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Bitcoin Bounces Back, But Ex-Binance Boss Warns About FOMO
The crypto market has seen a significant upswing in recent days, with many cryptocurrencies experiencing substantial gains. However, according to Changpeng Zhao, the CEO of Binance, investors should be cautious and avoid acting out of fear or greed.
Speaking to his audience on Twitter, CZ emphasized the importance of balance between these two emotions, stating that it’s crucial not to invest solely based on FOMO (fear of missing out) nor let greed guide your decisions. He suggests that investors adopt a more cautious approach by diversifying their portfolios and regularly reviewing their holdings.
In his tweet, CZ advised that during times of market volatility, it is essential to prioritize risk management and avoid emotional investing.
Source: u.today
