Buy m0@R ZEC in 2019
(20c)
2 Likes
Idk honestly im not an active trader, mostly just scower the news, here’s something terrifying
From article
The Ministry of Home Affairs on Thursday issued an order authorising 10 Central agencies to intercept, monitor, and decrypt “any information generated, transmitted, received or stored in any computer.”
Probably why they’re considering legalizing BTC
@Autotunafish And this is why VPN’s are so useful now a days… Not to go off topic…
1 Like
That’s actually pretty neat, calling a heavy isotope of a different metal gold is kind of a stretch but we’ll see how it does, may actually send gold up, the idea of that stuff disappearing from Computing applications completely doesn’t really make sense and this new super copper would only enable greater Computing production, idk
(I assume they equated gold because of corrosion resistance but I wonder…, Platinum, palladium, iridium, tantalum are used because of their unique properties so yea we’ll see)
1 Like
Yeah the headline is total click bate…I thought maybe the gold comparison was because of the size of the new fabricated atom.
1 Like
Nobody’s talking about price here anymore? Capitulation reached?
1 Like
trolls came in and conquered.
Well on the chart that @aeonglacial posted last week, its visible there is room for 3 more weeks of downtrend, 1 more week of recovery within range and then the breakout. Target price for this breakout could be 200-250$ then correction, and then continuation of pump towards 300-400$ if all plays right. That is about end of January, and Bakkt should start trading Bitcoin by then, which should lead to its recovery, but we will see.
1 Like
This may be an early call but i think we are nearing a bottom against BTC.
I am also seeing sizable transactions occurring at support (also maybe some market manipulation seems like the same entity)
On the 20th of this month we saw some really big purchases at support:
3 Likes
Interesting, the number of connections to my node spiked, now five times average in the last 30 minutes.
3 Likes
How many connections do you have? I have mine at my shop and I haven’t been there to check it. I’m curious to know 
Mine averages about 15-20 or so…but I let it go and check it’s status only once a day.
(It wold be really cool to see a GUI with a graph showing the number of connections over time)
This makes me think again on predictions to price trends….since it is the “Price Speculation Thread”…
Is there a relationship between node connections and price?
Volume and price?
Hashrate and price?
Transactions per hour and price?
…wondering…
Right now I’ve got 76, which is nuts.
Should correlate to the number of wallets online, which means ‘coins on the move’.
Edit: its 96 now!
Edit: 112
Edit: Thinking about this a bit more, it probably means ‘new wallets spooling up’, and the only reason to do that is to store coins.
Where’s my viking helmet? The one with the horns. Feeling bullish.
5 Likes
A little more digging, the huge majority of connections are coming from one IP address in Beijing !!
3 Likes
What’s the IP address in Beijing?
1 Like
140.143.4.16 (20 chars)
1 Like
inetnum: 140.143.0.0 - 140.143.255.255
netname: TencentCloud
descr: Tencent cloud computing (Beijing) Co., Ltd.
3 Likes
I would block that ip.
1 Like
Why though? Any known history of nefarious blockchain activity originating from Tencent?
Just a reminder that a year ago, Zclassic (a total shitcoin in my book) was worth $104 which is more than Zcash is worth now 
Crazy fact isn’t it ?
1 Like
Just adding, ZCL is now “worth” $1.19 …
I know that of course, but its a matter of perspective, what one year later can do.
+1. I don’t know why the networking code even allows multiple connections from the same IP. Granted, NATs and Tor exits are a thing, but ideally you want diverse connections, and to a first approximation, connections from the same IP are not going to be diverse. I’ve opened a ticket (Only allow one connection from a given IP address · Issue #3757 · zcash/zcash · GitHub) suggesting to disallow this.
4 Likes
Hopefully this link works… its the truth behind ‘the vomiting camel formation’
3 Likes
Concerning aml/kyc
http://www.atimes.com/article/usa-says-drug-cartels-moving-money-via-china-crypto-channels/
From
An interesting article on fake/inflated volume and how things work together. It seems to be a membership article on medium so i will quote the most interesting parts in case some can’t read the full article:
In this post, I’ll investigate the key drivers of the unrelenting cryptocurrency/crypto asset markets, and explain why they aren’t likely to go away soon. In particular, I will focus on the incentives that cause ranking sites to uncritically include junk exchange volume in their data.
… Coinbase and Gemini are the archetypes. This piece is not about those exchanges — they generally play by the rules and are in the midst of a pivot towards regulator friendliness…
… Yes, this is the same CoinMarketCap that millions of users and dozens of funds trust with their exchange data. The wrinkle goes further. The BitConnect ponzi relied on exchanges like CoinMarketCap uncritically posting exchange data showing massive appreciation in the BCC token. Of course this was illusory, and there was nothing behind the curtain. The vast majority (95%+) of BCC volume derived from a single “exchange,” which was hosted on bitconnect.co. By uncritically listing this volume with no caveats, CoinMarketCap directly enabled the BitConnect scam,…
…Aside from enabling and directly profiting from scams, CoinMarketCap is a largely amateur operation (https://www.wsj.com/articles/the-programmer-at-the-center-of-a-100-billion-crypto-storm-1516708800) run from an apartment in Long Island City, and has proven itself generally unable to make sophisticated judgments about exchange liquidity…
…The con, So what’s the issue here? The chief problem has to do with the interplay between rankings sites, exchanges, and issuers, especially as it relates to exchange volume. It goes like this:
- Issuers want to list on liquid markets and exit or pump their positions
- Exchanges want to advertise themselves as liquid, so issuers will be more amenable to paying listing fees
- The “altcoin casino” exchanges are mostly unregulated and unmonitored, and can thus get away with virtually anything
- Many exchanges thus engage in wash trading to make their volumes appear greater and improve their perceived liquidity profile
- Rankings sites monetize through reflinks and ads, and lack the resources to monitor each exchange, and hence uncritically publish exchange data
- Wash trading exchanges gain in the rankings on the rankings sites, successfully marketing themselves
- Exchanges profit, rankings sites profit, issuers profit, all at the expense of investors (who may win in the short term)
The negligence of the coin rankings sites is the primary reason I’m writing this post. The other aspects are well documented. While fiat-onramps are professionalizing and working to assure regulators of their integrity, markets at the altcoin casinos are widely understood to be deficient. While arbitrary changes to the ranking sites’ methodology is known to be a risk, especially after the Korea debacle, the sheer amateurish nature of these rankings sites is under-reported. LPs for crypto hedge funds might be horrified to find that many funds were marking their positions against CoinMarketCap data, which aggregates deliberately fudged data from the altcoin casinos. The primary issue is the uncritical presentation of data derived from exchanges that is clearly fictitious — Sylvain Ribes has covered the fake volume plague well. CryptoExchangeRanks used an innovative methodology — comparing claimed exchange volume to their relative web traffic — to find particularly egregious offenders.
Investors looking for reliable data are left with few options. They can either selectively trust exchanges, aggregate data themselves, or use a more discriminating source like the Blockstream/ICE datafeed. The market is professionalizing, and hopefully operations like CoinMarketCap will be a creature of the past.
The future of this market
The problem with the [ altcoin casino | altcoin issuer | rankings site ] troika is how neatly intertwined all their incentives are, and how poorly-educated users are about each. In many cases, “exchanges” is a misnomer. These things are more akin to the bucket shops of the 20s, the boiler rooms of the 80s, or the unregulated poker sites of the early 2000s, which ran fractional reserves or granted insiders special access to the hole cards of unwitting players.
Quite simply, most of the crypto-to-crypto exchanges have nothing in common with exchanges like the NYSE or the NASDAQ. While some investors are aware of this, many mistakenly believe them to have integrity, even storing their coins on those exchanges for extended periods. The exchanges, in turn, market themselves with rampant, and indeed obvious, wash trading. But they are difficult to shut down or regulate — after all, clearing and settlement occurs on the uncensorable Bitcoin and Ethereum networks.
There is still demand for global, 24/7 casinos to gamble on altcoins, so these shady exchanges will still exist. And while investors use the amateurish rankings sites for information on trading venues, exchanges will be incentivized to market themselves by posturing as more liquid than they actually are. And if these exchanges continue to list hype projects and give issuers their exit, issuers will continue to be incentivized to play the marketing game and generate spurious roadmaps to dupe investors. Investors should be wary of these entities and make informed decisions before diving in.
2 Likes
I like Coinlib’s currency support - nice to see how far out of whack our local exchange gets with average prices, almost US $400 right now for BTC, easy money…
1 Like
ZEC/BTC new low reached. Now trading under 0.015. Miners just mine to get BTC or ETH or anything else but ZEC.
2019, the year we shall short Zcash!
Happy new year!
I have noticed this also, lots of alts are gaining in BTC value and USD. ZEC would gain in USD and almost no BTC value at the same time.
1 Like
It possibly means that Zcash is still overvalued to the eyes of those who mine it, and that they have little hope for now to sell it at a higher price. As a miner I would actually feel the same: either cash out to USD or place my profit in coins that have very low liquidity (prone to P&D) and already dumped hard or coins that are top 10.
In any case, I feel this dump will continue, Zcash might see $40, then $30, maybe $5 even. I’m shorting now.
Good luck everyone!
2 Likes
Happy New Year all. Who else is ringing/bringing in the New Year by buying sub .015 BTC ZEC?
2 Likes
It’s enough to analyze data and compare to see that we mostly will go down further for several obvious reasons, sadly. I like ZEC, but i shortented several times as well allready…
the main ZEC problem, from price growth perspective, is that it is asic mineable.
some large hardware holders seem to be unknown, and seem to sell mined zcash instantly, fixing profit.
and if you actually think about it, go into past, you will see that equihash was chosen by team of this successful project as an answer to this problem.
how ignorant and blind you have to be to swallow zooko reaction on z9 mini release, swallow strategy since may 2018?
1 Like
why hasn’t this happened for ZEC yet?
kraken opened margin trading for XRP, and BCH.
ZEC does more volume than REP/XMR combined. this is unacceptable. somebody from zcashco really should to reach out to kraken, and ask why we cannot margin trade yet @joshs
Or use our own Zcash on exchanges like Poloniex and earn lending fees
things i’m finding interesting: gemini’s ZEC/USD pair is humming this AM; $771K volume. that pair is usually around $500K or less. also noticed bitfinex ZEC/USD pair is besting their ZEC/BTC pair again. kraken’s ZEC/USD pair is doing much more volume than usual too (up roughly $100K).
1 Like
Happy New Year all
10 Likes
Speculation on the placement in this chart, I asked so we’ll see what they say
Left columns look like tokens and stuff traders trade a lot so perhaps they’re being sold the most and moving right sold less? (in that left describes more moving out and less coming back and the right describes more coming in and less going out)
(It means something, that something could mean random but…)
It’s pretty idealistic but also kind of makes sense, IDK yet…
4 Likes
What’s the closing price? Hows the short coming along? Hit me up when you start covering.
2 Likes
2 Likes
your post got me thinking …we’ve had 2 sets of miners needing to make their initial ROI back in a very short timeframe. unsure that’s happened to any other cryptocurrency in such a short time period.
Tomorrow is annual proof of keys for BTC, are Zcash holders participating in this as well ?
…think someone at Lbank just coughed up coffee all over their keyboard. 
1 Like
Off topic: StarkWare and Zcash founder Eli Ben-Sasson - https://podcast.ethhub.io/
How can you not smile at this community’s future? We’re like the new 1% LOLLOL
I have believed for some time that Ethereum and Zcash are the best two cryptos.
2 Likes
Ethereum gives me a weird feeling…its seemingly endless supply should scare away any investor. But i have always wondered if Ethereum is supposed to be a platform for various economic activities and ZEC is the money used for paying for goods & services and gas being used to power applications. idk
Ack. I’ll get back to you.
1 Like
You have to remember, Crypto is not like normal money(assets). Once its gone, its gone.
People will die, Private keys will be lost, Coins will be sent to the wrong address, Coins will be lost and gone forever. A small bit of inflation for the rest of a coins life might not even outpace the rate of coins lost from accidents. So infinite issuance isnt as bad as it seems at first, if its low enough.
1 Like
Makes some sense, but still, aeonglacial has a point. I mean from an investors POV there is a difference if you buy a coin that has 21M issuance or on that has 210B issuance at the end.
Actually the issuance can be modified as well just by adding another decimal at some time.
However, i’am not an ETH fan as well and prefer other Platform coins like Komodo, NULS & NEO as these look more promising to me than ETH, but that’s just my opinion on ETH.
1 Like
the game Fortnite is acceppting Monero. Trash to trash.
Adoption is adoption. Doesnt matter if you think the game is trash. It has A LOT of players.
2 Likes
true. was just a rant against that game 
Never heared about that game, but everything where a given crypto is accepted it’s a plus, easy as that. If this game has a lot of players than it makes sense to make Monero popular to younger players and make them familar with Monero. Same goes for verge and pornhub for example. Not that i see such things as a real good deal, but still, at least it’s some use case.
yes, but should really everything be adopted by everything?
If you want to use crypto in the way it was created for, AKA digital cash, than yes, everything needs to accept it.
1 Like
alright, then I gonna make my own coin and if no one adopts it I gonna come back to you…
Nice! When is your new coin comming out, what kind of tech you going for? PoW/PoS? Privacy coin? Cant wait to see what you come up with!
actually in my opinion, the more legal adoption it has, the better. The more younger people get familar with crypto, the better. the more shops, industries, businesses, whatever are accepting crypto, the better. The more everybody uses everyday crypto the better our chances it gets accepted by different countries, cultures, regulators and so on … Every piece of adoption, even if done by a direct competitor is helping crypto in generally in my opinion…
3 Likes
I got that, but it is connected with risks if any coin will be adopted, I don’t mean specifically Monero, even tho I’m not a huge fan of it.
Fortnite, pffff
I had to close all Tablets, PS’s and Laptops in tha house to prevent the kids from playing 24-7 hahaha
It’s the nr 1 game of the moment, aka digital heroin .
Would be nice if they accepted Zcash, the Fortnite market is huge.
That would do something for Zcash, sure of that.
2 Likes
Ok from coinlib concerning the placements quote
“Hi, there is no significance in the order. Things are placed where the graph will look better / less crowded”
It does look pretty good! (I think anyways)
How?
I have heard of it though I’ve never actually played or seen it sounds like the new Halo, hopefully it doesn’t get hacked!
I envision a secure and encrypted messaging system for ZCash using Z => Z transactions. If I understand it properly, any message in a Z=>Z transaction should not be visible on the blockchain…that said, ZCash would serve as a very secure, private and anonymous system for exchanging messages that other services of the same type likely cannot provide.
If I could write an app to provide the service to make it easy, I’d do it…for every message sent the app creator would get 0.001 ZEC or something like that…Someone confirm Z=>Z messages are secure
1 Like
ZenCash AKA Horizen is trying to do just that. They are using the blockchain as a decentralized messaging platform that will be censorship resistant, based on Zcash tech.
