Select Page

Binance CEO Warns Against Following Tweets to Trade

Binance CEO Warns Against Following Tweets to Trade
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

Changpeng Zhao (CZ), CEO of Binance, has opined to followers that trading based off “other rich people’s tweets” is no way to get rich.

His tweet, issued on June 5, read “If you follow a rich crazy randomly swinging person’s tweets to trade, you will end up not rich.”

It was an elaboration on another tweet CZ issued several hours earlier on June 4, in which the CEO stated he knew “zero rich people that became rich because they did things according to other rich people’s tweets.”

Followers saw this as a veiled swipe at Tesla CEO Elon Musk, whose social media activities have become synonymous with the rises and falls of several cryptocurrencies this year. More specifically, the growth of Dogecoin (DOGE) and the decline of bitcoin (BTC). Some experts, such as FOX Business’ Stuart Varney, have referred to Musk’s effect on the crypto market as “manipulation.”

CZ made his opinion on Musk’s activities clear in an another June 4 tweet, stating “Tweets that hurt other people’s finances are not funny, and irresponsible.”

Musk eyes another target

History may be repeating itself as Elon Musk’s cryptic manner of tweeting returns. The kind that brought DOGE to a series of all-time highs earlier this year. Only this time, there’s a different target in mind. 

On June 4, the Tesla CEO simply tweeted, “Canada USA Mexico.”

While that may seem innocuous, the update has been linked directly to the sudden spike in value of CUMMIES, the native token of the adult creator NFT platform CumRocket. 

In the space of six hours, according to data, CUMMIES’ value shot from $0.07 to $0.14 on June 4. The token also topped CoinGecko’s trending list, as the platform themselves confirmed on their official Twitter.

Musk’s advocation for the NSFW platform continued on June 5, in another tweet that consisted only of emojis. By this time, data indicated that CUMMIES’ price had hovered around the $0.03 and $0.04 mark. Until 11:24 AM CET, after which the price doubled from $0.07 to $0.14 in less than ten minutes.

DOGE outperforms market frontrunners

The meme-inspired altcoin DOGE made its debut on the Coinbase exchange this week. And it seems to have paid dividends as it outdid both BTC and Ether (ETH) in terms of growth. 

According to reports, BTC has recorded a 6.2% increase in the last seven days, while ETH is up 14.9% in the same period. Meanwhile, DOGE advanced 24%. Data from CoinMarketCap indicated the altcoin is currently ranked the 5th most valuable cryptocurrency in the world by market capitalization. Its market cap figure was just under $49 billion at time of press.

The post Binance CEO Warns Against Following Tweets to Trade appeared first on BeInCrypto.

 

Source: BeInCrypto

 

All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now

Don't forget to share your review/suggestions for the android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.es here

Categories

Select a Sub Category
category
6151f48baa0e1
0
1
Loading....

Reviews

All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber