The post Bitcoin Tops $100K Again! Changpeng “CZ” Zhao Urges Traders to ‘Stay Calm and Hold’ appeared first on Coinpedia Fintech News
Bitcoin is back in beast mode.
After weeks of sharp price swings, the world’s largest cryptocurrency has pushed past the $100,000 mark, trading at around #103,755 at the time of writing. This bullish move has sparked a wave of excitement across the crypto space, flipping last month’s fear and doubt into fresh optimism. Just weeks ago, Bitcoin had dipped below $80,000, triggering widespread concern.
Now, with momentum building again, Binance co-founder Changpeng “CZ” Zhao has stepped in with a timely reminder: Bitcoin isn’t complicated – if you just follow one golden rule.
CZ’s Simple Rule for Success: Don’t Panic Sell
In a recent post on X, CZ summed it up clearly: “Bitcoin is easy… just don’t panic sell.” His message is aimed at those shaken by market volatility – the ones who sell too soon and miss out on gains.
CZ believes the key to long-term success is staying calm during downturns and holding your position through waves of fear, uncertainty, and doubt. He pointed out that panic selling usually guarantees losses, while those who hold through dips often come out ahead.
And he walks the talk. When Bitcoin slid from its all-time high of $109,300 in January down to $74,000 last month, CZ didn’t flinch. Instead, he encouraged investors to buy the dip and look at the long-term picture. Now that Bitcoin’s market cap is back above $2 trillion, that advice seems more relevant than ever.
Why Panic Selling Strikes: Decoding Investor Fears
CZ dove deeper into why many investors panic. According to him, it comes down to one thing – lack of understanding.
People often buy into Bitcoin based on hype or influencer tips, without knowing much about the technology or financial logic behind it. So when the price drops, they have no real conviction to hold on. Instead, they sell in fear, often at a loss.
This is a common trap, especially during sharp pullbacks. For example, a recent 8% correction triggered a wave of sell-offs as newer traders misread normal market behavior and assumed the worst.
To avoid this, CZ recommends doing your own research. Study the fundamentals of blockchain, learn about Bitcoin’s limited supply, and understand past market cycles.
Building knowledge creates confidence and that makes it easier to hold through the rough patches.
Is $100K Just the Beginning? CZ Thinks So
CZ has long predicted that Bitcoin could eventually hit between $500,000 and $1 million in this bull cycle. While that might sound bold, the current market momentum, combined with Bitcoin’s fixed supply of 21 million coins and growing interest from institutions, could support that kind of explosive growth.
His message to investors is clear: stay patient, use volatility as opportunity, and focus on the bigger picture instead of short-term noise.
Don’t let fear decide your strategy. HODLing through the storm might just be the smartest move you make.
