THE RISE AND FALL OF PRIVACY COINS MAKES SENSE 🧠🔐
WHY YOU SHOULD STAY AWAY FROM THEM
Coins as solid as $XMR are being manipulated like it's a $BEAT 😑
Currently, we saw one of the most parabolic and uncontrolled rises I’ve ever seen in XMR #Monero , and that includes the time it reached $800. On the flip side, we also witnessed a literal freefall of $ZEC .
The good news is that there's a straightforward explanation, and it's much simpler than you might think. In the case of #zec , it's due to a bug in the project and its network that allowed the unlimited fake creation of that token, making it lack institutional trust or, better put, making it impossible to determine if any of those counterfeit tokens were in circulation or if they were never used at all.
And in the case of #Monero , the constant delistings of that coin on different exchanges over time have reached a point where practically everything is at #Binance , showing that its volume is concentrated almost entirely here.
What does this mean? An investment of 20M or 40M can now literally move #XMR at will, making it practically unpredictable. Just yesterday, I took a significant loss, one of the strongest I’ve had in these weeks, because the rise was so manipulated that it was impossible to hold on and make my exit less painful before it sought my liquidation (which it did, so despite the loss, I managed to exit with most of my capital).
Both coins had and still have interesting projects for investment, especially #XMR , which is better than #zec in terms of long-term structure since XMR is much older and more reliable than zec. But nowadays, I can say with a lot of certainty that both coins have real structural issues and completely different problems.
This shows that getting into these coins right now is a total risk to your capital, trust me 🤣
WHY YOU SHOULD STAY AWAY FROM THEM
Coins as solid as $XMR are being manipulated like it's a $BEAT 😑
Currently, we saw one of the most parabolic and uncontrolled rises I’ve ever seen in XMR #Monero , and that includes the time it reached $800. On the flip side, we also witnessed a literal freefall of $ZEC .
The good news is that there's a straightforward explanation, and it's much simpler than you might think. In the case of #zec , it's due to a bug in the project and its network that allowed the unlimited fake creation of that token, making it lack institutional trust or, better put, making it impossible to determine if any of those counterfeit tokens were in circulation or if they were never used at all.
And in the case of #Monero , the constant delistings of that coin on different exchanges over time have reached a point where practically everything is at #Binance , showing that its volume is concentrated almost entirely here.
What does this mean? An investment of 20M or 40M can now literally move #XMR at will, making it practically unpredictable. Just yesterday, I took a significant loss, one of the strongest I’ve had in these weeks, because the rise was so manipulated that it was impossible to hold on and make my exit less painful before it sought my liquidation (which it did, so despite the loss, I managed to exit with most of my capital).
Both coins had and still have interesting projects for investment, especially #XMR , which is better than #zec in terms of long-term structure since XMR is much older and more reliable than zec. But nowadays, I can say with a lot of certainty that both coins have real structural issues and completely different problems.
This shows that getting into these coins right now is a total risk to your capital, trust me 🤣
