CZ claims that the lack of confidence in holding coins stems from a lack of understanding of technology and finance Binance founder CZ pointed out in a post that users' inability to hold Bitcoin for a long time often stems from insufficient understanding of technology, finance, and the workings of the world. He stated that if one buys Bitcoin solely based on recommendations from others, it is more likely to fall into panic selling when encountering fluctuations. He suggested that investors read more relevant materials to enhance their cognition and beliefs.