As far as I know they’ve never paid for any sort of press coverage which I think in itself, speaks volumes
The proof is in the ZK pudding and people are starting to figure it out
Edit- think about it, big investor types now hearing more about this “Zcash” a little here and there, then if decided to investigate, will be left wondering “how is there no hype?”. Two answers 1. Dont need it- says it really is special
2. Dont have time- says all the ZEcompany does is work
Either is better than none, but both is basically blackjack
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this may be too early to speculate - may be fumes from the Gemini news - but while everything is selling, ZEC is green. Has this happened before? i cant recall. Is this finally happening? does the market recognize ZEC store of value?
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I guess FOMO for zcash started big time.
I’m happy about it and all, but for me: later is better 
I guess the 400$ mark before the 22th is our next stop
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Gemini is a small player, finex has x10 the volume.
gemini is were institutional money goes. gemini is much-more important, imo.
interesting part of the gemini announcement that i think people are missing is gemini’s not only approved to trade ZEC; they’re approved “custodians”… custodian part’s what wall street needs to really invest on a large scale.
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With the motivitaved institutional investors coming in, we may be seeing a new chapter in cryptos. That money, more or less, will be looking for quality. Zcash should be attractive to them.
It looks like @kek got his wish for more volume:
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Yeah but that volume is not coming from gemini. Long term it may, but on 22th I don’t see a pump, hope I’m wrong though.
Nice buy just happened. Buckle your seat belts. More strong buys until Tuesday perhaps?
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My trady sense tells me they’ll be a dump early Saturday morning. Makes sense since big money will manipulate it lower for a bargain. Then the real rally starts right after.
Its gonna rise soon. Better invest now than later
Here’s my fear and uncertainty…Zcash has proven multiple times that it’s “happy place” is between $250-$350. We’ve had really good news in the past only, and we were excited to see $300+. But after three times the price has made significant spikes months apart from each other, it’s returned to that same range every time. While other currencies have made and held gains (the fact that BTC is holding at $8k+ and ETH is at $600+ is amazing), Zcash keeps slipping back to its same zone.
My theory is that it has been a “practical use” currency (end of quarter earnings going through the shielded wallets) and not a longer term hold currency.
I’m hoping that this move on Gemini will finally give ZEC something to hold on to but I would not be surprised if it settles back into it’s happy sub-$350 range after a late June spike (maybe early July).
Im new with trading bitcoin but from what i have observed when a certain variable is met, there will be a spike until it reach a certain point. Then it will splash back down in its neutral zone. The big question is, is gemini enough to attract a good amount of long term investor to hold the price.
I think being on Gemini will set the ZEC price to a new setpoint. Look at Coinbase and Gemini’s offerings now. Coinbase dropped ETC so the top 5 are Bitcoin, Bitcoin Cash, Litecoin, Ethereum and Zcash. The lowest market cap is Litecoin at about $7.5 billion. It is looking increasingly likely that Zcash will be the next coin added to Coinbase whenever they are ready again to add another coin. I estimate it will be $3.5-4 billion once it is added there and $2-2.5 after being on Gemini for a bit. Coinbase could add ZEC at anytime in the next year. If ZEC gets on Coinbase and we have another good December expect ZEC to be $1,500-2,000 at the peak. Remember that exchanges should have shielded addresses by December as well making my estimates too low.
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Guys i have a question. Is the rumors true about amazon adopting cryptocurrency to its transactions?
Rumors have been around for at least 6 + months if not longer. With XRP being the only coin that could handle the transactions.
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I realize that the upcoming improvements to ZEC could make shielded addresses available for exchanges but I am skeptical that they will adopt them. I think Gemini is skating on thin ice with ZEC to start with. My thoughts automatically go towards “who’s eyes did they pull the wool over to pull this off???” not “of course Zcash is a logical addition!”.
Personally I still don’t think main stream finance and legislation is ready to accept privacy currency just yet. So I was a little shocked to see Gemini get approval. All over the world, the trend has been to ban privacy coins (Coincheck in S. Korea just dropped all privacy coins) and these guys just got one approved by a major regulatory commission.
Awesome, amazing, shocking…insert emotion here…whatever it is, it makes me feel cautious about what could happen next. I would love a streak of good news (coinbase adoption) but I would be no less surprised if Coinbase stuck to their guns about avoiding privacy coins. Especially since they just started talking to the Fed about becoming a proper bank.
Purely my theory, nothing to back it up, but I’m thinking they will launch their own currency. That seems more in line with what Amazon has done in the past.
Oh, and of course Prime Members would get it for free. 
persistent rumor, but one day in the distant future; they’ll possibly accept some cryptocurrencies. interesting side note - amazon did help fund the zerocash protocol.
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Excerpt- Earlier this week, Monex Inc, the company that recently acquired Coincheck, revealed plans to expand the exchange to the U.S., claiming that the U.S. and Europe are more advanced than Japan in terms of regulatory clarity and “attracting institutional investors” to crypto.
Did they? Do you have a link to the initial investors?
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Yeah, that’s not surprising…Jeff Bezos has often talked about “making too much money” to the point that he legitimately has a hard time spending it. You make $50 million per day…you run out of things to spend it on pretty quick (while remaining within the bounds of the law and not simply throwing it away).
To that end, he and Amazon put funding out for virtually any legitimate request for research and development funding regarding technology.
The DARPA contribution isn’t surprising either…the Head of Strategy (SVP, #2) at DASH was a DARPA and DOD director for years before crypto also.
The first story, @kek tell your mom!
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Is this good or bad news?
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Awesome, Bitmain funded USDT competitor. That won’t be controversial at all.
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probably a waste of time… imo, US mint will be deploying a dollar token within the next year or two.
Its really just another pairing, which is good for trading, it just seemed pertinent given the current affairs (someone on the OTHER thread didnt like it)
This is cool Zcash Company Invests in Agoric - Electric Coin Company
Edit- here’sthe related story
https://www.coindesk.com/new-startup-zooko-naval-betting-better-crypto-contracts/
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@kek @Autotunafish Unfortunately, I am thinking this will not be a good thing for the market. Historically, direct conflicting competition for pairs have not been a good thing for crypto. The BTC/BCH schism is believed to have set back overall crypto adoption efforts years. USDT (love it or hate it) is one of the highest traded crypto out there. Competition in crypto is good, but direct conflict creates division and confusion which has already demonstrated to be bad for crypto.
tbh, don’t care about USDT or any other stable coin. US mint will be offering the real deal in the coming years. won’t be bad for ZEC because USD will still be an inflationary pos, and thiers law is valid.
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https://eprint.iacr.org/2018/454
Its an experimental, optional, inexpensive, anti-censorship measure that can apply to cryptocurrencies and lends itself particularly well to Zcash (I think thats what it is anyways!)
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Get ready guys! Gemini is opening their markets in a couple of hours!
BULLLLLL
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I hope at least it reach 1500$ in price
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When i see 1500 ill be really happy😎
do you think institutional money will flow into zcash after it’s listed on gemini? If yes how much do you think it will rise in price
dash @ $376
zcash @ $333
so close… can taste it.
soon
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I’d say yes, and a couple of millions, I’d say less than 10 milion in the upcoming month.
I think zecs next stop will be 400$ next bull with btc
Will it reach it’s all time high price?
Maybe Q3, I’d say garantee Q4 (MY PERSONAL OPINION)
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Maybe there will be a june spike, but now i doubt there will be a big jump…but will never know
Generally you can count on 4 quarterly spikes which will fall in one of the two months bordering the two quarters.
MAR/APR
JUN/JUL
SEPT/OCT
DEC/JAN
JUN/JUL and DEC/JAN tend to be the big ones because they are financial end-of-year points for people and companies. This means moving earnings around (company earnings, personal bonuses, etc.).
This is a pretty universal trend you can see in most public trading markets but does very well for crypto.
DEC/JAN is virtually always the biggest spike point but JUN/JUL is pretty common to set new records. MAR/APR tends to be the least impact and sometimes only noticeable in hind-sight (like 2018).
SEPT/OCT doesn’t usually out perform JUN/JUL but has been know to get close sometimes.
ZEC has followed this pattern closer than most and I think it’s because of…
- people utilizing the shielded wallet addresses for earnings
- miners cashing out quarterly earnings to coast to the next quarter
…neither of which are regular/daily occurring events so they all pile on at the same time.
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Entire market is in red…
Right now ZEC is one of the few greens. It looks like $300-$310 is safe for awhile at least. Better than it was just over a week ago.
Well it looks like ZEN just got added to Binance and doubled in price since Thursday. I thought about exchanging some ZEC for ZEN (1 for 13) at the $380 peak but did I do it? Noooooo!!!
Got in my own way once again. Lesson learned. No crypto will go to the moon all by itself for long. Use these ZEC pumps to rotate into others and back again when the roles reverse. Shoulda, coulda, woulda right?
ZEC has been red all day also. Down to -5% now.
Oh…and Verge got nailed again today…another ASIC coins gets 51%'ed.
My biggest fear is that this crap with ASICs and ZEC results in a small enough mining group that we start seeing ZEC headlines like this. A lot of individual people are going to leave ZEC mining once ASIC mining really kicks.
volume:
monero ~ $48m
dash ~ $75m
zcash ~ $163m
very nice!
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Hopefully it will translate to price soon. ie. higher than ethereum.
bitcoin is dragging everything down
This is a sure way to lose all your money. In my opinion.
our volume is looking great, and we’re defending $300 - all that really matters!! w00000t
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Sorry for the noob question but does large volume trade results in either an increase or decrease of price?
Volume goes both ways, increase in supply or increase in demand.
Good or bad?
never good to be delisted, but don’t think that market specifically will hurt (not enough volume). bithumb is the main korean exchange to keep an eye on. we’re good as-long-as bithumb’s good.
side note -
gemini ZEC/USD volume’s +$2million.
kraken ZEC/USD volume’s +$2million.
we usually have a rough time cracking $1million volume on kraken. USD gateways are becoming more liquid!!!
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What is asic and how does it affect zec?
Asic is an invasive species of AI which invades the domains of the happy, peace-loving crytpo-creatures and devours them mercilessly, recklessly…this disguising filth is lead by the Evil Wuhan Ju of Bitmainia, the most vile of all places…
Their kind and benevolent GPU friends and guardians are simply not powerful enough to protect these innocent creatures from the virus the Asic scourge spreads and from thwarting Wu’s megalomaniacal designs of crypto dominance, subjugation and exploitation…
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Lol. I guess gpu miners hate them that much. Can it really affect the price of zec. I hope not
You may be able to glean something of value by comparing BTC against DSH. Asics have been mining BTC for quite some time now, and the price of BTC has risen. Contrast that with DSH, however, and we see that one not having the same price behaviour. But there are a TON of variables with both cases, so if ASICs have any effect on price, it is likely only obliquely.
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Thank you for answering my question. Now i am a bit informed about this topic
How’s HODL’ing ZEC working for you? Nothing wrong with taking a more active and diversified approach to managing a crypto portfolio.
I’m not talking about day trading here.
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Bloodbath today…hardcore…and then BTCP is up…whh?
What is going on so much red today…
aaaaand… it’s gone
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Aaaand there went all the ZEC gains from the Gemini announcement. Back under $300.
$286
We live and die by King Bitcoin. The price fell below the 10 month moving average today. Major red flag. Just hope Bitcoin can hold above $7000 or else you can expect about a 50% drop. Last time that happened was 2014 and it was an 80% drop.
edit: oh yeah…and I am not at all confident in my June predictions for ZEC anymore
chill…theres so many bullish signs on the ZEC/BTC & ZEC/USD charts its nothing to worry about
somebody ragequit bitcoin today lol
in trading theres a saying: “wicks and tails like to be eaten”
then i look at the mother of all wicks and tails and i smile:
Wishing there was a more straightforward way to move ZEC around to other cryptos. Say if I wanted to transfer ZEC to USDT (USD Tether). On Binance I’d have move to BTCZEC and then BTCUSDT. I a bit of a pain in the butt.
Hopefully more exchanges will adapt Zcash so there will more trading pairs with more liquidity.
theres a zec/usdt market on polo
There’s also ZEC:$US on Gemini.
But what I think you’re getting at is ZEC as a base pair (or “fiat”) on an exchange (like BTC or ETH is just about everywhere)?
Its dropping like crazy. I didnt expect this much would happen. Hopefully by next week it would stabilize and get back to its former price
Part of it has to do with the US going into a holiday weekend. The market should pick back up Monday night in the States.
Probably because MacAfee is promoting it on his Twitter account
BTCP is one of the goofiest alts ever. probably only good for one pump-n-dump/has no future. being said, their shill-efforts are fairly amazing. zcash community could learn a thing-or-two from them.
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despite having some btcp, I would gladly watch it go to zero.
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don’t think it’ll go to zero; there’s always a few true believers, but BTCP’s destiny is the 3-4th page on coinmarketcap. it’s probably good for one pump, tho.
…the fleecing of Murica knows no limits!
You still have some? I got out at $36. When the Rhett drama happened I figured that was it for BTCP.
When I say some, It’s probably less than 1 coin I mined when the hashrate was tiny. I dont even know. I haven’t opened that VM since I compiled and synced it
700 on the 20th of june
I hope too see 1000 in june/july, if all things are going like they should…
Whats on june 20???
There is a street food festival where a turkish guy is accepting zec and dash. Kebap.
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seriously sir??? 20 char
Coinpredictioncap
There’s a link to the tool used to generate those predictions too
I noticed 2 zcash founders took cash from zcash the company and bitmain and few others to found another company that will sell the tec to other cryptoprojects.
Is it just me who see something shady there , or i am missing something ?
There was question before weather zooko had any contact with bitmain . It was brushed off ambiguously. And somehow it seemed as in appropriate to ask such question back then to me to be asked.
Recieving cash is the last stage of a lot of communications and a result of a deal that benefits both parties . And the decision to make it under a new company by two of zcash founders raises other questions.
Soo many questions in my mind that i want to post. But i dont see appropriate way to formulate them
At the same time I dont see a possibility that i will receive answer to any of those questions .
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You can watch and listen to it as well, talks about privacy and the gdpr at 15 min, then about blockchain (though they dont actually say blockchain but new disruptive technology), its a good one, also talks about “safe haven” investing (gold, defense stocks) due to recent geopolitical happenings and maybe why its all red lately huh?
For May 24th
Edit- NBR is produced by CNBC
holy kek my friend,
Just some Sunday-funday stuff (actually some really good tools)
Edit- this one below has different methods for deeper layers of obfuscation if you want (little more basic)
https://play.google.com/store/apps/details?id=id.web.luqman.dev.encryptanddecrypttools
(that first one’s pretty cool, it’s designed so you can easily set up a RSA certificate and execute an encrypted SCT key change along with a bunch of other stuff)
Zcash is dropping like a rock in a well. I didnt expect it to go dowb like that. Some analyst speculate that bitcoin might drop below 7000, maybe below 6000 aswell. If that happens then we can assume that zec will drop as well since most cryptocurrency are dependent on bitcoin. I hope im wrong though.
Just another accumulation phase going on. Nothing new here. Lowest zec can hit imo is around 230. If btc ever hit below the 7k levels.
Everything is in red…it needs to end🙃
mcap under a 1B…
just when you wished the bloodletting would stop, they cut another artery 
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wonder if there will be support at the pre-Gemini-announcement price of around 0.02950/BTC?
I had it with Ztrash… now here comes the capitulation bounce!
who the hell i selling at this prices
…miners most likely
There is a big possibility that zcash will go below 180 but im still hoping for it to stop dropping and rise soon. We have already experienced it before.
I highly doubt that…
It’s probably traders doing it. They tried to take the price higher and failed so they sell to buy it back cheaper then try to run it up again.
not sure for others, bought i bought some ZEC 12 hours ago and do not regret it …
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:::stretches yawns::: what a nice vacation!
::::checks exchange rate:::
mother of god …wat have y’all done lol
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I bought some at the bottom this morning. So far no regrets.
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I guess its good to see the price go up a bit
Ugh…ZEC dropped from 21st to 23rd on cap list. Curious if the Gemini announcement actually made any lasting impact or just temporary (would we have been at this point already anyway).
For the institutional investment thing…I don’t know that ZEC is attractive for that anyway. Privacy isn’t something that really holds any value for institutional investors. Most of them are so concerned with keeping everything above-board that even if they didn’t use the shielded addresses, I think they would still be afraid of holding any coin considered “privacy”.
I am explicitly talking about institutional investment…like pensions and similar group funds.
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“For the institutional investment thing…I don’t know that ZEC is attractive for that anyway”
largest complaint they have is bitcoin fungibility. institutional money takes privacy a lot more seriously than most crypto people. these institutions don’t want their competitors to know what they’re doing.
let them accumulate for a minute.
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thought this was kinda interesting. assuming it’s somewhat accurate; zcash is fairly expensive to attack
https://www.crypto51.app
“PoW 51% attack cost”
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I think the more relevant number is the “NiceHash-able” figure which thankfully for ZEC is relatively low. Even so the $ figures presented here are in my opinion scarily low for a lot of coins.
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What is the significance of “nicehashability”?
That’s a good point.
Though I’m still not sure it helps ZEC. Yes, fungibility is a big deal for institutions, but the inability to account for invested assets (concealed) is on the opposite end that I was referring to. While I think that privacy transactions is importation, I see the shielded addresses in ZEC aren’t that because it makes regulators uneasy about hidden assets.
Just my thoughts on it.
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It means what is available to rent currently on NiceHash. Obviously if you have to buy 1 bajillion GPUs or ASICS to launch an attack it’s much harder (logistically and costlier) than paying $50,000 to NiceHash to rent the 51% hashpower for an hour.
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Aha…now I get it!!
I think you missed, that every listing of coins on gemini must be approved by the regulators.
In the case of ZEC and Gemini the “The New York State Department of Financial Service” approved it. But i have no clue about american regulators and maybe other departments can cancel it.
But look for yourself: https://www.dfs.ny.gov/about/dfs_about.htm
And here the tweet https://twitter.com/zcashco/status/996036332312023041
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Yup, that’s what we are talking about. With that introduction it opens the doors potentially for institutional investors to more easily include ZEC with the overall portfolio. The investors in question are large institutions like pension plans, fund managers, etc. (people managing large portfolios for many other people that are hands-off)
The thought I am bringing up is that in the bigger scheme of things…a single state (even NY) is a small player vs. the federal government (namely the IRS and the SEC) and those are the ones concerned about “hidden/concealed” accounts. I think the privacy of transactions aren’t much of a concern (except for law enforcement) but the ability to hide balances in shielded addresses might be.
I know, this is maybe a depressive post,
but i cant imagine, that real institutional investors will ever be invest in basic cryptocurrencies. This kind of guys like pension funds or normal funds invest only in things, which are giving constant returns like shares dividends or bonds etc and this things must be at least predictable and secure. Image, a pension fund would invest all the money from the people in something speculative and lose the money. it would be total crazy.
This is all a crypto social media myth with this “institutional investors in crypto”…
The only “institution”, who will ever invest in cryptos are maybe the profit seeking hedgefonds.
Edit: Maybe some years in the future there is the possibility that maybe some of them are investing in Staking tokens, which is at least similar to dividends.
And at least if there are not real regulations in crypto no one of this guys is investing. They are all need legal certainty.
Heh…do not despair! You are largely correct but there generally is some small discretionary percentage available in the funds. Even a small percent of institutional investment into crypto would be a big deal.
Also, the “semi-involved” mutual funds can also be included here.
Crypto is still a VERY small fish in a big pond.
ah thx good to know, so i was right, that maybe some others can cancel the approval from the ny state… typical SEC…
But i also think (like you), that the privacy of transactions shouldnt be a problem for them, its like fiat pay with cash…
While I understand this sentiment don’t forget that in the last couple of years there was north of 10 trillion dollars in negative yielding assets! Who would possibly have considered that realistic even a short time ago. My point being is that things/perceptions change quite quickly and with the World awash in debt - throwing some money into crypto even for a pension fund with no hope of matching their unfunded liabilities (which is basically everyone in the developed world) is actually probably a gamble worth taking. With the market cap so small (relative to other asset classes) even incremental buying has the potential to push prices dramatically higher.
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i am not that desperate, maybe it came over wrong
(because for the typical crypto social media guy it would be a depressive post, "what? of course pension funds will invest trillions in crypto…its FUD… )
i am total aware that crypto is very very small in comparison to our financial world, years to grow…
Thx for your thoughts.
Hi,
thx. i like your answer, could be possible. i hope you are right
Isnt the basic idea of investing cryptocurrency is to gain profit. Its like trading stock (buy low sell big) but the huge difference with stocks is that the value of it is correlated with significance of the company and revenue. For cryptocurrency the value depends on how much money is pumped in. The biggest question i have is how can a bank differ from cryptocurrency if you intend them to just safeguard your money? Imo bank is much safer but without good investment in the long run it is bad for you economically because while the bank is benefiting from your money you are gonna suffer from inflation since the interest the bank gives is quite insignificant.
If you are a big investor, wouldnt you just risk on buying stock than risking it on cryptocurrency because of its volatility. I forgot to mention that the price can be manipulated easily by whales.
This is just my opinion. Pls correct me if my statements are wrong.
“Big investors” are also concerned with preserving wealth over long time frames. Here it could be argued that crypto could be treated as an uncorrelated asset and a hedge against the collapse of the financial system. Gold normally plays this role but there is some argument to be made for a digital equivalent as it is held outside of the financial system, is highly mobile (as in not constrained by borders) and is trustless. I in no way think a rush of institutional investors is guaranteed but I think the risk/reward sets up pretty nicely when you combine this hedging aspect to the almost guaranteed reaching for more speculative assets as nominal yields on bonds seem constrained long term due to stunted growth caused by the epic debt burden.
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Regarding the institutional use of zcash, isn’t Gramm–Leach–Bliley Act of some interest, at least for US institutions?
Nope. Not in any particular way beyond what it already does before crypto.
No. It’s no different than the US dollar. Its purpose is to be spent and used as a stable store of value, unit of account, and medium of exchange. That’s what a currency is.
One does not invest in currencies. Currencies are not investments. Currencies can be traded. Their relative value to other currencies speculated on. But that’s effectively it. It is only speculation. One can come up with all sorts of justifications for why a country’s currency is actually an investment based on all the economic activity and growth in that country etc but in the end its’s all still just speculation.
