Changpeng Zhao "Buy During Extreme Fear"

Uk Jin

Summary

Changpeng Zhao, founder of Binance, said the current virtual asset market slump should be taken as a buying opportunity.
He stated that one should buy during periods when the market feels extreme fear and sell when greed is extreme.
As of the 29th, the crypto Fear & Greed Index stood at 28 points, entering the 'fear' phase.

As the virtual asset (cryptocurrency) market went through a slump during November, a claim emerged that it should be taken as a buying opportunity.

On the 29th (Korea time), Changpeng Zhao, founder of Binance, said on X (formerly Twitter), "It may be an unpopular opinion, but it's better to sell when the market is extremely greedy and, conversely, buy when it feels extreme fear."

On that day, the crypto Fear & Greed Index registered 28 points, moving out of extreme fear and entering the 'fear' phase.