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CZ: Not every project launched on a trading platform should be bought into; no one can guarantee that a coin will only rise and not fall
BlockBeats News, January 28th, CZ responded on social media to the question of whether the listing criteria on exchanges should strive to list coins that users can buy and hold onto, rather than zeroing out and rug-pulling projects, saying, "If we follow this logic, Nasdaq would only have listed the top 10 internet companies that exist today since 1990. But in fact, 30 years ago, there were thousands of internet startups, and no one could predict which ones would become giants."
No one can accurately predict the future development of a project, and no one can guarantee that a coin will only go up in value. The responsibility of an exchange is to give promising projects a chance and not to make investment judgments for users. Not every project listed on an exchange is meant to be bought; users still need to do their own research (DYOR)."
Previously, CZ posted yesterday stating that few trading strategies can beat a simple "buy and hold" approach, encouraging users to hodl during the crypto bear market. However, this statement was questioned by the community. @WazzCrypto referenced data stating, "If one had bought all the coins listed on Binance futures last year, the portfolio would be close to zero." In response to the criticism, CZ replied this morning, saying, "Obviously, this strategy does not apply to all cryptocurrencies. It's the same as buying all internet or artificial intelligence projects/companies. In any industry, most companies/projects will fail. A few successful cases will experience exponential growth."
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