The "CZ effect" is real 😊. When CZ predicts a market rise, it often dumps instead, catching investors off guard. What's your strategy to deal with this volatility?
It's true that CZ (Changpeng Zhao)'s statements impact the market, often reacting contrarily, known as the "CZ effect".
When CZ speaks, the market reacts strongly, which can be tough for average investors. Here are some tips to navigate this:
- *Do your own research*: Don't rely solely on CZ; stay informed from news sources. - *Track market trends*: Understand market trends and invest accordingly. - *Diversify*: Spread your portfolio to avoid over-reliance on one investment. - *Use stop-loss*: Limit your losses with stop-loss orders.