I think that is a good time to sell zec, wait for correction and buy it again on lower price. Let swing again 
Anyway, it’s going to be interesting week.
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Before correction, by my oppinion, we can expect max 210usd (Highly optimistic price).
Time for correction - from this exact moment till 2 weeks ahead.
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I think, that there is not enaught power to climbing price over 220 (maybe not even over 200) for now … i am sceptical about it. We need more news about situation on the chinese market …
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This topic is temporarily closed for 4 hours due to a large number of community flags.
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This topic is temporarily closed for 4 hours due to a large number of community flags.
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I would be happy with Net HR dropping back to 250 
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Just a Quick Question as I want to know if its worth buying and selling with the amount I have without loosing to much in fees, or are you guys rolling around with 100’s of Zec that you trading or are we talking like in the 10’s?
Bakes
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Correct. Im agree with you.
Now i think we start to falling down a bit…
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that depands on the trade platform fees i use kraken nad trading zec to eur since iam a noob i started with 0.5 zecs to fund out how it works and act i found yout that 2 eur ask/bid differance is enaugh to cover the fees and even make few cents same goes for larger numbers of tokens and yes it is worth to trade even when you have 1 token because on rize/ drop you can almoust double it the most times
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So we going nowhere again 
Yesterday I joined on this powerledger ico
I highly recommend this, good idea, good team, also Australia’s first ICO.
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Publicity is on Verge right now. Zcash should’ve been the topic of privacy not Verge. That’s another factor why Zcash’s price isn’t really going anywhere right now.
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My opinion is that we are going in direction of final btc and zec accumulation. That will pull price down for a short time (10-20 days). After that, price will swing up till Q1 2018.
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how did y’all manage to get this thread shut-down twice yesterday?
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Final countdown till btc drops to, at first, 3500 usd. Zec will fallow to about 175 usd.
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This price drop seems to be scaring off miners. My output has been at it’s highest ever and I lost a card yesterday. If the output increases and the price drops then it will balance out in the end. I’m trying to get to 1 ZEC a day. Even if it drops to $50 I will still be ahead at that rate.
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Liked your Prediction on Free Rise, as the flow goes currently, we can make it out that, BTC will reach your said level for sure, even more than that 
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BTC - $3500 > $3000 > $2500
ZEC - $175 > $150 > $130
Zcash will form a double bottom soon at 140ish levels and rise up imo…the bull run begins in October as @kek and @TheSchramm have mentioned multiple times…
Don’t get trapped in these dead cat bounces/ resistance level tests…overall charts are still bearish…imo of course
Hope y’all have fiat/usdt ready…
We took off from earth in June but ran out of fuel mid way and are refuelling at the space station now…once the tanks are full next stop is mars…no stopping in between
$490 soon woot woot!!
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Get those cheap as ZECs while u can…regrets a bitch!
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Ps - just noticed we reached over a 1000 posts in this thread…the whales are gonna watch this thread closely now…
Sshhh 
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By my calculations you are doing about 55kh/s. Is that about accurate? My little “farm” is doing 7.4kh and I get ~4.2 Zec a month at that rate. I’m mining no matter what…my bet is for the long, long term. I’m happy to see others bail on mining, but I have not seen any change in yield over the past week absent the various fluctuations normally encountered.
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I was doing about 8.5kh until I lost a card last night. Turns out it’s a power supply issue. I have to replace both on the rig and RMA one and toss the other. I just keep expanding since I have the space in my basement. Problem is cooling in the summer is killing me. Waiting for winter to really make some ZEC since I live in the Midwest US. I do plan to hold long term and only sell to cover electric as needed. The weather will cool down and the price will go up. This is the same thing that happened in July.
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I think that that is impossible do 1ZEC per day with 8.5kHs rate as you wrote later …
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Totally agree.
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Very impossible. 1ZEC a day is my dream. Right now I’m achieving about .16 a day with my current setup. I have space and will be expanding to get there.
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I think that China is doing all this to manipulate the market. Governments do this all the time to in order to gain control of a large portion of something for cheap. Fear is always the best way to manipulate and gain control.
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I agree, so far. If China want to show the world that they are big players in crypto and to take good trading positions, they need to stop with FUD soon, because accumulation will flow to other side and neutralise all futher China’s influence.
I think that all going to be solved soon, with some small or minor regulations in China.
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Sorry for my missunderstanding, … I have read your sentence about ZEC yield wrong
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So you think that price can go up now?
I think that it is a bear trap…It can go up to 200-210 and then can fall down to 150 or deeper…
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Yes, thats my opinion. Price will fall.
But Bull are fighting strongly to try one more rise and break support line.
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Not sure if anyone else noticed but even in this fukd up bear market we have consistently been in top 12-13 volume wise…i consider this to be a good sign…all zec charts point towards a breakout but btc keeps dragging us down…patience will be rewarded here…
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When you pushing up, but some stronger force pulling you down and suddenly release you, what you get? Catapult!
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nice to see that net hash rate dropping to before august 25th level, but why ? something is wrong … why DASH going up without corelation of BTC and Zcash has no steam to go up too …
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Everything is fine with net hash. Lot of miners stopped they machines because of poor profitability right now. Also, diff dropped, which is good for us miners.
Dash (former Dark) is much older coin then Zcash, and less dependent on Bitcoin.
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This situation is good or bad, depending on your postion right now. For me, it is perfect situation. My farm is producing more because of decreased diff, and on exchanges i am on FIAT, when I sold my Zec for 195 usd. So, if trend changes and price go up, i will rebuy zec, if not - waiting for cheap Zec to buy. Anyway, win win.
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Yes u are right, for me as miner its good … now i am mining without selling of ZEC. I will continue to exchange half amount of mined ZEC to fiat after breaking 200Euro level.
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I shut my rigs down for 8 hours yesterday due to a heatwave that we are having. Will probably shut them down again. Don’t want to stress the AC plus pay the electric bill for running the AC. Next week will be in the 60s and I will be running full speed.
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no have zash coin
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I’m super happy because I had to shut my rigs down when it got over 100°F ,totally didn’t have to edit that from celcius. Now it’s in the 30-40°F and I was able to add some overclocking goodness. I’m currently about to get a couple of Radeon hd 7870’s for my rig. My power bill here is so cheap that anything is profitable. Even an r7 240 is profitable and that only gets 14 sol/s.
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First test 175$. Let see is it going to hold or we going to another test 150$.
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Hi all, I’m abit confused, because I bought Zcash with bitcoin, should I ignore the dollar price fall and just look at the bitcoin value of my Zcash which is going up? I’m new to this and bought 5 Zcash 4 days ago?
H
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if you’re long ZEC; you’re shorting dollar, and bitcoin. ZEC will beat dollar’s performance (pretty-close to a guarantee). much-more important to gain against BTC, imo.
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Then, dont trade. Go long.
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Price will go up no matter what when ZEC has an update that’s useful on the front end.
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Thanks all, and yes, I do want to go long.
But if I feel a dip is coming which normally happens before the weekend I could sell
When money is put back into bit coin I could ride bit coin as it is low just now back to $3650. I could then buy Zcash again on Monday morning after bit coin rise…
But I will just keep an eye out.
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Zcash Audit Finds No Serious Issues in Launch Ceremony Security
via Blockfolio: goo.gl/p95yia
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Maybe we need to start something like bet totalizator?))))
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1 Dash = 2 ZEC. Damn
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Soon it will be 1ZEC=3Dash…
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Damn, what’s up with that? Does dash have a way better adoption in useability or something? Are darknet markets accepting dash?
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Do they even exist?.
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Four top coins (BTC/BCH/LTC/DASH) are highly controlled by China, they have plenty of money to play this game.
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No doubt they always will exist in current form or another.
I was thinking that recent events (china fud, higher usd volumes) are starting to prove that china’s influence is starting to get more limited than before.
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may be we will see some surprise in few days … may be swaps from top coins to ZCASH
I think there is a lot of uncertainty in the direction of the BTC for the future and its advantage for ZCASH
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I was really pleasantly surprised that the ZEC/BTC price went up a bit, almost at 0.055 from under 0.05, good.
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may be we will see more
any fundamental news about this spike ?
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Nope…according to technical analysis it broke the triangle and hence the spike in price…however strong resistance at 200-205 levels…dont buy unless it crosses that or else u will be trapped…
Remember we are still controlled by btc price movements…cheers!
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I’m always wondering, do you make those pictures you post yourself?
Even though it is mostly negative, it makes me lol a bit.
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Indeed a good laugh… :))
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Good I can expand my mining operations.
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horseshoe posted - rally tyme!!
w00t \o/
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There is a log jam on Kraken that has been there since early in the week. 1500+ KEC. At Kraken’s current volume it probably won’t break it unless they cancel.
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Yeah, but it’s not only kraken out there, I’m also on bitfinex, they have 10x kraken volume, their app is superior to kraken’s, and orders are created on the first try:)
I still like kraken tho.
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It’s time. To the moon 
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ZEC going up while BTC is going down ! Cool 
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Have been waiting for a ZEC trend that bucked BTC/ETH for a while now. This is a welcome sight.
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I’m not so sure… I think it was a pump, and we go back to ~180.
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OR MAYBE:
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I think this trade needs a friend!
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Ugh. I thought the price was coming down. Did i miss the bottom to buy?
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Yeah, for sure. But gotta sell top and buy dip.
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Anyone kno why ZEC has been fighting the rest of the market so well today? I’m intrigued to see a sea of red numbers against our green one!
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I guess all the good publicity of past 2 weeks may have finally had some effect
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Positive discussions about ZCash out there in the crypto world only serve to increase adoption, use and the price of it. I know they are looking for a CMO, but the absence of one does not mean they should be so shy about generating interest out there.
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Maybe this will be a pleasant weekend. Strong movement.
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Hmm…volume has fallen down past couple of hrs by almost 10mill after peaking at around 53mill …imo this was a test pump…we held up pretty darn good and soon we will be on the moon…
Although we did improve in price/BTC, this was also partly due to our pump and the fact that btc was dropping…we still seem to be pegged with btc…soon this will end…the past 2 days were a good indication of that…
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so you think that this price rising will end and the price will go back down to below the 190$?
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not a test pump! test pump happened in the $400-450 range. everything after correction has been accumulation (natural growth)! next test pump will most likely have us in the $640 range.
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Even though I’m having a heat wave for the next few days, I’m cranking up the miners and having them run 24/7. I want to have plenty of ZEC on hand when we hit above $500 in the next few months.
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I have faith in ZCash and the ZCash team, I predict that we will see prices between $400-$500 by January 2018.
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Last call. BTC ABC correction started. Next target: BTC 3200$-3300$, ZEC 175$-180$. I’m going short. Sold my ZEC at 213$. It is still good entering position.
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Last call / correction started? What you are smoking Pikachu ?
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So there’s a huge rumour floating around that Bithumb is soon going to list either ZEC or QTUM…
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If ZEC goes onto Bithumb that’s +++ for bulls.
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More strong moves vs USD/ETH/BTC. Keep it coming.
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We may expect parity with ETH soon … and it will be big problem for us miners of zcash …
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it will be big problem for us miners of zcash??? Can you explain why??? i’m a zec minner too… Thanks
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One word…difficulty.
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My question to you guys is what do you want? Higher price? Lower difficulty? You can’t keep going back and forth.
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I would prefer a middle ground. If it stays at between $200 and $300 and the difficulty doesn’t change for a while, then it would be profitable for most miners. Some of us would just like to get an ROI on our mining rigs.
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I want the price on the moon!
Sold all my cards at big profits when diff spiked in july. Then used the money to get more ZEC at 180
Had been mining for 6 months and accumulated a lot of ZEC when mining was easy.
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Its not only about price of zcash, but if we hit much better profitability than ETH, you will see soon what i meant. Especially if eqhash algo it will be even better profitable with the AMD cards than ETHash …
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Difficulty 7,527,606.75783584 - f-f-f-f… Wha-a-a-t…? 
With price: $ 218.96. Not even close to $450, which we have already seen. Skyrocked - yeah, right But, not the price value…
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Do you know sb which pool has this adress ? Accounts - Zchain
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How the potencial war with North Korea will influence BTC ergo Zcash price?You reckon it will shoot sky high or quite contrary?
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side note - think hot war isn’t going to happen anymore. believe china has had enough. will get this solved peacefully.
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They receive the founders reward, so I think it is Zcash Co
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Yeah, you are right …
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I think ZEC will go the same route ETH went. Difficulty will skyrocket and the price will stay stable or decrease. It won’t be profitable to mine for several months and people will start to turn their rigs elsewhere.
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Guys how do you think 230 it is a cap or we will go higher today?
i think that today not … but during night (i am in EU) may eastern markets make new decision
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At the moment I am wondering about many traders here who were constantly saying that btc will drop to 2500 and zec to 100.
I would kindly suggest to 3 months traders (yes i have seen that in here) be patient and tell all of us their opinion using FACTS.
I am tired of posts like : “It will drop to 2500” or “it will drop to 100.”
We all of us invested on crypto so i believe that we are all open minded, we all like positive and negative news on our coin but telling that zec will fall or rise not explaining why etc is idiot in my opinion.
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I will not coment of your post - but look at title of this thread lets speculate
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but why is this adress in miners list ? that mine 9 blocks during last 24h ?
https://explorer.zcha.in/statistics/miners
founders starts mining with their own farm ? this is equal to cca 10 MH/s of power
231.44…go man, go! (though I’d prefer a few years of quiet so I can mine more and then a surge in value, something akin to the growth of Bitcoin’s price).
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No peace treaty has ever been signed so they are technically still at war. If North was attacked or pushed too far and responds by doing something crazy like shelling South with it’s artillery, at this point in time it would probably be start of a major conflict, something like WW-III, no doubt about that. Some sort of direct military confrontation between China and USA would become inevitable at this point, even nuclear exchange could happen on purpose or by accident. Markets would be in meltdown but that would be among least of our problems.
I’m not sure, but I expect the block explorer is not registering correctly
If you see total received coins on that address (35292.5 ZEC) in 14117 transactions
That matches an exact average of 2.5 ZEC per transaction
So from this, I dare to say that the founders rewards are registered by the ‘miner distribution’ page.
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Kims nuttier than a fruit cake, the world knows it. Its like that crazy neighbor up the street, always working with torches and saws and flammables, likes to hunt, hes a lil creepy but the fact is that hes got way deeper issues, mainly his divorce ( from S. Korea) and paranoid of the neighborhood (the world). Now he’s old and cranky never comes outside, hates children. The problem is just going to have to take care of itself because nothing good will come from you going over and knocking on his door not a pie or a fruit salad, he hates everything
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lets go all sell bitcoin in zimbabwe 
Bitcoin Trading at 85% Premium in Zimbabwe - Priced at $7,200
even a government like zimbabwe could start tracing bitcoin transactions and connecting people with money changing.
As a seller of bitcoin, I’d be terrified of how quickly i could change the local currency into a more stable fiat.
Sounds like toooooo much risk.
what do you think of this？ https://www.reddit.com/r/CryptoCurrency/comments/72nq0t/honestly_zcash_lost_all_recognition_and/
Ouch. I don’t think Zooko’s comment is the problem - but instead the reputation hit Zcash has obviously taken because of that comment. From everyone I talk to in crypto outside of this forum, I get the feeling no one takes Zcash seriously.
I’m still hoping the future’s bright though.
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That’s really a problem Zooko has, this wasn’t the first time he said things that are dubious for the project’s goals. He can say he speaks on his own like happened in the past but he has to realize he’s representing something in some shape or form. You don’t see presidents saying the dollar is fragile.
Price is skyrocketing now.
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Dont dump your Zcash. We has already beaten Eth price it seem.
Wow, sat down just in time to see this. Anyone know what the push to buy is from?
Not sure, only rumors about bithumb adding it.
Dunno we might be one of the 111 from Bittrex? 111 Altcoins To Be Traded in Korea’s New Exchange As SK Passes China in Bitcoin Trading
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waaat is going on right now??
Interesting to watch…just had a look about 11-12% increase in the last hour…47% for the week
so where are you now Z haters? price is going up and makes my morning happier. HOLD IT PPL!
They are waiting for a 10-20% drop and will come back again…
yea sure, especially the one guy(don’t remember the name) who posts some dumb bear pictures saying its gonna drop to 50 $
what is causing this? no one knows?
don’t know exact details pal but one thing i know, it already passed ETH price…
Rumours of Bitthumb would be my guess.
be ready for big diff spike …takes some time to switch farm config, but it will happen soon
And what about price? How do you think?
Hello! I need you now with your ZEC 100$ posts
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I would like to answer you, but to be honest i do not know … may be some retrace to 250 level and than try of overcome 300 … but hard to say, i am not specialist…
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Looks like it’s been stabilising around 275, I think we just have to wait until the US wakes up to see what happens.
I think we will see 310 without seeing 250 again first.
But then again, this is just my noob analysis based on gut feeling.
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Looks like the fun is all over. Based on the volume that just changed hands, looks like someone wanted to buy about $3 million in ZEC. I would suspect a short term (24 hr) floor around 260-270.
3 milion is nothing compared to the total market cap growth, in the last 15 days zcash went from 320 milion sept 15 and is now at over 620 mil today. Those 3 mil are literally 1% of new capital (0.5% of total capital) so I wouldn’t be concerned of whoever is gambeling
My guts feeling about zcash:
I wouldn’t be amazed touching 500$ before december
I’m really think that ZEC need go to ~200 value to grow higher.
Here is little history…
Or it was in orange square already?
I’m not a specialist, just thinking…
I’m not a specialist too, but I think tt it depends mostly on what the hell is going on? What the actual reason causing such grow? I didnt manage to find any related information…what think?
This is the fuel on this fire:
Can’t wait to see how this plays out. What will happen when it is officially announced?
Yes looking good, the base of the zcash pillar is strong
People in Asia will start using Zcash as ways to skip goverment.
That is all the buzz.
kraken is down again
Not surprising. More exchanges need to adopt Zcash. You can’t really do anything with Kraken other than shift currency around and pay them fees. Also forget about getting fiat out of them if you are in the US.
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im in EU alredy tired several times it take about 3-5 days max with sepa
Soooo, all based only at some Korean guy? Bithumb already trade with monero. Zcash is stronger I believe, but any way, is that all?
if you read the whole topic:
He did share his sources, an to me it seems like there are clue’s in the code on the website and github pages of bithump.
What happens once this is confirmed? Buy the rumour sell the news? Price crash after confirmation?
Price will raise in case of confirmation and much more after adding in list for trading. I hope so…
OMG WTF! 281! I just checked everything during my morning coffee…good news!
Buy the rumour, buy the news, buy f**king seatbelts and let’s all rocket to the moon! Jokes aside, I’m keeping my zec for the loooong run! First year has been great, second year has even better promises
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You guys are very funny with your optmism, ZEC will go nowhere higher.
And what data and facts do you have to support your claim?
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His hopes and dreams in some other coin - 10 to 1 it’s Monero.
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I ask you the same because there is nothing behind these news, the adoption is the same. The only thing increasing is miners but those only increase because of greed not because they like the coin.
only time will tell
i prefer being over exagerated optimist than a simple minded nega nega bitc*
randomly made it up. this might be horseshoe’s new account.
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Seems like price will go around 270-280 untill official confirmation…
check-out the “zcash gets a mention” thread to find answers you’re looking for.
we’ve had weeks of good news piling-up. got rid of most weak hands. almost ready to leg-up! in the very near future; you’re going to wake-up one morning to see $400 ZEC.
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Should I sell some zec now to pay for my next electricity bill mid october, or do you think it will go higher on confirmation of Bitthumb news.
You’re the one coming on the forums to run your mouth about a sensational claim of this and that, and I am taking you to task on talking out of your ass. Why you’d challenge on my “claims” is bizarre, especially since I have not made any. I’ll infer from your immediate responses that you have no facts to support your earlier claims and conclude you’re here to make noise and offer nothing to our discussion.
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Greed is what motivates a lot of people. I mine with the dream of being able to quit my job and live off the gains. I have a keen foresight and know that in the long run Zcash will become a rival to Bitcoin. I only invest in things that I know are winners.
(not investment advice; just my opinion)
october is bullish, imo.
felt october was going to be bullish before any of the bitthumb rumors!
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this is still pretty-much valid (corrected further than i had anticipated)
interesting thing in this is the end “$450 did not get violently rejected”
that was a test pump. second attempt at $450 didn’t get violently rejected either… we fell with BTC.
this tells me $450 is well within our range, and test pumps @ those levels will prolly land us in the $640 range.
side note - if the bitthumb news pans-out… really huge news! prolly don’t need to tell anybody here, but all new streams of liquidity will do amazing things for our exchange-rate.
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Or if other coins see huge outflows due to a technical issue, bugs, or perceived risk shifts.
I’d honestly like to see BCC and Dash fall flat
https://www.reddit.com/r/CryptoCurrency/comments/72rd2h/darknet_market_vendor_oxymonster_busted_through/ interesting read, and comments are interesting too… also, i hate opioids (ruined too many people i know), and believe people that sell poison deserve what they get when caught.
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sold 1k zcash on margin at 72000, still holding 3k zcash spot.
Will enter again with 1k on margin at 6256 on the pullback , then ride this baby up to 0.01050, thats about 400 usd in fiat value
it’s easy to be a salesman when your product is addictive. It’s not easy to sell illegal things internationally with poor opsec and expect to stay free.
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Here’s what’s different about the current rally… in almost all other recent volatility, BTC seemed to be leading the activity (or it was simultaneous across all coins). In this situation, ZEC clearly caused the market to move (note timing of about 0330 on 9/27). Most others didn’t even start moving for several hours. This definitely was a ZEC driven event…but what was it?
