Former Binance Exchange Head Chanpen Zhao, whose capital is estimated at $ 65.9 billion, told who should not invest in cryptocurrency.
In response to the question of one of the commentators about how to make capital, Chanpen gave a laconic answer “Slowly”. And in the next post he developed his thought, noting that it took him 40 years to create Binance.
Chanpen launched the trading platform in 2017, when he turned 40 years old, and after only eight months she headed the rating of a crypto -row in the volume of trading. Apparently, the main reason for the success of the company was the skill of its employees, including Zhao himself, who has been engaged in business in the technological sector since 2005.
Cryptosteal members sometimes manage to break the jackpot, trading in digital assets. For example, one of the early investors into the PEPE (PEPE) Memcoin turned $ 2.184 into $ 43 million and recorded a profit of $ 10.3 million thanks to an incredible token course. But Zhao does not advise chasing a quick pressure, obviously, considering such cases an exception to the rules.
According to the Dune Analytics report, 60% of traders suffer losses, trading in memcoids, 4.7% do not earn a dime, and 24% receive a profit of less than $ 100. Therefore, for most people, investment in tokens-memes turn around in failure, and they would have achieved the best results, for example, keeping bitcoins for a long time, following Zhao’s advice, because the BTC has risen more than 11 times over the past five years.
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Source: Cryptocurrency
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