Keeping the assets diversified is also essential to protect Zcash itself. I think having BTC, ETH, ZEC and USD in the portfolio is best.
Diversified assets -particularly speaking, volatile crypto assets- is not the business of the ZF/ZCG or the ECC.
They are Non-Profit organizations, Not Hedge Funds!
This is why we are discussing and critiquing why these organizations are continuing to liquidate ZEC near all time lows, which hurts ZEC holders, hurts the Zcash brand, and creates negative optics, all while they continue to diamond hand other altcoin holdings
It just looks bad at this point in the market cycle. And as Iâve already acknowledged, the ideal outcome seems to be hedging out altcoins into a blend of ZEC and USD. If the CFA determines that blend should be 90-10 then so be it.
Liquidating ZEC while holding competitor altcoins feels like this:
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The liquidation of ZEC by ZF/ZCG and/or the ECC clearly damages ZEC holders. Does anyone disagree with this statement?
Like I said in my last post in the âRadical To The Moonâ thread, Iâm âall in on ZECâ and yet I worry the end could be nearer than we all believe as Zcash continues to plummet relative to competing projects. Thereâs a bull market in front of us and we continue to flounder. What will stop this if the very organizations supporting Zcash continue to liquidate their holdings?
Humbly, I ask everyone on this forum: arenât you terrified that all of this great technology will be utilized by competing projects with ZEC holders left holding the bag? It would be a Shakespearean tragedy if Monero ended up adopting Zcash technology and becoming the de facto privacy coin option.
As a loyal ZEC holder, I find myself consummately frustrated and worried.
Peace 
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I mean, itâs never a good sign when Grayscale deletes their âZcash Investment Thesisâ.
h/t to the random X user who discovered it:
Zcash has what, in my opinion, is an IRREVERSIBLE reputational damage among the crypto masses, who see the project as a blatant scam coin at worst, and as a blatant honey pot for founders and cronies at best.
And could anyone really blame them?
At this stage, my main hope for this community is that you stop losing money. People have been extracting value from you systematically, several times in extremely obvious ways, and it is probably time to put collective egos aside and accept the fact that the main use case for Zcash has been to enrich a number of not very nice people (even if they are extremely focused on âpretending to be niceâ).
Better to stop this massacre sooner than later.
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As a long-time community member (Nov. 2016),I think there is where I strongly disagree with you. To imply Zcash is run by âcroniesâ and ânot very nice peopleâ is wrong. I believe that those at ZF/ZCG and ECC (especially Zooko) deeply care about Zcash and many have dedicated their professional lives to this project. For that reason, I have high respect for them.
My comments (while meant to express some frustration with the current state of the project and the continuing struggle to create a âbuyers marketâ for ZEC) are always provided in a context of âhow can we make this project more successfulâ and âwhat can we do better as a communityâ.
To those at ZF/ZCG and ECC, I am rooting for you each and every day. I hope we can make the appropriate pivots to ensure long-term success and viability of Zcash. I stand by my belief that Zcash could be a generational trade so keep buildingâŚ
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I too, would care about a project (slightly), that was paying me tons of money. But only enough to keep the money coming into my wallet.
They may care, but they are incredibly underqualified to launch a product for mass adoption (as evidenced).
Again: Professor Coin 
Zcash is the posterchild for over promising and under delivering.
Maybe some of them could work at a real startup with true timelines that have a consequence if they donât deliver on time. But I digress (slightly).
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You always ask great questions and I know you care deeply for this project too. Thanks PKR.
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The concept is what resonates with me. I wish the team could execute more efficiently. Itâs a shame Balaji or similar has not been more involved (especially since he was a seed investor).
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ZF should put their Bitcoin and ETH up for sale in limit orders to increase USD balances and support the price of ZEC. Selling ZEC at market should be a last resort for meeting USD obligations. Believe in the product, use it, hold it.
Putting some of the BTC and ETH up for sale for dollars would be smart. Use those assets instead of selling ZEC.
Putting some of the BTC and ETH up for sale as ZEC buy walls would be helpful to support the price and lessen downward pressure. ~$2,000,000 (?) worth of ETH and BTC is not nothing. A $500,000 buy wall at -5% and a $1,500,000 buy wall at -10% would signal strength in the market and prevent the price of ZEC from crashing. It would also provide liquidity for normal users who use ZEC and need to âcash outâ for any reason, making it a more attractive option for transferring funds.
Buy low and sell high. I think there is definitely room to support and stabilize the price of ZEC with these holdings. Sell ZEC in limit orders when it goes up. Buy ZEC in limit orders when it goes down. This could prevent flash crashes and limit irrational pumps and ultimately help move the price steadily up and dampen volatility. Using the BTC and ETH to prevent the liquidation of ZEC at historically low prices is a good idea.
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Amen to this.
This succinctly captures my opinion.