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Oh boy…
It’s very different from the US Dollar (physical) and US Dollar (digital)
People absolutely do invest in currencies: currency arbitrage
I tried typing out a simple explanation why, but it’s just too big of a topic. I will just recommend you go look into “asset classes” (which physical currency is one example of) and how they differ from each other. Crypto is an asset class all on it’s own.
The St. Louis Federal Reserve recently published a report that included some detail on this…
https://research.stlouisfed.org/publications/review/2018/01/10/a-short-introduction-to-the-world-of-cryptocurrencies/
change in time
Does not exist in efficient markets, only inefficient markets. A good example is the crypto price premium that built in south korea earlier this year. Most were unable to take advantage of it due to needing to be a south korean resident to even use their exchanges. It only existed because of an inefficient global market
Only inefficient markets actually exist. Everything else is nothing but theory in a classroom. As long as humans run the economy, you can’t ignore human behavior in any market (even communism). Therefore there will always be nothing but inefficient markets…and therefore arbitrage.
(at least until our machine overlords come out of hiding and take over)
It’s never actually a question on IF there is manipulation but more like WHO and to what extent.
Regardless, the point was that crypto currency is not physical currency and it is not digital currency. It has its own asset class, function, and rules.
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Usd is coming
There is no such thing as efficient market and it will probably never exist. A commodity will only have zero differentiation when it is consentrated to a single point or a small number of large firms. I dont want to live in a dystopia where the prices are dictated by a single entity. That is why a market is good because of its flaws.
Yeah, saw that coming when they eliminated the non-verified account trading. I wouldn’t be surprised to see Poloniex do the same in the next 6 months.
After everything that is happening with zcash I see a bright future ahead of us(i have a bullish feeling). I was wondering if anyone feels the same. Do you guys think we can reach ATH by end of the year?
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Bittrex has a new pairing, TUSD (true usd), new one for me, must be part of their new USD implementation
is it like Tether again about 1 unit = 1 USD? I guess so, but just asking
Yea I think it is a different form of a “tether” which makes sense given the controversy surrounding tether coin but idk if thats their reasoning, exciting though, i really like Bittrex
Edit- although I really don’t think it’s necessary,
if the dev would like to reach out to accelerate a Zcash USD trading pair, there’s a support ticket specifically for coin team https://support.bittrex.com/hc/en-us/requests/new?ticket_form_id=360000071371
I didn’t had yet time to look into the TUSD currency. After it’s again a stable coin, it must be backed up again with USD in my opinion. As Tether is claiming. If there is no audit or other garantee i can’t see any difference to Tether at all.
Did anybody check yet how that TUSD is backed up/insuranced?
Heres the FAQ
https://blog.trusttoken.com/trueusd-faq-18dbc563fb67
Sorry I keep meaning to hit your little reply Arrow!
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Most of the written sounds like Thether, just the escrow part seems to be different.
What i miss is a clear reference to what bank and who did an audit and who is observing all that. Without that information for me it’s just a blank paper, nothing more, nothing less. Of i could miss something…
https://blog.trusttoken.com/why-trusts-flexible-legal-buckets-that-can-own-and-manage-anything-2b59d4a8f0c9
This link describes the usage of trusts, refers to them as audited monthly though you may have to request that
Also their legal partnerships seem fairly stellar,
WilmerHale and White & Case
Idk, I like Zcash, what are we even talking about?! Lol!
Edit- an excerpt
The trustee is chosen by you, the client, from an open, distributed marketplace of freely-competing professional fiduciaries (instead of centralizing asset management to a private, unaudited startup, the way that LAToken or Bankex do).
The US financial law system and modern fiduciary industry have strong incentives to maintain high fiduciary trustworthiness. These include the credentialing process to become a professional fiduciary, plus the threat of imprisonment, charges for damages, and loss of career.
Edit- im skeptical the same way, too many double standards out there, but assumption is how I stuck my foot in my mouth about the GDPR, gotta read
Edit2-
Double standard - say one thing, DO SOMETHING DIFFERENT!
I find the concept of trust to be antithetical to cryptos.
That raises the question if Stablecoins that pretend to be fixed/backuped by US$ or even gold are indeed cryptos, a hybrid or something else, not?
Pinning or comparing cryptocurrency valuations to fiat is a wasteful exercise at best, one that only has any meaning in the short term. Gold is worth whatever it is worth and so is bitcoin. We can agree that you and I can trade my car for x units of ZEC without the need to compare the value of ZEC or the car to USD. The value of either WRT fiat is a convenience, but the real value of either is based on the parties’ need and time.
I think the exchanges are not in the best interest of cryptos for the long term and only serve to fuel the greed of the speculators and manipulators…though all of this is really a discussion for another time.
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Thats why I like you @phakov, pure dissonance (and remember, dissent is the highest form of patriotism)
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https://shop.zcashcommunity.com
BOOM! And because
"About Us
Zcash Community Store is wholly owned by zcashcommunity.com and is not operated by Zerocoin Electric Coin Company. Zcash Community Store is officially licensed to sell Zcash brand products. ZCASH, Internet Money, and the ZCASH logos are trademarks of Zerocoin Electric Coin Company LLC. All rights reserved. This store is GDPR compliant please see our Privacy Policy "
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i didn’t find an option to pay with Zcash for the items, do i miss something?
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Aside from credit, and coinbase commerce ( we know what coins they support), theres coinpayments.net and these are the supported coins https://www.coinpayments.net/supported-coins
New SEC digital asset czar
Also
Same for Zcash, it almost follows the price
But, look whos searching the most (day, week, month, year)
https://trends.google.com/trends/explore?q=Zcash
(Multi thread mystery thickeners 
)
Edit- so I was thinking population but the other big coins (eth,btc,xmr) arent the same main searcher…
I dont suppose these search analytics represent mining? 
(Probably not (???), population maybe, btc banned?
Past 7 days
Past 1 day, it looks like you can tell when they all go to bed!
Theyll be getting up soon…
In short, no, I am not feeling very bullish for ZEC right now. It’s already June, we should have seen some movement already. Movement will come soon, but the longer it takes to start, the lower the target price will be. Basically things could start moving at any time, but they will stop moving by mid-month following the half-year marks (so mid January and mid July). This is when people who were influenced by the half-year have burned out their steam and they relax for a couple more months.
The December/January build-up was great but that started at the end of October/mid-November. For anything like that to happen in June/July we would have had to see movement already.
The reasons we haven’t seen movement are all the same reasons I’m not confident we will.
Oh…and a side note…ZEC fell another 2 spots to 25th place on overall market cap. Meaning those things that are holding back the overall market from taking off are impacting ZEC even more. I can be optomistic about price slipping, but market rank is a painful one to see slip. We might not see movement for ZEC again until September with Sapling.
If we pushed ATH in the next 12 months my money would be on January again. So basically, no, I don’t think we will hit ATH this calendar year.
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Does anybody know where the extra $500 billion came from last year and why it left?
Two main items…
- ICOs peaked then fell off significantly (largely regulated or outright prohibited in developed countries)
- Hype leading up to the launch of futures trading (and the drop-offs all coincided with major futures dates)
Probably throw in a half-dozen others (like the Bitconnect blow-up) but those first two probably account for 75% or more of it. Those two drove the general pubic interest up, but as you can see from the google results, interest is way down.
Another reason I am not feeling bullish, we should see movement in web searches for crypto (mainly bitcoin) before the market starts moving again.
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Not looking too good
I decided to sell my BTC 'cause of such a low price, it seems that BTC is dying
Maybe this is the developers plan for zec. Upgrade their system first, after it becomes more stable then they will open up to new trading platforms. Remember that there are alot of risk to cryptocurrency so safeguaring them is probably for the best (new features are good too).But i think that they should try to open to the other market as soon as they can since there are a lot of big competitions out there that can eat them up. Once they go down its hard to bounce back.
What fuels up crypto market from its begining to the point where we are now is just a pure speculation, and I mean speculation in its worst possible form. What worries me a bit and surprises at the same time is the fact that we still don’t see an upward movement bearing Overwinter in mind. I calm myself down with a thought there is still enough time for a dump and the dump is still not deep enough.
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Like to hear @kek opinion to all this and to calm us down😀
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…thinking we’ll look a lot better by the end of the month. haven’t seen anything to make me feel the need to adjust price targets downwards.
zcash tried/fought… problem is bitcoin just kept tanking. we’ve honestly had really bad luck with announcement timing. hang tight, we’re going to bust through, and leg-up …only a matter of time
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Always helps😎 20char
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Is it me or is the scale for BTC and ZEC at bit misleading on these charts?
When you look at zec/btc it is a totaly different situation. We had some gains in comparison to BTC. But we have lost all of it by now.
charts i posted are zoomed in on month/week.
side note - if BTC was able to defend (roughly) $8,300-8,500; thinking zcash would’ve been +$500.
timing was off, imo, probably would’ve hit +$500 if the announcement was made a week before consensus 2018.
we also had people that were mad about the ASIC debate, and dumped breddy hard on our rally. they did blow their load, and won’t be able to do that again. imo.
Guys pls enlighten me about asic. Based on my basic knowledge about asic, it is much more powerful than gpu. So with asic, a person can haul in much greater than a gpu user. With that in mind, if a person is able to invest on asic and mine at a very fast rate can it pull the price down?
imo, price would rise with ASICs.
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High supply = low demand (low price)
So adding asic in the equation would decrease price right?
Supply is constant 12.5 zcash/2.5minutes.
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Jeps. The more hashpower, profits go down. There Will be no more coins when Asics hit, since the coin rate is fixed .
Nope, as seen with other coins, we should see a price drop associated with ASIC adoption. The main part is fewer individual people getting the mining earnings.
Mining earnings distributed across more people leads to higher volume which coincides with higher price (basically higher adoption).
When those people leave ZEC to mine something else, most of them will not convert back to ZEC but instead hold and deal in the currency they are mining (thus further promoting their mined coin). This results in a decrease in adoption which drops the price.
If we see gains in ZEC, it will not be because of ASIC, but for other news having a greater positive impact than the negative of ASIC.
Also, we are seeing down prices because those who were waiting for the June jump MUST sell to cover expenses (in addition to the miners still dumping because of ASIC). Last year the spike was on June 19th and the run-up to it started somewhere around May 25th. In short, it’s not happening but the need to sell and cover expenses is still there. I still think a spike is likely sometime between now and mid-July, but we are definitely late to the party at this point. Though I think we are in for more of the same for the next week or two.
When ASIC adoption increases, it’s the other currencies competing for hash-power that benefit the most. I would expect to see Ravencoin of BTG make a nice run in the near future.
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disagree with you. people will need to buy specific ASICs to mine. they’re not overpaying for equipment. we won’t have GPU farms switching to the “hot coin of the day”. we’ll have less people dumping on the market. traders will take command of the markets. i’m willing to wager on this.
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I would think most non-hobby miners sell their mined coins according to a business plan. Ie 30% mined in a given period is sold at the end of a period. 30% sold after N*period. 40% held for longer term or sold when needed.
Without traders you can’t sell your coins. How come you want a pump so badly if you are such a purist? When there is a few percentage price move you go nuts in here.
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who do you believe provides liquidity? without traders/investors/speculators a token would never have a chance of becoming money; wouldn’t mature into anything more than a collectible. traders are most important.
take a poll, ask “would zcash community prefer to attract more miners, or traders?”
official totally non-biased visual of the importance hierarchy of an alt network ; )
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- snip *
In a shitty mood today…posts deleted…disregard previous transmissions…
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That is true but with constraints.
Generally it’s…
- Sell % in short term so long as price is greater than X. (min-acceptable revenue)
- Sell % if price greater than Y (short term target price, this is where they make money)
- Sell % if price greater than Z (long term target price, long term reserve)
Bills have to be paid but any non-hobby mining operation knows that a certain level of capital is required to keep on hand to make sure low points are weathered if price drops below min-acceptable revenue level (#1).
However, these operations are dependent upon #2 happening in a timely manner, so when you have significant down periods (like the last 5 months) then the upswing at the half-year is far more important. Though that also means many of these companies are sitting on reserves that are ready to sell as soon as target prices are met. Unfortunately this is a larger suppressing force on the market the longer it goes without reaching that happy price area.
At some point these companies need to dump the #2 reserves because that’s where they actually make money (not just scraping by). The longer they wait, the more urgent that need to cash out will get and the lower the acceptable price will be. Again, this is another suppressing force on market price the longer it goes.
LOL. Funny.
Though I would argue that “traders” (those dedicated to trading and not development or mining) are far less important to the market than we think we are. I think significantly more volume changes hands from miners and developers than traders currently. We traders just kinda pick up the middle-man point between the real users.
I can see that changing in the future but I don’t see us there quite yet. Seems to me that spooking the miners makes a bigger impact to market price than spooking the traders does.
Actually, one might even argue that traders are the reason the price has been more manipulated and suppressed over the last 5 months thanks to the futures trading.
Just a thought, nothing to back it.
more miners = decentralization
miners cause new blocks to be formed thus allowing more ZEC to release
miners confirm transactions
No miners, no Zec.
Without traders no market. You would be left with nothing but a fat electricity bill to pay without a marketplace/exchange/traders/speculators. Mass adoption would not take place if only miners used coins to buy goods and services. It would be like saying that only pilots should fly in airplanes.
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I agree with you on this. I’ve stopped mining and have since moved into selling hashing power. I’d rather invest what’s ever left over after expenses into ZEC and play the long game.
I do think that the hot trend of crypto is over. Crypto is not going away, it’s just going to be serious investors that will buy. I’ve seen these types of trends with oil and precious metals. From the charts it looks like oil is making a come back. That’s going to take the quick buck people away from crypto. The smart people know the value and will continue to invest and in time ZCash will be up there in price with Bitcoin.
Actually there are a lot of projects without miners or less miners. From POS, to hybrid, to whatever. A given Coin/Project can find an option without miners while without traders/investors there is no option left to bring in money & volume …
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Only movement there is, is down…
Went to sleep last night with the price around $240 USD. Wake up today and it is $211 USD on Kraken. What happened between that time to make the price fall like that?
In the time it took to type out my last post, the price fell to $206. Bad times.
Bitcoin is busy taking another shit, down to $6837 & pulling everything down with it.
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Another crypto-exchange cyber attack (South Korea, Coinrail).
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Here is another reason things are down today.
damn, BTC down to 6.750 now, 600 USD down in 1 hour …
I don’t think the coinrail hack is responsible for that, more likely the CFTC issue, but maybe the market got angain overflooded with some Mt. Gox Bitcoin mass sales?? Anybody checked?
There is a Chinese wallet with 90 000 Bitcoin in two months, there were two 8000 Bitcoin transfers to a exchange I read. Could be a dump, will look for the article
yes, this is more likely a reason for such drop in price. Can you check if it was a chinese or japanese wallet please? If it’s japanese it’s most likely the Mt. Gox Bitcoins that still get sold in masses…
Mysterious ‘whale’ begins channeling bitcoins back to huobi
They think it’s Chinese, they got 90000 in two months, wallet is known, owner no idea
Thx for posting the link. It’s not a mt. gox adress. Just in case someone is curious what’s still coming from the mt. gox hack, here all wallets monitored and waiting to put on exchanges …
Still 137,891 BTC and 137,891 to be put on exchanges from there as well…
Doesn’t look too good within this year with these 90.000 Chinese BTC and these 138,000 japanese BTC …
I made a little misstake, it was not two times 8000, but two times 4000, still a big deal. No idea where this is coming from or going to. MtG will do some more too, not over yet.
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This was the first article I saw.
Mysterious Chinese Bitcoin Whale Hoarded 94,000 BTC
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Wow. I cant believe this. The price drop was so sudden.
I’m thinking the prices are going to rebound in the next few days. I’m thinking the price manipulation thing will cause a surge in price in the next day or so.
In a conspiracy theory sort of way with the dump from the Chinese wallet and the CFTC going after the exchanges and CME for price fixing, I think it would make a prime scenario to for a huge profit.
But what do I know, I’m just a guy who wishes he had the money to invest heavily right now.
Same here, if only i was a month behind i would have made large profit. I bought when when the price was above 330$ and now its worth around 200$.
Just Hodl and you will be fine in some time 
Yes. Thats what i intend to do hodl till it reach the moon 
doesn’t look good at all on btc ,
at least last drop to 6k was giving some strong buy signals . now I don’t see any .
this can break previous lows .
any way price can do anything . but doesn’t look good to me . if I was out of the market . i would get very few at 6k and wait for further buy signals below to get remaining of position .
this can get really ugly
My thought is that later on today CME is going to halt futures trading of BTC pending the outcome of the CFTC investigation.
This will cause a little jump in the price, but we won’t know until we hear more this afternoon. For now BTC is going to most likely stay at it’s current price. My advice with ZEC being at $200 is to buy buy buy!!!
nasty dumps on sundays with no news is pure manipulation. nobody would sell large amounts of BTC on sunday when they could sell during the week when western markets are more active (liquid). somebody (china?) wants cheap BTC!
< 200 now…175 here we go
At least it’s cheap…Get ZEC at a discount while you can! If you miss it, you’ll regret it…
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seems like this has happened before (check the dates) hang tight!!
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Like to see 3 figure% spike, we are just floating right now and tailing btc
everything is at his end. forget cryptocurrency. find another hobby.
Well see what the fed says tomorrow, ECB on Thursday and Bank of Japan on Friday
And sinking again…
The US passed some onerous legislation recently that criminalizes anything to do with sex work. This is why BP is gone. The right wing nutters are really doing a number on everyone…sex workers are using cryptos for payment and I say good for them.
Privacy cryptos are good for all. It keeps prying eyes and greedy government operators out of private affairs.
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2 most important fundamental indicators for an alt network is TX/hashrate.
zcash TX’s are almost back where we were during jan’s spike!! hashrate continues to climb at a blistering pace… great news, imo
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What is your prediction for this month? If you have something figured…
this could change, but without news thinking $230-250 range. really a shame we couldn’t defend $200… we’ll probably have to fight over $200 again, then break resistance around the $230-250 area; could take a couple weeks. will take a lot less time if we continue to defend current range in the $185-200 zone.
one thing that could really help ZEC exchange rates is v2.0.0 Milestones - zcash/zcash · GitHub due on/around july 2nd. this is a big deal for zcash, and a “pumpable” event. might make us stick out from the crowd… if played right
do you think it can be ‘hyped’ while almost 0 promotion made so far? can a tech upgrade really pump while normal user can’t really understand what it does exactly. i’m asking your opinion sir, because i’m quite pessimistic right now
“Less than 1% of hours with such heavy Tether transactions are associated with 50% of the meteoric rise in Bitcoin and 64% of other top cryptocurrencies.”
it can, and should be hyped, but poor outreach in the past makes your feeling of pessimism valid. thinking this one is important enough for more outreach.
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If this continues we will see ATL , whole market is f…d🤨
Heres another
Some seriously misleading headlines…speaking of market manipulation
Nothing in the stories about any actual manipulation of tether.
“What’s that you say? They were trading in tether while manipulating BTC? NO SH!T!?!?!”
In other breaking news: Sky is blue. Water is wet.
In other words: these stories mean nothing and don’t draw any substantive conclusions anyone here didn’t already know (that tether is used as the common fiat for most trading). But it sure is pissing off the market today.
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Is this guy for real? It seem sketchy for me
[Edit by @daira: this refers to posts by BlackBackPage2 and Blacklysnipes which have been deleted.]
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Its called phishing (obviously) and persistence really works on some people, sad really
More importantly its the Code of conduct
https://forum.zcashcommunity.com/faq#CoC
Lol, asking myself the same at the moment …
Just in case he is real and the “proposal/offer” as well. I don’t think Zcash should do something like that. With the listing on gemini in my opinion it’s best not to risk something with sponsoring/affilation with such shaddy, mostly even criminal, sites, not?
You are probably right. There are alot of scams here so to be safe, if your guts is telling you something bad it is best to walk away from it.
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You should use it because its the most secure and the strongest network of its type, not because you were bribed. The privacy of your customers should matter more than a fee.
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It should but there is no central escrow posting’s not illegal
gal its still up to the clients to use best screen practices and opsec. My clients that would be using paid features were already using Bitcoin. Now do to new laws I can be held reliable I was looking for a privacy centric coin for my own Good. What options do Iphone/android users have for simple wallets?
Why don’t you save a few bucks and buy yourself some zec… Why are you here asking for donations? You might get those donations and disappear from our forums. I don’t want zec to be directly involved in fueling your business.
Also, if anyone donates me free zec, “I’ll promise I’ll make a Backpage 3 site and your wildest dreams will come true.”
This is price speculation thread, please be on topic.
Zcash is relatively young and can’t make it more relevant until it matures more. With only 4 million in supply, we need to see how Asics will distribute the coins amongst miners. The articles about btc manipulation isn’t helping us much too.
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Guys do you have any speculation on when can we observe a drastic increase of price of zcash.
Let’s hope sooner than later!
Market seems out of fuel, need some good news…
Probably not until after Sapling.
I think we’ve had 2 straight months of good news now and still out of steam. This might be the story for the rest of 2018.
We will have runs again on occasion, but I don’t think we will see numbers like we did in December/January for the rest of the year. (probably not in 2019 either)
The 2018 run is looking more and more like the 2013/2014 run then things leveled off a lot for the next three years.
There can be more and more good news and advancements but unless something comes along to encourage actual consumption/adoption/use by the end users, I don’t think anything the suppliers/devs do will really make an impact on the market.
Too much has the end users jaded right now I think. The dump from December (manipulation?), authorities screwing with Japanese and Korean exchanges, equihash ASICS, there is a lot weighing on the average crypto user right now and none of these issues have any light visible at the end of the tunnel yet. Until they do I think we can expect more of the same.
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Update of Network and Market Statistics:
The following are all based on the average from the last 7 days (so eliminating impact of daily/hourly volatility in measurements) vs. 30 and 90 days ago…
Difficulty:
- Difficulty has increased 25.3% vs. the same period 30 days ago.
- Difficulty has increased 5.3% vs. the same period 90 days ago. (much higher price, see below)
Market Price:
- Price has decreased 30.6% vs. the same period 30 days ago.
- Price has decreased 41.8% vs. the same period 90 days ago.
Price:Difficulty Ratio (Mining Earnings Ratio) :
- P:D Ratio has decreased 44.6% vs. the same period 30 days ago.
