I know, I thought it was kinda weird too, almost like a look at the altcoin casino
I didn’t make it, I just found it! 
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9 posts were merged into an existing topic: Let’s talk about ASIC mining
Give them monetary incentive and they will build an asic for any given algorithm.
They could build hybrid ASIC/FPGA and who knows what.
If bitcoin would switch to ProgPow I’d bet my a$$ off that if would take less than 6 months to deploy some machine that will have strong advantage over GPU.
NOW LET’S GET BACK TO PRICE SPECULATION!
I’d say small rally before sapling (150-160$), decline after sapling(120-130$), and then solid rise till christmas (444$).
The last 20 or so posts should be moved to “let’s talk about asics” topic. The price speculation topic gets watered with asic posts …
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Remember that xmr story about how theyre gonna start policing their own botnets? This is like the inverse of that
Btw the link to their foundation isnt secure
very nice uptick in volume! hitting +$200 million this AM! get really excited when we hit $200M. only the most elite coins do that!
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know what else really excites me? we still haven’t pumped independent of bitcoin, and we now have a pretty good idea where the bottom is. we still have no clue what zcash’s maximum upside potential is. :D/ market still needs to figure that out. i’m sticking with $1,100-1,300 range because they’re pretty numbers.
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Agreed. Several posts in this thread have been moved to: Let’s talk about ASIC mining - #5043 by Lisfin
Please keep on the threads main topic.
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These are pretty numbers and when will this peak arrives?
Volume in coinlib 187mln
…mostly fiat (gotta love those S.Koreans!)… more WON than BTC+ETH.
Wish i could sell Zcash on WEX and withdraw it 
But It seems Zcash is one of the rare crypto you can withdraw from WEX, price atm is 732$
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This is tomorrow morning (maybe today for some of you), both Valkenbergh and Roubini’s testimonies are linked there
Live blog of stock market collapse weeee! Bloomberg - Are you a robot?
zcash dumps would be much more enjoyable if we could actually short zcash on a legit exchange. volume’s still looking good.
Everything is falling…
All stocks bleeding…
volume has increased by $18 million since my last post a few mins ago.
+$22million …very nice!
FED MY LORD → Federal Reserve Board - Recent balance sheet trends
Volume is almost 40% of market cap, holy crap.
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amazing! 20 characte
So it means our rocket fuel tanks are getting filled up and ready to launch?
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Something tells me Zcash is next to be added to Coinbase probably after Sappling. We will see. ZRX had big pump this week.
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Volume > Market cap soon 
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Most of the volume seem to be coming from Bithumb (Korea)
Volume now over 50% market cap
(according to Coinlib)
Pretty strange…
on coinmarketcap all bithumb volume is excluded… maybe bot manipolation?
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Maybe it has something to do with this?
I’m late to the party on the debate over security and hashpower, but this statement is true:
Coin security is directly proportional to miner decentralization; e.g. greater decentralization means greater security.
As far as value v hashpower goes, it would likely be impossible to pull a relationship from the two, but it appears as they have a tendency towards inverse relationships.
How about
Coin security is directly proportional to the mass decentralisation of the ownership of the majority of mining hashing power.
This allows pools to be considered secure, yet mining by hardware producing companies be it AMD or Bitmain is bad.
They have the skills to make an ASIC, they have the skills to have an internal testnet. nothing should be ever “tested” on any mainnet.
I think the hashpower == greater value comes from the old bitcoin days when this idiom was true. Only because at this time, when their was one, maybe 2 major coins then increase in hashpower can be seen as a bullish move, people spending money to mine at a loss, yet excited by this new tech.
This is not true anymore, no matter how many people want it to be.
It has changed to coins per watt. (profit ratios) which it always was, but the initial investments into hardware to mine at a loss - like i did - gave it greater value and increased the difficulty, giving the causation/correlation thing - I think don’t burn me for that. im technical not a trader, so I see things from this point of view.
I have written a couple of decent trading bots, but they all revolve around shapeshift rather than real trade bots. I have the price relationship of zec,btc,eth,etc (to each other not fiat) from shapeshift at 2 minute intervals since september last year (missing a few days here and there. all timestamps are unixtime. I added xmr when they forked to v7. If this data helps anyone, let me know what you like me to look at. I can tidy the database and share it too. it is under 10mb and currently mysql, but I can export to whatever.
If people would be willing to pretend to donate I might make a webpage where you can ask it your own questions. but realistically, this is not going to happen.
Also if anyone from shapeshift.io has a problem with this, please contact me.
In case it is not obvious I know nothing about trading nor anything about these pictures people keep posting. (but I can do graphs and calculus) This will probably be my only post in this thread. 
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I’m just a noob (who lost 80% of his account in zcash). So please tell me - to the moon or zcrash is dead? I’m tired of waiting.
If your tired of waiting sell all you have and come back in a couple of years.
Greedy people only see short term.
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In two weeks i think we will see some up movement, so hang tight
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There is already not much reason to sell. My money had already went to few thousand dollars. I’m just asking. Nothing else. I’m not greedy. I was a kind of zcash fan, who bought some tokens even when it was 300+. And I’m still waiting for zcash rise. But I’m starting to doubt. I don’t see any efforts from zcash team. I only see bearish trend. May be it is in flat right now. So I’m just asking other’s opinion. To the moon or to the $1? (sorry for my english, I’m not native speaker).
Its silly to talk about sale now, knowing it could go to 2000-3000$ in 2020
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Here’s a summary of the senatorial hearing, the picture is hilarious
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Long but intersting article, thx for sharing.
Most noticeable in my opinion is that KYC is not avoidable in future as both parties agreed to this.
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Assuming proper id security like encrypted databases is in place it really shouldn’t matter, and as far as taxation records go people should be paying those anyways
Like in his testimony, the privacy isn’t designed to hide you or your existence from the world like a recluse, it’s designed to protect things about you (mainly your finances) that are actually intimate and private
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Roubini FTW, hahaha. Man, I watched the full debate last night and I hope more people like Roubini represent the other side of the debate.
He was soo ignorant and repetitive and Peter shined bright with such a contrast in quality of discussion.
1 hours flew by so quick and such debates should be more frequent… Politics are slooooooooow
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BLACK DOGE DOWN!
Zcash back to top 20
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Ox in Coinbase, what about zec? 
soon enough
Guessing after Sapling, which is only 11 days away!!
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what up with volume decrease with price rise? zcash works backwards… its magic
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More hodling? I could see volume drops indicating less people are willing to sell at that price. I think that could be a good indicator of the bottom if that’s the case, and that would be my guess with sappling.
I definitely don’t know enough about TA to know if something like that typically occurs, but it could be a good indicator that things are going to begin heading to bull territory again in my opinion.
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Might have something to do with this -
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Here a longer read, but some interesting talk. One of the interesting parts in my opinion is the analyzis that if the centralization had been in the USA nobody would talk about it…
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time for volume/announcement pattern theory to be confirmed??
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Damn, just thinking about how it would play if all these things happened in quick succession… Coinbase, Sapling, Gemini block trades… buckle up.
Actually it makes more sense for Sappling to go first and then Coinbase adding it.
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Absolutely - Sapling makes wallet/custody a hell of a lot easier, willing to bet they’re deep into that right now.
I think arrangements for adding zec to coinbase has been done and adding it to coinbase would happen overnight…but who knows…
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What surge, we barely moved
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imo, around october 31st. zcash engineers/reps will be in san francisco to give a talk at the “SF cryptocurrencies devs” meet-up. imagine it would be helpful for coinbase to have them around if they wanted to add ZEC.
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Slowly moving towards 19. Place
Edit: 19. It is
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We’re #10 by volume (according to Coinlib) 
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4273 blocks to sapling😀
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Apparently there is a lot more longers than shorters for Zcash atm on Bitfinex, so that isnt good. But what is good is that Bitfinex makes only 0.38% of the volume on Zcash, where for example Korean exchange Bithumb (Bithumb trade volume and market listings | CoinMarketCap) makes 66.60%
bot manipulation confirmed, might be as “litttle” as 2 M$
long > shorter
Well i dont know for sure about any bot manipulations, but i do know Korean markets were leading the pump for BTC in 2017
Long but interesting read in my opinion:
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copy cats!
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so what about zcash rocket run in late october? I remember speculations about some update or events which most probably would cause a big commotion.
yep 5 days 14 hours to go
And 3210 blocks to go…
I personally doubt it will have any bigger (if any) impact at all.
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What is the block number for the Sapling deployment? I want to plan a party 
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419200 - we’re almost there
(Edit: Expected to happen October 28, 2018 22:41 UTC-03:00… more or less).
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I was calculating too, that blocks are moving faster … lets see
Edit: if there gonna be pre sapling pump, it should happen any day now…
There might not be a sudden pump, but slow growth as people notice sappling improvements. But there will probably be a sharp pump if we get added to Coinbase.
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Interesting
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This is silly
" FISCO BCOS is described as a set of applications aimed to serve the general public. Per the release, the main strength of the new platform lies in the speed of transactions per second (TPS), which is expected to reach more than 1000. FISCO also claims its blockchain will use Byzantine fault tolerance protocol and also support Zero-knowledge proof.
The consortium stresses that the blockchain network will also contain “observatory” nodesthrough which regulators and auditors would be able to monitor or access data whenever needed."
LOL Serbia the land of whales
Yeah if you look a the past 7 days they’re pretty problematic areas (except St. Helena which is just a volcano in the middle of the Atlantic)
Also last night, this is fkd up
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Oct 24
At 21:50 its about data privacy regulations, interesting
Value of daily mined (miner revenue) Zcash now exceeds BitcoinCash (not bitcoin sorry!)
… are we going to do BCH vs BTC again? 
So… do we see some pump soon??
I think you meant to say Bitcoin Cash (BCH) not Bitcoin (BTC). That puts Zcash at #3 behind Ethereum (#2) and Bitcoin (#1).
With issuance yes, ill look into what this implies exactly (also its bch, sorry )
It says
“Value of Created Coins (VoCC) is the USD value of new coins minted on a given day multiplied by the opening price on the same day.”
whereas issuance on Onchainfx.com says
" New Issuance, 24hr USD
This is the value in USD of the newly issued coins in the prior 24hr period. Data sourced from coinmetrics.io."
They get that from the same site we did so Im gonna trust the source on this one (though they are the same)
Todayz a goofy one apparently Ill see yall tom! : )
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What about transaction fees? Will they reduce like with Monero ?
I am seeing that sell volume increased, any idea why ?
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Im seeing too, that we are sinking not pumping…
Only thing that I found that could be related is this Bithumb Suspension for pre fork deposits and withdrawals, as Bithumb has largest volume for Zcash
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They have never been high so not an issue and the default is 0.0001 ZEC and still will be.
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Sure now when its bear market, but what about when bull market comes ?
I thought you were specifically talking about Sapling, which as above doesn’t affect this at all. As for the wider issue of fees it’s been discussed say here: Reduce the default fee as fiat price increases · Issue #2863 · zcash/zcash · GitHub and seems that the preference is simply to reduce them in ZEC terms when the time comes.
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0.10 cts if zec at 1000$
And 1$ if zec at 10000$
Seems pretty fair
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Little news flash about Sapling
Its the not value of Zcash that worries me, its that it wont stay 0.0001 ZEC during bull market, as the network will be much more congested.
I would consider this to be 100% A Good Problem To Have
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101% agree on that!
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Blocks are 2Mb and a long way from filling up, here’s some stats -
https://bitinfocharts.com/comparison/zcash-size.html
Think it’ll stay cheap & fast for a long time yet, BOLT/CODA/etc will have matured nicely by the time we need it.
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Good developer looks to solve probleme before they appear Also last thing i would want with my Zcash is to feed ASIC miners with the fee for transaction 
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Fees for transparent transactions behave the same way they did in Bitcoin 0.11.2 (there has been no change to the inherited algorithm).
Fees for any transaction using z_sendmany have no algorithm, and always default to 0.0001 ZEC. You can technically set whatever fee you want (the RPC method has a fee parameter), but I strongly recommend that you don’t, because non-standard fee behaviour is very identifiable and leaks information about the wallet used (if the fee-setting is automated) and/or the user (if set manually).
If we ever did implement some kind of fee algorithm for shielded transactions, it would only be based on publicly-available information (thus not increasing the amount of information leaked), such as the size of the transaction or the number of shielded inputs and outputs.
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358 blocks to go, seems sapling does not have any mayor effect on price🤔
Seems like people dont care about technology, and most are gamblers buying in on hype and FOMO
I recall saying this was not a pumpable event. 
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It should be, its been 2 years in the works, and compared to for example when some coin is added to binance, its a big deal.
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I hoped it were pumpable, but maybe after sapling coinbase will list zec, then it should be pumpable.
curious what you made you (correctly) think ZEC wouldn’t pump.
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this is what i think the main problems is: [quote=“kek, post:4486, topic:16488”]
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.
[/quote]
noticed 1 coindesk article on sappling. mebbe they have a plan to perform much more outreach post sappling …i hope
Because only the people who care about this project care about Sapling. I felt as though this was all about raising awareness and usability for the network. No one is focused on price. The average person - when approached about fundamentals of money - likely thinks fungibility is a type of magical mushroom.
It’s a dumb market - headlines like “Zcash xyz-upgrade scales to Infinity” yields pumpable events or “faptube makes deal with privacy coin”.
The chart told me too.
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I’m pretty sure that many major news outlets will be covering this next week. Weekend readership is always low, and Sapling activation is late tonight so I expect next week will see alot more press.
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I kinda agree, few weeks back when Vitalik just mentioned using zcash technology, price pumped to 0.023
Volume is back over 50% market cap, which is nice for a Sunday. Next couple of days will be interesting.
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side note - believe we’re going to pump. was only surprised we didn’t pump pre-sappling.
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One of the reasons i don’t think sapling won’t have a positive price impact:
It was explained that to take advantage of Sapling, users will need to migrate their ZEC holdings to “Sprout” wallets, which will reveal transactional data in a big privacy “no-no.”
taken from:
https://ethereumworldnews.com/zcash-zec-meets-monero-xmr-bulletproofs-with-sapling-protocol/
Now it would be a different story if for example sapling would work on cellphone wallets with full privacy, but just sapling in it’s current state, no way. I agree that it’s an interesting and good upgrade with maybe a bright future, but until these features are accessable for the wide masses it’s nothing to excited in my opinion. Sorry that i have a different opinion on the price movement for sapling but i’am not a fan of hypes and pumps.
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??? what do you mean?
Adoption is muuuch closer now.
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All of the consensus protocol support needed for that is in place now that Sapling has activated successfully. It’s okay to be a little impatient (we are too), but really, that was the hard part.
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I’am no way impatient. I just argued why right now the sapling improvement mostly won’t have a price improvement while most awaited it will give ZEC a pump. Hence why i said, when in future the real improvement like cellphones happen it will be a different story, but not yet now. Just my opinion of course, i would be wrong with my prediction.
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I agree, I don’t think Sapling will have much of an impact on Price (since this the Price Speculation thread)
But Sapling is just the first step, a major milestone has been met and passed. Now it’s up to the pools, wallets, exchanges and Users to begin to take advantage of what Sapling enables.
That part of the article is misleading. To migrate your funds from Sprout to Sapling you do have to send through a transparent address. But that does not mean you have to make a compromise of your Privacy.
For example: I have funds stored in a Sprout Z-address and I want to send them to a Sapling Z-address. I can generate a few new T-addresses and a new Sapling Z-address. Send various amounts to the different T-addresses at different times, then send from them to my new Sapling address.
The studies that have linked user behavior rely on linking amounts sent through the shielded pool T-Z-T. If you send Z-T-Z as I described above it would not be possible to correlate which transparent addresses originally funded the Sprout Z-address so transaction Privacy is maintained.
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In the scenario you describe don’t you reveal the amount the original sprout Z adress did hold after you have to transfer everything out with different T-adresses? Somehow reminds me even about mixers.
However, it don’t think there is any doubt that this is far from perfect right now or Zcash wouldn’t work on a patch at all:
Nowhere in that article does it say they are working on a “patch” (other than the misleading headline). The Developers are working on a tool (something like a one-click migration) to make it a simpler process to do something like I mentioned above:
We are developing a tool to automate the migration of funds in a way that allows users to minimize the impact on their privacy. We recommend that users wait for the release of this tool, if feasible.
But even now you can make the transition without losing Privacy, you just need to take a few extra steps.
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Come one, for the average joe it doesn’t matter if it’s a patch, a tool, a fix, an upgrade, an update, whatever, that fixes/improves a given thingie.
Just to make things clear, i don’t want to make sapling bad, it’s great actually, but as said allready, in it’s current state it’s nothing we should await whatever long term price increase until it’s really functional as it should with further improvements developed.
StarkWare closes $30M Series A led by Paradigm | by StarkWare | StarkWare | Medium damn son where did you find this?
Wasn’t Starkware mentioned some months ago? IIRC, it was. I think ZCash has invested in it…again, IIRC.
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Everything is in red today, zec with -6%
I said this earlier and I will say it again. When the ASICs took over, they pushed out all the GPU miners. I know with the limited quanities of ASICs they did not get replaced 1 to 1. With all the GPU people leaving, I would say we lost atleast 80-90% of the community who actually used ZCash right now.
With crypto being so new still and not many people even know there is more than just Bitcoin, there is very little consumer demand for ZCash right now. The people who were trading and using ZCash were the miners, who most of us left for other coins after ASICs were accepted.
Now with most the GPU miners who cashed out and, with alot of the ASICs selling coins trying to ROI on their investments before they stop making money. I didnt think the upgrade was worth losing your community over. This is why I said earlier, demand for Zcash is going to be low which will effect its price.
Im sure sappling is a great upgrade, but you already lost your community…who is left to enjoy the upgrade. Hope it was worth keeping 10-20% of your community that purcashed a ASIC to continue to support ZCash.
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but you’re still around…
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and still spamming asic crap in the price speculation thread…
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Any ideas what has pushed Zcash trading volume up the charts in the last 24 hours or so?
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I’m just going to say that we’ve all been pretty patient and I think it’s about time we had gains again.
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So @kek, we need your thoughts to keep motivated😀
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Sorry! Old Debbie downer Autotunafish here
I imagine it applies to crypto too
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I doubt this is happening with crypto in the way he is talking about. The reason this is happenign for the stock exchange is because all the exchanges are in the same location, within miles of each other. People have added their personal fiber optic cables to the exchanges to increase the speeds over the compeititon so they can beat your orders time. The speeds he is disussing, less than 1 ms, would not work the same globally.
Also when you make a purchase on a crypto exchange, you are purchasing your crypto from the exchange. You are not setting a buy order that is broken up into 13 smaller orders that are sent out to be filled at many exchanges, like the stock exchange setup does and the system he is describing in the video. Currently when you make a purchase, you are sending a buy order to the exchange, you do not send them elsewhere to be intercepted and purchased ahead of you.
The crypto exchanges are not all located in one area, or even one country. So the infrastructure he is talking about being used to cheat the stock exchange does not currently exist for crypto.
How many times have you went to purchase crypto on an exchange and got what was listed? In the video he talks about how its impossible for even top investors to get the full order they sent in on the stock exchange. I have never had a problem filling a order that was listed as available with crypto.
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Seriously what Barry said.
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Love should not be involved when making a decision about investment.
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About prediction, imo we see some up movement after december second half or january, but maybe im wrong…
Edit: Because Bakkt and Fidelity are launched, then thing could be better.
And volume in coinlib is over 407mln
Hehe CNBC is my favourite counter indicator
When they say sell, you buy, when they say buy, you sell.
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Volume is still near 400mln
since end of july/start of august zcash 24 hour volume has been greater than $100million on average. ZEC market cap $600 million …imo, there’s no such thing as a cryptocurrency market being that efficient, naturally. something’s gotta give, soon.
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Seems its like a volcano ready to erupt, but nobody really knows exactly when.
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last 3 months zcash has achieved billions in volume. ZEC’s paltry $600million market cap is pretty incredible, tbh.
Only thing that can possibly make it erupt other than all out bull market, is adding it to Coinbase, but many think BAT and ADA will get added before Zcash. We will see. Price could go to over 400$ in case of it being added to Coinbase.
The question is: how much of that volume is legitimate?
I would estimate less than half. LBank is suspected of faking volume on the order of 4000x, and it has represented over half of ZEC’s daily trading volume for a few months now. If most of the volume we’re seeing is just wash trading, then that would partially explain the lack of upward price movement.
I hope not, but it seems Coinbase has questionable motivations for which coin they choose to add.
The release of the mobile reference wallet is a much more exciting development IMO, which hopefully gets people actually using ZEC and storing it off exchanges in proper z-addresses.
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fair point, but if we cut volume in 1/2, would still be billions of $.
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dunno, thinking coinbase would be better served by listing a more liquid alt next.