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Which exchange do you use to trade Zcash on margin? Appears risky to trade such a volatile asset on margin.
Yeah margin trading is a little lacking cryptopia has pretty low volume and altcoin markets if you don’t trust the SAT or if you don’t want to have to pay the incredible fees to move BTC ridiculous
1/5 of the market cap in volume in under 24H is huge.
Great observation, I hope or I like to think at least that maybe somebody did some research and realized that the price was kind of a joke for what zcash is and now stand to make quite a bit of money later on, Maybe speculation against Byzantine although eferium (lisp) did climb a little bit, the difficulty bomb is approaching soon probably turns a lot of miners off to the whole idea, maybe people listening to what Jordan Belfort and Jamie dimon said and knowing their complete Liars (after he said Bitcoin was a fraud, JPMorgan bought at a LOT of Bitcoin) news about China Ico ban probably ending after the Communist election an oxymoron if I ever heard one, October 29th is cryptocurrency day want profits looking good, a butterfly flaps its wings in Peking, who knows
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I mean the volume on cryptopia, only 553K versus bittrex 19.9M
sorry, my comment was unrelated to the margin topic. just saying that this is the largest volume traded in a day on zcash like… ever.
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What do you mean? JP Morgan pump saw higher volumes.
You’re right. that was aorund 160M usd, this so far is around 90m usd. Still… very high!
Now this is a rocket ship.
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the morning is good the night has been terrible
idk whats going on with zcash currently but i like it
It is Bithumb, news broke that they are going to trade ZEC soon. Meanwhile $300! Zcash Price in USD: ZEC Live Price Chart & News | CoinGecko
Where is the source for this?
Nows the time when my friends will call all excited and jump in and then it crashes 30% on them and they sell making a lose instead of riding it out
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Source from https://www.bithumb.com/event/e20170923_ZEC_open?v=pc
Price moving too fast $360 now Zcash Price in USD: ZEC Live Price Chart & News | CoinGecko
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what is it caused? Who buy ? Maybe 500 dol
guess it could be 500 party time guys
I not going sleep Sale or no 
these 2 mornings of my life was special,yesterday morning it was almost 300$ and now it is 380$. Zcash is the champ!
Im upset a little bit, sold zec earlier and thinking that we go to touch bottom. Now I will have good practice. No I was not lose my money’s, I’m in profit, but I can take much more as I know and understand only now… I think it is not last time we pumps, so in next time I’ll be ready. Now need to don’t lose a bottom.
I sale my first zcash 0.097 BTC I happy now ok going sleep
Wow, let’s keep it going!
Wow…it took off the same time as it did last night. It’s either Eastern Europeans when they are starting their day or it’s East Asians around mid-day.
Either way, I don’t know that this kind of growth is good for ZEC. We have proven support over the last couple months but the lack of resistance in price-hike when an obvious power-buyer makes a move on the market is concerning. It means we don’t have enough day-to-day volume to correct for movement like that (too many hodl’ers, not enough users). That means we can drop just as easily if one of these power players decides to unload (just like what happened to ETH a couple times in the last 9 months). That is dangerous for us as it can undermine confidence in the currency.
Honestly I felt safe and secure as long as ETH was higher than ZEC.
I’m excited for the ride and the gains, but don’t be upset when it corrects and the difficulty doesn’t go back down. Rapid gains like this are usually not a good thing.
Let me clarify…rapid gains like this are usually not a good thing for those of us in ZEC for the long game. Obviously it’s pleasant for short term returns but I am always concerned about how what happens today will impact things in 2018.
I like $500 by end of December, I don’t like $500 by end of September.
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Excuse me for my ignorance but… how does the price rising affect the difficulty? Thanks.
Higher price entices miners to either start or move over from other currencies. The more miners in, the higher the difficulty climbs, we have seen historically that it doesn’t really drop when the price cools off. Meaning those who jump in are less likely to jump back out. There were a lot of “the sky is falling” people about the difficulty when price jumped in June and again in August.
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More miners shift to ZEC. They won’t all shift out of it on a drop as they expect it to return in value.
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Which site is that? I like the minimalism.
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Spot on!
Didn’t expect it so fast. woke up like this today
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I’m happy with ZEC but have same ideas, this could be fast pump and dump, slow increase stability is much trustworthy.
as i said, ZCASH is in my eyes curency with the morest clear development direction than the BTC … we swill see more in next month … be ready
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Good for my mined earnings… but despite this huge pump my estimating daily mining earnings has stayed constant. I assume a lot of people mining ETH switched over to ZEC thus the rise in difficulty. I can’t imagine AMD cards being very competitive at this difficulty for ZEC unless power is very cheap. Would have been better to see ZEC rise steadily instead of 60% in 24 hours…
you are right as i said previosly
sell the news!
So whats now? Time to buy?
it is still falling. would wait
Yeap, but I see resistance at the moment @~300$, will it go deeper?
This might be labor day weekend all over again. We saw it go up to $300 and then drop rapidly below $200. I’m thinking someone is doing the classic pump and dump right now. A smart person would watch and wait before shifting their mining operations over to Zcash. It might not be profitable in the next week.
you guys are way too pessimistic, imo. this is normal early AM EST weakness. happens everyday, can set your watch to it. actually believe we’ll defeat $300 fairly quickly.
that gut feeling was confirmed in my view. hold tight, might have some loose chips to rid ourselves of. also good morning!
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Get over it, it’s over. Big miners wanted to sell some of their coins, that was all. Open the chart and you’ll see right there what’s going on.
okay 2 day old account. check my track record. you should sell everything, good luck!
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No, I won’t sell now, that would be silly because the price will go up again in a few months after the big miners acumulate again.
if your account was older, i’d offer you a bet on that… but for now, you’ll just have to watch the magic happen.
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I can’t wait for pictures with panda’s!
@AL888 It would make my day!
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On his behalf…
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The price I’m seeing is excellent right now. It’s the highest I’ve ever seen it and I’ve only been in the game since July. I’m just looking at past trends. You are right and some loose chips will fall and everything will even out eventually.
To sound like a broken record, I just want to get the ROI on my mining equipment.
BTW I haven’t seen the panda. Is he hibernating because the price is too high?
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The price will go down to 0.05 BTC again and repeat the pump process aftwards. It’s not possible to tell when it’s going to pump again but I believe it will take a few months.
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How do you think the price will change leading up to and after trading begins on Bithumb? If it follows a similar pattern to Monero, it will go up a lot more then dump after it hits the exchange.
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there will prolly be “sell the news” types, but all new streams of liquidity’s great for zcash. ZEC’s following a normal market cycle (we’re nearing the end of accumulation, and entering recovery. october is bullish, imo) side note - has bitthumb been confirmed?
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Zcash was listed on it at 18:00 KST. Around 4 hours ago. Coinlink, another korean exchange will list Zcash tomorrow.
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huge news!
amazing - made it to the front page of r/ cryptocurrency, and there’s not a bunch of lousy XMR comments!
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Positive news for ZCash. Other cryptos which were added to Bithumb enjoyed a nice increase in value.
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Hi there!
I’m new, but I’ve followed this thread every day since june.
So you don’t know me but I know you 
I finished my registration to let you know:
Bithumb listing is definitly confirmed.
But its not listed. The deposit adress was implemented today, zec get listed on 1st of octobre
You can read this here:
https://www.bithumb.com/event/e20170923_ZEC_open?v=pc
Sorry for my bad english.
Have a nice day guys
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Looks like the miners are all jumping on board now that the news is spreading like wildfire. Difficulty has shot up in the last couple of hours on flypool. I was doing 520 shares at 3:45 CDT this morning. Now I’m at 296 with the same hash rate. Not good if you ask me. Checked all my rigs and I am running at full speed. Just need to wait it out I guess and see.
I’m hoping the price hike along with the difficulty hike will scare off the miners and even things out in the next few days.
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Damn, according to FlyPool’s stats, the network hash rate went up 30+ million “average” hash rate over night. Went to bed with rate at 350 million, now at 380+. Less than 2 weeks ago we were hovering at 280ish. And my accepted shares dropped by 40%. Sad day for the small miner who had hoped to get a few more ZEC before "going to the moon:.
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well difficulty jumped almost on 9 million but then dropped to 6 M afterwords
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This.
I don’t really know if this situation is going to change in middle-term, but if it goes a lot harder… pf
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do you see also on flypool that your statistics load more frequently? as for me i has been getting status (shares) updates every aprox 15-20 min now it is like 8-10 causing to show less shares but showing them at twice speed
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Between 0345 CDT and 0437CDT I had no accepted shares. Now my shares are being accepted in less than 10 minutes at a lower rate. My rigs are running full steam. As long as my immature balance doesn’t fall for the moment I will be good. I had an issue with one my rigs yesterday and now I have to wait 48 hours for my stats on Flypool to even out. Bad thing is I have to replace the power supply on the rig that went down yesterday. So I won’t know if mining is even worth it until the weekend.
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what you mean with “went down” ?
just one experience of mine , had one gpu crashing(miner and driver as well), causing system to restart /freezes the cause has been the risers usb cable (replaced the riser as well)
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My rig went down because of the power supply. I have cheap Raidmax power supplies and have been slowly replacing them with Thermaltake power supplies. My final rig will be replaced tonight. At this point I’m running full steam and not making any head ways. I was doing around 600 shares last night. Now I’m doing half that. On top of that I have one more card on the way and one at the manufacturer for a warranty replacement.
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@garcher @koso16 I started a thread in Mining to talk about a similar anomaly with share production.
Did that 50% spike in difficulty destabilize something? I could see a temporary decrease in shares produced due to a spike, but it doesn’t seem to me that there’s a clear explanation for the seemingly sustained share production drop of this magnitude.
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What is it called? I would like to see how others are weighing in.
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I mine on flypool and also see that the updates are coming faster. I think this explains why the shares are lower. My Estimated Earnings under the “Payouts/Rounds” tab are still about the same as expected.
Back OT: I am encouraged by the Bithumb news
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Good point that I dont buy by 300+ in this panic.
At the moment we returned to point that was when I went to bed.
So it was 295, now it is 300-305. Good that I’m miner and I sold some last coins by 394. Now at this point I will rebuy a little bit more, but still waiting to drop lower. Probably 250… @kek, please, tell us your mind about it again, I want to read your answers about that situation every hour (if it is possible) as I said before, you always give a good advices or “food for the mind”.
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Hello to all friends from Turkey. Finally after mounths ZEC’s price moved up. Some people thinks that this is a pump/dump operation, acording to the others it’s an answer for a good news (Bithumb). Of course there are different ideas about it. Is this a natural increase or an unlikely pump/dump, I have no idea at all. I’m a miner of ZEC. And I collect ZEC happly. I keep going to mine it in future. But what will happen now. I sold some of my ZECs for 0,1 BTC. And I bought it again for 0,075. Now it’s 0,072 on Bittrex. Did I make wrong
I’m not sure. Would you tell me your oppinions please. Regards,
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“In order to provide a more efficient mining experience we have increased the default share difficult on the #Zcash pool to 16000”
Thats why shares are now 2 times less
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went up after mounts ? where has you been last 3 months ?
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The first chart shows actual hash rate expressed as difficulty in blue over the past 3 days, but based on a 30 block average, and shifted back 15 blocks so that it shows actual hashrate at that time (it uses hindsight to determine what the hashrate was). The red is the regular difficulty, which you can see takes about 50 blocks to respond to increases in hashrate. It’s smoother and much slower to respond because Zcash’s tempered N=17 averaging makes it effectively an N=63 averaging period. 1 of the 30% increases was due to chance from sampling only N=30.
The second chart is a 6-hour average (N=144) over the past 30 days.
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If you ask me, there will be a second huge pump on saturday/sunday when zec get listed on bithumb.
Take a look on the monero chart at the end of august. There was a pump when listing was confirmed (22. august) and a second pump after monero get listed (26. august).
I don’t understand why zec has fallen back to 300usd, i expected a dump to 350 like monero does.
Second pump is coming for sure, so why should i sell at 300? This makes no sense to me…
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Dear Koso16 , I started to mine ZEC in lately June. When I started mine for it the price was 0,126. I did not see one more time this price, it decreased until yesterday. I have been watching by unhappyly for 2 mounths. Of course I’m newbee and 2 mounths sound like a long time for me. May be I have no enough experience and for this reason I panic for the price development. I’m confused a bit.
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Did the big increase in ZEC price that happened earlier this morning coincide with the Bithumb announcement? The push up to 400 or so started around 0200 EDT US this morning. What time was the Bithumb news?
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If you need to sell, now it’s the time, it will fall back to low 200s. This exchange addition nonsense doesn’t fool people who know how this market works.
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It coincided. Once the ZEC promotion page was posted, the rally was on.
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ZEC spent some time on par with ETH before this. Given ETH’s anti-satoshi attributes (undefined quantity, lack of simplicity, dependency on devs), and the importance of ZEC’s anonymity, I think par is a fair price, but I would not trade ZEC for ETH at any price.
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Yes, the first smaller pumps happened when the rumor of listing appeared.
This was the first evidence we had for the listing:
After it was officialy announced, the price went up to 400usd.
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no needs for the dear i am also a new in the zec game mining for aprox 4th month trading with eur on kraken and i see at start of september has been a rise to 265 eur then drop again to 120 eur so yeah it has rised also before but not that high as now…no offence meant…
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I think this upmove was almost planned, such a huge final upmove and then a 100% reversal is just not normal, i think alot of people got hurt when they fomo bought zcash.
I made decent penny, but was hoping for a dip so i could buy more, but the dip turned into a freefall, so looks like i will have to activate my superhuman bag holding skills again.
The dump, of such massive scale just seems manipulated and its not healthy
Does anyone of you have a idea how long we would need to bag hold this before it retesting 400+ area again ?
@kek Maybe you have some insight m8 ?
I am still holding 3k spot
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I think you could have pretty easily predicted this. Very few coins can sustain a 30% increase in a few hours and not have it come back down. Hopefully you were like me. I saw it hit $420, then started coming back down. At $394 ZEC and $306 ETH, I transferred the majority of my ZEC into ETH. and waited for it to drop. Transferred back into ZEC at $311 ZEC and $304 ETH.
Made a decent return with more ZEC to show for it. I probably could have waited for it to drop more, as I don’t believe it’s done dropping yet, but I made money regardless.
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I agree with the predictability. Zcash wasn’t very profitable in the markets for a long time. The price kept dropping. So when there was a huge spike in buying, the price went up of course. When it hit a certain point, people decided to sell to get some profit. That’s why it fell back down.
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I dont buy that story line, we all know that price does powerfull pullbacks, but 100% retracements are not normal, the entire thning makes no sense TA speaking.
Even profit taking does not explain this
Waiting for some more plausible explanation
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dump serves a specific purpose… to buy large quantities of ZEC MM will “buy the book” there’s no way around this. when MM moves the market like that, they will perform “stress tests” on a market to gauge true support, or to find how much dominance they have over a market. not saying this is definitely what happened, but that’s how it usually works.
it’s great way to lose weak hands, by buying them off on the upside, and tanking it to lose more. it’s an old move that will prolly never go out of style, because traders always fall for it.
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hey kek where do you feel will be the bottom of the dump ?
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Zcash’s Wild Ride: Prices Spike to $400, Fall to $300, But What’s Next?
via Blockfolio: goo.gl/p95yia
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hahaha we made it coindesk Zcash's Wild Ride: Prices Spike to $400, Fall to $300, But What's Next? - CoinDesk
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i was asleep when this happened… still analyzing the situation… really don’t feel comfortable with trying to publicly call a bottom, ATM. i do feel comfortable saying we’ll see $400 again, very soon. possibly by tomorrow, or tonight. this is new money (super bullish), and not sure how they trade yet…
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i totally understand you. I have been up all the night when i saw what has started happening went sleep at 7 AM after it has been clear its going to drop …but thx for the info, will take a close look during the night and tomorrow
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It happened with komodo when they had their big update a bit back.
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wow 400 that fast, well if it goes to 400 withing the next 1 month i will be happy LOL
Currently holding 3000 zcash, but made a stupid mistkae and bought support at 6810, and then zcash showed a pole up my ass LOL on a margin trade.
But i dont mind holding for a few weeks , if that is what it will take to bring it back to 400 area
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How much of that 3000 ZEC is on margin?
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the 3000 is spot
Margin is a separate trade all together
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If I had that much ZEC, I’d have at least as much in BTC, and if I had that much total, I wouldn’t be into margin trades. But I guess those margin trades helped get you there. If you don’t mind, head on over to cryptopia and drive HUSH up for me. It’s the best Zcash clone Currently headed up by radix42
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the spot zcash is something i have build over time, profits i make in other coins goes back into spot zcash.
The idea this time was, buy margin and maximize profits, that kinda backfired this time Usualy it works hehe
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If I had 3000 ZEC I wouldn’t give a foog whatsoevah!
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Where does 150 M H/s of equihash overnight come from? It does not appear like it was pulled out of other Equihash coins.
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probably ethash? 20char
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doh, yeah that’s right. I forgot about all those ETH people switching back and forth.
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finally, here’s a good article on this pump:
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What would really be nice is for ZCash to get onto Coinbase. What is the ZCash team doing to make this a reality?
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Poor eth miners switching to Zcash…
140 rigs 700 sol each rig…
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I wish they would. It would make trading ZCash for Fiat a lot easier.
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Oh man, been a roller-coaster of emotions these days… litearly
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So can anyone please explain why the Difficulty has gone up 2 million… this is ridiculous… I am now getting significantly less shares to show up(Obviously)… this is a spike that needs to be addressed NOW… the price goes to 315 and all of a sudden the coin is not able to be mined anymore… 4200 sol/s and I cant even pay the electricity cost for the coin at this difficulty level! ZCASH ADMINS HELP!
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let me guess u are on flypool us server
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its happening to EU server too
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nope at least for me i mine the same even a little more since the hash rate on eu went a little bit down
but the us server doubled the hashrate so people get around the half of the tokens their used to
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I don’t understand… is it not feasible to use us flypool anymore? I thought that even though the shares are lower u are getting them more often to supplement that lowering?
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There is no way you are experiencing MORE shares… the difficulty has gone up by over 2million in 24 hours… I have ran both eu1 and us1 flypool… they are actually both running very close to the same… I have 4200 Sol/s running… I am not getting the shares I should be… this is for certain! On neither pool! I would hope a ZCASH REP would speak about this subject!
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The difficulty level needs to be reset… and ASAP
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Give it time for things to even out. This difficulty is going to drive the miners to other altcoins. I would wait and see what happens after the news about Bithumb. When the price dropped into the 180s it scared off a lot of miners. I had a immature balance of .03 and now with the current difficulty I am at .02.
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thru not any more that has been in the morning during the share drop on EU now it is like before Zcash Flypool - Zcash (ZEC) mining pool if i would be in US i would switch the server US one is crazy
btw you realized that the stats changed and you geting the actual info every 8-10 min no 15-20 min like before due to this where has rate in graph decreased to half a lot of people compleined so now is the has,rate graph normalized to serv. diff 1000
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Guys I’m sorry about offtopic, but you all speaking about mining so I want to give 1 satoshi too…
Please, pay attention to my project here on our forum: [CMD] FarmWatchBot (Autorun/Watchdog) for Ewbf, Claymore, Dstm, CCminer, Bminer, Ethminer, CastXMR, Phoenix, T-Rex, Gmnr, NB
It is opensource and maybe you will be interested in it.
Welcome to test. In case of any problems I’m always here to help and support!
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I literally don’t understand what you’re saying.
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My Immature Balance is now HALF its usual amount! so Its really Messed Up Right now and needs to be fixed asap!
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The Difficulty Level needs to be dropped by AT LEAST 1.5 Million! ASAP
well that is ok because the speed when its going to be changed to unpaid balance has increased what cares if you in the end mine less then before i dont real care how it will be displayed until my earn wont go down but yes it is messed up and confusing as hell
I don’t think you understand the basic concepts of how proof of work block chains work. Lowering difficulty arbitrarily is not possible. The difficulty adjusts to the network hash power to maintain an average block time. Your temporarily lowering profits is actually correct, normal, and to be expected if you know anything about POW mining.
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Yes but this was an artificial (some would say some insider trading occurred) but this definitely is not a natural swing in Difficulty… so… if the difficulty has spiked this high… making GPU mining obsolete… then they need to switch to PoS and allow ASICS to take over! Because if 1080tis are not able to make a dent in the difficulty… then its a SERIOUS issue!
Just to help explain, the difficulty is not arbitrarily set. The ZEC team cannot help you. More people are mining ZEC and the difficulty has adjusted.
On the other hand, you would have to be paying through the nose for electricity for mining to be unprofitable right now.
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i hope that even the prize will drop at least for 3-4 days so the hash rate will decrease as it starts to be low profitable for someones
400 USD a month for electricity 4200 sol/s is only making 450 USD per month due to this Difficulty SPIKE
Please do some research. You’re off on a tangent demanding things that are nearly impossible and or don’t have any place here. First off, the Zcash team cannot just simply change difficulty on a whim. It’s not a switch that can be turned on or off or reset. Second, ZEC mining is inherently resistant to ASICS. If you want to mine with such devices, you’re in the wrong place.
Perhaps ZEC mining isn’t for you.
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It was your decision to mine with such high electricity costs. Your bad decisions are not anyone’s problem but your own.
Ah hell Joined 2 hours ago. IMO this is just a troll. flag his posts and move on.
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No one is trolling here… and the fact you took my comments so personally is a real clue as to your Personal Values and Respect for others and things they say! I never insulted anyone here… why is it acceptable for you to act like this? Look in the mirror kids, and learn to show a bit more respect than this nonsense you just spouted!