- P:D Ratio has decreased 44.7% vs. the same period 90 days ago.
The Price:Difficulty ratio over a period of time is an important measurement because difficulty changes have by far the highest correlation with market price. Price goes up, difficulty goes up, and vice versa. This measurement represents the general compensation motivation of the mining community to provide hashing-power to Zcash. It’s significant drop with the significant increase in difficulty is what is expected to happen when ASICs are announced and released on any crypto network. This period measured represents the period of time that public disclosure of the ASIC mining happened.
I believe we are already seeing our 30% increase in mining impact that was expect in month 1 following an ASIC deployment.
The speculative impact on longer term market/network conditions are that this will gradually encourage miners to seek “greener pastures” in other currencies which they will adopt for general crypto use (no longer using ZEC). Lower adoption will likely result in lower volume and lower market price. I think most/all of the miners currently supporting ZEC network are either speculators (dreaming of a better tomorrow in ZEC price) or ASIC miners (which each is equivalent of at least 4 or 5 GPU rigs).
Zcash specifically I believe has a real problem with user adoption decreasing at the moment. Gemini was a nice pickup and a perk to those of us already using ZEC, but I don’t think it really did anything to encourage new users to adopt ZEC vs. other currencies. I don’t think “privacy” is important enough to people buying into crypto with real $ (since more of them are doing so for an investment, not to make transactions).
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we’ll kiss $1,300 this year, imo
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amen to that…may i know which event might trigger that kiss? 
- sapling deployment is a “pumpable event”.
- ZEC coinbase listing is a definite possibility (i would take a chance, and buy ZEC even if i didn’t care about ZEC, specifically for this)
- zcash didn’t get listed on gemini for charity, certain actors must’ve been asking for this. let them accumulate ( ;
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i’m actually glad sapling was pushed-back
unlike last couple upgrades, we need to do more outreach with blog posts/coordinated shill ops… also, market cycle will be more in our favor. we need to form a crew of shills to dominate social media… “shill team 6”
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I want it to reach 1300$ too but i think the devs shouldn’t just improve the quality of zec like sapling but also make it more accesible to the market. For example they should try to make zcash tradable for goods like food, electric bills, gadgets or maybe for online purchases like amazon or maybe for e-gambling lols (the last one is just a joke but if they did it they will really make big money haha). They should also make it more accessible so it is easier to buy in exchange for fiat. With that variables im sure its price will grow very fast.
Look at bitcoin, it may lack in technology compared to the other crpytos but what makes it marketable is that it is easily accesible and can be traded for goods. Security is #1 priority but accesibility and tradability is a must.
Ps; Please forgive my grammar because i am really sleepy. This is just my opinion so if im wrng do correct me. Thank you.
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This is my understanding of cryptocurrency in a perfect world. Hypothetically a cryptocurrency starts low in price those who buy/mine coins in the beginning will recieve the greatest profit while those at the end will gain less. In the early stage it is still unstable since prices increase and decrease rapidly but once it reaches its greatest of all time high then we can assume that the price of the coin wont increase anymore. If that happens those who buy coins at that time wont make any profit but will suffer loses. So at that time it will be good for trading goods only. That will likely happen in the future so if you want to gain money (for investment) you better hodl while it is still in its early stage. Because if it reaches the greatest of all time high(GoATH) which is the most peak, the price will just dance around that price.
Btw greatest of all time high is different from all time high possible. All time high possible is only achievable if the total sumation of all currency is in a single cryptocurrency. So we can estimate it but its nigh impossible to attain. However the GoATH will never be known since it can range from ATH to ATHP (all time high possible).
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one thing people might not understand: bitcoin was memed into existence. our memetics need to imporove 
like many communites; zcash might have too many big brains. for mass communication to be successful; communication needs to be on an 8th grade level. that’s why memetics is successful… picture’s worth a 1,000 words. humor/ridicule memes will work very well for zcash, specifically.
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My phrase I always hammer at my team when they are developing the narrative…
“Present to kindergartners, be ready for the PHD.”
(a common one is Eisenstein’s “If you can’t explain is simply enough, you don’t really understand it” tends to get overplayed)
But like so many other crypto, ZEC doesn’t have much for a marketing/communications effort. Without getting too much into the weeds on communication theory, the short is that the narrative always drives success, not the other way around. Because of this, you shouldn’t rely on someone else to develop the narrative for you. This has been on of my longer standing criticisms of Zcash (though in fairness, it’s not unique to ZEC in the crypto community).
Know who develops their own narrative? Coinbase, Gemini, Ethereum, Ripple, Dash, Monero…
I think you nailed it…accessibility will have a far greater impact on adoption right now than network upgrading will.
Unfortunately, I think the network upgrading has to happen to support the increased adoption, specifically for Z-Addresses. There are plenty of other coins you can use for just as cheap and faster than ZEC for normal transactions, the shielded addresses are the real advantage. They need improvement for greater adoption to utilize them.
I completely agree with you. Network upgrade should be prioritized first since it can and will be one of the advantage against its competitors but i hope that the devs will not disregard the other important factors. Cryptocurrency like all goods need to be easily accesible and be known in order to be sold in a market. No matter how good a product is, it is useless if no one knows or doesn’t have access it. Thats why big companies pay so much money on advertisements, because they know that society follows trends.
7% move out of nowhere, any news?
Good GOD ALMIGHTY! THIS!
@zooko - hello? Seriously, man…this is marketing…I nominate @kek to be your new CMO (FWIW)
Second case study: Branding, vis a vis Dogecoin…so wow…very money.
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So this will be a bit of a problem for adoption: possible discontinuation of windows Zcash wallet. Which could result in a hard-fork with upcoming updates.
This is a problem akin to not having adequate marketing/communications. Zcash has plenty of development talent but lacks many of the support talent required to make an organization thrive (in this case a Strategic Analyst or a Product Manager).
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They can apply some of that talent and develop their own wallet ASAP.
Good news! This was just posted Careers - Electric Coin Company
While I fully support the continued development of WinZec the hard-fork stuff is a bit overblown as there is a plan to put non-Overwinter nodes into safe mode before Overwinter activates Zcashd v1.0.15 and below into safe mode a few days before Overwinter activates · Issue #3328 · zcash/zcash · GitHub and would require a user to manually override this to transact on the “wrong” chain. That said, as per this thread, I can’t imagine Overwinter being a major catalyst for the price to the upside and has the potential to cause a bit of short-term disruption 
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Scroll down to “US Exchange Differentiation Takes Back Seat as Coinbase Follows Suit”., then “|| BULLISH CASE FOR ZCASH ON COINBASE?”
could be a useful tool for people that don’t like wasting time on twitter http://cryptotwitterstats.com
Market f…d again😐…
Als is laughing now…wtf!
Btc is droping and killing everything
Im not surprised by the way it moves we might see bitcoin droping below 5k, might as well blame those hack prone wallets.
kekekekek!! USDT 24 hour volume’s almost beating BTC volume!! can anybody explain to me how zcash gets listed on multiple new exchanges, and our volume drops? not sure i’ve ever seen an alt market react like that after being added to new exchanges (outreach wen). we’ve grossly over corrected. this is called clownworld.
just had a random thought …guess it’s possible our volume could be down today as exchanges/people prepare for overwinter. believe i read something about that somewhere. volume dropping today, and tomorrow, specifically, might not be a big deal.
Yup, very likely IMHO, people don’t like moving coins during network changes.
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HODL - If you can survive several years of waiting, it will pay off…
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best i can do is months
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this was predicted Price Speculation - #210 by kek
we will mostly recover this year, tho. thinking sappling will be a catalyst event for exchange rates. know it looks rough, ATM, but that’s what i’m thinking!
side note - this is ZEC specific. thinking most of the markets (at best) will move sideways until late in the year, or 2019 in preparation for 2020 halving season.
just had a random thought: there’s some heavy hitters at zcon0 …couldn’t imagine a better time to drop an announcement.
side note - dude speaking at zcon0 (meckler) is working on some cool stuff.
Ha! That would be fun.
Can just imagine @zooko doing a Steve Jobs ‘just one more thing’…
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anybody know what ZEF might stand for?
whatever “the ZEF” is - can be explained within the scheduled 10mins speaking time, which is below average for speakers.
speculation, since i have nothing better to do… zooko/vitalik are both present… so, Z, E, might represent Zcash/Ethereum, F=Fund? would take about 10mins to announce a fund.
“Partner @ INB, China’s largest blockchain-focused fund” << speaker’s twitter profile.
to warrant a speaking position right before the end-keynote, the fund would need to be very large, i’d imagine.
~ speculation ~
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And if that would be it, whats the effect?
It is after the Ethereum’s governance model presentation so it is quite possibly related to ethereum and zcash.
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Zcash Education Fund? Or Endowment (can be similiar)? Ooh excited
Edit- ah, its ecosystem
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1 ZEC = $2600 before EOY.
“Zcash Ecosystem Fund”
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Interesting idea that hopefully will work. It could help fund development after the founder’s fee expires.
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Market is so low, cant see the light at the end of a tunnel…
there must be something big on the horizon. last few days; some bitcoin devs have been extra salty with zcash!! lol
…and there goes $150 sad we couldn’t defend it
…and we’re back @ $151 w0000t \o/ defend $150 ZCASH , YES BB YES!!
at some point soon, people will get tired of being fleeced
Well…you can’t blame them, Zcon0 was quite salty about BTC!
I doubt ZEC will slip much further. Sapling isn’t that far away, then there’s Coda, think we’re going to see some amazing mobile wallets.
side note - coinbase CEO started following zooko on twitter. must be fairly recent follow since it’s one of the last he followed.
add this to the interesting file
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they need to be!
bitcoin TX = prosecution futures
bitcoin isn’t fungible enough to be taken seriously as a currency. core has known this for years, and nothing has been done. they’ve ignored the fact bitcoin’s nothing more than a tracking token, and that prolly stings. they deserve to feel that sting, imo.
side note - coda seems really cool… super excited about that!
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i’m no fan of daily stormer… but this is terrible https://twitter.com/neonaziwallets?lang=en
just remove daily stormer’s address; replace with your favorite entity. track any institution/corporation, or stalk your ex! build a bot, and tweet all their TX! no way any serious actor (institutions) would put themselves into this type of situation. bitcoin core should be doing something about that, but they would rather toss shade at people trying to fix this very serious problem /rant
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So, mid term speculation??
yeah…that’s all the cryptoworld needs is that zuckerburg…
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kinda funny, i’ve never used facebook. imagine it completely sucks… i don’t use coinbase either. but, can’t be a totally bad thing if we want to spread our wares.
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One of the recent Facebook patents was to secretly start recording your microphone after certain audio segments are processed to capture the listeners response. Facebook seems like the least-caring public company when it comes to private user information.
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You say this… but maybe that would actually bring more interest. Think if Facebook just started providing crypto content and ads and tutorial videos in people’s news feeds little by little. Millions of new people wondering what it is and how to use it.
Facebook is an organization devoted to studying, analyzing, predicting and influencing human behaviour online. It is not something good. It is chilling to know it could be involved in cryptos. More analysis for the power masters - nothing good can come of it.
…removing my ideologue hat…
Great research Kek! If Facebook acquired Coinbase is that more or less likely that Facebook would issue their own coin?
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if facebook ever acquired coinbase the bulls would be greater than last years…
Go mark right!?
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Facebook needs to be GDPR complaint or they’re toast, thats why Zcash is appealing to them, also why they’re coming out with the new Facebook private version It’s supposed to be kind of similiar to a dating service scheme or something
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This is good news. The more people knows about zcash the better for us.
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wrong topici guess, and i have a feeling the author messed it up a lot …
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Aside from ZCash, where do you thing BTG will stand on the inc bull? I’ve switched from mining ZEC to BTG. On the last pump its peak price was 480…do you think its gonna reach that far up? Same for ZEC, is it going to “recover” to 870?
BTG is a weak (less secure) cryptocurrency that isn’t really used for anything outside of speculation and trading.
BTG is also most likely pre-mined (from the start):
This is different than the Zcash founders reward, which goes toward paying for the improvement of Zcash over time and makes the company and founders depend on Zcash’s continual success.
Beware of BTG.
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LMFO they done a pre-mine and ? its explained how it will be used and when it will be used in official documents at least they keep the coin asic resistand as they promised not like zec did lately stabbed miners in the back
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Time will tell I guess. Let’s see wait and see
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I think these dead projects/coins are hurting a lot the crypto market …
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they do discredit legitimate projects. take a look at the top 20 coins on coinmarketcap. there’s only 2-arguably-3 projects doing anything interesting. not sure how the markets can remain this irrational for so long. the day of rektoning will come for these rancid projects one day!
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not only this, i as well think one of the problems with such death and scam projects is that they drain money out of the crypto market.
I mean if some scam project makes for example $ 10M i doubt it will be reinvested into our projects but more cashed out into fiat, just thought and guess only.
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Dont ever get out of the boat
can anybody explain to me why dash volume is blowing zcash out of the water? we’ve been added to several new exchanges, including 2 new ones in the last couple days, but our volume continues to sink. this is telling me our outreach is failing hard. zcashco does have a marketing director, and i’m sure he’s super nice, but does he have much experience marketing cryptocurrency (not companies in the industry, but actual cryptocurrency)? imo, an entity that’s never shilled on the trollboxes isn’t really qualified to be a director of marketing for a cryptocurrency. volume should rise as we age… honestly don’t care too much about exchange rate; volume is upmost importance! after the latest correction, there’s a ton of money sitting on the sidelines… and here we sit borderline illiquid. also, zebras are terrible
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did something happen with barry? last few months dude seems to go out of his way to not post about ZEC. barry was probably doing the best marketing for ZEC, but now he posts more about a zcash fork, ZEN, nothing about zcon0. weird!
Was he a gpu miner? Some of us have handled recent news better than others!
might have investments in different mining ops, but he’s more of an investor.
side note - barry’s not ZEC posting, but grayscale’s ZEC investment trust has gained a couple million in the last few days
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one weird thing i’ve noticed: JPY volume has been increasing on kraken. it’s still very small, but it is growing.
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I didn’t check if there are any Dash news, but in case their are not my bet goes to:
-
low Dash price, in percentage if i remember right it has fallen more than Zcash, people might get buy back in the little uptrend we had these days.
-
Wallets. As simple as it sounds i think this is the biggest braker for Zcash at the moment. Whatever you event, produce and do, if you can’t get your Zcash into a Windows wallet after you bought/traded them it’s a very big negative issue. I use Exodus at the moment, but i feel more comfortable if my Zcash holdings would be in a nice, fast Windows Wallet. I admit i can not really handle these Linux wallets and i’am working by now for about 25 years in front of a PC, what’s left for the average Joe Zcash owner.
Seriously. A fenzy good working Windows wallet should by now be priority #1. I understand the intention of developers going with linux, but as long as 90%+ home/working PC are on Windows in just doesn’t make sense to exclude the vast majority from having a desktop windows wallet.
Just compare how it should be: Download Dash Mobile Wallet | Dash
How it is here: https://z.cash/download.html
I might be wrong, but these issues came first into my mind as i personally avoided Zcash and used Dash exactly for that reason, until by accident i found that exodus wallet that has Zcash inside.
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I too was hoping that the arrival of a Marketing Manager would mean that there would be a big push to get the Zcash message out there. It doesn’t seem to have happened and now they are advertising for a Communications Manager who the Marketing Manager is going to manage, sounds like too many managers and not enough doers on that front.
And I agree that we need better ways for users to interact with Zcash, why no windows client? It’s good to see a reference mobile client is on the roadmap. It would be nice to see modern interfaces, I know functionality is key, but can we have both?
I’m looking forward to Sapling and I’m enjoying keeping up with all the great work that’s being done, but there’s always more to do!
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What I can say is that volume would be down due to following. The wallet at VIABTC where I mine is not working so mining payouts are delayed. Ledger wallet as well as Jaxx can’t make withdrawals due to overwinter so these are the ones I use so there might be more. So you can’t trade if you can’t even get your coins out to the exchange
Its gona boost according to my stats probably after the bull run of btc
And when will btc bull unleached?
According to the analysis of yearly trends of the BTC, and some sequences like Fibonacci applied on it, i can suggest around mid of sept.
I am still in the learning phase of the analysis but it looks obvious once you get to see the candles, I’m gonna soon start an analysis thread here hope to see everyone on it I’ll use the BTC/ZEC pair
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for these that are not yet aware:
what is happening? btc got a jump…even btg got a jump, and zec still on the same spot?
BCD is being pumped🤨
https://finmercury.com/2018/07/07/is-zcash-zec-dead/
ZEC Deadpool: 1
Lets hope, that we are not f…d yet.
This article is garbage.
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ZEC
DEC
Look whos back😎 20 char
Edit: BCD still pumped hard…
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20% of volume has been trading on LBank, i’ve never heard of this exchange furthermore the volume looks extremely suspect. Resembles bot trading.
The panda is back this can only mean good things!
\o/ thank goodness horseshoe’s back! rally must be right around the corner!
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Yeah not sure how to interpret the zombie, back from the dead? Or Raccoon City?! Lol
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welcome back brother! Any new info to share?
He was banned till yesterday or two days ago… so thats why we didn’t see him for a long time!
welcome back al nice to see you still kicking …ZEC in the nuts 
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any predictions anybody? Everything is so quiet now. When I found this thread I saw kek’s post with predictions on mid and end of the year. Any opinions how will end this year?
something’s happening with ZEC/JPY pair on kraken. ZEC/JPY volume has jumped by (roughly) $500K in the last few days kek.gg
we’ll kiss $1,300 imo… might hit that before the winter rally.
Then i could kiss somebody/something😁
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This Is The End Guys
we’ve already had this discussion:
corporate equity is not currency.
attempting to compare the two is ridiculous, and shows you didn’t even have the interest to learn the difference after our last conversation.
FYI - lurkers these posts from alvin are actually bullish. we call-it the “panda indicator”.
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Are we at bottom yet?? I remember exactly last year this time when I started mining. Price was at this exact level
hope you’re shorting our market, alvin!
that is some top-notch technical analysis right there lol …please post a screenshot of your short position. will make this much-more enjoyable!
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NO screen shots AL888, lets keep you around for longer than 48 hours… lol
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I see some positive movement, small but green…
I don’t know why you’re flagging all of his posts. They are on-topic and don’t appear to be against the rules.
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how is: “and you will be full of shit” on topic?
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I think part of debating and speculating is telling other people they are wrong
No, usually it’s left up to a group audience to decide the outcome, Debaters can only make their cases regardless of how they decide to conduct themselves
Making a case that what I’m saying is right is generally also making a case that what you are saying is wrong.
What do you mean group audience? Since when does speculating on the price of some currency require an audience to determine who was right? Observation will tell if one was right or wrong. No other parties required.
ZEC @ 777 in october
I wish, but probably not
I honestly don’t see any reason to believe Sapling will have any sustained, positive impact to ZEC price at this time. Public interest in cryptocurrencies has largely collapsed and pace of adoption by meaningful, headline-worthy commercial players is equally anemic. I think it’s a legitimate fear that the only folks that are really going to sit up and take notice of ZEC’s leaps forward this year (assuming all proceeds according to plan) are those already convinced of its usefulness and virtues.
I do think that ZEC continues to be a leader in the privacy sphere as it relates to electronic money systems, and that the work conducted on this network will yield knowledge and insights that have future ramifications; but I am less convinced now than I was a year ago that the network’s token will be a significant co-beneficiary.
Maybe those that opined that ASICs would drive the value of ZEC higher will be proven right in the end, but though we’re still in the beginning stages of adoption and distribution, this too has failed to yield a measurable increase in valuation heretofore following two model releases and announcement of an impending third.
These pessimistic prognostications are partly posted in the hope that there are convincing arguments out there to believe otherwise. I certainly look forward to reading any replies.
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Don’t give up, have some faith in the fibonacci!
In my technical analysis I can see the top part and medium part of the candle:
Jokes aside, the real users of zcash havn’t been born yet. So if not 777 in october 2018, it’ll be october 2032.
patience is key
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No worry guys, ZEC have strong support at $140, current price same as this time last year 
If the red candle break the support, we may see ZEC @ $70 or $37 
In a bear market like this after a big crash, network upgrades and other positive news will be dwarfed by the overall decrease in trading volume. All coins seem to be tied to the daily movements of BTC, which is unfortunate but seems to be the reality for the foreseeable future.
That said, the upside is that you can buy zec super cheap right now. The next recovery will be impressive just as they have been in the past. In my long-term view, cryptocurrencies are going to follow an S curve of adoption (like the adoption of television); these are just psychological price movements within that larger S curve.
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And with a lower price, the mining competition will be less (per ZEC)
I ordered a couple more Z9s.
Since everything I have is ROIed (save the mini) it should be a good time to chant hodl and wait for the next round of cryptomania
I TOLD U since ZEC $ 500
THIS IS THE END !
whats next ?
GAME OVER !
I have a hard time seeing that. Bitcoin has gone through this cycle multiple times. Global currencies and commodities go through these cycles. It may be a year or three but I do see it coming back.
I think the real battle is the ZEC/BTC pairing not the toilet paper USD
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BTG pump incoming!
This has been painful to watch this crap…especially with our pet panda heckler insulting it more.
I am sensing large forces behind this drain of value…just a hunch, but it makes me feel like it’s a consolidation of value from the many to the few. Dunno…hodl…I also sense a decent friday tomorrow. We’ll see.
definitely think its interesting since Gemini launch its pretty much been a bear party
Bitcoin has massive fungibility issues, huge developer centralization/governance issues and easily fixable on-chain scaling issues that they refuse to even acknowledge. Eventually Bitcoin Cash or another alt will overtake Bitcoin once the market share has decreased to a certain level and most people know about better altcoins. I don’t buy the store of value argument. Storage is useless if you can’t move it when you want to.
I’ll give some old advice even though some of you might not take it: if you’re holding, do nothing or accumulate slowly each month. Trading is a coin flip. If you do it enough you will eventually lose. Purchases at a low price over the long term, when things are really boring, is the best strategy out there.
Last: if you’re feeling bad because of the current price, you might just need to unplug or take a vacation.
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Some unexpected car repairs are needed and this bear market has been brutal need to sell some of the stack 
I’ve legit been depressed for 2 days
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Today is nice green and performing better than others
I said I was feeling green for today…
If Zcash got onto Coinbase, I’d be over the moon
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The problem is the price only goes up temporarily.
Hope zec gets listed and everything goes smooth, then the rockets will fly😁
186 on krapen.com rn
20c
what happend there???
History keeps showing us that it will be another pump and dump. Let’s see how much longer it will hold.
coinbase blog post brought traction to all those coins so 100% coinbase annoucement.
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The good news is people don’t know when it might be listed so it may go higher over the next few weeks.
quick dirty analysis - shouldn’t need to tell anybody coinbase addition is great news, since it’s obviously fantastic news!
imagine coinbase trading will be in full swing by the time sappling is deployed; sappling is a “pumpable event”. one day i’m going to research what makes traders sell at the worst time possible. imo, next couple months; should only sell ZEC for emergencies!
thinking … going to try and be more professional up in this piece! instead of “pumpable event”, going to start using “catalyst moment”.
side note - might have caught a pattern on the charts that might indicate an announcement. don’t want to post anything until the pattern gets confirmed for a 3rd time. if i see this specific “announcement pattern” forming again, i’ll post it publicly!
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Yup - but you should give @phakov a cookie 'cos he called the last one a day early
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Zookos hype-less, ultratransparent, bust-ass business model is now becoming the bar
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Nice pump, hope it continues smoothly up and up…
Hope so.
The Coinbase news certainly helped & as Gemini have already done it I’d be surprised if it didn’t go ahead, which will give another boost.
Then there’s Sapling (obviously), plus the various wallets are sorting themselves out after Overwinter. Post-Sapling we could start seeing truly private mobile wallets, which will be another big thing.
Lots to look forward to IMHO.
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Yea, just about oversold I’d say
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imo, if blackrock’s making public statements - they’re already in. they’re signaling to other firms!
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Mhm we passed Dash😀 20ch
305 vs 280
All the bad mouth talking against Cryptho, says it all, they are all going full in and In my opinion they are allready taking their positions. Still a good time to buy, cheap while it lasts.
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Peeps will miss their chance to get in…the real opportunity happened last week when ZEC was 148, but there is still time.
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The FOMO is real???
Lets hope so ^^ hehehe
It’s a good thing Al showed up. It looks like it never fails.
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can we just rename him to “The Profit Panda” or something along those lines?
Btc rises zec falls…
ZEC under maintenance on bittrex all day… LAME!
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on my end it shows ZEC:
+10.55%/24h
price: $207.84140
it’s everything else, but not falling, lol.
The screenshot was of a couple of hours ago. Still can’t exchange ZEC tho…
257 usd -14% from coinlib
what happened? Everything jumped so fast
I thought that… Market manipulation??
208 on krapen right now…holy mother…btc at 7318…wow…Doge at 3149!
lol Please dont say that i’m gonna order a z9 next month xD
This is just my humble opinion but I believe that institutional investors see cryptocurrencies with huge potential right now for a few reasons.
First, the bubble just popped and if you’re going to get involved you want to buy as low as possible, right now being the perfect time. Second, the main markets are long overdue for a pull back after several years of impressive, unsustainable growth. Third, banks and institutions are in the phase of acceptance and adaptation to the explosive growth that crypto had in 2017. Looking at the history of things, it’s clear that this show isn’t over. All cryptos are seeming to go up and down together and have been for a while now.
I’ll just leave this here. Pay close attentions to ~2001 and ~2007/8.
A closer view:
The dips here are when times are good and investors are just as optimistic about two-years from now as ten years from now. We’re almost at zero difference between 10-year minus 2-year t-bonds. The economy is strong so it makes sense. But that can’t last forever.
Hedge away, institutions. 
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This sounds like the reason they may be listing the new coins, possible broker status but not yet I guess
I wouldn’t argue that the other three are securities but I wonder if that’s just because I’m biased…
But what if crypto goes into the hands of investors and only investors, wouldnt that be another form of manipulation ? just a humble debate :3
Seems quiet…20char
To the moon? 
Moon seems to be far…
it’s Friday bloodletting…
Kraken 193usd
Coinlib 313usd
Investing.com 242usd
So big difference
What is supporting that value?
Coinlib’ s $313 ZEC price apparently comes from HitBTC, but when you look at HitBTC directly they’re almost the same as Kraken.
Something broken at Coinlib I guess…
Coinlib USD price is 313 but if you change prices to USDT it shows the correct value
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I’m 99% sure we’ve have already hit the bottom
And now digging it
This seems interesting. ZEC219$ on Bittrex…BTC passed psychological barrier of 8000$. All we have to do now is wait for approval of BTC ETF and we are ready to launch.
FOMO is building up. Remember to take profits at the end of the year!
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Zcash volume has passed DASH volume. How long until ZEC passes it in price too?
If it happens it’ll be Thursday then an adjustment across the board on Friday BUT all coins up minimum 6% from previous average of 7 days ago
Baloney-ex
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was just looking at the charts, and realized something… zcash has never pumped independent of bitcoin. we’ve had a run-or-two, but never an independent pump. every legitimate alt network pumps independent of bitcoin at least one time. people buying ZEC now, are in for a real nice ride, imo.
I’d say that the longer it takes the better, but for obvious reasons I feel that the independent pump will come in Q3 (:
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ZEC @220 r/n on Krapen - I will like to see ZEC hold 200+ going thru Friday and into the weekend. It needs to maintain that psychological boundary.
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Little deviation from the norm: Can we talk about how Zerocoin Electric Coin Company has this classic American business staple name? Ie GE, GM, etc.
TOP 20 FIGHT
20 chars
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I had this conversation with my girlfriend this morning and now i’m 99% sure i’m alone on this one.
I’ve been talking about the ZEC/ETH market and how its what to watch out for. Look at this volume! The ZEC/ETH on POLO has been in consolidation for 71 weeks. What a perfect place to stealthy build a position.
Whats in a name? 20 characters
everything when it comes to the layman
I think those people just call it Zcash Company
I think that’s what I call it too even though I know better, besides the time is finite who cares what their name is, Zookos Elfin Christmas Coin Co. (Christmas picture idea!)
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@aeonglacial I posted about the ZEC/ETH bottom on Tradingview a few days ago. We still need to break above 0.55 with good volume to confirm the bottom, but it looks incredibly promising.
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Great analysis! I never usually factor mining into my trading - that’s food for thought
ZEC should be top 10 by the end of the year.
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Any speculation on how much drop will zec experience this weekend and what is the safe zone?
There is a lot of support at $200 if it won’t hold $220. Coinbase should be adding it, but nobody knows when so it keeps the upside pressure on. It should go to $350+ once it is on Coinbase, so if people sell they might not get it back in time. Bitcoin had a unfavorable ETF ruling today and prices are still holding well.
More to that ETF story
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Will these levels be held till November? Starting to lose my faith
Its long time till november, nobody knows what the levels will be😀
nice little shake-out! hang tight
…dash ($218) is so close, about to get passed by ($206) ZEC
november - ZEC $700 range ; ) imo
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I need some wise words to settle my wild crypto moods buddy old pal
This year has been bear party so far, but i hope to see some good news and pumps afterwards, but not before autumn i think…
Nvidia is speculated to release new Geforce GTX 1180 between 1.6-1.8GHz and new 16GB GDDR6 we will see on august 20.
People are still too optimistic about the price imo. The daily trading volume for ZEC is about 1/50th of the combined daily trading volume of BTC and ETH. Any significant declines in BTC/ETH will temporarily drag ZEC down with it. Personally, I believe BTC will end the year below $5k and won’t recover to new highs until after the next halving.
That being said, there has been some positive movement in the ZEC/ETH trading pair and the BTC/ETH trading pair looks like it could soon find a bottom. In time these two trading pairs will have more influence on the price of ZEC than anything else, and when you start to see upward movement in those ratios the USD price will follow.
There will be short periods of intense demand for ZEC when announcements are made, so I wouldn’t be surprised to see us jump up to $400 in one quick move. However, the I suspect the price of ZEC will slowly bleed out with the rest of the market and stay rangebound for an extended period of time.
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That’s the most pessimistic prediction I have read. That is a Nasdaq style analogue prediction. You are predicting a sell off during the typically biggest spike of the year…December. Even though there wasn’t a Consensus bounce right after it still happened in the summer, and there was a bounce around US tax time. I predict Bitcoin at $12k minimum in December, maximum could be up to $25k. We will see who is more correct.
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A BTC price of $5k or below would mean that all mining, without expection wouldn’t be profitable, neither to gpu’s, nor to asics or anything else. With the mass hardware we have by now on all algos, it would mean that every private miner will just get broke and bankrupt, making things even worse in my opinion. So i hope your prediction is far from what will happen.
Pessemistic would be calling for $1-2k BTC. Below $5k is completely realistic given that we were at $5800 one month ago.
Given that the two previous major bull cycles both followed a halving event, it would be reasonable to assume that history will repeat itself and we won’t reach a new ATH until after the next halving in 2020. Here’s a chart that illustrates what I’m talking about:
While there’s no guarantee that a new high will be reached after 2020, the coin emission rate will definitely be cut in half. Supply should become constrained enough that new demand will exceed available supply and a new bull cycle will start.
I hope you’re right!
Not necessarily. I had access to free power a few years ago and was mining at what would have been a loss if I had to pay full price for electricity. I expect there’s a healthy percentage of miners with little or no variable cost to mining, so they will keep mining no matter what because their hardware is already paid for.
The miners that do pay for electricity will either need to shut down or keep mining at a loss for speculation. Miners won’t necessarily go bankrupt, unless they took out large amounts of debt to purchase hardware. Plenty of mining rigs that were shut down in 2013/2014 had a great opportunity to start up again a few years later when Ethereum launched.
I hope so too. I hope @JKDC is right and we see $25k BTC in December. But I’ve been around the block a few times and in my opinion it’s better to be completely realistic about your expectations, lest you become disappointed and lose interest in cryptocurrency. The people who can stomach multi-year bear markets are the ones who will enjoy 20x returns.
Free Power? Never heared about FREE power, seriously. I’am aware of solar energy, water energy, wind energy, energy someone else pays and just stollen energy, but all these are not FREE. Either someone else pays for energy or someone must invest in solar/hydro/wind energy, but that’s not free either.
Okay, bad wording. Electricity was included in my rent and my apartment building was un-metered so they didn’t monitor each tenant’s power consumption.
oh, ok, no problem, just wondered about that FREE power, lol.
However, even if that’s the case for you and some cards/rigs it won’t apply for many miners. My guess is that less than <1% have such access to unmetered/uncontrolled energy. And even if it’s a higher percentage it’s just must be for smaller mining operations. I just doubt if you use some 50kw/h it would stay for long unmetered, lol.
Back to topic, seriously. BTC below $5,000 would be a huge miner problem for sure.
we’re defending important levels, and volume is good. dash is so close, it’s painful … soon
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Haha yes it was years ago and it’s certainly not the case now. I have a much larger operation now and I wouldn’t be able to power everything in an apartment.
I agree, but a year of BTC below $5k would be sufficient to separate true holders from the day trading crowd. And on the bright side, such a prolonged bear market could completely wipe out most of the sh*tcoins out there, which are a cancer to the industry in my opinion.
As far as miners go, I think we’re all going to feel the pain in the next year and only the strong will survive. However, I’m still optimistic about the ZEC price, as it’s been performing really well lately.
I can’t see it below $5k with all the investment occurring in the crypto sector. The charts assume everything will proceed at the same pace. They can’t predict change. I believe it will be much closer to $12k than $25k though. $25k is if BTC ETF gets approved. Some people are predicting $50-$60k, but the price would need to go parabolic and I don’t think it will go like that again.
I did see another prediction like yours, but it was based on the idea that the whales would drive it down to $5k one last time and then we would have a multi-year bull run.
Some interesting read in my opinion:
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Huh…Kraken just died… must mean somethings happening…
On the price of concurrency, I present an excerpt from Predictably Irrational by Dan Ariely:
"Why the Price of Pearls—and Everything Else—
Is Up in the Air
At the onset of World War II, an Italian diamond dealer,
James Assael, fled Europe for Cuba. There, he found a
new livelihood: the American army needed waterproof
watches, and Assael, through his contacts in Switzerland,
was able to fill the demand.
When the war ended, Assael’s deal with the U.S. government
dried up, and he was left with thousands of Swiss
watches. The Japanese needed watches, of course. But they
didn’t have any money. They did have pearls, though—many
thousands of them. Before long, Assael had taught his son
how to barter Swiss watches for Japanese pearls. The business
blossomed, and shortly thereafter, the son, Salvador Assael,
became known as the “pearl king.”
The pearl king had moored his yacht at Saint-Tropez one
day in 1973, when a dashing young Frenchman, Jean-Claude
Brouillet, came aboard from an adjacent yacht. Brouillet
had just sold his air-freight business and with the proceeds
had purchased an atoll in French Polynesia—a bluelagooned
paradise for himself and his young Tahitian wife.
Brouillet explained that its turquoise waters abounded with
black-lipped oysters, Finctada mar gar iti fera. And from the
black lips of those oysters came something of note: black
pearls.
At the time there was no market for Tahitian black pearls,
and little demand. But Brouillet persuaded Assael to go into
business with him. Together they would harvest black pearls
and sell them to the world. At first, Assael’s marketing efforts
failed. The pearls were gunmetal gray, about the size of musket
balls, and he returned to Polynesia without having made a
single sale. Assael could have dropped the black pearls altogether
or sold them at a low price to a discount store. He
could have tried to push them to consumers by bundling them
together with a few white pearls. But instead Assael waited a
year, until the operation had produced some better specimens,
and then brought them to an old friend, Harry Winston,
the legendary gemstone dealer. Winston agreed to put
them in the window of his store on Fifth Avenue, with an outrageously
high price tag attached. Assael, meanwhile, commissioned
a full-page advertisement that ran in the glossiest
of magazines. There, a string of Tahitian black pearls glowed,
set among a spray of diamonds, rubies, and emeralds.
The pearls, which had shortly before been the private
business of a cluster of black-lipped oysters, hanging on a
rope in the Polynesian sea, were soon parading through Manhattan
on the arched necks of the city’s most prosperous divas.
Assael had taken something of dubious worth and made
it fabulously fine. Or, as Mark Twain once noted about Tom
Sawyer, “Tom had discovered a great law of human action,
namely, that in order to make a man covet a thing, it is only
necessary to make the thing difficult to attain.” "
source? …20chars
I was logged in…it died…stayed dead for a while…but its back now & apparently nothing happened.
…I really do need to find something better to do with my time.
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damn, never was so quick on an exchange, don’t do that again mate, lol
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Wow, this week is really ending in a bloodbath. Looks like there isn’t much support below either… Test of $150 incoming?
This always happens come time the electric bill is due.
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Not looking good right now, ZEC just broke below $175. What’s even more concerning are the ratios. ZEC/ETH failed to break above 0.50 and is in danger of falling to new lows. ZEC/BTC is also at risk of breaking down and testing the December lows around the 0.02 level. If both of these ratios continue to head lower then we might be in for a test of $150, and if that breaks we could be in for a lot more pain.
With that being said, I’ve noticed some interesting points about the ZEC/USD order book on Gemini. Right now the bid ask spread is $174.17 – $174.95, but on the buy side there are orders for approximately 400 ZEC at $173, which is just below market price. On the sell side, there are sparse orders just above the market price, but in order to buy more than 14 ZEC you need to bid all the way up to $186 where there are approximately 400 ZEC for sale. This tells me that the market maker knows there is very limited liquidity on the sell side if the price suddenly reverses to the upside.
Update: When BTC dropped $100 an hour ago the sell side liquidity on the ZEC/USD pair came down to the market price.
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ZEC was just at 147 a few weeks ago Low price and all-time-high difficulty makes it hard to watch.
You have to look at the weekly charts, MACD completely oversold in all ZEC markets. Bull party is only in pregame mode.
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Zcash gets a mention
“The blockchain actually gives us a lot of tools to be able to identify people. I actually want them to keep using them [cryptocurrencies].’’
Hopefully this doesn’t come as a surprise to you
Bleeding again 20char
Looks pretty good though. I see the moon in 2020
Everything is on sale!
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Looks like we could see new lows this month or next, but it all depends on BTC at this point. Should BTC break below $5700 then I can almost guarantee ZEC will see $140’s. My honest expectation is $120-130 ZEC by the end of the summer. A dip below $100 is unlikely, but not impossible should the selling continue. I’ve seen some target prices for ETH around $127 USD and should that materialize then we could definitely see sub $100 ZEC. Not very encouraging, but probably accurate.
On the bright side, ZEC has shown signs of strength despite the general cryptocurrency market. We were generally looking good until the broader market went into free fall mode, so I expect that when the market finally stabilizes then ZEC should be a significant outperformer. I still hold several hundred ZEC, so these drops are painful, but as @phakov said you should look at it as ZEC being on sale and plan to accumulate slowly over years and not months.
In 2021 ZEC will make new highs, but it could go as low as $60-80 in the mean time, so make your long-term plans accordingly.
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Rarely do I pull out my crystal ball, but I’m going to go out on a limb here. The following is for entertainment purposes only.
The current Zcash price is $165 timestamped 8/8/18 2pm.
When things look the worst, smart investors with working capital see an opportunity to buy. Further, I expect Coinbase will be adding Zcash at some point this year (I have no insider information other than the interest they have posted themselves).
These two things combined make me think that Zcash will be back around $180-190 by the weekend. Above 200 after that, and above $300 within the next two months. I expect the last 4 months of 2018 to be mixed up and downs, ending 2x-2.5x higher than the current price. That momentum will start the next pump which will see Zcash at 4x the last previous high. It might touch $3,000 - $3500 in mid 2019.
Institutions are getting involved and they will all look good to their shareholders if they got in on a moment like this. The current situation is a classic bear trap. Weak hands will sell and then a year from now that selling will be a painful memory, especially because the main market is way overdue for a crash and crypto is seen as a hedge against the larger market. That will influence the gains in 2019.
throws crystal ball in the corner
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october’s when the magick habbins, imo
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Why october? If this trend continues, i dont see any magic…
sappling mainnet, and coinbase addition will coincide with normal bullishness. also SEC (imo) will approve the BTC ETF on sept. 20.
going to repost this, not a humblebrag, but october is a good month for ZEC Price Speculation - #210 by kek
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also, really like seeing our volume stick around like it has. maintained +100 million; exactly where our volume should be. good times!
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Wax for your crystal ball
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…picks up crystal ball, polishes it a little & changes the battery.
Seems we’re firmly stapled to 0.025 BTC for the moment, I think we’ll stay there for a while & then a slow rise to 0.035 BTC by the end of August.
…turns off crystal ball to save the battery, then puts it back in the corner for the next speculator.
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Just want to say that I think all crypto is tied to the BTC price right now and I expect BTC to make similar movements to my above prediction.
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hopeful about etf in september, let’s see
Dont ever get out of the boat
Market lost another 20Billion but good news…
https://ambcrypto.com/zcash-zec-announces-its-weekly-update-zcashd-2-0-0-will-be-released-soon/
Really losing hope here, but it looks like we’re headed below $150. Hope I’m wrong…
So far this year is f…d, up and down but steady sinking…it needs to change soon…
Low price promotes distribution, re-creating the middle class
It’ll be alright! : )
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Now is the time for accumulation. Winter will be the time for expansion. Wash, rinse, and repeat.
5 dollars away from Dash!
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Seems market is heading ATL, what is going on?
The market is consolidating, let’s enjoy the party.
146usd seems market is dead😂
dash only a few bucks away:
$148 ZEC
$151 Dash
Don’t despair guys and gals, trading in the financial markets can be the most vexing experience. The key to success is to have long-term goals and to stick by them during market fluctuations.
Remember to think in terms of years and not months. If it happens to take years before ZEC beaches $700 again, and we see sub $100 prices in 2019, then you should plan to accumulate in stages over the coming year. Scale in at $120, $100, $80, $60, $40… It’s unlikely that ZEC will ever drop below $30, but if it does and you don’t buy will you be kicking yourself years from now?
Stay positive and think about the future.
30 bucks…let’s hope not…such talk is heretical!
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~$30 is basically ZEC’s all-time low, which is why I even mention it. We only saw sub $30 for a handful of days in Feb '17, and I originally called for $30 ZEC on Nov 14th '16:
There would need to be a complete bloodbath in cryptocurrency markets for ZEC to see $30 again. This would probably be accompanied by the total destruction of mining profits and the collapse of 99% of altcoins, which is certainly not impossible. If this were to occur, ZEC would not be immune and $30 is a natural target.
I want to see some action in 4 quarter and 2019 summer i hope we see some more gain, cant mine forever not selling. But this price right now is not for sell, even 400 is low, but who knows maybe later im happy to get 30$🤣
Don’t get me wrong, $30 is my bearish outlook for ZEC’s potential multi-year double bottom in the event that cryptocurrency markets continue downward into a secular bear market. Since attending Zcon0 this summer I’ve become a significant holder of ZEC and I intend to hold through any dips to $30. I would buy as much as I could afford to at that price.
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Why does the market hate good news so much?
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Markets can remain irrational longer than you can remain solvent.
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Wait’s on hold with tech support about faulty crystal ball*
It looks like my earlier numbers will be delayed a few more days, but I do expect an increase to this level and beyond.
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It looks like we passed Dash although I can’t say I am happy with the reason why. If it weren’t for the probable upcoming Coinbase listing ZEC might be about $100. ETC didn’t get much of a pump from it’s listing, so ZEC may not even reach $200 when it is listed.
woooooooooo
ZEC $147
dash $146
\o/
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Very tempted to trade BTC for ZEC at these levels… so tempted…
…goes back to listening to music-on-hold for crystal ball tech support, apparently there’s a queue…
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In the short term probably a good idea, but BTC should go bullish again by mid-September. Hopefully it will go bullish ahead of the ETF announcement then ZEC will get listed at about the same time.
One day we’ll look back on this as the exciting times, tie on your lifeline!
I remember 5 maybe more month ago I taking BTC going to 5000$ one person wrote that to be ridiculous.
I have a funny feeling Als is even surprised at this…
I’m thinking we will bottom out at $120 in the next 12 hours. The price should start to rise after that. BTC will most likely hit $5700 during that time. That will cause a rebound to about $6200 for BTC and $170 for ZEC.
I have read two predictions from people who have been mostly correct in the past that said we will flash crash to about $5000 then take off from there. I guess this is the capitulation phase now.