1 Like
as far as I know you can already send messages on zcash with the note field. zero issues
1 Like
He means from a mobile device which hopefully will possible soon
2 Likes
people are starting to figure-it-out!
“SOURCES: NASDAQ CRYPTO AMBITIONS: “The listing of several coins will happen in 2019…”
2 Likes
Is it a must for a 49 year old guy?
1 Like
I’am very cautious with privacy, anonymity and security when it comes to mobile devices/cell phones.
After several reads how different agencies can install applications/software without your knowledge through the internet providers i somehow doubt this is a real secure & private way.
From my knowledge if a given agency wants to locate, listen or read on your mobile device they have no problem doing so, no matter what you are doing to prevent it. Or in other words, if you can read the message on the device, they can to. And this makes me cautious if private/anonymous messages on mobile devices are something that could be done indeed 100%.
1 Like
Thats definitely possible, manual encryption could help with that
How. From the readings i had the conclusion is: What you hear on the mobile device they hear, what you write, they read, what you read they read. It’s all over what you do with your mobile device they can do.
Simple said, when you see someting on your mobile device screen, they see it too.
Damn, i even tested some years back some spy application on my wifes cell phone and it sent me even screenshots evertime something happened on her cell phone, no matter if sms, web page opened whatever. Ever key stroke generated a screenshot of her display. So how can you view a message without having someone else not viewing it. It’s not an ecnryption problem, it’s a problem that “they” can view what you view after the encryption/decryption.
It would require being done off device (with a burner) or on something that couldn’t be connected to, it’s really inconvenient, if you encrypt it using your own Cipher variation then it’s still just a matter of protecting your own keys
I hope the article you posted doesn’t have in mind or refers to this one. NASDAQ directly listing cryptos would be much better, no doubt.
https://www.coindesk.com/nasdaq-powered-security-token-exchange-will-launch-next-week
back to 0.015 BTC… I got a bad feeling about this… so probably gonna go up
I think his idea is similar to one I’ve had. You could build a messaging application that utilizes zcash as its base layer. It could place your message in the notes body, and then utilize the smallest transaction amount available to send to the recipient (just to pass along the private message). In theory, you could use zcash for truly private messages in an easily adoptable messaging application, and we all know with the Enigma Cypher and other governmental attempts at private communications in the past is extremely valuable.
2 Likes
^ This is the idea. As a lover of privacy myself - and one who has been tyrannized personally by the heavy hand of an abusive government - privacy is tantamount to “Life Security”. One can never be careful enough, and this is not “tinfoil hat nutter talk”.
However, should one want to use our proposed Z=>Z secure messaging app without the fear their device has been compromised, I’d expect that getting a second anonymous phone such as a prepaid one would be the safe bet.
Going to the corner store and getting a phone like that is easy to do and would be virtually impossible to trace to the owner unless some operational method involved direct personal contact…It presents an interesting thing to consider as well. When it boils down, one is as anonymous as they make themselves and not any more than that.
3 Likes
See what I did there?!
Medium- we hate privacy!
Ethereum- whats that?
I had considered Stuffing blocks with 0 value z->z transactions once, paying a very minimal mining fee. Just to boost shielded tx volume and fake some acceptance. I didn’t… but I considered it. I wonder if big miners would notice, if they’re setting a minimum fee threshold yet like bitcoin miners were.
As the default fee of 0.0001 is very highly encouraged a massive number of txs with a different fee would be very easily distinguishable despite them being z->z txs.
1 Like
Well…definitely on the right track
Every small upwards movement gets halted instantly and answered with a selloff of a few hundred coins. It’s disappointing since most of the coins in the top 20 got a small bump since Xmas and ZEC is just stalling or dumping!
Gee ya dont say
I was thinking about buying into Zcash again, when it was down around $50usd, it seemed like that price was a good deal at the time. I think it has great tech and possibly a solid future. However I decided to buy ETH instead after noticing ZEC was losing BTC value everyday compared to almost every other coin in the top 15ish during the same time, even on green USD days. Over the past month I have watched almost every coin in the top 15 pump by more than 30% and yet Zcash is still sitting around 58usd,
Now after hearing about how they might have a “community vote” for more funding(sham like last vote?), and have proposed a time-lock on GPU mined coins(removing current freedoms from coins), im glad I didnt waste my money on a coin that will fall alot farther based on the path they keep heading down.
I hope Zcash can get their $hit back together, it was the coin that got me into crypto and mining, im sad to look at the coin and see how far it has fallen.
1 Like
ZEC/BTC hasn’t moved for an entire year it’s been trading side-ways…
LoL for this entire 2019 you mean 
No idea what charts/graph you are looking, but at my end the ZEC/BTC pair looks different:
January 7th 2018, 0.0545 BTC (1 year ago)
January 5th 2019, 0.0153 BTC (today)
That’s not sideways in my book. That’s a big/deep dive here where i live, lol.
1 Like
Are there sources for this?
I was thinking about burner devices last night, you could take an old janky phone and put whatever you need it on to it and then open it up and disable the transmitters
Then I was thinking like an older PDA that doesn’t even have wireless capability some of them have decent amounts of memory
Oh yeah also this, actually really new looks cool (run zcashd native on your phone ehhh we’ll see! This phones got 3.8 GB ram! Idk! How bigs the blockchain now?!)
Not compatible shucks
https://docs.halium.org/en/latest/supplementary/devices/index.html
Draghi said at the time that “no member state can introduce its own currency; the currency of the eurozone is the euro.”
Yea thats what you think! Roubinis partner in slime! Stop your criminal grandma!
Doing well so far.
Read another one recently about a googleplay BTC wallet removing privacy features
Here y’go -
2 Likes
This thing with China shouldn’t really be a surprise, we were talking about it the crackdown coming months ago
Post 5081 this thread
I’m trying to evaluate how much of a competitive threat Beam and Grin are to Zcash. Am I understanding correctly that Grin’s coin supply is uncapped? It sounds like Grin’s current emission rate is 60 coins approximately every minute, forever (no slow down and no cap).
1 Like
Pretty sure both are coming strong in my opinion.
I’am testing BEAM for some days now, mining it with the gpu’s i have left. It has for sure an more than interesting wallet where someone can mine with cpu, gpu and setup his own node, all absolutly easy organized. Wallet adresses that expire after a given setuped time and whatever not. It looks like a promising privacy coin for sure in my opinion.
For Grin, i have readed a bit but will wait for the main net to start as currentlythey are still only testing if i’am remember right. The uncapped coin supply got my attention as well. But than again, there are more coins without fixed coin supply around, ETH is mostly the most prominent example. I haven’t checked there wallets or other features so far due testing BEAM with gpu and cpu mining is more interesting for some research and testing. I still think GRIN might come strong as well.
I would as well always keep an eye on PIVx to see how they are doing with POS.
Another maybe interesting privacy coin to be released very soon is Bitcoin Confidential with ringCT and mandatory stealth adresses based on pure improved POS. If i remember right done by the Smart Cash team and to be released the next weeks.
With 2 new privacy coins on gpu and 2 privacy coins on POS these are interesting to watch closely in my opinion. My prediction is that all 4 mentioned ZEC competitors will make it at least into the top 100.
2 Likes
Reminds me of the scene in the jungle book with King Louie! (Only teasing!) I saw that post but it didn’t occur to me like this
I’m working on something kind of like that, but much more extensive. It involves Zcash partly in conjunction with others! Very complex system. One “chain” alone could not supply what the end product needs to be safe and work smooth.
This is light years ahead of what is available today. It will set out a way ahead and open a whole different perspective in crypto. I will explain more another time.
1 Like
1 Like
This is laughable
Venezuela World Trade Organization is accusing the US of discriminatory action against their piece of crap Petro! 
in case you don’t know yet it’s illegal to possess for Americans (like Id want it anyways!)
Buy my new coin, its called space-quid, it’s backed by theoretical resources buried in asteroids, the profits go towards theoretical spaceships to acquire said theories
5 Likes
This is funny AF…20char
2 Likes
And I thought the TRON thing was backwards!
just keep in mind you can use it and simultaneously cannot use it
1 Like
seems Grin had a good start with their main net attracting a lot of gpu miners.
From what i see the mainnet is alive for mining since ~1 day. The network allready has 303.30 Kgps, that’s about 35,000 gpu’s mining at first day on my calculation… Just thought to let you know as you asked for feedback on grin and beam…
2 Likes
saw an interesting graphic on the grin channel a grin fan posted:
not talking about the price and marketcap prediction there, but the coins in supply. It as well shows that both, Grin and Beam are aiming on ZEC and ZMR as it seems.
Coin Supply in the chart posted: (i did not double check these to see if they are correct!)
Year 2020 supply:
ZEC: 7.884M
XMR: 17.386M
BEAM: 52.560M
GRIN: 31.536M
Year 2024 supply:
ZEC: 14.454M
XMR: 18.374M
BEAM: 157.860M
GRIN: 157.680M
Year 2050 Supply (FULL Supply):
ZEC: 21M
XMR: 22.5M
BEAM: 262.8M
GRIN: 997.6M
the year 2050 Grin supply pretty much answers the infinite question, it will be about 1B in 30 years and i think someone is safe to use that 1B number when when talking about max supply the next 10 years in case of Grin.
1.) not sure if the author of that chart has included the ZEC halving coming, too lazy to check right now.
2.) There is a lot of hype about Grin right now as it seems, but the mining procedure is in my opinion terrible at the moment with only linux based gpu mining. I guess ones windows is released as well the current hashrate of ~390 KH/s (over 40,000 gpu’s) will increase further.
3.) Grin price at the moment is hyped in my opinion, will fall way down. In the graph the author mention $2 assumption, i could bet it will be in the $0.25-0.50, which would be still strong in my opion. Beam price might rise and get higher in my opinion as below $1 is just too low.
4.) Mid to long term i personally think BEAM due it’s lower supply and some other factors is the bigger competitor as they don’t rule the hype wave at the moment. Just again my personal prediction, i could be totally wrong here of course.
5.) IF the chart is true and ZEC halving is included watching the 2020-2024 year supply XMR has some advantage with releasing the less coins, ZEC is about doubling them, BEAM triple issuance and Grin about x7…
Hope this helped value how much of competition this both might be in future.
2 Likes
My “logical” ZEC price analyze & prediction:
Instead of graphs, charts and patterns i will use just and only pure logic and common sense on raw available data and just share my opinion.
To fit it up allready here, i think we didn’t hit the bottom yet, especially the BTC/ZEC ratio. Why?
Negative & bearish logical points:
-
Inflation seems to be our biggest problem until halving. We have right now some whopping 0.12-0.13% per day inflation. Or, per year around 47%. Compared to Bitcoin with 3.5% that’s just huge. I think it’s logical to assume that with a 13-14x higher inflation compared to Bitcoin it’s impossible to keep up the pace with BTC.
Many seem to underestimated the impact of inflation, but it’s a huge factor in my opinion. -
Halving. We all impatiently wait for the halving. While it will help it will not be a generally heal at all. It will just halve the enourmous inflation we have anyway. From 47% to 23.5%. That’s still a too high inflation in my opinion to keep pace with other leading currencies, especially BTC and ETH. ETH’s constantiople will lower their inflation from around 6% to 4% and the move to POS will mostly lower it further as i personally await another reward redcution there. This shows clearly that with over 20% after halving we are not competitive when it comes to inflation,
-
Issued supply: Currently around 27% of ZEC is issued. Me personally is a believer that for a reliable price the more % issued the better and valuable the price. As well related to inflation of course as with 100% you remove the inflation issue. Currently we have issued about 27% of all ZEC, only toped by Stellar with only 13% issued, in the Top 50 by marketcap currencies. Compared to BTC with allready 83% issued. Again logical in my opinion that this compared to the BTC is a con and until we get to a high issued supply we can’t keep the BTC price ratio.
-
Volume: ZEC volume is currently unreal. Some exchanges inflate it enourmously and it’s not limited to ZEC. The propose is mostly to make looking these exchanges more liquid within the exchange competition. There are allready some researches that come to the conclusion that many of these exchanges wash trade/fake the volume enourmously having only about 1-5% indeed traded.
This might have a short term positive effect to ZEC price but it’s useless and missleading volume which doesn’t help in any way as it’s not involved in realy market pricce making but just and only in shifting funds at best.
Therefore i compared the announced volume versus the actually happening TX data. While it’s far from being reliable at least we can get an idea what happens. Here some exmamples for different groups when applying a volume/TX factor added with the top 3 exchanges:
Indicator for real volume - very low inflated volume:
Decred: Volume $1,083,977, TX Volume: $5,997,050, Factor -5, DragonX, Binance, Bittrex,
Digibyte: Volume: $613,857, TX Volume: $1,175,745, Factor -2, Bittrex, Sistemkoin, Poloniex,
Cardano: Volume: $26,435,339, TX Volume: $176,290,494, Factor -7, ZBG, Binance, Upbit,
Indicator for low - medium inflated volume:
Bitcoin: Volume: $5,280,836,340, TX Volume: $2,749,510,107, Factor 2, Bitmex, EXX, Coinbene,
Zilliqa, Volume: $9,598,779, TX Volume: $7,609,794, Factor 1.3, Binance, Coineal, Bitmart,
0x, Volume: $8,605,778, TX Volume: $2,450,005, Factor 3.5, Binance, Bitmart, 55Global, Coinbase,
Indicator for medium to high inflated volume:
Zcash, Volume: $155,369,237, TX Volume: ~$25,000,000, Factor 6, Lbank, Coinmex, Bit-Z,
Ethereum, Volume: $2,414,801,785, TX Volume: $355,272,873, Factor 7, Dobi, Bibox, OKex,
Indicator for high inflated volume:
Dash, Volume: $158,805,327, TX Volume: $8,463,699, Factor 18, Coinmex, ZB, Exrated, Lbank,
Omisego, Volume: $33,677,817, TX Volume: $893,112, Factor 37, ZB, Coinmex, Huobi,
Indicator for extreme inflated volume:
Stellar Lumen, Volume: $114,637,105, TX Volume: $1,233,896, Factor: 95, ZB, Exrated, Latoken
However, the impact of that inflated volume isn’t yet really clear to me. On one side it might help stabilize a price daily as it’s a neutral one not involved in real low/high price trades, on the other side it’s missleading as it gives some unreal volume vallue to a given currency which is just missleading. On the longer run i’am pretty sure it’s hurting us. I have no doubt that at some time this inflated volme exchanges will be removed from ZEC’s volume and the huge volume drop will mostly be interpreted as a bad signal by traders/investors causing a price drop. Just my logical conclusion, hence i included it here.
