The Bitcoin low could be in for the cycle, price wise only. Doesn’t need deeper.
But I’d argue strongly it’s going to need 3-5 months (sideways) to build a base from which the next Cycle can launch from.
Bitcoin has entered the 3rd and final stage of the bear market.
This is because the guys who mocked the bears in stages 1-2 are now admitting price could go lower.
They were a bull in a bear market, and they will likely turn fully bearish in the bull market
Two things coming this year:
1. Zcash quantum recoverability, in the upcoming weeks.
2. Tachyon (with formal verification) before year end.
Zcash is at the forefront of security research.
once it is formally proven that the $zec hard cap has been maintained, and it very likely will be, everything changes. this issue has been a thorn, no, A FULL BLOWN DAGGER in the side of zcash since inception.
this whole $zec bug fiasco may be a ploy to rinse the market and accumulate coins at lower prices before the real pump begins. someone rich may have figured out that satoshi is on the zec team and zcash is the top quantum coin in the world, and now they want a piece of the pie
The Holy Trinity is dead. Sadly due to the Orchard Pool exploit, I had to dump our entire $ZEC bag.
- While I think it's extremely unlikely of any minting, it cannot be formally cryptographically proved impossible
- The privacy from AI, govt, big tech narrative demands perfection not improbability
- I read about the exploit yday, and didn't appreciate how it violated my narrative mental map. The 30% dump, made me rethink, and I had to take profit on the entire position
- We will consistently re-evaluate our thinking and if my assumptions are proven incorrect, will rebuy, hopefully at lower prices.
- Privacy is priceless and I have no issue eating humble pie and rebuying much higher.
We still hold $WLD and are excited for Lord Elon to pump our bags.