The support $140 broken, we may see at $90
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Did someone already mention again the word Hodl?
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was trying to ignore cryptocurrency until october, but our dump is nasty enough for me to come enjoy the popcorn. imo, @JDKC has the right idea. need a nasty blood-dip before true recovery can begin. looks like we had an okay bounce in $118 area, so i’m not expecting sub-$100
only bummer’s dash is beating us in the exchange rate department. side note - volume is still hanging in the acceptable $100million range.
And after huge bloodletting, there should be hysteric FOMO.
It’s circling the bowl again…goodness!
I didn’t expect to see ZEC this low again - still firmly believe in the long run we will be in a good spot.
I dont tell my wife any news on crypto anymore! She keeps on saying “you should have sold”
HELP!!!
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once you buy her, her second lake front property along with a pink Hello Kitty Mercedes convertible, she’ll be saying “Thank you honey bunny”
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I’d advise you don’t buy her anything but time - time free from working as an employee, time free to do whatever makes her heart sing
My gf told me on December 22 - you know, that Thursday right before Christmas - to sell all of it…I didn’t listen…we’d have made bank…I’m not telling her about all this recent bloodletting…she’d not be happy. At this point it’s HODL and wait it out.
The only clear sky I can see in this immediate decline is that it may bleed out a lot of the shitcoins and kill them off since they are a useless distraction. That “could” free up money for the better Alts like ZEC. Dunno…time to wait it out.
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Cojones man! Where are your Cojones?!
jokes aside, I get what your are saying and for sure time is the most precious thing you can give.
I’m pretty sure @aeonglacial was over exaggerating his future reality
your not alone brother!
We will be here supporting each other from the blood bath to the moon!
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My GF was at least 75% correct on when to sell. She had literally zero knowledge or interest in the subject of crypto, mining etc, but she was always right about one thing : Hmmm I think you should sell some
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taking profits is an art given how rare people tend to…
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its hard for me to trade assets i’m emotionally attached to. ZEC being one of this coins for me. even at 899 i didnt take profits(much too low IMO)
I have however made the majority of my BTC trading XRP(because a monkey could trade that) and have no problem taking profits. actually that’s all you can do with that.
I listened most of the time. I had a planned to sell 50% of my mining every month at regular intervals. I sold additional amount when prices were attractive.
From a miners stand point, only sell to cover monthly expenses. Summer is always the worst time for cryptos. Winter will yield great rewards.
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All the college students have to pay tuition instead of using student loans for crypto. 
If I bought bitcoin instead of a college education I would be worth about 115.2 million dollars more than I am.
Granted I first learned about bitcoin in fall 2010 from a guy in a computer group I was in. He was mining with our hardware overnight when people weren’t using the linux machines. I thought the whole thing was silly.
If only man. If only.
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I mined briefly in 2010, but only had Nvidia cards so it didn’t make anything and I quit. I feel your pain.
What do you all make of this?
Diara would be the one to ask, but looks like some good stuff!
From github
BOLT is a system for conducting privacy-preserving off-chain payments between pairs of individual parties. BOLT is designed to provide a Layer 2 payment protocol for privacy-preserving cryptocurrencies such as Zcash, by allowing individuals to establish and use payment channels for instantaneous payments that do not require an on-chain transaction.
He gave a presentation of BOLT at Zcon0 which is here: Diving Into Bolt; A Privacy-Preserving Layer Two Approach - YouTube
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nice to see everything ripping-n-skipping this AM …looking at you zcash +1%, really? lol
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You think we’ll have a run up like last year?
i do, 2018 correction, and summer slump was predicted, and ZEC pretty much hit price targets (thought ZEC did have a small chance to avoid summer slump, but that didn’t happen). due to the fact our market cycles are much faster than traditional markets, i do think we’ll recover nicely this year. thinking ZEC could hit $1,100. important to remember; we still haven’t pumped independent of BTC!!
one idea that keeps popping in my head: thinking we pump OCT/NOV, and dump hard in DEC …recovering late JAN 2019
also, have a feeling BTC ETF gets approval on sept. 20, mostly because SEC doesn’t want to look clownish, and everybody expects them to postpone.
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Nice thoughts, over 1000$ this year i want to see😎
I keep seeing a lot of exchanges popping up especially with NYSE, etc…like it’s all planned for Fourth quarter volume. Maybe they’re all getting primed for something big, maybe double or triple from last year?
This is really a no$h1tter, but it underscores the need for ZCash to get their upgrades in place to facilitate “lightweight,” shielded transactions. My opinion is that BTC has never really been efficient as a payment mechanism. It’s way too inefficient - too much time, too many fees…bla bla.
This is what makes ZCash different. Should what they plan work, folks can make shielded transactions off their mobile phone, and do so reliably and efficiently. Though, I would never waste my Precious on coffee, especially Starbucks.
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I’m surprised that Coinbase isn’t promoting the Shift card as vehicle to use Bitcoin for everyday purchases. My IT supplier laughed after I bought extended support for my network switch with Bitcoin. My supplier is a local company that only takes cash and plastic.
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For some reason traders think ZEC has to be priced lower than DASH, which is ridiculous considering circulation and technology.
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Too many people have been brainwashed into believing that cryptos are a “scam”…“ponzi scheme”…“based on nothing”. They’ve been lead down this path to their detriment. IMO it’s been a concerted effort by the Anti-Crypto crowd to brainwash the masses into believe another myth (and they believe in many!).
That people don’t take crypto for payment is strange, but I do understand when there are cases of informed folks who dont take it for the obvious reasons it’s still unsuited for use as money in commerce in many cases. That it’s too hard to turn it into fiat easily (if it is necessary for the user) and transactions take too long to verify and are costly are reasons why not to use it. I can see for those reasons people may want to still not take it. Compounding that is the TERRIBLY unstable value of the crypto space. That, in itself, is the most damning thing about it.
However, most ignorant “Joe Sixpacks” out there dismiss it out of hand as some scam since they’ve been conned. It’s possible that the very ones pulling off this mass brainwash operation are the same ones who are manipulating the dogcrap out of the crypto markets in order to fleece the poorly informed or impatient “crypto speculators too”…dunno…places foil hat on desk
It’s described as a zero knowledge proof from what I can tell, story points out as well
"Decentralized identity could also exacerbate the very privacy issues it tries to solve. If a user relies in a single identifier, as some identity systems have proposed, that ID could become a kind of “supercookie,”
So refresh often with these kinds of things
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The potential value of cryptocurrency exemplified once again.
BYOB
noticing a drop in volume. roughly down $25million… at this point, could mean anything, but in the past we’ve experienced unexpected drops in volume before an announcement. have a hypothesis insiders stop trading, so there’s no accusations of “insider trading”.
as-i-said before, at this point could mean nothing, but i did say i’d say something if i saw the “announcement pattern” forming.
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Hope your are right.
Did you see there is a kekcoin
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There’s a ‘kek-cak’ algo as well… we just might be in the presence of royalty
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I’m not a fan of the so called “royals” but i like where you heading with this
Some reading
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Kek should get a workplace at Zcash marketing department!
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Just got the e-mail from coinbase that I can now use ETC Ethereum Classic.
The whole market is massively manipulated…
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ZEC really underperforming lately, especially vs. BTC. Miners dumping their mined coins for BTC?
Manipulated obviously. It was pumped supposedly for the ETF announcement. It didn’t happen so it was dumped. Then we get the Bakkt announcement which is potentially better than a ETF and get no bounce from it. Unless traders are really this stupid, which I doubt. They are making more money doing what they are doing is why they do it. They are basically playing follow the leader whenever a whale is buying or selling like in the stock market where you ride the waves of the institutions moves. Traders don’t seem to care what coin they are trading nor the technology behind it. They clamor to get on exchanges, but that is only so they can sell their bags at a temporary high.
So it may not be actual manipulation per se although there are p&d groups that try to pump the market so once others buy in the original group sells. That is what I have learned over the past 8 months in crypto. I think most of these people want institutions to come in so they can dump on them as well and institutions are afraid to enter because of it. Whether we will get passed this and have actual long term investing in worthwhile projects is up in the air at this point. I hope Zcash, which seems like a serious institutionally oriented crypto, can help break through this cycle with its’ solid privacy and soon, with BOLT, scaling features.
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Not surprisingly,Asic miners dump zec easily,for they can get one zec below 4usd
Share souce.
Since I’ve bought ASIC I have never cashed out.
Power efficiency is so high that 2 weeks of mining is worth the eletricity all year round.
HODL to the moon!
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one day i’m going to write a long effortpoast on the insane shenanigans that takes place with ZEC/USD pair. lol
I have to stop watching the market, everything is in clinical death…
was trying to ignore the markets myself, but, the dentacoin thing was kinda funny to me. pretty-sure it’s safe to say the market’s still wildly irrational.
who would ravage our markets for months? imo, it’s a mix of market makers from new exchanges, and emotional contagion spread by BTC weakness against USD.
USD DXY | U.S. Dollar Index (DXY) Advanced Charts | MarketWatch has been strong this year, so that does add to the mix. i do believe USD will eventually cool-off this year, tho. trump admin does not want a strong dollar hindering US exports.
Tariffs will save the day, stocks will fall and crypto markets will rise! I’d say from 200M to 1T in less than a month (total marketcap).
If not november, february. If not february then may 2020.
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R*****d? Because that’s the only word that comes to mind when thinking about crypto markets this year.
[Moderator edit by @daira: please don’t use that word.]
Everything is correlated and sh*tcoins trade in lockstep with legitimate projects. At the best of times it can be frustrating and at the worst of times make you feel like pulling your hair out.
Holders of ZEC have never been rewarded since Genesis. Perhaps the initial crash from the artificial highs created by the “slow start” mining period had long-term effects on market psychology and the perception of ZEC. It’s been a losing prospect vs. BTC ever since the first week and so far shows no sign of reversing that trend.
Fundamentally, I’m one of the biggest believers in Zcash, but the current market doesn’t give a damn about fundamentals. I think anyone who expects a quick turnaround is headed for disappointment. When BTC breaks below $5000, it’ll drag ZEC below $100. Do I think this is justified? No, but it’ll happen regardless of fundamentals because there are very few investors in the current market, only a glut of day traders who care more about price action and technical analysis
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that is the most frustrating thing.
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I don’t think sapling is a pumpable event
i also think we’re headed towards $40.
That being said, i started working 7 days a week with two jobs again in preparation for this big bottom. I plan on gobbling ZEC like a pacman
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- would be willing to wager on sappling/october pump.
- would take catastrophic failure to see $40 ZEC
gunna repost this …we’ve been here before, except at much crappier levels. only advice i can offer: hang-tight, and don’t lose your vision!
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yeah 40 is a real possibility. just some simple math puts us at 184 million market cap if that happens(today). Which would align with most start ups. ZEC is an INSANELY COOL project and i’m 10000000% on board but the truth is out there. There is no adoption, its highly experimental, inflation, and its core functionality is not utilized, and most importantly the forthcoming Tether scandal that will make Mt Gox look like kindergarten. The entire cryptosphere is overpriced/distorted. 7 months ago, bitconnect was in the top 10 coins!
Prepare for more pain. Until a industry wide advancement takes place, everything will be tethered to BTC. Im talking like unicorn event - Zcash would need to solve the scalability problem, have like 500 million transactions per second (im clearly kidding but you know what im saying)
We have never closed below that black support line until a couple of days ago. Its been the ultimate launch pad, but it appears its broken. Not good news man.
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your black line doesn’t mean anything to me or the market. here’s what you need to look for… we’re in trouble if we cannot hold $127.00, but sub $100 is unlikely, imo.
side note - has anybody else done charting based-off market cap, and not exchange rate?
on mobile device, so this is ugly
this is what matters
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I hope @kek you are right, if we fall below 100$ then its f…d
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CORRECTION: ETF i think has best chance of success is CBOE’s ETF. that approval will happen september 30, not 20th… weird how sept 30th is on a sunday.
…edited this out, because cringe level was too high, and i told myself i wouldn’t be like that on the forum.
Ideas dont need to be a penis measuring contest.
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the fact this decision is happening on a sunday makes me even more bullish on CBOE’s ETF approval. october, october, october. all right, have a good one!!
; ) you’re smart, and in the right place. after a couple ZEC bull cycles; you’ll be saying the same cringy stuff to people one day <3
Some of my reasoning behind my Tether comments, can’t recall if this was posted or discussed here sorry if i’m reinventing the wheel.
I take all information with a grain of salt(im a data scientist by trade) - even from my mom - so definitely don’t read this as fact but there are a ton of compelling arguments and this is just great journalism IMO.
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Mmm… that humble pie tastes nice… I was expecting a slow climb to 0.035 BTC but as usual the opposite is happening, sorry about that.
Another large helping of ZEC goes nicely with humble pie, I’m still bullish and accumulating.
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The second I read Tether was not going to be transparent during an audit was the moment it was clear it was a con.
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Yea, that tether report was a joke, Im gonna look for it
Its linked in the article : ) which you should read, great sleuthing
J5 might be the only way to fix that…maybe
(Pdf)
https://www.irs.gov/pub/irs-utl/j5-media-release-7-2-18.pdf
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boooo … “r word”
“ravage” …what else could “r word” stand for, i wouldn’t know!
Destination Moon Nat King Cole - Destination Moon (1950) - YouTube
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Where is the guy who was trolling with a 150 price target earlier in the year when zec was above 400? Everyone was bashing them.
Alvin got himself banned because he was a moron (not because of his prediction)
What time is the rocket ship leaving?
I have a feeling that bitcoin is regaining strength. I readed somewhere that Bitcoin went from 35% share back to 51%, meaning money is shiffting from altcoins, including Zcash, back to Bitcoin…
imo, october through november. my gut tells me december will be bearish…
does retard our growth, but that’s completely normal part of the “alt cycle”.
I’m not familiar with tether enough to know what the significance of this is. Could you explain?
100 Million new USDT issued yesterday, Today BTC price pumps $300 in a minute during BITMEX downtime.
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Ah. So they have faked $100million in deposits to issue new tether to manipulate the bitcoin markets upward
cool.
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Anyone else just think Tether is trolling everyone at this point?
as soon as the tether fraud is ultimately exposed all of crypto is going to implode. every exchange dealing in tether will shut its doors. liquidity of the markets will evaporate. prices will collapse. it’s gonna be a shit show of epic proportions.
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Serious question, what is the true price of BTC(or crypto at large) when Tether exists?
Maybe they found it behind the refrigerator, or under the couch… always worth looking there…
…or perhaps not.
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126$ on coinlib …down we go…
Brought to you by Bitmain
Actually, if one wants to blame Bitmain, the real fault lies at the feet of @zooko and the entire chain of command from him. They’ve only paid lip service to the ASIC issue, choosing, rather, to wring their hands and analyze the issue instead of acting quickly, shirking any responsibility to making any decision. This is what happens when the enemy invades your land and you just watch them wondering what to do about it…
Leadership means making decisions when they need to be made. It’s not BM’s fault. They just took advantage of the opportunity.
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Yeah, you are right.
miners != traders
Let’s keep this topic Asic free?
The whole crypto market is crashing and not just zcash, blame it on the niiiiight
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Let’s face it , equihash ASIC is still very profit.
Zec price will keep droping to hit their mining electricity cost.
Yes, it is a race to ROI for these ASICS.
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Race to ROI? 2-3 months ROI is solid.
Even if hashrate doubles or quadrupoles ROI is still under 1 year.
My remark was limited to drawing a distinction when blame was placed on BM for their machines for the price drop. It’s not their fault. They just slammed through the opening ZCash gave them when ZCash wanted to fiddle…These price drops are due to many negative market forces, in my opinion.
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very critical levels around $127 has been defended. noticed ZEC is about to gain on BTC. in the past, this has indicated a bottom. also, noticed dash community is engaged in a little infighting, might be in for a little downward price discovery. dash is back within our sights.
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also, somehow, https://www.reddit.com/r/CryptoCurrency/comments/99ms4l/zcash_releases_their_v200_upgrade/
this is on the front page of r/cryptocurrency… if you have a minute, plz upboat… very rare for ZEC news to run the gauntlet of hate to make the front page.
prolly wouldn’t hurt to leave a positive comment too. the market is searching for positivity/excitement
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side note - i’m going to be really bummed if there’s only a coindesk article on sappling when we fork. should be a decent marketing effort started well before the fork in october. hope a decent marketing strategy is being worked-on.
have a good one, y’all!
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Being someone who trades in commodities, crypto is not the only thing that’s down. Pretty much everything has taken a dive this month.
My suggestion is buy and HODL.
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Hold up guys, stop bashing on zcash. Everyone is pointing a finger at zooko. Everything is speculation . Your doubts are toxic. Please, if you truly believe in zcash, believe in it. Zcash to the moon. And if not, well, at least we tried. The coders, foundation, and everyone around zcash want it to survive. Please no hindsight, decisions are made, things happen. End of story.
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what are you talking about, human?
Dude, go back and read my comments. @zooko is responsible for all of the bad and good with ZCash. He is at them helm, it rests on his shoulders. Once you’re around for a while, you may understand more. It’s unlikely anyone here is not behind this project.
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My remark is a general statement. If the reader thinks it applies to them, good, if not, good. Just a sentiment I value and thought worthy of sharing. Not attacking anyone, just making a human statement.
Bearish Cypher set up right into Sapling upgrade. ZEC/USD
This is my case for a potential trap for longs entering the sapling upgrade. There has been a bearish cypher setting up quietly for some time now. Its most obvious on the Gemini exchange but a much broader pattern has emerged on ZEC/USD exchanges with more data; which splits this post into conservative and liberal predictions.
If Sapling generates a rally, it’ll most likely be a trap with people selling on the completion of the pattern(d-leg).
Conservative Gemini:
- Volume on Gemini has increased and the MACD looks like its ready to cross in oversold land
- The cypher may have completed its c-leg going into the Sapling upgrade.
- The price could rally to around the $300 level before the d-leg is completed. This is where the selling happens.
- If this occurs, possible long entries could emerge around $185
Liberal ZEC/USD Pair Polo:
- The cypher starts around feb 2018
- It completed its A leg with the speculation around a potential Gemini launch
- B leg completed with the realized event of a Gemini launched, promptly selling off to the c-leg(which is where we are now($131))
- I still believe the price can go lower here, between 40-80 USD.The pattern would still be valid.
Just my two cents.
#maytheforcebewithyou #always
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Nice analysis
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Hi@ all,
i want to tell my speculation for you.^^
I look a long time to Crypto and BTC.
Last year, i choose a second Coin for my life, called Zcash.
Next 2 Years we see al long time no big pump on Cryptomarket.
The last time for “waiting” and mining, buying and growing community.
First 2/3 of getting high earnings are over, after 10 years.
Now we did have the chance to stay in the last 1/3 of “good” time.
BTC will make 100% till 1000 % in the next 10 years.
With Zcash i see a very good time in the future too.
This year 18 i hope we see a low price, under 100€ on market.
Next year 19 i hope we see 40€ - 100€ on market.
In 2020 we see the first “real” mass adaption on market.
Btc price for 60k- 250k for a short time.
then the next bloodbath will start, and he should fall under 20k-30k again.
But the the time he will be bullish aigain will not need longer, than a few month.
@ 2021 we see a big market cap for all Coins. Till 2022.
This Years should be the years of Alt coins.
She shit ones kicked out and the good ones stay a little bit longer to 2023.
Then the Market make a long slide again, one or two years.
But prices stay on 250k for BTC and hopefull Zcash under the Top 15 with 70K.
@2025 till 2030 market grows bigger and bigger
and do not fall hard.
Bearish time is over and people first time pay with BTC all the thinks they need.
That will be the big fighting time with the Fiat Money.
After 2030 There are just round 30 Cryptos on Market the Peoples trust.
Steemit like Plattforms and good Technologies would alive.
Zcash had a potential for be the “best” Privat Coin.
You all know why
Eqhihash Algo is cool.
I hope nobody find a Bug or Backdoor.
But if finding,
Bitcoin had one too, i think.
Let us buy in and look all time Critical about ourselfs doing.
Thank you for reading and i wish you a good time.
Sry for my bad english.
Greetings Alucian
I like ‘long term’ speculations, they’re the purest form of expressing confidence (or lack of) in the project.
I’m going to go with ZECBTC at 0.035 within the next two weeks, 0.045 at the end of October, 0.05 by the end of the year.
Any more?
this doesn’t sound good at all here:
Today’s price movement may not seem significant, but a concurrent 6% jump in the ZEC/ETH and ZEC/BTC pairs is a huge development. Considering the majority of ZEC’s daily trade volume is coming from an exchange called LBank on those two pairs with around $70 million combined volume 1, it’s likely that some very large ETH and BTC whales are moving huge amounts of money into ZEC. This volume also dwarfs any USD volume by several orders of magnitude.
As can be seen with ZEC’s USD gains today, the takeaway of all this is that the two largest trading pairs (ZEC/ETH and ZEC/BTC) will be the fundamental drivers of a ZEC bull market going forward.
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The ZECETH volume at LBank jumped on 23-7-2018 & has been growing ever since, interesting things happening there, here’s a screenshot.
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@ChileBob Very interesting. It’s a strange coincidence, but 23-7-2018 was the day that I published this: ZEC/ETH Long-Term Bottom for POLONIEX:ZECETH by vmarche — TradingView
Dash is pulling away from us
Can’t LBank volume be easily faked? (0 trading fees, right?)
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All systems go for launch?
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@battbot Yes, as it turns out LBank is faking it’s volume to the tune of 4400x of it’s actual volume according to this report analyzing exchange data: https://www.blockchaintransparency.org/reports/
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" From Commodity Money to Paper Money
Originally, paper money was not regarded as money but just as a representative of money, which was gold. Various paper certificates were claims on gold stored with the banks. Holders of paper certificates could convert them into gold whenever it was deemed necessary. Since people found it more convenient to use paper certificates to exchange for goods and services, these certificates come to be regarded as money.
The introduction of paper certificates — that are accepted as the medium of exchange — opens the scope for fraudulent practice. Banks could now be tempted to boost their profits by lending certificates that are not covered by gold.
In a free market economy a bank, which over issues its paper certificate, will quickly find out that the exchange value of its certificate in terms of other banks certificates will fall. This drop in the exchange value will prompt people to convert the over-issued bank paper certificates into gold in order to protect their purchasing power.