Competition: There are a lot of privacy coins allready around. Beginning from allready established privacy coins like Monero, Dash and PIVx to some newcomers like Grin and Beam and some to be released soon like Bitcoin Confidential. Having in mind that these newcomers, especially Grin started really strong, at least when it comes to gpu mining with allready around 70,000 gpu’s mining it after only 3 days of it’s start i’am pretty sure this coin will take a piece of the established privacy coins market share. How much has to be seen, but there is a big chance that former ZEC gpu miners, holders and/or gpu believers in the meanning of anti-asic community will switch there and take a bigger piece of ZEC market as we would like to have. As said, this has yet to be seen as it turns out, fact is that for 2019 we have new competitors for sure.
-
Development: In my opinion in 2019 we will get the weakest development so far. That’s just my opinion and hopefully i’am wrong here. Seeing the some goals postponed for 2020 let’s me believe that we lose ground in the next 2 years. Honestly, hopefully i’am wrong here and we see maybe some changes and/or development surprises, but i’am bearish here. I want hide my disapointment that i have awaited more and better goals for 2019 having in mind the really good financial background for the dev team.
-
Social Community: I might be wrong here, but i have a feeling we lost a lot of the social community. I don’t want to go deeper into the causes of it as we are all well aware why we lost a lot of the social community, i think this will hit us in 2019 as well until we are able to build up again a stronger social community. I’am as well bearish here and doubt we can do this in 2019/2020.
-
Missing Innovation for 2019: I can’t see something real innovative for 2019, that’s something i really miss. I might miss something, but than again with innovative i mean something no other coin has…
Positive and bullish points:
-
Actice Wallets/Adresses per day: We are still strong here compared to most other coins, this is really a good indicator in my opinion. Many may see this as a negative factor as we went from over 100k adresses per day to just 20k adresses. True, we lost a lot, but we are still strong here compared to most other coins.
-
Brand: Zcash is a Brand, staying for good tech and privacy allready. Not too many coins in my opinion have such good brand like ZEC.
-
Number of payments: We are doing pretty good here. With 35,483 we lead a lot compared to Monero for example and do pretty good compared to other coins.
That’s it all over.
Now just let me add that something. I’am a true believer of the saying: You can get only stronger if you know your weak points and try to correct them. While my view is indeed bearish for the next 2 years at least, this doesn’t mean that i don’t think ZEC has great value and potential in the long run!! But in the short run there are more cons than positives and i doubt we can hold the BTC/ZEC ratio the next 2 years…
Just my opinion and in case i’am totally wrong here, superb, as a ZEC holder i have nothing against being totally wrong here.
1 Like
I agree with some of that
Inflation is a problem for all newcomers, the newer the coin the worse it is - reciprocal curve.
Right now our rate is bad, but its been much worse and it improves with every new block. For new coins (GRIN/BEAM) its a much bigger challenge.
There’s an equilibrium where price stabilizes & I don’t think that’s far away - ZECBTC should trade sideways for some months at that point, we could be almost there.
What I worry most is that all this makes zcash a short sell target, the zecbtc chart seems a forever falling wedge and even if BTC trades side ways zcash price falls more in comparision so it is less risky to short. The TOP coins by volume recovered well recently but what is surprising and concerning is that despite one of the lowest supply in the market, zcash recovery from the recent Low is just 11% which is the one of the lowest among TOP 20 coins by volume. The community will be strong if it prospers and vice versa…
2 Likes
I agree. It’s concerning ZEC didn’t have a relief rally like most coins during december-january. Not looking good. A falling wedge in which ZEC/BTC is currently in normally indicates controlled selling and could be interpreted as bullish. But without high volume buys and this mass influx of new coins which are market sold there is no sign of (short or midterm) reversal. Down until buyers outnumber sellers.which could take a while without news,
1 Like
i personally disagree:
Inflation is a problem for all newcomers, the newer the coin the worse it is - reciprocal curve.
true, but we are no longer a newcomer. There are other newcomers now that have to deal with this problem. I was just analyzing why i think that at current state we can’t keep pace with BTC. Especially not without good news, announcements, whatever…
Right now our rate is bad, but its been much worse and it improves with every new block. For new coins (GRIN/BEAM) its a much bigger challenge.
The daily issuance of ZEC is fixed per day until halving, so i can’t see how it gets better with every new block. Until halving we just will have that, about 47% inflation.
Thinking a bit more about it, this might have been the intention of zooko with suggesting time locking to cut down this whopping inflation a bit to garantee more price stability. Just a guess.
Just because new coins will have such problem as well shouldn’t make us feel better as it shouldn’t be our concern at all.
Our corncern should be what steps could be possible to fix our inflation to garantee more price stability. It’s not only about holders and investors but as well on how much value Zcash Co and the Foundation has to go forward. The lower the ZEC price, the less funds available for them. Just a thought how one thing direclty has an impact on another thing…
There’s an equilibrium where price stabilizes & I don’t think that’s far away - ZECBTC should trade sideways for some months at that point, we could be almost there.
What makes you believe that? Exactly that’s the reason why i made this logical analyze that right now we don’t have anything to come up the next months to keep pace with the BTC price ratio. Maybe i miss some important point …
It depends on the period you calculate inflation over… ie: the second block mined doubled the amount of coin, so thats 50% inflation in 150 seconds (yeah, stupid example)…block 466050 just mined inflated by just 0.00268%.
Obviously its stupid to look at inflation after each block & was just a way to explain - on a monthly basis its easier to work with. My point is inflation reduces a tiny bit with each block mined so better to consider it that way rather than calculate at first halving.
The equilibrium I see is when inflation reduces to a level balanced by market sentiment - where people beleive that will be is up to them
Of course, all that changes when you add news, scandals, regulation, exchange hacks, whales humping, malignant forks & whatever else we see as ‘normal’ here in cryptoland.
2 Likes
autotunafish just posted a good research Asset Report on Zcash, fits just perfectly in after my logical point post as many of my concerns are mentioned there as well:
Especially it’s mentioned that we lose ground to competitors, an issue i adress for weeks and actually my biggest concern. It mentiones as well other issues like inflation, questionable volume, scalability, bad marketing team and whatever not. It’s a dry but good read. Hopefully someone in charge from the foundation and zcash co reads the report as well …
Hey @boxalex , a question if I may…
You seem quite negative on ZEC & its future, can I ask ‘what could be done to make you happy?’
It has to be just one thing & has to be realistic/possible
(PS: Not ‘calling you out’, just curious…)
This is supposed to be openbazaar in a mobile maybe? Not much info yet, made by OB1
https://gethaven.app/index.html
I’am not negative, i’am concerned, at least for me there is a difference.
Mostly short to mid term i have indeed concerns and just because i adress them openly, directly and honestly in the hope they get corrected, fixed, improved, whatever and get some attention shouldn’t make me happy if there are some results somehow, but us all.
I have seen enough communities where every 2nd post is “too the moon” absolutly avoiding and ignoring every issue.
Actually i was the whole day thinking about possible solutions for various issues, too late right now, will make a post tomorrow about it. But there must be fixes and/or improvements if we want to be competive in all matters.
4 Likes
Fair enough, was just curious. Not always clear what someone’s opinion is so thought I’d ask.
Choosing ‘just one thing to change’ is quite difficult - for me its ‘more marketing’.
I’am well aware that being critical, adressing things directly and questioning different opinions or directions might been seen as negative towards ZEC, but with my 49 years i have learned that being honest and direct in every partnership, friendship is the best way to help improve it, no matter it might temporary hurt feelings… Just as a sidenote.
About solutions:
Sure adressing them is one thing, the more easier part, no doubt here. Improving them is a whole other story.
Let’s again first analyze things bevor we get to possible next steps. I personally would even request that the foundation/zcash co a professional research exactly in this matter as i’am just a forum user, unknown and just writting long posts backuped only by here and there some numbers, some personal logic and common sense and nothing more. It’s different if an institution comes to the same conclusion, or partly and would be taken more serious.
Let’s analyze the Inflation situation first. Just thought the whole night about it and actually i think it’s worse than i thought first.
Right now, we are in the beginning of a devils cycle after we got all back to reality and the 2017 hype is over and prices adjust and mature more reality based.
My concern about the impact of the current inflation the next years is the following:
=> daily high inflation
=> leads to daily lower prices (in average of course)
=> leads to less and less funds for foundation/zcash co/development
=> less development leads again to losing ground to competition, less marketing, less everything
=> this leads again to a drop in price as we can’t keep up all the projects with less funding.
=> again less price and again cutting off grants, proposals, development, eventually even staff…
=> and so on and so on, that’s why i call it devils circle…
=> Not enough the above, we constantly lose versus BTC, there is no incentive to hold ZEC if BTC just is more safe, more stable, more … . This again causes sell pressure on ZEC, again resulting in a price lose versus BTC…
The only “natural medicine” to get out of this devils circle would be a price increase, a new boom and bullish run. But than again, should a whole project count on a bullish run and next hype in the short time? I doubt it should and should be seen more as a bonus in case it happens. Better being prepared for bad times, sounds like a better option to me.
The biggest problem here is actually the founders reward from which all development is paid, sure, there might be some reserves, but for how long. We allready heared that they economize in some parts, this can’t be optimal.
Lower ZEC prices, less funds. While we as holders could say, no problem for us we just come back in 3 years with our small/big bag of ZEC it’s again a different story for the foundation and Zcash co. company which have to cover expenses, developement, whatever.
The bad thing is that the founders reward falls absolutly into the period of highest inflation of currently 47%. From todays point of view, it’s obvious that this is far from ideal, but someone can’t have everything in mind years ago and i’am not going to blame anybody for this poor choosen approach.
Possible solutions to decrease inflation rate:
-
indeed time locking rewards, immediatly for the current asic algo A. It won’t be a popular approach but at the end with less inflation all would profit from it in the mid-long run. Some kind of emergency research should be done to see what the options are for this and what time locking periods solve it best. I could imagine that the weeks for the last time locked part should/could be calculated to the halving date in 2020.
-
another step could be modifying the founders reward as well. Having in mind that 20% is just a lot right now.
Just as an example halving the founders reward but doubling the time period should have a positive effect as well on inflation. IF indeed reduced inflation helps price stability and/or would increase price the impact would be less as a higher price for ZEC would compensate the reduced founders reward. To which level this is true must be researched by true experts in the field. But these 20% just have a huge impact on current inflation as well and whatever measures are taken in my opinion the founders reward needs some adjustment as well without hurting investors, the foundation, zcash co, whoever relies on the founders reward. Pretty sure there are ways, enough there is a will. -
Modifying the block reward. Similar upgrade like the ETH constantinople which lowers blockreward from 3 ETH to 2 ETH per block. ETH has a way lower inflation than ours, even multiple times lower. After they take such steps to lower their inflation why shouldn’t be take some similars as it’s more urgent on our side. For example lowering block rewards from 12.5 to 8 could be as well a solution. Again, won’t be popular by miners for sure, but as many times said, the ZEC community isn’t only about miners. This step mostly would need a whole reorganization of protocol/conensus as it’s very similar to halving on our end. However, such a reorganization might be a good way after we know by now that we didn’t choose the most ideal way how ZEC is going to be released. Again, a research should be done to show the whole impact and outcome of such step.
-
Actually this leads me to the next step, implenting POS or a hybrid POW/POS. Thinking about this, it would anyway need absolute reorganization of the block rewards and whole distribution until max supply is reached in such case. Just fictive: If block rewards are split 50/50 btw. POW/POS it would result in 6.25/6.25 for each as a starting point. Than further modifying/reducing the block reward for POS or even both.
Another option or additionally option could be applying even here timelocking and weekly reward releases to further reduce inflation. For POS a really low reward could be an option as well. Very complex situation here that should be examined by real experts.
POS with the current inflation anyway wouldn’t make much sense at all, but with lowered inflation it could take away eventually some sell pressure stabilizing the ZEC price further. But without any of the previous steps it wouldn’t make sense at all.
These are the only direct possible actions towards lowering inflation i can think about. Maybe there are more and someone else has other ideas, maybe a proper good research could show what’s possible, what impact each would have and if these are indeed possible solutions.
I’am going again to quote some things from this report:
Currently, Zcash is losing to competitors in both private and non-private sectors of the crypto market.
That’s my fear too. I’am adressing this for months now. Competition isn’t sleeping. In my opinion we act to
slow on many issues.
Furthermore, the competition will increase even further when we see new private Mimblewimble coins enter the market in Q1 2019. They will be much more scalable than current privacy coins and promise to provide complete confidentiality. This might reduce the market share of the current privacy coins even further.
Yep, these might take some market shares as well, leave alone the fact that many previous gpu miners support these now after they were forced out of ZEC…
At the same time, Bitcoin is growing the lightning network, which will increase its fungibility. This could one day make Zcash simply unnecessary if similar privacy features are present.
Just makes sense. Even more due our inflation and lose in the BTC/ZEC price ratio.
For Zcash centralization has also led to a [drop] https://coinmetrics.io/charts/#assets=zec_left=activeAddresses_zoom=1510963200000,1542499200000) in the number of active accounts from around ~80,000 to ~20,000. Such a steep drop off in the user base is discouraging, as it negatively affects adoption and hinders future development.
While i compared yesterday the active adresses we are still doing pretty good compared to others, but we could do way better. There are 2 main options in my opinion to raise these again. Either indeed the algo-B for gpu’s or hybrid POW/POS, while i personally think gpu-POW/POS would have a more positive impact until full switch to POS some day.
The Zcash company emphasizes the importance of this funding mechanism for securing the continuous development of the project during the initial stages of its life when there is a need for massive infrastructural investments. However, it may lead to funding problems in the future.
Another thing that must be solved one or the other way better soon than late.
In the absence of a new funding mechanism, the insolvency of such a structure is a matter of time and price of ZEC. If the company is not going to find a sustainable funding solution, it may lead to a budget deficit and development setbacks.
Exactly my concern as well, hence i advocate a full research and reorganizing to lower inflation and try to solve the price problem as well as the whole funding matter as inflation even now hurts funding most.
The foundation is moving too slowly. The risk of deploying money too fast from the foundation is that it runs out of money and can’t fund more promising stuff, and it seems to be this risk that the foundation board is most concerned with.”
Slow moving development creates the risk that Zcash can fall behind, giving the fact that there is increasing competition in the market.
I absolutly agree with this. This begins even with the whole grants time line, just having 4 grants a year is wasted valuable time in my opinion. If someone, as we have seen allready misses a grants deathline he must wait another 3 months, just wasted time. This and other similar problems should be organized more efficient so the most promising grants get immediate funding which helps ZEC development. More or less goes for the slow moving development for Zcash. Until now i was unsure if it’s just me that had the feeling that development is too slow compared to competition, but now i’am more confident after reading it that it’s not just me.
Government regulations are likely to remain one of the most crucial factors for private cryptocurrencies, and US exchanges are not willing to take on risk when there is uncertainty about their future. At present time, this devalues privacy features of ZEC, which, at the same time, negatively affects their adoption.