@RickGrimeZz What is your kW-hr cost such that you’re racking up a 400$ electricity bill for a mining rig that produces 4200 sol/s ? Perhaps if you elaborate on your setup, (GPUs, cooling methods employed) maybe we can help you optimize your setup a bit (if you want)…in the Mining section.
Please stop derailing the discussion in this thread with ignorant, self-absorbed, panic-derived posts. Zcash doesn’t live to serve you (or me, or anyone else).
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As opposed to your temper tantrum demanding things be done your way? That in itself is just as insulting. You’re the one who came here [insult deleted by moderator] about the difficulty and demanding things. This behavior is akin to coming into my house as a guest and barking orders at me. This is Zcash & Co’s house. Perhaps you should take your own advice and “show a bit more respect”.
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no one said this… you derived this out of thin air… I simply said it would fix the situation… is this not a thread for a topic… must I ask permission to state an opinion or even logical ideas? I mean jeesh… no one said it lives to serve you… or me or anyone… you put those words out there… not me!
I had a $400 dollar electric bill last month for 3 rigs running at about 7000 sol. That was because my air conditioner was running 12 hours a day to keep everything cool. Even if the difficulty doesn’t correct, I will still profit by not having to pay a gas bill and having a lower electric bill. Each rig consumes a few dollars a week. 1 ZEC a month at the current market rate is more than enough to cover those bills.
I see the price is starting to drop. Miners will start to follow in the next 48-72 hours.
understandable… I have a portable A/C cooling the room… blowing frigid air on the rigs… but its a small portable unit. a couple 10w clamp on fans … and thats it… but my rigs are all 1080tis and 1070s… they are a bit more on the power hungry side…
I’m mostly 1070s and a few 1080s. I have a mix of 1060s and one 1050 ti. My power usage on the rigs is minimal. I pay .09 kwh in electricity. What manufacturer are you using?
Time keeps on slippin into the future, obsolescence is inevitable, im facing it too soon with my rig
That ac is a killer, had to build an open air case because of heat, worked like a charm
You need to get rid of that AC unit. It probably consumes more power than your rig. So, you are essentially running 2 rigs for the production output of a single rig. You should go with either air cooling or evaporative cooling.
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I think that I could “explain” what happened with the mining difficulty thing…
Since the price rised, more people engaged to mine ZEC, so difficulty rised, which means you’re basically mining less ZEC coins/minute/month/whatever.
If the price keeps at the top and the people stills mining, that would be “balanced”. The thing is that if the price goes down and the “new” miners still mining there with you, difficulty will stay steady, meaning you’re basically mining less ZEC/month.
This got mixed with Flypool modifying something like “the refresh rate”. I can see that we all now “report” valid shares more often, which means they are shown as “less”. The important thing is ZEC/day/month/year.
So…hope some of those newcomers go mining other coins so the difficulty drops and I can make more coins again
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I am sorry but why does mining keep getting discussed in a price speculation topic?
I am a miner myself but all these posts are kind off irrelevant.
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I have an open air rig. Problem is I spray foamed the whole house. The heat has no where to go.
You’re right. I thought the same but obviously, reaching the highest price of the coin in so little time affected considerably to mining and people started shooting to the sky due to all that difficulty rising and so on…
Just wanted to try to explain things as I understood them, but yes, there is an specific thread for that.
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evil grin
Do I gotta pay to read this ^?
Aye; pay-walled 
@kek A summary for us poor, cheap blokes…onegaishimasu!!!
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So Zcash is listed on cex.io, Is this why it’s back at 300+?
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This price rise was a joke, the only thing it brought in was more greedy miners that don’t care about supporting the ZEC network, they’re here because people are chilling the price rise. “ZEC to the moon”, give me a break, get real, ZEC needs to go back to 200 and only rise when there’s significant development news.
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thank you for your super insightful post! is this horseshoe’s new account? if you want to be taken seriously; you should post a chart, and explain your view. have a feeling you have no idea what you’re talking about.
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One way price can increase is to have an in depth evaluation about why Zcash is better than Monero. People trust monero more because they use tweets from one team member about how Zcash can be traced. Thus rendering it useless. Now I support Zcash obviously. But how can we use facts, not opinions, to prove that Zcash is better. I know half the responses are going to be monero sucks blah blah. I want facts. I want to show people that Zcash is better. Aka here are monero’s weaknesses and here is what Zcash can do to overcome those weakenesses and more.
There was significant development news. There was literally a whole week or more of nothing but positive news and PR for Zcash. But of course, who needs facts…
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price will increase once the whales have their fill. usually takes around a year of accumulation for that to happen. people selling @ these levels are going to hate themselves, very soon!!
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I don’t think Monero deserves the response. Their community behaves like a group of high school children. It’s probably good to note that the majority of their complaints about Zcash simply come because they feel threatened by ZEC. Perhaps Monero will surpass Zcash, only time will tell. There’s more than enough factual information available for anyone to take a long hard look and figure it out for themselves. We have absolutely no reason to hand-hold the Monero supporters.
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agree with this… i just troll them nowadays. they know they’re using yesterday’s tech…
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Zoro is a way of that community giving back… 
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I believe in the development being done, but I don’t believe a price rise is justified by the current developments. Soon ZEC will be just like ETH, full of shillers, blind believers and unprofitable mining.
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you hoping ZEC will hit $200; doesn’t mean ZEC will hit $200. instead of saying “ZEC will hit $200”, would be more accurate to say “hope ZEC will hit $200”.
pro tip
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There is always a way of putting your point across without being a prick… we all are here to learn and share thoughts… No one here I believe is only interested in money otherwise no one would want to share his experience in the field with others for free… We are here to share knowledge and work towards a common goal of evolving something which is worth the effort towards a bigger picture…So I believe instead of writing bs… you can always put your point on why you there it should go to 200 or event 100 for that matter… if there is a logic to it… I am sure people will appreciate…
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I really appreciate the time people here are spending and sharing knowledge and learning from each other… @Undertrey has done brilliant work without anyone asking him… @kek is one person I admire for his knowledge and his love towards the community… there are so many people now I know just by their nicks who I look forward to learn from… I may never meet it person… but the knowledge I get will always remain… and I would always be greatful…
So I think everyone here should always keep in mind that the world is reading your thoughts … screaming won’t help at all… thank you for being considerate
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Edward Snowden: Zcash Is ‘Most Interesting Bitcoin Alternative’
via Blockfolio: goo.gl/p95yia
Coindesk again start seeing price analysis along with ripple and Litecoin in that other junk
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Alright. Looks like I’ll just ignore all the non Zcashers and them say whatever.
South Korea’s on the Ico Ban too now
You don’t have to ignore them if you don’t want to. I just don’t think you should let them influence you so much. Unless there’s some legit reason, they’re just spreading whatever fud they can muster up.
Oh yeah this too this is great lol
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Hold on, Zcash is the underdog here.
The be fair, everyone is the “underdog” compared to Bitcoin
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Well, now it’s clear for me, what’s going on with Net HR and why Ethereum users switch to ZEC (if they did drastically increase total HR). Shortly: people are afraid of possible Ethereum fork. Have a look:
Snowden Ventures Cryptocurrency Opinion on Twitter
via Blockfolio: goo.gl/p95yia
On Twitter, a user @masonic_tweets remarked, “Zcash is the only altcoin (that I know of) designed and built by professional and academic cryptographers. Hard to ignore.”
From article above
Hold on, what is Monero’s logo doing there? Snowden should know better than to imply Monero is what it claims to be.
It’s just what the cointelegraph Illustrator made to go with the article.
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Snowden isn’t what people claim him to be. I could have said the same thing he said on Twitter. The only difference is nobody would pay attention to me.
Yes. I saw that after I posted.
Doesn’t Monero use some type of transaction mixing to provide “privacy”? Compare this against the true privacy protections of ZCash, which, as we know, uses Zero-Knowledge proofs to make transactions truly private. Possibly I may have XMR’s “privacy” confused with another crypro.
I personally would like to see the price drop enough to scare off the extra, greed miners. Then let the price increase SLOWLY and CONSISTENTLY over time. That, IMO, will let us mine more and we will fall under the radar. This whole “to the moon” stuff is detrimental, IMO. Slow and steady.
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Those miners will be gone in a month or two. They will see the difficulty outweighs the profits and will move on to another crypto.
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dont worry the 9M and 10 M difficulty + the first big drop will scare off most of them but they will came back at next big rize again same as last time but not in so high numbers
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I loved it when it was in $180s. I was pulling in .03+ during that time. Difference between them and me is I’m in it for the long haul. Let them all jump back on the ETH bandwagon.
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That train may have sailed
Agreed. That ship has left the station.
Id squeeze my short terms and put em in z storage, winter is coming, i personally am avoiding sat markets, brought it home
The only ones who liked this price increase are blind shillers who don’t know how healthy long term markets look like.
Didnt say I liked or disliked the price but Stock Exchange is open 252 (365 minus 9 holidays plus 104 weekend days) days per year 9:30 to 4 p.m. which is 98280 total trading minutes per year, zcash goes 24/7 365 which equals 525600 total minutes so by comparison zcash is already about 5 years old, its weird
net hash diff hits 10M
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our chart looks excellent… you honestly don’t know what you’re talking about. mebbe one of these weekends i’ll hold a “trading 101” workshop so you can learn something.
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yeah and your hatred comments totally helping it
BTW i like the spikes and the drops its helping me accumulate more tokens
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at least somewhere we can see the zcash is skyrocketing
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but i think that with actual price we will see some drop in some next days i hope
ps: for AMD miners must be more profitable ETH for now …
well tommorow should Bithumb start trading zcash im a noob in this but i dont thing it will go down at least i dont see any normal reason for it for now
you are right, the prize has no going to go down, but diff may be … to 5-6M level
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until the prize wont be dumped down again i dont thing we will see any significant diff decrease i thing it will go the other way if the prize stays high or go even higher it will lurk more miners to zcash and diff go up. wish im wrong in this
but diff may be … to 5-6M level
H-m-m, why is that? Diff depends on price, right?
well not directly but yes high prizes lurking more miners to zcash causing higher hashrate causing diff increase
agree. That’s why I am curious regarding @m42orion 's thoughts
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diff depends on net hash rate … but it is naturally correlated with price
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Exchange rate/price and difficulty are not directly related. A change in difficulty is just an effect that may or may not show when the price moves up and down.
The logical chain of events that may occur is something like this:
price goes up → profitability goes up-> miners move over-> difficulty goes up to maintain average block time → profitability goes down
And this goes on forever.
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True. But let’s continue the logic chain:
price goes up -> profitability goes up-> miners move over-> difficulty goes up to maintain average block time -> profitability goes down ...
… → miners move out → diff gets decreased.
So, higher price → more miners → more diff == true. My question was the following: how can difficulty go down (miners should go out for that) with high price? What is the reason to go out the coin, which gets more valuable?
May be, I express myself not clear, but I just can’t find clue…
Please, see Price Speculation - #1398 by VanijaDev answer
First of all, in my opinion you cant just say that the price goes up means difficulty goes up. there are many other factors influencing this. For example if ETH price rose together with ZEC, then the difficulty would not go up as much or at all, as many miners would stay on ETH.
On the other hand, what really is “a high price” it is all about expectations and confidence. Will it go up? Will it go down?
Also I think, after difficulty spikes, is stabilises at a lower lever after a while.
I guess you will not be switching when price goes down for 1 or 2 major reasons:
- You have confidence in ZEC and are in it for the long haul
- You are mining on Nvidia hardware, that just isn’t going to cut it mining ETH
Just my 2 cents
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many big players mining not for future investment but for actual profit… they have sofisticated methods of comparison of each cryptos vs diff vs price vs time to mine … jumping from pool to pool, from time to time with mega power of their farms … its process for maximalize proffit and minimalize operating costs … mix one cryptos to others etc … its full time job for someone.
best situation for zcas miners as me is price of ETH over 25-35% of ZCASH
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agree. I wrote about diff - price dependency base on past three month of ZEC mining. In general it is, like you described.
Yeah, it’s really big players with tens of MH/s.
Kek, i am following your posts and i have deceided to write you because i think you understand zcash market more then others. Just wanted to ask you what you think are predictions till new year with zcash?
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thanks, but, i’m just around a lot, and opinionated… i’ve been meaning to put-out some new analysis, but i’ve been super lazy, lately!
you know who else is good @TheSchramm like dude’s style. comes here dumps his charts, and views. then disappears. sure he’ll be around for a quick humblebrag in october. wish i had that kind of self control!
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I stopped mining ZEC unfortunately, but I’ll buy it at $200 with what I get for the other more profitable coins.
This stituation is a mess
Just for your reference, here is a scaled graph of the network hashrate vs the network difficulty for the past 90 days:
I’ll try to make one with a difficulty vs ZEC price chart when I get to my work machine.
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Think about the people who stopped mining Bitcoin a year or two ago because the difficulty reach the point to where they were only finding .5 per month what a rip off!
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looks-like china will have regulations in place for cryptocurrencies by oct 1 (expected to be considered virtual property) good news
i’m anti regulations, but now people will have a choice which system better suits them. imagine companies will like regs; users will continue to ignore. win/win
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I won’t stop mining because today we have dozens of options, I’m still going to buy ZEC with the profits I have. My bet is that the price will go down to 200’s. If it doesn’t shame on me, that’s a bet I’m willing to take.
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They are treating it the same as the US does. Personally I believe that it should be treated as a commodity instead. Since the price fluctuates rapidly. I wonder though how many people report gains on their taxes.
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was reading a report not too long ago: (off top of my head) believe the IRS said they had around 800 people that claimed any capital gains on BTC. thought that was kinda funny.
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When I got into mining; I looked at how the IRS treated it. They said it was considered income instead of investments. I thought that sucked. I’m waiting for one of these exchanges to send me a 1099, but I won’t hold my breath. I read that the IRS sent Coinbase a John Doe summons and they told them to get lost. That made me laugh.
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I mine it 24-7, then i assay it and cupel it into .9 fine zcash! Lol but seriously 24-7
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it is really funny to see how bitcoin is rising and zcash dumping in the same time.
BTW did anyone of you realized that kraken can predict time for few sec on their new trading interface. LOL
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I was watching btc market on Bittrex last night, snakes
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Zk-Starks? New Take on Zcash Tech Could Power Truly Private Blockchains
via Blockfolio: goo.gl/p95yia
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Ya know despite what that guy and everyone else says about zcash, i know the zec dev would ultimately like to see monero succeed as well because its good for the market, and not sink to such low levels so as to slander out of spite in efforts to propel their own interests for to do so is complete foolishness
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Not funny, Zec is just not worth 300 dollars, it should be around 200-220 if it didn’t have had this fake pump for a miner sell off
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should be @ $450
better get your fill before it’s too late…
i see a spike like this in a market, i buy kek.gg
doesn’t matter what’s being traded.
it’s litterally free money!
we legged-up, (probably) test pumped, and (so far) leg-up is holding.
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that spike’s either a test pump, or a large whale used ZEC as a pass through.
i’m leaning towards test pump, but also think the term test pump is too simplistic. believe MM also wanted to test market dominance
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you could finally stop the trolling nonsense with the 200 dollars. i understand that you would like to have it there but that just wont gonna happen just because what you thing or wish so your are not so important as director of JP Morgan or other big whale, your announcements wont move the marked… it is as it is deal with it finally and stop crying…
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I know that is litle bit offtopic … but can anyb. answer me if its posible make this special trading command on Kraken:
I have 1 ZEC which i want to sell … actual price is for example $280. I want to sell it when price go up to $320, but at the same time i want execute selling command if price drop to $250 (may be stop loss) … its posible to do this in one time ?
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I am not aware of any crypto-exchanges offering stop-limit orders at this time. With respect to stocks, it is possible to structure this kind of trade, though, so maybe in the future we’ll have that feature added.
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Kraken did have stop-limit ordering. However they disabled it cause their performance is poop show under any load.
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OK, thanks for quick response
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Please don’t, you will crash the price. 
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yes, just now
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Can anyone confirm the news about zcash insider trading on the bithumb announcement? How would this affect zcash?
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already affected check the prize chart last few days ago
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Well, we have been upgraded from the people predicting Zcash at $100. Before you know it, you will be saying, “you could finally stop the trolling nonsense with the 0x400 dollars”.
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https://s.tradingview.com/x/oWuLMEVM
Thank me later
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Sooo…your prediction is ZEC is going to magically drop to pre-April levels? No wonder you’re so obnoxiously fervent about the increase. While I guess it’s perfectly possible for it to drop that low, I have a sneaking suspicion it’s not going to happen.
Good luck?
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I love fractals! I actually discovered and L system DeRham Curve just over a year ago it’s a 2d fractal but it’s pretty neat I wrote a paper and everything got rejected a dozen times said f it put it on YouTube they’re not the best videos and the paper is flawed a little but they get the point across The Fourth DeRham Curve, the Bruhling Curve - YouTube
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Sorry it isn’t exactly related directly to zcash but you know everything’s a fractal right?!
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So how come there was no effect at all of trading becoming available on Bthumb?
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I was also expecting something to happen. Maybe they take sundays very serious in south korea.
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I’d love to hear your opinion of my little “problem”: I’m one of those who got into mining Zcash too late, I think. I have just setup 2x 1080Ti cards a month ago, and I have 2 more already in shipping which will be installed next week. Now, my original thought was to have a 6-8 GPU rig, but the recent doubling of difficulty makes me rethink the whole thing.
Would I be better off to just buy ZEC with the rest of the money I was thinking of investing in another 2-4x 1080TI GPUs?
With the current price of appr 280 USD/ZEC I can buy around 3ZEC per GPU right now. According to whattomine, it would take rougly 270 days to break even with the current difficutly (not factoring in resell value or power). I even think about exchanging my measly 0.4BTC to ZEC to get another 6ZEC.
I’m also wondering if right now would be a good time to buy, or if one would expect the price to drop further towards 200USD/ZEC after the recent spike?
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I would suggest mining. Why? Because in 270 you will be happy owner of ZEC coins and hardware. Hardware will continue mining more and more. If you just buy ZEC coins, in 270 days you will be happy owner of coins (and nothing more).
PS: I had the same doubts and the above was my logic. Interesting to know others opinions. 
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It partially depends on what your long term goals are regarding crypto currencies in general. In my gut, I do think you’d eventually break even, but there’s no doubt in my mind that it will take you a while.
I could have purchased a lot of ZEC with the money I dumped into my rigs, and I would have profited a lot more to be honest (9 x 1080 Ti in all); but at the end of the day, I wanted the satisfaction of knowing I mined the ZEC that I owned. I also figured that if ZEC collapsed, I could always switch to another coin to claw my way back and then sell the cards for a little bit on top, or just continue mining something else.
But circling back, if your goal is to simply maximize profit, I do think that buying the currencies is the way to go. No setup, no troubleshooting…just waiting (time). However, if you see this as a potential long-term hobby, then I’d encourage perhaps an intermediate ground (4 GPU rig?) and keep some cash on hand to leverage down your price basis as the currency rides the waves. I think it adds some flexibility that you don’t get (and that I don’t have) if you dump it all into mining equipment.
Good luck with your deliberations, @Sprucemoose.
PS… largest difficulty spike I’ve seen. We’ll be clearing 10M soon. Yikes.
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Yep, I saw that difficulty spike… it will hurt. And the current price does not really reflect that.
Then again, I’m in it for the long run and I will keep mining until my rigs are dead.
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The prices of the cards will definitely drop. Right now 1 1070 is about 1.5ZEC. I have 3 rigs right now and will probably spin up another rig to offset the current difficulty. Heating will also be a big thing for me soon.
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Now lets get back to price speculation, those wondering about mining it can start a new thread in the mining section, no need to hijack this thread.
So i am also a bit worried , i was hoping that once zcash started trading on the bithumb exchange , we would see an increase in volume and also price. The only price increase we got was because of the info leaked before hand that zcash would be listed on the bithumb exchange in Korea.
So if we have already priced in the Koreans, then this is a disappointment, and without any fresh news i fear we will just slip lower and lower. And we are at very difficult price level right now, and if we don’t move above 7730 area on the zcash btc pair then its not good technically speaking. On the zcash usd pair that level would be approx 316 area.
Now i hope we can get a small rally going so we can move past these levels, i am also pretty sure there was a lot of new people getting caught up in that upmove, and bough the pullback that just turned into a shit show.
These types of moves are not healthy of price in general, call it a test pump or whatever, for the general public and investors who are buying zcash its just frustrating.
I am personally holding 3k spot, and abit margin higher…i also got caught on the full reversal move unfortunately.
But holding, and within a few weeks or a few months, hope we can move past the ATH prices.
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On a side note, not sure if this is correlated:
The South Korea Stock Exchange is closed and will open again for trading on 10 of Oktober, that is about 8 days 10 hours left
Maybe everyone is just taking vacation and will be back to trading stocks and crypto when their exchanges opens as well, so we might have 1 week of poor performance until den
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I’m thinking things will pickup by this evening. It’s late evening in Korea. We should see some movement around 7pm CDT. If things don’t pickup in the next 24 hours then the Bithumb news was all hype.
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so what 1 week of drop ? then @Zoro wishes about 200 price might become thru
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highly doubtful, when i say price will slip, that does not mean price will tank.
Best case you can hope for is 260-270 usd, then sideways in that range before we continue higher
Incase you want to buy, then get into the 260-270 range
You also have to realize that zoro shared a chart with zero substance and no reason as to why he thinks it will drop.
You gotta take things with a bag of salt, especially when someone just says it will drop when posting a bullshit chart.
