Freetwain (💙,🧡)

Fibonacci believooorrr

[mert @mert]

what's very interesting is the ZEC shielded pool went up during that dip

I'm not a trader, but that PA suggests to me: i) people are likely trying to capture grayscale ETP arb (I could be totally off on this)

ii) coin was up 900% (and is now up ~525%), since shielded pool didn't budge, obviously a lot of tradoooors rotating into perceived undervalued majors as they realize market might be shakier than previously thought

one thing to note is that winklevoss dat purchased about 1.5% of the supply at ~$280 avg and their goal is 5% of supply

overall unrealistic for a coin that was at 600M mcap (!) to almost flip into top 9 and then not do price discovery during a big nuke and huge weakness

again, most assets are *down* colossal on the 6m, ZEC is *up* 525%

one thing forsure is that the asset has fundamentally reclassified itself, it was barely in the top 100 before, now it's going to always content for top 10 at minimum

in terms of defensibility, I think mixers in privacy are structurally easy to compete with (Ethereum/Solana could take on them pretty easily)

but an encrypted bitcoin-like SoV asset with 8 years of PoW distribution and probably the most interesting story (ties to satoshi, first production system on earth to ship ZK, etc) almost certainly can never be recreated

this is all to say

there is no way I'm stopping talking about this until encryption is the norm

[Jonny @jonnyjpgs]

I think liquidity and volume was too concentrated on $ZEC. There was an opportunity to really lift the entire privacy sector but many coins in that category barely moved, that was intentional. So what does that tell me…?

Many are calling it a coordinated pump but I don’t see it that way, I was stupid early and saw the writing on the wall. The first leg up tested the appetite and sentiment for privacy. Now that it’s been solidified the sell off will allow for greater accumulation before a much broader breakout. Thesis has been confirmed now bigger players want in.

As I mentioned previously the $200 - $300 area is a good accumulation zone but a deeper panic down to $100 or so is very possible as well. If you believe in it and have a longterm outlook DCA’ing is the way.

I do believe that privacy is fundamental technology to the growth of the ecosystem and it has a bright future.

Instead of adding to the FUD after a 3 month rally, focus on the big picture and why it became relevant in the first place.

[Freetwain (💙,🧡) @freetwain]

$zec

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Trump administration reviewing proposal to allow the IRS to access and tax Americans' foreign crypto account data.

[Freetwain (💙,🧡) @freetwain]

Wish I put more into $CYPH

[Freetwain (💙,🧡) @freetwain]

$zec at $720 is actually insane lmao.

[Freetwain (💙,🧡) @freetwain]

$zec at $630 is actually insane lmao.

[Freetwain (💙,🧡) @freetwain]

@XRPathologist Thesis as well. The spike up in trend makes for a bit of worry. Best case is retrace to parabola support, and sideways movement.

[Freetwain (💙,🧡) @freetwain]

$zec at $630 is actually insane lmao.

[Zepe🦓🐸 @Zepememe]

yes - in fact we deleted the SELL button and replaced it with SHIELD button

[Rothbard 🛡 @PrivacyGod]

FIVE MILLION SHIELDED ZEC.

[Joe @youdoubro]

Zcash, why isn't it listed yet?

[Freetwain (💙,🧡) @freetwain]

Dawg $zec is trading like Russia is about to go move their treasury into it Lmaoo

[threadguy @notthreadguy]

i know relative strength is a meme but the zcash outperformance is legitimately a sight to behold

[Freetwain (💙,🧡) @freetwain]

The only thing I have faith in right now is $zec

[Barry Silbert @BarrySilbert]

FUN FACT: Today, Zcash is $274.

[Vini B |「 thecoding 」 @vinibarbosabr]

4.91M ZEC are now shielded,
crossing the 30% shielded percentage mark for the first time

This means that people acquiring Zcash in the past weeks are doing it with privacy, tech, and utility in mind, not just speculation

This also means a lower ZEC supply on most exchanges

[zooko🛡🦓🦓🦓 ⓩ @zooko]

Alllmost there!!

https://t.co/lR3aH3ZwdD

[sacha @sacha]

this is what you call missing the forest for the trees

you've got to assume that any transparent address on any chain you've used will be deanonymized by an ai at some point

so going from a transparent address on a CEX to a shielded address on zcash (via another transparent address) is equivalent to going from an ethereum /solana/bitcoin address to a shielded zcash address

once you're in the shielded pool there is no information leakage past that point (it doesn't matter where your funds originally came from)

no one can see what you've chosen to do with those funds without your consent

this has strong parallels with gold fwiw. approx 22% of gold is stored as numbered (non fungible) bars in vaults. but you can reset provenance (in a sense shield it) by turning that gold into another form (recasting, jewelry, etc) -- unnumbered gold coins already preserve this property by default to a certain extent

gold's ability to be free from connections in this way is one reason why dalio thinks it is a more appealing sov than btc long term. its ability to be stored in a non-private / non-fungible way (e.g in vaults) doesn't detract from that, it just gives it broader appeal

[Freetwain (💙,🧡) @freetwain]

@youdoubro 0.35 $ZEC away from 3 🙏

[Jonny @jonnyjpgs]

Over 30% of all $ZEC are now shielded!

Absolutely bananas

[Rothbard 🛡 @PrivacyGod]

We did it mad lad. Next step 40%