The over issuing bank, however, will not have enough gold to honor all the issued paper certificates, and therefore will be declared bankrupt. The threat of bankruptcy therefore, serves to deter banks from issuing paper certificates unbacked by gold."
Frank Shostak
https://mises.org/wire/why-do-people-assign-value-paper-money
So if I’m reading the situation correctly, tether is actually an over-issued bank note used explicitly for the purpose of manipulating echnage prices of other cryptocurrencies. Tether only had to convince people that it was 1:1 backed by the US dollar deposits (commodity?), to give it psychological acceptance as having value. And now that people are sleeping at the wheel, they are free to make profits from thin air.
At least zcash co gives us new technology for the price of their cut, open source and free to reuse. What does tether give us? Yet another proprietary fractional reserve bank!
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This is specifcally about JP Morgan and quorum, not super interesting accept
“Quorum uses cryptography to protect sensitive data, only allowing those with the necessary permission to access certain transaction data.”
Damn right they do
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Oh by the way I figured out what’s wrong with the economy
That’s $64,600 for every single American person (children too) What in the shit!?
This was the latest I found
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All the more reason to move to a decentralized platform. The Pentagon loves their privacy. ZCash can provide that.
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And yet, that missing money has only a small bit to do with the economy. The federal budget deficit and national debt however…
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Am I reading The Onion?
I considered that too, you’ll notice some of the links are taken down one at the bottom leads to a similar story which leads to a Forbes article with various government document PDFs which leads to the other link there, 21 Trillions so bold it’s hard to believe made up, idk
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Bittrex is opening ZEC/USD trading on 5. September!
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x21
x21
<3 zec
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So crazy, the complete lack of control in FIAT is why we need crypto, and freedom + privacy is why we need ZEC.
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Crypto is not immune to this either. Again, one must point to the fraud of exchanges and ICOs and Tether.
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All of crypto might not be immune, but controls are in place. That’s not to say Tether doesn’t manipulate, whales don’t manipulate, etc., but by design they avoid the very problem of FIAT. Scam ICOs, fraud, etc. Are people issues at the end of the day, not crypto/blockchain issues. Crypto is just the vessel they are using or the arena in which they are playing (since it is very wild west).
Are there any indications that bull market like we saw in december/january is coming any time soon? I feel like hype is gone and that the bull market is no more.
I’m a miner myself. The last bull was awesome, i’ve successfully payed of my investment. I’ve been mining since jun '18. I’m not planning on stoping, like i’ve seen a lot of them do. But the electricty is killing me month by month
I read an article expecting gold to jump around that time so maybe…
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nice to see the market recovering nicely! once again ZEC is a laggard. if we get passed-up by dogecoin (+50%)… i’m going to hang-up my trading board shorts, retire, and go surfing, forever.
weird to see ZEC, XMR, dash end-up with the exact same spread as we had before the correction.
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WTF is up with Doge?
I was tempted to dump all my ZEC into Doge when it around 2200 Satoshis…I wish I had…
Every doge has its day… all doge(s) go to heaven… can’t keep a good doge down… its a doge’ life… in the doge house…
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First, my meager holdings of ZEC are irrelevant to anything the market would recognize. Second, I’ve been here for longer than you, cheer leading ZCash all the way. Third, other than regret, I still have ZEC, mined every bit of it and do not trade. Fourth, ZCash has not engendered any new respect recently in their loathsome avoidance of the ASIC issue other than to “kick the can” down the road about it. Fifth, no one here would feel otherwise if there was a chance to make some fast money…if you say you’d not, you’ll lie about everything.
Seeing as you want to tell people where to go…
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Each to their own, its fun sitting at the table with a pile of chips & just a pair of 3’s
Thats why doge is being pumped:
“Present agitation for the Full formation of dogethereum: the price of dogecoin is pushing to a higher height that many did not expect soon. At present, it has increased by more than 45% in the last 24 hours. There is an agreement within the dogecoin community that it the split of the coin into DogX should be abandoned. This has made the trading volume of dogecoin to increase which has increased it’s market price.”
Green pays 30 to 1…A better bet is progressive betting+ on black, but you better have a big roll…otherwise you get a bicked of dogeshit…
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calm down guys, I like you both! @phakov @johnwisdom
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respect +
I’m sorry for being a d*ck
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Dogecoin known as zombiecoin, and zombie will never die. Maybe that’s why more and more exchanges and platform using it.
I’m hoping ZEC can hold the line at 150 USD. ZCash should be the crypto against which all others should be traded. That’s a thought!
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Something must be going on.
Just noticed a buy wall on Kraken (ZECEUR) & its 1405 ZEC high at 135 EUR, biggest I’ve ever seen.
(Edit: smelling pistakes)
Are we nearing Coinbase time?
Wouldn’t that be nice! Probably a bit early for that but I would really like to be wrong.
It’s coinbase time every 2.5 minutes
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Hopefully they know something we don’t.
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Here we go again, down
I missed the moment LOL
check qtum price :Q__
that 1.6T market cap…
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I saw😁 i these were only real😐
I lose hope…i dont see light on the end of tunel…
As much as I hate to see the ZEC/USD price declining, the silver lining is in the ZEC/ETH pair, which is by far the biggest ZEC market by volume. The ratio is currently an an inflection point which could finally see an end to the downward trend ZEC has been in since 2016.
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I see only bad news on crypto networks…and down it goes…
Today is just the cherry on top of a total disaster of a year…
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Sad to think that we’d be immensely excited about an @AL888 $180 prediction at this point.
This can’t be related to the Shapeshift news?
This is all tied to the futures market and a bitcoin whale gutting people for profit in my opinion.
While a convenient scapegoat the futures volume is, at best, absolutely tiny in relation to the entire market Bitcoin Futures - Barchart.com
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I was more so thinking BitMEX - lots of huge positions liquidated there today because of this.
I appreciate that link though, definitely interesting to see those volumes!
Ah yeh you’re absolutely right, there is definitely some serious volume on BitMEX. I’ve been watching too much CNBC
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Yeah, some guy was leveraged at 9 million BTC. They got destroyed, same with a bunch of others. You know the guy is setting a bear trap only to buy back with leverage long too (or that’s my guess) - definitely someone playing the news for big money.
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Something good to this red market.
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I think the recent drop is related to the news that BTC with a value of over 1B has been moved from some wallets (mostly the same person) to Bitfinex, Binance and Bitmex.
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hearing growing rumblings from people that i have respect for; zcash will be listed on NASDAQ’s cryptocurrency platform in 2019.
from what i’m hearing - will work like this - BTC, ETH, ZEC, and probably LTC
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Nasdaq + Coinbase + Sapling
We have a lot to look forward to.
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Good news coming?
Dump it.
Haha, it’s actually a much more successful strat
Also saw a graphic of coins by activity, and Zcash was rank 7 with around 35k active wallets in the 24 hour period. Bitcoin had 600k or so, ETH 300k, LTC 90k, but the 20th ranked only had 1700. I think we are headed the right direction in multiple ways, so it will be exciting to see how it plays out.
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44 connections to my node yesterday which was a lot higher than normal - maybe another indicator (but probably not).
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That does seem like good news. I know I’ll be buying some ZEC once I get paid next, especially if it keeps falling.
TIL …if you’re ever in ostrava, czech republic should check-out hell stripclub, since zcash is accepted
HELL dance strip club Ostrava
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Figuring out how long it’d take my old 1060 rig to mine enough for a lap dance… dont think I could wait that long 
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Now this reflection is of great value.
Hahaha, genius!
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So it turns out the guys didn’t even play the news, he made it. Crazy that some people have positions where they can do that, and still do. Pretty sure we don’t have whales of that magnitude in ZEC, which should play to our favor in the long run.
When the whales sell the others should buy it all up and make the whales buy back at a higher price and push the market up. Instead they play follow the leader and crash the market.
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So sad and so true, someday this won’t be an issue - they will attempt that and exactly what you said will happen.
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Last night I was hopeful when ZEC shot up above $133 USD due to movements in ZEC/ETH and ZEC/BTC, however this morning has shown the weakness in the markets isn’t over. I don’t know about you guys and gals but I’m finding myself mentally exhausted by the unrelenting price drops, which leads me to believe we’re getting close to capitulation however we’re not quite there yet. I suspect $100 will be breached before we really start to see panic.
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Bleeding badly…not surprised to see 100$.
Although I anticipate the declines, I’m still always surprised by the fact that someone is selling ZEC at these low prices. Anyone doing so would have to either not believe in the long term viability of Zcash or believe they can buy back more ZEC at lower prices. I can’t imagine there is a majority of people who would mine a coin they don’t believe in, so I’m inclined to think most of the selling is coming from the latter group who expect prices to decline and assume they’ll be able to buy it back later. That’s a dangerous game to play, albeit one that has worked out tremendously well for anyone who sold at any point in the last year.
Cryptos are getting gutted by way of negative press in the mainstream. They’ve become not much more than a joke, with some tough obstacles to overcome for the long term. It’s shocking to see this blood letting day after fkg day. My g/f told me to dump everything last year at the peak, and I should have listened to her…Now all I am doing is holding in for the long term with the hope that this thing turns around.
Personally, I think all of this is caused by sophisticated speculators fleecing the rest of the poorly skilled “investors” in the crypto markets, the latter having an easily panicked, heard mentality. It’s been a slow death since December. I’m writing it all off for the short term and won’t be surprised to see 30 if it happens. I hope it does not, but I’ll hold this thing either till it moons or I die crashing with it.
Oh, and if it does go to 30, I’ll be the guy buying the dogeshit out of it.
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I think its getting near capitulation time. Looked like prices had bottomed out for a while then dipped again, sure to freak out the newbies and cause panic. Meanwhile, those of us who’ve been around for a while will scoop up cheap coin.
Sure is tempting at these prices. Having said that, don’t listen to me, I’m the muppet who thought the market was going the other way
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It feels like Sapling could drop tomorrow, go live without nary a hitch, and the price of Zcash would decline. Timing isn’t everything, but it really does seem like the stage is set for Zcash to take its greatest stride forward to the same fanfare I experience when I successfully poach an egg, in my apartment, alone.
On that note, what’s the bona fide plan and strategy beyond Sapling? I have always had the impression that Zcash had committed the vast majority of its resources to developing Sapling and preparing its deployment to the near total exclusion of coin development beyond it. I’ve read about various feature wish lists and possible avenues of research, but really… what IS the concrete path forward beyond Sapling? Is it just refinement/further exploration of that feature, or is there has a consensus been reached on how to proceed?
To tie it all back in with price speculation, Sapling’s launch and its attributes won’t be enough to drive Zcash to new highs, in my opinion. The crypto-space is a graveyard as far as wide adoption is concerned right now, and at the end of the day, we’ll need the general population to hop on board (and pony up their fiat) if we want to see those kinds of prices again…at least in a sustainable way.
Holy s***, I just looked at the price I’ve been on vacation what did you people do!? Lol
But seriously, most of your points of no return I imagine have sailed, half of all zcash exists as unspent mining Rewards so we’ll see if that remains to be the case coming up in the near future
[Moderation edit by @daira: this graph shown by Zchain is wildly wrong; it is counting non-coinbase UTXOs as if they were coinbase. This bug was reported and I thought it had been fixed, but apparently not ]
Like you said, it’s too much blood, needs letting, bad blood, manipulated blood
Real stress test and it must happen
Did you bring Al back with you?
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🔴 Buying Bitcoin is Like Buying Air - YouTube Solid gold.
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Its btc inflated (fake) volume, according to this article it goes like clockwork, its like a marshmallow in a vacuum but now the pressures equalizing
And under 120$ sinking hard…
…and $118 was critical, we just broke it. oh well.
grayscale sept 4 ZEC investment trust ~ $20 million.
grayscale sept 7 ZEC investment trust ~ $16.8 million
and now the 100% pure shitcoin ZEN appears.
Ive been trolling around on zen discord, apparently they’ve rebranded to Horizen, the Zen Blockchain Foundation Corporation decided to maintain equihash, it didn’t appear to be a community decision, I requested their nonprofit information but their not a 501c, just a Delaware NP so they said no
Personally I think Rob heard how much Zooko makes decided to follow suit, so yea shitcoin
Its informative through how vague it is
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alright, $120 … we’re defending the very important $118 level. it’s a fight tho. hopefully we won’t be fighting over this for long.
super-bummer watching dogecoin blow our doors off as we fight for critical levels…
Doge and bitcoin diamond are best performers at the moment…wtf
Markets way of saying, “F U!”
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Doge going up 10% today while everything else shits the bed is like the Ghost of Pets.com laughing from the grave!
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And bcd up for 25% no words…when our pump is going to pump?
When we fork away from ASICS
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october, imo. still brutal to watch other alts shrug-off BTC when zcash hasn’t really accomplished that in her lifespan. also, really hated to see dash skyrocket when we were so close.
Inflation rate is over 1% daily…
[Moderation edit by @daira for an error of fact: the monetary base inflation of Zcash is currently just under 0.15% daily.]
[Moderation edit by @daira: struck out due to being based on a false premise.]
inflation is gross, no doubt. been bitching about that for a minute. only reason i can think of to have high inflation before an alt has matured is maximum payout for zcashco in the first 4 years. lower inflation would mean smaller payout. that’s just what i’m thinking.
savor the flavor dash… we’ll see you in october
Hope you are right about october, otherwise we are fading slowly
No correlation here…
Src:
https://bitinfocharts.com/comparison/difficulty-price-zec.html#1y
@zooko What is your opinion on the apparent relationship between the increase in mining difficulty and the decrease in ZEC price?
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we are sinking and dash is holding
This picture is a bit deflating. We have the fastest processing time and lowest memory requirements in the history of the coin, soon to be even better, and yet shielded rate is dropping. I see this as a drop in usage of the coin. If you are using zcash for bitcoin-like transactions, you’re not really using zcash.
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Another fun one
[Moderation edit by @daira: this graph shown by Zchain is wildly wrong; it is counting non-coinbase UTXOs as if they were coinbase. This bug was reported and I thought it had been fixed, but apparently not ]
Half of all zcash is unspent mining rewards. That’s hilariously huge.
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ZEC is at the bottom on both BTC and USD markets. Unprecedented dip. It’s potential for growth is astronomical right now. I don’t know about october, but it seems ZEC is about to come at any moment. I think at very least +$40 is going to happen next hours or days. Volume is low but it’s low just because it’s to risky to sell now and people hold their coins.
If I’m mistaken, I’ll just buy some more ZEC. If not… next days gonna be exciting.
So what to you guys think? To the moon? 
I think its extremely undervalued right now so wouldn’t be surprised if it made a big move.
My guess, BTC is overdue for a short squeeze, when that happens our bounce will be bigger.
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It’s my guess that this steady decline in value this year shakes out all by the coolest hands. Any buyers into crytpos should use each of these dips as an opportunity to accumulate.
[Moderation edit by @daira: this subthread is based on a false premise. The amount in unspent mining rewards is actually very much smaller than the monetary base, as you would expect: miners don’t leave rewards unclaimed for long periods. If you think about it, it wouldn’t even be possible for a significant amount of coinbase to remain unspent as claimed by the Zchain statistic, given that most mining is by pools and the pool must split the block reward.
I have struck out all of the comments that were based on this false premise.]
It at least cuts the inflation rate in half.
… How? The emission rate hasn’t changed just because people are sitting on it.
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If it’s not in the market it doesn’t affect price unless people only care about inflation as an abstract concept.
Although it does hamper the liquidity especially with only two years worth of zcash around, it also shows that a lot of zcash miners feel Zcash is a real store of value (SoV) although they should probably move it to the Z address eventually
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We should not underestimate old coin especially it’s a zombie coin
114$ dont want to see under 100$… fight zec
just now it went below 100€. don’t know how strong the market in Europe is.
where did you see that? Lowest today i see is 114 so far…
€ = Euro 20charss
One tequila,
Two tequila,
Three tequila,
Floor…?
111$ noooooooooooo…we are falling
Even Dogecoin market cap is more than Zcash now…
GG…
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The most baffling thing about ZEC’s price movement has been the decline in the ZEC/BTC pair. I’ve been a fan of Bitcoin for a long time, but 57 ZEC for 1 BTC is just silly. It could obviously go much lower still, but who are these people selling ZEC for BTC? Bitmain?
Don’t understand it at all… there are plenty of good things about to happen here, more so than with BTC.
At some point there will be a ‘to hell with it’ moment and I’ll go ‘all in’ with ZEC.
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ZEC/USD hasn’t been this low since May 2017, a time when ETH was still below $100. There could be further to fall yet, but I think Equihash mining profitability had to collapse before people actually started to realize that buying ZEC directly is a better investment. Now that ASIC earnings are 1/3 of what they were a few months ago and there’s little chance of anyone making a positive ROI on these new batches, buying ZEC is the only real alternative.
zec $107
xmr $103
zec price will lower than xmr soon.
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104$ are we gonna stop soon…
Why would anyone buy Zcash now? Its a very bad coin to hold, given that it gives no signs of bouncing anytime soon. Huge inflation with no new investors, given that the community was given middle finger by not forking away.
[Moderation edit by @daira: Zcash monetary base inflation is currently just under 0.15%, not 1% as someone claimed earlier in the thread.]
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hehe Zooko cashed in milions of our $$$ and he can wait out the dump same as Vitalik is doing.
you surely know little about crypto
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Teloscoin is going to use it as complementary coin
Did you read my post or are you being intentionally obtuse? I was explaining how I think the decline in price might continue until people realize that buying ZEC directly is preferable to mining.
I’m not spamming anything, but I contribute a lot more to the discussion than trying to criticize other users. You spend an inordinate amount of time trying to argue with me about ASICs and calling my posts FUD.
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It seems there’s a mass exodus from cryptos. ZEC is taking an ass beating, so is ETH. Let’s hope we can hold 100 and recover even any amount going into the weekend. If ZEC drops under 100, it could be anyone’s guess as to how low it goes.
I can’t imagine anyone selling at such losses. I’d rather watch my holding go to 0 than feed these goddam bears.
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I wonder what the sentiment is like over at places like Coinbase. I assume there is a limit in terms of exiting value that can be tolerated (as a bank doesn’t keep enough cash on hand to cover all of its liabilities simultaneously). I wonder how close they are getting to this threshold.
A little cultural inspiration -
“We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.”
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I said it once a couple months or more earlier in this thread… The bear market in crypto is a shift away from risk. The US stock market is next. The best best investment right now… is fiat. USD, NOK, and a few select others. Sadly. Sit on your cash and be patient for the plunge in world assets.
Silver is 14 bucks…
And lemons have peels
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Fiat isn’t a store of value nor an investment.
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Except, ya know, in periods of rapidly tightening monetary policy.
Feels like buying season is about upon us - I just wish I had a bunch of FIAT I could dump. Hard to pass up $100 ZEC. Hopefully we continue to see miners joining the network, since it should drive up the price and put ZEC in a solid position for the long run (assuming people won’t sell for a loss)
I dont see a bunch of miners joining the network with such little profit. Any speculation on why price is diving?
ask the emerging markets that borrowed in USD whether or not it was a good investment
Heh. Doesn’t concern me - I don’t live there. I guess I should have tagged it my unprofessional advice for Americans
Didn’t mean to get down this rabbit hole…but just think if you’re suggesting to people on this thread to buy moar dollars to hedge against future crypto collapse and stock market collapse, it was unwise to recommend USD. Gold and Silver have been used as money in human civilization for many centuries prior to the creation of paper notes.
Actually the United States Dollar gets it’s name from the Spanish Dollar which widely circulated the globe with Columbus’ discovery of the new world. Silver, namely Spanish Silver was the de facto global money standard.
Not sure if this is the right type of price speculation for this thread… but i guess price speculation is price speculation
I beg to differ…imagine all the potential silver components Starkware will need to build their hardware.
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Very true Now we are thinking outside the box
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Positive to see some bounce back😁
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hopefully it’s not a dead cat bounce
only 3 days of green will confirm that
monero > zcash ATM
EDIT: lasted 5 minutes.
Not liking the bitcoin flow being so low, but the eth flow appears to be positive. Appreciate that graphic!
Also, just noticed the Pie for your forum bday haha!
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what i’m finding interesting about this is ZEC’s one of the only alts that BTC, and ETH are both flowing into.
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Nurse! Today is my Zcash forum birthday, I’d like to look at the ocean please, thank you.
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Anyone remember last year when ZEC to BTC was 0.16? Goodness! Now Doge has more market cap.
Yep, I 'member. It was June 2017 and the ETH/BTC ratio was also 0.15 at the time. ZEC was still above parity with ETH, but Ethereum was almost threatening to overtake BTC in terms of market cap. Interestingly, Zcash was still only #12 on the list of top coins, just below Monero.
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Lmao, price dumped on low volume in a 1 minute time-span and recovered in 1 minute time-span. No other exchange followed. AKA, this is not zcrash, just noise.
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Im sorry I called Horizen a shitcoin, its a different thing I shouldn’t be so critical of them
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I was critical in the beginning too. But they have delivered on their roadmap thus far
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Just been playing with Coinlib, a thoroughly excellent app IMHO.
If anyone needs cheering up, it says ZEC market cap is $397B, almost 400 billion (Chilean Pesos) 
binance price
XMR $117.29
ZEC $117.00
Finally , zec price is lower than xmr.
Finally? Is that an achivement for you?
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It seems that my hope for “to the moon” was in vain. Thinking of it now… what is so special about ZCash? Mining reward is tiny now. Transaction confirmation speed is slow, or at least not too fast. It takes about an hour to get 30 confirmations while volume is very low. Privacy? Ok… But there are plenty of other private coins. There is an opinion that ZCash is very strong and innovative in it’s technical side, but… How am I supposed to believe it if there is still no stable and user-friendly wallet for windows available? Like many others I still think that ZCash is undervalued (comparing to other cryptos), but market disagrees with us. What we can see last few months is continuous decrease in demand. Even now when price is so attractive - volume is still very low.
finally zcash overtakes XMR
ZEC - $117,96
XMR - $116.58
woooooooooo
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what does this even mean?
Do you even zero knowledge?
Do you understand the power of view keys and what kind of applications can be built with zcash?
rome wasn’t built in a day, and before building caesar’s palace they built an aqueduct.
Based on what? The entire market is crashing and you think only zcash is falling?
Where do you get this data? Again, based on what?
