historical cycle drawdowns for btc
• 2013-2015: -86%
• 2017-2018: -84%
• 2021-2022: -77%
if we should translate that to current ath of $126k:
• 77% drop is $29k
• 84% drop is $20k ish
no point finding out what 86% drop could look like cos what’s the point of the max pain
besides im not expecting bitcoin to drop below 77% btw cos the drawdowns get less brutal each cycle
so a dropdown somewhere around 65-70% might be considered reasonable
that is: $38-$44k ish
im not ready for this bros
used the zodl app to buy my first zec
swapped right inside the app
> eth-usdc to zec
took a few minutes to arrive, best onboarding experience for me btw
Everyone keeps saying KOLs only shill $ZEC and never actually use it
So today I tried to use it, and I'm glad I sold:
1 - Found a guide easily, downloaded @zodl_app (a lot of people promoted it)
2 - Tried Near Intents to buy $ZEC in the wallet and it didn't work (5 different networks, changed slippage, nothing)
3 - Went to Near, swapped from Solana to $ZEC, then withdrawals didn't work
4 - Used a CEX, withdrew, waited 30 min, in wallet says I could deposit to shield wallet, unshielded $ZEC, but didn't work
So I deposited to public wallet, paid the fee, waited 10-15 min for it to shield 🛡️
5 - Tried cross pay, also didn't work multiple amounts, chains, assets
In short: tech is good, pure math beats hardware, but you can't even properly use it
The first and last time I touch it
And honestly, why not just buy Near? Near Intents everywhere and it's way cheaper
i understand selling bitcoin cos microstrategy is selling
but selling hyperliquid:native cos a paperhanded larp sold is a ngmi behavior, do better s0yboi