Zcash is more likely to make new ATH , then retest the very lows…also consider we have had a strings of good news. So why on earth makes you think it will go to 200 usd ?
Again that makes zero sense
Zoro is just blowing air up your ass, thats it …nothing else
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lol man that was a joke
its slowly going down while btc is going up that is the strangest thing for me could be the rising btc preventing zec from bigger drop ?
BTW this is a pure speculation
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imo, people convert ZEC-to-BTC for a quick scalp. a lot ZEC investors are also players in BTC markets. from what i’ve gathered - people are mostly using ZEC almost like a bank.
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I’m staying away from BTC right now got me sketched besides LTC zec Market on cryptopia is pretty low right now although I’m not a fan of cryptopia or ltc but its cheaper to move than btc
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$460 thank me later kek.gg
when it comes to T/A - nobody is better than good ole kek
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I prefer to treat ZEC like an IRA that let’s me withdraw without massive penalties. Besides I wouldn’t convert to BTC for a payout. I"m looking at LTC instead. But that’s just for the the conversion to fiat. Crapen then gets less money out me that way.
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IRA is a fair comparison,
might even be better than my “bank” example.
going to think on this!
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LMFAO That’s awesome
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slow sell off to 220-230 level ?
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When it hits 800 Zoro will yearn for 600.
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I call Zcash “the Swiss bank on my hard drive”.
The biggest problem with that metaphor is the volatility of value (i.e. purchase-power) in my Zwiss bank account. It is a significant economic problem with Zcash (and Bitcoin, and…). But such complaints may be misplaced in the “Price Speculation” thread; and anyway, I am not exactly complaining at my deposits having increased manyfold in value!
(Internet pedants: I know, it is not “on my hard drive”. I said, “the biggest problem”. Don’t start.)
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Now it returns to 230? Such a roller coaster.
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it’s heading to something lower than 0.05 BTC. We’ll be back up in late november/december
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That is after I sold 1ZCash for 0.097Btc now have to hold and wait for better times.
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And there’s some sudden movement in price again, anyone knows what event might have caused this?
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Did you see what god just did to us man!
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Maybe this
And you thought today was gonna suck!
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That definitely looks like a nice step on the way to more adoption for zcash.
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In btc news, if its a bubble this might be the sharp pointed thing
US Wants Bitcoin Operators to Apply for Bank Status
via Blockfolio: goo.gl/p95yia
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Whats going next ? I vote for continuous trend to 180-190 …
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Well, the whole market is in the red right now, maybe we get another chance to buy at 180-190? Lets see if it drops that low.
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Europol Warns Zcash, Monero and Ether Playing Growing Role in Cybercrime
via Blockfolio: goo.gl/p95yia
This is a good article, Monero people are devious and they celebrate it, Zcash is first in title but last on the list which is actually bitcoin first, coindesk holds zcash as stated in disclosure, but none of the others are stated
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Government always decries anything that gives the people real power and true freedom. Criminals use Euro notes, too, but Europol hasn’t said anything about that…
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I get it, but it’s not like criminals don’t use USD, or EURO, or even gold to fund their operations… we should stop using that as well now?
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According to the article as far as europol knows, criminals don’t use zcash which makes sense because zec is a law abiding foundation, its repellent, and if that doesnt sound good to you, theres plenty of room in the Monero snake pit
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Its only a matter of time before people wake up to the beauty of zk-snarks. Right now Monero might be “doing the job” but I suspect things could change soon. People may be forced to look for stronger cryptography (zec).
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Same tired old story. It’s the job of law enforcement to find out if assets originate from criminal activity. When someone with no income whatsoever one day deposits one million dollars in cash that’s when they should investigate not when someone is using cash, Visa card, Bitcoin or zec. It’s not their job to be preoccupied with payment technologies people use. Their job is to investigate suspected crimes.
Edit: What can you do with cash anyway? At lest in Western countries, you can’t do shit. You can’t buy a business, a new car, securities or real estate. You can buy some food, clothing and get a haircut.
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You can pay your rent, too…maybe some fun at your local night spots…the dog groomer…
I agree, law enforcement is there to investigate crimes. These “scary” stories of criminals doing this and that are simply what they do when they want to target an activity they wish to control…that’s how it has always been done: Scare the public, present a solution they lap up = more power and less rights. Despite all the power and money people have thrown at Uncle, that doggone Boogy Man is still at large.
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From a company no, from a landlord yes/maybe. Anyway, if you are renting roof over your head – you can’t do too much damage.
Loosely related to Price Speculation, I realize, but…with the 15% sag in ZEC over the last 48 hrs or so, I haven’t seen much, if any, sustained loss in network has power. In fact, my projected profits based in the last 24 hours have plummeted more than ZEC price. Curious to know where all of this basing power is being added, as I’m not seeing much of the the most recent 100 million sol/s (370/380–>470/480 x10^6) showing up on Flypool. Seems like a second discrete step-up in network hash power. Is this just more Eth miners shifting? If so, if not, speculations on where the network sol rate may stabilize for a while?
If it is ETH miners, then give it time and they will jump ship. They will either go back to ETH or something else. I’m seeing a tiny drop in my overall income, but my rigs need to stabilize before I know how much I’ve lost.
It seems weird, hash rate almost doubles within 24 hours? Price of coin is ~ back down to what it was before the massive pump but hash rate is still increasing? I wonder if someone has successfully made an ASIC?
The winds of change…
https://bitinfocharts.com/comparison/zcash-transactionfees.html
Max on that chart looks like 16 thousandths of one cent
Bitcoin Fees Chasing Businesses Away, Dash, Litecoin Benefit
via Blockfolio: goo.gl/p95yia
Unlikely
Proof of Work: The Proof of Work (POW) algorithm for Zcash is Equihash. Equihash is a memory hard algorithm based off of the Generalized Birthday Problem. Equihash is designed to be resistant to specialized hardware like ASIC’s. The Zcash team is not opposed to adjusting or even completely changing this POW depending on how the network is operating.
We all knew it but new article
Despite Korean ‘Ban’, Bithumb Adds Zcash
via Blockfolio: goo.gl/p95yia
“Bithumb considers the coin’s Security, Technology, and Investment worth when listing a coin,” Lim said. He added that Zcash had met their criteria, noting that “its technology provides the strongest reason.”
From article above
From what I can see is that it seems to be a peak and valley situation. Right now we are heading into a valley.
This data is from when I got into mining at the beginning of July. I’m thinking in the next week or so the price is going to drop to around 230 and then go back up towards the end of the month.
Yeah, I expect to see BTC:ZEC drop to sub-0.05 before returning back up again. While BTC has proven resistant to drops, ZEC has been reluctant to hold onto any gains in the last 4 months.
This is still a new coin so words like “never/always” shouldn’t be used, but in the short history we have, we haven’t seen miners leave the network once they enter so I don’t expect the difficulty to drop. Actually, it will probably continue to climb by the week-by-week average.
Unfortunately, miners are still the primary hodlers and spenders of ZEC and now a price of approximately $350 is needed to obtain the same returns seen a only a week ago. I expect that prices will need to return to that level before we see any real movement on ZEC again. That might not be for a couple more months.
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Also, to someone’s previous question of buy vs. mine Zcash right now. I would absolutely buy ZEC and not dump the money into the mining equipment. It will take about 9 months to break even on the mining equipment whereas you will probably more than double your return on hodling ZEC over the same time. Also, by that time difficulty will have increased even more and the yield for the miners will be significantly less than it is right now. If you are not already invested in mining, you probably have missed the boat on this one.
Actually, even most current miners could probably look back at their investment 6 months ago and say they would have done better to invest in buying the coin instead.
Very Important Point Anyone reading this Forum Should Keep In Mind: (obviously…since it’s in bold)
For those asking about mining vs. investing, when getting into something like this you should determine what sort of business you are going to be involved in…
- Investing (owning/trading coins)
- Processing (mining coins)
- Exchanging (selling real-world services for coins)
Figure out which one you are in and focus on that. Realizing the differences between the three and you will learn that, while they do overlap a little in objectives, for the most part they each require very different approached to the market. Don’t try and play multiple parts or you will start having conflicting objectives and ultimately fail at one or both.
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Kudos for wise words!
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With 6000$ when I bought my graphics cards I could’ve bought 28 ZEC, with the rig I have I’ll easly mine 33-34 the first year, how could your statement be possibly real?
Talking about mining, hash rate just dropped to 350M, that amazing My profits are back to “regular” numbers.
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there is eletricity cost that I didn’t calculate…
but still, you get the picture…
The power costs are VERY real…trust me…I have nine rigs going.
I will go ahead and say we are going to hit a price 0,02xxxxxx BTC. The situation is worse than I expected. Prepare to buy cheap cards and coins.
EDIT: We might have the last exits around 0.07
Elaborate? Twentycha
I have 3 rigs right now and 2 days out of the week is enough to cover the bill for them for the month. Though I plan to expand once I rewire a few circuits in the basement.
we are getting some serious attention from wall street Bitcoin Should Be Terrified Cryptocurrency Zcash Added to South Korea Bithumb - TheStreet
everybody on wall street reads the street
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That could be news that would pull ZCash out of the price decline that it is in now. If Wall Street gets involved in the ZCash game, then the US government will step in and regulate all crypto heavily.
Im not sure what you are talking about @kek
I grew up on the street, Sesame Street.
Oh, wait, thats not the same street your talking about… my bad, please continue! 
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Power costs are real but relative.
I pay 0.19 cents per kW for under 100’000 kW/year
if I go over 100’000 kW/year price would be 0.15 and could go down to 0.08 the more consumption (not to consider smart energy investments, like solar power and so on…)
In any case, I would bet my balls that in 2 years mining the equiment not only got more coins after all but you would still have some great cards with real value!
Wondering if you can cover this BS with FACTS
You guys hate me too much, I’m trying to help instead of hyping everyone with meaningless news.
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It’s my hope that ZCash hires a quality CMO sooner than later who assembles a competent and capable marketing staff so that more articles like this one are circulated and read. Also, that Belfort person is woefully misinformed…fwiw…
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don’t hate you, just don’t agree with your analysis. there was another account exactly like yours that repeatly posted the exact stuff you’re posting; except they said $100… then we hit +$400, and haven’t seen him since. we’re bulls here, mostly, so we’re prolly going to give bears shit from-time-to-time.
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You have to back it up with some facts or analysis, that way no one can say anything personal to you. They will just analyze your analysis.
Agreed if your gonna stir the pot at least at least toss us some salt
"Hello everyone…
Sorry been away on holidays…
Hope you all made some decent money with the recent pump. I apologise for the long post in advance.
I have been doing some TA this morning and noticed that we are going to test the $230 support. If it holds (doesn’t look like it at this stage as we don’t have enough volume), next stop is $190 and of course my favourite after that which is the $150 support (double bottom formed here before ATH). We formed a W shaped chart after going from 415>150>320>150>415…
I do expect us to bounce back from $150 if we do test it again…and this will take us to $600+ forming new ATHs.
As some members have been saying we will go below $120 , I personally think there was a chance of this happening a couple of weeks back when we went to around $145 and bounced back successfully. However, with bithumb adding Zcash we have a new influx of volume which will not take us below $190 (170 max imo).
/note/ we have fallen down in volume from $295mill to $22 mill now and bithumb volume is 20% of the $22mill. Hence it can be said that it will be difficult to break $150 if we go down to that level with all this new volume coming in.
On the other hand, I found out an interesting article today. Most of you may have heard about Valemount Advisors, one of the most accurate crypto analysts in the market. They have posted an interesting analysis for Zcash and to some extent it is something that I would agree with 100% and if you follow @kek then you will know that it’s something he has said a couple of times in the past. (SPOILER ALeRT - the moral is that Zcash has one of the most negative thinking and bearish minded community out there).
https://www.valemount.io/trading-update-103/
Bitcoin is forming a bearish divergence and should soon start its correction which is most likely due to the 2x FUD. Overall crypto volume has been struggling to go past $3bill, which indicates a bearish market sentiment after consistently being over $5bn (give or take a couple) last 2months, and I see no reason for Zcash not to follow its path…
We also closed the weekly candle in red below the long term trendline indicating a bearish sentiment.
And on a side note can we please stop the mining related posts in this thread. I don’t wanna be the bad guy here but let’s keep it reserved for price analysis and speculation only…it is unnecessarily stacking up this thread with posts which belong somewhere else.
Any criticisms are welcome however please back them up with some decent arguments as my analysis is usually correct (check previous posts). Just cause some of u bought it at a certain price doesn’t mean that the price won’t go below it and that you will criticise the person.
Peace 
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The @kek magick 
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MA 100Day support broken…we are going down…CONFIRMED
Day traders it would be good to place buy orders at 195 with stop at 185 and take profit at 250, 300, 420 and then 645.
Thank me later!!!
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It’s certainly not looking strong at the moment. 230 doesn’t appear to be holding. Liquidated a portion for now and will attempt to rebuy sub 200. I should have trusted my gut yesterday but better late than never.
It would be wonderful if Net HR follow the price and go down. Unfortunately, I am frustrated regarding increasing HR with decreasing price. But… No place for whine!
Difficulty is jumping up and down.
It was 5m yesteday, today it is at 9m. while im writing it fell down to 8m.
Funny to see that the global hashrate is jumping around as well.
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I was going to mention keeping this to “investing” talk only and minimize the mining talk, but honestly, it would be a very poor speculation thread if we ignored supply (aka mining).
Right now a significant portion of ZEC is held by Miners and they have very real price targets based on current difficulty that don’t necessarily coincide with the goals of Investors. In order to maintain acceptable returns, sell prices need to coincide with the difficulty of when mining happened (difficulty increased about 30% than it was 2 weeks ago).
Meaning anything mined in the last week is looking for around $350. Though we might see it go beyond that in a sprint, I would consider that the upcoming ceiling after the bounce-back (much like $300 was for the last two months).
While Investors are looking for price speculation more often, it is also very important for Miners and Exchangers.
Agreed though, that technical details/requirements of mining should be minimized in this thread.
True, but the price is not jumping from 200 to 600. It is decreasing slowly. Plus, the Net HR volatility is very big (1m as you have written). Who could play with such amount of power? Not private miner for sure. Big farms of thousands of GPUs - for sure as for me. So, big players came into ZEC mining, when price is staying approximately at $240 for 4 month (yes, there were jumps to $415, but it was 1 - 2 days there). My question is - why would they do it? What for to mine currency, which is not increasing in price? Maybe, they have some insider info…? Probably, yes
Very very unlikely.
Or they have confidence in zcash, due to positive news.
I’ve started a separate thread for mining speculation. Mining Speculation/Strategy
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I am really new to all this, investing and crypto coin. Trying to understand what i can, reading reading reading.
Just had a question on the “take profit at” portion here.
Are you expecting flucuations, so you would say buy at 185, then sell at 250, then buy again low and sell at 300?
Or do you mean (and i believe this is the case) you sell portions to ensure you make your money back? So like 10% at 250, 30% at 300 and so forth?
Sorry for the dumb question. This is all a lot of information to process lol, got into mining and just kept falling down the rabbit hole.
That’s a valid question. I take it to mean what you stated.
Only a idiot would believe on TA for crypto… maybe when we hit 1-2 Trill market … but in this stage… no way
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and can you explain why u think that ?
Because there is still no enough market value on the Crypto market… Every single FUB can manipulate the prices.
Only if we get more $$$ (1-3 Trillions) the all crypto world will be more stable.
for example… If you see TA showing that zCash will hit 500 by next week and technically may be correct… but the next day BTC fork again… Japan come with fake news that bans cryptos etc etc what will happen then? RED candles everywhere.
The network is very weak vs FUB / manipulations yet…
You can call it… basket of mixed emotions
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It’s all focused on leveraging profits (or at least primarily so).
Say I acquire 2 coins at 100$. Zcash, like any crypto, will always oscillate to some degree. Though you may rarely predict the maximum swing differentials, that’s ok.
Zcash goes to 200. To calculate my profits, I take the difference (200-100) and multiply by a factor equal to the number of coins I have (2). I sell 1 coin and **realize a profit of 100**
Zcash declines to $100. I buy 2 more coins (total of 3) with the $200 I collected (100 of original value, 100 in profits).
Now on the next price swing, your mutiple is 3 instead of 2. So no matter what the swing magnitude is, you’ll be accumulating profits 3/2 * 100 → 150% faster). additionally, in order to recuperate rate your original investment, you can stay in the market down to 200/3 before you sustain losses (so you’ve leveraged your basis down as well.)
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That makes perfect sense, Thank you for the detailed information.
kraken down again …hopefully the price wont move to much down
I have no problem to login to Kraken for now …
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Price has remained pretty stable over the last week. ZEC doesn’t really have a strong enough market cap to move on it’s own on a normal day-to-day basis. It’s really tied to BTC still with occasional outbursts of its own. ZEC likes to stay around the 0.055 range with BTC:ZEC exchange. When it drops into the 0.04-0.05 range it’s time to buy, when it jumps into the 0.06+ range it’s time to sell.
The recent spike to 400+ made me wonder if that would hold and we would find a new norm but within a week we are back to to mid 0.055 range.
I’m not a technical analist in any form, but I do like reading about it.
And these are just my 2 cents:
In a way he definitely has a point. he crypto market is definitely a crazy and even more unpredictable market than conventional markets, for various reasons. But it also doesn’t mean that TA is idiocracy. I guess you should be carefull with using conventional analysis methods. in the end it is all about patterns.
Another thing is the crypto market has definitely been rising the past years, so you can afford making some learning mistakes.
So maybe i am jumping the gun, but it looks like we bottomed out at 238 last night and are on the up swing already. Am i seeing that correctly?
Gotta love that zec doge market! 275!
Kraken is nothing but a cryptocurrency ponzi scheme. When it comes to getting fiat out of them, they suddenly can’t do wire transfers.
I don’t know that your response is appropriate. This thread is called speculation. The previous poster shares a valid point with many others. FUD and hype are expected and natural reactions to the market. Attacking people for outlining their opinions one way or another is not helpful.
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Good thing you don’t have to get fiat from them Not that I’m defending Kraken. They’ve been pissing me off more often than not as of late.
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LoL I have never disappear… I have better things to do.
Is me who was saying that zCash will hit almost 400$ where others was saying that will be killed at 100$. Also was me who said here that BTC will hit $5000 long before that to happen. Was short increase but was REAL!
Scroll your fcking mouse up and read! You little pokemon!
And btw, I have never lose money on crypto 3 years now… So … go watch some pokemons, grab a McDonals and Chill off!
“Don’t say things like TA is useless…all previous predictions made by myself, kek and schramm are based on TA and we have been accurate 90% of the times…”
Accurate 90%? So saying that every friday (when is Selloff day) zcash price will drop is something that you need TA for.
TA have nothing , NOTHING to cover it. I can tell you the lottary numbers … if you are lucky to win… does that make it accurate 100% everytime I say a number?
If you like to use TA , then good… but tell me how was your TA for BTC , one day before and one day after Chinese FUB.
And finally, why you are trying to troll me kidos?
u talking crap i already deposit the money to my bank account several times via SEPA not a single problem
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love it when we’re bullish early AM EST!
nice volume too!
when does the korean holiday end? monday?
answered my own question Harvest Festival Holiday in South Korea in 2023 | Office Holidays
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aprox 1.5 month ago 120 Euros what i needed to cover the rest of the bills
well to be honest as noob the TA’s from kek and schramm and mrdazz helped me a lot in deciding if sell/hold or wait . but i dint use the numbers by them as an absolute more checked the trend in which should the market go and yes of course in such cases as the market manipulation by head of JP morgan it dosend fit with TA coz TA cant and will newer be able to predict such cases so they are help full but you cant be blind believer especially in crypto markeds which can be manipulated by whales quite easily.
Is exactly what I’m trying to explain here.
Cheers
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i know that the reason why i liked your prev post but no one of the guys here have nothing to do with such cases that cant be predicted. and i have to say iam really thankfull for they shared work and infos. since thay are corect under “normal” conditions and i thing it is not normal for zcash to go down when BTC is going up a lot
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I think theschramm moved out of zcash. If you look at his trading view page, he hasn’t posted any analysis on zec since 22 aug.
This is what I stumbled upon on tradingview just now:
What do you guys think? Will it hold the trend? it’s been hovering around 260 all day.
Edit: I see in the comment the pattern has already been broken.
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i know but he has been help full in the past so why not to name him
well i dint thing it will be that easy and iam not shore if we can hit the 400 before BTC start the correction …if it does it will most probably drag the Zcash down but who knows maybe we are witnesses of first Zcash alone moves
I think he said that he won’t be posting any updates on Zec till end of October as he was sure price would go to 490ish…
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My apologies everyone…small error in the previous calculation…I did not take into account the support at 225 from which we bounced back to test the resistance at 275-280 and failed to cross it…downward trend still intact…apologies…
After this downward trend we should gain support around 250-290 in the future bull runs…we won’t drop below that…I think this is the last time we will see 200 or below… buy them cheap Zec’s…
Yeah righ… how about testing 575 usd / 0.133 BTC after this weekend, think that sounds better for us bulls.
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Next run will take us over 600 easily (November most likely)…I feel we just have to die one more time to live forever……
Market Cap $1,200,321,000 0.15 BTC (600/660USD). I optimist.
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Yeah righ… how about testing 575 usd / 0.133 BTC after this weekend, think that sounds better for us bulls.
Lol…did you just hear the collective and painful groans emanating from every ZEC miner when you posted that?
Though I’m on board with mrdazz that the next run will likely be in November. That gives more traditional investors more time to cool off the last run and have a “good idea” about ZEC all over again.