Another concern i shared some weeks ago. Without going into details i still think this is a valid concern.
In terms of community involvement, Zcash is losing the competition to its closest competitor, Monero.
During the past month, Zcash had 190 unique nodes. … Comparing to its closest competitor – Monero (1600 full nodes), Zcash has a significantly lower number of active nodes.
Again, totally agree, hence i yesterday made several suggestions how to favourize the qt wallet over all other ZEC 3rd party wallets, to give it more attention and to get users more adopted to it. Just easy steps that could help a lot.
However, going forward, such factors as mining centralization, …could negatively impact ecosystem development.
Another thing i adressed, especially with lower ZEC prices mining centralization gets a huge issue in my opinion.
Zcash has the lowest current supply and highest inflation rate among its competitors. The inflation will remain high and will decrease only after the first Halving in late 2020. This factor increases down pressure on the token price, and can only be mitigated by increased adoption.
Even after the halving it still will be too high in my opinion. As increased adoption is a slow movement and lagging in my opinion the only other possible solution is a complex reorganization of the issuance of ZEC…
About Bolt: …However, years may pass before the solution will be developed and users will start using it. It is only planned for the next update in October 2019 and giving the fact the overall network effect of the currency is quite low, time may pass before we see a reasonable number of nodes and payment channels implemented on it.
While it’s an improvement, i as well think it will have limited effect on scalability and price having in mind competition is working or having allready way better solutions.
Giving its past performance, Zcash will be able to complete its technological upgrades in the upcoming year. However, one of the most important questions that the company should focus on is increasing adoption. The roadmap is not clear on this side. The complementary effect of improving technology may not be sufficient in order to push for further adoption of the cryptocurrency.
Again, totally agree. I think adapotion and development in exactly this part is a weakness of ZEC which needs urgent improvement. Even more as adoption is one possible solution to mitigate the inflation issue. One of the reasons i mentioned that the NU2 goals are not sufficient and the weakest so far in my opinion. Talking about adoption, we even don’t have yet a paper wallet, just as an simple example that we still lack on many adoption factors.
ZEC trading is dominated by ZEC/ETH, ZEC/BTC, and ZEC/USDT markets. The fact that ETH and BTC are taking up over 80% of the volume is discouraging given the fact that the company is trying to become a global payment solution. Increasing adoption should amplify fiat volumes and move the coin away from pure speculation.
Just logical. Even more in our case where we lose constantly versus BTC. This effect would be less if we had more FIAT to ZEC volume… Someone has to work on this in my opinion.
However, it is dominated by the exchanges that are not well known to the industry which is a concern, because some of that volume may not be real.
Another issue i adress continously the last weeks. Thx god the author didn’t dig deeper into this issue or there would have been a devastating comment on the volume issue.
Yeah, i know, another long post mostly only a few will read. These are just my opinions and i’am writing these critical statements not to bad mouth ZEC but to hope things get finally adressed and improved. In case i’am wrong with everything, time will show this, perfect. But as said allready yesterday, using common sense and logic i have my doubts we will stay competive …
The report posted/linked above is really worth a read in my opinion, no matter it’s a dry and long read.
3 Likes
I think you should write a thesis on zcash 
2 Likes
$485M Volume…da fuq?
1 Like
91.6% Lbank (according to Coinlib) 
2 Likes
Now its back down when just a few mins ago it was the same as you posted… Screen cap from coinmarketcap…
Some days ago i saw for some time over 700M volume for some shorter period.
Than again, i thought it’s not necessary to make a post about unreal non excistent volume …
Here a joker. Find the anomalies …
(3 screenshoots taken at the same time some minutes ago)
Lbank ZEC/ETH, claimed volume last 24h: $351,366,357
Binance ZEC/ETH, volume last 24h: $58,062
Bittrex ZEC/ETH, volume last 24h: $7,270
Hint: Just compare the order books …
2 Likes
2 Likes
BTC fell near 200 points, zcash is now getting closer to its near term Low which it hit last when BTC was at $3120. If we consider the same rate of fall zec can be in sub $20 range if BTC hits below $2000. Not to point any fault here just calling out market action, hope i’am wrong.
1 Like
On different exchanges , Zec has different prices. 1 exchange 52 another exchange 56
You can make a 2.5 % profit by buying and selling into Eth or Btc
ATM there are around 8 coins you can do this with.
Maybe that’s the reason for some volume ?
Will it double bottom or sink?
Where? I see it at $50-51 everywhere.
53.92 atm at Sistemkoin
Some days the difference is even bigger.
Fees maybe. I wouldn’t trust this exchange to be honest.
Me neither, but it generates volume I guess.
Fees are included, I lost the website, but there is 1 that’s shows where to buy and were to sell, some days it’s 3.5 %
nope, you didn’t see the anomalies on the screenshots (orderbooks)
…
I saw them, and I know my expenation was a long shot hehehe
But for someone willing to invest some time , it could be a profiting business 
arbitration won’t work with Lbank for sure…
Try it out and let me know how it worked out
1 Like
Despite then low value of Zcash, I rather don’t use that exchange hahaha
ZEC/BTC broke strong support at 0.166, we will see it below 0.1 or 0.09x 
Weil if we continue the trend, we will see 0.09 at some point. Who knows. Your guess is as good as mine 
Bye!
1 Like
just one of many…
To be continued and more to come … 
1 Like
The lawyer also commented on Bakkt’s pending approval by the Commodity Futures Trading Commission (CFTC). “Unlike the SEC, the CFTC has no statutory deadline for making a decision on Bakkt,” he clarified. “So it can delay as long as it wants. Don’t expect anything on Bakkt until after the shutdown (maybe months after).”
…so, since this is the ‘Speculation’ thread… how long do we think it’ll be before Lbank has their ‘oh shit’ moment & starts trying to correct their dodgy volume?
1 Like
Up to where they are located and registered.
Not sure if it’s correct that the headquarter is in Hong Kong, but if so, i bet they get raided in 2019 …
1 Like
1 Like
Apparently, Lbank is Chinese…
“The exchange is owned and operated by a Chinese company known as Superchains Network Technology Co. Ltd.”
Edit: Offices based in Hong Kong
2 Likes
US clients are not allowed on Lbank by the way…
Came from this
2 Likes
(Pssst… the answer is yes)
(This shold go under the “exchange” topic, sorz)
https://www.resistance.io/faq/
this exchange of set in the Cayman Islands with US Canada China and Singapore barred (IPs appear to be blacklisted so use ToR huh?!), it is a fork of zcash in a DEX with more of a Horizen setup (I don’t think I read the word decentralized at all which is kind of funny) youll want to read the legal disclaimer on that one it’s long
Also its an ICO (lol)
I take that back it does have a section for decentralization in the FAQ but apparently has everything to do with whether or not you want to download an entire blockchain and nothing else
Here’s the summary
Resistance_Summary_v1.2.pdf (426.9 KB)
No BTC etf for Q1
34-84988.pdf (83.7 KB) SEC statement
I have some problems understanding the text here and how the outcome would be that using BTC from personal wallets gets illegal in the USA if this Bill passes. Anybody mind to explain?
If i’am not wrong, this seems like ensuring the spoils are shared with the state and the banks. It also seems like killing the P2P feature of cryptocurrencies. Any learned soul out there who would like to add wisdom?
1 Like
Seems like a precursor to the state controlling crypto assets, just like they did with gold.
1 Like
Interesting article about XRP, but it contains as well a part that should concern us as well. It’s really good to see that messari by now as well has an eye on fake & wash trading volume.
- Ripple has not shared the methodology or reference exchange data it uses to calculate trading volume for XRP, a critical data point that drives selling restrictions. More than 99% of XRP trading volume appears to come from overseas exchanges, many of which have been suspected of wash trading. We urge Ripple to disclose its volume-based selling methodology, as well as the amount of XRP subject to contractual volume-based selling limitations over time. This is necessary in order to help investors better understand the inflation and selling pressure in one of the industry’s largest assets, and is necessary to protect consumers and promote fair and efficient crypto markets.
Just readed an interesting sentence on another forum about hardcap/max. supply, i have to think about this, it makes some sense and absolutly fits my thoughts i had the last week on this topic:
Agreed. I always was a believer of the tail emmission that some cryptonote coins implemented. However, the implementation was more for the adapative block size than the distribution, but it still gives continuous incentives for miners.
In anycase, a hard cap on the supply in some coins are not practical unless the developers were planning something else for the coin other than make it a daily currency . The hard cap encourages hoarding , which might be a limitation for mass adoption.
Retraced the whole bounce (which was weak to begin with). Quo vadis ZEC?
Trapped between 50 USD & 50 EUR, prob until BTC does ‘something’ that drags us in either direction.
Charts do not look good both Zecbtc and Zecusd.
Quite possible there is little respite for zec before the halving.
Which I think happens in late 2020.
Failed breakout and the dumping just continues. Possibly making a New low. Wake me up for the halving.
1 Like
saw it allready coming 6 days ago …
0.0142- 0.0144 the next 7 days …
currently by cmc: 0.01462059
Grin price $11+ and marketcap #270 allready, absolutly over hyped. I guess this is the record price for a 1B+ coin …
Yikes guess we’ll see 50 fall today/tomorrow. Hold on to your butts
omg, your prediction come ture.
when will the fall stop?
50 was a strong Support for ZECUSD. This will stay below 50 for a while. ZEC performed miserably during the last relief rally and is now continuing its massive downtrend. It might sound strange but I always saw the price of XMRBTC as point of orientation for ZECBTC. Naturally the price of ZEC should always stay above XMR by a minimum of 0.001. After this big red dildo I’m not sure if we can keep that ratio or dump below Monero
2 Likes
How do you come to this conclusion?
1 Like
To be honest there is no scientific reasoning behind it. It’s my own observation during the last months. In general ZEC should always have a higher satoshi value than XMR because of market cap/supply and scarcity.
Within is few minutes jumped from .01400 to .1461 and now back to .01416, it’s clear cannot hold and jump because too many selling.
I’am not a Monero fan so i just had to read a bit into it bevor writing to check your argument:
Supply comparison:
21.000.000 ZEC versus 18.300.000 XMR + 0.3 XMR per minute when reached (at least that’s how i read it).
Issued: 5,770,981 ZEC versus 16,752,922 XMR
Current Inflation: 45.62% at ZEC versus 5.22% at XMR
Volume: In my opinion XMR is traded more healthy with less Fake Volume/Wash trading, didn’t dig to dive into it as XMR is of no real interest for me anyway. Just a first look impression i got when viewing their markets.
Tech: Pretty sure ZEC leads here a lot, just my personal opinion as it’s hard to measure
Decentralization: Pretty sure that XMR leads here at the current state and time.
Transactions, Payments, Wallet adresses: ZEC leading here in my opinion, means more adoption.
Conclusion. I think ZEC has in the long run more potential than XMR, but in the short run due the high inflation at ZEC and low so far issued ZEC it could be possible that XMR beats ZEC in price temporary.
I wouldn’t conclude that ZEC always has to have a higher price than XMR. I think it’s indeed possible that XMR could outperform ZEC for a short time on price… Just my personal opinion of course. As said, i’am not a Monero fan so hopefully this will not happen.
might be in the Long term, but in the short term just look at the Long wick in the candle to me it’s the ultimate bearish sign, quite possible .012 BTC next.
Accumulation is the only strategy at this point. The ZCash peeps should really be concentrating their efforts on user and merchant adoption as well as a mobile wallet. If they don’t do that, it will be junk, IMHO.
2 Likes
2 Likes
The force is telling me the bottom is coming…there has been a disturbance - selling is exhausting.
Confirmation when buy volume kicks in (most likely in BTC or ETH markets dollar volume will follow)
Moving Average Cross-Over Divergence:
2 Likes
My bet goes to more bearish the next weeks … Mostly BTC in the range of 2800-3100. I have a feeling it will break below 3000 for some short time…
Interesting read …
And that…
another well known currency is competiting us: Litecoin (LTC).
That’s not good for us in my opinion:
2 Likes
still, they are doing the first step into adding privacy … they become a direct competitor, just logical, not?
1 Like
…maybe, but there’s more to a private & fungible coin than what they’re planning.
Think their announcement adds credibility to ZEC, we’re already doing what they hope to and doing it rather well IMHO.
2 Likes
Agree with you. I also think that temporal decline of BTC price is quite possible to happen soon.
From a technical point of view and someone that has technical knowledge you are absolutly right. Unfortunatly the majority of crytpo users don’t have such knowledge, one of the reasons some Verge coin even pretends to be a pure privacy coin with a huge community evend defending this, just as an example.
I absoltuly agree that we are doing it well and way better, but still, it’s a new competitor on the horizont, easy and simple as that. And we have no idea if they go further than just confidential transactions and bulletproof or not. As it’s a competitor on a higher market cap rank than ours there is a good chance it will somehow influence us as well, how exactly has to be seen, but there is a good chance that an negative impact is more likely than an positive impact… Just my opinion…
1 Like
Copy and paste protocol can’t copy and paste it’s way towards innovation.
Absolutly agree here, but it seems enough to give some coins enough creditability to make and stay in the top 50, verge one of the best examples… Pure copy & paste project and while we both mostly never will touch it a lot of users believe in it, don’t ask me why, lol.
Valid point - sometimes ‘Joe Public’ has a matching IQ & shoe size, there are sure to be some that can’t figure it out.
Privacy has strong and vocal advocates, claiming something is private when it isn’t is a sure way to get shredded on Reddit/Twitter/etc.
2 Likes
Yup, agree that we’re doing great, but anyway there’s a new competitor, isn’t it a good reason to announce new features, idk
Might be an interesting read for some:
Hit new Low against BTC, all good news(GDPR etc.) does not support zcash price, was at another blockchain event and one pessimist person claimed zcash to just be a test net wihich will trade in single digit $$ by next year, have met quite a few people who say zcash is interesting and the people involved are genuine but all that does not reflect on the price momentum, Why is that so?
Back to speculating on price, which is why we’re all here…
Its probably not long before the ‘shiny new private wallet’ gets announced, what effect do you think that will have on price ? Moon ? Low earth orbit ? Its a significant step (maybe not a giant leap for mankind) so I’d expect some good to happen.
1 Like
There has to be a new development which is a catalyst of positive price momentum else even those who buy now to HODL will get REKT…
Absolutly none. No effect on price. It’s something that is standard today to have wallets. Others have these since … ever?
Actually comparing our wallet progress to others like Dash for example we are still a lot behind, no paper wallet, no web wallet for example. Or Monero has allready 2 mobile wallets.
Sorry to be again pesimistic here, but adding something that should be standard for a long time isn’t going to add anything by today…
I’m rather pessimistic as well. To be sincere, I believe that ZCash is just great, but it seems it lacks any kind of sex appeal. Everything that happens to it does not generate any enthusiasm in the people.
Price is almost flat or going down. Several improvements have been done but it just seems that this is not enough.
