A lot of noise out there today, respectful so, but when your the most hated crypto project out there, its expected. Honestly were use to it by now. Looking at the chart $ZEC has retested its symmetrical triangle, which was always in the cards, while also bouncing off the 400SMA.
Over on b*sky, Henry de Valence posted this link: https://t.co/sXK4vpITum and said “if you are in a position to act to harden society’s software infrastructure, you too should be very concerned about this and planning what actions you will take over the coming months”. I agree.
@GoodTexture probably close to 15% of total shares switched hands today. big question is who absorbed them, i could see a fund or two mayb, guessing alot of retail panic sold. If $ZEC can flip the script and prove all is good with the bug, cyph can reverse quickly imo
I wonder if $CYPH bought the dip last night. Would show mad conviction and great DCA opportunity, especially if the bug drama fades away. Will definitely circle back on this.
@GoodTexture ATM over the last 3 weeks, there no way to prove it when it was strategically turned on but I'm sure at some point it was. Even if its a million dollar buy, feel like too good of a opportunity to pass up.
@XRPathologist I know you kinda chart with what is in front of you and obviously new information comes and goes but have you ever provided like a long term outlook like several years down the road like fib levels targets that you would somewhat expect #ZEC to reach ?
$ZEC $CYPH
I think it's is very telling that price is holding where you would want it too, to remain bullish long term. If the market believed this exploit permanently impaired Zcash's value, I would expect a far more severe repricing than we've seen so far.
$CYPH Panic Selling vs. Reality
• ZEC crashed on exploit-related fears
• CYPH sold off alongside its treasury asset
• Massive shakeout across both names
The market repriced fear.
Now we find out whether strong hands were accumulating while weak hands capitulated.
Just added to $CYPH bag . Always been told to BUY when there is blood in the streets. Avg. cost basis sits around .73 slightly underwater but a number I' m happy with.
A lot of noise out there today, respectful so, but when your the most hated crypto project out there, its expected. Honestly were use to it by now. Looking at the chart $ZEC has retested its symmetrical triangle, which was always in the cards, while also bouncing off the 400SMA.
@robn335 No need to apologize, that's investing we all know the risks in the casino. Hopefully your not capitulating would hate to see you go. But if so, best of luck in your investments, ill be holding the fort down.
@seams5s CYPH will get another notice after the 30 days I'm pretty sure that's going to happen, which leaves another 6 months to regain, giving $ZEC 7 months to get out another upgrade and right the ship. They got some of the brightest minds so I'm not worried. But this hurts for sure.
Looks like I’ll be running back the $CYPH compliance tracker again as it will suffer short term with the very unfortunate situation with $ZEC. This has been a long term investment for me so hopefully it’s just a small speed bump along the journey. From the ashes we will rise!