I think it will be a month over month gain for ZEC so long as nothing bad happens to BTC again. (knock on wood)
I see an interesting thing happening…we are slowly slowly mimicking BTCs moves again after 2 weeks…this is not a good sign…plus a lot of volume will flow into btc in the coming 2 weeks due to the split on 25th (and that may be bad for us ) as everyone needs those free coins…some alts will begin to skyrocket after that as btc will see a dump before nov split and go back to a higher price before just before the nov split (this is when we will begin our run imo) as everyone will collect the free coins once again…btc is a fucking joke at this stage…wont be surprised if one of the fork coins takes it over…
What will be interesting is to see what happens after all the 2x drama…i think btc will struggle to maintain momentum with BCH, Btc gold, btc 2x, which will be great for us…crucial quarter this one…
All we can do is speculate at this stage…wont be surprised if the above scenario doesnt play out as well…but Im positive we will see 600 in november…no doubt about that…and four figures in Q1 2018 after the sapling update…
Wonder what @kek thinks?
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bitcoin is quickly turning into a joke… dont really have any new analysis until mon/tues when the harvest festival ends in asia. we really haven’t seen bitthumb’s influence on our markets (other than the test pump to $420ish << lol, completely random number) i’ll
do my best to put out new analysis by tuesday.
i really want to see how we trade on bitthumb when asian markets are firing on all cylinders.
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Let’s hope the asian market sees the true potential of zcash, but they may not see it only after the memory and speed improvements of shielded transfers.
Here a great marketing manager would come in handy a lot, writing or hiring someone to write basic and/or complex info on zcash on asian crypto blogs/forums.
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I’m in the boat of hoping nothing bad happens to our lord and savior…Saint Bitcoin. I hope that all BTC spinoffs die in a fire and only reinforce faith in the Church of BTC.
The religious metaphors are all because of the inter-connectivity between BTC and virtually all other cryptocurrencies when it comes to general faith in the market. Don’t underestimate the power of the mainstream investor and what they hear about (bitcoin). While alt-currencies can have runs and dumps of their own, when king bitcoin falls, they all fall. I believe that if something replaces Bitcoin as king, things will get a lot worse before any semblance of better shows up.
Honestly, I think that if the faith/support in BTC is taken away from the market, it could take a year or two before the market overall would recover. I think ZEC would make it through, but I think it would involve a “cleansing” of many of the other currencies. It would be like the 2nd half of 2014 all over again.
I think it will be about 2 years before ZEC has enough market cap to stand on its own without the support of daddy-bitcoin.
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You mean Bitcoin to drop to 600 from the current 4300 (take or give) in November…?
It is not possible. BTC is now in consolidation phase after reached 4400 and tested resistance. Let wait and see what is next. Is he going to continue run to 6000 or drop to healthy correction on 4100 to 3600 (depending on support line strenght) and after that rise to 6000. Whatever, Zec will fallow. You can’t be wrong if holdin zec, because we are now generally in bull trend (rising prices) till aprox. 2018 with some price corrections.
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Lol just checked Monero’s volume compared to Zec on Bithumb…lolol…huh! monero you are dying a slow painful death…
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Sad really, probably how i would have concieved to encrypt data with massive scrammbling, the problem was the designers intentions and the user community
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Any reason for this downward trend? Is it because the of the Korean holiday ending before all the bithumb trading occurring tomorrow?
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It’s already past 8am Monday morning in Korea. The Bithumb trading could be having the opposite effect. Highly doubt it though.
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These are all expected moves…if we break 225 down to 200…market sell off due to btc gold fork…everyone needs the free coins…
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After th fork we will fly my dear…fly fly fly…
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Im about convinced these big sells are just mega miners holding out until “times up, gotta pay the power bill right now.”
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Yes still decentralized , new article
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I am really excited for this downward trend for ZEC at the moment! BTC is slowly climbing while ZEC is slowly dropping. When ZEC made a run a couple weeks ago was when BTC was slipping a little. An inverse relationship between the two creates some great opportunities to make some gains. Also, this may illustrate that ZEC is developing its own niche. While people have speculated that ZEC could be used as a safe/anonymous storage of wealth while BTC slips a little, this is the first time I feel like we have seen clear evidence of that (when ZEC starts slipping as BTC climbs).
Always feels odd when a price drop seems like a good thing.
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Nothing exciting about this at all, price movement like this only hurt small time traders buying this, price going from 0.10 to 0.5 in just a few days is not the way to instill confidence in a coin.
I for once am really feeling the pinch with prices droppping like a rock and there are zero buyers around, its just keeps falling and falling. At this rate it will reach 0.0.23 area fast, this shit is so freaking manipulated as fuck.
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We need some good news to get use out of this pickle, and the last news about the improvements in memory usage and time etc did not do shit for price.
Not really sure whats up with zcash, but its either extremly manipulated or people are selling alts to buy btc for the bitcoin gold coin.
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LOL…it will not get to 0.025…or anywhere close. At 0.035 I would dump my entire real life savings into it, and people with a lot bigger wallets than me would do it much sooner.
0.10 was an abnormality that I wouldn’t expect to see again for a couple months. I expect the exchange to stay around the 0.045-0.065 min-max range. Anyone who really watches the market knows anything sub 0.049 is a strong buy indicator. The only thing that would change that would be something catastrophic to BTC, which I don’t see this BTG thing as being that big.
edit: type-o
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Hope you are right m8, im just moaning alot cause of this drop from 0.10 and now down to 0.05043 as we speak.
I will hold on to this one for a few more months and hope that the Q4 fund that Berry Silbert talked about comes to pass, and that we can get some strong buying come in again.
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And insulting it is the difficulty level 
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Buy on lows, Sell on highs
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well i see only positive things in this drop i would say it depands on your perspective of view
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Let’s see a big drop so I can make a big payday later. Loving the numbers right now.
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Set buy orders under 0,03 and you’ll be happy late november for a 3x or more in late november, early december.
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This is the time for great shopping, promotion up to 25 OCT. 1 zec = 174Dol 0.38BTC
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I think this current last day or two is for the potential for BTC Gold… People are selling their alt coins to try to get more BTC at the moment, so that when the fork happens, they’ll get their BTC Gold. Remember over the summer when BTC Cash happened. Same concept. BTC will spike, then sell off promptly after the fork… we’ll see gold fluctuate back and forth… then all the alt coins will pickup again, including ZEC. This is a current buying opportunity to do the reverse… buy more ZEC or other alts now, and watch the ride back up (at a higher percentage gain than those riding the BTC train).
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After the big surge of BTC and fall in alt coins last night, I ended up trading my small stash of BTC for ZEC at a price of 0.0479 in the hope that we were close to the bottom. The USD/ZEC was 230 at that point. Now over night, the prices seem to have stabilized, and in the last hours, there has even been an upward trend.
But…I see some of you talk about expected prices around 0.03 BTC/ZEC and 170 USD/ZEC when we get closer to the BTC gold fork. How realistic are such low prices in the current situation? What were the experience during the last BTC fork? I’m in it for the long run, though, so a day-to-day price is not my major concern. Even so, it would be nice to have aquired the ZECs at the lowest price possible.
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Might get some movement if this need get spread around. It’s not on Google, got this in email from a newsletter.
This could get interesting
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think this current last day or two is for the potential for BTC Gold…
so as the btc gold branch has now been delayed, either 1) people are idiots or 2) we gotta wait at least 15 days for the branch…
gosh i hope they realise and we can go through a full cycle in 15 days.
sell some of this cheep zec for btc as it crashes, rince and repeat for the 25th… :)
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Seems plausible, makes me wonder a few things…if this is the case then:
- Is this the first time a large exchange has done a deal to distribute in the same way before
- When does Upbit Exchange launch (Just saw beta launch is October sometime)
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fyi:
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Oh yea man, not good for the ruskies
Putin Condemns Bitcoin, Calls for Russian Ban of Digital Currencies
via Blockfolio: goo.gl/p95yia
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Is it just me or is the Eastern Hemisphere still communist?
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Spruce,
Check out this Forbes article… describes the huge run-up in BCH right away, then about half that market cap disappeared (likely back into other coins subsequently, or back in BTC).
During the last one… alt coins fell prior to the fork while BTC remained stable… then BTC really rose, and there was a rise in others as well (probably greater percentage wise), but then a huge spike and subsequent fall around the 8th of August. We’re sitting close to the high end prices during that event though…
Here’s what ZEC did during that time:
Here’s what BTC did during that time:
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What’s everyone doing with their zec holdings? Dump into LTC or Eth as they seem to be stable atm and buy in when it dips a little further?
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Changed over $800 in fiat into LTC today. Though that was just to get it away from Kraken. Going to hold it for the moment and cash out when it goes up a dollar or two.
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You Guys make me Nervous when there is no Speculation for a whole Day!
Bakes
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Hehe…I’m still waiting for 200…we will get there soon…struggling to get past 235-240…very low volume of 20 mill doesnt help either…
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Unless we dont break 250-260, we are bearish…
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Zcash hates the price range between 320-400…once we cross 320, in a flash we will cross 400…
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well watch btc carefully a lot people followed the example of bittrex and changed altcoins to btc when btc starts falling they come back and push the prize up
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He nailed it. Watch BTC. It just spiked to over $5100. We are pretty low on BTC:ZEC right now at 0.0457. I would be surprised to see ZEC get dragged up a little soon. The lower it gets the less willing people will be to sell it at that price. So you will see slower drops (or even climbs) and very low volume. Basically if you haven’t sold your ZEC already for BTC, you missed the bus and just have to hold through the down until it goes back up (maybe even buy some more, it’s a great price/BTC).
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with every small drop of BTC from the max position altcoins rise a litlle some people already coming back but its not enough for a high jump for now
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it’s squeezing tactics against small miners - high hash rate and low price …
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would’ve figured our volume would increase after being added to cex io, and bithumb… kek.gg have a feeling this is the calm before the storm. we’re now at a point were bitcoin will force us upwards… even if ZEC doesn’t want to move upwards.
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I’m mining and holding. Right now I’m breaking even on my power costs v ZEC mined However, I am in the long group, so whatever
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So far there aren’t any updates to hook investors on Zcash. Hopefully the upcoming update allows for mobile wallets if LMP is correctly implemented. Once this btc fork is over, there will be investors looking at what alts are the next big thing.
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Sell now if you want to buy 20% more at a lower price
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What will help the price of ZEC is for it to be offered on Coinbase so more people are aware of it. It’s more obscure and very much unhyped in the “Crypto News World” (IMHO)
They’re still searching for a CMO, and that’s disappointing. They also need a CSO (Sales) to sell their technology to financial institutions and other entities who can benefit from what ZCash offers. They really have something good, but it appears they have really no real sales and marking pros to get out there and hype and sell it. Again, my opinions FWIW.
We had a nice run up going into the Bithumb news, but then pffft…the air came out of the tire. In fact, the price is actually about 33 bucks less than it was right after the JP Morgan news on 22 May; cf BTC and the price is more than double. It’s disappointing and frustrating, but such is life.
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USD is totally dominating BTC volume
http://data.bitcoinity.org/markets/volume/30d?c=c&t=b
going to be amazing when CNY re-enters the market.
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imo, BTC will build support in the $5000 range… being the case; traders will speculate in other markets. zcash has had a steady stream of announcements, and good news articles. the type of news being posted is the type that lets astute traders know it’s time to buy. you’ll notice these types of positive news articles weren’t being posted during earlier accumulation cycles. cannot give you a specific date, but soon… my spidy senses are tingling… other than support/resistance; don’t trust the charts RN
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I’m actually pretty surprised to read this, @phakov
Is this just because electricity costs are extremely high in your area? I only ask because while running my 1080Ti’s at poor efficiencies (3.05-3.15 Sol/W) at 0.09$/kW-hr, and factoring in the difficulty change, I’m still clearing double my electricity costs (including non-mining loads).
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Well, the issue is this: I have about 20 AMD HD7970/50’s, GTX980tis and R7-370’s running in addition to my GTX1060’s. Those older cards are power hogs…and to make matters worse, electricity in my area of the world, Tampa Bay Florida is ~$0.138/kwh. At the current price I am ahead, but I’d like to see more in the way of ZEC value. (for example I am paying about 180 USD per ZEC by mining them).
So some of this is my own fault as I bought the older cards when I first started mining to hedge my risk with initial cash outlays. I’ve learned that either the 1060’s or 1080ti’s are the way to go, and the 1070’s are decent too.
Yes, I do want to replace these older cards with new GTX1060’s but the 7970’s do get good hash on the cheap…at least initially. I agree that the 1080ti’s are a great option, but at 700 a pop, they are pricey for many.
My takeaway lesson to share with new miners is this , however: balance hash rate with power use and buy new gen cards. The money you save in getting the older cards will be eaten away with the cost to power them over the long term.
staying vigilant not to derail thread
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I’m happy with the current valuation. I’d say BTC/ZEC will seesaw with a two month period for another 6 months. So just keep trading in the extremes.
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I agree with you. But there has to be some frontend updates. Something that attracts investors. Nothing has changed for a very long time so people lost interest.
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yes especially when BTCs moments drags a lot of attention
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сейчас все вкладываются в биткоин,после его форка думаю и альткоинам будет уделяться больше внимания со стороны больших инвесторов,будем ждать.
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Please use English when in any of the forums outside of the specific categories set for other languages.
[Moderation note by @daira: in general, there is no such rule, and posters are free to use whatever languages they know. The purpose of the language-specific categories is to provide a focus for discussions in those languages, not to imply a rule against using them in the other forum categories. If you don’t know English then please don’t feel discouraged from posting. Google translate is a thing that works very well for translating into a language you know (less well when translating into a language you don’t).]
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I have been saying this repeatedly. Don’t rush to buy now…bottom is not yet here. Patient buyers will be rewarded long term. The way the market has been moving we will see under 190 levels in no time.
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I already stated where to buy here, more than one time. If you don’t trust my prediction, don’t cry later. If you do, send me a tip after you gain 5x on your stash in mid december: t1UmqLKvJw6fGvazXTpmLzUdGzJR9cc4NDb
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BTC at 5800+ on Coinbase OMFG!
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and ETH going UP, its good for ZCASH miners
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https://hacked.com/trade-recommendation-zcash-7/
they’re a day late, but this is pretty-much on point.
side note - the $300-400 range is chump change.
3 separate test pumps have confirmed $450ish.
$500-640 range is my sweet spot
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@kek you said buy at 236$
@mrdazz you said buy at 190$
So i buoght on 236, sell on 252 and want to buy 190
Or this pump can continue? Look at price now please!
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be ready, i expecting big jump in few days
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@ Zoro & MrDazz
IMHO either your Analysis is off or you guys are whales and trying to put others on the wrong side of the trade so you can profit from them…
My indicator says this…
Say hello to mr chipmunk (AL888)
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Well, BTC was $5.8K today ZEC… Not so impressive
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You got to remember that while zcash is proof of work it’s probably going to be bearish most of the time just because electricity bills have to be paid but at least it makes for a consistent Market pattern
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So you think that now it is good time to buy zec? Yes zec/btc price is good. Maybe better for last 6 month. But zec/usd not so good…
Btc is already pulling back a little, some people like myself have already the sats off and came home
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My position is currently in BTC for the weekend (looking for my 3%-5% gains), but ultimately I’m watching ZEC for real movement. As long as BTC keeps making gains you can probably expect ZEC to remain at its current level with minimal positive or negative movement (+/- $5 USDT). Though a significant gain on BTC could cause a larger drop in ZEC.
Once BTC levels off, or even pulls back a little, keep a close eye on investors retreating back to ZEC as there is a likely 30%-50% upward position gain.
However, the closer we get to the BTC fork date, the less likely that will happen before the fork. Still a week and a half until the fork so there is plenty of time for market corrections to come and go.
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Not really the right thread to post that.
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Corrected mate! Cheers!
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I heard that BTG has already been forked, anyone has reliable information about this?
In November BTC has another fork (segwit 2x) so maybe double BTC rally?
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October 25th is the BTG user initiated fork date to equihash mining of Bitcoin (next Wednesday). BTG is expected to be available by trade on exchanges on November 1st. BTG group outlined the date on Twitter.
This could bring on some relief to our miners who have been dealing with hyper inflating difficulty recently. Not really sure if that will have any real impact on our market price though. We’ve tasted $400 and want more.
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I have already noticed that mining is getting a little easier. Don’t like the price at the moment though. Always felt comfortable when ZCash was around $250.
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leg-up is immanent … will happen any day now.
amazes me people are still selling @ current levels. oh well
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according to timing of >>> 2nd support accumulation << don’t lookup this term! i just made-it-up!! looks-like, we’re going to have a nice birthday rally… imo
(the term 2nd support accumulation describes leg-up accumulation; leading to a rally)
we’re building rock-solid support @ current levels… we’ll have no problems using this support as a nice foundation to make our jump from… we’re talking days, not weeks…
usually takes around a year of accumulation for MMs to get their fill (especially when there’s no ICO, or premine)
thing that really excites me: kek.gg
after test pump; test pumpers performed a brutal stress test, but the market never capitulated.
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News for BTC:BTG fork is losing confidence in the last 48 hours due to some technical limitations of BTG (no Replay Protection, google for more details). There has been a lot of heat on BTG news of potential scam.
This is likely one of the main reasons for BTC not skyrocketing like they thought it would (last week’s projections were around $6200 for today). Main part is because most exchanges won’t accept a currency without replay protection.
This means we could see some slight gains in ZEC this week, though I would expect ZEC:USDT to stay under $250 until the fork actually happens (but that’s still a nice 5% margin for this week, I’ll take that every week). Honestly, I think the real winners for the fork will be those playing the alt currencies like ZEC, not those banking on the fork.
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the protection should be added shortly on GitHub
also replay on their FB site confirms protection is there
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the protection should be added shortly on GitHub
This is the “scam” people are talking about. Basically, BTG was a failed ICO that is now doing a live fork instead. The concern is that by not making it live tradeable immediately on exchanges, this is effectively the same thing as an ICO where the initial investors (developers) are the only ones with the ability to trade it first at the best price. Normal people won’t be able to trade BTG until around November 1st (2 more weeks after fork).
Same argument on both sides, BTG saying it’s not a bad thing and evidence that the coin is being improved after launch, others saying it is a sneaky tactic to swindle some money. The truth lies between the two (and probably a bit of both).
Either way, I believe doubt in BTG is good for ZEC and this is free advertising for Zcash as they are selling it as “same mining algorithm as Zcash”.
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of course it is bad for all other GPU mineable alts we will lose hash power once mining pools are started if they will be started … well only time after the fork will tell if it will survive or not. in case some bigger trading platform will announce it will add it to the portfolio people start to believe in it since they can trade it
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I’m definitely no expert chartist (but I’m trying to learn…)
From what I’m seeing… I think this indicates a reversal tomorrow… Maybe $245?
I see that we are in an oversold condition (bottom rectangle), Bullish MACD Divergence (higher slanting histogram with a lower slanting price), and currently emerging from a deep negative histogram, also with the MACD crossover of the Signal line.
Would love some feedback on this analysis from some of the experts on the thread…
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No expert here…
MY GUT SENSES ARE TINGLING:
zec → 200/180 late october
zec->480/500 late november (after the storms)
Hope to be 100% wrong and that zcash > bitcoin tommorow!
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be ready next push test
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BTC and ETH just crashed while ZECshot up. What’s moving this?
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ZEC is/was trading @ support (bottom)
time to speculate!
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So where do you think will be out point?
Resistance level i think on 250$, we hit it or not?
Just your mind. Only about today.
To the moon
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its good news, but i did not know if this is in long term period positive or negative news for zcash ?? Is Quorum directly bound with ZCASH, i think that not ?? Only use technology tested in zcash… but what it means ? Dev team will more focuse to private projects ?? but then they will not have enough time to ZCASH project ??? … so many question about it … I apologize, but I am naturally skeptical
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means they were successful with integrating ZEC tech (not XMR, or dash tech), and hopefully : D we’ll get our engineers back!
side note: it’s never a bad thing to have a large financial institution working with the dev team of your coin!!
side note 2: with J.p. morgan using zec-tech, might make some larger us exchanges (coinbase/gemini) feel a little more comfortable adding zec to exchanges.
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welcome back! i actually missed you.
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Hello! Have you some new predictions for us?
#1 zcash fan is backkkk!
sooo… do you?
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Very good news the article basically explains how JPMorgan contacted zooko with interest to implement ZK snarks into their own blockchain and apparently has gone over so well they want to continue working with zcash Dev team in the future, zooks my man!
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well that depends on the point of view more dev power for JP morgen less dev power for zcash
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finaly - market will decide wchich kind of news it is
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JP Morgan will bring nothing good to ZEC. Again, stop fomoing pointless news. You’ll dig the price down just like a few weeks ago.
JPMorgan showed they’re immoral manipulators when they threatened bitcoin’s relevance and bought a lot after the price went down.
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The articles about Quorum using ZK snarks and about how they asked zcash Dev team to help them with it because they’re the best, like kek said, they could have sought help from xmr or dash or even eth because they all use zk snarks, it has nothing to do with jpmorgan’s trading practices, only the system that their money gets sent around in and who they trust to handle it
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LOL speaking of trust do you thing people will trust JP morgan after they showed how rotten are they ?
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https://cryptovest.com/news/japanese-exchange-bitflyer-adds-monero-zcash-dash/
side note - bitflyer (possibly) added zcash
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finally some good news
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I’m a strategic analyst, have a degree in economics, worked decades in financial institutions, did time at a bank, and day traded vanilla stocks…I have one thing to tell you…
All the tin-foil hat trash talk people do about the “evil financial industry”…all 100% true. They are rotten to the core.