Marketing has still a lot of work to do IMO but maybe that’s not the only issue to solve.
I’ll be happy to be wrong, anyway!
Hmm, well, I’m quite optimistic.
Right now you need some knowledge/skill to get set up, but a phone app can be used by anyone - so its a significant step.
Hopefully the marketing folks will make a lot of noise about this, its a good opportunity & think we’ll get a moderate bump in price.
In other news, I’ve been watching the ZECBTC book on Kraken & there’s a significant change - I dont remember the last time I saw 1000 ZEC buy orders.
I agree fully that it’s a significant step into the right direction to have a phone app, no doubt here.
I’am more pesimistic about the price influence the release will have, means zero to minimal impact.
I mean we are 2019, it’s no more a big deal or big news at all. If i remember right the Monero Android Wallet Moneroujo was released in Q3 or Q4 in 2017, just as a reference and comparison with a direct competitor.
The wallet issue is one of the weakest points of ZEC, so i doubt we can monetize anything soon on this field as we lack and lag still too much…
Without having still a paper wallet, web wallet or gui wallet which most projects offer/have, we are just behind many projects.
Some work i noticed by other projets the least weeks/months related to wallets:
- Sending/Receiving transactions even without ANY wallet.
- Sending/Receiving even without ANY adress yet.
- Sending/Receiving with Twitter, Instagram, Twitch, others…
- Using word/nickname adresses instead of long adresses of letters/numbers nobody ever can remember.
- Google Chrome implentation/wallet.
- Wallet linked to bank acocunt
- Hybrid wallets desktop/web, desktop/phone, web/phone,
Some good ideas there for the zec-qt-wallet - I like the nickname/alias for addresses.
Yes, totally agree. The case i was talking about aren’t even aliases, the whole adress is created by the desired nickname, not just an alias of a common currency adress.
While looking further on an interesting community project i came just across this:
The project has 2 currencies on the blockchain. Let’s say ZEC and ZEC Dollar as i don’t want to advertise anything here. ZECdollar is the stable part on the blockchain and only available on the wallets.
When you get ZEC it gets automaticly converted into ZecDollar in the wallet. Example: Today you receive 10 ZEC at a price of about USD$ 50 each, means these 10 ZEC get converted into 500 ZEC Dollars in the wallet. Now let’s say that after 1 year for some reason 1 ZEC has the price of only USDD$ 25, than you would have 20 ZEC in your wallet once you want to use them. No idea yet if this is a good or bad approach against volatillity, but it’s for sure an interesting innovative new approach this project tries…
…the ‘link to bank account’ idea, maybe as simple as link to an exchange api for market orders & coin transfers.
that’s not the same but some kind of exchange api might as well be another interesting idea … (in case you had the wallet in mind and not the bank account!).
In case that’s right, there are allready a lot of wallets where you can exchange coins directly (not sure if you had that in mind!).
The wallet linked to bank account is in my opinion an interesting temporary feature for the next years.
First of all you don’t need an exchange anymore when you top your wallet from your bankaccount or withdraw from the wallet directly to your bank account.
Second, the wallet is KYC confirm as it’s attached and linked to your bank account anyway.
By accident doing some research i came across an ZEC stand alone android wallet:
1 Like
That wallet only supports transparent addresses, same as Jaxx or Coinomi. Zcash Co should stop them from hogging the “Zcash Wallet” name on Google Play since its not a Zcash Co approved wallet.
The good news is that the Reference Wallet team (private addresses by default) now has their mobile wallet code 90% functional. February 1, 2019 - Weekly update (Engineering)
9 Likes
Hit fresh new Low against BTC.013870.
We all know what happened to zcash,but we can’t discuss in this topic.
1 Like
It was about 18 months ago when you could get 0.16 BTC per ZEC…
It is worthy to ponder why Nero did nothing when Rome burned…
or why firefighters were on strike when alexandria’s book library caught fire…
…he was busy reading the ASIC thread & by the time he’d finished Rome was burnt.
7 Likes
ROFLMMFAO!!!
Off topic. I rebalanced some of my bag and put it other baskets. Almost forgot how good small but steady gains feel like. Hope ZEC bottoms out soon.
1 Like
Actually some alts are doing pretty good.
1 Like
If the price action continues like this we might see zcash-XMR price flappening soon, they are both trading in $40s range and zcash is struggling to re-enter $50s again.
Only few of them, Ethereum and EOS I think
actually no, there are some coins that do pretty well the last 30 days:
- TRX + 17.50%
- BNB + 15.38%
- HOT + 176%
- REP + 48.17%
ETH with -30.67% and EOS with -13.35% are far way from top performing in the top 100 by marketcap…
Looks like $50 support is decisively broken. ZEC currently making new lows vs. BTC. No positive movement after the big patch announcement today was disappointing.
I warned others to expect $40 ZEC last fall, but I certainly didn’t expect it to happen so quickly.
1 Like
I believe that the market in general will be extremely low the first part of the year despite positive predictions experts make.
Heartbreaking … ZEC from 3,191.93 to 46.29 … 
1 Like
Conclusion
Fundamentals show continuing progression and improvements of the ZEC privacy technology, with declining transactional usage and active addresses. Even with the integration of Sapling, shielded addresses are not being utilized by a majority of transactions. To some, the optional privacy of ZEC will always be vastly inferior to the default privacy of XMR. The inflation rate of ZEC will likely continue to quell any attempt at a long term bull trend, especially without any mainstream adoption.
Technicals suggest another potential end to the multi-month parabolic downtrend on the ZEC/USD pair. The daily Cloud and 200EMA, as well as the potential Adam and Eve double bottom, all point to a price target of US$100. Further breakdown of price would likely mean a test of the all-time low level around US$30. The ZEC/BTC pair has essentially been in a perpetual downtrend since June 2017, with no signs of reversal at this point in time as price continues to push all-time lows.
Full analysis:
3 Likes
Litecoin goes up 10% when it announces MimbleWimble privacy adoption. Zcash continues to go down despite announcing a fix to a major bug, where is the community + zcash co + zcash foundation lacking? What can be done so that zcash hodlers do not become (empty)bag hodlers.
Just generally and my opinion on this: Fixing a bug shouldn’t have any impact on price as in first place a bug shouldn’t occur/happen at all. Leave alone such major counterfeit bug…
The price/market should/could only react to such bug fix if it was publicly known in the past that this bug excisted. This would have lead mostly to a bigger price drop, than you can of course, with a fix, await some gain back, but that’s it.
All crypto projects have bugs and they are fixed, bitcoin also had a major bug that was fixed before the news was made public, once bug is fixed, that is considered a small victory as the system becomes more secure. I’am thinking about the general sentiments in the crypto world towards zcash.
the system doesn’t become more secure, it’s as secure as it should be without a given bug in first place… (my interpretation what happens after a bug fix)
I’am well aware that bugs happen even in Bitcoin, Ethereum and elsewhere, but again, in my opinion a bug fix shoudn’t add to price expect it was lowered/dropped due the bug bevor. Just a principe personal thought. Now of course the crypto community can react different, absolutly possible.
Checking ZEC price for the last 24 hours i can’t see any impact that would backup the theory that a bug fix reflects in price gain.
About general sentiments in crypto towards zcash. I have my own theories why zcash keeps losing to BTC and made allready several posts about it. As nobody cares anyway and these are considered negative mostly i won’t repeat them for now …
I’m surprised there wasn’t a move in price - the details about the bug showcased the tech skill ZcashCo devs have and their integrity. Value is all about confidence, at least to me.
Anyway, it is what it is, which is old news - a horrible bug squished months ago that only four people knew about.
News about fixed bugs are good for the people that use the platform already. It’s not really groundbreaking for people outside the circle. Speculation drives price and that’s why LTC is pumping hard right now. The possibility of private transactions and the upcoming halving of the block reward. I’m sure ZEC will see his pump day when we’re near its halvening. Until then we look for some kind of support
1 Like
hijacking here an article kek has posted in another topic, but fits perfectly in here into the “bug fix price relation” discussion.
2 interesting parts of the article:
-
… adding that they’ve seen no evidence of any counterfeiting (though [they admit they can’t be certain]
==> while we have a fix we have no 100% garantee no counterfeiting happened either. Someone could go even further and interprete this “no evidence” on different ways. Beginning from “we think it happened but have no evidence” up to “it’s impossible to have evidence” over to “we did “some” research and found no evidence” and many more. While i personally believe no counterfeit has happened, it’s still just a believe without any proof/evidence… -
Assuming we trust the company’s confidence that leaving the bug unpatched for so long was safe since so very few people have the cryptographic expertise to exploit it, we’ve still got to ask: do the company’s actions here mean Zcash is actually centralized? … As for Zcash, Walch tweeted on Tuesday, If this process doesn’t demonstrate both centralization (4 people kept critical bug secret for MONTHS) and fiduciary-level trust reposed in these same people, I don’t know what would…”
==> 2 interesting points here. One that it took such long time to implent the fix (for whatever reason) which might be a record period when it comes to critical bug fixes and the next part is centralization.
Having in mind the ZEC slogan is: “The future of money is digital, decentralized and private.” someone could argue the the decentralization part is highly missleading.
Just some thoughts while reading this article and related to price impact i’am more happy this doesn’t have a negative price impact after thinking about it than awaiting a positive price impact…
Interesting point. Its hard to ‘decentralise’ tech when only a very few have the skill/knowledge to understand it.
A similar argument could be made for the linux kernel, its open source etc but what percentage of people who use it can make sense of code and what percentage of them actually look at it? You end up with a very small number.
2 Likes
There should be more people knowing linux kernel than those knowing the internals of zero knowledge tech?
Indeed - but compared to the linux user base (everyone with an android phone, a router, lots of pc’s, most servers, etc) its a tiny percentage.
As for those that can do it, I asked and they’re both busy today.
I doubt that will ever change. High level tech skills are rare & seems to me the average IQ of the world is declining.
Anyway, just my two zats worth, 20 years of tech support may have made me cynical
For me there is a difference btw open source and decentralization… I don’t think linux is good for comparison, leave alone the fact in most cases it’s free …
I’ll try to explain better. For tech to be fully decentralised it has to be available (ie: opensourced, free, etc) AND people must be able to change it.
I chose Linux as a comparison because its a million lines of code that not many have the time or skill to properly review or change.
For crypto in general the tech is so insanely complicated that its centralised around the few people who have those skills - I don’t think that can be fixed unless the world gets a lot smarter (unlikely).
Just my opinion of course.
1 Like
Totally agree on the tech site. But i guess the decentralization aspect wasn’t focused on the tech side, but more but nobody else was aware, nobody else was asked, nobody else has taken part in whatever decision making …
Or to sum it up: The less people make a decision, the more centralized it is. Just my interpretation of “centralized”.
1 Like
I am here for the tech. I believe 2019 will be stronger than panda thought. Just shaking off loose ends at this point. Enjoy the ride!
2 Likes
Seems the tide has turned in the favor of privacy coins, Zec, Komodo and Dash in the top green coins.
1 Like
Yes, looks for some reason privacy coins all over are doing good versus BTC these days:
7 days change:
Monero XMR: +6.73%
Dash DASH: +17.99%
Zcash ZEC: +1.93%
Komodo KMD: +4.36%
Bytecoin BTN: +2.13%
PivX PIVX: +3.09%
Zcoin XZC: +1.26%
Horizen ZEN: +12.15%
Bitcoin Privat BTCP: +17.39%
Enigma ENG: +6.14%
Beam BEAM: --16.74%
Cloak Coin CLOAK: --2.55%
Zclassic ZCL: +10.72%
Spectrecoin XSPEC: +45.74%
CrypticCoin CRYP: +7.82%
Grin GRIN: --7.68%
So yes, all over a good week for privacy coins expect BEAM & GRIN after the over hype prices they had.
why is zcash showing just 1.93%?
because market inflated with huge amount of Zcash mined by large facilities in asia.
because very few Zec asic miners believe that it is good idea to hold Zcash, while other coins grow in price.
Care to share some proof?
what exactly proof do you need?
zec price at the exchange represents supply\demand.
you ask proof that zec price constantly falling, renewing historical low’s, compared to other crypto?
“very few asic miners hold their coins”, based on what information? Is it back by data or is it juat your opinion?
omg…
tell me, wisdom, who in your opinion is selling zec, all the way?
So you are confirming that your statement above is just an opinion?
You should point that out and stop acting so bias when giving anwsers. Nothing wrong on being mad about the ASIC situation, but stating that most asic miners are selling all their coins and bringing down the price is just pathetic.
Right now, after 4h @SPinSin asked “why is zcash showing just 1.93%?”, ZEC is currently 4% over BTC, while Monero (example) is only 0,41%. What happend now? ASIC miners just bought back at a higher price?
2 Likes
with just 5.2million coins in circulation,if miners and founder/investors start to hold off selling even a decent amount of new issuance, the price will shoot through the roof imo.
Zcash is not up 4% it’s up by 7% in Binance as I can see it now. I asked why 1.93% as I thought it was up more.
^.^ the price moves up when people like myself are done accumulating. ASIC miners are being fleeced by traders. these rockets are filling fast!! hold tight, kiddo!
1 Like
I’ve been right in the front seat all the while😀
1 Like
good run today, even the 7 days for ZEC changed now to +5.45%
Let’s not get carried away, most of the folks in the forum have a lot of catching up to do,hope the gas last Long enough that most if not all turn to green.
Reference Wallet news should happen soon (mid-Feb)… positive news coming at the right time.
6 Likes
Dann thats like Kansas
Its year of the stablecoin, make no mistake
People (in the US anyways) normally define legal ownership through possession of cash as “9/10 of the law”
Think about that
Their elitist system works just fine the way that it is already, this is a ploy to suck people back in to their crap because the brink ain’t far off
This made BBC world news
There is no link unfortunately.
We got the reference wallet to send transactions, which successfully completes the MVP deliverable to deploy an application that someone can use to send and receive testnet Zcash. For the next sprint, we’re going to be cleaning up code and writing documentation in preparation for the reference wallet announcement at the beginning of March.
6 Likes
The world is flat, supported by an infinite stack of turtles
komodo(KMD) a zcash fork, has been having quite a ride recently specially since the bug fix announcement, up 80% since the most recent Low a month ago. Let’s see when zcash really picks up speed.
6 Likes
This is looking like a good start to the week 
2 Likes
for some reason lbank does the same thing to QTUM. lbank’s been clipping our wings. honestly surprised lbank’s data hasn’t been stripped from the large reporting sites.
1 Like
Wow, someone else finally came to the same conclusion, was about time …
From the article:
My current conclusions:
- Some exchanges (in our case specifically LBank) are creating fake volumes out of thin air. They don’t even make the effort to simulate orders. I perceive it personally as a basic rule violation. We put a trust on the blockchain and then major players are boldly manipulating important crypto-statistics. This puts a bad image on the whole industry…
- The community blindly relies on the market statistics. It would be probably a good idea if coinmarketcap, coingecko, etc. could try to extract their own information…
5 Likes
Will it sustain through tomorrow?
