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@DefiIgnas

Early bull run and I already messed up my best trade opportunity: Bought ZEC at $50 but instead of holding I tried to trade and missed the last run up. Even with my small bet it would've been 17x But back then ZEC as much harder hold than now. Lyn Alden warned against $ZEC coordinated pump last year. Foundation had a 'civil war' and ZEC retraced 73% from Nov highs. Yet ZEC is close to a consensus CT hold. Doesn't feel like a coordinated pump anymore. ZEC is a perfect example of a mix of a memecoin's memetics and tech features that fit into current macro/political environment. I'd probably could say a moral of diamond hand HODLing but for 1 zec there are 100s of fails. Instead, study ZEC's growth as a caste study of how narrative emerges (post in the comments).

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In a twisted way X algo works, I ended up buying $ZEC. First I saw @mert mention he holds ZEC. I engaged with the post. Then the algo started feeding me more $ZEC content, especially from @ssaintleger who is a big bull. At the same time I was posting about privacy and zk tech like @payy_link. The algo connected the dots: Ignas likes privacy, crypto, zk → Ignas must like $ZEC. ZEC is a dinosaur coin from 2016 with confidential transactions as the main pitch. At $822M market cap it is a niche but small enough for upside. If I am seeing more ZEC posts, maybe others are too. That is how narratives start: a random post + the right environment. In this case: • US turning pro-crypto (while EU still cracks down on privacy coins) • BTC, ETH, SOL at ATHs and degens hunting what is next • Privacy being pushed by the Ethereum Foundation and new L1s like Tempo focusing on private transactions Even a dinosaur coin can have its day when the catalysts line up. And I feel like degen trading again. LFG.

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27 replies collected of 33 X reports
Ignas @DefiIgnas · 163K A

ZEC is a reminder to keep an open mind and focus on assets with reflexivity potential.

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teskor @teskorhub · D

@DefiIgnas Did the privacy narrative change, or just the liquidity?

AliSH @0xAliSHH · D

@DefiIgnas classic overtrading pain

Powerpei🦅 @PWenzhen76938 · 53K D

@DefiIgnas The pain of overtrading instead of holding is the oldest lesson in crypto ZEC's narrative shift this cycle is a literal masterclass

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AliSH @0xAliSHH · D

@DefiIgnas nothing ever rly dies in crypto

Average Joe @PenguinFrogTgt ·

@DefiIgnas you still have $RAIL

Lou @0xLouz · 25K D

@DefiIgnas ZEC made holding painful

KhaiDao @Khaikhaidao · D

@DefiIgnas zec at 50 was basically a coin flip between zero and a privacy trade nobody wanted to hold through the 2022 chop, lyn was right on the risk back then. the 17x only looks obvious after the fact, most people woulda dumped

AliSH @0xAliSHH · D

@DefiIgnas never expected a zec comeback tbh

Macro Bombastic @MacroBombastic · 11K D

@DefiIgnas I feel you man, overtrading is a brutal teacher

SKYLINE🥷 @Skylinee · 139K A

@DefiIgnas I sold a lot of ZEC at $100 to join an OTC round for low cap binance coin. The OTC round rugged, and ZEC went on to do an 8x. AMA.

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Crypto Maverick .edge🦭 ./ @Airdrop_Gen_Z ·

@DefiIgnas consensus CT hold still scares me

ALTF4 @0xALTF4 · 68K D

@DefiIgnas narrative compounds

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泰坦链 | DeFi @TiTan_Web3_ · D

@DefiIgnas ZEC at $50 was conviction tax, not an easy hold

Dani @dani_who_daniel ·

@DefiIgnas When the consensus is strong / universal … then the edge is somewhere else.

고조 체인 @GOJO_CHAIN · 11K D

@DefiIgnas ZEC at $50 looked like a civil war with a ticker, not a 17x

Eli5DeFi @Eli5defi · 48K B

I can relate to this. There’s a certain token that, if I had held it worth millions now, I would have traded almost half of it with the illusion of taking a profit to buy more. Additionally, I’m at a stage where I believe coordinated pump usually brings more liquidity, which I need to assess whether it’s sustainable in the short term or long term, like ZEC, where it became the consensus.

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ebum @xEbumx · B

@DefiIgnas don't worry ignas, many more opportunities to fuck it all up!

tochi @oxtochi · 69K A

@DefiIgnas got out after the mint bug fud that dumped it from 500 to 250 my biggest fumble ever

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ɱ @veksonpu · C

@DefiIgnas ....then i remember $zec already went from 5500$ to 27$ 😂😂😂😂

ebitdachick @ebitdachick ·

@DefiIgnas I bought mine because of the post you did abt the algo feeding it to your feed. I only got in at 190 but held on to mine 😂

CryptoNinjas @crypto_ninjas · 59K D

@DefiIgnas Hindsight is brutal with crypto gains. Holding through the volatility is always tougher than the chart makes it look.

Hedgex.eth @hedge__x · 15K

@DefiIgnas Zcash is a Bitcoin replacement

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Leuts.eth @A_Leutenegger · B

@DefiIgnas Got in 80 - 200. Sold 500-700. Rebought 300 (only a bit)... so i'm a bit more sidelined than I wanted. But can't complain.

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Cairdrops @asmaaa_099 · D

@DefiIgnas Missing that 17x is rough, but holding through the civil war proved resilience

☆ neue.eth 🐱☆ @neue_w · D

@DefiIgnas We still don't know if they were exploited btw.

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@DefiIgnas Same as you, went heavy on zec last year at $60. Position would be 7 figures by now. I still hold but trimmed heavy on the way up. Live and learn, profit is profit

2 replies whose parent comment X withheld

Eli5DeFi @Eli5defi · 48K B

@DefiIgnas Never check fomo feeds, loool

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Leuts.eth @A_Leutenegger · B

@DefiIgnas Then more sidelined than I'd like. But to take good profit, hard to complain. My biggest sideline ever is HL.

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