- BTC-USD -0.66% BNB-USD -1.24%
In the midst of market volatility, Changpeng Zhao, the founder of Binance, has shared his perspective on the best times to trade Bitcoin (CRYPTO: BTC), sparking a lively debate within the crypto community.
What Happened: In a post on X, Zhao, also known as CZ, proposed that the secret to maximizing profits in Bitcoin’s erratic cycles is to sell when the market’s greed is at its zenith, and buy when fear is at its peak.
Unpopular opinion, but it's better to sell when there is maximum greed, and buy when there is maximum fear. 🤷♂️
Significantly, CZ’s advice comes at a time when Bitcoin’s sentiment indicators are oscillating wildly between extremes.
A number of commentators have concurred with CZ’s viewpoint, stressing that traders should closely monitor rather than emotionally respond to market conditions.
Also Read: Bitcoin Plunge Traps Over 70% of Capital, Market Sentiment Hits New Low
The recent Fear & Greed Index chart indicates market greed surging during price rallies, while fear sharply increases during significant pullbacks.
Fear and Greed Index by CoinMarketCap pic.twitter.com/LQxBspfOfD
They argue that this principle should be applied across all reliable cryptocurrencies to maximize returns.
Sell at greed, buy at fear sounds smart only in drama.In real markets, nobody rings a bell saying maximum greed or fear.If you could actually time peaks and bottoms, you wouldn't be tweeting.. you would be running a hedge fund.Everyone thinks they are buying the dip… until…
Why It Matters: The advice from CZ comes at a critical time when Bitcoin’s market sentiment indicators are experiencing extreme fluctuations. His perspective on trading during times of market greed and fear resonates with the broader crypto community’s emphasis on rational decision-making.
This approach, if applied consistently across all reliable cryptocurrencies, could potentially maximize returns for traders.
The ongoing discussions around CZ’s advice highlight the importance of strategic trading in the volatile crypto market.
Read Next
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Image: Shutterstock/Koshiro K
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This article Binance Founder CZ Reveals 'Perfect Time' To Buy and Sell Bitcoin: 'Sell When There Is Maximum Greed, and Buy When There Is Maximum Fear' originally appeared on Benzinga.com
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