I am not a fan of his but definitely been following his tweets during this market correction, I can’t actually agree less with his sentiment on this market, although our only differences is he views Altcoins too as investment whereas I put only bitcoin in that position and treat other cryptocurrencies as just gamble regardless of there market cap or FDV.

If you read through the tweet you will most certainly understand why most of the old and long term investors here usually tells you to invest an amount you can afford to lose, although this is because of the volatility of bitcoin but never about the potential of bitcoin. Bitcoin will grow beyond any dip and do numbers you as an investor how do you survive this dips is what actually matters, right now those who might have invested amount that they cannot afford to lose would have panic and sale at Loss or even break even when we know they market will most definitely bounce off and pump again.

So if you have a large size and can’t afford to keep up maybe due to the funds you invested it is better to cut losses if it isn’t that bad but the best option is to hold for long

You may be right that there still some panic but in my opinion, it is a bit different since a person didn't invest all of their money because they invested what they can afford to lose so even if they did lose but they still have some money left that wasn't spend to buy coins. After all, the amount invested is what you can afford to lose compared to investing all the money you have which means the result will be different.

It all depends on your trading psychology. This is more reason why as a bitcoin holder, you should avoid watching your wallet and the market too much. We all experience FUD but it depends on how we are able to control our emotions during the market fluctuations. The dips in the general market was unexpected, but that if BTC was already expected as there were many imbalance created by the market to fill up. If ones expect the market to continue in a bullish momentum for too long, then he's not ready to trade crypto. There will always be a season for the bulls and the bears, what matter is that you make the most of of them.

Perhaps those who are not cautious has the wrong mindset to begin with when they enter crypto space. Perhaps they are "influence" by some streamers or some personalities that this market is very easy and that you can make a lot of money in short amount of time, becoming millionaire.

And with that, when the price goes down hard, like it was a shake down as per definition of CZ, then immediately sell because they are worried and really be affected mentally as they never thought that this market is very volatile and very different as what others portray it. And it could also depend on where you invest here, for shit coins and meme coins, yeah, you could have sleepless night as you're thinking that it could literally go to 0 and before that could happen, maybe you are thinking of selling everything and not going to comeback.

CZ is right and speak the same truth that you can get from intellectual members of the forum giving to you that you the same advise that you will need patience to make good money from buying Bitcoin. Without patience you will be selling at the sight of every bad market. There are many ways to handle your emotions in the market, you can start with only using a small amount of money for investing that you can forget about if the market crashes and you lose everything although that is not going to happen as the market is going to be alive for more than we can expect because Bitcoin adoption is increasing everyday and soon we will get to the peak of the adoption of Bitcoin someday. Another way to handle emotions is to get your mind occupied.

Is it true that if you invest an amount of money that you can afford to lose you will not be affected too much emotionally when the market become too volatile and Bitcoin loses its value, but it is not only those who have invested an amount of money they can't afford to lose that go through this emotional roller coaster. You can invest an amount of money that you can lose and still have to battle and deal with the emotional trauma of maybe losing the money easily or the money not doing well in investment as expected. You can react emotionally and decide to stop investing in bitcoins.

"An old phrase paraded as some kind of new opinion"

Even CZ is right but perhaps I do not treat the statement as some kind of special advise because of course I have heard that over and over infact since I joined this forum that has been one of the most popular advise I have gotten....

Even though but I'm the process of investing what you can comfortably loss remember to always treat your investment first as that is where you're net worth starts and ends, investments are not from junks but should be part of your major income expenses.

Have bitcoin ever failed ? no so panicking is like saying I trust bitcoin but I don't trust it with my money.

Although that's true that we should only invest what we can afford to lose, if you're in the crypto market, I guess you need to somehow develop strong hands. Just like in all markets, there's risk in crypto. It would help if you learn to develop a certain level of risk tolerance. Otherwise, if you're too emotional, risk-averse, perhaps you are in the wrong space. You might consider getting out of the kitchen altogether.

How much can you afford to lose really? Is it $100? Or $500 or $1,000? It's likely that during bull runs you won't be satisfied, or perhaps regret, with your $100 investment, but during crypto winters, you'd realize you should've invested much smaller amounts. This conundrum would go on forever in this volatile market. At some point, you'd have to temper down your emotions. If you can't do it, this market might not be for you.

If you can not handle your emotion, you are done. You even don't have a chance to learn from your mistake because you can not reduce or calm down your emotion. That will make you lose your chance to see the benefit from the current situation for you because your tension still high without seeing the positive for you. If you want to invest, you must use the money you can afford to lose. That will prevent you from the big lose that you might get in the future if that is happen.

Quite often I say in this forum about "Investing should use the money you can afford to lose",
But in reality many beginners or even those who are just learning the basics of trading start their investments very poorly.

Using money that they even still need for other purposes or savings for their lives, this will certainly affect their mentality when the market becomes very unpredictable as it is now which is experiencing a deep decline, only panic and the desire to sell always arise.

I am probably quite reliable in any market situation because I have gone through 3 cycles of Bitcoin and will not be affected by a decline like this.
And also I use the money that I do provide for long-term investment by buying gradually when the decline continues to occur.

CZ's sentiment just reminds us that anything can happen in crypto and we need to be prepared.
A stable mentality will give strength and will not be shaken even if the market is not doing well, Mental stability beats all market volatility.