🔥 Summary of what was stated today by
@CZ , founder of #Binance
🔥 In today's Wednesday AMA on
#BinanccSquare , CZ
@CZ emphasized that beginners in cryptocurrency should start with small capital and avoid futures or derivatives trading, focusing instead on gradual learning and understanding the market before taking risks. He also warned against launching meme coins based on social media posts, as most such projects fail and lack credibility.
🔥 Regarding the market, CZ affirmed that the altcoin season is inevitable, even though its timing and the specific coins that will benefit cannot be determined. He highlighted that the
$BNB system is stable and has long-term potential due to developer support and an active community. He also noted that prediction markets are still in their early stages and lack liquidity, with most activity currently centered on sports.
🔥 As for Bitcoin and meme coins, CZ stated he firmly believes that
$BTC will reach $200,000 in the long term, though timing remains unspecified. He considers meme coins with real value to be those carrying historical or cultural significance, and expressed hope for continued growth in these coins through better tools for users, rather than short-term speculation.