Mpnero closing in on Zcash, will xmr price overtake zec?
Wouldn’t surprise me - I haven’t been following the ASIC release schedule (not actively trading), but as long as the big ASIC miners can afford to sell at these prices, I think ZEC will have a tough time making big moves (When they are mining to sell vs mining to HODL/use). If that changes, or Demand greatly increases, we will see some solid action in my opinion. Until then, it’s anyones guess as to where we will stand vs Monero (definitely see ZEC being worth quite a bit more than XMR 5 years from now).
Think we’ll be stuck under 50 EUR for a while yet, unless BTC goes nuts & pulls us through (which would be nice).
2 Likes
That’s why Charlie Lee said buy a full bitcoin before you invest in any other coin. I’am quite positive all the early investors into zcash also own bitcoin.
I own 0 bitcoin. Why do people listen to Copy&Paste Boy?
Seriously? 0 bitcoin? I always keep 50% of my crypto assets in BTC, but i admit i would gladly reduce it to 0 as well. Unfortunatly the time has not yet come to drop all BTC from a financial point of view…
1 Like
That’s just like…your opinion, man.
3 Likes
Copy paste boy has been right most of the time, interestingly he was vocal about zcash security risk and with the recent bug discovery he was proven right.
BTC is like gold, gold established itself as the most widely accepted SOV and none other has been able to overthrow it. Similarly it will be difficult to overthrow BTC from its leadership position considering its first mover advantage that led to biggest community of believers.
Also, I think people should start measuring the growth of their crypto holdings against BTC and not fiat because that’s where the future is.
That was me and i was name calling a human who is not on this forum (as far as i know)
https://fiatleak.com doesn’t support Zcash but pretty neat
Zcash needs to pick up speed, first it was Monero closing in and now we have litecoin also looking close and both will likely overtake Zcash price in the near future if the trend continues.
monero, and litecoin both need to defend $50 (hard psychological number) noticed LTC has already dipped below $50, and XMR’s fairly close to losing the battle too! ZEC has been defending +$50 for a minute.
(in regards to bitcoin)
i don’t think bitcoin’s fate as longterm top dog has been sealed. bitcoin’s really only good for making more dollars than one originally paid for said bitcoin. BTC’s terrible for everyday commerce (i can keep going but BTC’s faults aren’t the point of this post)… BTC’s main advantage over alts (outside 1st mover advantage) is liquid fiat on/off ramps. nowadays people aren’t forced to buy BTC to purchase other alts. when cryptocurrency hits the mainstream (we’re not close yet. we’re just starting to become popular on wall street. main street follows wall street) bitcoin could lose out to an upstart like ZEC. imo
(1-or-2 large corporations announce they’re going to do something with ZEC could be enough for ZEC to overtake bitcoin’s exchange rate overnight)
4 Likes
I have always referred to zcashco as the Electric Coin Company (really great name). Glad its official official
1 Like
kind of a quick example: new goldman sachs commercial touts “cryptocurrency accounts”, not “bitcoin accounts”. https://
The Bank of the Future - YouTube
What happened to the sell orders on Polo? On ZEC/USDT pair its always 4800-5300 in sell orders depending on momentum. I use it as kind of a indicator. Right now its 950 ZECeseses in sell orders. Never saw that before
From 5300 to 950? Thats a lotta HODL.
Back to 5580 sell order now. ZEC looks very very bad at the moment.
know it sounds harsh, but this is good! weak hands are capitulating! these are the people MMs want gone. thinking we’ll’ve bleed most of them by around the 1st week in march. these are the people that’ll dump at @ $80 and ruin our $130 leg-up!
3 Likes
slick trading, imo… ride ZEC until we hit the $100 range. thinking this could happen in march! when ZEC hits $100 will need to build support (that could take a minute), so it might be a good idea to slip into another alt like LTC that’ll probably be fighting in $50 range. ride that puppy into the $80s… by the time LTC hits $80 range; ZEC could be primed to test new resistance +$150. when ZEC breaks $150 - the ride to $300 will be very quick. (that’s what i’m thinking not investment advice)
3 Likes
I’m just accumulating, its tempting to actively trade but too easy to get stuck out of position.
EDIT: Just in case anyone else tracks these things, my node has 49 connections at the moment - trending up.
3 Likes
Sad to see a hodler go, I always say the most valuable thing about crypto is the community. If zcash is losing more people than it’s adding it will not be good.Can someone share a good news that led to a bull run in zcash, I see quite a few positive announcements but they don’t lead to price appreciation. The bad ones do lead to a dive for sure. Why is that so?
Who in the world invests money in something a couple months/years and then regret their decisions, sell and share it publicly? Not a worthy investor.
I prefer losing 10000 people with 1 ZEC rather than 1 person with 10’000.
The person with 10’000 understands the fundamentals, has better connections, is listen too more seriously and has more influence, like it or not.
In any case, who leaves now is gonna bite it’s tongue in the near future.
1 Like
Agree on the point that don’t lose the Long term hodlers,but how do we know for sure the ones that are leaving are not the 10000 hodler? BTW i was hoping for a big upswing since the news of trust wallet support came out. Maybe I get bullish on the wrong points…
1 Like
It recovers, but slowly. Hope this tendency will continue.
It should. Will see. It’s all quite stable now.
Heavy resistance at 56.2$. Lets see if bulls can push us to 56.5$ until March. Get ready to short at 56.8$
So was wondering what is ontology (cuz I haven’t seen it) not hip to it at all! Seems like it would tie into their smart toilets somehow…
1 Like
I didnt read any positive predictions for 2019. Experts usually say that there will be a little growth in this year, but still the price won’t increase much
1 Like
how are your short positions working out for you?
2 Likes
What short positions? I was f’n joking. Im a ZEC maximalist. I am kind of disappointed tough. As for the USD short, i might not be that far from the truth
Do you also tell people you are vegan while eating a steak?
3 Likes
No i dont tell people im vegan, and its chicken actually, not steak. And yes i am a ZEC max. if it means what i think. First coin i started mining, Bought my first ZEC at 14$, DID NOT SELL!!! at 800$, all the way down to 45. I bought more with cash on cex io last month. When i do sell zec its usually 2-3 most in daytrade to buy another coin and then pour the profit back to zcash. I think thats pretty maximalistic, dont you think? So i guess im allowed to feel little disappointed when miners and founders dump on you like its pure shitcoin so they can go buy something else, while all this development is going on
^.^ i’m just goofing around! actually thought shorting ZEC would’ve been an incorrect move, but very ballsy.
an announcement breaks us from the pack. been multiple months (4-5?) since we’ve had one! my spidey senses are telling me we should get something fairly soon.
i know, right? Its like this gut feeling, you blink and you will miss it. Remember huobi.
1 Like
Hehe looking at an article from 4 hours ago Bitcoin hits 4000 etherium 160
Article from 1 hour ago not the the same!
1 Like
ZEC/BTC 2 year low. HA! BEAT THAT XMR, ETH, LTC you aholes!!
Caught the bottom (for this run) on cex, bought 5 more ZEC at 50.69$
1 Like
I bought some too😎 20 char
Seems like to good decision, the price quickly reversed, might give you good return in the short term.
USD pairs are humming today!
also, was trying to keep track of the ZEC/JPY pair, but lost track of the thread i originally started, and too lazy to find the thread, so i’ll start again from here
Sentiment is changed. From now on ts gonna be more and more “buy the dip” instead “secure profit and set stop loss” . The danger to be left behind is real. I would be really surprised if we go close to the bottom lows again. Now, if only Zooko would pull one giant rabbit out of his a**, one of these days…
1 Like
Seems like a perfect bear trap if I’ve ever seen one.
(note, my predictions are historically very inaccurate when it comes to short-term prices! They are always for entertainment purposes only.)
3 Likes
Why Gemini ZEC withdraw balance keeps reducing?
Stable franc! A swiss bank account cybercoin!
Zcash! A cybercoin swiss bank account! 
2 Likes
TRD-20 STABLECOINZ! Remember in “who framed roger rabbit?” when he just kept breaking plates over his head?! Yeah!
1 Like
Is Zcash dead, or no one really cares?
It’s everything else but not dead, it just didn’t hit yet the (natural) bottom, easy and simple as that …
0.01 BTC f’n depressing
… for long time holders for sure. Analyzing several factors and aspects i came to the mid term conclusion that we will drop further. My absolute personal opinion, calculation for mid term price suggest that 0,0065-0,007 BTC will be a good entry point for me to fill my bags. I won’t risk sooner for sure to entry again!
Just my very personal prediction i have written some 3-4 weeks ago too.
Disclaimer: I don’t own ANY ZEC at the moment (due the reason above!)
Strong support historically at $48, idk…
Sounds like a steal of a price, what with only 21M of em and all…
Far from dead, just not much to say currently. Still believe ZEC will be worth orders of magnitude more at some point. I personally think we’ve seen the bottom, but only time will tell. (seems like a solid accumulation zone to me)
Besides recently, Dec 17ish 2016 to Mar 15 2017 was the only other time zcash traded for under $50
Time rng |_________________|
Its like in the Shawshank Redemption, time and pressure
Just remember what Iggy Pop said, “I won’t crap out!” Lol
I sold. So this could be the bottom.
compare the BTG/BTC behavior, especially since they forked from asics, versus zcash for the same period.
and that project has nothing but a name. well, maybe btg better managed too.
through crypto-winter it holds value just fine.
network hashrate since july 2018 doubled from 1.7M. lots of gpus…
does anyone has a good explanation, why zcash, with technology behind, loses value so quickly?
I would guess because its bloody hard/slow to do anything with BTG… I mined some over a week ago on MPH & its still stuck there waiting for autoexchange.
not sure, but might be as well related that they lost a lot of value due the 51% right bevor the fork. If you took the value from may 2018 it doesn’t look that good at all.
As well have in mind that BTG has 0% inflation, versus ~45% of ZEC, which at least in my opinion is the major factor comparing BTC/ZEC and BTC/BTG… With 0% inflation they even should keep pace with BTC and not losing if the coin has any use at all.
There might be other reasons as well, but for sure the inflation factor is the main one, even no doubt here…
what you mean 0% inflation?
75 btg coins mined by gpu every hour.
i should have explained that i mean the inflation difference to BTC…, thought it’s selfunderstanding in the context to btc price and 0% inflation as we are talking about BTC and not USD…
I guess they are right, unfortunately. But who knows, maybe later it will recover.
Im gonna say 8 days (why not?!)
Only 14 days till the equinox! Is anybody correlated astrological stuff to crypto? I wonder if there’s something to it…lol
Well its actually pretty accurate sounding! Jokes on me I guess! I know a lot of these articles are designed to sound that way but you read it see what you think, this combined with the bot Traders having learned to collude with price manipulation I think is as good an explanation as any! Bull sign!
So Uranus and Taurus are aligned and everybody uses Zcash by 2026 but thats only like 2500 days and theres a lot of research to do!
1 Like
really not trying to fud or anything, but i think not only this is not the bottom, but its being dumped harder then ever, Im taking the USDT sell orders as indicator. Number of ZEC being offered, usually if it goes to 4800 its usualy oversold, now its on 5500 and it was ranging between 5100 and 5300 the past month or two while price was steadily going down
1 Like
There is not enough demand, too many ZEC daily issued resulting in a too high inflation.
Right now across 66 markets only 25% demand and 75% sellers
compared to Bitcoin for example 45% demand and 55% sellers
while most top altcoins are in the 35% demand range.
Than the inflation of around 45%. Massive fake volume on different exchanges.
That’s not FUD, that’s just current reality …
Just found a worksheet on reddit where someone calculated the inflation rates for some crypto currencies. I didn’t double check if they are correct due lack of time, but they seem to be ok on first view:
If the worksheet calculations are correct we can expect an inflation under 10% in year 2023/2024, under 5% in year 2026 and under 3% in year 2029/2030 and below 1% in year 2034 …
with this high inflation my opinion and conclusion is:
- we can’t really await outperforming BTC/ZEC the next years until we have at least 5-10% inflation
- too many ZEC are released while not enough use cases/adoption/demand is in place.
- Zcash should make this matter top priority as it’s directly related to the founding itself as well. Less ZEC value means less available funds for them as well.
- All our technical advantage is literally worth nothing with this huge inflation, low demand & low incentive to keep ZEC. A possibility to counter this would be switching from POW to POS, but unfortonutly, this won’t happen as obviously the technical research is more important then the economical one.
Privacy and POS dont go together. Breaks my heart that we came to this. Maybe end of year Blossom Update, if we get the GPU miners involved and lower ASIC profitability, we can get some kind of a push. Some ENJ, KNC crap gets used in Samsing S10 and Zcash left out, doesnt even make sense.
(Disclaimer: I dont think mentioned projects are bad, but Zcash with a new mobile wallet, would fit like a glove in a flagship phone like that… maybe iPhone LMXIVII)
I fail to see how a blossom/harmoney update will help against inflation or create in incentive to hold ZEC.
Lower Asic profitability won’t check much, it will just further concentrate the asics in low electricity price regions and that’s it all over. If some rewards are shifted towards a 2nd algo it again doesn’t change the whole issuance and inflation anyway. The same amount of ZEC will be created.
Just out of curiousity why Privacy and POS don’t go together? There are allready several privacy coins on POS with PIVx the most popular, but as well Cloack Coin for example and Bitcoin Confidential to come as well on POS. In my opinion this is a technical matter at all. I can’t think of any other incentive for not dropping ZEC at the moment with 45% inflation rate.
Just as a sidenote. When someday ZEC is fully issued are you still thinking POW is used for the transaction fees? Don’t think so…
Enjin crap or not, price increased ~120% the last 7 days for being included into the Samsung S10. That’s what i call smart (from a projects Point of View). Happy i was able to buy a bag of ENJ when i saw the first leak that ENJ will be included 
Haha yeah smart indeed =D I wonder how many peeps at Samsung had bags full of those shitcoins before release =P
Enjin is a very solid project. A very dedicated team and community. They tour all around the world at many conferences and actually integrated their coins in different videogames.
1 Like
XMR has caught up, Coinlib has us both at $49.45
1 Like
seems they even overtook us:
XMR = $50,83
ZEC = $49,98
1 Like
$51.02
Monero $51.20
51.79 Zec
51.25 Mon
Well large caps are all pretty much dead after they made their move earlier, and now because BTC got rejected of 4k they stay idle and wait. Now smaller ones are making their moves in BTC pairs. Zec didnt do any of it , it just lays there. Looks like its resistance more paired to USD then to BTC. And guess who count their profit in USD only. ASIC miners ofcourse
Hope zcash holders are able to make up for the lost opportunities. The Zecbtc pairing looks misrable, someone who had 3 BTC in Dec 18 and converted to zec would have only 1.8 BTC worth now. Those looking at zec fiat pairing do not understand the rapid decline and lost opportunities.
