Students have made money on $ZEN and want to join again, asking me about a 2 billion market value, 50 times, 10 billion, can invest heavily and make a big profit, the key is that Grayscale is still buying!!!
I asked him a few questions and hope that fellow coin friends can think about it as well.
1. What percentage of Grayscale's total volume is being used to buy Zen?
They have 100 million and bought 10,000, while you went all in with 100,000. If they go to zero, it doesn't affect them, but you're done! Have you forgotten risk control awareness?
2. Have you analyzed the performance of other cryptocurrencies in the privacy track?
If it's compliant and legal, can the privacy track still develop? It might be quite difficult.
3. How has Zen performed before?
I've been observing Zen from the last bull market to the bear market, and now, I have also bought in; the overall trend has been a downward trend.
Therefore, I advised him to take his principal back and use the profits to gamble; if it can go 50 times, come here for tea with the teacher.
In fact, this is the risk point that many newcomers to the crypto world are most likely to make mistakes on. All analyses seem reasonable, but the underlying logic is completely misunderstood.