I think we will go down.
And not because I want that to happen, but in my opinion Ycash doensāt have a strong user case over other coins. Why should I use Ycash, when I have Zcash ?
The coin saw itās life because of 2 broken promisses ( only 1 was broken, the mining, the other is still going on, aka the funding ) As an Investor I canāt be bothered with one of them, let me explain, as an investor I want a safe and stabil chain, If thatās provided by Asics , GPU or CPU isnāt a concern for me, the only concern Iāll have is is that the chain is safe.
Just because it can be mined with commity hardware, will never be an reason to invest, it will only in the beginning give some small miners( 1 a 2 GPU miners ) a change to mine some coins, if the price stays stable it will draw in some bigger farms and the smaller ones are left with al most nothing. A scenario that apllies for most of the pow coins. ( not even talking about FPGAās that could mine the chain ) So people will once again leave, in 2017 and the beginning of 2018, people would have bought new GPU to compete once again, now that isnāt happening, the market and the space have changed to much to justify such an investment.
- So in my opinion just because it can be mined with letās say a GPU, doensāt mean the chain will be worth more, in this regard itās important to see how Hashpower will grow or decline over the next months. Also I keep an eye out for active wallets, since they are allmost allways active due to miners who transfer their income from the pool to wallets.
The funding of Zcash was another point for the start of Ycash.
It should be a broken promiss, but as far as I see, there is nothing broken yet ( time running out is something different )
As a investor I allways look at a few things, The team behind a coin, the usercase, the social hype around a coin.
In all the comments around Ycash, there was 1 question popping up again and again, how do I get my Ycash, how do I put my Zcash in a wallet and claim my Ycash.
It was in my opinion all money driven , not 1 question about where can we spend it, how will the chain evolve.
For me this was a dangerous start, I warned about Private Keys in this topic, several people did the same. And still people got burned ( this is not on the Ycash foundation, they did warn as well, but as a n00b, it was a tricky thing to do )
- As a investor I would have been in, in the beginning, just to take the first pump and dump, with all the Buzz surrounding Ycash that only is buzzing about how to claim and what the value will be, Itās in my opinion not a safe coin to invest in, because I donāt see whatās different from Zcash. ( You know whatās different, Zcash has a real power team of Devs, the reason I still think Zcash will survive and go up in the long run )
I personal made my money from Ycash different, I am ( as most know ) not a big fan of Ycash, not because of the person who started it, but because I feel it could harm my investment in Zcash.
So claiming Ycash , never was an option for me, I sold all my Zcash 2 days prior to the Fork and made more there , then when I would have claimed my Ycash. I anticipated a pump of Zec prior to the fork and a dump after that.
So @sonya for me it isnāt a safe investment, It would be as a quick money maker, but I am in for a longer run. When some people make a lot of money, it also means a lot of people lose money.
My prediction is that Ycash will not go above 10$ and soon will be fighting the 1 $ range, also the fact that BTC dominance is climbing is bad for alts. Alt season is far away in my opinion and to be honest, I doubt if we ever will get one like the last one.