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Any time Zcash and JP Morgan are mentioned in the same sentence I get a little nervous. I know not to underestimate the masses of people who will read that and this “good for ZEC”, but I don’t believe anything good will come from JP Morgan being close to ZEC in the long run.
Have to keep in mind that ultimately we are at odds with the fundamentals of modern financial industry. The CEO would see cryptocurrency outlawed if he could…and he probably is funding lobbyists to do just that. Anything crypto gains in the market is a loss for traditional financials.
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You just won the thread today! I was guessing our needy Panda was gonna take the title but your post knocked him over the top rope!
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Okay guys maybe you’re right and maybe I’m wrong I was trying to think of some really clever way of Defending zookos decision to which I am in agreeance with( it almost sounds like some of you guys lost money with JP Morgan and I hope that is not the case) but I think the easiest way to say it is number 21 on the Fortune 500 said we trust zec dev team with our money, I think that’s pretty big but like I said I may be wrong, been wrong before
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imo, there’s no right-or-wrong here. CEO’s job is to make money for their company. if you notice, most headlines say “integrates zcash tech”. this will cause people who aren’t woke to research, and possibly support ZEC.
funny-thing-about this: with SNARK integration; JP morgan’s “block chain” is better than 90% of current alt networks.
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It’s quite humorous - and disheartening - to hear people bash cryptos, calling it a “Ponzi Scheme” or “based on nothing”…such comments only express the speaker’s ignorance of all of it. It’s frustrating, too, for the reason that any negative talk of cryptos in general make it harder for more adoption.
Ironic that the same outfit to give ZCash a boost was the one to kick BTC in the nads. Perhaps if Zcash had a sales pro - or a staff of them - they could license their technology to other banks or create private blockchains for financial institutions taking advantage of ZKs.
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tbh, i don’t care about their opinions on cryptocurrency (never have). market obviously doesn’t either. i do like the coverage we’re receiving. coverage paints ZEC-tech as legit, and team as very competent.
really think large US exchanges might consider adding ZEC since JPM integration’s making the tech less spooky for US compliance officers at said exchanges. seriously, this is something to keep an eye on. addition to large US exchanges = mewn fuel
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At critical levels guys…225 breaks and we go to 200 then…i re entered a small position just in case…will wait to see how this plays out and enter according to that…nov is when the real game commences (>$600)…safe trading all
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averaging-up my cost this AM!
one day people will figure-out you don’t sell when the market’s weak. oh well lol
side note - i’m really enjoying the uptick in volume. always wanted to see us maintain at least $50 million a day…
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A drop in price always causes people to panic. It’s a good thing though. Makes it cheap to buy and easier to mine. In the end it’s a win win for the smart ones.
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I also hope so and stay calm
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i feel that right time to buy just coming
lets speculate …
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i would wait for the next week BTC fork
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My ZEN mining seems to be paying off… wtf. Time to dump
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@ Kahooli
Good job !
Had the same guess about ZEN, but dumped it @ 14. Bummer
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Did not follow my instincts all the way through…
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Yea and should be quite tempting to invite zcash miners over to zen. Wish i had mined more, nothing new…
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Could be JP Morgan pumping ZEN
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not so good news for everyone in US
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It will just force US customers to Coinbase or Crapen (Kraken). How much do you want to bet the major US financial institutions are going to start offering crypto currency exchanges in the next year. This would blow the anonymity aspect of crypto out of the water.
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well i bet there will be some “lost” tokens and i hope it wont by any high numbers …as for your question about the financial institutions well i live in EU i dont know how it is in US regarding cryptos but i dont thing any of the financial institutions wont offer them based on reading over and over that the big guys call crypto a bauble and ponzi
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Giving negative press is the easiest way to acquire something. Telling people something is a bauble or a ponzi scheme will deter them. It’s all smoke and mirrors on their part. PT Barnum said that their is a sucker born every minute. He labeled the exit as the main attraction and people payed to go through it. The financial institutions will do something so that we dump our crypto so they can pick it up on the cheap. The US banking system is the most corrupt in the world.
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like JP morgan did with BTC lately u thing the big players start to offer the cryptos next year ? …i never was in this financial stuff iam more a tech guy work in IT segment since i finished school 12 years ago
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I’m in IT as well, but have always had a knack for financials. I’ve always been able to pick winners. That’s why I started mining ZCash. I knew it would be a profitable venture in the end.
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FWIW Secure Cryptocurrency & Bitcoin (BTC) Exchange | bitFlyer USA
might try bitflyer when available (especially if they add zcash)
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thx mate i do my trades on kraken even when it drives me crazy sometimes with the “occasional”(every day) big delays and site crashes
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no problem! that was mainly for the lurkers …i’m with you! i don’t mind kraken. they can make improvements, but i’m good with them.
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I use Kraken too. The interface is a bit lacking, but it has all the nuts and bolts you need to trade and buy. Their customer support is good in my opinion, and their verifcation (I’m Tier 3) goes quickly…
Tether, on the other hand, takes months…I’m still waiting after 4+ months there
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4 mounts wow and i thought 1.5 mount to get the T3 verification on kraken is too long
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I only use Kraken for conversion to a currency that I can move to Coinbase and get out in less than 12 hours. Got tired of Kraken’s excuses when it came time to transfer the money out.
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If only Coinbase included ZCash…I’d move my ZEC from Kraken in a minute. ZEC on Coinbase would be good for both…and all of us
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Indeed, if we all think it, maybe itll manifest! Monk style
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US citizens have the most mobility in the world, just change country if things get very bad, decentralize yourself.
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That would be sooo good.
The Secret style
1.GERMANY
2.SINGAPORE
3.SWEDEN
4.SOUTH KOREA
5.DENMARK
6.FINLAND
7.ITALY
8.FRANCE
9.SPAIN
10.NORWAY
11.JAPAN
12.UNITED KINGDOM
13.LUXEMBOURG
14.SWITZERLAND
15.NETHERLANDS
16.BELGIUM
17.AUSTRIA
18.PORTUGAL
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You realize they have tiers right? So USA is 4th and the difference between the 4th and 1st is almost none (check on the compare)
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At the rate we are going it looks like we are going to hit $200 today. Hopefully that will be the end of the valley and we will start climbing the mountain.
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It’ll only go up after the fork. Everyone is piling up on BTC. Then after the fork we need some front end news. Easily can go up from there.
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i actually don’t get these types of PMs very often. being the case, figured i’d share the PM i received:
“Hi Kek,
Have some info from people that have big farms, about 30000 cards… They have told me that Eth will reach 1400-1800$ during middle of next month, November.
They told me that Eth will first have big jump, after him Zec will also have jump in price. Just wanted to share this info with you. Maybe you can do something with it.
Best regards. (:”
figured i’d post it in the speculation thread, to cheer people up a little.
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I ZEC is going to rise in price in the coming weeks. Right now I am using the price drop and the cold weather to accumulate more ZEC. I figure I will sell when that jump happens to expand my farm and acquire more as I know difficulty will go up. I would love a 30000 card farm, but don’t have the space.
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There are too many miners that need to pay eletricity bill for ETH or ZEC to keep a +100% jump for more than 2 days. See what happened to ZEC after Bithumb news buy.
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How does anyone know what’s happening tomorrow?
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it’s rare for anybody to make a call like that to me via PM.
take it for what it’s worth!
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I hope you guys bought the dip I called:
Be kind and donate after your 4 up to 5x gains: t1UmqLKvJw6fGvazXTpmLzUdGzJR9cc4NDb
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Thanks for the info. Hopefully it will calm some people down. Someone once told me that a person hasn’t lost or gained money until they sell. That is the way I look at these downswings. I bought my last little bit around $221.00 last night and will mine as much as I am able until the price goes back up.
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Ok people…we have just completed a head and shoulders patter on the weekly chart…not good for us…looking at a price of 175 soon along with a a possibility of further breakdown…we have been holding 200-215 extremely well and have formed a good support here though…
However the good news is that we are still bullish long term…600+ end of year and 1000+ Q1 after sapling…
I still believe we are the only coin that has the possibility to be at a 1:1 ratio with BTC long term as per the Zec chart (price will revisit the initial high price during the launch for sure), however when this happens is unknown…
Keep buying and averaging your cost… Cheers!
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Plus it looks like @kek’s prediction of $800+ by December is quite possible at this stage…
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If ZEC would hit 1:1 with bitcoin at some point. Will it be able to handle all te traffic? At some point in the past(few months ago) there was some massive network congestion.
Are we even ready for this?
I have always thougt there is a future for the platform hitting levels like that. But it worries me that there could be some major scaling issues. I definitely like to hear everyones thoughts on this!
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Interesting point…however I do feel these issues will be addressed by the Zcash team in the future as and when necessary (just like bitcoin developers did…did thy really? )…there isn’t much day to day transaction volume imo…majority are mining and holding,…even the whales imo…the low supply can also be accounted for this as <10% of total volume is in circulation (excluding the founders reward) and people want to accumulate as much as they can…once this happens it will be good to see some transactions going on…the shielded transactions requirements will be significantly lower after sapling and this will lead to a greater no of private transactions being generated and used, which is what we want…
However I do hope our future scaling resolutions won’t be as fucked up as BTCs…nobody need a Zcash gold, Zcash cash and a Zcash 2x…
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Yeah I think I’m going to go ahead and just put mine in the 10k’s+ range, beat the crowd!
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I don’t think that we will see a similar situation as with BTC, I don’t see Zooko and his team dissolve into thin air like Satoshi Nakamoto did.
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A That’s true… I feel Zcash has one of the strongest dev teams out there…they will work out the best solution to address any scaling issues that may arise…
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For those who feel like testing the bitcoingold water, apparently there’s gonna be some monstrous whales right off the bat, along with a bunch of other giant red flags, careful…
Bittrex Issues Official Statement About Bitcoin Gold, Warns Users
via Blockfolio: goo.gl/p95yia
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Hey, its below 0.035
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LOL…you act like I’m not putting my money where my mouth is already!
C’mon baby! Daddy needs a new pair of shoes!!!
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No FUD here…Black Friday Sales can suck it! We’re shopping on the clearance rack now! I’m excited for where this is going to go.
Unfortunately, I think the upcoming B2X fork in November might delay our ZEC gains until DEC.
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They’re giving it away at 202 USD…mine…hold…buy…hold…repeat
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i would rather mine …sell on top…buy on bott…hold…mine repeat
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I would love to see some of these investment programs start accepting ZEC…especially Z-transaction transfers.
I’m in a couple that have been consistently paying out 1%-4% dividends daily but I have to convert to BTC most of the time to transfer into them. Can’t really do that until BTC:ZEC ratio gets back to normal.
a couple have recently started accepting Monero and I’m all “facepalm”
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I figured out why Bitcoin gold has so much hype around it and literally comes down to the fact that it has the word gold in its name so therefore it is automatically assumed to be better. This is based on real-world things like gold credit cards, gold membership deals and packages, assumedly better than their non gold counterparts regardless of whether or not they actually are. Whoever came up with Bitcoin gold understands that most people don’t understand how their minds work when they see certain things like glyphic patterns that spell out gold. Here’s an example, ask someone who knows not a whole lot about cryptocurrency whether or not if given the choice they would buy Bitcoin or Bitcoin gold. Even if they did the research their first impression is Bitcoin gold is better because it sounds better because gold is better. Mindgames people, be careful
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Good analysis… might I suggest someone create Bitdollars, or Bytecoins under the same logic.
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Hehe, not really. It’s a play off the Bit Gold white paper by Nick Szabo. It was back in '98 and a predecessor to the bitcoin white paper. The reason it was “gold” was as a decentralized digital asset platform as an alternative to other asset investments, like gold.
Suppose it could have been called Bit Silver or Bit Platinum.
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I was thinking bitcoin Platinum might be next (i like bitcoin tantalum, its fitting) then even more absurd eventually bitcoin universe, bitcoin goggolplex, infinity, then it would have to be something Chic like bitcoin carbon, bitcoin oxygen, bitcoin prism. I don’t know what it is with people but they like that kind of stuff
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Yeah it’s just human psyche, Platinum is much more rare than gold is but gold is more expensive, its had a giant effect on human affairs over the past few thousand years
Edit- so just tell your friends that it isn’t their fault per say that the idea of Bitcoin gold appeals to them (or anyone else) it’s just that their visual cortex flashes an image of actual gold in their minds, albeit for an instant, which releases some kind of chemical reward serotonin-norepinephrine whatever which they interpret SUBCONSCIOUSLY as a green light.
Edit-obviously a blind person won’t see the image of gold in their minds but assuming they understand its value will be affected similarly, possibly more so, but through other senses and memories pertaining to
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There is already Bytecoin
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You are oversimplifying it
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Most people think that most people think.
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I hope i dont get ban for posting a link, i broke the link so its not officially a link: just remove the space infront of https for an interesting read.
[Edit by @daira: restored link. Generally you won’t hit the spam filter unless you post multiple links to the same domain.]
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ameno
@kek so what is your prediction for today?
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don’t like making daily predictions in public (went against my own rules a couple times on this, and didn’t like it)… i’m sticking with my original forecast… basically, was pushed back about a month due to latest BTC shenanigans. i see ZEC recovering to $300–but $300’s will be gone in a blink. $400 will be the new normal… thinking by mid november we’ll see ZEC start testing +$600.
the people selling @ current levels are litterally being ripped-off. oh well!
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Im gonna hedge on that a little. Something about the last month makes me less confident we will find consistent 300+ prices this year, but we will be pushing 450-500 for a short period some time after the B2X fork in November.
However, this is somewhat new territory for this coin as it’s only 1 year old. I can’t say if the holidays will be a positive or a negative impact on price for us.
ZEC as a Savings: Normally the holiday season is a good thing for markets, but not for savings mechanisms, which ZEC is looking more and more like. (price stagnates/slips a little)
ZEC as a Medium: But, increase spending with an up market could also mean increase demand for a currency that can “wash” the history of your earnings/spending with a z-address transfer before cashing it out/spending it. (price goes up)
The silence after the fork
yeah I thought the price was a little cheap too
silence before storm
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My 2 cents. We have a very active mining community but what will drive the Zcash price is its usability. We are still a long way away from this and barely anyone is actually transacting with ZEC as a result. There are some developments to be released soon such as low memory proving and delegated proofs which will help but I think we are going to have to wait until Sapling to see any meaningful and sustained move in the currency i.e. 2018. We’ve consistently seen any pops are opportunities to be sold. Fortunately, there does seem to be a strong floor of support, therefore I expect us to be largely range-bound for the foreseeable future.
I do believe Sapling has the chance to be a game changer with regards to adoption in that z-transactions can be feasibly implemented in a mobile wallet.
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From almost a year ago, looking good so far!
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I wonder what happened to the trader who used to post in this thread and was actually trading zec on margin. Hope his account didn’t go to 0 (or worse).
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What if the rumors about amazon would be true and amazon starts accepting bitcoin?
I think i’ll give bitcoin a crazy boost. But will this be at the expense of Zcash and other altcoins?
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Amazon accepting Bitcoin would be great news, getting crypto, even if only BTC for now, to the masses will be a great boost for everyone. Although, altcoins will suffer on the short term, i think that on the long run it will be a good thing. Imagine in a few years ZEC on Amazon or Ebay or something like that…
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Pay attention on zec guys. I think something is starting…
When I mention cryptocurrency to anyone they kind of give me a blank look. If Amazon were to start accepting Bitcoin and other Altcoins it would give us a lot of attention. Other major retailers would jump on the bandwagon to stay competitive. This would drive prices through the roof.
Also in the next few days ZEC is going to make a huge jump in price. There is a massive surge in the mining pools right now. Maybe my thought of selling at 220 was enough for my bad luck to drive the market up. 
Is it because of this?
https://www.sec.gov/Archives/edgar/data/1720265/000095010317010226/xslFormDX01/primary_doc.xml
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imo, amazon would be just-as likey to accept zcash, since amazon did help fund ZEC via an AWS grant!
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wow the USD market looks much much better then the EUR market
South Korean currency has biggest zec volume of all fiat currencies. Edit: Oops it was yesterday, today USD is winner.
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well, if that’s where the volume is, it’s about midnight over there right now. Another 6 hours or so before we would see movement again from them.
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from where do you get this info cpuld you pass link please
Yeah, here you go: Zcash price today, ZEC to USD live, marketcap and chart | CoinMarketCap
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Perhaps the ~210 USD floor held for the time being. I’m interested to see what the next several days/weeks will bring for price.
Yeah, I’ve been sitting on a lot of mining earnings that need to pay out. Really hope it isn’t too much longer before some price bump. Capital is getting low.
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The price is fluctuating rapidly. My thought is we are going to see a drop this weekend followed by an increase. To be honest I have always been comfortable selling ZEC at $250. I’m in same boat with capital being low. I want to sell to expand my operations, but right now is not a good time.
Here’s my 2 cents on whats happening
We established a very strong support at $250ish levels after the recent jum in price 3 weeks ago and when this was broken it consequently became a very strong resistance. We will test 220 levels gain and may go back to 200 as well before commencing the next leg up to $610 by mid november which will be followed by followed by a 40-50% correction and then go back up to $900-1000 which may coincide with the release of sapling or even sooner…
As i have mentioned many times, 195-220 is a very good buying range…
We are still bearish short term but super bullish long term…once we commence the next leg up to 610, we will not see 200-250 levels ever again imo…
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The big question is is when is sapling going to be released. It could take months to for it to be released, if they find any last minute bugs. Working in the IT industry I’ve seen software updates get pushed back frequently. If we are going to drop to below 220 now is the time to sell. Hold that money and pick it back up when it drops.
Sapling will allow for the price of $300+. True no one knows when in 2018 it wil come out. Everyone is waiting for ZEC to go up a little to dump their ZEC. with this mentality it is not easy for the price to go up smoothly.
Happy Birthday ZEC!!! @zooko
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Uneventful weekend. I was hoping for a birthday present. Great first year for a crypto though!!!
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There are some big ZEC purchase orders showing up this morning. Multiple orders for 300+ ZEC. Maybe it will be a happy birth-week.
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From where you can see this purchase orders?
Purchase orders are visible on the exchanges live. Careful what you are looking at though as bots often place and remove large orders quickly (before they can be filled) to give the illusion of market activity when there is none. Look for the larger orders than don’t fluctuate in volume amount until it’s at the current market price.
Right now for example, there is a 300 ZEC sell order on Poloniex at market value keeping the price from going above that point (actually driving it down as people undercut it to sell their own). Likely someone trying to sell and get into Bitcoin for the current bump happening over the announcement that a major exchange will start futures trading BTC.
At what point do the speculations stop being speculations and start being wishes? BTC up to $6,300 ETH up to $306 and zcash is still hovering at $230 for the last 5 days with no real movement. Seems like people aren’t buying into it as they may have hoped.
A measly $7M volume in 24 hours. Seems like Zcash is simply losing any sort of notability and is fading into obscurity. To be honest, there may be great tech behind it, but the Zcash team has done a very piss poor job at marketing this. I know they have a position open, but jesus, time to simply hire someone and stop pussy footing around. Doesn’t matter how good your tech is, if no one knows about it, it will fail (think Betamax vs VHS and HD DVD vs BluRay).
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I think you’re being a little over dramatic. While zcash could use a marketing boost, there’s hardly any point in doing so until the resource issue is resolved (and it is, but hasn’t been released yet).
Once you can move money using a shielded transaction within seconds and a fraction of the memory that’s currently required, I think we’ll see that boost in marketing. Until then, what’s the point? You can’t even use shielded transactions on a mobile device at this point so it would be an insanely poor use of resources to market it as is.
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At some level i think i agree with you, However i also disagree with you.
As stated in the post above yours. Someone has a massive sell at 300. Which i holding the price down. It seems there are some whales that are keeping the price down. Once they are ready i think the price will sky rocket. They are created a false floor IMO. I am not an analyst but that is my opinion, for what its worth. It is frustrating that we never seem to gain momentum. We have been sitting around 230 for months. We have small spikes ,but they get shut down as soon as they start. I believe someone is manipulating it that way.
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Just gets frustrating seeing all other coins start to gain upward momentum and, here we are with Zcash, sitting at 230 with no movement whatsoever.
Learn how large operators/whales work:
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My charts show that next ATH will be around 17-18th Nov…
OMG with the now now now when when when…
ETH was released in July 30 2015 and didn’t reach USD $200.00 until around May 30 2017, 2 YEARS later
LTC went live October 13 2011 and its all time high is USD 93.00 and is current in the 50.00 range
Dash was released as Xcoin in January of 2014, then did a rebrand in 2015 and didn’t top $200.00 until Sept/Oct 2017
Zcash has just recently turned 1 year old, and is doing better than any crypto currency before it.
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Crypto articles are the most biased things ive ever read, theyre contrived from meaninglessness because there’s usually no real news but its how theyre paid so they gotta write something like " bitcoin price reaches all time high market gains absolute confidence" ; please
Might as well just do a cryptocurrency version of The National Enquirer, something like this-
SCANDAL! Unknown dangers of zk-snarks, Paige now glows in the dark!
Is Zokoo from Mars?! This Montana man says yes!
This Brazilian woman’s crypto wallet freezes, captures image of Jesus on screen!
Plus horoscope!
Edit- new Dead Sea scroll Revelations; it was a blockchain!
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It is from obscurity that tenbaggers appear.
My observations have been that ZEC tends to miss out on the other currency movements. If something big moves bitcoin, then people leave most alt currencies and go to BTC. From what I have noticed, people tend to move into ZEC specifically when BTC is stagnating. This likely won’t happen until after the 2X fork on the 16th(?) of November at the earliest.
