CZ's view: Bitcoin investors tend to buy during panic periods rather than at market highs

Source: CryptoNewsNet Original Title: CZ states that Bitcoin investors tend to buy during periods of FUD, rather than at market highs Original Link: The founder of a leading exchange, Changpeng Zhao, pointed out that savvy Bitcoin investors tend to intervene during periods of panic and uncertainty, rather than when the market is overly optimistic.

In his latest social media post, he stated: “When Bitcoin is at a historical high, have you ever thought, ‘I wish I had bought Bitcoin earlier’? Guess what, those who bought early didn’t buy at the all-time high; they bought during times filled with fear, uncertainty, and doubt.”

CZ’s comments come as Bitcoin and the broader cryptocurrency market have experienced volatile market sentiment in recent weeks. After long periods in the “extreme fear” zone, market sentiment indicators have begun to recover, reflecting a moderate shift from panic to cautiousness.

Crypto Community Supports Zhao’s Viewpoint

Several members of the crypto community seem to agree with CZ’s perspective, with some even suggesting that AI tokens will follow the same pattern. Community members also encourage traders to buy BTC during holidays, noting that crypto institutions are quietly preparing for a bullish run in 2026. They reaffirm CZ’s point: “True wealth accumulation happens in doubt, not in excessive optimism.”

Other community members point out that people are always looking for profit opportunities, but few are willing to endure the psychological torment of seizing those opportunities. They further comment, “The cost of early entry is not just capital, but also the courage to click buy when the market is in chaos.”

An Australian tokenization data analytics firm also noted that most traders prefer early low prices rather than the panic that accompanies them. They emphasize that conviction is built during FUD, not at historical highs. Additionally, some pointed out that the current holiday lull will contrast with the winter of 2018, when a quiet bear market phase later laid the foundation for the next big cycle.

As of December 24, the cryptocurrency market remains under pressure, with total market cap down 1.1% to $3.02 trillion, despite a 24-hour trading volume of $98.49 billion. Despite the significant decline in the crypto market, Bitcoin’s market cap is close to $1.73 trillion, maintaining its dominance.

Zhao previously advocated that BTC traders should sell during greed and buy during panic

At the end of November, after sharing his key insights on profiting from Bitcoin’s volatility cycle, he sparked another discussion. He claimed that traders should sell when optimism and greed are at their peak, and buy during the strongest panic.

At that time, Bitcoin’s sentiment indicators were still fluctuating between extremes. However, many others supported the founder of a major exchange’s view, advising investors to carefully observe market conditions rather than react emotionally. They also argued that this strategy should apply to all reliable cryptocurrencies to maximize returns. Typically, market optimism intensifies during upward trends, while fear deepens during price declines. However, some criticized this Bitcoin advocate’s comments, especially since BTC was experiencing volatility at the time.

Around the same period, a CEO of a major exchange also sought to reassure BTC investors, pointing out that all asset classes go through cycles and volatility. He added that some risk-averse behaviors and deleveraging were affecting the crypto market at that time.

In another social media post in September, CZ warned that most investors panic-sell BTC because they do not fully understand the technology, finance, or global trends. He cautioned that relying solely on advice to buy Bitcoin would not give investors confidence to hold during volatility. Therefore, he urged traders to learn more about technology, finance, and market trends to gain enough confidence to resist selling during economic downturns and hold Bitcoin for the long term.