Posteo

I read the panic news on Zcash ($ZEC) two days ago, did some quick research and I decided the price crash wasn't justified. I bought a big chunk of ZEC at $316. Price is now $418 and looks like it will go considerably higher. My target is around $486-$527 (pictured with gray rectangle). Why didn't I think the price crash was justified? • Zcash’s built-in "turnstile" mechanism verified no additional supply was created. • Bug was fixed and yet people were panicing *after* disclosure. Made no sense. • Protocol is MORE secure than before-- not less. • Furthermore, from a general news standpoint, I have observed that negative news, if not borne out in lasting technical failure, is almost always quickly rebounded from-- within days usually. Note that I will not be holding ZEC (or any altcoin) long-term right now due to the fact that we are in a crypto *bear* market. As such, it's just a short term trade for me. I'll likely sell within the next few weeks/month as BTC rallies in the short term, dragging alts up with it, as BTC often does.#ZECExploitCleared #NFPBlowout172K #BTCTreasuryRisk