Buy Bitcoin When Others Fear, Not When They FOMO, Says CZ

Summary: Changpeng Zhao, founder of Binance, emphasizes that the prime opportunity to purchase Bitcoin often arises during periods of fear rather than excitement. As the crypto community navigates market uncertainty, Zhao's insights encourage investors to focus on education and emotional resilience to capitalize on genuine opportunities.

Key Takeaways

The best time to buy Bitcoin is typically during fearful market conditions, not when others are overly excited.
Many regret not investing earlier, yet early investors often buy when the market is uncertain.
A consensus among market participants suggests accumulating Bitcoin during down times may lead to better long-term positions.
Understanding market psychology and investor education are vital in overcoming panic selling.

CZ and Bitcoin

The Best Time to Buy Bitcoin is During Fear

Changpeng Zhao, known as CZ and the founder of Binance, recently reminded investors that the ideal time to purchase Bitcoin is often when people are feeling scared, not when they are excitedly pushing prices up. In a tweet, he pointed out that many investors end up regretting not buying Bitcoin sooner; however, those who got in early typically did so during times of uncertainty when it was challenging to remain confident.

His comments come amid a cautious atmosphere in the crypto market. For several weeks, Bitcoin has reflected "Extreme Fear," indicating that traders are apprehensive about market conditions. Although there has been a slight improvement, this recovery is more indicative of caution than a sign of complete confidence.

Community Perspectives on Investing in Fearful Times

Several members of the crypto community echoed Zhao's sentiment on social media platforms. A user named Lawrence Lanzilli encouraged potential investors to consider acquiring Bitcoin during the holiday period, suggesting that institutions may be preparing for a bullish trend in 2026. He reinforced Zhao's main message, arguing that significant positions are often developed during times of doubt, rather than during periods of widespread optimism.

Other community voices highlighted the psychological hurdles of investing during downturns. One user noted that while many people seek financial opportunities, not as many are willing to endure the discomfort necessary to seize those opportunities. This commenter emphasized that early engagement requires emotional resilience since acting amid uncertainty can often feel worse than later missing out on gains.

At the time of reporting, the overall cryptocurrency market capitalization had risen by 1.1% to reach $3.05 trillion, with 24-hour trading volumes hitting $69.75 billion. Bitcoin continued to lead this market, with its market capitalization nearing $1.75 trillion.

Zhao’s Consistent Philosophy on Market Emotion

Zhao's recent insights align with his earlier viewpoint expressed this year. In November, he shared a straightforward strategy for navigating Bitcoin's volatility: sell when the market is overly optimistic and buy when fears are at their peak. Some investors agreed with this approach, asserting that it is wiser to be observant rather than acting on emotions. Others, however, criticized this perspective.

During the same period, Richard Teng, Binance's CEO, commented on prevailing market conditions, providing reassurance amid rising uncertainty. He explained that all asset classes go through cycles, adding that factors such as deleveraging and risk-averse behavior were putting short-term pressure on cryptocurrency markets.

The Importance of Education in Overcoming Panic Selling

Changpeng Zhao has also emphasized the necessity of investor education. In a different post on X published in September, he cautioned that many people panic-sell Bitcoin due to a lack of understanding. He argued that relying solely on external advice does not build true conviction. Instead, he encouraged investors to educate themselves on technology, finance, and global trends.

Zhao believes that a stronger foundation of knowledge enables traders to endure downturns and keep their focus on Bitcoin's long-term potential. Overall, his remarks suggest that fear often precedes opportunity, while euphoria can contribute to increased risk.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. The opinions expressed in this piece may reflect the author's personal views and do not represent The Crypto Basic's stance. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not liable for any financial losses.