CZ Warns About Bitcoin (BTC) Bets After 100% Trap Record, Adds to Position Again

COINOTAG News reports that CZ posted a caution on social media on November 4, underscoring the persistent volatility seen when adding to crypto positions. The note highlights a core lesson in risk management and notes that even veteran traders can endure drawdowns. He references past cycles: in 2014, Bitcoin hovered near $600 before tumbling to about $200 within weeks, with an 18‑month decline; in 2017, his BNB buys coincided with a roughly 20–30% pullback over several weeks. He adds to his exposure yesterday and urges readers not to overstate certainty or sway market sentiment.

That message reinforces the case for grounded decision-making, anchored in fundamentals and disciplined risk controls, rather than chasing momentum. It also signals the importance of measured position sizing and transparent disclosures to help limit unintended market impact.