https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
, Changpeng Zhao: Bitcoin hasn’t changed, Forex-News, Forex-News
Bitcoin
$35,737.18
-2008.8
Ethereum
$2,198.69
-144.99
Litecoin
$154.45
-10.5
DigitalCash
$153.84
-8.7
Monero
$266.65
-6.73
Nxt
$0.02
-0
Ethereum Classic
$52.02
-2.57
Dogecoin
$0.29
-0.02

Changpeng Zhao: Bitcoin hasn’t changed

3
, Changpeng Zhao: Bitcoin hasn’t changed, Forex-News, Forex-News


, Changpeng Zhao: Bitcoin hasn’t changed, Forex-News, Forex-News

They have been difficult days for the crypto community. And, after Elon Musk announced that his company, Tesla, will stop accepting Bitcoin as a payment method for its vehicles, the market collapsed. Causing a sharp drop in the price of all major cryptocurrencies, and leading many to announce the end of the crypto market. However, for the CEO and founder of Binance, Changpeng Zhao, Bitcoin has not changed, as he comments in the Tweet of the day:

Changpeng Zhao asks for calm

One of the main characteristics of the cryptocurrency market since its birth has been the volatility in the price of virtual currencies. And it is that, they have accustomed to crypto users to impressive rises and sudden falls in their price. Being extremely sensitive to news and variations in the economy that may affect your market.

This does not represent a problem for more experienced investors, who understand that despite these variations in the price of cryptocurrencies, in the long term their trend does not change. However, for more novice investors any drop in the price of Bitcoin can represent the definitive end of cryptocurrencies, and a signal to exit the market as soon as possible.

, Changpeng Zhao: Bitcoin hasn’t changed, Forex-News, Forex-News
, Changpeng Zhao: Bitcoin hasn’t changed, Forex-News, Forex-News
For Changpeng Zhao, the trend in the price of Bitcoin has not changed. Source: CoinDesk

However, as Changpeng Zhao points out, the truth is that the market has not changed since the last major Bitcoin bull rally. Well, beyond a higher price in the main cryptocurrency in the world, the price of crypto assets is still quite volatile, and long-term trends in the market continue to reward those who have patience not to panic.

«Bitcoin / # crypto have not changed. Do not care. There are always fluctuations in the market, for all kinds of reasons. You can blame others for what they tweet (their freedom). Or you can take advantage of the opportunities. It is not financial advice».

Thus, Changpeng Zhao suggests to members of the crypto community not to panic about the comments that Elon Musk or some other crypto influencer may make about the market. And that, on the contrary, they take advantage of these opportunities to stand firm and increase their bets in cryptocurrencies.





, Changpeng Zhao: Bitcoin hasn’t changed, Forex-News, Forex-News

Get real time updates directly on you device, subscribe now.

, Changpeng Zhao: Bitcoin hasn’t changed, Forex-News, Forex-News

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More