Also, the last three peaks happened at the end of their respective quarters.
- 2nd Half of March: $90 (highest point to date in 2017)
- 2nd Half of June: $449
- Sept 27th: $409
Only 1 calendar year, so not that we can really draw conclusions (but this is speculation, right?). But this is definitely an interesting pattern. It would mean our next spike would make for a very merry Christmas.
Don’t get me wrong, I’m a miner and I REALLY need a spike in November. Got bills need paying.
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When this Bump happens which everyone is waiting for What exchange is going to be the best to use?
once sapling hits people will slowly become more aware of exactly how much of their personal information associated with Bitcoin, this supposedly anonymous cryptocurrency, is being tracked and sold
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After looking at the price this morning I wish I sold a little last night. Could have picked up a tiny amount. We are going to be bearish for a while and that is a good thing. I wouldn’t worry with the price it’s at right now. If it falls below the $200 mark, then I would start to get nervous. I would personally like to sell right now to fund expansion of my mining operation.
You know things will get better when @AL888 shows up to tell us ZCash is going to tank.
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hahaha whoops lol
anybody selling ZEC at it’s bottom to buy BTC when hitting ATH is a bad investor. bitcoin really is garbage.
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The “Panda Indicator”
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Going back to what I said before about associating Bitcoin gold with real gold; not even gonna leave that up to chance
Bitcoin Gold Team Touts Safety Update Ahead of Coin Release
via Blockfolio: goo.gl/p95yia
We are getting royally fucked…good price to buy though with btc or usd…
Zcash has been very volatile over the last month. The price will rebound. It was down to $200 a few weeks ago and it went back up. Give it time. I know we are in trouble when the overall hash rate of the mining pool starts to drop. Besides the spotlight is on Bitcoin Gold right now. We just have to wait until that storm passes.
Wow, BTC over 7k, I remember seeing an article back in June or something like that stating that in 10 years BTC will reach 10k… well, it doesn’t seem too far fetched right now.
Sad really, it’s like that story where that Russian sold novelty physical Bitcoins to the old people who didnt know any better, plus a new malware story that should only affect people who dont double check that address! It affects zcash too
Cryptoshuffler Proves Bitcoin Owners Susceptible to Malware, Steals $150,000
via Blockfolio: goo.gl/p95yia
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Always check those send addresses every time! I use stored payment templates, but even check them every time
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Here’s the thing though, in order to stay relevant, you need something no one else has. With ZCash, that was the anonymity tech. Now there are people out there developing the same tech for Ethereum. ZCash doesn’t have anything to “wow” investors right now. There’s no news from devs, there’s no marketing campaigns, there’s nothing. Meanwhile, you are seeing BTC explode.
Personally, I feel in the VERY long run, BTC will win out and other cryptos will pretty much start to disappear. Volume and adoption are king. Right now, ZCash is nothing more than a cool idea. You can’t really use it for anything other than market trading.
You obviously haven’t read the snarks technical paper because good idea doesn’t even begin to describe zcash’s potential, thats what you should read, not fake news (I wonder how long before Bitcoin the broadway musical)
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The thing is, your comparing coins that have been around for YEARS compared to zcash which just hit 1. It is doing great for the amount of time its been around. It seems if its not competing with the god fathers of crypto everyone thinks its failing. It is SOLID and growing, so what is it that is “irrelevant” about zcash? Other coins with less features have gone years before fading away.
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well i didn’t see any panda forecast last days and well i miss it
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Very interesting thing. Just bought a GPU from Newegg and saw that they now take Bitcoin. This is one of the first major online retailers. I can see this driving Bitcoin prices even further. Other cryptos could be next.
Newegg accepting Bitcoin is nothing new. They’ve been accepting it on and off since 2014 if memory serves me correct.
Edit: Yup Newegg Now Accepting Bitcoin | PCMag
right time to buy or is late ?
nice buy order
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What can happens with the price with this big buy?
I already knew it was going this route for the moment. I expect to see a drop with a rise in the next month.
So is this an end of this thread ? Or everyone just busy trading ? 
There is often silence in here when nothing is happening.
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@kek been a while since we heard from you! What’s your take on the hacked.com mention to trade for Zec? And still enroute for the gains in the later weeks of November?
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zcash time what do you expect with this movement ? trend change ?
i’m more bullish. imo, $300-400 range is a pretty safe trade.
here’s what i’m looking at:
jan-may accumulation
leg-up
july-nov accumulation
leg-up if we follow the same pattern.
anxiously awaiting SEC approval on the zcash investment trust. should be fairly soon!
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I get good feelings when I see the panda indicator pop up…that normally precedes a positive price bump. Kraken has ZEC at 243 USD right now, which is up from ~232 ish earlier today.
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My bad but what exactly is a Panda indicator? Could you guys help me with some resources to go thru to understand all this a wee bit better? Thanks!
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scroll up see the pandas …there you go thats and panda indicator when the pandas appear
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But beware of the copycats. AL888 is the only real panda indicator
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Lol alright…meant, what is the indication supposed to signify? I’m only aware of the traditional bull and bear as used in conventional trading… So panda for a crypto is a good sign?
it is just local here on forum dont apply it anywhere else
I have a funny feeling about him. Whenever he makes a prediction the market seems to move. I wonder if he doing this in a capacity elsewhere?
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That would explain the sudden upward movement in altcoins. That’s good for us in the long run.
soo are we finally going for a bull run ?
Careful, pandas are notoriously mischievous, but so cute
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Idk, just posted here this interesting information. Im in ZEC already and im waiting…
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SEGWIT 2X is not coming! CANCELED!
How should this impact ZEC ?
Btc is all up in arms right now, apparently bitcoin.com is now on the bitcoin cash chain, supposedly bitpico with 30% or so of the total btc hashrate says 2x is happening regardless, so we’ll see
SegWit ‘Death’ Challenge: BitPico Vows To Fork As Bitcoin.com Goes 100% Bitcoin Cash
SegWit ‘Death’ Challenge: BitPico Vows To Fork As Bitcoin.com Goes 100% Bitcoin Cash
via Blockfolio: goo.gl/p95yia
Scared BTC owners flooding into altcoins right meow.
Looks like things are moving up for a bit. Curious to see how high it takes us…
Some positive movement finally…I like it…Panda Power!
Good luck guys…let’s hope Q4 goes out with a big profit for everyone!
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Hmmm…$270 ceiling today? Anyone think we will break it?
Let’s hope BTC doesn’t slip too much or else we will be coming down with it. A nice slow-down / stagnant BTC means gains for ZEC. A dump scares people in all currencies.
many exchanges are exceeding 270. Bithumb is holding the average down
from what i can see poloniex has been trading lower also. I missed one trade by 2$… i need it to drop just a bit, then go back up lol.
Bitcoin Gold Sets Sunday Date for Cryptocurrency Release
via Blockfolio: goo.gl/p95yia
SUNDAY! SUNDAY! SUNDAY! Bitcoin vs Bitcoin Gold! Forkbowl! Get your tickets now! We’ll sell you the whole seat, but you’ll only need the edge!
Edit-just kidding, but this internal dispute certainly doesn’t instill confidence
Good for GPU miners if this coin is a success.
True, although i believe that Zcash is already a success and, if not, cer
Edit- certainly upon the precisipus, sorry big thumbs
On track…need to break above 315 with a nice big green candle and we are set…
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Optimistic!! Nice forecast, now let’s just sit and watch!
It’s the fucking fork uncertaintity again that is holding all alts behind in a way…but i dont see us going below 225 ever again…
as we bounced back to those levels within few hrs once we got to 200-205 few days ago…its a very very strong support now and as mentioned previously, 275 is a strong resistance followed by 310-320 which is the top of the rectangular channel we have been trading within…
Confirmed bull run will begin once we have a green candle with over half its body closing above 315…then we will fly to 400 within no time…
Still can buy imo or wait for a small pull back (donno if this will happen though)…
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We are flying guys…
If this keeps up we are going to hit $300 today.
What is responsible for this sudden pump?
down …
Yes but probably not… remember that it can be a trick, or just trying to sell on top and buy on lows more coins. As Mrdazz said we a bullish and we have prety much time, no need to hurry with it. I think that it is a trick with panic move, miners scared now and selling ZEC for 240-250 because it is better than 220-230, but they are blind at all, those who buys now on 240-250 will sell it on 300+…
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like taking candy from a baby
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Love the price and want to sell to expand operations. Would love to be able to double my output and get more ZEC for the long run. Still shooting for that 1 ZEC a day mark. Then when it hits a $1000+ I can sell and retire.
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Axiom - be prepared .
its ok, it was joke of actual situation …
and is friday - safe haven time
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Jesus…just woke up and saw we are back at 236…BTC dragging everything down with it…
i thing people send their money from btc to bch instead of returnig to original alts
Same thing… so we are bulish or not?
Holy mackerel! BCH is up to 979! I should have sold all my ZEC and bought it yesterday! Then I’d sell all the BCH today and buy ZEC…ho hum…
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who could know that the marked will focus on BCH only after btc will start to fall
This could have been a good hint! 
I get the movement happening with BCH because of the whole 2x thing…but I haven’t seen any good actually come of it. Actually, I’ve seen several services that previously accommodated BCH have stopped doing so in the last couple days.
point of uncertainty
“control 30% of the bitcoin hashrate and have made it disappear from the network”
BTC going to 5000USD Zec going to 175 the same sytuation two months ago
Personally, I think BTC is too big for anyone to have as much influence on it as they think they do. It has the name recognition, mainstream acceptance, real and regular purchasing power, and a history of sticking around.
Especially that “mainstream” part, I feel like all attempts to undermine it will ultimately be doomed to fail. Sure, some spinoffs might make some money, but all this “choosing sides” and “I’m taking my toys and leaving” blustering are all by people who vastly underestimate the power of “adoption by the masses”. It will be years before BCH would be able to overtake BTC’s market power.
What would be more likely to happen is wide-spread use of crypto in general through programs like ShapeShift. BCH has as much chance of making king as ETH, LTC, or even ZEC for that matter. All strong currencies, but all still dependent on the success of Bitcoin.
Nope sorry, were in the 4th wave now, the late majority, btc was first and thats all, why would any other cryptocurrencies fate (besides maybe ones with the same prefix) intrinsicly lie with bitcoin?
regardless of the “why”, you watch the market often enough it’s very obvious 99% of the currencies move hand-in-hand with whatever bitcoin is doing. It is very rare for a currency to have movement independent of a cause from Bitcoin. You want to know when ZEC is going to drop or gain? Usually it’s within about 30-60 seconds after Bitcoin moves in a given direction.
for the why…it’s mainly because bitcoin has the vast majority of real world fiat $ investment in the market cap. It’s 4x the market cap of the #2 (ETH) and 177x the market cap of ZEC (#16 at the moment).
Even if a third of that is lost / tied up in wallets that will never see the light of day, it’s still significantly more than the rest of the market combined.
As crypto adoption as a whole improves with technology and offerings in the next several years then we will see less dependence on BTC over time, but we are still a ways away from that.
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i don’t agree with you. btc price move from 3.500 to 7.700 but ZEC is still around 200-250
where is the correlation?
Zcashs price as well others, are influenced by the largest gainer this year (that includes all markets), huge amounts of money to make on flipping btc for zec or whatever, silly not to but btc fate is its own and probably will be of its own making. You dont actually believe those “infinite” price speculations, right? It cant go on forever
BTC can move independent of everything else, it’s less likely of anything else moving without cause from BTC. Of course there are always exceptions (we are hoping for one here in the near future with ZEC) but if you day trade long enough (doesn’t take long) it becomes painfully obvious that the only real force you can watch in the market to move the rest is BTC.
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I agree, people with the largest positions stand to profit most with the most valuable asset (its the only crypto i know of you can buy gold with and makes it immensely valuable) and are why one goes up while the other goes down (if one market graph is flipped over it sometimes almost fits right on top of another), so if by fate you mean its price fluctuations then yes absolutely affected by btc more than any other, currently. But if by fate you mean the circumstances involved in how the coin dies (the definition of the word) then i disagree. like you said, theres alot of money invested in bitcoin, its not gonna just vanish tomorrow, but thats not to say it cant eventually, inherent risks involved in all investments, and thats also not to say its vanishing cant take some others down with it, but not all of them
We’re Looking ‘Very Carefully’ at Bitcoin: U.S. Treasury Sec. Mnuchin
via Blockfolio: goo.gl/p95yia
Its things like this is why i say “of its own making”, it only takes a few (really dumb) bad apples who think theyre totally safe and anymous (ha)
Of course the U.S Treasury wants to get their hands in it all. I’m surprised that they don’t have a massive farm dedicated to crypto currency mining.
Heres some follow up reading (which actually pertains directly to zcash and money laundering), its a transcript from a seminar
An excerpt-
"JW: How is the game going to change? This goes to Zooko, talk to us about what zcash is. How does it differ from other digital currencies? How do you think this will impact law enforcement?
Zooko: First of all, zcash is not the only game in town. There’s a great demand both from all kinds of members of the public and also, to my surprise I found out about a year ago, a great demand from the financial industry like banks and exchanges and payment processors, all kinds of players in finance trying to use blockchain to disrupt businesses and so on. What I have also found out in the last year is that they are some of the most specific in demanding a specific kind of privacy, which is control over disclosure of data. A blockchain to me is kind of just a funny variant of a database. Zcash is one of several technologies which is attempting to satisfy this demand for a database with control over disclosure over who gets to see the data. Zcash does this by encrypting all data in the database, then providing decryption keys to the authorized parties. Therefore it’s not the opt-in type of privacy where everything is transparency by default and protected in special cases, it’s the other way around where it’s protected by default. It’s not like, as a lot of people start with the assumption that it’s the polar opposite of bitcoin, with bitcoin you can always see the blockchain, and then you can correlate what’s in the blockchain with other info. Zcash is not the opposite, it’s selective transparency where authorized parties can be granted the ability to see subsets of the data. And so, it’s going to, assuming the tech like Zcash or Zcash itself becomes widely used both as an open currency but also a fundamental tool in blockchain deployments in finance, your question was how would this change for law enforcement? Well, I am not a law enforcement expert, but I am an expert on cryptography. Everything you said so far on the panel… most of it remains true, but not everything. For example, we heard that a critical step in investigation is knowing your customer, anti-money laundering, that would be the same if the exchange was supporting Zcash and their compliance behavior would be the same, they would disclose the correct information to law enforcement when presented with the correct subpoenas. We heard Prakash say, clustering versus exchange, I forget the, it’s the exact thing with zcash as with bitcoin; the thing that changes, for law enforcement, you said it’s really important for enforcement but for auditing. This is a panel about law enforcement, but it’s not the most important thing in the world, and we’re not building products for law enforcement.
BK: You’re not building zcash for law enforcement. That’s not what we’re buiding for.
Zooko: It’s compatible with law enforcement. There’s compliance with financial service provider requirements. I agree there’s a lot more value beyond being compatible with law enforcement which we want with our open permission currencies. I was interested in auditing and long-term lookback. Because that’s also something that we do get into, it’s not obvious to people that all of this data is in the blockchain in zcash. It might turn out there’s a richer set of data that gets put into the blockchain in zcash because with an open transparent database you can’t put stuff in there that you don’t want everyone to see. But with an encrypted database, you could put information in there that is only supposed to be disclosed to yourself, or your future self or specific authorized party. So this is good for auditing.
in other words government can easily see what you do in zcash since they are the “trusted” and authorized ones…from when are the centralized governments a trusted site so much to be authorized to see what they want in a the private secured network ?..well i start to thing i may choosed the wrong coin when it goes into privacy measures …btw is zoco preparing to let tax office storm on zcash ???
horseshoe!!! was hoping you’d post soon
BCH at 1126…eyes rolling
I didn’t read the interview posted above in full. However, privacy is VERY important to me - and should be to everyone. I am expecting z-transactions to be absolutely private and shielded from everyone but the participants, Uncle included. I personally know all too well - and have lost WAY too much to the heavy hand of government - to trust a damn thing government actors say when it comes to making us great and all that nonsense.
Mnuchin is a criminal, and of course the US Treasury wants to “look at” cryptos. They want to control them or at least have the power to seize them when they see fit. Government wants to keep every tool away from the people believed to make the people more free or less controlled. Cryptos are something the which can truly set the people free from they tyrannical yoke of government control. That said, the only reason I like ZCash, mine it and cheerlead for it is solely because of its privacy. I’m not here for “privacy”, however…
/end rant
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The price is dropping, and the miners are moving on that big time. The race is on to accumulate as much as you can.
Maybe interesting read…
https://theflippening.github.io/open-letter-to-bitcoin-miners-from-another-miner/
we have no community
0 upvotes on r /cryptocurrency is unforgivable. unsure how to fix this… this is a huge problem…
when’s the last time you’ve seen a positive zcash post on the front page of r /CC? been a minute, right. outside of ZEC/USD infrastructure this is our largest problem.
seriously, this was a huge article. MIT did a positive piece on zcash, and NOBODY read it… this is free marketing that we wasted.
it’s dumb to bitch about marketing from zcash co, when we cannot be bothered to help ourselves.
we need a site/forum where we can speak freely… imo, the forum is okay, but too stuffy… it’s very difficult for the community to speak openly, and coordinate. i’d’ve already built something if i had the skills.
coordination within the community is important. that way when there’s a positive news story, we all know when it’ll be posted, and when to upvote, etc… also, trolls… coordination between our trolls is of top importance. after a news post we’ll have multiple trolls of our own to tackle other trolls that may attempt to crap on our news.
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ZCash needs simple to understand messages directed at the crypto-consumer. Obscure corners on the internet are not the places to hide them. The masses are not so internet savvy. It’s not a stretch to think that many people avoid reddit since it is or is perceived as having high levels of toxicity.
An MIT article about ZCash on a subforum on reddit isn’t going to get read. Putting it in a press release and getting Forbes, Financial Times and the Economist to publish a summary of it will get the positive press we need…even getting it on CNBC is a good thing.
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“An MIT article about ZCash on a subforum on reddit isn’t going to get read.”
wrong… this is where new investors go to find other alt networks to speculate on. r /CC is so important it should litterally become a ZEC playden.
Mainstream financial publications cover much more ground than any reddit forum can hope to cover. Surely the battle of the nerds needs to be fought on reddit/c/cc, but those who can influence vast sums of wealth in the direction oc ZCash’s future won’t occupy their time debating who has the biggest forum penis.
As it stands, cryptos are still in their infancy stage, but investors are now tuning into what they have to offer. Winning the war for their hearts and minds is fought on Wall Street. ZCash must put its message onto places where those eyes look. It takes a concerted marketing effort from ZCash to do that. We can champion it all we want, but our voices are not going to be heard by those who can open the cash pipe like we want.
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I agree on going mainstream. Though for the moment I think we need to keep things calm. I would prefer to acquire a little bit more before the big boys get in and make it impossible to acquire.
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To be fair, I did direct you towards Wordpress which is seriously ridiculously easy to set up. I don’t disagree with the need for a community run site or forum, but everyone and their mother keeps spouting this but nobody wants to do anything about it. I’m well versed in setting up hosting, domains, VPS, Wordpress and a slew of other tools but I just don’t have the time to devote to doing so. I do however have time to help point people in the right direction and a bit of the setup process. I’m currently in the middle of working towards a serious promotion at work so my time even here on these forums has been cut by more than half.
Anyway, let me know if you need some help.
Where’s the link to the MIT article and where’s the post on reddit?
Should we use this platform more often to create more awareness.
https://www.investfeed.com/currency/ZEC
You are misunderstanding what Zooko is talking about here. Zcash’s z to z transactions are fully private - indeed, as I understand, they contain no useful information that could ever be leaked even on the compromise of the ceremony or the breaking of the crypto due to the zero-knowledge proofs in action.
Zooko here is discussing selective disclosure. There is a similar property in Monero with viewing keys. Noone is forcing you to selectively disclose anything any more than they are forcing you to give up your private keys. Take the most practical example which is I send you some ZEC for a purchase and you claim you never received it. I can prove to you that it was sent without revealing anything about my finances other than this single ZEC transaction.
Being able to selectively disclose transactions without giving up any other details (such as your ZEC balance or other transactions) is a real benefit. Spinning this to say that zcash isn’t private or that it has been weakened is flat our incorrect.
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setting-up sites isn’t my forte… believe i’ve been very open about this. i don’t even have the interest to learn how to set-it-up. it needs to happen, tho.
side note - good luck with your promotion!
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Here’s the link to the article: http://mailchi.mp/technologyreview/chain-letter-4-understanding-the-bitcoin-religion-758677
It’s still on the first page of the /r/zec subreddit as of now.
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i know how it works no need to explain but from the talk i got the impression that zoko has some nasty game changing update in mind
Fair enough but why what led you to that conclusion as again there is nothing to support it. Sadly stuff like Zcash is building in back doors and the like is repeated ad nauseam without basis so it’s always useful to clarify.
Zooko is discussing how a private, untraceable digital currency can work within the confines of existing law enforcement.
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How do you get the media outlets you mentioned to publish about Zcash?
well its a habit of mine when someone start to talk about privileged government access i start to get suspicious become that is exactly what they want to control it
Edit : you know iam just a simple guy i just accept 0 or 1
everyone or no one
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That takes a CMO of ZCash and his or her team of marking professionals to do it.
Its starting to climb again. Hopefully see 300 soon
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265 ATM, guys wake up!
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I believe this is price manipulation. There was a buy wall at 4pm UTC.
I can set up a community forum when I get back. A week or so. Some of the folks here could get admin to manage it. I am not the most knowledgeable with crypto however I know lots of infrastructure.