The $100 million volume looks legitimate. CoinMarketCap lists it at $100 million. CoinGecko and CoinLib have it around $400 million and ZEC was ranked 4th in total volume ahead of Litecoin and behind Ethereum when it went above $500 million last night!
LoL they were right x.com
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at this point; not sure being listed on coinbase will be too big of a deal for zcash. ZEC will get a small bump, but nothing like i was expecting. being listed on coinbase is being cheaped by every new coinbase addition. too bad, and starting to believe the “zcash is cursed” meme. oh well.
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Nah, Zcash pumps differently due to low circulation. Once resistance levels are gone, it pumps in 3-4 waves.
Sentiment is really low in the forum, guess I should buy more.
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Coinlib volume over 507 mln
I don’t know where you get your info. This are weekly charts for USDT-ZEC and BTC-ZEC on Bittrex, which imo could be considered as average exchange. If there is any growing interest in zcash, then it should be visible on all exchanges I think. But what I see here is continuous decrease in volume just like with all other coins.
look at average volume across all exchanges, not just bittrex. one exchange is a poor representation of ZEC market’s general health.
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Were? On tradingview.com ? I agree that one exchange can possibly not represent the whole picture. But if you take few exchanges then picture would be much more reliable. So if we look at BitFinex, Poloniex, Kraken will picture be different then? I doubt it will.
Then where exactly did you get your optimistic data? I doubt your source is reliable and not manipulated. Because from what I see now - situation is ugly.
You brought an example from bittrex that has less than 1% of ZEC volume and you doubt that adding other data would be useless?
[Moderation edit by @daira: deleted personal attack based on browser choice. 
]
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johnwisdom - you are becoming one of my favourite users.
those conclusions, lol
Vol. = almost mkt. Cap
Market has turned green and BCH being pumped nicely…
Amazing volume, if resistance level breaks we’re off to the races… just my humble opinion.
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Volume > Market Cap 
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As I see it it’s more likely fake volume and manipulation than real interest. Look at volume on yobit. As I know it is marginal exchange with very few users held by russian mafia. It’s not a real interest in coin, otherwise we should see growing volume on majority of exchanges and growing price. Even if it’s not due to adoption and growing popularity it’s still better than nothing. But I really doubt that it worth celebrating.
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now it’s the russian mafia faking zcash volume? i like conspiracy theories. thinking you should offer some proof for this.
wish the russian mafia would stop faking zcash volume, and start faking a higher exchange rate. don’t enjoy watching ZEC underperform XMR, and dash.
Yobit founders are russians. It is impossible to do such business in russia if you are not close to FSB (russian analog of CIA) and higher-ups. Those who rule russia are gangsters and thieves. Putin is demon from hell. Which other proofs do you need?
okay, we’ll exclude yobit’s $5million 24 hour volume.
I really don’t know what is going on on Yobit. I only know that it’s a desolate site where even birds don’t shit. Owned by some muddy fellows. And suddenly we see some ultra volumes there. Don’t know what to think. But it’s definitely not a sign of zcash rising popularity.
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tbh, you’re not convincing me, but that’s okay.
Look at it this way. Bitcoin can be tracked (whether it was from drugs, weapons trade, hackers etc.) and they needed a way to hide the money. Send it to a shitty exchange that doesnt check for anything, buy privacy coin send a private transaction and you are off the radar.
May be I hope we’ll finally see zcash bullish trend. Current situation can not last for long. May be we even see some changes to good or bad before December.
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Chinas got lotsa clamps
I haven’t paid too much attention to BTC markets with ZEC. I was surprised to find some bullish harmonic patterns. Here’s a bullish bat formation on Binance (along with some nice divergence on the RSI):
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Lets hope it is
Yobit is the worst exchange ever i have joined so far ages ago and i doubt anything has changed since that.
I wouldn’t not wonder if everything there is faked, a scam, whatever.
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Open your third eye: https://twitter.com/GerardWalker5/status/1059197488186318848
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Damn man, I can only wish for such Zcash growth in value
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Sorry off topic, i recommend watching this (2 part)
Update
Oh yeah just in time…
More meddling, not FB related this time
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strong price action!
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I was just getting ready to post about the (as of this posting) 7.9% increase in the last 24 hours
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The writing’s on the wall you guys
All we need now is the skinny Russian guy to say something nice… or Coinbase… would be happy with either
zooko on cnbc this week will be interesting
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So anyone that has read my posts in here knows I’ll be hodling ZEC for the foreseeable future. With these discount prices, I’ve been slowing re-upping my position in BTC and ETH (since I sold what little I had last year), but as I do so really feel that I’m missing an opportunity with ZEC.
For others in my position (I don’t trade much), what % of your portfolio do you have dedicated to ZEC? I really want to be buying some, but I also feel the need to be diversified.
Edit: Quick maths has me sitting at around 20% in ZEC currently, which is down from about 50% before I started re-accruing BTC/ETH over the last 2-3 months or so. (Crypto portfolio only)
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90% ZEC, 10% BTC - not really interested in other coin.
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This was my portfolio Fall 2017.
I now only own 2 coins/tokens.
$ZEC is heavily weighted
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Thanks ChileBob and aeonglacial! Very helpful! I think I’ll probably start heading that way with two.
ZEC 85% - BTC 5% - ETH 5% - 5% other altcoins (ada,eos,lisk,vibe,mana)
I guess you trade for a living?
ZEC FTW
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HAHA no im a poor man’s data scientist
Thanks John! I was worried I was a little too heavy at 50% before I started re-accruing BTC and ETH, but after the responses I’m thinking 50% was probably about where I should have been. (I’m a bit more risk adverse and like to diversify, otherwise the 90-95% would be where I would be sitting - shows I’m low at 20% though).
Nice portfolio for that mind sharing the other coin/token your holding aside from ZEC?
Fat bag of Aeternity.
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Looks like I have something to read up on later - thank you!
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Be careful ysing those dapps
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Don’t worry, nobody is
Looks like a breakout
I will consider it a breakout if we pass 0.022 BTC
It if passes 0.025 BTC I’ll open a bottle of something expensive.
I got you man, one of most expensive liquids, cobra venom bottoms up
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…I’d prefer a beer
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Then I would suggest a German beer
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0.022 sooooooooooooooooooon
whats going on, only we are moving?!?!?!?
Nothing obvious (yet), all I can find is the ETH guy said nice things about zk-tech again.
Wild speculation - maybe the beginning of Coinbase doing something, or perhaps folks starting to understand what Sapling enables. Zooko did a thing with CNBC that might’ve aired (dunno, we don’t get that here in Chile).
(Edit: Smelling pistakes)
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About 950 million in volume on CoinGecko. Even CoinMarketCap is up to 150 million+.
Is there any info on when Zooko was supposed to be on?
Listen to this in the meantime Episode 50: Zooko talks Zcash on our 50th episode - ZK Podcast
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This price increase can not be happening… ASIC have destroyed the Zcash market and price rising goes against all arguments!!!
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Like i said unless it breaks 0.022, i dont even consider it a breakout. This is the real resistance level, next big one is at 0.031 - 0.032
nice to see ZEC finally starting to get some love from the markets! coinmarketcap reporting (roughly) $170 million volume …this makes good ole kek very happy!
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This topic gets again watered with asic and personal attacks. Shouldn’t it be stay just clear to market and price?
Seriously, there are about 100 ming topics around, why watering and poisening this one too?
I really hope some moderator/admin takes care of this as it’s really annoying even for a miner to read everywhere the asic mix posts, what’s left for investors, traders and ZEC believers…
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This thread is about all “Price Speculation” and factors that could weigh on market sentiment. As long as the post relates to the topic it’s not violating the Code of Conduct.
Many users, yourself included @boxalex , like to take hard positions on topics. If a user addresses some of the positions another user has taken in the past (even to point out that they were wrong) I do not consider that a personal attack . That’s just part of normal Forum discussion and as long as they are discussing positions or ideas they are not in violation of the Code of Conduct.
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wonder when zooko will be on CNBC. if it hasn’t aired yet; have a feeling that interview might happen around the time coinbase officially lists ZEC (any day now).
perfect storm - coinbase lists ZEC - CNBC interview touting coinbase listing. my body is ready!
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ayyyy @zooko did CNBC tell you when your interview was going to air?
The daily chart definitely smells of some sort of news event. The RSI is crushing it on the daily, the MACD and Price hasnt even responded yet.
This chart looks very similar to ETH before it broke out in Jan 2017.
I dont think he reads these posts very often, but you could search his tweets
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i think zooko’s cut off Z on his twitter profile is his hint hint wink wink for
1 zec = 7 btc
ezzzz
That would be nuts!
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I’d just be happy that 1 ZEC = 1 BTC…not greedy (much)
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Id like even 1/2 BTC at first😁
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Altcoins are still predominantly red as the selloff continues during the morning’s Asian trading session. There is only one beacon of green in the top ten this Friday morning and that is Stellar up over 5% to $0.263. The big airdrop from Blockchain.com appears to be driving momentum for XLM at the moment. The rest of the top ten are falling back with Monero losing the most at 3% to $107.
[
](https://s3.amazonaws.com/main-newsbtc-images/2018/11/09063528/zcashchart1.jpg)
The top twenty is also completely red aside from Zcash which has made 5.5% to take ZEC to $135. Trade volume has jumped from $110 million to $170 million with the majority of that, over 80%, on Bithumb in KRW at the moment. South Koreans are loading up on ZEC this morning. Maybe all the recent talk of zk-SNARKs has revived interest in this privacy-centric altcoin. Dash is the biggest loser shedding over 4% to $163, and the rest are falling a percent or two from [yesterday’s levels]
taken from Cryptocurrency Market Update: South Koreans Keeping Zcash (ZEC) Climbing
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Actually i heard XLM was getting added to CEX
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When BTC starts having addresses blacklisted by exchanges there will be a rush toward more fungible coins with real utility. That’s why I think we should push for a more opaque network, sooner than later.
I’m guilty of only using public addresses thus far (mining to). In the future having a chain that operates with coin equality as a default principle will be huge for the price.
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really don’t know why people still support twitter. pretty sad, imo. Twitter 'gave Saudis information about journalist who ended up dead' | Metro News
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Volume is huge 700mln and mkt. cap. Also around 700mln
Edit: vol 745mln mkt 710mln
At these levels supply could really start drying up, looking good
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Well the indicators have sure cooled down, we are no longer in overbought RSI.
Volume has stayed high & its early morning in South Korea…
If we assume Insiders are already trading on which coin gets added to Coinbase next, its probably XLM
This makes me think, no big rally this year…
I think Bitcoin will have a small rally up to 9000-10000$ this year, we will see what happens when Bakkt starts trading
Me personally isn’t counting on a big rally for this year for months now. Soonest real rally i await is in spring 2019 but more likely to happen in 2020, but that’s just my personal opinion.
Sooner or later, sun will die, and with it all life on Earth
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Nice uptick in the last 45 mins…
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Right on the 50-DMA (20 char)
Yeah seems they finally put zooko interview on Ethereum 2.0 is going to $1250. Here is why.. - YouTube
starts on around 20 minute
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seems-like everytime ZEC starts getting some love from the market; BTC starts acting spooky. stahp acting spooky, bitcoin lol
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Its not BTC, its the resistance at 0.022, its really strong.
have a feeling ZEC is about to go full beastmode
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…goes to put a bottle of something expensive on ice.
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Im ready to face this beast😉
Totally agree - I’m hoping for a bit more time to accrue, but I have a feeling it’s just around the corner.
Remind me to sell when you have this feeling again
shake-outs, imo. very violent!
just thought of something, and feel i should repost this - please don’t make investment decisions off what i feel! [quote=“kek, post:6, topic:21150”]
i’m a longterm investor, and don’t want people thinking i’m a top day trader! but that’s how i honestly feel! welcome aboard! it’s a lot more fun around here when the market isn’t tanking!
[/quote]
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… puts cold bottle of something expensive back in the cellar & opens a can of beer.
‘Mañana’… as they say here in the colonies
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No words…
Well, the volume is so minimal that it doesn’t matter. Coinmarketcap needs to update their ranking algorithm to exclude things like this. At peak, the volume was less than 100k
I think we are headed that way still, but as you called out, I’m also in it for the long term and have no plan of trading swings, just looking for the buy opportunities to accrue what I can (which is negligable). I think it’s safe to say that everything in this thread is speculation, or a personal view, and should not be taken as professional investing advice. (Although I’m sure like myself, others probably appreciate the opinions of others in the community)
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doesn’t look too good taken some of the indicators mentioned, maybe someone can/will calculate the other indicators/ratios mentioned as well?
Transactions last 24h: 3,659 (compare, last time over 10,000 at July 20th 2018
Transactions avg. per hour: 152
Some more interesting ZEC charts:
Zcash Mining Profitability
Zcash Transactions
Active ZEC adresses:
Payment Count:
Average Transaction Value/USD:
Median Transaction Value/USD:
Network Value/USD:
Price to BTC:
ROI monthly:
Value of created Coins/USD:
Total daily Block Size:
Kalichkin NVT
NVT (bullish <15, bearish >25)
Inflation (%)
Sortino Ratio 90
Average Fee currency units
Median Fee / USD
Average Fee / USD
Exchange Volume
Volatility of daily Returns 30days
Volatility of daily Returns 60days
Volatility of daily Returns 180days
Adjusted Transaction Value
Average Transaction Value / USD
Median Transaction Value
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Seems bears are back…
People are playing musical chairs with alts. BCH opened a flashy casino, and it looks super crowded right now.
BCH debacle happens tomorrow so probably just that.
I love the excuses this community tries to think of, but the truth is supply is greater than demand.
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2:45 PM central time XBT futures expire.
“excuses” …this is called the speculation thread for a reason. ATM, we move with bitcoin.
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BTC sure, but members above mentioned BCH like it has influence on Zcash price.
BCH can influence BTC, and BTC influences everything, so yeah, I think their hardfork is making itself felt here. Just my humble opinion of course.
…either that or the market gods granted @Hairdawg his wish to accumulate more
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That they did @ChileBob - gotta love when the market gods are on your side haha!
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; ) it’s official …hairdawg ruined our rally
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Pretty big bloodletting out there
almost-like when XBT futures are bearish, BTC’s moving sideways, and CBOE’s contract’s expiring the next day; never a good thing (if you’re a bull).
Wonder what happened around June that made more than 65% of the active address stop being active. Ohh I remember it was ASICs… This is why I said price for ZCash will not boom anytime soon. We lost 80% or more of the mining community on the switch. Less people using it, less its worth.
Active ZEC adresses:
Payment Count:
Odd how at the same time near ASIC release, average fees shot way up
Average Fee currency units:
Median Fee / USD:
Well looks like Zcash doesnt have a lot of weak hands left, price is holding pretty good for this big BTC crash.
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The default fee is 0.0001, just so yall know
Unless of course you’re transacting in the $10,000 range on the norm then a $10 transaction fee doesn’t really seem too unreasonable especially if you want it to go through quickly
It should be noted that those sorts of transactions probably occur mostly on exchanges where privacy protection at the personal level isn’t really observed past pseudoanonymity
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Sorry everyone! The accumulation will pay off in the long run!
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Those are interesting graphs…the writing was on the wall well ahead of June. Yow…this bloodletting today is disappointing.
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hmmm looks like ZEC to 40 still a possibility
S.Korea wakes up soon (5:30am right now), think things are about to change.
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Let’s hope you’re right…
Remember everyone, life is a marathon, not a sprint. We may look back on these posts and wonder why we were so worried.
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If we see zec 40, then some others turn to zero😎
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We need some of these scams to go to 0
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It’s time for some words of wisdom…
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Any comment on the current price?
Pull back before the bull!
12 december bakkt open its door.
if( ZEC <= 40)
buyAllTheZec();
else
buyAllTheZecAnways();
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Would you type out those functions please?
You missed these transactions @BrunchTime where they are sending BTC to the binance.
BCH fork war is about to start, it will be bloody for all, and the side with more resources will win. They are prepared to risk it all including these 200 000 BTC, and 50000 BTC which they sold yesterday already. Each side will try to have the upper hand in hashrate, and raising their fork’s price will attract neutral miners to their side from BTC. If Bitmain decides to sacrifice Zcash holdings to get the upper hand in the upcoming hash war, dont be surprised when price drops.
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Love the drama. Thanks for scouting those tx’s!
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…damn, going to need more popcorn, this is promising to be quite a show.
Not sure about ZEC holdings being used as ammunition in this war, they’re small compared to BTC/BCH reverves but will interesting to watch.
Buy orders ready & beer in the fridge… bring it on.
ZEC under $100 is a steal. Not saying it can’t go down to $50 by next year, but I’ll take my chances.
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With sincere apologies to The Beatles & Sir Paul McCartney
[Verse 1]
Yesterday
All our profits seemed so far away
Now it looks as though they’re here to stay
Oh, we believed it yesterday
[Verse 2]
Suddenly
We’re not as rekt as we all used to be
There’s a big moon hanging over me
Oh, yesterday came suddenly
[Chorus]
Why it went so low
I don’t know, no one would say
We went, really long
Now we long for yesterday
[Verse 3]
Yesterday
Trade was such an easy game to play
Now I need a place to hodl away
Oh, we believed in yesterday
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^ wins the crypto space today ^
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The bulls are at the gates
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I think Coinbase add is today or tomorrow. Lets see if I am right.
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interesting article
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Actually I changed my mind, I dont think Coinbase will add new coins until market conditions improve.
dash is back within our crosshairs… all we need is a little news to permanently take exchange rate. ZEC exchange rate has held-up comparatively well during this current downturn.
It does seem Zcash holders have stronger hands than most.
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Not sure if this is really true:
Some stats Buyer/Seller relation for most of the top coins divided in groups:
BTC as the meassure:
BTC: 34%/66% across 73 markets
POW coins:
ETC: 21%/79% across 38 markets
DOGE: 21%/79% across 10 markets
DASH: 22%/78% across 33 markets
ZEC: 24%/76% across 25 markets
XMR: 24%/76% across 19 markets
LTC: 24%/76% across 44 markets
ETH: 27%/73% across 55 markets
POS/POA/POS like coins:
TRX: 26%/74% across 31 markets
ADA: 29%/71% across 21 markets
PIVX: 30%/70% across 5 markets
NEO: 34%66% across 30 markets
XTZ: 35%/65% across 10 markets
XLM: 37%/63% across 24 markets
EOS: 38%/62% across 36 markets
VET: 40%/60% across 10 markets
IOTA: 43%/57% across 14 markets
ONT: 43%/57% across 11 markets
One possible conclusion with this would be the POW coins in generally are forced to sell to cover costs while POS coins aren’t, hence we can witness less sell pressure on these.
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thinking ZEC downside price discovery is pretty much there. continue defending $100 levels like we are; we’ll be looking pretty once BTC finds her sea-legs.
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Depends on how much more fear comes from BCH silliness, thats pulling BTC down & everything else with it.
At the rate its going I dont think we’ll have to wait long, if one (or both?) implode we’re in for one hell of a bounce.
Remember when ZEC traded at 0.046 BTC? Wasnt that long ago & BCH hit that yesterday.
looks ok for BTC, can you make the same graph ZEC/BTC to see what to expect?
Im going to work right now
below 100 now …
Bitcoin is tanking, only way to stay at 100$ is for Zcash to increase BTC value.
just watch who bricked asics off, btg.
i think zooko has to have another video chat with bitmain ceo, maybe he can try to negotiate 6month asic protection instead of 1 year, who knows… Chinese known to be generous
BTG? You are kidding? ~99% fake volume, this coin is worthless and the last thing i would use BTG is to compare whatever.
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i totally agree, coin itself is total **** compared to what zcash used to be.
considering this - it is getting better, while zcash is getting worse.
There is no getting better in the case of BTG if the price and volume is fake … one excludes the other automaticily mate…
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do you have any proof that btg volume on binance is fake?
BTG volume on Binance is real, it’s exactly 0.25%.
The BTG volume on Bithumb is fake, it’s 98.57%
some more for BTG:
Bitfinex: 0.24%
P2B: 0.22%
Hitbtc: 0.16%
The rest of the exchanges like Huobi, OKEx, Sistemkoin and many others have about 0.01-0.10%. It’s clear that the BTG volume is pure fake, hence the price as well.
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it’s 0.25% if you compare to bithumb. but you just don’t do that. bithumb is not a marker.
I know where to find that information, thanks.
fact is, that most of zcash volume comes from China. most of the miners are from there too. price is falling, difficulty rising.
Take away the Bithumb volume and no volume at all would be left for BTG, if you think the price would be still the same without that mega fake 99% volume, ok so it be, but i’am pretty sure it will hit the ground fast…
My comment is not related to Asics or ZEC, just about BTG and this Titanic coin shouldn’t be used for whatever comparison, use Monero instead, at least real volume and price, or whatever gpu coin that isn’t 99% manipulated and faked.
