ZEC: Seeing a lot of discourse on this one on the timeline lately so I thought I'd give my 2c Pros for ZCash: -very valid/easily digestible story. Fixed supply, 'the next…
Original source excerpt
$ZEC: Seeing a lot of discourse on this one on the timeline lately so I thought I'd give my 2c Pros for ZCash: -very valid/easily digestible story. Fixed supply, 'the next bitcoin', privacy -it can…
$ZEC: Seeing a lot of discourse on this one on the timeline lately so I thought I'd give my 2c Pros for ZCash: -very valid/easily digestible story. Fixed supply, 'the next bitcoin', privacy -it cant be priced (this is bullish). defi products and regular companies have revenue, ARR, and a bunch of others that can be priced more like traditional businesses. ZEC is more a belief system similar to bitcoin or other memes, where the sky is the limit -Narrative reasonable w. dems coming in hot; privacy is going to be needed for us to hide all of our coins (kek). Has also held up against some other recent fud affecting other coins like quantum/etc -Gigantic names / money / traders behind it -many liquid funds buy and hold this thing -Great relative strength lately; has held up quite well compared to the rest of the market -TA wise this coin still looks fine and doesn't seem to be topping out imo. Cons: -Who's the next buyer? Seems like if you're in crypto and you are buying and holding certain coins, zec is in that basket -relative strength is oftentimes just a delayed move to the downside that inevitably happens to many altcoins. hype was also in this same boat throughout different periods of its trading cycle. 1 day the relative strength may disappear -because it's not a regular business, it doesnt have automated flows that some of the best crypto products have. coins / companies like hype have auto buys and will always have buying pressure. -If btc takes a giant dump, zec probably goes with it -regulatory issues can come up, even more so now with dems in power. crush all privacy coins in the US and ban them = this thing probably goes -50% again quickly. -privacy is an interesting narrative but it's not super relevant to day to day life. contrast that with something like AI, which is in the news daily + we use it all the time and all of the flows were headed there (maybe not now LOL) and you have a narrative that could easily fade similar to others in the past. -------------------- All in all, I do ask myself who the next buyers are. general retail still probably just buys shitcoins; and even casual investors probably just buy majors and maybe hype? I still hold zec in spot and I do think there are a lot of compelling reasons to believe this thing goes to 5k+. But still will be marking level to level and under 1000 gets nasty
AI context is not available for this statement. The original source can be read independently.