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woot \o/ 20 characte
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Look, the government wouldn’t have any more privileged access to your zcash account then they would to your normal bank account, they have the benefit with normal money because your bank account is pretty much always somebody else, and the only reason they would subpoena for it is if you didn’t submit your income information yourself or were suspected of criminal activity, you naughty boy. In which case your bank would comply or if you held the money yourself would be first requested and eventually subpoenaed for the proof of income. The same thing applies to zcash with an online wallet equivalent to a bank and your own wallet (private keys) that you hold. With Bitcoin they don’t even need your consent because it’s all public anyway. Zcash conforms to the same facets required of normal legal tender whilst providing safety from the public eye. Theres no conspiracy here. Anything it puts more of the responsibility of abiding by the laws you’re supposed to abide by anyway in your own hands.
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and thats what i dont want, therefor i dont invest in bank products only the necessary minimum also have a offline wallet never trusted online wallet systems because as you mentioned it is the same as the banks also when considered where to dump money bitcoin has been one of the coins i avoided right away u named the reason thats all because our government is scum we pay 55% of our payments to them and you wont get nothing in return health system is before claps education system ruining in “efficient” mode
forecast for pension system predicts it will start to collapse within 20-25 years if nothing happens it is question if my generation will get any of it + every year there are infos like they fraud millions of euros from the treasury if they will have the option to tax crypto in any way they will do it and beliewe me i dont want to pay them a single cent from it
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New miner/ZCash Investor, here. I’m super stoked to take part! I wanna thank you guys, because I’ve learned a lot from reading all your comments. I’m excited to be a part of the community. I’ve also read a lot on ZCash and it’s tech and I’ve become a bit of a believer. I’m in it for the long haul, so if there is anything I can do to help this community grow, I’m down! You best believe I’ll upvote or share any good news we receive at the very least!
Up 7.53% today and 10% for the week! Look alive!
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I’m with you, Koso. Cryptocurrencies are just that for me: an island on which I can’t be molested by an oppressive state.
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Yeah you are on the right pace also with the cold air and geothermal electricity ideal place for a mining farm but you know what finial they got the first big case closed after almost 23 years 2 people go to jail but the money is gone forever of course bright future ahead (sarcasm)
btw welcome to Zcash i thing everyone will be happy with your contribution here
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Now if ZEC can hold this 250ish level for a day or two. That will be our first table.
Will need another table probably around 280ish (maybe 300ish) before it will see a rocket spike. The prior major spikes followed this same pattern (240, 270, then 450). Basically ZEC needs to show some resistance to downward movement after making some gains to make the whales more comfortable buying in again.
I would really like to see it in November but I have a suspicion it might not be until mid December (just before Christmas).
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Maybe a year or two ago cryptocurrency was that island but not anymore and you can solely thank btcs tremendous growth for that. Out of reach of the irs? Dont delude yourself because unless your money all travels by carrier pigeon, they can reach you. Y’all go on like crypto is anarchist money which is counter intuitive because the fiber optic tubes and cell towers and communication satellites, the very things cryptocurrency travels on, are Federal property. (More likely you will be trading shiny rocks and pieces of copper pipe for arrows and wild strawberries) I didn’t say i like it or that there arent problems inherent (god knows i don’t agree with income taxes) but the current state of cryptocurrency is just that. The US hasn’t enforced serious regulations yet and I think most of the world is waiting to see what that will be and follow suit in order to remain in good business standing. That means the free for all is about over guys, btc at 7k got it huge amounts of attention and as such, new rules across the board, no longer just this little computer nerd game no one cared about, it is now a big boy game with big boy rules and big boy consequences. Zcash was created to function it that very situation, because any cryptocurrency that cannot function according to these new regulations (which don’t even exist YET) will survive. Things are gonna change guys and Zcash was created to be prepared. (BTW if you havent exceeded 20k in untaxed earnings, you dont have to claim as income, thats the law and if you want to circumvent big brother, read 1984)
Edit- I do agree with heavy income taxes (90%) for large corporations, the way it used to be
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He was talking about an island not Iceland.
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thx for explanation get confused in my language it is the same
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Having that info will be nice when the IRS forces Coinbase to give up all it’s account info.
Don’t misunderstand, I find this all very intellectually stimulating and I’m not trying to offend or belittle anybody, we’re all very intelligent and the only freedom any of us actually has is the ability to form our own conclusion or make our own decisions (most logically based on the evidence we gather from around us).
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That happened a month or so ago, but only a handful of people have anything to really worry about i.e. paying taxes. It sucks but like i said, 20k (twenty thousand dollars) in untaxed income is the threshold, alot of casinos on indian reservations have max winnings the 19ks so as to circumvent income taxation for the winner
Edit-
By handful, about 14 000 users out of 12 400 000, the richest 1 in every 885 persons has to pay taxes, its like the spanish inquisition
I was actually thinking of forming a business around mining so I could use the tax laws to my advantage. Being able to show the IRS that I am taking a loss would be very beneficial.
BTCG at 405 and BCH at 1535…ZEC still hanging around 250. Methinks it’s obscure and getting lost in the hype of everything else.
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Hahahaha…LMAO!!!
Sorry if my price speculations are a little oblique, more pertaining to futures I suppose
Edit- Making fun of how someone spells something in a different language on a forum that supports international communications just doesnt look very good my friends, dont besmirtch your own name
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Do you think that it would be worth being taxed on your cryptocurrency income? Or are we talking building an ice cream shop with supercomputers in the back?
Pipe some of the freezer air to cool the rigs, give a huge discount for spending zcash to buy ice cream, i like it but that might have to be two separate entities working as a co-op, I don’t know if you could justify mining currency and selling ice cream as the same business but most certainly could be sister companies
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JESUS…BCH touched 2k and we are still at 250…wtf is going on…20bill trading volume on a weekend…fucking insane…
It is fucking insane, I got to trade ZEC to BCH at 1600ish, now if i trade back I’ve would have made a 60% gain in zcash. I’m still betting on ZEC though, just riding the bch wave as far as it’ll take us to get the most zecs back for the future rise.
Correct that, a 80% profit as of now.
Annnndddd… it’s gone!!!
BCH dumped into BTC.
I was thinking of an actual cryptocurrency mining business. The equipment would be considered capital assets that you could right off the deprecation of. The cost of electricity falls under operating expenditures and has to be put down as well. There are multiple factors here that would work to ones advantage from a tax perspective when it came to mine ZEC or any other cryptocurrency. Besides I really want to start a business that has a debit card tied to it for those who want to convert there crypto to fiat on the fly for everyday transactions. That would then put me in the bank category and I would not want to have to deal with those type of regulations.
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Back to business. Looks like things are starting to drop again. I’m watch LTC besides ZEC and I’m seeing both drop. Yesterdays little pump has attracted more miners back to ZEC though. Things are going to even out for the next few days. We should see some movement around the 24th is my thought. Though I’m thinking a massive sell off in the US due to Black Friday. People are going to want to use their ZEC to fund their Christmas shopping.
Forget ZCRASH
And BE GOLD (Bitcoin Gold)
Start Your Engine NOW (just edit ur conf @claymore)
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i don’t think black friday should have an effect on our markets… i do believe people will sell in dec for christmas, tho
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watch ZEC rally now that you’ve posted. thanks horseshoe
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Yeah… Sold out
Averages 260$
Waiting BTG Mainnet launch, this is HOT , Damn HOT hahaha
I love Gold heheheh
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We are going up, thanks panda…
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going nowhere
bigboys are waiting and watching Bitcoin Gold
trust me hahahaha
Then how come there is a ZEC mining frenzy going on right now?
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even shitcoin there is mining frenzy, like burstcoin example
hahahah
AL888… the Dennis Gartman of Zec
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U are right Kek, I think that people wchich make crypto trade direction do not need sell some few ZEC on black friday
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but todays volatility is strange …its good for scalper, not for me
okey this is the game
IF u pump til 260$
THEN I will dump
LOOP
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Just hit 260. Post must be at least 20 characters.
High of 274 on Krapen so far today…58 minutes to go and let’s hope we hear a giant sucking sound of the ZEC difficulty level dropping as they run to the door to mine BTCG…
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Cross your fingers… or whatever your superstitious tradition is.
I see where you’re going with that. Keep us posted. Would love to hear about your experience.
Well, somebody is taking advantage of this. The hash rate on Flypool is at 212Mh/s right now.
Correction: 233Mh/s Somebody know BTG is worthless and taking advantage.
Hope you didnt get caught up on that one
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290 guys, it is started or not this time?
Could be a lot are dumping for BTG, which last I looked was trading at the same price as Ethereum. Also I’m seeing ZEC just shy of $300. Regretting selling yesterday, but those are the breaks.
Sold it on 290… for reeenter lower. Near 250.
It will most likely drop back to around 250 and hold there. 250 is always my safe selling number.
lol. I’m good. Just imagine it was a bunch of AnCap sentiments. Followed by, I agree with you on ZCash being prepared for the coming storm.
I see we’re back at 268. Where do we go from here?
Right now accumulate if you can, otherwise hold. I would say we are neck and neck in a race with Bitcoin Gold. @AL888 are you going to dump your ZEC to drive the price down?
he doesn’t have the market presents to do anything to exchange rate.
I know, I was giving him a hard time for a previous post he made. For all we know he could have a much ZEC as I do, which is very little.
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Stabilised on 260+ values - very good point, now we have strong support, i think today will be one more race and noght (gmt+2)…
I dump ZEC not to drive the price down, but for PROFIT !
But if price going down … thats not my fault.
I can sell ZEC 1day/5X from payout of my mining rigs
but this day split 50:50 ZEC:BTG
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As an American investor, I REALLY wish Coinbase / GDAX would add this to their platform. Buying ZEC is a huge pain in the ass as an American right now. You have to go to some pretty untrusted / shitty exchanges just to make a purchase.
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Are you just converting to USD, or are you trading coins?
Basically, trying to buy with USD. I hate the exchanges because they all rely on money wires, which in America is obsolete technology and costs a decent amount per transaction.
I don’t want to have to buy BTC and shift it to ZEC because of the high transfer fees. I was going to use Kraken, but their transfer times and support is awful.
I do opposite of what you are doing to get money out. Though I convert to LTC due to lower transaction fees.
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Yeah, I was gonna point you to Kraken as the best solution. You’re right, they aren’t very efficient and you have to be patient with them. Have you tried Bisq? It’s P2P and Reddit seems to think pretty highly of it. I just started looking at it today.
If only Coinbase would list ZEC…Hello, Zooko…this is something only ZCash can work to make happen.
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I wonder if z vs. t addresses have anything to do with it. Coinbase pries pretty hard when it comes to big amounts, and we know ZCash is all about privacy. Maybe they’ve avoided it purposefully.
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i wouldn’t doubt that… but they do have ETH listed, and ETH’s been pretty hot-n-heavy with SNARK talk… no doubt about it though… USD is basically sidelined because kraken is the only game in town. thinking “big money” will prolly invest in the ZEC investment trust.
…hard for me to hate kraken, tho …because without them we’d be up-schitts-creek… but they don’t even seem interested in attracting more traders to ZEC markets by offering margin trading, etc… the platform itself might not even be able to handle it.
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I’ll take the ride up those charts… even if I hate that idea.
Yeah… there’s looking on the bright side… at least there’s a way.
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Oh-oh, watch out, here comes the big boy – the big bad trader.
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Used Cex.io. You can buy using credit or debit card. Works great for me.
With the amounts of “timed out” attempts when trying to access Kraken, I’m sure they need to upgrade their infrastructure first before adding more features. I still like the site as well and use it.
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Coinbase would list ZEC…Hello, Zooko…this is something only ZCash can work to make happen.
This really would help out miners and potential investors alike. It’s been brought up enough times by members of the community to say that there’s great interest on our side; can anyone speak to whether or not this has been discussed at your level? If not, can it be looked into?
Many thanks.
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At that point, I still have to shift the ETH or BTC to ZEC. Those mining fees are pretty ridiculous.
Should just have its own, cashbase-z (or a better name )
Zcash Price Prediction 2018: ZEC to Surge Past $2,000
https://www.profitconfidential.com/cryptocurrency/zcash/zec-price-prediction-2018-surge-2000/
“This is fortunate because cryptocurrencies have no fundamentals” <<< strongly disagree with this… other than that… i’m good with it
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I think 2 things need to happen to further a price increase.
- ZCash needs to be on more exchanges. ( We’ve discussed this to great length.)
- More wallet options need to be available on phones. Apple doesn’t seem to like ZCash as there is limited options for wallets on the iOS platform. If they start allowing ZCash wallets the Apple fanboys will flock to ZCash.
agree/disagree
price increases once the market makers are done accumulating. ZEC can increase our value by doing things listed, but we’re entering a bullish cycle, and there’s not much that will stop it. good times!
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Preach it, kek…
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He’s predicating his ZEC price prediction on a bubble in the crypto space:
_Analyst Take: _
I believe that we are reaching the apex of this cryptocurrency bull market/bubble, and this is where the greatest gains are achieved. I am watching a number of indications on the Zcash price chart that will indicate when this asset is set to make another move towards higher prices. I outlined two potential price targets but picked the one with the most outlandish Zcash value in $2,100 because if there is indeed a bubble in the cryptocurrency market, then such an outlandish target is a plausible for a Zcash price prediction for 2018
If cryptos are in a bubble, then you need to exit quickly or die quickly if you do not. Since most cryptos are finite in number, I’m not willing to agree with this bubble talk. If ZEC is at 2100 in 7 to 10 years, I’ll be happy…
Moreover, even in bubbles it is the best quality securities which generally survive. Assuming we go into a bubble and the space loses most of its value, ZCash has such a strong value proposition that it could likely survive for the long terms. It’s its benefit of shielded transactions which differentiate it among the other cows in the herd and may work for its long term survival or protection against a potential bubble scenario…(one hopes)
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Agree. He sounds like a Keynesian economist in an Austrian experiment. The “bubbles” here are only those naturally created by the community’s rational/irrational behaviors and their corrections will be slight without inflation and artificial stimulation.
somebody on kraken is really loading-up in $271 area. been snatching them up for the last roughly hour +
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I think that in general the investors in the crypto space are less sophisticated than those who are in traditional investments like stocks, bonds, etc. While there are indeed sophisticated players in crypto, there are lots who are not…and smart money takes less intelligent all the time. This may, in part, explain the wild swings we see in daily valuation.
ZEC is at 272 and has been holding these elevated numbers for the past so many days. It’s encouraging to see these incremental increases as we plug along to the end of the year. Could we hit 315 by December 1st? It might be a nice way to kick off the holiday shopping season
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I’m down to take that ride with ya.
Alot of it is just varying technological savvy of
5 different generations living at once (i had to take a mgmt training class, theve all got different stings to pull on to leverage)
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My Brother, I love him, just really isn’t into computers and never was, had to walk him step by step every single process of anything regarding cryptocurrency, exchanges, wallets, some people just need that
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I’m doing the same with my sister and mother right now.
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no hobbies people here
Flagged. You should read the ZCash Forum Code of Conduct
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Loving the price. We need it to hold though for a while. Let the market stabilize. Really hoping the people who hopped on the BTG wagon don’t come back for a while even though last I looked it was crashing and burning.
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The class wasnt optional, my comma delineation is relaxing
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We seem to be holding onto 270 with a good grip…if 270 hangs on, which at this time of the day I’d have expected the profit takers to have driven down the price, we may start tomorrow with some favorable numbers.
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My number is 400$ two months ago I build my first mining rig and my first ZEC mining and sale 403$ :).
I mining only ZEC believe in him
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Still looking good guys…get in now those of you who may have missed out…
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Holding 270 like a boss with a measly 52 mill volume for over 8hrs now…just need that push to go over 315 and we will fly…
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You : Buy Buy … Pump… Pump …!!
ME : Selll… Sell… Profit … Profit …Yeahhh !!!
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how’s that bitcoin gold working out for you?
did you sell ZEC @ $260 lol
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Still holding in spite of btc rising…volume up from 52 to 58.5 mill…good signs all along…lets hope it continues this way…
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Bitcoin rise could have something to do with this
Bitcoin Cash is eating it though.
Cmon spikey…take us up…are you guys ready??
Good information in here, specific form numbers
Virtual Currency Exchanges and US Customers Beware, IRS is Coming: Expert Blog
via Blockfolio: goo.gl/p95yia
That’s gonna cost the IRS a lot of money. Or rather… it’s gonna cost US a lot of money.
I also have a funny feeling that XRP is gonna love that hammer… fits right in with their centralized model.
Rocket is taking off now…see you on the moon people…
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This makes me more and more want to turn my mining operation into an LLC. I can then at least show them that I am taking a massive loss just in electricity alone.
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Interesting there’s no change in the hashrate at my pool. I guess the miners just haven’t caught on yet.
Flypool has definitely caught on. The hash rate is up. I was hoping it would stay steady until I could get my rig upgraded tonight. Though the price is just short of $300. Let’s see if we can hit that today.
Did we run out of Fuel?
Let’s not tell them I think some have jumped onto the Bitcoin Gold Crazy Train…
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Next year 500 December 400
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Breaking 290! Come on baby!
aaaaaaaaaand gone
Let’s hope we can hold the 280 line going into tomorrow…if it still holds after the weekend, that will make me feel pretty good. I’m tired of watching the bears beat these gains back!
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Is kraken withdrawal disabled for everyone is it just me ?
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Yeah. Same here. Give it Time.
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That’ll be a good sign we’ll break $300 again.
yes kraken is disabled for me also. and their customer service is too slow.
do you have any suggestion to use for any other site?
You may possibly use Kraken to buy either BTC, ETH or LTC and then transfer those coins to a Coinbase account, cash out and then transer the USD to your bank.
That’s exactly what I do to get money out. I recommend buying LTC as it has the lowest payment fee of them all. Kraken charges a .001 transaction fee. Currently with LTC it’s like paying Kraken .06 cents as a transaction fee. Also I sometimes get my Coinbase deposits same day to my bank.
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what do you think about poloneix to buy sec or any other good site to buy other than kraken?
thanks
I’m on Poloniex and i’m satisfied.
Kraken is pure rubbish…if it were not for the fact that they have ZEC listed, I’d not go near them.
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what else you suggest other than poloneix?
this graph is good. but if we check zec/xbt we will see what we lost in these 2 months:(
Still looking good guys…don’t panic…400 will be here in 2-3days…
Personally I would prefer a gradual increase as opposed to a massive jump. I don’t want the Icarus effect to happen again.
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What about bitfinex ?
what is so wrong to Kraken? what does it wrong compared to others?
It doesn’t seem to hold up well under high volume. If you’re not out relatively early on the rise, you’re in for the whole ride.
Bitfinex is a good platform, very good trading phone app, but i think they stopped serving US customers and have issues with wire transfers. So it is not really good for getting it out onto you bank account.
I use kraken to send EUR to my bank.
Some money flowing into BTC before it finishes the current wave and begins correction…soon we will fly…uptrend will be longer this time…as long as we don’t go below the 250 support we are sweet…
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Bitfinex booted all US customers from its service. Kraken can’t handle high volume traffic; bad when you want to do something when everyone else does as well.
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Usually, I don’t trade I just mine and hold my ZEC but this last two days I began trading them. And I notice that in Bitfinex the price of the BTC, ETH & ZEC are usually lower than coinbase, kraken, etc…
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The flight has taken off now guys…see you on the moon
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Guys also wanna tell you that we will correct 50% as always after reaching the top…so you can sell and buy back lower around 240-260 range…the bull run after this one will take us to 900+ (will coincide with sapling release imo)…
Meanwhile enjoy the ride…
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Sapling will be tremendous
I just hope it isn’t delayed so much as the other updates. That will hurt the price.
Volume up almost 100% last 20hrs…just need that spike to push past 310 and we are set…cmon spikey…
Lets go guys…w00t w00t…
ETH will break out soon as well…so you can also consider selling ZEC for ETH and make good profits…buy back lower again…this is a risky trade and pls #DYOR…
If I understand it properly, the Sapling update will make z-transactions much faster. Is this the case? When do they think/hope it will be released?
I’m holding my ZEC for long term
Yes…it will require lesser time and even less memory to generate transactions and hence will enable a greater no of users to use z addresses from their mobile devices…it shd be out in Feb/March next year …
[Edit by @daira: we have currently only publicly committed to Sapling being activated in 2018. The code will be released before the activation.]
Then that’s the ticket…as everyone knows already, it’s the log they need to clear to open up the river like we want…
btw, kraken just posted a ZEC trade for 302.50
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Very good I believe in ZEC in my opinion should be in the top 5.
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And we just crossed the 800 million line for market cap…seems like the pandas are being routed…
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so do you thing we can get cross the 310 usd ?
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If these new levels hold on against the typical friday blood letting, we may have a nice weekend ahead. There are many others who post here who know much more that I can hope to know.
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Did it! To the moon we go!
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just asking still waiting
Oh yeah its gonna be huge, check up on the dev update category for the latest on sapling, i think nov 15 most recent, also a really (really) good Italian wall street article today kek posted in zcashgets a mention may have something to do with the current movement
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100 share market sell on Kraken will drop the price $25+.
This 310 is a very strong resistance…we can’t get over it without a spike…
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we hit 313 on kraken
Hit 320 (Average of all exchanges)
322 on bitfinex!!!
holy mother of nature
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the US marked waking up pump should follow right ?
Woohoo…spike successful…no one can stop us till 400 now…next resistance at 400-420…good luck all…
Testing 310 resistance once again…but the positive thing is that volume is increasing as well…fingers crossed…my personal target for this run is 500-600…lets hope for the best…
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