125M in trading volume 1 week ago is 100M in trading volume now. The amount of coins exchange didn’t decrease, the price did…
Zcash’s volume is much higher than 3 of the top 10 coins.
Zcash’s issuance per day is the third most highest (https://onchainfx.com/ order by new issuance)
Stop looking at crypto as a quick buck investment and consider making expectations for the long run and not “for the end of the month”
This means to wait for at least an hour for your money to be available on exchange after you send them. I remember the times when it was very difficult to send/receive bitcoins because transaction pool was overloaded and some transactions were never confirmed. This made bitcoin totally useless for what it was designed in the first place. I think situation with ZCash would be even worse on the same volume if it is already so sullen now.
It’s already few years of ZCash development. And there is still no wallet for the most popular PC platform.
You can say so. But if my knowledge is insufficient then what about the rest 99 percents of people? It seems that one must be elite of elite to understand the profoundness of ZCash.
ZCrash is falling not only against fiat, but agains ETH and BTC and even against other private coins.
I look at volume in ZCash on BTC-ZEC comparing to other times.
The saying of a looser.
“To become long-term investor” = To buy some asset which falls when you expect it to grow.
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I absolutly agree with this one and i’am pretty sure it’s one of the reasons ZEC isn’t doing better. This should be top priority to have an easy to handle windows wallet.
I can’t see any logic behind this. Watching for example the DASH wallets can make someone only jealous, lol.
Seriously, there is so much money “wasted” on things, why the hell NO damn good windows wallet so the average joe user has a chance using ZEC as well on a stand alone wallet?
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Totally has nothing to do with zcash but I understand your sentiment.
WinZec is available.
If you are talking about zcashd support for Windows just go on github and you’ll figure out yourself when full support will be available.
Why built a fully supported wallet when network upgrade isn’t even finished? ROME
https://www.youtube.com/results?search_query=zero+knowledge+for+dummies
Watch any 1 video in list and you should comprehend the wider picture of ît’s potential.
BS. The truth is Bitcoin is gaining ON ALL coins. Not ZEC losing agains one or another.
Comparing to other times? Share your data please.
You lost money investing in crypto and your b*tt hurt?
I don’t get it. What are you trying to say?
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thanks for not accepting my wager noobvie! i would’ve been pretty salty over losing that one! lol
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Checkmate.
Not wasting anymore energy.
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You just have no any arguments. You ignore common sense and only say propaganda-like rubbish. I won’t be surprised if you are someone from ZCash marketing stuff, whose mission is to keep as more idiots in ZCash is possible while your bosses dumps their coins
The personal-ish type attacks are something we should all try to avoid (its hard sometimes but still)
That being said, the fervor exhibited here (the Zcash community), from what I can tell, is special
The zeal is real but its easily weaponized so just remember to excersise a little recourse as well
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@gglpnh your post was flagged by the community for being inappropriate.
To avoid this in the future I would suggest framing your arguments constructively without degrading language towards other Community members like Zooko or others who disagree with your perspective. FAQ - Zcash Community Forum
You have several valid points like the need for Windows Mac and mobile support, which is why the Developers are working on all three. Zcash Company Proposed Roadmap - Electric Coin Company
You can see the progress the team is making with each platform via the weekly development updates https://forum.zcashcommunity.com/c/weekly-updates
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It’s my understanding that once the Sapling upgrade takes place, it will dramatically decrease the processing time/memory overhead demands for Shielded Transactions (Z-trans); which, and again as I understand, is something like a 96% decrease in necessary computing power. That should pave the way for mobile wallets using Z-Addresses. It’s hoped, then, that more users adopt Z-Cash since it will be quite convenient to use. Time will tell if it has a positive influence on the price.
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Its clear to me that since the start Zcash has done nothing but lose value compared to Bitcoin with periodical bounces to get more people bagholding.
As you can see its just been creating lower high one after another.
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@Trololino I’m not quite sure if you intended to reply to me but I don’t speculate or postulate on Zcash price. I will say that Zcash is still in it’s early years and has many improvements in the pipeline.
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- It’s shame for grown up people to be unable to tolerate truth, which is - ZEC is being developed since 2015, almost 4 years, and still there is no user-friendly wallets for mobile and windows platforms. My flagged post may be a bit emotional but all I’ve said is bitter truth. ZEC lured a lot of users with high mining rewards, but as rewards are tiny now, it’s time to provide better user experience.
- If this is ZCash community forum here it does not mean we should only do praising and ass-kissing.
- Could you be so kind to share some links with concrete dates? When should we expect new shiny wallets? Releases? Integrations? Listings? Events?
It’s not that I’m not patient, I’m still accumulating ZEC. But what makes me feel uneasy is that I don’t see positive changes while my savings goes to zero.
It’s imprudent to put ones savings in a speculative asset.
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imo, this is what’s happening to ZEC markets: this year our trade volume from jan-july roughly was averaging around $50M a day. from july to september our 24 hour volume has been maintained at roughly $100M. this new money has a vested interest in keeping ZEC prices low for a while to accumulate a decent amount. there’s nothing worse for large traders than having the thing they’re buying skyrocket before they’ve had their fill. would be willing to say most large traders would rather never invest in a thing than have it skyrocket while they’re trying to accumulate.
I gave links in my first reply to you. Pay close attention to the dev updates and GitHub if you want to know what exactly they are working on.
Also:
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What you have shared is nothing related to project plans. Only some general bla bla bla. Like “we should conquer the world and go to the moon one day”. If you check for example Ubuntu roadmap you’ll see concrete dates, features which are planned etc.
And this is just another piece of disrespect towards the users.
Anyway thanks for recommendation. I’ll check GitHub later.
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test pump 2018 - whomever was checking their market dominance actually had less control over the market than they had expected.
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pretty sure i can tell you what the entity performing the test pump thought after that second spike - ABORT DUMP DUMP lol
alright, have a good one!
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They do the respect of not pretending to know the future, github isn’t the easiest UX
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@daira just edited one of my post informing us that the pie chart is wildly inaccurate due to a bug that was supposed to have been fixed
Sorry!
Just so we all know now
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Im waiting october already😉
I’m waiting to see ZEC at $40 or lower to buy
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does anybody find it strange ZEC/XMR has been basically the same price for multiple days in a row, even with XMR’s measly $30M volume? market’s grossly manipulated. knowing what the manipulators need to do before they know what they’re going to do is what makes trading crypto so easy. thanks for the laughs!
noticed our volume has increased from roughly $80M yesterday to roughly $111M this AM; whilst XMR volume sits unchanged at roughly $30M. also, good morning!!
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Cool consolidation chart.
This was interesting, it’s talking mostly about eth but talks about correlation in the price versus the value of the utility of a token within the ecosystem
It coincides with the means of exchange,store of change conversations from before, it implies that whatever of those it happens to be is going to be at overall price determining factor
I.e. is zcash more valuable to hold as a store of value or is it more valuable as a means of exchange
Zcash is slated to be the de facto money in the electronic world
Exciting times ahead
your poll with 29% in favor for verge sounds much more reasonable.
Please post some more garbage fud in here.
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once you understand the mechanics, and reasoning behind the manipulation; you become an apex trader.
“know what the manipulators need to do, before they know what to do.”
~ kek magick
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side note - most people on twitter are NPCs. it’s best to just ignore them.
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Twitter polls dont mean a thing. Its an indicator of how much bagholders a coin has. More bagholders = more active they have to be to shill that coin so they can sell and get their invested money back.
But in general I do believe equihash coins lost quite a lot of community by not forking away from ASICS.
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Lol, thought the same as soon as i saw Verge/XVG with 29%, lol. Total joke.
Might be an interesting general read for some (it’s not related to Zcash), but sharing here as it has some interesting info in my opinion.
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I have always preferred the advice of aspiring individuals.
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Since ZEC has supported ASICs, prices have fallen all the way. For a long time before this, the price of XMR was always about 70% of ZEC, and now XMR price is already higher than ZEC. Congratulations to the zcash Foundation.(Give you the middle finger)
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$ 0.97 difference… ‾_(ツ)_/‾
There is a thread for price discussion, feel free to discuss there further: https://forum.zcashcommunity.com/t/price-speculation/
[Thread Moved]
The market is down across the board. ZEC is at $108. Where is the panda when we need him? Could use a little luck. Hoping that at the end of the month when the BTC ETF is approved prices will go back towards $10k for BTC and pull the rest of the market with it right now.
Personally wish I had the cash to buy up as much ZEC as can at the moment.
every once in a while you encounter people who “get it”
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Here is yet ANOTHER person who wants to shout from the top of the forums that ASICS are the reason for the total decline of Zcash…
Here is a link to a post from 5 days ago
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I think a more proper comparison would be to look at the cryptos that forked and didn’t fork when ASIC’s starting mining on their networks.
@boxalex - his thread is useful:
I’m not convinced ASIC’s were not part of the reason, but I have not done a proper analysis. However, BTG has fared better than ZCash during this slaughter period we’re in now. ZER is faring well, too. Aion not so much. XSG is actually gaining value, and ZEL is holding on. BCI is flat, but no one is trading it.
I think the matter needs more investigation and careful analysis to make any claim about ASICs vis a vis price influence.
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If you believe ASICs are the reason for $ZEC price decline, i own 60% of a time share on a tropical planet in andromeda and i’m looking to airbnb it.
I agree, a deepth analysis would be interesting and i thought several times allready about it, but i’am failing to think about a honest objective mechanism/approach to do so.
I mean there are some problems like:
- time frame applied
- time frame in a bullish vs. time frame in a bearish market
- bad/good news that temporary influence a given coin/price
- lenght of the period, i mean the longer the period is the more accurate and of course reverse
- versus what to compare? BTC? USD? USDT? ETH? all of them?
- i personally would even compare it to hybrid POS coins that are on equihash algo to make it an even better analysis.
- whatever not …
- should volumne, market cap, similars added or is it only the pure price that matters?
- many things i even didn’t thought about yet…
If anybody has a good formula and answers to the above i would be more than willing to join a team of volunteers that do the research, observation and analysis over time as it would be mostly too much for a single person to do it…
I’m not convinced in either direction and I don’t want to believe that just because there was a full moon last night and some of my cows were attacked by wolves means that every full moon wolves will attack my cows…
However, I think a careful analysis of values is needed to put the matter in clearer light. I think there are three distinct (mostly) periods for comparison: 1, the time from May 17 to ~Dec 22, 17, the “Massive Growth” period; 2, the next period from ~Dec 22 17 to when ASIC’s started to emerge in public (around the end of June 18), the “Value Blowout” period; 3, the “Post ASIC” period in which we are now. These three periods are potentially suitable.
It’s a complex question, though. I will say this at least: ASICs may or may not have hurt the value of ZCash, but allowing them onto the network - for whatever reason they gave - erased likely much of the goodwill the ZCash Company had with their Community as a whole, and probably all of the goodwill with their miners.
Hello,
We will be waiving all fees on Gemini Block Trading™ starting on September 21, 2018 at 9am ET and ending on October 31, 2018 at 4pm ET.
Block Trading enables our customers to buy and sell large quantities of digital assets outside of Gemini’s continuous order books, creating an additional mechanism to source liquidity when trading at larger volumes. The minimum quantity required to trade with Block Trading is 10 BTC, 100 ETH, or 200 ZEC.
Interesting. The whale special?
I am and I claim that not forking away decimated the community numbers that supported Zcash. I also did an analysis few weeks back how PoW coins were backed by electricity needed to mine them, and by switching to ASICS this value decreased quite a lot.
Zcash spread like crazy with word from mouth to mouth, people mined with their existing cards, then bought rigs and started investing. How many non crypto friends can you convince to invest in chinese machines with 2 months warranty ?
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It’s 6 months but whatever man.
Let’s see where zcash will be in a year and all the other coins that have forked. Stop the FUD.
THIS THREAD IS PRICE SPECULATION
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Hmm, used to be 2 months, I see they changed it now, probably because new batches cannot be overclocked. Increase in difficulty will help zcash price, hopefully new batches get released soon, so miners stop selling and start waiting for better price.
Blocks of 200 ZEC that close to Sapling activation could make life interesting.
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@johnwisdom I agree that we should try to keep the ASIC debating in the ASIC thread and not get bogged down with it in this Price Speculation thread. Let’s talk about ASIC mining
As long as @Trololino makes thier ASIC points relevant to possible effects on price, they are fine here too. ASIC vs GPU arguments should be in the ASIC thread.
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I don’t have analytical facts to prove ASIC’s f***ked ZCash, but my belief is that they have not been any help. Miners were surely hosed, however, and their excuses not to fork - however valid or not - were poorly contemplated. Besides, ZCash is in the toilet anyhow right now.
My hunch has been all along is what someone posted above with the Dot.com crash example, points I raised before crypto shit the bed. We’re in a new era where only the strong survive. Zcash will be one of the survivors for the long term if they don’t screw it up.
I’m feeling like it’s just best to wait 10 or 15 years for things to start popping and not pay it any mind until then…
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The price will go up when the temperatures start to go down. We all know that miners are dumping coins to cover expenses right now. A school of minnows can grow to the size of whale.
Who is we?
Can you share any type of proof? Or are you just spreading FUD?
Can we please stop repeating the same argument over and over in the Price Speculation Thread?
Here is a snippit from the community guidelines (FAQ - Zcash Community Forum):
Please do not:
- Bump topics without something new to add.
- Derail topics.
Help us make this a great place for discussion by always working to improve the discussion in some way, however small. If you are not sure your post adds to the conversation, think over what you want to say and try again later.
The topics discussed here matter to us, and we want you to act as if they matter to you, too. Be respectful of the topics and the people discussing them, even if you disagree with some of what is being said.
One way to improve the discussion is by discovering ones that are already happening. Please spend some time browsing the topics here before replying or starting your own, and you’ll have a better chance of meeting others who share your interests.
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some people just aren’t built to moderate. this is a great example of that fact. been asked why i stopped posting more detailed market information, and the simple fact is, stuff like this irritates me. only reason i continue to post here is some people have told me privately (for whatever reason) my posts make them feel better during downturns. if you don’t like what i’m thinking in the speculation thread; change my mind. i’m an open thinker, and love debate. would’ve been better to just ignore my post if you don’t like it.
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ZCash back to rank 20 soon?
I see some solid traction in south korea markets (bithumb 9M$ in trading volume)
and upturns too,
you always keep our mood positive kek! +++
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+1 for @kek like your speculations and analyses. Keeps you motivated on downtrend and focused on the way up!
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+1! I really appreciate your feedback and comments about markets and price speculations.
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Should we all put a blindfold and ignore the market ? All the speculations you don’t like you call FUD.
FUD is an acronym for fear, uncertainty and doubt.
Sharing personal opinions not backed by any evidence is FUD, or am I wrong?
Lies are FUD, or am I wrong?
I’m sorry for not using synonyms or using other ways to put it.
Am I at least allowed to defend ZEC from poorly thrown reasonings that are not any good for zcash reputation?
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What you are doing is sharing your opinions that arent backed with anything.You are spreading FOMO which is as dangerous as FUD.
Do you have any TA charts that support your theory that ZCash will soon stop tanking and bounce ?
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Being optimist on zcash in the zcash community forum sound more reasonable to me than posting facts that are not facts (in this case, specifically talking about “we all know that miners are dumping coins”).
I’m entitled to believe zcash has more potential than most coins, and as a developer I can ensure you it’s the case. Surely the tech is not related with the price actions, traders rule on price. But in the long run, for me, what is under the hood is what will make zcash thrive and be more successful than others.
I can ask the same.
Let’s not make this a personal exchange of opinions and get back to speculating.
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@johnwisdom Look at this time last year.
Look at the end of the month specifically. That was the point of my last post.
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It’s following BTC, unfortunately. People trading ZEC aren’t aware of the ASIC/GPU debate issues, or if they are they don’t care.
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Just FYI, this is a speculation-based thread and nobody actually knows what will happen. I’m also positive on the Zcash price rising, the question is when.
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…well…I dont care that they don’t care…though I am pretty sure that they don’t care that I don’t care about them not caring…
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fishy fishy BCEX (bcex.ca), 2 minutes ago ZEC was trading @ 117$, now it’s @ 106$…
(chinese market)
Zcash keeps making lower highs on BTC price with occasional bounce which can be clearly seen on the chart. Community divided on GPU and ASIC miners. Tell me one good reason why someone should hold Zcash after the pump that will eventually happen, and then it will do a full retrace and not stay in BTC after he sells.
Not everywhere. Most other exchanges are much lower.
Now it’s back to 107$ and volume drop by 1M$ in under 1 minute.
It’s surely an anomality, but it’s annoying seeing zcash price rising and falling on every page refresh
Comparing data from coinmarketcap and bitgur there is no allignment with bcex…
We should all stop pricing coins in dollars and start pricing in Yuan, then we could at least see the price increase regularly
I’m always a fan of your posts - keep it up, it helps build community and trust. We are all here for the speculation, and there are a few of you specially whose posts I really enjoy reading.
I also agree the inflation hurts right now, but I’m still holding out for the long run and believe ZEC tech and hybrid public/private chain will be what consumers, businesses, etc. want and need. I see the current price as a good time to accumulate, because that inflation will change. For the time being, I think ZEC is positioned well given the amount of people entering the space, and the tech will be where it needs to be by the time USD is on the out (which will definitrly happen in my opinion, it’s just a matter of when). We need to ensure we keep growing the userbase and spreading the word. I think we’ll see some huge adoption once hardware wallets can handle ZK transactions.
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Give ZEC time and it will rise to the🌛
I recently read an article talking about bitmain where the author thought that they made a poor decision in requiring crypto payments rather than fiat only.
Their only justification for the criticism was that crypto is now worth much less than earlier this year.
That’s such a short sighted view of it. One should consider that by requiring crypto payments they have increased the demand for those currencies. It is not different than the world oil cartel requiring US dollars. It’s a brilliant move that increased demand on something they already owned. They helped create a self-reinforcing feedback cycle. Crypto is up, so buy more miners, miners cost crypto, buy more crypto… etc.
Interesting view. But to be fair Bitmain not always accepted crypto on every batch. There have been batches where only USD was available. Just to correct it a bit.
Other than that I personally liked the move to accept crypto on most batches and i admit, it made me confident that crypto has even a future. I mean i think we can agree that Bitmain is the biggest company dealing with crypto, so if they accept it, even demand it, there must be a good reason behind it and that’s not that it will be worth nothing tomorrow.
I did not know that there were wire transfer only sales. Were they in the very beginning or even more recently? I’d be interested in the specific timing where that happened.
I can’t remember the exact batches but for some only USD has been an option. I think last in May have been some where only USD have been accepted. This applies mostly for first batches if i remember right.
USD was required for the L3+ when I bought some, then bitmain thought they could pump Bcash by only accepting bcash for their miners later in the year. I know they eventually accepted LTC for the L3+'s as well (before the shift to bcash) but they definitely moved away from FIAT for sure!
Not for all batches. In April/May 2018 there have been for sure some batches/models only with USD…
True, it has been a while since I’ve paid attention - the last time I had looked closely at payment options was the first batch of A3s. But I think I recall the Z9’s requiring Bcash as well (maybe I’m wrong on that).
Just saw this posted from someone in Venezuela on some forums - so happy to see they were accepting Zcash.
You missed the point of why I moderated that post: it was based on a false premise. The monetary base inflation rate had been stated to be 1%/day when it is actually 0.15%/day.
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Yes, its 0.15% a day. Still that makes yearly inflation 54% which is A LOT.
It’s identical to Bitcoin at the same point in its lifetime. In any case, I’m not claiming that monetary base inflation does not affect price; it clearly does. I was merely pointing out that the figure someone gave for inflation was significantly higher than the reality.
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This is true, but check what Bitcoin price was at the time its inflation was this high. Of course a lot more people now trade and invest in cryptocurrencies than they did back then.
There was only 1 coin to buy then. It mattered less. There are now more cryptos than enough people to invest in all of them. That research paper that took them 200 hours of research proves this. We knew this in a handful of hours researching it. Once the info gets out there the price will reflect the reality eventually.
By why does inflation matter so much when there is less than 5 million circulating coins? If there were enough people buying/using Zcash the value would be much higher. It is the highest dollar valued coin with the least circulation. I was hoping people would figure it out sooner than later for that very reason. It is the scarcest coin with the best tech.
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Ive got a headache now kinda, ugh
Inflation is important for store of value.
Yeah well that is one big IF. You need daily investment of 820 000$ if all the coins mined that day go to exchanges.
Again the amount of coins in circulation is less important than inflation in terms of coin being good store of value. After the first halving things will improve, but we have to wait 2020 for that.
imo, market has absorbed the inflation fairly well, and we’re close enough to halving that it really isn’t a big deal. also think people will have less of a negative opinion on inflation rates after we get a couple bullish market cycles under our belts.
edit - i did misunderstand the reason for the edit.
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I’m dumping all of my zcash.
I started buying zcash last year as I got into crypto currency.
I really liked the technology and the fact that at the time it was called asic resistant.
I really liked the idea of decentralization and the narrative that I absorbed from the bitcoin community was that ASICS centralize in China due to electricity cost.
So I initially started buying - maybe hoping for the next bitcoin like many people.
Eventually I wanted to “do more” so I looked into mining. Built my first “rig” with 2 1080 TI in SLI.
After mining and holding for a month I started building out mining rigs.
All financing both through my paycheck from work.
All in, I got upto about 80 GPU (mostly 1080 TI) and a reasonable amount of ZEC saved.
I was always told that miners protected the network in exchange for a reward.
When the ASICS first appeared - it was doubted by many that they were real.
I watched my farm barely break even from the electricity costs.
Then there was no word from zooko or the foundation about if a fork would be made to prevent asic take over.
I feel sold out.
I’ve dumped all my zcash and sold about 24 GPU. I have bought 2 z9 mini and a A9 which I will dump the coins and buy other coins I want.
You turned mining from a hobby / project worth being involved in to just being a business - which is fine.
Now I mine your chain because it gives me the most satoshis / watt / day and I buy a different coin.
Through the reports of censorship and over moderation combined with the drastic decrease in price while devs are saying they aren’t getting paid.
Then you have zooko flappin on twitter about how it’s nice to not have to worry about money anymore - are people really surprised at the price?
So I can’t speak for anyone but myself but I’m pretty sure I’m not the only one that feels burned over the last 12-16 months by this team.
