PANews reported on January 28 that Binance founder Changpeng Zhao responded to the discussion sparked by his previous "buy and hold" tweet, emphasizing that thisPANews reported on January 28 that Binance founder Changpeng Zhao responded to the discussion sparked by his previous "buy and hold" tweet, emphasizing that this
Zhao Changpeng responds to criticism of the "buy and hold" strategy: It does not apply to all tokens.
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PANews reported on January 28 that Binance founder Changpeng Zhao responded to the discussion sparked by his previous "buy and hold" tweet, emphasizing that this strategy is clearly not applicable to all tokens. He pointed out that if one were to buy all ever-issued cryptocurrencies, the performance of the portfolio would be predictable, much like buying all internet or AI projects—most projects in any industry will fail, with only a few successes generating exponential returns.
Previously, Zhao Changpeng posted: "Over the years I have seen many trading strategies, but very few can outperform the simple 'buy and hold' strategy, which is exactly what I have been doing."
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