Unfortunatly you are right, there is nothing else to await with our current ~45% inflation rate… And we didn’t hit the bottom yet, i think we will go down as much as 20-30 USD at current BTC price level or compared to BTC 0,0065 …
Just another reason to not move to Texas
“I only ever put in what I could afford to lose”
Remember that doubling down on your freedom is probably a poor choice
https://bitcoinerx.com/crime-beat/millionaire-bitcoin-investor-sam-karagiozis-identified-as-dark-web-drug-trafficker/
The Mt Gox guy got 10 years
Correction- 4 years + 2 1/2 possible in Japanese prison which are some of the most hospitable prisons in the world
So dont worry about him 
There’s actually a problem with Japanese elderly people purposely getting themselves in prison because they like it better there
ZEC = $53,27 USD Hope it will rise soon.
, 20charactersIs anyone else getting the feeling that with all this race for regulation , we are kind of sacrificing the entire point of crypto, which is anonymity. These days the more some crypto asset gets regulated, the price goes up because people perceive regulation with adoption and therefore profit. We are playing to governments tunes. Dont you think that if aalll the top cap cryptos gets KYC’ed or, backdoored regulated or whatever and lets say we we get massive mainstream adoption, replace the financial system completely. Dont you think that there will always be at least one shitcoin with mcap of like 200k$ at this moment, but that offers total privacy, that people will turn to for their privacy. That shitcoin will become what zcash or monero are to fiat right now. Nothing will change. (rant over)
Fishy volume spreadsheet
1 Like
Just generally, nothing about ZEC at all, but interesting:
1 Like
Binance is supporting ZEC/BNB, ZEC/USDT, ZEC/PAX, ZEC/TUSD and ZEC/USDC now. Zooko was right. There’s a lot of good things coming to Zcash this year.
Funds Are Safu
3 Likes
the binance news give a good boost right now …
1 Like
Lil more concrete
Also again, year of the stablecoin
1 Like
Well, I suppose it’s time for a bull run now
Thanks, but do you agree with what it says?
Yes, twenty characters
(Side note, have you guys noticed increasing frequency of credit card and Bank advertisements lately? Mmmhhmm)
2 Likes
THat’s good for Zcash. As I understood, the platform attributes every transaction to a specific customer, and even though privacy is still on the table, it is possible to track money transfers, so Zcash has nothing to worry about should regulation become strict
CoinMarketCap Will Alter Listing Metrics After Fake Volume Research
Cryptocurrency website CoinMarketCap (CMC) has assured to rearrange how it ranks exchanges after recent research found strong indications of fake volume. The research from cryptocurrency index fund provider Bitwise claimed that CMC hosts almost entirely fake volume statistics. This, in turn, deceives investors and inflates the profile of affected coins, Bitwise explained in the report. Speaking to Bloomberg, CMC’s global head of marketing, Carylyne Chan, stated:
“For instance, if an exchange with low traffic has $300M volume and just 5 BTC in its wallet, users will be able to draw their own conclusions without the need for us to make arbitrary judgment calls on what is ’good’ or ’bad,’
1 Like
Dropping again slightly now
Is there a stream of that hearing somewhere?
EDIT: nevermind I found it: CFTC’s Technology Advisory Committee to Meet on March 27, 2019 - YouTube
1 Like
Another absolute fake volume Exchange: Sistemkoin
Just checked this one today by accident as i tried to sell some other Currency and out of curiousity:
Reported ZEC/BTC volume last 24h: $655,768
Sistemkoin orderbook:
1 single !!! buy order at: 0.00000011 BTC for ~3.5ZEC
2 sell orders at: 0.01965113 BTC for 3.2 ZEC and 0.01545555 for about 0.4 ZEC
Reported ZEC/TL (Turkish Lira) volume: US$1,664,858
There are some more orders than with the BTC/ZEC pair, but the smallest gap btw. sale/buy is around 3.5-4$ which alone is evidience enough that this is as well total faked.
Just stay away from sistemkoin exchange!
don’t count sistemkoin volume into your calculations if you trade!
Edit: I checked some other pairs there. This is the biggest fake exchange i have ever encountered. In most cases the buy/sell price differst 3x, 4x or even more times even for the highest volume annnounced coins on this exchange. Mega Ultra Fake volume exchange!!!
3 Likes
As always… unpredictable market:)
It depends on how the team will develop the project.
Future of Privacy Coins?
what is going on? 20cahr
Don’t really know I woke up from a nap and seen everything jump… I was like well this is a pleasant surprise
It always make me feel worse, because I always fear the abyss
1 Like
thank you @Autotunafish
1 Like
Ok but seriously, heres 60 or so central bank crypto reports from multiple countries
2 Likes
Meanwhile, here in the colonies, the battle between banks & exchanges continues…
Buda (aka SurBTC) had their bank accounts frozen by Santander & several others acting together…so Buda took them to court & won an injunction forcing the banks to re-open. This came as a nasty surprise to the banks involved.
The injunction was temporary so the legal battle is still running - last week the courts demanded testimony from two government ministers who were apparently involved & the ministers declined - resulting in another court order forcing them to answer questions.
(Sidenote: This is all quite fun to trade, the market here is quite shallow & panic selling happens often - ideal for bargain hunters, better if they offered ZEC pairs)
1 Like
Maybe a new ZEC fake volume record by Lbank the last 24 hours:
Whole volume due coinmarketcap: $494,101,134 USD
Different Lbank pair volume due coinmarketcap: $345,531,180
means Lbank alone is generating exactly 70% fake volume of total ZEC volume, amazing …
3 Likes
According to this, BTCs next hi target is 55k in about 2 years
https://twitter.com/100trillionUSD/status/1102958785772044289?s=20
Yeah, some suppose this unexpected jump was caused by the artificial and deliberate influence
Do you all think ZEC continues rallying from here?
Do you still believe that?
haha true but also you never know how much these people have invested in the coin
I hope not the last funds they had
I can’t imagine anyone doing that!
I think there are some people who have invested in cryptocurrencies their last funds
Casinos are a better place to gamble.
You should only invest with what your fine to lose.
Can’t imagine such a big risk taken
You are right - no more than you are ready to spend on your hobby. It happens hard for many people to halt though.
we need @al888 back to predict the price… for months used “tried and reliable observational linear logic” (troll for short) or was it his nostradamus crystal ball to foretell of the $150 and lower price of Zcash
1 Like
His suspension will end with world😁
You are right, but many people are not aware of this simple tactic
Price discussion on Reddit, better than Reddit price discussions usually are: https://www.reddit.com/r/zec/comments/bau18o/circulated_supply_and_price_question/
2 Likes
While working on the List of Privacy Coins i noticed that often the Max. Supply shown on CoinMarketCap is INCORRECT and shows LESS max. suppply on many projects than the actual real max. supply that will reached some day.
If you are interested in a given Project/Coin, double-check at the projects homepage and don’t get fooled by the max. supply shown on coinmarketcap and mostly some other coin listing sites as well.
1 Like
There are many people who lost their lives in casinos and you are telling me…
Seems like you like this guy
Oh, his account has been suspended. Looks like did something extraordinary wrong
From all the mentioned rating sites weiss crypto rating gets the best rating …
https://medium.com/digital-asset-news/the-need-for-objective-crypto-ratings-6d02996e69f4
Just read today that specialists can’t help but think that Zcash will begin to stagnate after 2020 because the core team loses its primary source of funding…
Can you post a link to the source?
1 Like
From that beincrypto.com article:
However, there is a higher price reached before this. On Nov 25, 2020, the price may reach a high around $733.
If we reach $733.00 at the end of Nov. 2020 I’ll send you a picture from the Bahamas! 
1 Like
Im hoping to see higher than that😎
Wait, what? That article is not correct, Assange was not a founder of Zcash. CC @joshs
Furthermore, Zcash became associated with Julian Assange and Wikileaks when Wikileaks began accepting donations for Assange’s legal defense in Bitcoin and Zcash. Assange—the founder of Zcash was arrested on Apr 11, 2019
2 Likes
At least zec is on the news😁
That speaks to the credibility of the article. @elisehamdon - will you reach out to them and ask for a correction?
3 Likes
Yes, I would be happy to!
3 Likes
The correction has been made and is now live: https://beincrypto.com/zec-zcash-price-prediction-2019-2020-5-years-updated-april-16/
4 Likes
That was fast
2 Likes
Zcash seems to be moving upward since March. The price accelerated in early April riding a market spike. It did reach a high of $78 on Apr 3, but Zcash started trading downward again. I saw an article recently in beincrypto, it talks about these predictions: The price trading around $175 in December 2019. The price could trade around $685 in December 2020. there were some analysis on patterns, but of course its hard to validate of any pattern in years time.
Thanks for sharing this one!
1 Like
Oh well, maybe they wrote that because Assange was the very early Bitcoin supporter…
It is hard for me to believe that the price will more than double, if we look back on the last year’s predictions they were not so accurate, so I would really trust so bullish opinion 
There’s just about enough Disney characters to assign everyone in crypto space a Disney character, Zcash is the Cheshire Cat obviously there’s no need to ponder that one!
1 Like
Long but very good read …
1 Like
haha yeah Disney’s got enough characters for every currency
Will Bitcoin be Scrooge mcduck?
1 Like
Your forecast is too optimistic. As far as I know, since April 3, the price has only decreased
We have to wait the very first monthly green candle after Jan2018
And comparing to BTC, we have no dip
3 Likes
According to these charts, soon we will be paid to get some zcash )))
2 Likes
This looks interesting, thanks for posting it! I’m always impressed by how many of these links you find.
1 Like
Agree, 20 characters
Hey do you have link to this bitmex re-adding zcash margin trading news ?
Not that it would matter to US traders (Bitmex doesn’t allow US traders currently), but this is a somewhat big deal really. A lot of big money traders I follow use Bitmex exclusively.
Is there an announcement about this as presumably this could just be a legacy page that was never removed as ZEC traded on Bitmex before it was launched until relatively recently when it, and others, were removed.
1 Like
This is definitely legacy. That contract traded >1BTC a zec for awhile, good times
Last I spoke with them in Singapore last year, they removed ZEC due to broad scaling issues. They said that they intended to add ZEC back this year but I don’t have any further update.
1 Like
Anyone left up in here? New topic: How depressed are you from hodling ZEC?
6 Likes
personally holdin out till after blockchain week to see how depressed I feel. Hoping we’ll get some good announcements.
I dont need announcements. I need people to stop f’n selling coz this is getting ridiculous.
Btw, i notice the selling is constant, not huge dumping, judging by the sell order book amounts
3 Likes
Totally depressed. ECC and/or ZFoundation please do something… Some positive news or anything to stop the bleeding!.. We’re below 0.01 zec/btc, -14% only last week 
2 Likes
you are asking for help of people who given away all that we created to China in may 2018.
they were aware of the outcome then, and totally understand situation now.
they take no action, because they already made their mind.
and they still receive founders reward.
such a shame.
3 Likes
I really hope zec devs will shock us all with easy to use and reliable mobile wallet with private tx or something cool of the same level. Because right now situation with zec is ugly. And not only with its price - with wallets also. I’m trying to use official linux wallet now, but it’s shame. It consums a lot of CPU, hangs without any explanation and was able to download only half of blocks for past 24 hours. It slows down my system and is unfriendly for a common user.
So not only price - technology sucks.
UPD: on 62.17% it hanged again ))) no warnings, no errors - just stopped downloading blocks. Nice… This zcashd trash is really a masterpiece
UPD2: video of unprecendented reliability and friendly UX
Showing system params, starting wallet and waiting for it to continue download - failed. Check zcashd tab, close, start zcashd, wait for it to do something or print some errors, warnings - failed.
The Indian government has begun inter-ministerial consultations on a draft bill to ban crypto assets. …
https://bravenewcoin.com/insights/indias-bitcoin-love-story-to-end-in-break-up
I go out… sell all, and never come back… this is the end, i think nothing never go to change…
1 Like
Maybe you want to share your reasons why you exit in this topic specially created for such reason:
1 Like
Ty for tip, i will…
I agree, in the last days / weeks an increasing frustration within the community is noticeable, a few official statements could not hurt at all.
I have to confess, I feel something like:
Your willingness to base your own capitulation on others’ (whilst pretending it has anything to do with the ECC or ZFND) is probably a mistake
This is all quite amusing…
BTC goes up, ZEC doesn’t, folks think the sky falling. Meh.
6 Likes
If Zcash was failing it would not be getting a listing on paybito… Not with their strict listing guidelines… The coin just needs to get itself out of the mud it’s way undervalued IMO…
1 Like
The ECC is a for-profit company in the US so they are very limited on what they can comment on due to SEC rules. They likely have been advised by lawyers not to comment on the market prices at all so don’t expect them to come here and make statements that could potentially have an impact on price.
If there is marketing or development questions then I would say it’s fair game, but this is the “Price Speculation” thread so I’m not surprised there are no comments from ECC.
10 Likes
or maybe they just don’t care.
2 Likes
Or maybe just maybe this 
this is the reasoning behind it…
Here’s why we’re unlikely to get ECC comments that could impact price :-
“The insider trading definition that we are concerned about is the buying or selling of a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. Over the last 10 years, the SEC and the courts have greatly expanded this definition, to include trading by individuals whose “relationship of trust” is so remote as to be non-existent…”
"In recent years, the SEC and the Courts have expanded this further, and insider trading can now include trading by the random man in the street if the SEC believes that he obtained the information from someone who should not have the information. "
1 Like
But note that, since the ECC is not a publicly traded company (it actually doesn’t even have shares because it is an LLC) and ZEC is not an SEC-regulated security, a lot of the SEC rules that apply to publicly traded companies arguably don’t apply to the ECC.
5 Likes
Technically correct, but why take the risk - plus they’re actively working with regulators (which is a good thing IMHO).
They run a tight ship. I’ve never noticed any suspicious price moves prior to announcements (ie: Coinbase) and I quite like that.
4 Likes
its just comfortable position.
we can go as far that any comment, on any topic, could possibly affect the price.
in fact, while obviously ZEC is renewing low’s, falling compared to other crypto, i would love to hear any comments from team.
I would like to see the price going up, but I’m in it for the long haul. I’ll be depressed feom hodling ZEC if we haven’t done much in 5-10 years.
True, ECC is a private company so may not be responsible for things like “forward looking statements” or other such rules. But being in such a position to have influence on the core protocol and making statements regarding market price would certainly be a “bad idea” IMHO, and a sure way to draw regulatory scrutiny.
3 Likes
Still that is no excuse to cut off funding for marketing all completely.