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Breaking 100 was not good news to see today, especially when it was 113 (as if that’s good) yesterday. And to think it was 700+ not even a year ago…
If any publicly traded organization suffered such disastrous drops in share prices, the executives would be dragged out in the streets and humiliated as imbeciles. @zooko - hello?
Can we just vote with our wallets, to do an emergency fork from ASICS right away and not wait for end of next year?
For example there would be 3 options:
- Do an emergency fork,
- Stay on ASICS
- Wait for a year and then fork.
Everyone would send 0.01 Zcash, and balance from which address you are sending would determine how much % your vote counts. Hidden addresses would not be allowed, as we cant see their balance of course.
At the end of the vote, a script would check balances of all addresses that voted, so voting from one and moving zcash to another address and voting again would not work.
What say you
I’d say, that should’ve be done in May!
Count my vote in for transparent voting.
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You miss some things here in my opinion:
- first, it doesn’t include the blossom upgrade that was decided allready with 2 chains, 1x Asic, 1x GPU.
- second, it should include a POS design as well to get rid of the flawed by now POW in general.
- third, maybe it should include a CPU mining algo like the current Pascal randomhash as this would be really back to the roots.
- forth, it wouldn’t change much in my opinion, the large ZEC holders by now are the large ZEC mining facilities. I guess their daily ZEC income and holdings are more than our all ZEC accumulation for the last 6 months.
-fifth, without POS there is no really need to hold your holdings in the wallet, hence only a minority would vote anyway. I guess a lot of ZEC is currently hold on exchanges and of course, see point 4. - sixth, without having POS and having peoples real interest in having their funds in the wallet every bad or interested actor, for example Bitmain or Innosilicon could temporary buy/accumulate large holdings just for the purpose of voting. As their is currrently no benefit for the normal average joe user to hold his ZEC in his private key wallet (you and me and the miner next corner don’t really count) it’s an easyness for interested parties to buy in large stakes for voting and nothing is there to counter this (POS holders for example!).
While i’am all for transparency voting with wallets, it should be even a must for every coin that has the word “decentralization” only once mentioned in the white paper, it won’t really work without POS or some similar design.
bro, do you personally have working POS algo? if answer is no, please stop saying like it is a real option.
If its ready, it should also be an option
Yes, this should also be offered as an option to vote.
I doubt anyone would vote for this one.
Yes, you could be right, this should have been proposed in May.
All this added, there would need to be second voting, to vote between 2 leading options.
my mom just told me she’s averaging down her cost today. mom’s straight-up gangster lol
thinking i’m going to catch a falling knife @ sub-$100. going to average up my cost. 2nd time i’ve done that to my bullet proof zcash positions.
reference! mom’s a bag holder, but not after today, hopefully kekekekek
almost like we’ve been here before, but with much less volume
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smmfh …i keep screwing up the quotes… this irritates me on a level i simply cannot explain via words. now my whole day is ruined.
[Edit by @daira : I fixed the quote for you. It needs to be on a separate line.]
edit: thank you @daira !!
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Do they have a working blossom and dual mine option yet? No, but it is planned … Do they have a working gpu algo with Sapling, overwinter and all the other new things? No, they don’t have. No general differnce at all… POS isn’t an issue and option anyway, so calm down… Getting rid of asics won’t be an issue either as it’s allready decided to do otherwise … see Blossom…
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Now, in the middle of this bleeding, prices are so low and tempting to buy more…
…think we’re still waiting on Hairdawg & Kek’s mom…once they buy in we’ll moon for sure
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Weekly BTC has never been over sold on the RSI. BTC to 2800
504 error on krapen…seems they improved their connections…last year at this time it was 504’s due to buying…we can only hope!
$95 on Kraken…
If my calculations are correct, when this baby hits $88… you’re gonna see some serious shit.
Btc under 5k 20 char
Xrp is holding surprisingly well😐
entire market.
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there goes 110 seconds of my life I’ll never get back…
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I’m waiting for sale 99% off on Black Friday. hope so…
down to 92-93$ …
I lost almost all off my savings in crypto and i really hope crypto die not because i lost money but because i hate ASIC and infinitive people greed that i want so much crypto to fail totally …centralised crypto has no purpose at all except to make few people rich and many with out their money .
Zcash start great ,decentralised ,no premine …i had biggest hope in this coin …and then fail miserably …i have no hope in anything in crupto world and really cant say anything good to people who are not in crypto world.
If coins were in million hands in small amounts this giant price manipulations would not be possible
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So I guess Warren Buffet and Jamie Dimon were right?
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down to $84 now … doesn’t look good at all.
Its so f…d i have no words…
Hard reset is it!
Let’s look at the bright side: zcash is at rank 18 now
Don’t surrender guys, we’ll get back up!
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As long as the Hashwar goes on, All Cryptho’s are on hold.
I wonder if Bitmain sells Zcash to provide for the war, I know they sell BTC as crazy
Lots of people believe 3000$ Btc will happen, but I think 4300 is the bottom, but they will get alts down some more.
people always get dramatic with their predictions during corrections. being said, people are scared, and markets can do wild stuff when people are scared.
In the long run this corretion will be seen as a healthy clean up swipe
Sale Season… Part 4
wooooo eat our dust tezos… we’re going to make the top 10 one-way-or-another!
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It’s more the market got crazy and after that people got scared.
First the drop due to the war in Bitcoin cash, that put the price down, then we got fear and people started selling.
In my opinion we can’t make predictions, we don’t know how far the parties are willing to go. My personal opinion is they go to far and could kill Cryptho for a long time. I am a hodler, so don’t care atm, but if I was loooking new into this space, I would run
And the end isn’t near, Big wallets keep moving at the moment, so more to come, going down more I guess.
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I doubt it. The tendency looks different and in my opinion, expect BTC, the POW coins are falling slowly but surely and are replaced by new consensus designs…
Let’s compare marketcap November 2017 with 2018 and the changes:
ETH, was 2, now 3
LTC, was 5, now 7
DASH, was 6, now 12
BCH, was 3, now 5 (right befor fork)
XMR, was 9, now 10
ETC, was 10, now 16
ZEC, was 15, now 18
The trend isn’t in favour of the POW coins for sure … No POW gainer in the top 20…
i’ll wager zcash will be a top 10 coin by this time next year.
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I have a theory and hear me out. This hash war between BCHABC and BCHSV seems fake. BCH crew was getting ready to attack BTC for a year now, ever since the fork. All of you who bought ASIC miners have been filling their pockets with BTC so they can sell it now and run BTC to the ground.
Meanwhile they will pump Bitcoin cash with all that money they got from selling BTC, and might even try the flippening again. Remember that last year they tried it as well, Bcash went up to 4000$ on some exchanges. There is a reason Bitmain filed for IPO. They will use that money to pump Bcash. Miners will just move to that chain as its more profitable. They have been fighting against Segwit, and Lightning network as it takes away money from the miners.
BTC may not recover again, but instead be replaced with Bcash or some other altcoin.
I will wager that it won’t be any more in the top 20 at that time next year. I would love to lose this wager, but i doubt i will…
I will even add some wagers in case you want to take some more bets
- Active wallet adresses by than below 25k, mostly below 20k, but i bet on 25k
- Harmony dual mining: non profitable by than
- Price <$75
Sorry it’s not that optimistic like your posts …
I’am all for BTC being replaced by another altcoin, new coin or whatever. Bitcoin, by now, is just for a few people a rich get richer tool, nothing else. Eventually this would replace/eleminate the “move with BTC” price with a real price related to the coins, tokens and projects… In my opinion BTC is the biggest hurden and brake for the evolution of all other cryptocurrencies, but that’s just my personal view.
Yeah I am so tired of BTC pulling us down with it.
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i’m confident in my analysis. all my price targets hit in 2017, and i called 2018 correction in 2017. haven’t been on point calling a bottom, but i have $5,000 that says ZEC will be a top ten coin by november 20, 2019. heart this post; i’ll consider it a bet.
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kinda funny, neither BTC or BCH are fungible enough to be taken seriously as currency. without major fungibility upgrades; they’ll never leave the collectible/money stage, imo.
Right about now I’d enjoy a post saying that “it’s a planned agenda, 150 is on the way”…
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@phakov Good Ol horseshoe he will be missed
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And the difference with Zcash in that regard is ???
The Cryptho that will be used as a currency will be like XRP.
Centralized, brought to you by wallstreet, regular people like that, safer then the space is now.
They don’t know who Satoshi is or his vision, for most people it was a get rich quick scheme.
All I read is how wonderfull the new coins are and what they can what BTC can’t, still BTC is king ( most people know BTC and present XRP ) and the coin on nr 2 according to MC is the coin that goes against all Satoshi stood for.
For me Zcash is not a currency, I see it as a stock like Google or Apple that just started. I am in for the long run, that doesn’t sound like currency to me
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fungiblity is one of the main reasons BTC/BCH won’t succeed longterm. my point is in current form they’ll never make it past the “money stage”. works like this: collectible—money—currency. cryptocurrencies can be viewed as different things, ie commodity/currency/etc, but wouldn’t view zcash as an equity since you have no voting rights, and ZEC doesn’t represent ownership in any corporation. ZEC’s main advantage when compared to other cryptocurrencies is fungiblity. to become a true currency you’ll need portability, divisibility, and fungiblity. zcash maintains more characteristics of a true currency than all other alt networks. fiat systems won’t last forever, and ZEC (zcash is still in the collectible stage imo) could be a replacement eventually. average lifespan for a fiat currency is 25 years; since the romans started the practice. we’re overdue for a change (that’s why the IMF wants to issue SDR as a new type of fiat). side note - XRP is more of M3 type money.
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Hi everyone! Hope everyone’s doing well. I think this is cool. Have a great day!
How low can $BTC go? Who cares.
Well, I bought what I could this morning. If Kek’s mom also bought, might be time for a turnaround, haha! Wouldn’t be surprised to see it sit around these levels for a few days after a bit of a recovery though (maybe lows 100’s again).
been thinking about your post… have a feeling this will be nasty/protracted. don’t think BTC is done, but BCH/SV are probably finished as serious longterm BTC competitors. they’re fighting in a distasteful fashion, and don’t seem too worried about the people that depend on their alt-network. top dogs might not realize it, but the “small guy” notices this type of stuff, and won’t forget it. BCH camps might be fighting over this for a year+ ++? fight seems to have gone personal.
ZEC could be a challenger as-long-as zcash continues doing what she does, and keeps chugging along with >minimal community nastiness<—this can be very refreshing for people tired of the ugliness of a protracted whale fight.
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Seems more blood is left to let out…
I hope they keep squabbling, its extremely damaging to all BCH flavours so the longer the better. Think one will die but the survivor will emerge weak & have no credibility.
The depressed ZEC market price fits nicely with my accumulation plans, so no complaints.
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Jeps, and now the are planning on targeting the Bitcoin Gold, diamant and other coins. Real good for the Crypto space pffff. We gonna destroy all who have Bitcoin in their name. If they go that path, it will destroy everything.
^ Apparently the new horseshoe… But for BTC…
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Zcash has fallen down to 80 $, is it possible to get it up again?
Just trying to imitate the legend.
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I really don’t want to spend money I don’t have, but these prices really make me want to break out the credit card. I bought my first ZEC around $40, and I really didn’t think we would see prices anywhere near that again. I guess we are still double from that point, but these are some discount prices for sure. I won’t make that decision now, but if we get to $50-ish I won’t be able to help myself.
Edit: I would definitely know the risk of doing something like this, and I really don’t think we will get to that point. But rest assured if we do, I won’t be a weak hand if somehow it keeps dipping (I’ll just wait for my next paycheck so I can buy more).
Leveraged speculation on a credit card? Are you mad?
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There’s an excellent Alice in Wonderland quote I could put here but I used it recently, sorry!
I bought some Bitcoin and Litecoin short term on the credit card last year. Ended up losing about $50.
Well, I would pay it off next paycheck, I just don’t have any cash currently, as i spent it this morning at $90. So I wouldn’t go too crazy (I get 3 paychecks this month and budget off of the normal 2).
nice to see almost everything in the top 20 in the green. looking at you zcash.
Just some advice, greedyness is a bad advisor …
We might break down even more. But, who cares? These are some really good black friday crypto sales. I’m mining for over a year now. Payed off the investment in January. Electricity is killing me but I have hope, and I’m actually laughing at prices how volatile they are. All in all, I’m glad how crypto world is progressing so far. Nobody would expect this 3 years ago.
Only problem are the people that went in on BTC when it was almost $20k and then talking trash about crypto.
Merits of the voting choices aside, this is not a secure way to do stake-weighted voting, because it does not prevent double voting.
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Checking balance of those addresses after voting is finished would determine what % of the vote it makes.
Example:
If Total Zcash supply was 5 million coins, and I had 5000 Zcash. and casted a vote, my vote would make 0.001% of all possible votes. My vote wouldnt count right away, but after voting is finished, each address from which vote were cast are checked for the balance to determine the % of the vote.
Also if only 2.5 Million Zcash voted, my vote would make 0.002% of total votes that participated.
Its silly to even recommend counting the votes before voting is over, as people would be able to transfer Zcash to another address and vote again.
we need someone from dev team to announce real choices we have.
Not sure if it would work like this. The first problem is that a non voter share shouldn’t be shifted towards a voters share. Means a non voted stake is just that, a none voted one and should be counted as such.
If i remember right there are better mechanisms and designs on how to make a voting with wallets/stakes that exclude the double voting and other bad practices…
One of the possible options is an airdrop at an exactly fixed time. For example exactly on 1.Dec 2018 1.00AM all wallets receive an airdrop of, let’s just say, 1 ZECv (ZECvote) as a 1:1 of the wallet balence at this time and these are used/sent for voting in a given time period.
This method would be as well absolutly transparent as the dropping wallet and amount is known and the result wallets as well. Just as an example how it could be done if there is intention to do it.
There are other methods and designs how it could be done of course as well, just mentioning the above example as i tried it once on a project i had a share and the above example for sure works like intended.
Well there are many methods, all of which would express the will of community better than its been done now.
Designing a stake-weighted voting system is certainly off-topic here. There are two GitHub tickets proposing possible protocols for that: Voting based on proof-of-stake · Issue #1112 · zcash/zcash · GitHub and ZIP: publicly verifiable anonymous voting on the Zcash blockchain (with minimal protocol changes) · Issue #359 · zcash/zips · GitHub
Whether stake-weighted voting as an input to protocol governance is a good idea or not also seems off-topic for this thread, which is supposed to be about price speculation. It would be a fine topic for another forum thread.
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That is some good advice - I let my emotions get the best of me. I’ll just stick to my original plan of accumulation. (Plus the odds of $50 seem pretty low).
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aaaaand we’re getting hit hard again. one thing that does suck is the BCH people probably have large zcash holdings. almost wonder if we’re specifically getting caught-up in the BCH garbagecoin war.
mine ZEC—dump ZEC—buy BCH
they probably need to pump BCH just to stabilize their market since it has no real future.
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dash + 4% ~ $100m volume
zcash - 6.6% ~ $125m volume
monero - 2.6% ~ $25m volume
(XMR’s dying a slow death)
I was asking myself the same, a lot of players in that idiotic war are also in Zcash.
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Bakkt delays futures launch…is there going to be somekind of ‘remarkable’ pump this year? Personally doubt it…
good chance BCH idiocy is also holding-up new coinbase listings. after reading all the negative comments on r /cryptocurrency getting more convinced BCH has no future. both sides will lose longterm. their coin just isn’t that interesting.
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Yeah that was expected, they were supporting Bitcoin Cash against Bitcoin as well.
has anybody from team zcash reached-out to bakkt?
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Actually the BCHABC 32MB block size approach is interesting in my opinion…
cool story 20 charac
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https://twitter.com/GrayscaleInvest
been dumping ZEC pretty steady
barry’s investment trusts have probably been creamed this year lol
What makes you think that ?
I know off topic, but man man, if they do so …
This would be a big bummer for the whole space in my opinion.
A lot of megalomaniacs, idiots and cowards in crypto it seems. How long until they make up an excuse to attack Zcash since it forked off of Bitcoin? We need to get Harmony mining out as soon as possible. If ASIC’s are used to attack ZEC then ZcashCo can just raise the GPU percentage.
Zcash didnt fork off Bitcoin, otherwise all Bitcoin holders would have received Zcash
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ZCash uses the Bitcoin sourcecode but it is not a fork as @Trololino has stated. It’s essentially no different from BTC when you send ZEC from t to t addresses. However, the real difference is when you use it in shielded transactions…then you can sit back and enjoy some truly private transactions. This true privacy is why ZEC is the only crypto that matters.
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Jeps, your right there. And like I said, off topic. But it’s more how hostile the space is getting. Destroying coins because they have Bitcoin in their name ? And maybe a little on topic, the ongoing hashwar between ABC and SV could get to us too. ( Tinfoilhad mode on ) Bitmain is 1 of the parties involved in the war, the list I posted a while ago showed us they sold lots of Bitcoin and bought back Bitcoincash. What if they mined Zcash with their Asics before they sold them ( the Asics that is ) they build up a lot Zec, if they sell those, that will affect the price. They gonna sell I guess to fund their dumb war. ( Tinfoil had off )
What will Roger Ferr do ? Also a big Zec investor. So one way or the other, it will affect Zec and the whole Cryptho Space, and that last point concerns me, it will make the step for " normal " people to get into the space bigger then it already is. But he, just my 3 cents
Sorry, I meant used their code and not forked, the only difference being miners defecting from an existing blockchain and not starting a new one from scratch with existing code.
While this is for sure a concern another one is the mining pool issues and this actually concerns me a lot more.
Reading the article you posted about a mining pool attacking various cryptos with intention shows us clearly how much power a mining pool has or can get and how this power can be used for bad actions as well.
Damn, such mining pools even get rewarded for destroying a given currency.
Having in mind that each currency has at most 5 big mining pools, most often even less we should realize what danger comes from them. Even more, obviously mining pools can be influenced and/or just bought to whomever pays enough. I think this problem/danger is so far way underestimated …
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twitter NPCs are mad they’re NPCs. this fella obviously has done 0 research. large portion of the population has no internal monologue. it’s science. that’s why twitter, corporate news propaganda, etc can be dangerous. especially dangerous since most the people that can explain this have been b& from twitter. doesn’t really matter, tho …people that do understand this have a leg-up on their competition that don’t understand the NPC meme. you’ll really start to learn how people are controlled. a lot simply do not have the ability to question authority. they’re not dumb, it’s just how they’re wired, and people take advantage of it.
one reason twitter’s becoming dangerous is twitter’s become a narrative machine. with dissenting voices permanently b& from twitter; there’s no one left to question incorrect narratives. NPCs don’t question narratives, and usually don’t care enough to research whose narratives they’re ingesting. often times those narratives are hatched by government/corporate entities that view different peoples as nothing more than interchangeable monetary units. oh well, happy thanksgiving!
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Solid line is avg transaction value, shaded is price usd, red btc, purple ethereum, maroon Zcash
It spikes but current avg looks like btc -3k, eth -200, zec +400 (it splits from the pattern in feb looks like) not sure the percentages looks like - 60% for btc and eth, +300% for Zec maybe
With dots
A thought, z-addr transactions encrypt the value so that’ll distort those numbers?
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Yea but wouldn’t it decrease ya think?
Also like I said, most transactions occur on exchanges where personal privacy doesn’t extend past pseudoanonymity
Also the transaction count isnt hidden
changing average transaction value to exchange volume doesn’t really make it look much different
Coinbase txs are ommited
I guess its 40$ Zcash soon 
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Checking the price is starting to feel like looking at a Visa bill after ‘two weeks in Vegas’…
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2 weeks ? Heehhe get there in a few days in Vegas 
down to 76$ …
Interesting read and i agree absolutly with some of the arguments:
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Cryptocurrencies are managed by communities of developers. That can get messy
=> Every project is talking about decentralization and so on. But let’s face it, how much decentralization do we have if some devs (alone) decide the future of a given crypto currency? They are even not elected, nor nothing nor have holders/miners a vote at all… -
The creator of Bitcoin said only 21 million Bitcoins would ever be created. But how scarce do those 21 million Bitcoins seem if there are also 21 million tokens of each new copycat? As Naeem Aslam, the chief market analyst at the trading firm ThinkMarkets, put it in a note to clients this week: “Forking has become so common that it puts at risk the notion of limited supply altogether.”
=> Absolutly agree on this one and i had several thoughts about it in the past how this is paradox at all. Holders of Crypto A automaticaly get the same amount of crypto B after the fork. This doesn’t make sense at all. It’s as well a rich get richer and late comers get penalized factor in my opinion.
=> Developers have complained that Bitcoin, Ethereum and most other networks are hobbled by technical problems that make their tokens hard to use in real-world transactions. Those working on the cryptocurrencies have promised solutions, but they have been slow to produce them.
=> Another one i agree with. Let’s face this honestly from the average joe point of view. How comfortable is it to download a wallet, sync it (if it syncs at all without problems), to navigate on the current available wallets, private keys included. Slow transaction speed, limited transactions, and and and. Not even talking about POW mining which is only for some technical advanced minority with financial power to get specialised hardware. These and many other factors are technical issues in my opinion that are not in crypto currencies favour. Damn, since 2 days i’am trying to send from my Bytom desktop wallet an amount to an exchange without success, i can’t figure it out how it works and so far i have installed/used/tested about 200 desktop wallets, lol. What’s left for the average joe & average mom?
-
Governments could get into cryptocurrencies, and do a better job of managing them. While saying cryptocurrencies could improve on current payment networks, she also said governments could manage them more effectively and eliminate the issues of trust that have hobbled them.
=> This is one of my major concern for several reasons as well:
- We have so many scams, fraud, failed ICO’s, hacks, where people lost their money that these mostly feel more comfortable again with governments issues currencies.
- With over 3000, mostly allready 5000 cyrpto currencies we all know that about 95% are either useless, a scam or just for fun. This is as well a dev problem in my opinion as developement resources are spread on this many different currencies and most even doomed to fail anyway. Means, not enough dev resources to develop faster, more efficient, better. My main concern is that goverments and companies with a centralized company can develope faster and more efficient. Seeing this problem even at ZEC, with proposals, grants just every 3 months, upgrades only every year… This in my opinion is slow & sluggish and lacks fexibility. Best example is the winzec wallet issue because a grant application came late and missed the death line putting temporary ZEC even into the danger of a fork. I understand that this all is done in favour of transparency, decentralization and so on, but can it that way compete with fast acting companies & government issuing crypto currencies? I have my doubts.
Here the full read…
I doubt should I buy zec for $10 or wait some more
I have been on this forum for a long time already. I remember different speculations about possible zec skyrocketing and price above 1000 USD. But only now I started questioning myself what is ZEC “real price” and why it should cost $5000 and not $0.05? For transferring money price does not matter. You buy it and send immediately. Then it is being sold soon after received. It does not matter how much it cost 50 000 or 1 dollar. For those who trade it price matters even less. This guys get profit from speculation with buy/sell difference and scalping. They don’t hesitate to sell it for $80 and would not hesitate to sell for $10 because they can then buy it for 9 and sell it for 11. You can say that ZCash real price is determined by miners. But as I see it now there is already enough coins to trade and use for tx without new coins from miners. So how to determine the “real” price of coin? You can throw tomatoes at me, but could someone explain me why zec price should not be $1 for example?
Valid questions in my opinion. One of the biggest problems of the fan base, believers of a given crypto currency is that they/we interpret our wish thinkings on everything leaving some important facts, concerns, arguments, logic and common sense aside.
Some months ago, when some users predicted the ZEC price to be below 50 i laughed myself about it, honestly admited. Today, thinking more realistic about all the various factors i think that the price should be indeed in that range (50-75), no matter silently i hope it will be 500$, but hope and dream lack realism of course.
Talking about the real price, many if not most will tell you it’s at least the price/value to “produce” 1 ZEC, in the meaning of electricity, hardware, mining, whatever, but that’s just a myth, it’s simply not true, neither valid for several reasons. Only thing that really impacts the value/price is demand versus supply, easy and simple as that…
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Dont worry, we wont throw tomatoes at you.
For a fiat->zec->zec->fiat transaction price doesnt matter, but to store value in a completely private way it certainly does.
Its very early days & reality is a rich mix of use cases.
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My recent sarcastic post was flagged )) LIke other sarcastic posts ))) community don’t like me laughing about zec price. But truth is I HODL zec. And if it rise to $300 I’ll buy nice new flat ))) I’m very much interested in zec go to the moon. But it’s not a reason to write only optimistic posts here or asskiss zec devs. And now I want to understand what to expect in near future and where the bottom actually is.
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it’s already starting RIP bcash. greed is a hell of a thing. hope the whale fight was worth it. they damaged their users confidence, and might not recover.
(imo) we’ve already cut through the bone. best advice i can offer is don’t lose your vision. we’ll eventually recover.
zcash doing everything it can to lose that 18th spot. ZEC might be playing possum since 17 is a much prettier number. lol
I think that what can really improve situation (and what zec needs badly) is official wallet for mobile users, safe and easy to use. As I understood recent update was required for future mobile wallets. Being listed somewhere is nice, but it’s not a real adoption. I think that we can skyrocket after official mobile wallet released. Which month should we expect this? It have been already 4 years of zec existence and still no official wallets for most popular platforms. Judging from zec team speed we should expect this in 2020 at best.
upd: I’m not sure that official mobile wallet itself would rise zec to the moon. But I believe real adoption would be impossible without it.
i’m sure team zcash is sitting around right now discussing how ZEC should take advantage of the bcash saga. hoping @zooko /team has a plan other than shitposting on twitter. zooko’s chased away GPU miners (significant amount of the original community), and gone out of his way to scare-off darknet markets. no way he doesn’t have a plan to replace these users with a different set of users, right???
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Who knows, he is rich already, maybe he doesnt care anymore.
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So is anybody dare to make a speculation? When? How much?
…I have a buy order at $65 so it’ll probably start going up now.
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BTC defending long-term support could indicate bears have run out of juice. possible double bottom reversal after $4K defense. extra nice since BTC defended critical level during a huge US holiday.
I’ve gotten into the zcash community due to gpu mining a year and a half ago… I’m still here (though I don’t post that much). I still very much believe in the coin
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I am very pessimistic about the price, I am not sure if Coinbase would help at this moment, but maybe Bakkt adding Zcash along with Bitcoin would
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I think its unwise to plan/wish/hope on some sort of market (news) event to reverse this trend
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Its what the algorithms are progmmed to do; max hi max lo (what those are, (?)) It’s going to push lower until it finds the volatility it needs to derive more consistent yields
well, you guize need to come say hello more often. make good ole kek worried when i don’t see y’all posting for a while ( ;
Full disclosure, not sure if anyone has noticed this about me (or even care at that matter) I hate bitcoin. i think its complete trash. I sold all of my btc around 8k last fall. Im happy i did so. I did not time my ZEC purchases well(dropped around 90k at 300…like a moron). I can share horror stories about losing 30k in minutes…ive made plenty of bad trades. I 100000000000% believe in ZEC and was willing to put my money where my mouth is.
There are so many bullish signs that i lost count. If you believe in yourself and your process - whatever that may be - everything else is noise and should be ignored.
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You sound like lyrics from this song: " I believed in proof of work, but then i bought high"
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HAHA never bought BTC pass $500 LOLOLOLOLOL
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Ive talked smack on bitcoin too (It was a long time ago I’m pretty sure he got flagged!) but it’s important to remember that none of this would exist without it
That being said as far as the future of Bitcoin is concerned, eehhhh… who knows right?! There’s some kinks to work out but nothings hopeless
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I totally agree about BTC’s influence, where my frustration lies is how bizarre it behaves. From it’s community to people like ProfessorFaustus(Dr Wright)…I feel like I’m watching a circus that’s lightyears more ridiculous than the equity market (where no one knows who owns what). I don’t know why people bought passed $500. I’ve heard stories about people morgaging their homes, taking out crazy loans to buy around 6-8k. So many broken hearts and it’s going to get worse. None of these things are BTC’s fault but it’s going to leave a stain on the human psyche.
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Trolonio wins the forums today! I need to get high…I was gonna buy some smoke…but then I bought high…I wanna cry and I don’t know why!
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Even if your high, Bitcoin keeps on going low.
Funny thing, ATM making more Zec mining BTG then when there were no Asics on Zec hahaha
Bought Zec for 3.8 BTG.
i was gonna buy an asic too, but that diff too high…
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A few posts on Reddit claiming BCH-SV has cried ‘Uncle’ & will be ceasing hostilities, plus BTC has been creeping up slowly for the last few hours - might turn into a good weekend.
Just ring China, you buy them by the kilo 
Maybe McAfee buying in, so he doesn’t have to eat his own d#+&$ 
I hope the BTC cash drama ends quick, bad for the whole space
mass discounted by ton too
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No volume. Seems BTC will go below 4000 very soon.
Interesting parts:
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Speaking on CNBC’s “Squawk Box,” Moro suggested that the leading cryptocurrency will lose another 30 percent before bottoming at $3,000. Moro said, “You really won’t find [the floor] until you kind of hit the 3K-flat level.” Moro addressed small resistance levels, saying that he does not think the BTC price can stabilize in “the mid-3s,” also noting that the $4,000 level was tested twice in the previous days.
-
When asked what could be behind the recent slump, Kerner argued that “crypto has been so weak because [for] most of it there is no underlying value outside of confidence.”
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on CNBC they don’t know much more than you do. so far the $4K range has held. continue this through the holiday weekend, and we might be looking good next week.
$4K holds i’ll probably feel confident enough to start publicly posting price targets again. i thought the blood bath would happen around the 1st couple weeks of december, but we might be ahead of schedule …either way we’ll have a lot more information after the holiday weekend. have a good one!
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Waiting your price targets already😎
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happy forum birthday!
And i even got badge “Devotee” 
And thanks😉
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Interesting differences in market sentiment between respondents of a “traditional markets website” and Coindesk:
https://www.coindesk.com/research/crypto-sentiment-study-2018
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Think we see 1zec= 50$ next week…
…then Coinbase will happen & take it back to $65
(Edit: Happy cake day!)
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This chines coin is going to 6$
Oh already at 65…
Still no ‘hard bounce’ from BTC, looks like the show a’int over yet but I really hope I’m wrong.
It’s ugly AF…another drain following a big drain is troubling. At least we can sit back and enjoy the pleasures of a truly free market and all the insanity it has to offer. Too bad I didn’t dump last year at the top when my g/f told me to…
At least everything will be cheap…time to start buying soon…and look at that volume compared to ZEC’s market cap! Wow!
If this keeps going south @zooko will be living in his car again…
All these price declines are because Bitcoin forked again right!? Right?
Seriously though, who is writing these articles? https://www.forbes.com/sites/petertchir/2018/11/24/bitcoin-stick-a-fork-in-it-its-done/amp/
Looks everyone is trying to jump on the gloom and doom news bandwagon even if they don’t know the difference between Bitcoin and Bitcoin Cash. And maybe that’s a factor? Maybe the general public doesn’t know the difference?
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Yes, could be indeed the case that this guy from CNBC and me don’t know much …
But that 4k range didn’t hold too long, went down to 3,800 bucks.
ZEC at 66$ …
Hey! I called $65 a while back, do I win a cookie?
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You would, but I can’t even buy you a fake Orio with this prices, in a week or two a Orio will be 10 BTC again hehehhe
Got it… go long on OREOS…
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Jep, I am all in, main reason, they can’t be mined with Asics
You would but it’s not 65, we are at 63 allready …
59.88$ …20 char
Volume is still very low on both USD-ZEC and BTC-ZEC. I’m almost sure that we go below $50. Only some ultra good news + whale pumping could save crypto from further fall now.
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Its time to forget about crypto and come back in 2 years it seems.
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What do you mean by that?
I mean its time to stop looking at it each day, forget about it, and check back in a year or two
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I’m interested in crypto dispite of it’s price. BTW last half hour there are finally some reaction. Nothing to celebrate yet but may be it started to bounce. Who knows.
really did think we’d get a sappling/coinbase pump during 2018 bearfest. seems-like best we can hope for is stabilization/some recovery. thinking pretty much going to ignore crypto markets until 2019.
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of course oct/nov coinbase/sappling pump didn’t happen. reason why i thought dec. would be bearish is i thought people would sell for christmas; causing a little panic in an already tepid market. thinking it’s possible the dec. dump has already happened end of nov. …so, we might stabilize in dec. that’s what i’m thinking anyway.
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I think something does happen in spring 2019…
side note - located 2 seperate ZEC test pumps this year. both indicated zcash will pump to $300-400 range once markets do find their sea-legs. also, moved more BTC into ZEC since ZEC still hasn’t had a hard pump independent of BTC. all coins, even the shittiest of the shitty eventually do this at least once. it’s just a matter of time. have a good day!
Hope it gonna happen soon ))
Mine is a 5-10 year outlook. Since this massive bloodletting is putting everything on sale and killing off all of the shitcoins, it’s time to start buying the good stuff on the cheap.
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Nice speech )) But the problem is… I guess majority of people here already bought a lot of zec when it was $300 $200 etc )) Even when it was $300 I and my friends considered zec as perspective undervalued coin. And now I don’t have decent fiat sum to buy it. I’m one of those fools who invested a lot when it was around $300. I never thought that crypto would fall 600% in price.
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I think that even @AL888 did not see 50$ when he said 150$ is coming. 150 seemed impossible, but this is crypto…
If you click on @AL888 name it says hes banned until 3018… Boy that’s a long time…
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Crypto could easily continue to drop even below electricity cost. Recently there was a nice long flat. But suddenly we faced another dip. I thought that we reached the bottom already and that whales would keep that level and would not allow BTC to go below 6K. BTC is rubbish coin with slow transactions and sky-high commissions, but bitter truth is that it is a face of all cryptocurrency market. BTC price below 6K would drastically damage ALL cryptocurrencies reputation, but suddenly whales allowed it. I don’t understand. Bearish trend would not stop until people trust in cryptocurrency perspectivness again. Now what people think is “so it was bubble after all”. Now I fear that even if crypto would overcome this and blossom in the future, it would take years to regain 2017 price levels.
Just been looking on Kraken at the BSVBTC pair - the ‘other BCH flavour’.
Its been trending up since all this silliness started, leads me to think their ‘war’ on BCH switched from hashrate to price - all funded with BTC & applying a lot of sell pressure.
Must be costing a fortune, if thats the case I wonder how long they can keep it going.
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1 day frame price graph for useless Btg on binance reminds me of zcash.
looking at 1D price graph for ZEC though, makes me full of energy. so i’ll do it again: zooko, thank you for asics, brother!! Bitmain acts cute all the way!
ayyyy @zooko wouldn’t zcash be better suited for this? Pay Taxes With Bitcoin? Ohio Says Sure - WSJ
A Z9 Mini (10kh/s) still is profitable even at power 12.3c/kwh. I checked my ZCash Node this morning and the diff is ~2.3gh/s, so they’re still mining (I estimate that there are ~15,000 ASICs on the network, FWIW). It’s my thought that they are mining for the long term, very long.
It’s also my thoughts that every effort is being “made” to shake out everyone from the market so only the giants can play. Since the majority of “investors” in the cryptospace are not experienced, they are likely scared easily. The constant has been this slow death since the top about 11 months ago.
While I hate to see these prices drop (for myself and everyone else), at least the upside is that it’s far more lucrative to buy instead of mine, and I’m personally glad I held back from getting ASICs when I shut my GPU mining operation back in June. My recommendations are to see what happens but start accumulating now, even if this continues.
And remember, it took BTC from 2010-11 to 2017 to go from fractions of pennies to 17 grand…that’s the long game, Zeckies…play it long…
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The BSV price flattened out around 0.02 BTC at the same time BTC started to rally. Coincidence? Don’t think so, pretty sure they were pump-starting their coin.
With luck they’ve run out of other peoples money & won’t be doing that again soon.
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This could be relief rally, usually after real recovery you see huge volume.
lol, what a shitfest
author of this piece nailed my sediment Bye bye BCash: good riddance to bad actors | by Landon | HackerNoon.com | Medium
Going back to my post back in the summer when i originally posted my idea about $40 ZEC (i gave two scenarios a conservative outlook and aggressive outlook) Looks like the aggressive outlook has prevailed thus far.
I still think we reach my 40.54 target (even if its just a tail and price doesnt close) but technically speaking the C-leg of the cypher pattern has completed. So a pump to 392-400 can surely happen(but BEWARE OF THIS PUMP)
Barry seems to be accumulating… https://twitter.com/barrysilbert/status/1066806097753899009?s=19
He did brag about new $300M they got from institutional investors a few weeks back. Maybe they are increasing their portfolio now.
Off topic
This starts in 25 min
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Not OT, ATF! Let’s see ZCash pass the moon and head to Mars!
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Mars landings are described as ‘seven & a half minutes of terror’
Not off topic at all
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Nice concept. But I have not found any repository reference. It seems code is not yet available. But anyway it’s a very good news. Good excuse to drink today
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I’ve always thought that chain splits are fundamentally destructive of value (underlying value, that is, regardless of their destabilising effect on short-term prices). They split user and developer communities, create toxicity, and destroy confidence in the whole cryptocurrency sector. The Bitcoin Cash saga has done nothing to disabuse me of that opinion.
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I think for the layman, the confusion that is caused by chainsplits is by far the worst. Unfortunately we’ve been conditioned to associate trademarks with some level of consumer trust…the layman doesn’t know or care about 4(seemingly growing) coins that all have bitcoin in their name.
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volume (according to coinmarketcap) is once again almost 1/2 our market cap. qtum is another market that’s doing this (done 0 research on qtum. just an observation).
edit: LTC, and EOS are real close too.
amazing …
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Any guesses where ZECBTC will go if this is real?
Will we finally break 0.022 BTC?
Tune in tomorrow for the next thrilling episode…
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Geez almost looks like someone is managing this market and quietly accumulating. Look at the RSI channel…the entire market was bleeding, and ZEC never dipped below bottom of the channel.
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Hmm my wild guess is 0.055 BTC price, lets make it happen
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ZecToTheMoon
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Lol the song
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really gaining against BTC today. this is some good news! Hopefully zcash will decouple from btc entirely
If Kek’s post is correct, and ZEC gets on coinbase soon, I think there is a decent shot of that happening, especially if it’s already trending that way when it happens.
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This is all looking rather good…
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dat rebound! I coun’t get cash into my account fast enough to buy yesterday when the window was almost closed
coinbase is big news, but small potatoes. i expect to see ZEC on NASDAQ in 2019 (not joking). possibly bakkt too, but NASDAQ is highly probable, imo.
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Man, you are my hero! you made my day
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Can you explain why?
i’ll write an effort post to make my case
like i did for coinbase. will probably post it in the morning. pretty-sure NASDAQ’s SMARTS market surveillance tech is already monitoring zcash pairs on gemini.
I totally agree those will eclipse coinbase, but coinbase will offer a solid USD gateway with a large customer base, and I know I’ll be using it for ZEC (Gemini isn’t hooked up with my bank, and I don’t like krapen).
I think ZEC is positioned well for institutional investment, and it’s probably the only privacy coin they will touch.
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Spike on zec. what is going on?
Woo Hooo !!!
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Congratulations to the entire Zcash community on this important milestone.
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of course news would come out on the completion c-leg of the cypher pattern.
on to the d-leg could see as much as $400-USD (392).
the force is with you, always.
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So last time to buy???
Probably not. What do you think what the price targets are?
The price target is already reached Fun is over. We waited for this opportunity for a year but pump finished in 15 minutes 
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Im all in…so lets ride😎
im out here fam
Well the resistance at 0.022 is still unshaken
0.02205 on Kraken… think we’ll get another run at that today as news spreads.
The day is still young + we punched through resistance just haven’t closed above.
internals look very bullish
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Organic growth will be in the next days…
That 15 minutes you are talking about is more a 1 minute from bots reading coinbases twitter feed…
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News are out on crypyo spaces and lets see when koreans read the news😏
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The news is out, expect the price to dump hard now.
“buy the rumor, sell the news” like they say.
zZzzZZzzzZzzzzzzzZZZZ 
I expect things to recover after Bitcoin’s bottom gets confirmed.
I suspect we are beginning to decouple from BTC.
1 zec = 7 btc
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Maybe, for now we are at least going back down to ~70.
So when will we see 400$ what do you think?
When GPU cards replace ASICS again
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The ZEC chart reminds me a lot of ETH breakout from 7 - 1500. That happened in the Winter of 2017.
So maybe then
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What makes you think 70 is still in play?
I remember previous pump. I was watching it in real time. In few minutes price gained 30%. Activity on exchange was such that I was unable to track recent trade history. Now it is nothing similar - USD-ZEC market is dead as always. Price now (after nice news) is LOWER then regular price day ago. Is this what you all were waiting for?
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I believe Bitcoin is heading back down to retest the 3k-4k zone. Other coins, including ZEC will follow. The Coinbase news is out there now, no reasons for speculators to hodl on to their ZEC, so price will keep on dumping but will likely trap a new wave of enthusiasts (at least until the market recovers).
I could be wrong though, but I think that’s a wishful thinking.
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Linking this back to the post I just placed
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Looking at the BTCUSD chart, we’re already at the bottom of this bear channel. you’re saying we could break down more? Pretty oversold but then again, BTC has been really been oversold.
Personally i think futile to analyze BTC when Tether exists
3800 retest for BTC, that’s what I meant. I don’t expect it to break your bottom red line again, just to stick to it for a little while.
Knocking on ZECBTC 0.022 again…
Knock knock knocking on heaven’s door
Ah, and btw. I found this art from July:
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I am very excited about this Coinbase news. With that said, it seems that the market response to any good news is being significantly dampened by the current bear market across all cybercoins (just like any scintilla of minor good news was over-amplified during the bull market at the beginning of this year; see the ZClassic pump in January and February in advance of the dubious launch of Bitcoin Private).
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Seems like its forming a bull flag.
I don’t think this energy is lost, it just becomes potential energy that we will be seeing in the future.
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I also would be surprised if it doesn’t go back to around $70-$75 in the next day or two. Look at the pump ZEC got when it was listed on Gemini compared to now. I believe it was around 50% higher.
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I’am pesimistic for end of 2019, my prediction is Bitcoin down to 3,000-3500$ and ZEC 55-65$. Hope i’am wrong of course.
all the information’s out there. just need to tie together different news stories/reports from the last year-or-so. going to-try-to find time to write about this today. takes me some time since i need to dig-up specific reports that’ve convinced me zcash will be listed on NASDAQ platform in 2019.
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zcash holding tough! people selling ZEC @ current levels are going to hate themselves in a couple weeks!! dash within the crosshairs again. do we permanently defeat dash’s exchange rate today?? kekekekek
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BTC tanking again, seems like final stage of capitulation, CME Futures closing today as well. I expect a bounce as soon as they close them.
ZEC performing well against BTC. looks-like we’re going to-attempt-to defeat .022 again!!
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when i see a test pump, and say “$300-400 range” that’s a really safe bet. that just indicates how much sway a single entity has in a market. would not fall out of my seat in amazement if we do see the $500-600 range this year. we’ll fight over $100 for a minute, but once $100-200 levels are breeched - $200 range will be gone fast. you’ll go to sleep with ZEC around $180, and wake up one morning @ $310. $200 level will be eaten alive. $300 is where we start fighting again. damn, i love some early AM speculation.
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300-400$ sure its possible but 500-600$ this year never gonna happen.
that’s the same thing people said to me last year, but then zcash hit +$900
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I also hope it will bounce. But it depends on whole situation and ZCash team. I think if they release recently announced mobile wallet prototype it could trigger rocket run. Successful update + coinbase + wallet is a chain of good news. If not moon it will at least further strengthen zcash position versus bitcoin, xmr, dash and rest shitcoins
WTF, with Coinbase news ZEC can’t even surpass BCHSV price… the market makes no sense at all.
Hard to belive, that we see 300-400 range this year, but you never know🙂
Its simple, once market makers buy enough cheap alts, then they pump it and make their profits 3x 4x 5x.
For some reason there is more demand for BCHSV. Today i checked the demand/supply ratio for all my holdings including ZEC and BCHSV.
For some reason BCHSV has a very high demand ratio of 45 vs 55 supply across all it’s markets.
ZEC currently 28% vs 72% supply.
I’am a strong believer in the demand/supply argument and that it’s the most important factor of all out there.
As long as the demand is way lower than the supply i see no common sense and logic why the price should raise at all.
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Lol, I can see Zcash ETF getting approved before Bitcoin
unsure you understand how order books work during accumulation. there’s been an entity (probably a single entity) that’s been eating zcash emissions for months. this possibly single entity has capped the market. once they have their fill things will change fast.
love when our volume hits +$200million (coinmarketcap). just about 1/2 our market cap again.
Yes I’ve seen this happen before, not just on Zcash but other coins as well.
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That’s even worse than as when these stop the demand will be even lower, not?
And even than, what does it change at all if one entity or many accumulate and buy ZEC as long as theire is 2-3 times more supply than the demand?
I have a different approach when it comes to volume and exclude the obvious fake volume. In the case of ZEC it’s for sure Lbank, Bithumb, Bit-Z as the ones with most ZEC volume.
On coinmarketcap for some reason, only Bithumb isn’t counted in the volume. But the Lbank 140million and Bit-Z 7million should be excluded as well. No idea why they don’t do it at coinmarketcap yet. It’s that obvious that there is no room for any doubt that the Lbank volume is faked. Lbank is known very well for faking volume anyway.
Let’s decrease the volume with the Lbank one and we are somewhere at 70million real volume … mostly even less!
Edit & added:
The Chinese rip-offs armada
You may or may not have noticed, but CoinMarketCap has quite recently listed a host of Chinese trading exchanges that all boast rather high trading volumes but somehow, no one has ever heard about. Most of them obviously share the same User Interface and trading engine.
Among them, but definitely not limited to, are names such as: Lbank, Exx, RightBTC, CoinEgg, Zb, BitZ, Bibox, CoinEx, BTC-Alpha…
Those platforms are so blatantly faking their volumes that they do not even deserve running numbers: just go and have a look for yourself. It is an absolute disgrace that CoinMarketCap and LiveCoinWatch should list these scamholes alongside sometimes struggling legit exchanges. … Yet somehow, the practice is, if not encouraged, at least thoroughly ignored by popular data aggregators and most of their users, when all anybody really has to do is have a look to figure out that something is amiss.
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the market is “managed” to quote another poster. the whole point of capping the market is to make supply look greater than demand. this is how most markets operate. if demand looked greater than supply; exchange rates could jump, and that’s not in an accumulator’s interest.
not only has the market been successfully capped on several occasions; (probably) the same entity has been painting the tape, and downticking our markets.
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not reading all that. you want me to read a post; please make it more pithy. imo, you need to learn how an order book works in the real world.
More pithy? 
130+Million, about 2/3 are fake ZEC volume, if that’s not pithy enough i don’t know what else it needs.
You are free to believe in these fake volume numbers of course, but i’am not one of these that takes fake numbers as real just because i wish it should be like that …
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you don’t understand how an order book works, and you want me to read 7 paragraphs about fake volume, but you don’t understand how an order book works.
Whatever you want, continue to take faked volume numbers as real and be happy with them as long as they last … Actually these faked volume numbers are that obvious that it even doesn’t need to read the 7 paragraphs.
About me not understanding an order book: I understand enough to see that the ZEC order book shows more sell pressure than buy pressure. Possible that you have better and deeper understanding of it, but than again, what is it worth based on faked volume anyway!?
I’am not going to argue with you this one any further. I’am well aware that a more pessemistic view on ZEC price, volume, order book imbalances isn’t a popular thought in this topic. This said, everybody is free to have it’s own opinion, be it that ZEC volume is 200million plus, price going to 1,000$ or a massive buy pressure… Whatever you want …
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you’re saying 2/3rds of ZEC volume is fake with nothing to back up your statement. sure there’s some volume fudging going on, but 2/3rds would be very difficult to fake in a non-obvious way.
“About me not understanding an order book: I understand enough to see that the ZEC order book shows more sell pressure than buy pressure. Possible that you have better and deeper understanding of it, but than again, what is it worth based on faked volume anyway!?”
you look at the book, but you cannot read it. just explained to you how it works. noticed you hearted my wager; make sure you keep my $5,000 warm for me. have a feeling i’m not going to need to wait until november 2019. good chance you’ll need to pay-up in february.
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Actually that’s the interesting point. It’s that obvious that it even doesn’t need anything than common sense. After you anyway don’t want to read anything that backups up this obvous fake claim, does it makes even sense to post more articles (beside common sense)?
Ever checked the Lbank pairs? ZEC has 2-3x more volume than BTC on Lbank? Not enough? Read a bit into Lbank, it’s the worst case fake exchange ever…
Just in case (or some others are interested in fake volume researches especially for Lbank, here some interesting articles:
Interesting parts: Released this week, research compiled by the Blockchain Transparency Institute (BTI) gives clearer insight into how massively overstated the daily volume numbers actually are. Tallying up the volume numbers of the top 130 exchanges, the report found that over $6 billion in daily trade volume is being faked, comprising over two-thirds of the total 24-hour trade volume.
The largest offenders in the top 10 include Bibox, which appears to be wash trading their volume over 85x, Bit-Z to over 469x, ZB over 391x, LBank 4400x. The worst of the bunch is BCEX at over 22,000x
Accordingly, BTI extrapolated that exchanges like ZB and LBank comprised some of the worst offenders:
“The accurate exchanges outside of the big money exchanges typically have a volume/user to unique visitor ratio of around between 2% and 5% (3.5% average). The suspect exchanges ratio ranged wildly from 10% up to over 655,000%. For example, LBank and ZB exchanges which both claim to be in the top 10 of all exchanges, are also claiming to have volume/unique visitor numbers over $214,000 and $74,000 per day, respectively. This is outlandish considering known high liquid markets Bitfinex, Binance, and Coinbase fall between $5,000 and $8,500 per visitor per day.”
https://bitsonline.com/fake-crypto-volume-flawed/
http://toptokensales.com/news/exchange-lbank-sells-fake-token-telegram/
https://www.finder.com.au/lbank-cryptocurrency-exchange-accused-of-trying-to-sell-fake-kodak-coins
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I think fake volume is possible. Probable even!
-but-
Looking at incomplete information and determining “The only explanation is X” is a failure of imagination.
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It is possible its not fake volume, but criminals laundering money.
Think about it. Payments needs to be done privately, buy Zcash, wash it around in private transactions and sell it right away. Perfect crime.
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Where is the deal in laundering money to use ZEC to ETH as that is where the whole fake volume on Lbank comes from. 116 million ZEC to ETH on Lbank?
The Lbank ZEC/ETH pair has more volume than any other exchanges and all other pairs together. Seriously someone really believing it’s possible? And all money laundering on exactly this exchange, exactly to ETH, exactly with all the KYC needed on Lbank? No way, actully double and triple no way…
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I fail to see how this could/should work out in this scenario.
First of ALL we have nowhere that much bought Zcash on all other exchanges together. The Lbank pairs are ZEC/ETH ~55%, ZEC, ZEC/BTC ~10%, ZEC/USDT ~6%, daily on Lbank alone. Makes together ~71% of ZEC daily volume.
Lbank ZEC adresses are t-adresses. The highest trading pair is ZEC/ETH with some whopping ~130M daily on Lbank. Than we have the KYC on Lbank. Than it’s a china exchange. I absolutly fail to see how these known factors lead to a perfect crime.
You say buy ZCash, but they are not bought there, actually such amount is bought nowhere or we would see it again on some exchange as high volume…
Than the next factor. Let’s say someone on Lbank buys indeed ZEC for 130 million day by day. Where are these coming from daily? Lbank doesn’t mint them, right?
There are a lot more things that doesn’t fit with the money laundering scenario, leave alone the perfect crime, but too tiered to write more…
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Lbank ZCash addresses might be t-addresses, but buy Zcash, shuffle it through z-address and return it to exchange to different account owner, and you have anonymous money clean of any tracking.
Why speculate about some elaborate (but actually it would be entirely traceable) money laundering operation, when fake volume is just a much more plausible explanation?
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Because if that money is traceable as you say, then I dont see the point of privacy in Zcash. It doesnt matter what its used for and why, if the transactions are private, Zcash should protect its users.
Because it makes it a better conspiracy theory.
Fake volume is bad enough. No need to add fake news to the list.
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There is no privacy (transactions) on a KYC exchange to begin with …
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imo, the inflated volume (having a hard time with the term “fake volume”) is probably wash trading. wash trading is how a market maker paints the tape.
is zcash officially trading on coinbase? coinbase pairs don’t seem to be listed on CMC yet Zcash price today, ZEC to USD live, marketcap and chart | CoinMarketCap
also, is ZEC/USDC the only ZEC trading pair offered on coinbase? no ZEC/USD, ZEC/BTC, ZEC/ETH?
Although the legal framework for the regulation of cryptocurrencies is not yet set in stone, there are some basic trading activities that are understood to be illegal and constitute a crime. One example is [ insider trading ]. Another example is known as wash trading.
==> one of the reasons we won’t see such inflated/faked volume on exchanges that are based in the USA/EU …
What is Wash Trading?
Wash trading is a process whereby a trader sells and buys a financial instrument for the purpose of creating misleading and artificial activity in the marketplace. In this case, the “financial instrument” is a crypto coin or token.
==> In the case of Lbank and some other of these chinese exchanges they are doing it themself, mostly to get into a higher/bettr ranking as an exchange and to attract traders for their exchange. At least that seems most plausible…
The idea is to sell at a loss and re-buy to give the impression that there is actual trading activity — when actually value does not exchange hands, but rather stays in the same hand through the transaction. This is considered illegal because it falsifies the trade volume.
==> Even you don’t like the term “fake volume” it perfectly fits. Falsified trade volume is just that, fake volume.
Wash trading was declared [ illegal in the USA ] in 1936 when the Commodities Exchange Act was passed.
==> just as a side note backing up it’s illegal…
Wash Trading in Cryptocurrencies
In the cryptocurrency market, there are signs that imply that some exchanges engage in wash trading to inflate their trade volume numbers. The methods used by Coinmarketcap to determine the trade volume …What could fuel the motive for wash trading? The BTI research noted that up to 90% of referral volume from new and aspiring exchanges comes from ranking websites, with about 83% coming from Coinmarketcap alone. This provides a motive for exchanges to overstate their daily trading volume through wash trading.
==> Again, taking a closer look at the coinmarket cap volume numbers it’s obvious that a lot of numbers are fake, unreal and inflated. They just don’t fit into the whole picture, it’s indeed easy and simple as that if we use common sense and forget for a moment that we are ZEC fans and lovers and take aside our wish thinking and pink dreams. It just doesn’t help if we rely on fake numbers, it actually hurts us all if we use and take faked numbers as real.
I even found just now the Lbank ZEC fake volume researched…
Seriously, even this is (obviously) an unpopular approach, everybody should do himself a favour not taking into account fake volume, it just doesn’t help us in any way…
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Of course there are no privacy transactions on exchange. I am talking about sending a transparent transaction to your wallet address, then sending it to z address, then splitting it up in different amounts, then sending it back to transparent addresses, and then to couple of other accounts to that same exchange.
What do you achieve with this? As soon as the transactions hit/come to/from a KYC exchange there is no more privacy, it’s really as simple as that. Not even talking about the ZEC/ETH issue…
Why does this thread once a week get derailed in funky arguments that should be address somewhere else?
I’m preparing myself for a longer bear market and put orders for ZEC @70 then double the ammount @60 and so on till 20$.
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I don’t think the fake volume issue is a derailing in anyway. If you build your price speculation on faked volume and/or back it up with massive fake volume any counter argument should be in the very same topic.
Additonally we all should be more aware of such issues and don’t take any numbers automaticly as granted and real, no matter how good they look and fit our pink dreams…
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You achieve that money change hands from one person to another with no tracable proof of them transaction between each other. Like I said they need to make a payment one to another. They have ETH, but ETH is very much traceable. So they buy Zcash, wash it around in couple z addresses in their own wallets, send it back to that exchange in different amount and to couple of accounts, sell it back to ETH and withdraw.
Money has exchanged hands and no one can tie those 2 together.
Also one more thing. You can find people selling you their KYC information, with pictures and all for 50 euros. This is how secure KYC is.
Mate, it’s not working like this. Have you ever had a real tax audit and the tax office coming to your offices?
In my career i have dealt so far three times with investigations on tax evasion with this and i can tell you that’s real serious. I was subject NOT because i was subject to them but because i had relations with 2nd and 3rd tier people that had investigations and came that way on their radar…
If you think nobody can tie those 2 together you are just plain wrong. As soon as the tax office or some investigation service begins investigations on a given person/account/company all others having financial relations with these are investigated too, just logical that they follow the money flow.
In your case scenario this would mostly begin on the exchange account holder. He than has to disclose to whom and why and what he transfered and back it up of course. Now they have the data from the next chain and investigate him as well. That’s how financial investigations work and just because a ZEC zadress gives you some privacy online doesn’t prevent you being the target from a real life investigation for sure.
Hence why i said, as soon as you (or someone else in the chain), has dealt with a KYC exchange your privacy and anonymity is exposed.
It would work only if you stay below the radar with smaller amounts, but i personally consider 130million daily not a small amount, lol.
As a side note, hopefully you never get subject of such investigation. Seriously, they size everything and freeze everything for the period of investigation and you have to proof/explain all money flows for the last up to 10 years… That’s a hard task and no fun.
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Mate, this works with small amounts not with bigger amounts. Ever checked the requirements of KYC for bigger amounts? Detailed bank information, proof of income, tax declerations and whatever not, if you are going to trade with bigger amounts…
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That is true, but who says you cant make a bunch of small accounts.
Ok, i guess you need below $10,000 daily to stay under the radar.
This would need 13,000 accounts, 13,000 phone numbers, 13,000 cell phones, 13,000 daily logins, 13,000 different ip’s, 13,000 faked KYC’s, 13,000 daily tradings, 13,000+ ZEC wallets (1/2 of the excisting active ones!!!), 13,000 the KYC process, 13,000 whatever. Really? Come one, there are better more easy and efficient ways of money laundering where you don’t involve a KYC exchange …
But that’s indeed offtopic now, agreed.
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agree, but this argument should take place in another discussion.
Fake volume has influence on the price? Great, so what? One fully detailed post wasn’t enough?
I’m not saying you are off topic or that this issue shouldn’t be addressed, I’m just asking if we can keep things simple and keep on speculating as we have been since the inception of this thread. There is no need to dig deep into arguments that can be much more productive in a seperated thread.
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Yeah this is unlikely, fake volume is more likely.
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It’s traceable for the exchange; they know which account(s) were involved in any transaction. If you’re law enforcement then there are basically two cases: if you have evidence that the exchange is in on the hypothetical money laundering, you raid them and get their keys. If not, then you get them to tell you about the transactions you’re interested in.
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apparently nobody knows?!!! weird! coinbase still not listed on CMC.
edit: just realized ZEC market’s on coinbase pro, not coinbase. coinbase pro only has a ZEC/USDC pair. who uses USDC? shouldn’t we have a pure USD market, and at least a BTC pair? do people have to convert USD, BTC, etc to USDC to buy ZEC?
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It’s tradeable on Coinbase Pro, no USD pair, only USDC. (read: 5% markup)
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Well then Zcash hasnt fully been added to coinbase yet, only partially.
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“Nasdaq has, it would seem, been working on delivering Bitcoin Futures for most of 2018, with Christinat stressing the organisation has had eyes on cryptocurrency for years.”
“We got into the blockchain game five years ago”
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ZEC/USD pair is the most important pair, imo.
believe a large % of ZEC/USD pair could indicate new money. went through all ZEC/USD markets with volume over $1,000.
(rounded)
finex - $1.5 million
bitinka - $240K < never heard of them
gemini - $195K
exmo - $146K
kraken - $81K < this should be one of our largest markets. one of the first to list ZEC!
cryptology - $22K
local trade - $18K
cex io - $10K
bitebtc - $9K
trex - $6K
yobit - $1K
ZEC/USD pair has (roughly) $2.2 million 24 hour volume. this screams to me ZEC needs much more outreach. $2.2 million is illiquid.
side note - only other ZEC/USDC market i could find outside of coinbase is polo. ZEC/USDC pair is racking-up a very unimpressive $13.5K volume
Everything is falling again
Now, I could be wrong, but I’m not expecting the price to go lower for today. There is strong support in the 64 USD price area.
What support dude? There is strong support at 40$ sure
Judging by orders there is a solid support at zero.
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By the year end we reach 0😁
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No worries guys…
Some of ETC devs are leaving the project due to problems with funding. Aren’t you glad Zcash has developer fund right now ?
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Happy holidays, 2018 shakeout
Quite sincerely, yes! I know that the Zcash Founders’ Reward was controversial, to say the least, but I think it was a clever way to align incentives and provide ongoing funding.
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Looks like we bounced, recovery started. I think we are heading back to $80-$85.
Probably gonna play sideways for a little while.
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lots-of interesting things happening in Q1/Q2 2019. one day i’ll quit being lazy, and write what i think will happen in 2019. i’m pretty excited to say the least.
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Hope you write your view of 2019 soon, would be interesting reading. And i’m also pretty excited
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what does this mean???
Be afraid be very afraid
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Soon 66.6$ is coming
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It means the widespread effects of numerology and the Roman empire are resoundingly vast
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…adjusts sell price to $666
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looks-like coinbase actually listed ZEC today
Yes, this is coinbase, not coinbase pro.
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Wow the dump is real after adding zcash to coinbase.
Yes seems opposite effect😂
I remember, when you told earlier this year, that this year zec is listed to Coinbase in 2018.
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Next year Bakkt and NASDAQ ?
Hope that Bakkt is starting in January
They did say they are planning to add more cryptocurrencies other than Bitcoin.
imo, bakkt is possible, but NASDAQ is probable.
imo, for an alt to even be considered for listing on true player exchanges like bakkt, and NASDAQ’s being listed on both gemini, and coinbase. zcash just joined that exclusive club. there’s more to it than that, but being listed on both exchanges is the key.
side note - i don’t believe alts like BCH will be considered, only originals.
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If I was the one picking the coins, top 5 would be BTC, ETH, ZEC, LTC and ETC.
Top meaning last to go to $0 right? yeah
I find it tough picking more than 3. BTC only because it was the first and more recognized. ZEC for obvious reasons of it being a better BTC and we don’t need BTC when ZEC is ready. ETH because it can be a game changer(Web 3.0, “world’s supercomputer”) and has the most development. LTC adds nothing new to the above list. ETC doesn’t either and the developers are quitting. I would pick XRP and XLM over these two.
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I get what you are saying, but is there any point to trading Silver when we have Gold ? Silver adds nothing
Zcash is in accumulation phase since August, how long will it last before market makers pump it ?
THE ACCUMULATION PHASE
The first stage of a bull market is referred to as the accumulation phase, which is the start of the upward trend. This is also considered the point at which informed investors start to enter the market.
The accumulation phase typically comes at the end of a downtrend, when everything is seemingly at its worst. But this is also the time when the price of the market is at its most attractive level because by this point most of the bad news is priced into the market, thereby limiting downside risk and offering attractive valuations.
However, the accumulation phase can be the most difficult one to spot because it comes at the end of a downward move, which could be nothing more than a secondary move in a primary downward trend - instead of being the start of a new uptrend. This phase will also be characterized by persistent market pessimism, with many investors thinking things will only get worse.
From a more technical standpoint, the start of the accumulation phase will be marked by a period of price consolidation in the market. This occurs when the downtrend starts to flatten out, as selling pressure starts to dissipate. The mid-to-latter stages of the accumulation phase will see the price of the market start to move higher.
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But silver is a raw material used to make things. The only real use for other coins is to help with scaling issues when fees go up… Once ZEC can scale enough they won’t be necessary. They can still be used if people want to they just won’t be necessary and they aren’t private.
Anything you make with Silver you can make with Gold, just more expensive 
so what is the point of Silver then?
Yes it is cheaper and less efficient a conductor. If gold was as cheap as silver would silver be used? That was my point above: Other coins aren’t needed if ZEC can scale enough and have low fee transactions and be more private(gold). If the fees rise then another coin could be used for cheaper transactions(silver).
The BTC = Gold LTC = Silver analogy is ancient and stale, guys. Metals are different than cybercoins. This is a perfect example of why analogies are horrible for debate. You’re -by definition- talking about a completely different thing. (Analogies are great for illustrating a new concept, though!)
To say something on topic: The value prop for LTC I find most convincing is this: it’s a btc-like testnet which, unlike a testnet, has real value, real incentives.
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going to figure out if lbank is a scam. so far they seem like a legit exchange. china based, so little more difficult to research deeply, but considering lbank is listed as ZEC’s top exchange; we’re going to figure this out. interesting how much volume zcash gets on asian exchanges.
asian exchanges dominate zcash trading
which is pretty amazing considering US taxpayers helped fund zerocash protocol’s development. don’t get me wrong, i’m not bitching about this, woukd like to see more US participation. coinbase’s volume has started to pick-up. noticed CMC started including coinbase.
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also, seeking alpha gave zcash forum a little love yesterday 
we do try to keep it interesting, up in this piece! also, good morning!
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Good idea to research Lbank, maybe even try it as i didn’t even bother to register there. I would like to hear your feedback if you register at Lbank and check if the orderbooks and everything else correspondents to the volume and prices…
About the Forexbrokerz.com review: 3 reviews for an Exchange that claims having 20x the volume of Binance?
Actually the forexbrokerz.com site itself is being accused being a scam, just as a side note…
About the aBitGreedy.com Review: This is a good review actually. However, the review only includes interface, trading fees, and such and nothing about volume.
Same with FXempire, i get even 0 stars there and 0 reviews…
Below some more interesting findings about Lbank:
Interesting part:
just go on their exchange and see, it’s 100% fake trades, only trades of thousands of ven happen, trades that happen don’t correspond to order books and the difference between one trade and another is sometimes even 20%
Interesting part:
Furthermore, there is absolutely NO liquidity at ALL on LBank, even though CoinMarketCap reports an average of 100k trading volume every day. I literally checked the orders continuously while my sell order was at the very bottom, and it hasn’t been touched in 4 days! I came to realize that there are bogus trades being made every 5 min or so within the 4% margin to essentially create artificial volume, which is plain fraudulent!
The original Report of the Blockchain Transparancy Institute, in my opinion the best one anyway:
https://www.blockchaintransparency.org/reports/
In their November issue Lbank isn’t even anymore listed as a top 68 exchange. Have in mind that only the Lbank ZEC volume would grant the #8 place by exchange volume and this would be more than whole Kraken volume!!!
https://www.blockchaintransparency.org/november2018/
Interesting reading generally about fake volume:
https://www.bloomberg.com/news/articles/2018-09-27/crypto-s-open-secret-its-multibillion-dollar-volume-is-suspect
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sheeeit …guess coda has an alpha testnet up. super excited about this!
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To help you a bit more with the Lbank review. Taken some exchanges and the daily website popularity:
As said allready in my last post, only the ZEC volume on Lbank would rank it #8 by volume along all total volume exchanges.
Lbank.com, Daily volume: $391,209,459
Tradeogre.com, Daily volume: $111,236 USD
Binance.com, Daily volume: $688,731,686
Kraken.com, Daily volume: $147,505,327
Bittrex.com, Daily volume: $46,691,701
Bitfinex, Daily volume: $313,632,483
Alexa even doesn’t list Lbank neither global nor in China… While this is no proof of course, it’s a strong indicator that they just have any website traffic at all…
Alexa Website Traffic:
Lbank: Global Rank: None, China Rank: None
Binance: Global Rank 984
Kraken: Global Rank 13,438
Tradeogre: Global Rank: 24,250, China Rank: 12,904
Bittrex: Global Rank: 4,631, US Rank: 3,371
Bitfinex: Global Rank: 7,889, Japan Rank: 3,954
Ok, SimilarWeb lists Lbank, the stats and daily visits speak for itself in my opinion. Even in China the site is as good as unknown…
SimilarWeb Website Traffic:
Lbank: Global Rank: 14,242,133, China Rank: 742,054
Binance: 1,471, US Rank: 1,981
Kraken: 11,682, US Rank: 11,293
Tradeogre: 28,393, Russia Rank: 8,431
Bittrex: 6,388, US Rank: 6,823
Bitfinex: 11,175, Russia Rank: 5,454
And as we are about stats, let’s check the highest Trade Pair of each the above exchanges and compare them:
Lbank: ZEC/ETH, $104,689,070 24/h volume, 26.76% of exchange volume
Lbank: ZEC/BTC, $36,473,566 24/h volume, 9.32% of exchange volume
Lbank: ZEC/USDT, $10,389,038 24/h volume, 2.66%, of exchange volume
Binance: BTC/USDT, $189,358,054 24/h volume, 27.49% of exchange volume.
Kraken:BTC/USD, $42,563,364 24/h volume, 28.86% of exchange volume
Tradeogre: SUQA/BTC, $15,788 24/h volume, 14.19% of exchange volume
Bittrex: BTC/USD, $5,132,102 24/h volume, 10.99%% of exchange volume
Bitfinex: BTC/USD, $136,603,547 24/h volume, 43.56% of exchange volume
Really? The ZEC volume is nearly as high as the BTC/USDT on Binance? Bigger than the BTC/USD on Bitfinex? Over 25x the most popular BTC/USD on Bittrex? Not really or?
P.S.: I added tradeogre, a mini exchange to the comparision to show that even super mini exchanges are listed on the web ranking sites by traffic. And this tradeogre mini exchange with $111,236 daily volume has 1000x of more visitors than Lbank…
Silver has the highest electrical and thermal conductivity of any metal, bout 50% more than gold
Price wise, it is the definition of stability, in the past hundred and ten years the price hasn’t fluctuated more than about $110
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For all of that you could use Copper or Gold, my opinion hasnt changed, Silver is not needed, and only reason its price is sort of high is price manipulations.
It does tarnish…20cha
gemini’s really killing it today.
coinbase continues it’s volume; coinbase could become our largest US market very fast. pretty amazing stuff here. imo, shouldn’t be too bummed-out about current exchange rates.
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I dont know why you are excited. Volume increasing price dropping is bearish sign.
Lucky for us, it might be fake volume.
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not when the market’s in the middle of accumulation.
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I dont know what this has anything to do with. Can you give me any lead or examples on how volume increasing price dropping was ever a good sign ?
Use traditional markets if you have to
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also, these are significant volume gains from gemini. almost double typical volume. now gemini’s market makers need to compete against coinbase makers for market dominance.
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Think the current BCH (ABC/SV) gains are at BTC expense, so yet again squashing the whole market.
volume increasing in an accumulating market is a good thing, imo. trading is very subjective, so you don’t need to agree. you should sell all your zcash.
I am asking you to provide me some read about it, where the author agrees with you.
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sure i could dig something up, but i don’t care enough to do so. i’m a dominant trader that’s been successfully trading cryptocurrency since 2011. i’ve seen it all! i’m the author of my own story.
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somebody is buying every ZEC sold. that’s really all there is to it. coinbase USDC volume has almost doubled since yesterday too.
USD is our least liquid market (easiest to manipulate). with added volume that will hopefully be changing fast. strong/liquid USD pairs is how we decouple from BTC.
Julius Malema!!!.!.!.!.!.!.
imo, we’re probably getting hit so hard because we’re currently losing short term traders that specifically bought ZEC for coinbase listing. once the sad pandas are gone things should start improving. they haven’t suffered long enough to enjoy the impending zcash mewn shot. also, NASDAQ rumors haven’t had time to pick-up steam, but they will! smart money is buying!! okay, i’m going to go shitpost elsewhere for a minute …have a good one!
edit: also this
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I say keep buying ZCash all the way down…then wait and wait…let’s hope there’s a payoff in 5 to 7 years!
Everything is sinking pretty bad…
keep trying to actually go, but something is happening on gemini. volume is incredible compared to the average. gemini USD pair is really impressing me
continues like this; good chance gemini’s ZEC/USD pair could crack the top 10 today.
Do we see some up movement this year, or rather 1st quarter of 2019?
(especially the first week)
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If someone is buying every Zec sold then price would not go down…it would stay the same…but if more people sell then buy then price goes down…i dont know how are you a trader with out knowing basic stuff.
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Actually the price goes up when there’s more buying demand not necessarily 1-1 trades in which kek is i think talking about
Edit: The ZEC/BTC price has essentially been trading sideways since August.
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unsure you understand what i’m talking about. i’m not talking about buying or selling pressure. i’m talking about straight volume. nobody here is going to convince me more volume during accumulation is a bad thing.
side note - nobody would sell anything if there wasn’t a buyer.
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happy forum birthday!
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Thank you, love being apart of this community! Can’t wait til the later zcash adopters show up in the future, read posts n-years ago and cant believe we debated 40-60 ZEC.
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thing i’m amazed, and excited about is gemini’s ZEC/USD pair is doing more volume than bitfinex’s ZEC/BTC pair.
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Gemini and Coinbase volume are fresh money coming in. Bitfinex volume is money that is already in crypto world.
And again…
There’s literally no such thing as unequal buy and sell volume, ie executed trades. There is precisely a buy for every sell and vice versa. There is unequal order book depth. Sorry for the nit pick
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The SEC is just memeing at this point
Off topic Bloomberg - Are you a robot?
She was arrested Saturday, charges unspecified but seem to have something to do with Iranian sanctions violation
The trade war is getting real
$55 - its getting interesting now
Could have something to do with CFT rejection
One bill directs the Commodity Futures Trading Commission to describe how price manipulation could happen in virtual markets, then recommend regulatory changes.
The FTCs CFT (RSVP) response, final approval date 2-27-19
https://t.co/gth5IKJQ4N?amp=1
Its a pdf
40$ should be the next support. Lets see if it holds… When we bounce above 100$ i am changing my avatar to celebrate
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The support we have for each other is what matters and I’d like to say thank you to the Zcash Co, the Zcash Foundation and EVERYONE in the community all over the World
Thank You 
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US banditism is off the chart…UN lift the sanction off Iran…only US and Israel still hold and they arrest vise president off biggest phone companies in the world and is not in US for selling phones in Iran.
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Well that world is getting smaller …no one in that world cant buy Zcash miner for now a long time so commitu is getting smaller every day…and price drops 10-20% every day …so from my perspective and many who i know and who were in Zcash from day 1 and cant say thank you Zcash Fondation because there is nothing to be thanked…they were doing good job maybe first month or 2 off Zcash and that is it.
And still you’re around, so they didn’t do everything wrong.
best conculsion ever.
“you are not dead, that means they did everything right”
no they did everything wrong, if zec is used to pump cash SV.
he is back
I didn’t say what you said FULL STOP
It would have been smarter for these Bcash’ers to pump and promote Zcash than to fight these hash wars. It would be easier to convince people that Zcash is the way to go than promoto a fork of BTC.
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outside of market performance; zcash has had an excellent year. no altcoin on the planet had a more steady stream of good news than ZEC in 2018 (not just saying this because i’m a zcash fanboi). zcash upgrades have gone according to schedule, with no obvious mishaps. more outreach is needed (outreach outside our industry), but i would grade them a B+.
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seems-like we’re finally moving a little more sideways than down. hopefully we’ve found support. no nice bounce yet, so be wary.
It doesnt matter because Zcash has been mined with ASICS for entire second half of the year. Bitmain and Jihan are still battling their hash wars with Craigh Wright, and they need every penny they can get otherwise they lose everything, and meanwhile they do not care about Zcash. How much % of zcash do you think is mined in China? i would say at least 45%, but maybe someone has better stats. They are fueling their hash war using Zcash. As for the sideways, you are mistaken, we are still going down.
Some interesting charts that might help (or not ) some people that struggle to realize how much fake volume we are dealing with …
Full November report:
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Lol, that’s right about when I made my first ZEC purchase on coinbase last night. Maybe that was the “this is just too discounted” price.
Edit: since I have no intention of selling ZEC anytime soon, more downside would offer better buying opportunities. I just find it hard to believe that it can get much lower.
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currently, both bitfinex, and gemini ZEC/USD pair’s doing more volume than ZEC/BTC pairs.
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And under 50$ we are, have to buy more, but where is the bottom?
So many early adopters sold their coins/tokens to bankers. =(
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What dou You think?
There is too many short positions on BTC right now, I think short squeeze could bring BTC back to 6000$
Market sentiment today
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Murad warned of a dip to ~3000 loud and proud all summer. His analysis makes sense to me.
Looks interesting
From this
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Exactly what I was talking about, they can squeeze shorst until 5000-6000$
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Hmm this bounce to 0.017 levels assures us Zcash is still in the same zone of accumulation like it was since August.
Hasn’t Zcash been in the same zone as other alts compared to bitcoin? It seems everything scales almost linearly with bitcoin. Every major crypto appears to occupy the same relative position. ZEC is always close to midway between Monero and Dash.
No, Zcash started accumulation phase back in August. Other altcoins have not.
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Oh BitcoinCash lol
Its done on a cell phone
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Bitcoin Cash is just a distraction from Zcash. I feel bad as this is creating mass confusion to the n00bs.
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Yeah its off topic, sad really, not every day (ever) you see the “nightmare scenario” carried out with such whimsical ease
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Fake volumes, pressure from governments. Price is going to zero without any resistance. Where are you, Kek? Tell us fairy tail about how we’ll go to the moon some day. I myself don’t see any reason for crypto to rise again. It’s not a traditional asset, it has no real value. Adoption? Ha ha…Unless some revolutionary coin appears but anyway. It seems that for all existing coins this is already the dead-end. So someone please tell me beautiful story about zec for $60 000 while i’m trying to get some sleep.
Price drop caught up with Horizen developer funds, they just announced increasing dev fee fund from 10% to 20%.
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And while I’m still here… On this chart you can see how volume looks without manipulations (you can not even see it).
Call me stupid but I see some relation here - when there is a demand for coin - price rises and volume rises too. When there is no demand - price goes down and volume goes down too. And if volume is sky-high on three murky exchanges while there is absolutely no demand for coin on other exchanges - it’s abnormal. And this explains why this sky-high volumes don’t affect price at all. See you when zec is $35.
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Its no use to look at ZEC/ USDT chart, its highly influenced by BTC drop. Its better to analyze ZEC / BTC chart.
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sell all your zcash before it goes to zero
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everybody else …hang tight, and don’t lose your vision. imo, you will be rewarded. just need to be patient.
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Once this accumulation phase is over, it will be time to fire back up @kek’s Memetics Department to full capacity, and then once the memes get the party started, we’ll all Party Like It’s 2017.
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So 40% now, no vote, just decided because Horzons broke
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7 day review on top 20 coins versus USD. ZEC 2nd worst right after BCH…
BitcoinSV BSV = -0.77%
Dogecoin DOGE = -6.78%
Tron TRX = -7.71%
NEM XEM = -10.37%
Bitcoin BTC = -13.83%
Ripple XRP = -14.91%
Tezos XTZ = -16.31%
Ethereum Classic ETC = -16.54%
Binance BNB = -17.93%
IOTA MIOTA = -19.56%
Ethereum ETH = -20.03%
NEO NEO = -23.05%
Cardano ADA = -23.09%
DASH DASH = -23.84%
Litecoin LTC = -24.15%
Stellar XLM = -24.39%
EOS EOS = -24.77%
Monero XRM = -24.86%
Zcash ZEC = -27.20%
BitcoinABC BCH = -32.59%
7 day review on top 20 coins versus BTC. ZEC 2nd worst right after BCH…
BitcoinSV BSV = +15.15%
Dogecoin DOGE = +8.18%
Tron TRX = +7.10%
NEM XEM = +4.01%
Bitcoin BTC = +/-0.00%
Ripple XRP = -1.26%
Tezos XTZ = -2.88%
Ethereum Classic ETC = -3.15%
Binance BNB = -4.76%
IOTA MIOTA = -6.65%
Ethereum ETH = -7.20%
NEO NEO = -10.70%
Cardano ADA = -10.75%
DASH DASH = -11.62%
Litecoin LTC = -11.98%
Stellar XLM = -12.26%
EOS EOS = -12.70%
Monero XRM = -12.80%
Zcash ZEC = -15.52%
BitcoinABC BCH = -21.77%
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gunna repoast this because i think it’s kinda funny …truth be told, cannot believe we get the opportunity to trade ZEC all the way back to +1,100!! basically the situation we were in early 2017
lol
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You can buy BTC using Cash App by Square, didnt know that
Privacy related Sundar Pichai, Google’s C.E.O., Testifies on Capitol Hill - The New York Times
crazy how Square is getting more volume than Coinbase now apparently
We could already be rewarded if we didn’t share your optimism
I love you really I missed this positiveness of believer. I remember you singing this chant the whole year while zec have been loosing 80% of it’s average price. What “vision” are you talking about? All who had real “vision” could multiply their zec amount during this bearish time.
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uhhhhh … this is excactly what smart money’s doing. when did i say you shouldn’t buy ZEC when cheap? that’s the whole game. if you want professional trading advice; you’ll need to pay-up. i don’t know any traders that work for free
side note - you didn’t sell @ $900? hopefully you learned a lesson. now, don’t @/me anymore. i try to avoid negitive people. good luck!
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It all depends on how your looking at it.
As a HODLer you don’t care if bear market is 1 month, 2 years or 10 years.
Long term goal > short position
The lower it goes, the more we can buy. The more time it takes for a bull market the more I can invest for potential return.
If your looking to make a quick buck I would suggest
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You should make your own forum topic then. Only for optimists.
you should learn how to trade.
This market is abnormal. It’s not same as traditional markets. It has much in common with pyramids. So it’s normal to come here to read and share oppinions. I have no offence. I only noticed that your optimism has no foundation. This is all.
read zcash news from 2018… no altcoin had better news. this is boring me now, and plz don’t @/me anymore. i understand you probably bought around dec 2017, and probably upset, but i’m not your whipping boy. again, good luck!
Why all the negativity @gglpnh?
It’s a freaking speculation thread, not all magic tricks are to be shared with the public, and if everyone knew your magic trick it doesn’t make it a magic trick anymore.
kek has nothing to prove to you or anyone. Can’t you just appreciate someone sharing positive thinking instead of going on all sherlock mode to prove something that simply no one can: markets are unpredictable.
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It does not matter when I bought and who I am. It only matters what to do now. So if you don’t want me to address you personally - ok. I’ll say it like this then. Is there anyone here who can give some math and explanations why zec should not go below $10 and should rise to above $100 ?
Can someone tell me stock prices of TSLA, GOOGL and AAPL of any given day of the future?
How does that sound?
if you started off asking questions like this; would’ve taken some time to explain. hopefully somebody can help you out.
Have in mind we are on the ZEC forum, it’s normal most people are biased. Questioning the value/price/prediction of “to the moon” isn’t popular on a given currency’s forum/channel. Best example is Verge, when you question something there you are getting to get lynched online, lol.
Nothing bad with this, and the ZEC forum, to be fair and honest, is for sure a more neutral and friendly one when it comes to different views than “to the moon”. Everybody should be free to think and write his thoughts about the ZEC value and price. Most hope/think it will raise soon, others don’t. That’s ok, it’s a speculation topic here and no bad feelings should occur at all.
While i personally rarely have the same opinion like kek i honor his opinion, no matter it’s different of mine. And most often the true of 2 total different opinions/thoughts is in the middle somewhere.
This said, everybody should make have his own strategy. I myself for example sold a lot of ZEC at $105 and than again at $75, no matter that most thought this is a good entry point, for me it was a perfect exit point as it was clear we will go down at least to $50 soon… If i get indicators that we will go down to $25 i won’t hesitate to sell at $50 as well, easy and simple as that. You always can buy more back later than.
We shouldn’t really argue about opinions. Here and there we can question something like volume or some other indicator, but at the end of the day, it’s a speculation thread…
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This is exactly what I want to see in price speculation thread. Some logic, some math and news. And not just stupid believing. There is a lot of religions already for such approach.
i’m optimistic about zcash, but i’ve always been open with my criticisms too.
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also, i’m having a difficult time finding any hodl posts. attempted to call the bottom, but cannot remember telling anybody to hodl no matter what. one exception might’ve been when i told correctly told people they’d be kicking themselves for not buying under $100 early 2017.
Maybe these posts of you fit into the category “hold” …
November 30 (ZEC Price $80)
zcash holding tough! people selling ZEC @ current levels are going to hate themselves in a couple weeks!! dash within the crosshairs again. do we permanently defeat dash’s exchange rate today?? kekekekek
April 1 (ZEC Price $182)
…
anybody selling at these levels will hate themselves by year’s end.
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You were faster than me Thank you for samples Actually I don’t remeber kek ever advising to sell. Almost all his posts past year are like today’s one. I start thinking that he is being paid for his positive propaganda… Poor negative me
@boxalex and @gglpnh I marked your latest post as inappropriate.
Picking on members is not cool, unproductive and against code of conduct.
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Are you serious ? I’m not sure if gglpnh deserves to be reported but boxalex certainly didn’t do anything wrong.
What is inappropriate in reminding someone his own posts from before? I asked if someone can explain me why zec should not go below $10 and should ever rise again above $100. [Moderation edit by @daira: comments in an argumentative tone deleted.] This is price speculation thread, so I think my question is more than appropriate here.
[Moderation edit by @daira: personal attacks deleted.]
I’am not picking on kek for sure. He posted that he doesn’t remember such hodl posts and i help him 2 remember some of these. Additionally my post bevor these i honor kek’s posts, no matter i don’t agree with a lot of them. That’s far away from picking on someone… But ok, your choice, your decision, your interpretation …
i told you to sell all your zcash before it hits zero.
There is nothing to sell already. I don’t need this pennies.
guess that counts, fair point… i’m a zcash bull, i’m always looking for bullish indicators. cannot be 100% correct all the time, so i won’t post anything else in the speculation thread.
sell all your zcash, we might even go negative.
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i can! you didn’t approach me in a respectful manner, so don’t expect anything from me. lol
Hmm…lets see…kek says sell, grumpy posts in this thread, price is down… think I’ll buy some more.
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okay, didn’t know i was dealing with a kook. the saying, “you’ll catch more bees with honey” comes to mind. asked you several times to not @/myaccount. i pay attention to my @/s on the forum, so, when you @/me bullshit - it wastes my time. sell all your zcash.
Case closed, back to the speculation line.
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zcash will hit $1,100 in 2019.
gunna ~ kektimestamp ~ this one so i can find it easily when it’s time to humblebrag.
have a good day happy kahunas!
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random thought - if anybody’s having a bad time, and feels like they need to talk to someone - send me a PM. i’ll talk with you. that goes for anybody, even if we’ve argued in the past.
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Cant speak for anyone else but I’m having a ball - nice of you to volunteer for the Suicide Hotline.
How about an occasional ‘really long’ write up on where you think the mkt is going long term? Think we’d enjoy that.
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Moderators are leaving the flagged posts as is but let’s not have this topic derail or make anyone feel singled out or attacked.
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36 new posts overnight, and seeing you all argue and attack each other makes my heart warm. Also tells me we are at the end of the cycle.
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bullish:
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I’m continuing to buy more ZEC at these prices…while I hate to see the price drop from ~851 to (damn near) 51 in a year, such is life…long term is the outlook…L-O-N-G, long…just look at the dot com bubble almost 20 years ago for guidance…pets.com is now petsmart.com…
It’s my opinion that the crypto space is similar to the dot com era in that following the bust of the dot coms, the dogshit got killed off and the diamonds in the rough hung on…Amazon, Google, Paypal, EBay, etc. are still here and are very valuable. Could what happened to dot coms be what is - and has - happened to cryptos? Dunno, but it’s been my theory from the rip, and I’ve been saying that for almost 18 months right on this very forum.
It’s also my opinion that ZCash is one of those diamonds whose value will/may be fully realized five, ten or more years hence. It offers real privacy to real people everywhere. While there are host of obstacles to clear, the ZCash horse is a winner.
Ian indicated in his video (posted above) that UX is a major factor in adoption, but three other factors are also in control of user adoption, and they are knowledge of ZCash and its benefits, wild price fluctuations, and lack of places to use ZCash in consumer commerce…
Consumer Awareness of ZCash: This issue lies squarely on @zooko’s head. Why to this day no real effort is being made to tell the masses about ZCash and its benefits by the ZCash Co is still a mystery to this user. Is there a CMO at ZCash Co? If no, srsly…wtf? If so, then wtf is that person doing?
Wild Price Fluctuations: I can understand why no one wants to use ZCash or any crypto in commerce since what it’s worth today my or may not be what it’s worth tomorrow; and that can be a lot. Since the value of assets in the crypto space are controlled by mostly irrational and unsophisticated “investor-speculators”, minute-by-minute value can vary considerably. And that scares people from changing fiat into ZEC to use in commerce. Widespread user adoption will not occur until the price of ZEC becomes more stable.
Merchant Acceptance: I own a business and have almost twenty thousand customers around the world. I’d take ZEC for payment (especially now) but due to the whimsical market forces, it’s prohibitive to do it since the value still can make these wild swings…and I am aware and enthusiastic about ZCash! I’d bet 99.9999% of sellers of goods and services out there don’t even know about ZCash and the few who do won’t use it yet.
Anyhow, I didn’t plan on this to be a rant! tl/dr: Buy ZEC…it will be good in 10 years if and when improvements come!
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Another data breach, Marriott
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For example, Bitcoin makes “halving” when it needed.
Why other cryptocurrencies do not make exact the opposite of it?
why they do not make “doubling” of their coins?
Why wouldn’t ZCash do that? Make “doubling”…
We could say the same to thanos
Jokes aside, doubling coins wouldn’t bring scarcity and price would degrade.
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dammit …was going to take a gamble on this one after kraken listed it. was hoping ZEC would’ve showed a little life before QTUM pumped, tho… this definitely makes me a little salty. i knew this was going to happen, and i’m not even participating. grrrrrrrrrrr
apparently, they do have a CMO, but nobody knows who who he is. only reason i know the dude exists is he has a twitter account with barely any followers. not very impressed with the cat’s performance to say the least.
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2019 - the year crypto becomes “legitimatized”
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i’m fascinated by kraken’s ZEC/JPY pair. it’s still not doing much, but it’s up from 0. would like to see zcash on bitflyer, or something. we haven’t seemed to have much penetration in japan. it’s a pair to keep an eye on, imo
That would be fair
question, because i’m undecided:
putting together a thing that’ll easily monitor only ZEC/fiat pairings on all exchanges. if you were me; would you include tethers, USDC, etc?
Yes, its relevant as well. Tether and USDC are existing money moving in crypto between coins.
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I think it would be interesting to see fiat moving into crypto, but cryptos disguised at fiat really are not relevant in my opinion. Comparing the two would be more enlightening I think.
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Maybe a good idea if certain exchanges can be excluded, Lbank’s dodgy volume springs to mind.
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They did end up hiring someone that was a VP at a tech company I believe? I also haven’t seen much from them, but I believe they did hire someone as @kek mentioned.
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mebbe next time the zcash foundation has a call for proposals; somebody should try to win a foundation grant for some hardcore marketing ops. marketing a cryptocurrency is much different than marketing for some goofy tech company.
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@zooko - How about breaking down this talk into discrete elements and making a series of videos in a production studio so you can “have enough time” to go over all of the relevant material?
Perhaps this phantom marketing exec could get on it and make it all happen?
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Zcash has marketing team ? Wuuuut ?
I would make it optional. Means in case 1 it shows without USDT and all these stable coins but only USD/EUR/whatever. And in case 2 include them so some comaprison is possible. I think this would be ideal option.
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Josh Swihart (Not [Sean] Bowe sorry!) is VP of marketing development (hes super nice)
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Mmmm, $50 ZEC.
Random thought, we need a meme to compete with BTC’s ‘roller coaster guy’
…maybe a ‘bungee jumping Zebra’
I’m in at 50.76 USD…let’s see if the 50 line holds past tomorrow. (NB: I’m buying every week :P)
Yup, tempting at these prices.
Accumulating & topping up the ‘oh shit the sky is falling’ buy order.
Shut up guys, you are broke since 90$ ZEC
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…you mean ‘broker’, as in ‘more broke’
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Wow they give them 1$ in Zec…and if they want to cash it they have to pay 4$ fee
It’s venezuela not new zealand.
They receive zec and not dollars. They can spend directly with zec without withdrawling into fiat.
I’d say the average venezuelan is more likely to know how to use and spend crypto than the average american/european.
And 3 months of “salary” for + 100 families will bring some interesting data. (difference between fiat and crypto, difference with 1$ a month and not, and so on…)
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Given the above-mentioned pattern formation, ZEC/USD is vulnerable to another steep drop. Near-term support of this pennant should be noted at around $54.60. Should the bears manage to force a break, then expect the flood gates to open. A further wave of selling would likely follow, with the next major area of support, not seen until the $30 territory. The price was last down at these levels in February 2017. A demand zone can be seen running from $35 down to $26.
Doesn’t sound good at all…
I guess I go into hybernation hahahaha Wake me in about a year or 2
We will wake you up in 2020, for Zcash halving
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ZEC/USD 51$ oh no! 
Worst part is, people buying here, will create hard resistance at 100$.
according to coincodex, Dec 14, 2017 ZEC/ was 384.71$ 
I want to go back to 2017 with my A9 )))
who has timemachine?
It was twice that 10 days later…then the bloodletting began and hasn’t stopped. Buy and wait is my plan…we’ll see in so many years hence.
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He might be super nice, but is he doing anything to promote Zcash (in wealthy countries).
@Trololino you have no idea what Josh has been working on. He was one of the key people that helped get Zcash launched on Gemini exchange for one:
Perhaps you should ask @joshs what he has been working on if you have any suggestions how to improve.
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Well a little disclosure on what he was working on since April (Gemini launch) would be nice. I know he doesnt have to, but it would be nice.
I imagine there are restrictions on ‘juicy news leaks’ that limit what he can talk about, especially if it could affect price.
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Getting ZCash listed on another exchange is irrelevant to me since it only serves to feed the speculators. Getting Suzie Soccer Mom to use ZCash to buy yoga pants is more important to the long term.
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Maybe Josh will be around for the AMA today, you guys should stop by and ask these questions there too. Technical AMA w/ Zcash team December 14, 2018 noon PST
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Hi! Thanks for surfacing this to me @Shawn. Hi @Trololino and @kek - fair questions / criticisms and asks. I’ll be around for the AMA and happy to answer direct questions. But more than that, I think I should more broadly share what we’ve been working on, what we’re seeing from the market and where we are headed (Zcash Co). I’m wondering if I should do that here or perhaps a long form blog post would be better? I think I’ll do the latter and then post a link here either later today or early next week. We’re also planning to start quarterly updates via livestream in Q1. Your feedback and questions are welcome.
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Curious as to the “wealthy countries” qualifier. Can you elaborate?
…and we are under 50$
Actually, I am going to share more detail but will need more time to pull it together into a post for the community. It may take me through next week.
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…since you asked
I’d like more posts here about things that are happening.
Doesn’t have to be long, detailed or polished, a paragraph or two would be enough.
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Yes actually. Zcash should push to be more popular in countries like USA, France(riots these past month), Germany, Japan, Korea etc.
What google trends is showing us:
If Zcash is to be any kind of store of value, investors with value must come, not 3rd world countries. I am sorry but that is just the way it is.
Yup, agree, but exchange support is useful.
Here in Chile we have Buda and a lot of Venezuelans who send money home, if they offered ZEC that’d help - right now they can only buy BTC/BCH/LTC/ETH.
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December 14, 2018 - Weekly Update
- Another ATL
Agree. There are a number of market forces at play. This downward trend is true of all crypto, not just Zcash. Everything is highly correlated currently. I’ll include details in the post but we have spent considerable time working with institutional investors and family offices to ramp Zcash and build liquidity. Retail is way down, but Circle, Galaxy and Cumberland all started trading / market making Zcash this year. Zcash is now a top 5 coin in trade volume on OTC desks. My friend at Circle (who runs OTC) is telling me there are a lot of inquiries but many are waiting for certain triggers (for all coins).
Many of the smaller funds are still concerned with the current Zcash inflation rate and waiting until the mining rewards halve in October 2020. The big desks are necessary for building the rails and liquidity needs to help move Zcash from a speculative asset to a viable long-term store of value.
Japan is currently an issue and we are working with regulatory counsel to address the concerns by the most significant SRO. Currently all privacy-protecting coins in Japan are banned from exchanges (Monero, Dash, Verge, Zcash, …)
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Btw, just call me out if you have question so that I get a notification. Unfortunately, I don’t have the cycles to read through all the various threads, all the time. I’m happy to answer questions.
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These declines weren’t hard to anticipate, but we’re getting awfully close to long-term lows. With the current market sentiment I believe ZEC will continue to drop alongside BTC, which I expect to bottom around $1700. Given ZEC’s overwhelming support at $30 coupled with the mining breakeven price sitting at around $30, I suspect that will ultimately be where things start to turn around. ZEC could see high $20’s with a terminal shakeout, but I’m scaling in at these prices with progressively larger buys. Anything below $30 is buying below the cost of production and $15 is approximately what the Founder’s Reward recipients paid per coin.
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I agree BTC’s floor is probably between 2800-1700. I called 40 zec back in july but dont think it dips below that at all. We’ve basically been consolidating in BTC for about a year and ETH longer.
Very insightful comments from @joshs, thank you!
I’m surprised no one remembers Japan banning privacy coins.
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If prices go indeed down to these levels there won’t be any miners left. BTC mining at $ 1,700, just impossible. Same goes for ZEC at ~$20, not even talking about the new wave Asics that seem to be shipped these days…
Serously, a fall down to these prices will absolutly centralize mining to the few regions that have the very lowest electricity prices, for all others “game over!” …
I will buy a lot of zec, if it hits below 40$.
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Yes, the inflation is killing us, if only 30% of mining rewards were given to Holders instead of miners. Like a PoW/PoS hybrid. But we also need a lot more stores accepting Zcash. Now that Zcash is on coinbase, that should be possible right ?
Also can you maybe partner up with bitrefill , bitpay and maybe others who are trying to bring crypto payments to businesses.
Many of the smaller funds are still concerned with the current Zcash inflation rate and waiting until the mining rewards halve in October 2020. The big desks are necessary for building the rails and liquidity needs to help move Zcash from a speculative asset to a viable long-term store of value.
Did I understand it correct, ZCash will halving mining rewards in 2020?
oh…
My ROI is 2 Years at under 50$ price and current difficulty and hashrate.
it means I can recoup money only in 2 years, at December 2020…
If ZCash will do halving, it means my money recoup takes a little bit longer that 2 Years?..
Not sure if you saw the “test” difficutly spike some hours ago, but with a ROI in 2 years you seem too optimistic in my opinion … No idea what your electricity costs are but i hope they are well below $0.1 per kw/h or you will … never ROI…
Not sure if you saw the “test” difficutly spike some hours ago, but with a ROI in 2 years you seem too optimistic in my opinion … No idea what your electricity costs are but i hope they are well below $0.1 per kw/h or you will … never ROI…
my electricity is 0.02$/kWh and that is why I am dare to say that my ROI is about 2 Years )
if electricity is more than 0.1$/kWh, ZCash must do something…
Yes, I believe that Coinbase should help. I have some data that suggests that most Coinbase users have limited knowledge of Zcash. We’re working to address that.
We are also pushing hard to get wallet and exchange adoption for shielded addresses. Until the Sapling activation, it was too computationally intensive. We’re releasing a reference wallet and libraries in Q1 to help providers support Zcash shielded txs. They also need to hear from their users, that this is desirable. We’ve aligned a business development plan to this end as well.
We’re also working on getting Zcash more accessible through more payments providers - but I highly encourage you to reach out to your favorites. There are some out there, but from what I can tell, little volume. Mainstream adoption is still a bit out.
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It’s basically the same as bitcoin. Halving occurs every four years.
I know its a long shot, but how about creating a decentralized exchange that accepts shielded addresses, where other altcoins would be paired agains Zcash ?
I would love to see that. You can do that with ShapeShift today, btw.
It’s basically the same as bitcoin. Halving occurs every two years.
will halving take place if no body mines any cryptocurrency, for example ZCash?
just a question…
btw. I typed that incorrectly at first. It’s four years. The monetary policy is baked into the protocol.
I know its a long shot, but how about creating a decentralized exchange that accepts shielded addresses, where other altcoins would be paired agains Zcash ?
nice idea 
Just 2 direct, mostly not very comfortable questions, if you don’t mind:
1.) I’am more concerned about fake/inflated volume on some exchanges that are as big as 50% of whole ZEC Volume, at least. Especially Lbank, Bithumb. While in short term this might be help ZEC in long term and for the real big investors this should be a red flag, not?
2.) Just in theory, is there any difference from your point of view if the rewards go to miners or would it be different if we had a POS design and these rewards would go to stake holders?
P.S.: I’am well aware that POS isn’t an option for ZEC the next 2 years, but i would like to hear your opinion from a different point of view on such matter, be it even long term.
-
The big investors I speak with have never raised the issue. Their investment thesis isn’t tied to current exchange volume. For some, liquidity is a concern but that’s managed off-exchange through OTC.
-
Personally, I think there are pros and cons to PoW and PoS. We’re watching other projects who are using both hybrid models as well as those moving to staking-based systems. There are a number investors who prefer the latter.
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posted a medium article about StarkWare who’s primary focus is bringing scalability to DEXs using StarkWare
AMA is live, head over there to ask questions:
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Dont call my country Serbia 3th world country…from which country you are??
And Zec was popular here from day 1 …people see it as new BTC but better with real decentralisation and not fake like on BTC…people even sell used stuff for Zec on websites and so on … but its all gone …i dont think anyone cares about Zec any more here …now is only BTC and ETH…i sold all my Zec months ago and want buy back.
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I think this article fits pretty good here:
7 posts were going to a bit off the “Price Speculation” topic and were merged into a new topic: Zcash as a Payment System
Might be an interesting read for some:
It seems like the pattern is repeating while bcash and SV slowly die off. Seems we hit 3200 ish (or lower) for a few days, pop back up to around where we are, and back and forth until we slowly enter the next bull run?
New December report about fake volume on exchanges, very interesting, see links at the bottom:
The fake/inflated volume exchanges for ZEC are even more than i suspected to be honest:
Comparing the fake volume exchange list versus the ZEC exchange list we get the following:
On the fake volume list (order by ZEC volume):
Lbank
Bithumb
Bit-Z
Huobi
Bcex
Hitbtc
Sistemkoin
OKex
Bitinka
Coinbene
C2CX
Coinroom
BiteBTC
GoPax
Livecoin
Bitlish
Liqui
Allcoin
Mercatox
On the honest exchange list (order by ZEC volume):
Binance
Bitfinex
Coinbase (pro)
Gemini
Bittrex
Kraken
Cobinhood
Poloniex
Waves
Upbit
OTCBTC
Coinex
CEX
Cryptopia
Kuna
Litebit
Coinut
BX Thailand
BTC Alpha
Altcointrader
BigOne
Braziliex
Crex24
Tradesatoshi
Coinexchange
Bisq
not listed on any of the both lists (order by ZEC volume):
Yobit
DragonEx
Localtrade
Exmo
Trade by Trade
Vebitcoin
Ovis
Cryptology
Instant Bitex
Hbus
The Rock Trading
Bitpay
BTC Trade UA
OKCoin
Graviex
Cryptomate
Tux Exchange
December 2018 Fake Volume Report:
https://www.blockchaintransparency.org/
Exchange Advisory suspected wash trading exchanges list (Black List):
https://www.blockchaintransparency.org/trading-advisory-list/
Exchanges without wash trading White List December 2018
https://www.blockchaintransparency.org/december-2018-rankings
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On the next AMA i’am going to ask if Zcash paid a fee/tax for listing ZEC on any of these exchanges that inflate/fake volume.
Lbank
Bithumb
Bit-Z
Huobi
Bcex
Hitbtc
Sistemkoin
OKex
Bitinka
Coinbene
C2CX
Coinroom
BiteBTC
GoPax
Livecoin
Bitlish
Liqui
Allcoin
Mercatox
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Everything green other than Zcash. Wtf ?
I see ZEC in the green for today, just not as much as some of the other coins currently.
I see it in red on BTC pairing.
Its struggling at 50 Euros, round numbers tend to be sticky.
our market’s managed, and whatever entity is managing our markets does not want ZEC to leg up yet.
wouldn’t get too bummed out with complete shitcoins pumping like crazy! a lot of market makers need to pump their way out of bad positions.
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Definitely Red on BTC pairing for sure. (Or was earlier, guessing it probably still is).
Need to accumulate more.
Damn, when we are going up, holding zec for 1,5 
First need to buy the remaining Zcash founder’s reward coins of this month. Then the Chinese ASIC miner’s coins they have accumulated for the past few weeks/months. And finally, the weak hands that got trapped when Coinbase added Zcash to the exchange, those ones will probably drop their bags between $80-$100. Then we will eventually move up.
Very interesting read about the current crash. Exactly my opinion. Most important: Demand is way less than supply…
Be careful. Speaking this way about kek and other zec propagandists is not welcomed on this forum.
So far counter trading kek proved to be best way to earn money.
people like yourself are looking for an exit. MM would be crazy to pump RN. much better to bleed y’all out.
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MM RN… Can you speak English?
going to repost this. have repeatedly made this same post since joining the forum
you seem to have a misconception i’m your personal trader. you should sell all your zcash.
so, why are you mad if you’re making loot countertrading good ole kek?
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All your posts look like you are being paid for them. I want like you to offence all those who doubt zec to the moon and be paid for this. Take me to your zec propaganda team ))) I’m not greedy. I can humiliate zec pessimists for tiny 100 bucks a week. So what? Whom to send resume?
don’t get paid by anybody for my posts. i enjoy the people on the forum so i post here. crumbsnatchers shouldn’t be mad at me. this is the ‘speculation thread’. need to look up the definition for ‘speculation’.
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so far, my price targets pretty much hit on the nose in 2017. also accurately called the 2018 correction in 2017 (long before anybody else). didn’t expect ZEC to fall through certain levels this year, but i’m not the only one that felt like that. also, said 2019 would be a good year for zcash, so hang tight, or sell, because i don’t honestly care.
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…and it seems like we’re starting to recover late in the year. weird!
did believe coinbase/sappling would’ve been enough to buck the trend, but was incorrect on that. i’m fairly confident in the 2019-2020 thing.
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Lol, might I remind you of how many times you’ve probably screwed someone over by saying, if you are not buying this dip at 400$ you will regret it, then 300$, then 200$ then 120$, 60$ etc.
Of course no one is paying you, you post bunch of bullshit, which you then try to justify with your long holder statement. You can be long holder, but trade good and buy at lower price, I bet you are deep underwater, and will say anything but no one should believe a word you say, is what I am saying. People who listened to you have probably left crypto space by now with your good advice.
I personally bought zcash at 110$, I expected a good Coinbase bounce, which it didnt happen, but It wont be very hard for me to break even, but for people who listened to you from earlier it will.
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keep crying …hopefully we don’t recover to +$100 until you’re gone.
I am not in a hurry to sell, I can live with it going to 0$. But many people you’ve fooled with your “experienced trader” advice probably have to sell underwater.
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have 2 crumbsnatchers talking shit to me. you might need to look up the definition for “many people”. you’re more than free to offer better analysis.
After so many bad trade advice, I am surprised you dare to show face on price speculations. If I was a moderator, I would ban you from posting here. I don’t act like I know everything, you do.
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keep crying! your tears are delicious!
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Just to be clear, I am not saying dont buy Zcash now. Its very good price to buy in Zcash. Just dont listen to anything that @kek says.
I knew I could find the Christmas Spirit alive and well here in this thread today…
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i’m actually in a really good, and festive mood! zcash is entering day 2 in the green (USD). hopefully we’ve started recovery.
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we should see a test pump before the true leg-up, but i’m more optimistic than i’ve been all year. on that note, i’m out. have a good one!!
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Being green in $ and red in BTC means you are a bad trader.
USD/ZEC is the main pair i trade, idiot.
i’ve never quoted ZEC’s rate in terms of BTC. only $$$.
Overwinter implies cabin fever, just put the guns down!
john’s a good dude that sticks up for people. i respect that. you’re out here making goofy accusations with no proof of anything.
…here’s my prediction…fairly soon some folks are going to feel bad about their posts, volume will decrease & the fun value of this thread will fade.
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If he stick you up this does not make him good
price speculation is not currently happening in the price speculation thread. this used to be a fairly on point thread, but seems to be getting worse by the day. should start a new thread for shitposting.
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Price speculation not happening here because of people like you and johnwidom. You both spread cancer at this forum topic. You both should really go create your own radical “To the Moon” thread
been posting in this thread since it began. you’ve never offered your own price analysis in this thread. your opinion is not valid.
I was kinda hoping to see a period of 35-40 so I could get more ZEC on the cheap cheap…
good idea! 20 charac
I don’t offer my analysis because unlike you I don’t pretend to be qualified for doing this.
I come here to read others opinions and news shared here.
I don’t come here to read your fanatical and offensive posts.
Price speculation post should be posted based on some Technical Analysis of the charts and patterns, general price movements of the market, volume indicators, news that could affect the price etc. and not some blind belief
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Its like comedy club😂 m
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Complete speculation:
We’ve hit the bottom in terms of USD
We will see ZEC 50-100 fold in terms of USD over the next 2-3 years
ZEC will gain on BTC during that period (not seeing that now, but I believe we will)
Also @kek I still appreciate your posts. I’m not a trader myself, but do look for the good buying opportunities. (That said, I’m willing to sell at certain levels, they are just far higher than we’ve seen aside from the launch)
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I’m thinking, if zec could add some extra to my pension fund, then i can retire peacefully😎
Speculation Definition: “The forming of a theory or conjecture without firm evidence”
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I also take exception to people saying kek gives advice in this thread. I think it’s naive to think he is doing anything but serving his own interests. Why would you give any value to what an anonymous poster says on the internet?
Sapere aude
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Let’s not get too carried away with piling on other forum members or calling names.
Nobody can predict the future which is why this is called the “Speculation” thread. Nobody should make investment decisions based on what another forum member posts.
Zcash is experimental and a work-in-progress. Use at your own risk. Never invest more than you can afford to lose, and beware of your own cognitive biases.
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Just think its funny a post from like 3 weeks ago got flagged by a certain member on this forum because of my comments on their silver “analysis”. I said nothing derogatory .This same commenter is now making derogatory comments.
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Something to lighten the mood, price prediction/guess/dream at 4:22
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during my $ZEC cashtag lurk session found a gem. this fella seems to get it
https://twitter.com/PrintingUSD/status/1075788547548942338
Now is $250 possible
Everything is possible i would have nothing against a price of 250$+, but i doubt this will happen as long as about 90% of ZEC volume are faked, inflated and just unreal … We need real volume to get higher, faked/inflated volume looks good but doesn’t help at all as it’s just as much as hot air …
Keep buying. With a lot of dots
should I sell my zcash or should I keep it (for a while)?
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Thoughts with my morning coffee about fake/inflated ZEC volume and it’s impact all over.
Seriously, the whole fake/inflated ZEC volume doesn’t let me rest and i think a lot about it and how does it impact. Somehow normally when you hold ZEC and as well realize that e more than big portion of the volume is non existent but only and just faked.
So here some thoughts about the impact of it:
-
Today i realized that most technical indicators aren’t reliable in ZEC as long as there is such huge amount of fake volume. Volume is an important factor when drawing or confirming technical trading indicators, trends, whatever. Now, thinking more about it, how relible can be a chart that is based on total false information, means the Volume factor?
-
The strength of any movement, no matter if up or down is not reliable with that much fake volume. Having in mind that the fake volume is about 75-90%, just in that range somewhere mostly, it’s just huge,
-
Volume is invaluable when confirming chart patterns, such as head and shoulders, , triangles, flags and other patterns. Again, having in mind that the majority of volume is unreal we can’t actually confirm anything. Any ZEC pattern is mostly useless right now if based/confirmed/drawn on the whole volume…
-
Now my first thought was that i will just use the volume from Bittrex, Binance and Bitfinex to confirm and draw patterns, but after a second thought i realized that this won’t help either as long as these fake volumes have some general impact anyway and the Bittrex, Binance, Bitfinex volumes are mostly influenced by the fake volume from other exchanges.
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My next thought is that exchanges with higher fake volume, wash trading, inflated unreal volume and order books could eventually influence the price of ZEC, not? Right now it seems to me that they are mostly interested in gaining new visitors/traders on their exchanges and mostly they aren’t yet interested in doing more, but i think we should not underestimate the possibility of price manipulation by exactly such exchanges. I mean after they use anyway fake order books how far is it to try using them to manipulate the price? It seems to me it’s just the next step…
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What can or should Zcash do in the case of fake volume? There are just 2 options in my opinion:
1.) Do nothing.
This might at first view be a good option for Zcash as a high volume on the different market cap sites, review sites makes ZEC looking good and promising. No doubt that on these sites a 24h trade volume of $120M looks better than just real $10-$15M.
But this approach comes with 2 dangers we should not underestimate again: Being part of such (in my opinion absolutly illegal fake inflated volume/wash trading/market manipulation), no matter it’s passive, will give soon or late fuel to exactly these that want crypto absolutly regulated or to vanish. No matter we and Zcash “tolerate” this passively/silently as soon as you are aware of it you are just part of it, easy and simple as that, not?
Here comes the 2nd point that is the most dangerous in my opinion. ZEC losing creditability. Blockchaintransparency is allready working and exposing these exchanges. But what when a major player is interested in ZEC, makes a full audit or analyzing on ZEC and comes to the conclusion that 75%-90% of ZEC volume is just hot air and faked? I’am pretty sure the result would be devastating and not in favour of ZEC…
2.) Do something against it:
The only thing i think Zcash can or could do here (i could be wrong of course) is withdrawing ZEC from these exchanges. This mostly would have a short impact on price and it would be as well a unique approach that for sure would be honored by investors medium and long term. It would ZEC give more value compared to all the other inflated/fake volume coins. We could be the first real volume coin out of all and this compared with good marketing could be priceless in my opinion. It would build a lot of trust, transparency and faith into ZEC.
I could very well imagine it would another positive point when regulators, countries, whoever comment/decide on ZEC in future and underline a honest approach…
Just some own thoughts …
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Is this technically possible?
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I’am not sure, hence i said i could be wrong here. But i think yes, it should be possible in my opinion:
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My guess is that listings on exchanges are done with the agreement and/or request of the coin’s team. Not sure if this applies for the top coins, but for sure for most of the other coins.
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Than there is the option of an official ZEC white and black list published. For example Zcash or the foundation easly could make it public that honest volume exchanges are supported and a warning for the other exchanges in form of a black list or something like that. This should generate enough pressure from a top coin like ZEC to make them delist ZEC pairs.
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Not sure about this one how much the ZEC dev team is involved in setting up and maintaining the ZEC wallets and ecosystem on exchanges, but i could imagine that stoping support for given exchanges could be a solution as well. Again, not sure about this one, just a wild guess.
All over i’am pretty sure there are ways of getting delisted on given exchanges, enough the people in charge really want it.
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Well Zcash company and foundation can ask to be delisted from those exchanges, but that is about it. They cant ban an exchange from accepting Zcash trades.
But what it can do is ask coinmarketcap and similar websites that do the tracking to exclude those exchanges from their calculations, similar to how korean markets were excluded from Bitcoin price calculations quite some time in 2018.
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Not sure if this is the only option they have to “force” them delisting. But even this would be better than doing nothing and a first step into the right direction in my opinion…
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Exchanges do nothing for cryptos except feed speculators’ greed. While I’m greedy too, exchanges add nothing of real value to the long term goals of ZCash.
Fake volume is everywhere, not just in crypto.
Example:
Everyday some inflated amount of paper silver is traded on the COMEX:
Since we don’t have 2018 data on silver mining, we can see that demand for silver overshadows supply. So in 2017, 151 million oz of silver was actually available for coins & bars (investment grade silver) yet 2x that is being traded any given day on the COMEX.
The equity market is a total joke as well.
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@Trololino marketing update from Josh : 2018 Zcash Marketing: Year in Review - Electric Coin Company
@boxalex it also mentions that paying “listing fees” for exchanges is against company policy so that seems to answer your question:
All of this adoption was organic (it is our policy to not pay any listing fees);
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Perfect, finally some action against all that fake volume, hopefully more to come soon.
For everybody lazy to read the whole article, interesting part:
The executives are alleged to have made fraudulent transactions between September to December of last year, using a fake corporate account to make bogus orders worth 254 trillion won (or $226.2 billion) to inflate trading volume figures and attract more customers to the exchange.
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I’am not sure if this is a correct calculation based on supply/demnd to conclude the volume. I’am not familar in any way with the silver market, so my personal conclusion is just based on common sense and logic:
Could it be the case that somone buys silver and immediatly resells them with a smalll margins, many day traders that buy/sell the whole day, or just options that get sold/bought forth an back.
I mean with your calculation, as i understand it ( i could be terrible wrong of course!), your point is that more is sold/bought on a given day than their is supply. But this alone is not an indicator in my opinion as, like with cryptos, someone can sell what he bought some minutes later and do this the whole day without wash trading. Not that i exclude it at all, but i see there is potential it’s legit, maybe.
However, even IF there is inflated trading with silver or other equities, it’s one thing if you have silver 2x inflated/faked, another thing 10+x like we have it. Not that 2x “only” is much better, but it’s a difference.
And finally, just because we see something illegal or not correct should not mean we should accept it as something given. Following that logic than there is no need for crypto at all if don’t try to improve it all over versus the current established currencies, equities, securities, whatever… if the result is worse than what we have allready. Just my 2 zec-oshis
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Was this all and forever the policy or added/modified at some point? Means does it mean that never any fee was paid to any exchange in the past?
My point is simple. Rehypothecation happens in almost all markets.
Means in your opinion Rehypothecation = fake volume/inflated volume, just the same or how to understand this comment/conclusion?
I have never heard of Zcash paying listing fees back to launch in 2016, so I doubt it’s a new policy. But you could ask Zcash Company to be sure.
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I remember reading Zooko saying somewhere they never did
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That’s not entirely true. People have to acquire it somehow. So you either sell a good or service and take it as payment, or exchange it for a different currency you have. If you don’t have exchanges you end up with miners holding a bunch of zcash. They then have to find merchants and individuals taking it as payment to use it. Sounds like a slow way to distribute it.
Interesting, storing books on bch
Prediction/guessing time…
I think BTC’s sharp drop followed by a prompt high volume recovery was the ‘capitulation event’. If it follows a normal playbook it’ll go sideways for the next month or so, with a pump when/if Bakkt happens.
For ZEC, we’ll track BTC but with a slow ZECBTC downtrend thanks to our inflation rate, but a nice pump when the reference wallet is released.
No graph, just opinions & guesses, nice time to accumulate IMHO.
A market opinion newsletter put out daily: https://messari.substack.com
Arrrbitrige
I don’t know for certain whether we asked to be listed on the exchanges that are accused of faking volume, but my impression is that we didn’t.
I like it!
This led to 25 additional listings in 13 countries, including two of the most respected and heavily-regulated exchanges in the world: Gemini (with approval from NYDFS) and Coinbase. It has been a common misconception that regulated exchanges cannot support Zcash. That proved to be false. It is now a common misconception that regulated exchanges cannot support shielded addresses. That will also prove to be false.
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It tickles me every time I see ‘Bitcoin on the move’ announcements, really something that shouldn’t be possible on a proper currency.
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^^ Exactly, imagine if the headline was:
“Elon Musk transfers 20 million dollars from Bank of America to his E*trade Account!”
That would never fly as a good way to do business.
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Correlation between market price and hashrate?
(I know “hashrate” is a hot button issue, please don’t go off-topic and rehash the GPU/ASIC debate in this thread)
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Im pretty sure the economic incentive to receive mining rewards causes people to add hashpower as prices rise. But what do i know
Hashrate / Price always seems like a chicken and egg situation with arguments going both ways. Which rose first, the hashrate or the market price…
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Yeah, I saw that about BTCP. Astonishing
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Hash rate since those with the first bitcoin didn’t really have a place to sell them.
I think the conclusion below fits it up much better: (taken from investopedia):
The net effect is that energy costs still comprise the majority component of bitcoin mining costs but exert minimal influence on its price. The energy costs associated with bitcoin mining operations ensure that it remains a significant barrier to enter the industry.
I know mining farms in my country that get 0.06$ / kWh electricity, but I as a small consumer have to pay 0.09$ / kWh.
Those farms can keep going a lot longer than I can.
This is the kind of TA that is welcomed on price speculation topic
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How about a short narrative for each case, educate folks in the dark art of TA?
And they have to pay rent or buy large warehouses. You used your already existing space didn’t you?
Yes, that is true, also pay workers to do maintenance. But on large scale mining, they dont even feel that
how much do they have to pay? From personal experience i know that for about 100 asics and several gpu mining rigs all you need is 20 square meters. Just an elementary calculation in trololinos case: Compared to someone using 50 kw/h the advantage is about $1,200 per month vs. someone paying residential prices for electricity. So spending some $100-200 on renting some space per 50 kw/h usage is more than a deal…
The USD market has a trend channel that is tightening (meaning support and resistance are getting closer together) this typically means the market is trying to establish a new trend either; breakout or breakdown. Another way you can look at this is falling consolidation…or as @kek and i like to call managed selling.
I’m typically a swing trader and i love using harmonics to time my entries. So whats interesting to me is the bullish/bearish signs in different markets. The bat pattern has actually completed in the BTC market(September) which i think has always been a good indicator that some kind of bullish activity is looming. Here a trader would place an order at the completion of the c-leg aka feeling naughty and buying the D(hehe).
The Cypher pattern (a popular pattern favorite amongst FOREX traders for its high profitability performance) still needs to complete its c-leg, which corresponds to the buy in BTC.
Hope that helps.
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Re-reading my post, it reads like a binary option.
Unfortunately a lot of what i am saying gets lost in experience, especially experience in what has worked for you.
What i am saying is that both harmonic charts - especially in the short term - have bullish signs. To where 400USD is a real possibility.
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Thanks for sharing that, interesting stuff (at least to me).
This doesn’t seem quite as good as the book thing but whatevs (I get the farmer, people pay him to feed his animals for him that s pretty sweet)
Feed the chickens for 50 cents or cheer which turn on the lights also 50 cents
Crazy stuff people throw money on Like the one milion pixels website
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Merry Christmas everyone!
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Feliz Navidad (as they say here in the colonies)
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https://www.ccn.com/bitcoin-private-denies-fraud-allegations-and-calls-for-halt-to-btcp-trading/
"> CoinMetrics has stated they believe less than 20k legitimate BTCP coins exist in shielded addresses along with 1.7–1.8 million illegitimate coins. Our team is favoring an option to hard fork and remove all shielded coins from existence. While this would cause the 20k legitimate coins to disappear, we believe this is preferable to the alternative of leaving the 1.7–1.8 million illegitimate coins in circulation. This would also fix the over-supply issue.
It should be noted that in the original Zcash and Zclassic protocols, it’s possible to move coins out of shielded addresses, to unshielded addresses. Those who hold shielded BTCP coins are advised to do so immediately because the Bitcoin Private contribution team has said they are moving forward with this solution immediately.
" It would be interesting if the attacker were to do this.
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No why would we want this
This is the dumb move. The attacker would probably sold of all his coin and the hard fork will only effect those who are holding the fake coin and this is probably exchanges too. What a mess. They also blaming a fault in trusted setup just to find a scape goat of their on problem of survival.
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Yea btcp was a scam to begin with, was just sharing
Otherwise yep this is the nightmare scenario, maybe interesting to see how it unfolds for them
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Lol!, 20characters20
What’s the ‘right mindset’ for trading ? How would you describe that perfect state of mind when you can look at a market & comfortably place huge orders?
I’m going with ‘inebriated sociopath’
(sorry, I’m bored, not bored enough to ‘break troika’ but I’m getting there…)
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