some thoughts on $zec
people been so adamant on shorting the only coin that has been running against the market for 2 weeks straight
when they could have shorted virtually anything else and won big
i think its vanity/pride kind of thing, u want to be the smart guy who sees through the hype and bet against the herd
but oftentimes there is a misunderstanding of the underlying reasons for a coin outperforming, usually there is narrative on ct but the real drivers of pumps are mostly known to a few insiders only. but there is always some reason why something leads
so you are essentially clueless of what is going on but betting that whatever it is, it will fail and you can also time it, that is not smart
sometimes there is signs like exorbitant volume and stalling momentum but even if you think this is the time to go short it to 0, its much better to short the betas/derivatives instead of the main
those are the coins that went up purely on chasing fomo without the fundamental driver the original coin has and will crater the hardest as soon as momentum slows
clearly zec pumps for a reason
dash, decred, zen, rail, aleo probably dont have the same fundamental behind
if you think its topped and have to short, dash looks juicier imo
im personally not touching it
thanks for coming to my ted talk

46.87K
15
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.

