CZ | 'Get Rich Quick' Mentality in Crypto Fails | What to Focus On Instead
Edited By
Rahul Patel
Changpeng Zhao (CZ), founder of Binance, recently criticized individuals chasing fast profits in the cryptocurrency market. This commentary coincides with ongoing skepticism from the community regarding his credibility and Binance's role in the market's volatility. With many people still chasing quick riches, is there a better path to follow?
The Controversial Figure
CZ has become a polarizing figure, frequently drawing fire from critics. Users on various forums express strong sentiments against him. Comments like, "CZ is a known liar and scam artist," reveal deep-seated mistrust. Many point to questionable practices associated with Binance, such as listing high-risk memecoins and engaging in practices perceived as pump and dump schemes.
A Contradictory Message
Interestingly, while CZ cautions against short-term speculation, some commentators highlight his past rapid wealth accumulation, questioning his sincerity. One user even remarked, "Cz got rich really quickly. Is he being a hypocrite?" This tension paints a vivid picture of the crypto community's uncertainty.
"You don’t take advice from pardoned convicts?" - Commenter
A Call for Long-Term Thinking
In stark contrast to the prevailing quick-win mentality, CZ's message stresses the importance of long-term investments in technology and infrastructure rather than fast returns. He suggests tuning into where he invests his energy as a signal of sustainable opportunities in the market. This advice has both supporters and detractors, with a common theme emerging from discussions.
Notable Themes from the Community
Distrust in CZ and Binance: Many users express concerns over the credibility of Binance due to its past involvement in dubious projects.
Critique of Quick Riches: Several individuals acknowledge the allure of quick profits but caution that it often leads to losses, saying, "Trying to get rich quick often ends up making you poorer faster."
Value of Long-Term Investments: There is a growing consensus urging a pivot from speculation to solid investments in the industry’s future.
Key Insights
△ "You don’t take advice from pardoned convicts?" - A recurring sentiment reflecting users' doubts.
▽ Criticism of Binance's practices continues to fuel distrust among the community.
※ "Every time I see CZ says something, I do the opposite" - Many find value in contrarian thinking.
As 2026 unfolds, the community's response to CZ's critique indicates a crossroads in crypto investment strategies. Will the focus shift toward building sustainable success, or will the allure of quick profits continue to capture the majority? Only time will tell.
Shifts on the Horizon
There’s a strong chance the crypto community will begin moving toward more cautious investment strategies as skepticism about quick profits grows. With the recent backlash against the get-rich-quick mentality, experts estimate around 60% of investors might prioritize long-term assets over speculative ventures by mid-2026. This shift could be driven by a combination of regulatory pressures and increasing awareness of the underlying technology that fuels the market. As trust in platforms like Binance continues to wane, many individuals may choose to engage in projects with established credibility, marking a pivotal change in how investments are approached.
A Lesson from History’s Shadows
In the early 2000s, the dot-com bubble showcased a similar phenomenon where optimism and hype led many to chase immediate returns. However, it was the few companies that focused on sustainable practices and real innovation that emerged stronger post-bust. Just as those early tech investors had their attention pulled by rapid gains, today’s crypto enthusiasts face an analogous temptation. This parallel suggests that while the allure of quick riches remains tempting, history has shown us that resilience and long-term vision often lay the groundwork for future success.