$ZEC Today, the liquidation has hit 1800. If he pulls it up another 25%, it would reach that point—extremely dangerous. He hedges a full 1x to liquidate the position up to 4000 and locks it in. After we get through the dangerous period, we’ll talk again. Now many institutions are buying in. We can’t treat this zec the way we used to—times have changed. Going short is the worst cost-performance action. Think back: about a year of trading, and the ones who lost the most were almost always the short positions. Going long is only bad if your position size is smaller than your principal. If you buy U.S. stocks or mainstream assets, as long as he doesn’t get liquidated, even in a black-swan extreme event where the price goes to zero, his maximum loss is only the total value of what he originally opened the position for.