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We reached 120$ 20 char
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smh, should’ve waited until at-least october, imo. good luck!
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I’m pretty sure SLI produces negative results when mining vs gaming. Just a heads up, even though it sounds like you’ve moved away from GPU mining.
I believe not holding any Zcash long run will be a mistake, and I’m sure someday you’ll look back to this post. I was also mining Zcash, but I knew the risks and positioned accordingly. I totally get where you are coming from, but I think abandoning all hope isn’t the best call. Miners felt the same way with BTC as more advanced ASICs hit the market, and look where things are at now. Zcash is basically the 7th most active coin as far as I can tell.
This all said, it’s the first time I’ve heard anything mentioned about devs not getting paid.
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3 months ago - the windows wallet dev.
Fear is the path to the dark side . Fear leads to anger. Anger leads to hate. Hate leads to suffering. Suffering leads to exiting your $ZEC position. Exiting your $ZEC will lead to missing out.
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Im not dumping my zec at this price, if it goes to zero, even then i will keep it. No point selling it because i think its soooo undervalued at the moment and even if in some reason zec crashes i will keep my zec as souveniers😉. But that aint gonna happen and we have to wait a little more to see that zec will perform better than you think😎
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my gut’s telling me we’re close. weeks, not months.
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Really? I went ‘all in’ at 91 Euros.
I used to mine ZEC, gave up a while back but that doesn’t change the tech/potential of this project IMHO.
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@benefit14snake Your post isn’t really on the topic of Price Speculation, but I’ll respond to it and then maybe @Shawn or another mod can move it to a new thread.
I’m sure that you’re not the only one who feels burned or betrayed, but that’s because like many others you might be too focused on short-term financial rewards. The Zcash team isn’t at all focused on short-term price fluctuations of ZEC, and they’re dedicated to building out the project over the long run. Despite what angry Twitter mobs might suggest, @zooko isn’t some out of touch overpaid CEO. Compared to other coin founders (Satoshi, Vitalik, McCaleb, etc.), Zooko has received substantially less compensation and has done so in a way that is drastically transparent and more inline with how traditional salaries are paid. The Founders Reward is also spread out amongst a diverse group of people including developers and investors, but the vast majority of ZEC is still reserved for miners.
Mining is a tough business indeed, but it’s 100% opt-in. Nobody reasonably expects any miner to operate at a loss, and despite the rise of Equihash ASICs there are other coins available to GPU miners such as XMR and ETH. Any rational miner, despite their loyalties to a given coin, should always mine the coin which yields the maximum profit for the given hardware, in your case 1080ti’s. Afterwards, you can always exchange it for your favourite coin, be it ZEC, BTC or even USD.
While ZEC used to be the most profitable coin for the 1080ti, right now ETH is probably your preferred option, but you can check https://whattomine.com. There’s also an enhancement called ETHlargement that supposedly increases the 1080ti’s performance on Ethash. If I were you, I would start mining ETH instead of selling off all your hardware at bargain prices, however if you get a good offer then take it and use that money to invest directly in your favourite coin.
In regards to devs not getting paid, WinZEC is an unofficial wallet that was developed by @anon47418038 independently of Zcash Co. I believe he eventually received some compensation in the form of donations and WinZEC now includes a small donation for him when you use the wallet.
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Similarly, this is the first time I’ve taken risk in over a year and a half. Last year, prior to the explosion, I took out a loan on my 401k to invest since I didn’t have capital, and refused to miss this boom (wanted to mine btc back in 2009, but I didn’t have a good enough computer to do so, and was too focused on the mining aspect to just buy what little I could afford, which is what I should have done.). I proceeded to watch the numerous booms and had enough of that, and decided that this time I was joining in.
In the interest of not writing an essay, I paid off all debt near the top, made a bit of money, and decided to sit on what I had (never sold any of the ZEC I mined).
Prices are around that point again. Although I’m not going to leverage myself as much as I did last time, it’s definitely buying season in my opinion. Charged the next 1.5 months worth of investment to buy in now, although I haven’t converted to ZEC yet, I plan on doing so tonight.
I don’t think we will see another boom cycle for at least several years. I agree now is the time to buy.
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You contradict yourself. If we dont see another boom cycle for several years, why would now be a good time to buy?
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um…isn’t it obvious? you know, all that buy low and sell high stuff…and no, I do not contradict myself.
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No. Boom brings new people to the crypto markets, new people bring new money. Without new money, and no boom cycle for several years, and 50% inflation a year, how is now a good time to buy ?
P.S. Zcash was born in the begining of bull cycle, and we have no idea where good support levels are, as we know with Dash, Litecoin etc.
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ok, whatever you say…my apologies to everyone for not making a correct post…
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Makes total sense …
I think the cycles are going to be compressing as we start entering the adoption S-curve. I wouldn’t be surprised to see the next bull cycle kick off this year. (Definitely could take longer, but I have a feeling it won’t)
How big do you think Sappling pump will be ? I am thinking short burst to 0.04 BTC
For the record I am not changing my tune, I always said Zcash has occasional pumps
Green Valley!
Can’t wait to short XRP
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Every once in a while the overloads of the 3rd dimension throw humanity a bone…that bone is XRP. LOL
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Also i think this sapling rally (which will ultimately be a trap for longs - in the short term - see post from 28 days ago for reasoning) has begun.
Double bottoms on price(106) and RSI.
Then if we zoom in on the hourly(i picked the 4hr) we see a nice little reversal pattern. To confirm pattern, price action would need to touch neckline.
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Now only $36m away from Doge market cap, will be nice to take back our #20 place.
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As long as the crypto market growths as a whole, we will get Doge in no time. From what I have noticed, when the crypto market is fighting for its life, Dogecoin is doing great and when the crypto market is doing well, DogeCoin is happy when it does not drop. I also read these ZCash predictions which are very positive. But we all know how these predictions usually work.
https://cobinhood.com/announcements/180190db-e645-47bd-b60b-b64e8528a21c
so, zcash was listed on cobinhood yesterday. never used this exchange before. anybody have any opinions on cobinhood?
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we are close. THE DOGE FLIPPENING!
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whilst i do belive twitter’s a huge waste of time ; i do check the ZEC cashtag pretty much daily …i’m noticing a definite shift in attitude towards zcash. the posts have shifted from negative to positive in the last couple weeks…
was enjoying the positive zcash posts, then i bumped into this poll
lmao no way these people really believe this.
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Or the people who responded are just pretty ignorant of the current state of the projects
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Only 183 votes. They must be ZCL bag holders trying to pump the price.
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thats the marketing issue at Zcash I guess and of course some reallifebots and 183 voters are not really much or am I wrong?
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The reason why ZCash is unknown to the masses is solely a failure of the ZCash Co for not making them aware of it. The brand will not grow organically or by word of mouth. It must be marketed and marketed well.
History is chock full of fabulous products which died or fell away simply because the people producing them didn’t know squat about marketing them. That ZCL has better TOMA than ZEC is bizarre, but shows the lack of work ZCash Co has done to market their brand.
While there may be excellent scientific and mathematical minds at ZCash Co, that does not mean they are good at marketing. What’s necessary is a professional executive staff of marketers to make sure the world knows of the true value ZCash offers it. Until that happens, the world will keep using garbage like XMR or ZCL…or any of the other privacy poseurs out there…
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here’s another poll i found, and forgot to post that day. imo, this one’s a little more legit.
only 32% in that poll gives a flat out “no”
thinking to myself around a 1/4 of those people might answer differently if the question was structured differently.
42% are undecided or didn’t answer (i believe a large portion of “just show the results” are undecided) - marketing ?
What caused the price to spike just now ? I can’t find any news about it.
This makes no sense, he speaks of implementing zcash’s zksnarks into ethereum, nothing about Zcash news.
It blows my mind how you wouldn’t see that as bullish (old)news so im not going to comment.
If Zooko started talking about implementing dApps into Zcash, then that would be bullish news for Zcash. Implementing zksnarks into Ethereum will do nothing to help Zcash. Buterin said that Ethereum can borrow a technological innovation from privacy-centric cryptocurrency Zcash to “mass-validate” ETH transactions.
Back to RANK 20!
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whut? on Kraken +7.2% meanwhile all the other coins are on minus
if they think about merging both coins in the future, we need to reach eth value at some point
Price follows hashrate.
The news could help Zcash if there’s an airdrop in the future, but it won’t help for very long. The price will go back down from this. What Zcashco should do is integrate this tech and get BOLT up and running as soon as they can after Sapling is finished. Zcash could conceivably get BOLT before Bitcoin gets Lightning network. I think that would be huge for Zcash and would be better than trying to ride the coattails of Ethereum. Zcashco can continue to help them with tech, but I think they should make Zcash better first and foremost.
Seems this little pump was short, but what will happen in few weeks?
This is what I’ve been saying for months now But it seems this time it was caused by people FOMOing on Vitalik’s statement.
Some of the details of Vitalik’s post are specific to Ethereum, but most are not. We haven’t published any plans concerning it, but personally I’m very enthusiastic about the ideas underlying Coda (that’s why I spent significant effort working out the cost of pairings in R1CS circuits). Succinct blockchains are the future of blockchains, in my opinion.
BOLT is complementary to Coda-style succinct blockchain tech.
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Coda doesn’t get the air-time it deserves, mind-meltingly-brilliant stuff that hardly anyone knows about.
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I have to warn people now of possible price manipulations with Zcash and Horizen. New batch of Z9 master is shipping now, Bitmain and Insillicon need to sell more, as no one would buy it at current profitability calulations, so it will probably manipulate the price in order to sell enough, then dump it. Who thinks he can ride the train and know when to pull out, I say go ahead
Zec seems to in green, but cant find why. Others in red .
That might be part of it (in china zec is trading with a small premium [2-7$]).
What I see much different in ZEC market is binance BTC/ZEC volume quadruple in the last 24 hours!
Insiders please share info!
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nice volume this AM! beating dash, and ETC. this pleases good ole kek.
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Just saw this… sounds like progress.
Doesn’t specifically mention ZEC but nothing wrong with optimism.
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Links to https://theblockcrypto.com/2018/09/25/coinbase-has-revamped-its-listing-policy-and-it-may-mean-new-coins-are-coming-to-certain-regions/
And
https://listing.coinbase.com/
Not too hip on “irrespective”
Just to clarify, this bug does not affect Zcash: the change that introduced it was not backported (or considered for backporting). It also does not to my knowledge affect other Zcash forks.
I don’t know whether our code review would have caught it. I suspect that it would, because the change was clearly (not just with hindsight) consensus-critical, and such changes are reviewed with similar thoroughness to consensus code that we write ourselves. That is essential because it is in general not safe to merge changes from Bitcoin consensus code given other Zcash differences, even when they are correct for Bitcoin Core.
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Thank you, and to everyone at the company and foundation and community (we dont do it enough)
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Sounds good as well.
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IF
I Told You
THEN
Right
Dont Cry
Loop
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HORSE SHOEEEE!! Bull run confirmeddd
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Yes bull run coming and another ban.
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Didn’t Mao teach you to speak better to women?
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4 posts were merged into an existing topic: Moderation Policies and Procedures
…and in other news, amidst signs of a recovery in ZEC price, traders were amazed as the average IQ of their forum doubled…
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Did you ever see THX 1138 and they did the mind lock on that guy and he’s just like stuck for 3 minutes?
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Please
Affirm
Next
Development
AL888
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Wow look at it go. Where it stops Al888 knows
I see what you did there
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…and we return to the normal programme of ‘Guess what will happen to the price next week’
So, I’m seeing nice volume and the price has sort of settled down, despite it being the weekend.
Increased volume has to be a pre-cursor for the October Sapling bump, plus there’s some branding work coming out. All good stuff and just my humble opinion.
My guess, 135 Euros by this time next week, which for those of you that live ‘in the colonies’ would be $156.
Falling wedge formation found on Zcash. Possible one more dip to 90$ then up to 250$ or more right around when Sappling is released. Find out more on falling wedge formation here: Falling Wedge [ChartSchool]
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lol 
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Lol, I guess that’s what a huge ZEC to BTC price will do. I know the throttled mining start played a role in that early price, but still promising for when we break back through someday.
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last few years most alts went the ICO/etc route. those markets are prebuilt, in a way. have a feeling vast majority of current traders have never traded in a market built from scratch, so they might not understand true accumulation.
“dear lord make it stop.”
have a feeling this poster’s prayer will be answered by the end-of-month.
good volume again today. even a nice little uptick in volume.
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So, no Btc ETF this year?
So guys, do you think Coinbase will add Zcash soon? Here is their tweet from July https://twitter.com/coinbase/status/1017863343288115200 and Zcash chart is now even on their website
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Its certainly getting closer & think we’ll be one of the first - but when is anyones guess.
IIRC @kek called it last time…
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The new website https://z.cash
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This is kinda weird, its a map of fintech twitter (kinda), anyways if you scroll down in “top hashtags in tweet” G1-G10, you’ll see 2 CC’s mentioned by name…
Its also kinda like where’s Waldo!
Also there’s a basic free version to make your own
Im confused about how the price follows the hashrate? I know if the coin is worth more, more people try to mine it, so the hashrate goes up when its more profitable(AKA hashrate follows price).
But why would the price follow the hashrate? Looking at the hashrate vs usd price, I dont see any correlation.
Zcash lost alot of its community on the ASIC switch, so there is alot less demand for the coin. Last time the amount of transactions was this low was a year and a half ago. Demand effects the price alot more then hashrate ever did.
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Did you see this page? Compliance - Zcash
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I just had a (virtual) orgasm!
I guess the new branding is about → ZCash to Zcash
And the new sapling logo?
JUST AMAZING, the video too! LOVE IT! Look at all the languages, look and those pages!
+++++++++ Zcash 
+++++++++
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The market is changing. Today Polo announced that it is discontinuing their p2p margin lending wallet. I’ve been trading since the trollbox days and i just think today marks an end of an era.
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Since ASICs came into play it will need to readjust (which will probably take a little while). They are far more kwh/hash efficient, so that’s why things are looking like they are on that front. Eventually, it should even out since miners should presumably not sell for a loss, and they will control all newly mined ZEC.
Now the world can use a mobile wallet with Z addresses and access to the private key. That will be Zcash Zen for me.
Glad to see the video. It’s quite good.
Can you show many any evidence that hashrate causes the price to go up. I have seen many things showing it has no effect on the price, the price effects the hashrate not the other way around. I have not seen any information that supports what you are saying.
Can you link some posts/charts/information on your theory I would honestly like to see something that might support your claim and the logic behind it. Price is based on supply and demand. The same number of coins will be mined no matter what the hashrate is.
Price does not follow hashrate. Look at Bitcoin hashrate, its 5 times bigger this year, WHY NO MOON LAMBOS? Please show me differently.
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I agree 100% with this as well and i’am not a fan of the price/hashrate argument either.
In my opinion price is effected by supply & demand in first place. Followed and maybe even interruped temporary by some other factors like news, manipulation, security, design, tech, and so on. But the main factor is just simply supply & demand.
Of course just my opinion…
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bitcoin, litecoin, ethereum… are 3 examples. most fundamental traders consider hashrate to be a leading indicator.
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Bitfinex is down for maintenance today, anything can happen.
I disagree with this statement. In my opinion hashrate is lagging indicator, not a leading one.
Best example would be even Bitcoin vs. Bitcoin Cash. Which ever of these 2 has a higher profitablity gets a good portion hashrate shifted towards them.
Not much different on equihash either. Huge amounts of hashrate gets shifted btw. ZEC and ZEN day by day. Therefore considering hashrate as a lagging indicator fits way better than a leading indicator in my opinion.
I personally consider amount of transactions, volume, design, security, news, tech, team, whatever as leading indicators, but not hashrate. But than again, that’s just my personal opinion.
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hashrate would be considered a leading indicator. you disagree with that statement; we’ll just agree to disagree.
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I’ve started watching the ‘number of connections to my node’ as a possible indicator, kinda interesting.
Significant uptrend in the last few days (currently 53!), time will tell if its useful or not.
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I guess a better way to put it would be that over the long run, price seems trend in the direction of hashrate. During a bear market, it will lag behind, and during a bull market it will over shoot. However, each bull market will drive further mining expansion, and then the cycle repeats itself.
That said, ASICs act as a disruptor, so explosive hash growth from ASICs will not immediately cause a spike. Over the long run though, that additional hashrate helps secure the network (as long as it remains PoW) and that in turn adds value.
Supply and demand obviously plays a role, but scarcity alone isn’t enough, which is evident with the number of trash coins out there.
Some of the large player funds measure the value of bitcoin in the value of the network, which correlates to hashrate and adoption.
I guess stating it follows might be wrong, but over the long run, they will trend in the same direction, and hashrate will affect price.
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I ask again, can you link or show any evidence that supports your claim. I have not seen any evidence to show hashrate going up and then price following it BECAUSE of the hashrate. Its the opposite, hashrate follows price. Here is some quick evidence to support MY claims.
Bitcoin hashrate skyrockets AFTER price shoots up.
Litecoin hashrate follows price AFTER the price shot up to $300.
Ethereum same as other, hashrate follows the price.
Do you have anything to support your claim? Or is this just a opinion? I honestly want to know why you people think this? Bitcoins hashrate has gone 5x this year, how much should this effect the price? 5x? 1x? .1x? How much does hashrate add to the price.
What is considered the long run? Almost a whole year has gone by with Bitcoin and its hashrate has gone up 5 times over this year. How long does it take for the price to follow the hashrate? Can you even be sure its the cause if it takes year/years to effect the price?
If the price follows the hashrate, it should be pulling us out of this bear market looking at how all the hashrates have gone 5-10x this year. How long do we have to wait for the hashrate to make the price moon?
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In crypto, I’m looking long term, so I’m thinking 10-15 years out. Within that timeframe you’ll have a number bull and bear markets, eventually leading to a very long bull run. So when I’m talking long run, it’s normally in years as opposed to months.
The miners people order take a while to get there, so a lot of the hashrate coming on after the bull market (this time around) is due to people ordering during the bull market and bull market peak. Each bull market also spreads awareness. I know during this last one, a somewhat well known billionaire was considering opening a fairly large mining operation as an example (to my knowledge they didn’t, but I haven’t asked my friend about it since last year).
I believe the price will follow the increased hashrate over the long term. By that, I mean we will most likely see some statistical significance between the two over the next 5-10 years. I think if you look back to this after the next bull peak, things will look similar.
For LTC, you have to recall they released the L3+, which added tons of hashing power to the network. Some will always re-direct their mining efforts for maximum profitability to other coins, but that added hashrate and addition of new miners will be reflected in the price over the long run. Or that’s my belief at least.
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if i had scientific proof of leading fundamental indicators i’d be a lot more wealthly than i already am.
“you people” i’m conveying a common message, not 100% sold on this.
could take the time to show you where a trader would think price follows hashrate, but i would need to zoom-in on your charts, point stuff out (that’s work), and i just don’t care enough to do so. H/R - E/R seem to track one another fairly well until 2018. 2018 hashrate continues to climb whilst exchange rate corrects. this could indicate future price gains (leading indicator).
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The price v hasrate with Dash follows the same trend as @Lisfin indicated. You might as well lump ZCash into it as well.
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I think we will need another bull run to confirm this theory. Do people invest in mining because they believe it will go up or do people invest in mining because the price is high and profit is there to be made? I believe most of the explanation is the latter, but if the hashrate keeps going up even though profits are flat or negative it means the former is true.
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@JKDC I believe both forces are controlling the decision to enter the mining pit. However, there must be enough proceeds to be accumulated now minus the cost of mining operations to justify it and a long term upside.
ATM I guess all GPU miners are in that zone.
How deep into the zone that is, is what 1 is willing to risk.
ATM mining BTG with a loss, I need at least a price of 35 to break even.
My guess is it will make that.
When ? Don’t know, but I believe it will. No idicators for that, just my gutt feeling.
Off topic, BTG is growing a lot quicker then Zcash atm, despite the much bigger growing hashrate of Zcash.
In this case Price doesn’t follow hashrate it seems
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Like I mentioned already in my post on crypto being backed by electricity Crypto backed by electricity
(these data are no longer accurate), its not the hashrate that matters, its the electricity used to produce that hashrate.
BTG is getting delisted from bittrex on nov. 5th.
apparently, the market believes this is good news.
No, actually it has been dellisted already
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It’s goooooooooone allready idd
yup, you’re right… guess they’re removing the wallets on nov. 5. either way, not sure that’s bullish to be delisted from exchanges.
Its not bullish at all. Price is going up despite of it.
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clownworld! 20 chara
Nah, just the Crypto Space as it is hehehe
IF this goes on, BTG passes Zcash in a month.
You know why they got delisted ?
Yes, BTG was 51% attacked at the start of this year, and some 12000 coins were stolen from Bittrex. Bittrex team demanded that BTG team pays them back, but as they dont have developer reward like Zcash team has 20% of mining going to them.
Anyway you can read it in details here https://bitcoingold.org/statement-regarding-bittrex/
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11 posts were merged into an existing topic: Let’s talk about ASIC mining
woooow… that is new piece of logic over here.
more hashrate = coin worth more.
this is just at another level…
which of these statements do you disagree with?
larger hashrate = more secure
more miners = better distribution of rewards
I think it’s fake volume and bot trading more than anything right now
higher hashrate + more miners = more secure
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Damn it dude, I never said larger hashrate = more secure, i quoted someone else, dont pin that on me.
Lol im sorry if I quoted a quote from you, didnt mean to pin it on you. My mistake.
why is it currently more expensive to attack zcash than monero? also, check-out XMR’s liquidity compared to zcash. look at the 30 day since XMR is doing better today than usual (regular XMR volume is around $25 million daily. illiquid). according to volume; market seems to prefer ZEC by a fairly wide margin. hashrate increase is factor traders consider.
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imo, no high priced coin is “safe” from ASICs longterm. if your coin’s legit: somebody will build an ASIC for it.
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Interesting metric, buy support/market cap
It collects spoof orders which you can see in btc and eth but after that its Zcash (being the 3rd non crap category, 25th overall)
Like i said about bot trading, ya think the $1.56T in btc buy support is uh… real?
care to explain better?
I don’t get what they are calculating and how (I’ve read the small faq).
ok, I kinda get it. It’s the sum of active buy orders.
5M$ in buy order for ZEC seems drastically small (I’ll check on some exchanges later to validate data)