Watch everyone lose their shit if $ZEC pulls back below $1,000.
It went from $400 to $1,700 in a matter of weeks.
Apparently that part is perfectly reasonable. But give some of it back and suddenly everyone needs to rethink their entire thesis on it.
At $1,000, it would still be up 150% from $400.
But nobody will say a word about that.
They’ll measure everything from $1,700 and talk about how much it’s lost.
We’ve watched it rally for weeks with very little reversion. A correction shouldn’t suddenly be some unimaginable event.
#SECHaltsCryptoETFReviewsAmidFundingLapse
#ZcashETFPostsFirstWeeklyOutflow$93.6M
#zec
It went from $400 to $1,700 in a matter of weeks.
Apparently that part is perfectly reasonable. But give some of it back and suddenly everyone needs to rethink their entire thesis on it.
At $1,000, it would still be up 150% from $400.
But nobody will say a word about that.
They’ll measure everything from $1,700 and talk about how much it’s lost.
We’ve watched it rally for weeks with very little reversion. A correction shouldn’t suddenly be some unimaginable event.
#SECHaltsCryptoETFReviewsAmidFundingLapse
#ZcashETFPostsFirstWeeklyOutflow$93.6M
#zec
