Changpeng Zhao: to avoid stress, adopt an HODL strategy rather than trading

Binance chief Changpeng Zhao advised all traders who feel stressed by every price dip to switch to an HODL strategy.

If you feel stressed out during every dip, you probably should not trade much, or at least change your trading strategy. Maybe just #HODL?

Not the best advice for our business (trading fees), but probably good advice for many new traders.

Not financial advice.

— CZ 🔶 Binance (@cz_binance) April 22, 2021

“Not the best advice for our business (trading fees), but probably good advice for many new traders,” Zhao explained.

He also advised trading less to avoid stress. The Binance chief noted that this is not financial advice.

The crypto community on Twitter reacted positively to Zhao’s advice. For instance, a user going by the alias Ash WSB wrote that HODLING is underrated.

HOLDING is underrated ✊

— Ash WSB 🍥 (@ashwsbreal) April 22, 2021

“During the dip, simply buy and hold any coin listed on Binance,” wrote a user under the pseudonym CS Quah.

during the dip, just buy and #HODL any coin which listed in @binance. they got the strong team behind who already helped to audit the projects before listing, so it is safe for newbie… dont go for small exchanger.

— CS Quah (@C_S_Quah) April 22, 2021

Earlier Zhao said that the crypto industry is not ready to operate without government intervention and cannot defend itself.

In April, Simply Food released a limited edition of instant noodles “HODL NOODLE” with seasoning “TEARS FROM HODL-ING” to mark “Dogecoin Day”.

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