CZ: Crypto Investors Cannot Get Rich Without Knowing These Three Letters
Binance founder Changpeng Zhao (CZ) has once called attention to dollar-cost averaging, which is better known as DCA. CZ told his followers that understanding DCA is essential for anyone hoping to build wealth through investing. “DCA (If you don‘t know the term, better google it. You can’t get rich without knowing some basic financial terms),” CZ wrote. Top 10 Crypto Exchange by Trading Volume Suddenly Shuts Down Risk of XRP Losing $1 Just Spiked Up, Will Zcash (ZEC) Retain $500? Hyperliquids (HYPE) $70 Bounce Is Possible: Crypto Market Review The comment came after a discussion about the best time to enter the market for long-term investors: during a bull market or a bear market. CZ has repeatedly argued that trying to perfectly time market bottoms is extremely difficult. The Binance founder has promoted DCA for years. In a 2023 post, for instance, he explained that investors who want to “buy low, sell high” must actually be willing to buy when markets are depressed. Its just simpler He has also previously responded to Bitcoin advocate Michael Saylors posts about accumulating Bitcoin, saying that “DCA works” and “DCA wins.” Dollar-cost averaging is an investment method where someone invests a fixed amount of money at regular intervals without paying attention to the