Zcash shot up 40% in a day. I’m just here for the show.
It’s not that I undervalue this coin; it’s just that this kind of movement isn’t for me. Once I’m in, I can’t hold on; I start to panic at a 20% gain, and in the end, it’s likely to be high buy, low sell.
Plus, think about it: Multicoin Capital only disclosed their heavy position before the pump started. Retail investors jumping in at that point are essentially just helping the institutions ride the wave. They’ll cash out at the top while you’re still holding the bag.
I’d rather wait for the market to chill before I make a move. Right now, with the daily swings of dozens of points, it’s just not my rhythm.
Sometimes the best trade is to do nothing at all, and I’ve paid a lot to truly understand that.
It’s not that I undervalue this coin; it’s just that this kind of movement isn’t for me. Once I’m in, I can’t hold on; I start to panic at a 20% gain, and in the end, it’s likely to be high buy, low sell.
Plus, think about it: Multicoin Capital only disclosed their heavy position before the pump started. Retail investors jumping in at that point are essentially just helping the institutions ride the wave. They’ll cash out at the top while you’re still holding the bag.
I’d rather wait for the market to chill before I make a move. Right now, with the daily swings of dozens of points, it’s just not my rhythm.
Sometimes the best trade is to do nothing at all, and I’ve paid a lot to truly understand that.