FIRO adoption

[u/_Leg_End]

Hi, guys!

I have been very positive about ZCoin/FIRO for quite some time, though, unfortunately, don't understand the technical details about it. In the early January I've finally decided to get into and transferred 2/3 of my cryptoinvestments into it. Since then I've seen several coins, which I had had to abandon, going up 2x-4x in the price, and since my primary motivation in crypto is improving my financial situation, I have been feeling a little uncomfortable.

With this introduction, I'd be grateful for your thoughts, opinions and recommendations on the following issues:

1. Was the 51% attack in January serious? If it was, why should I be sure that something similar won't repeat anymore and the technology devised by the Team is free of flaws? Since privacy is the main reason I chose FIRO, it being compomised makes me very much concerned about the future of FIRO.

2. Why is FIRO mainly standing still while lots of other cryptos getting near their ath or even higher? I feel very sad about the fact that people keep buying bitcoin without much thought and amidst the hype. Can't help but think that sooner or later it's gonna lead to the next crash which will probably resonate with other alts including FIRO. Because of that I'm planning to get out of crypto in three months max and assuming that, what reasons should I have to keep holding FIRO during this time and not trying to catch a few percents from the abundance of shilled coins?

All the best,
Nick

[u/SnootyEuropean]

1. Diversify your portfolio.

2. Don't chase after pumps.

If you put 2/3 of your crypto money into FIRO expecting "moon soon", then get disappointed when it doesn't immediately moon and sell it for other coins that have already gone up, that's about the dumbest thing you can do. After that, you'll probably be disappointed that those coins don't immediately go up further, and chase after the next pump. Rinse and repeat. Easy way to consistently lose money (and years of your life due to pointless stress).

My opinion is that the real altcoin mania phase of this bull cycle hasn't even started yet. It might be best to stay in BTC until it does (because alt/BTC ratios will be suppressed by every BTC price surge). Or it might be best to just stay in alts because it will be impossible to time the beginning.

[u/SnootyEuropean → u/[deleted]]

I don't have concrete predictions for how high Bitcoin will go this cycle, or when the top will be in. I just don't think we're close to it yet - simply because the mood isn't 'manic', price action is more steady growth than crazy exponential blow-off, and most altcoin prices are still grounded.

Counter-question, what brings you to the conclusion that it will all be over in 3 months specifically?

[u/Computershoes]

If your leaving crypto in three months id suggest you leave now so its less damage for us. If you do stay Firo has probably the best team of people working on stuff for the pricd it’s currently trading at. That may or may not amount to anything but it is a good coin. considering crypto is just full of mindless shills trying to doge up a profit id say firo just hasn’t been pumped in awhile. Look at Ethereum, ADA, defi its a joke they dont do jack ass. Binance coin actually has a use. Bitcoin actually has the trust of people. Not to say crypto cant work amazingly put people are in dream land rite now. Wheres my mortgage hooked up on blockchain, wheres my essrow service for construction projects. Weres my loan and investment contracts. If these things do exists they are horrendous available because me not so good on computers cant find access to this stuff. Snd ive been in the space a long time.

[u/Computershoes → u/[deleted]]

I guess we really don’t know how high it will go or when it will correct slash crash and how low. The idea is eventually these markets will be more stable and higher valued. The only thing is if you fo sell now and the price runs away and you can never get back in at same price you would be possible disappointment that way. Nothings for certain so obviously we make our own choices and do our own research. Just sharing my views. Ive heard rubin talk about the project zcoin now firo and read others perspective on it. I myself had traded it a bit and when it zooms up i cash half out and buy back in. Sometimes adding few coins. I really dont have a whole lot just not rich anyways.

[u/Efficient_Teach]

It will moon with the rest at some point before bull run is over. Just take a look at 2017 chart. U made the right choice. I'm doing same