NFA! Don’t use leverage on my calls. The fluctuations within the macro call may kill you. 🤍
Joined January 2012
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CHARTIST retweeted
$BTC vs Stocks still sitting right at the Summer 2024 lows.
This seems to be a level where at least some bidders have been stepping in and defending the ratio for the time being.
All in all, very little action in both BTC & Stocks the past 2 weeks.
Always trust your instincts and stay true to your plan. Don’t let outside opinions or news sway you—external distractions only fuel emotional decisions and cloud judgement.
$FET Update:
- Important level: Just 12 cents shy of being spot on.
- A -95% downturn followed after “important level” was hit.
- Target level was $3.71. It hit $3.47 before a -79% downturn.
Levels slightly overestimated but still extremely precise. So much loss avoided 💓
Guyssss, I missed you all. Shall I start posting more charts? What shall I post? I want to be more active here 🤍🤍
CHARTIST retweeted
According to the trading analytics from my Challenge account, I could probably just get away with a 2 day work week 😂
All gains coming from trades that were opened on Monday & Wednesday.
Truth is, the sample size is still relatively small.
Also, it does help to stay in touch with the market even if you're not trading as it gives you a better feel for it and helps out when you do make that trade. Regardless, interesting statistic.
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CHARTIST retweeted
Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.
Binance is no longer a baby. It is time for me to let it walk and run. I know Binance will continue to grow and excel with the deep bench it has.
I’m pleased to announce that @_RichardTeng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today.
Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. He will ensure Binance delivers on our next phase of security, transparency, compliance, and growth.
Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.
With Richard and the entire team, I’m confident that the best days for @Binance and the crypto industry lay ahead.
As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions.
What’s next for me?
I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.
After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi.
I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do.
On that note, I am proud to point out that in our resolutions with the U.S. agencies they:
- do not allege that Binance misappropriated any user funds, and
- do not allege that Binance engaged in any market manipulation.
Funds are SAFU!
With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion.
Onwards!
CZ
This is a perfect example illustrating jumping from coin to coin usually doesn’t pay off in the long term because it’s usually driven by FOMO. This is why I wrote a thread on FOMO yesterday. We are likely to be experiencing FOMO around these times.
BTC starts pumping but you miss the pump
you buy an altcoin hoping to make money
altcoins start pumping but yours isn't moving
you get impatient, sell and buy the ones that are pumping
the ones you buy starts dumping and the one you sold starts pumping
you think it's all manipulation and it's better to sit out
BTC starts pumping and you miss the pump, again
Fearing the loss of resources is a survival mechanism. When this fear is intensified by past negative experiences, it can lead to a heightened sensitivity to market fluctuations. This is a major reason for why we experience “weak hands”.