【At the end of 2017, I went through exactly the same thing】
Back then, ICOs collapsed across the board. Everyone was running for the exits, and the market was filled with despair. But those who truly understood blockchain started taking a closer look at projects.
Honestly, the situation with ZEC now has a bit of that same feel.
The price has fallen nearly 70% from its all-time high, and money is still flowing out—this isn’t made-up data; it’s really happening. CoinDesk just reported that investors are indeed pulling money out of ZEC.
But here’s the question: why are they pulling out?
There are two completely different ways to read this. The first is that the market is deleveraging and systemic risk is kicking in, so everyone has to sell. If that’s the case, money could come back once sentiment stabilizes.
The second is that the privacy-coin sector itself is being abandoned. Regulatory pressure is growing, and more and more people think that “privacy coins have no future.” If that’s the case, what’s falling isn’t just ZEC’s price—it’s the market’s faith in it.
Which interpretation is closer to the truth? I lean toward the first. ZEC’s technology hasn’t fallen apart, the team is still working, and the need for private transactions hasn’t gone away. It’s just that nobody cares about any of that right now; all they see is the price dropping.
Isn’t this just like the end of 2018? Everyone thought it was over, but the teams that were actually building were still writing code.
So, practically speaking—should you get in now? There’s no definitive answer. But here’s one way to judge: if the team is still developing as usual, then the project may be getting unfairly punished; if development has stopped, then buying the dip is like trying to catch a falling knife.
Is ZEC worth betting on? I don’t know. But I do know one thing: the privacy sector won’t disappear. At some point, people will suddenly remember it again.
By then, it’ll be too late to get in.
Do you think privacy coins can make a comeback?
Back then, ICOs collapsed across the board. Everyone was running for the exits, and the market was filled with despair. But those who truly understood blockchain started taking a closer look at projects.
Honestly, the situation with ZEC now has a bit of that same feel.
The price has fallen nearly 70% from its all-time high, and money is still flowing out—this isn’t made-up data; it’s really happening. CoinDesk just reported that investors are indeed pulling money out of ZEC.
But here’s the question: why are they pulling out?
There are two completely different ways to read this. The first is that the market is deleveraging and systemic risk is kicking in, so everyone has to sell. If that’s the case, money could come back once sentiment stabilizes.
The second is that the privacy-coin sector itself is being abandoned. Regulatory pressure is growing, and more and more people think that “privacy coins have no future.” If that’s the case, what’s falling isn’t just ZEC’s price—it’s the market’s faith in it.
Which interpretation is closer to the truth? I lean toward the first. ZEC’s technology hasn’t fallen apart, the team is still working, and the need for private transactions hasn’t gone away. It’s just that nobody cares about any of that right now; all they see is the price dropping.
Isn’t this just like the end of 2018? Everyone thought it was over, but the teams that were actually building were still writing code.
So, practically speaking—should you get in now? There’s no definitive answer. But here’s one way to judge: if the team is still developing as usual, then the project may be getting unfairly punished; if development has stopped, then buying the dip is like trying to catch a falling knife.
Is ZEC worth betting on? I don’t know. But I do know one thing: the privacy sector won’t disappear. At some point, people will suddenly remember it again.
By then, it’ll be too late to get in.
Do you think privacy coins can make a comeback?