The ZF behavior of diamond handing BTC and ETH while liquidating their ZEC near all time lows is an injustice to their cause, an injustice to Zcash advocates around the world, and itâs an injustice to âPrivacyâ
Bitcoin and Ethereum are examples of how not to do Privacy, yet here we have the ZF⌠liquidating ZEC, while diamond handing a few million dollars of BTC and ETH.
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Isnât that what @Dodger basically did at various places like Credit Suisse?
35% ZEC, 10% BTC, 10% ETH, 10% VOO, 10% 3-month T-bills, 5% AMD, 5% AMZN, 5% DOCU, 5% VISA, 5% NYM. Remind me in 2 years to check how this portfolio would have done. /s
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It would also make sense to run the same exact allocation, but with XMR swapped for ZEC. Because if weâre being honest hypothetical hedge fund managers with an inclination to privacy based cryptocurrency, XMR would be regarded as the preferred R:R asset in the sector. Below is a wide view picture of the two assets (ZEC/XMR for reference today that is roughly $28.50/$172.00)
This idea assumes that ZF has no agency and is at the whim of larger forces. I think the idea of the OP here is that the future price of ZEC could be much different based on the actions of ZF. I agree with the idea in the OP. If ZF has determination and conviction to support ZEC, the price of ZEC could be much different in a year than if they act as a disinterested 3rd party investor.
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from q2 to q3 2023 it seems ZF sold bit over 1 BTC and it means it mostly - 90% of funds sold ZEC or $
i tink dis strategy need to change as BTC price keeps rising against ZEC
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Napkin math says approximately 11,000 ZEC liquidated at an average cost around $27 each. (Close to $300,000 total selling pressure in 3 months)
None of the ETH (11.89) were liquidated.
About 1.5 of nearly ~70 BTC were liquidated ($45,000) of about $3,000,000 total.
It also appears that about $1,000,000 of USD reserves were spent.
Iâm stumped about the logic (is there any logic?) in this behavior. Why is the Zcash Foundation burning down its ZEC, at the expense of ZEC investors, while diamond handing an odd $25,000 of ETH and almost $2,000,000 worth of BTC?
How is ZF âserving users of the Zcash protocol and blockchainâ
by liquidating the Zcash blockchainâs native currency unit, while simultaneously diamond handing almost $3,000,000 worth of competitor blockchain currencies?
The global ZEC investor base is probably fewer than 2,000 working people. It would be a load off of our backs if the Zcash Foundation could grant us some relief for a few months by taking the next $3,000,000 out of the Bitcoin investor base, rather than the Zcash investor base.
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Amen Brother. Like I said, I have been here since the beginning and this has been the most brutal accumulation and hold strategy of any investment of my career. I did not realize the core organizations were liquidating ZEC at the expense of its investors. Everything articulated above is right and correct. We need our core orgs to step up and help stop the downward pressure on the price of ZEC.
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Just to clarify what I would do. I wouldnât liquidate anything at market ever. Better fees with limits, better chance to get a bit of yield as a market maker. Put things up for sale at better-than-market prices. So, in the concrete case of 60 BTC to support the price of ZEC, I might place orders something like this:
Buy Price: 0.00064600 BTC, Amount: 0.59 BTC, ZEC: 906.64
Buy Price: 0.00062768 BTC, Amount: 0.67 BTC, ZEC: 1073.06
Buy Price: 0.00060988 BTC, Amount: 0.77 BTC, ZEC: 1270.03
Buy Price: 0.00059259 BTC, Amount: 0.89 BTC, ZEC: 1503.16
Buy Price: 0.00057579 BTC, Amount: 1.02 BTC, ZEC: 1779.08
Buy Price: 0.00055946 BTC, Amount: 1.18 BTC, ZEC: 2105.65
...
Buy Price: 0.00039615 BTC, Amount: 6.30 BTC, ZEC: 15910.10
Buy Price: 0.00038491 BTC, Amount: 7.25 BTC, ZEC: 18830.56
Buy Price: 0.00037400 BTC, Amount: 8.34 BTC, ZEC: 22287.12
This is abbreviated for space but it illustrates with concrete numbers. Bigger and bigger orders if the price comes down. With this spread, 60 BTC is up for sale for 138,000 ZEC. But, if the price goes all the way down to 0.00055, weâve sold ~5.13 BTC for ~8637 ZEC. We are free to reposition from 0.00055. Ultimately, if we fight tooth and nail to the bitter end, this 60 BTC could be stretched out to 1,000,000 ZEC or more. But, I think this kind of show of strength in the market would lessen the chance of a bitter end - thatâs the important thing here. Why is everyone always assuming there will be a bitter end? Why the long faces? Where is the optimism?! Zcash still has a lot going for it!
But, as you can see, I wouldnât exactly liquidate the BTC, I would just let the market know that we are rock-solid in our conviction and that they can buy with confidence knowing that weâre not going anywhere.
If you want to play around with the parameters, I got the little function I used from GPT4 on Free2Z:
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FYI, this is called a trade execution algo.