Talking about Insider Trading. If this is a concern that i would await absolute transparency on all funds owned by ECC, Foundation, Stake holders, Investors and so on and absolute transparent adresses that can be viewed/checked by anyone. This would be a real measure against insider trading.
Is there a way we know if ZEC are sold for example if a bug/vulnerability found? Do we know if ZEC are dumped for example? I could list some more at least 10 interesting cases where it would be of interested and could result in insider trading and 2 words on a forum are just peanuts compared to what is possible.
Funding? Do you mean communication?
I agree with users here that the marketing team could certainly use more public interactions with the community and hints of what they are working on. Even if they have to be vague to maintain confidentiality.
3 Likes
0.00932 now. New day, new All Time Low
2 Likes
Or maybe what Shawn said was factually true. Anything they might say could be construed as an attempt to manipulate the price of ZEC…and that would be illegal in the US. Have to remember the rules businesses have to play by in the US can be very limiting, and sometimes just plain ridiculous.
2 Likes
What it is meant by 'their own information of coinmarketcap, coingecko? What kind of information do you want them to deliver?
Legit and not only that but worrying about the price is distracting.
One of these days I’m heading over to Z-HQ to see WTF is going on in there. It’s absolutely mind blowing that there are so many programmers and nothing gets done. Where’s that mobile wallet, huh?
@Lastline It’s not hard to see what they are up to, check the weekly updates: https://forum.zcashcommunity.com/c/weekly-updates
The mobile reference wallet code was just released April 5th (about a month ago) and they are working with wallet providers like Guarda to help them get up and running.
Is it possible to see concrete project plans somewhere?
I want to know when we can expect ready to use official mobile wallet?
This was published about 12 months ago but gives an indication of priorities until 2020. Zcash Company Proposed Roadmap - Electric Coin Company
The ZIPs repo has some proposals for the protocol for NU3 (~April 2020) e.g. supporting BOLT. GitHub - zcash/zips: Zcash Improvement Proposals
I don’t think the Electric Coin Company has committed to an official mobile wallet but rather a reference client (with supporting libraries) to enable others to easily integrate into their wallets.
2 Likes
@gglpnh Garieth is correct, ECC won’t be releasing an “official” mobile wallet, they are supporting other services to add Zcash private addresses.
The team is currently busy on getting 2.0.5 release ready, probably be out within the next couple days.
3 Likes
The expansion is close to top if not done idk, then reaccumulation till this time next year, then it’s solid run until jan-feb 2022
Mmm… I’ll say $120k btc, I don’t care to speculate on the price of Zcash, we haven’t even halved once yet (maybe after that)
( I think it’s safe to assume Bitcoin will be running the show till then cause it’s really not that far away)
1 Like
@Shawn is absolutely right about this. (It’s not specifically due to SEC rules or legal advice, but it is longstanding policy. I have commented on this thread a few times, but never about prices per se.)
5 Likes
Nobody around here refers to it as an alternative!
2 Likes
About Fake Volume …
…
Further to this, the much anticipated entry of ‘institutional investors’ that the market is relying on will require evidence that the same standards of behaviour that these mega-investors see in the traditional financial markets today are being applied in crypto.
…
https://bravenewcoin.com/insights/fake-volumes-and-wash-trading-needs-to-end
1 Like
Zether, a new compeition for Zcash in the long run?
1 Like
Is anyone shorting BSV ?
Wasn’t sure if i should post this in the blackpill or price thread …
What is the point in linking articles behind paywall ?
I just joined with my Google account I didn’t pay anything to read it?
1 Like
Sometimes it’s worth to make a free account on resource sites. I personally consider medium as a good site for resources. If it’s too much to make a free account, simply don’t read medium articles…
What I worry about is this:
This could completely destroy privacy coins. I can see more exchanges like those in Japan delisting zcash and then the volume drops, and its as good as dead.
Interesting. Will be as well interesting to see if this will give a boost to projects that have KYC allready in place. Electroneum comes immediatly into my mind as a privacy coin with full KYC registration needed to use the wallet.
Anybody from ECC a thought on this one? Any researches or consulations done? I doubt, but asking doesn’t hurt…
I think this will, instead, make Zcash shine.
2 Likes
In truth, Zcash shielded transactions may be the only way to support the FATF travel rule currently, thanks to the encrypted memo field.
The Japan delistings were the result of other factors.
7 Likes
I disagree, this really is not much different than the KYC most Exchanges are already enforcing. Once a user is registered at an exchange they are compliant, and it makes no difference if you send to that exchange from your Zcash private Z-address or a transparent T-address because they have a record of the transaction either way. If your amount raises a flag because it’s a large amount or whatever then they will still ask you about how you got it.
Zcash is KYC/AML compatible in this way and should also be compatible with whatever new rules they impose on exchanges. Learn Zcash - Z.Cash
4 Likes
This is it guys, either we break out now, or go back to 0.08 BTC
This is one of the main reasons I think Zcash will be THE privacy coin people look to in the future. That and it’s still early in the halving schedule, so we haven’t seen a change in the stock-to-flow ratio really occur yet.
2 Likes
opt-in privacy coin fits better in my opinion. We are far away from THE privacy coin with just some minotirty using the ZEC privacy options…
Probably is better to refer to it that way. I believe people have the right to privacy, but they also have the right to be transparent, and Zcash offers both. I think we will see larger adoption of Z-addresses once more wallets support it and once the hardware wallets enable it.
Why to be depressed, we need to relax and wait for good days
-When moon?
-Wait few days maybe
1 Like
Crypto mergers are happening at the same time that FB is releasing a “stable coin” with Visa, Mastercard, PayPal and Uber are among firms that will invest around $10 million each in consortium that will govern digital coin.
The end is near.
There are signs that serious Bitcoin correction is about to happen. Bitcoin is almost done forming Head and shoulders pattern, as well as the rising wedge pattern in last 7-10 days which is bearish pattern.
When this happens, value of Zcash will probably drop to ~$60-$70 again. This should be last drop of BTC before 10k. Stay safe.
Binance,
Maybe this is the beginning of the FATFs sweep
1 Like
Thought the same …
1 Like
Head and shoulders complete, BTC dropped at rising wedge edge, don’t say I didn’t warn you.
And apparently it decided to go the opposite way… Zcash is in the green against USD as well hope it continues to go up!
1 Like
It wont be available to general public till next year which it states as well
Oh boy! Venmo on a blockchain! 
Heres a summary, its funny but like its really bad for privacy and Zcash in general
https://twitter.com/jerrybrito/status/1140909167814807552?s=20
1 Like
if every facebook user are given an address, what is the point of a cryptocurrency?
1 Like
Well not all of us use Facebook (some of us ditest it), Libra is just another centralized payment system not unlike Paypal or Venmo, controlled and censorable, just happens to use a blockchain (why idk)
You could say Libra is the point
4 Likes
Any clues as to what is driving current ZEC price movement? The last week or so has definitely set a positive trend.
I personally don’t have a clue just hope it keeps going 
1 Like
It could be the upcoming fork and airdrop of Ycash for all Zcash holders or partly this. I personally have expected this a bit later to come but it could well be possible that it has begun allready.
Is there any more to Ycash than Zclassic?
Time will show, at least Ycash has a funding plan.
Zclassic eliminated the Founders Reward completely. In contrast, Ycash honors the original Zcash promise that 90% of money supply be allocated to users via the free market mining process. To that end, the Ycash Development Fund (YDF) is funded at a rate of 5% of the block reward in perpetuity, starting at block height 570,000. Doing the math, at block height 570,000, 1.4 million coins will have been allocated to the Zcash Founders Reward. That leaves 700,000 coins of unvested Founders Reward. On the Ycash chain, 5% in perpetuity starting at block height 570,000 is exactly 700,000 YEC.
Zclassic uses Equihash(200,9). In contrast, Ycash is committed to mining on commodity hardware. To that end, Ycash’s mining algorithm at launch is Equihash(192,7). And that is only temporary. The plan is to switch to ProgPOW or RandomX at some point after launch.
1 Like
if you believe ZEC’s recovering because the ycash fork - i have a citrus farm to sell you in greenland.
6 Likes
Another one bites the dust
https://www.theblockcrypto.com/tiny/bancor-is-cutting-off-us-users-from-trading-on-its-dex/?utm_source=rss&utm_medium=rss&utm_campaign=default
Swiss based I believe
About Libra, the Facebook stable coin. I’am not a fan of it at all but with this list of where it’s been accepted allready at start someone must admit they did a good job.
It’s mentioned in the article that Libra can be exchanged at regulated exchanges, this could be a positive thing for all other currencies on such exchanges as well.
I have no doubt that BTC will favour most out of it, but others may profit/favour from it as well. Will be interesting to see how (if available) a Libra/ZEC pair will perform…
1 Like
i don’t think facebook is going to have an easy time with this. there’s already republicans that are opposed to libra, and now democrats are joining in. facebook doesn’t have many friends in washington. going to be interesting to watch.
5 Likes
if facebook is allowed to issue their own currency; why wouldn’t liberty reserve types also be able to issue their own gold backed currency too? think congress understands this. if facebook is allowed to issue currency - we can expect to see entities issue specie backed currency. that would probably be the death of all fiat currencies (including fiat backed currency like libra)
3 Likes
Absolutly agree and as said, i’am not a fan either, but i think it would favour us as well. I mean there is a good chance they are the bridge to more adoption and open more doors for other cryptos as well.
3 Likes
This is probably the death nail for tether.
Prediction: Look for the big exchanges to remove tether markets completely.
1 Like
Probably indeed. But than again. If i had to choose btw. Libra and Theter i would prefer Libra which is backuped up indeed by names that have a real financial background instead of that suspect Thether financial setup…
1 Like
Funny part is that Zuckerburg might be reconized in the future as the guy behind “libra” and not the guy behind “facebook”.
4 Likes
Very interesting analysis and thoughs on Facebook’s Libra including that they plan Proof-of-Stake, didn’t await this.
Another very good article regarding Facebook’s Libra and the positive impact it can/could have:
https://medium.com/forbes/what-facebooks-cryptocurrency-means-6-predictions-1c8cf3ea99c0
2 Likes
Enjoyed reading this, I share same thoughts about end result (:
and 0,007 btc go go go!
1 Like
today’s song!
Finds crystal ball, changes the battery, bangs it on the desk a few times and… $125 next week
4 Likes
another news of tether nail. wait they are still widely used… 
Good read with technical analysis and some other interesting conclusions:
https://bravenewcoin.com/insights/zcash-price-analysis-privacy-upgrades-fail-to-gain-traction
3 Likes
so how do you guys enjoy the zcash pre fork pump so far… oh wait!.. fuck!
2 Likes
76.8 / 9897 = 0.007759. so much for 0.0065.
PS: ZEC + 13%/24h vs. BTC’s 2.6%. I guess this is the fork pump?
Probably fork pump🤔…
Summary of G7 finance ministers and Central Bank meeting
1 Like
Zcash down 75% over 1 year. HODL or sell?
now, I’m not saying I endorse this comment from Reddit, but lol
Yes, the 200 IQ move is to sell at the bottom.
2 Likes
300 points if you also bought the top.
BTW: Saw you quoted on CoinTelegram Sonya. Congrats!
2 Likes
ZCASH went to conquer new depths.
1 Like
Lol, on one side indeed funny, on the other it’s the thing the Fomos always write, they wrote it at $300, $250, $200, $150, $125, $100 and so on …
And it’s not the bottom anyway, not with the BTC/ZEC pair, these will go down further, at least in my calculations i made about 10 months ago…So far i was 100% right we reach 0.007 BTC (predicted 10 months ago). Next station is 0.0065 BTC …
3 Likes
It can not be !!!
They should expect less in the future unless interest keeps increasing just to maintain current valuation.
http://smartportal.online/sitemap.php
http://smartportal.online/party-hous.php
You are accurate so far indeed🙂
3 Likes
Remember when ZEC = 0.16 BTC?
1 Like
Feels like only yesterday…oh I believe, in yesterday… (with more apologies to Sir Paul McCartney)
2 Likes
0.0057 ждем 0.0045 или сразу 0.0032?
посмотрим куда пойдет
на данный момент о ратио забудьте. в последних двух сезонах это играется только вниз. есть мнение, что на данный момент всё кроме битка те же барри и винкели держат исключительно как контрпример лузеров для загона инвестоты в дорогой биток. попробовали в мае-июне оживить, но похоже по математике поняли что сейчас не выгодно или несвоевременно. ратио может и 0.001 стать, если бтц на 100к погонят. почему нет. если по математике работает - жадность можно эксплуатировать до непообразимых пределов. как я уже говорил в англоязычных комментах зикеш я бы списывать окончательно не стал. но до устранения вопроса с инфляцией в 2020 новый загон в него будет только при очень благоприятных обстоятельствах.
1 Like
кто такие Барри и Винкель
67.25 / 11775 = 0.0057
Увидел русский флэш-моб и решил присоединиться. Тоже напишу какую-нибудь фигню.
0.005 What are we waiting for, where is the growth?
thrown some more btc in zcash, waiting for other alts to reach my bids. either way its near max pain or straight to oblivion.
$ZEC is now officially bellow 0.005 BTC, I want to congratulate all the holders, Zcash foundation and especially to Zooko and ECC for making this happen
7 Likes
Я плачу, это просто жесть
zcash holds well in the top 30 coins on cmc, gives a chance to stay in the top 50 by the end of the year.
By the end of the month we will protect $ 45, I think.
zcash holds very well. Will be in top 100 coins list by the end of the year. May be even in top 200! if things go like now
nothing holds well against btc now. except maybe completely in-house assets or new scams. they are partially played on btc field. everything that is played on btc field is being aggressively suppressed by bitcoin agenda. now its all about compound narrative effect. cartel-friendly coins like ltc and xmr are being mocked less. others are being hit hard. i’m still uncertain how this all will be played off, will bitcoin leave any room for alts, or its like amazon that cannibalizes retail to full extent, because it can. time will tell. anyway, altsaredead is only one of possible scenarios. if you like zcash and not overinvested - dont give up. just cut off media buzz. otherwise - anytime its ok to consider to cut losses.
Euuwww… smells like bears in here.
1 Like
Why shouldn’t it be?
Zcash future is at it’s most uncertain level ever and zec is bleeding out more than most top 100(strictly price speculation).
ECC can’t make any promise on actual development and are playing the silence game.
Look on twitter, reddit or youtube and 90% of discussion about zcash is not positive.
The once praise funding scheme is now considered the most pathethic. Community has no word in anything, ZIP’s are too complex are overall must be greenlighted by ECC. Let’s not talk about the latest updates (air filled with air) and trademark issues.
3 Likes
Just to make it clear, i didn’t hack johnwisdoms forum account, lol.
About 9 months ago i raised the question if it wasn’t maybe better to change (lower) the emission rate of Zcash to decrease the inflaction rate and at least give more price stability and that way adopt to the low demand instead of pushing daily new ZEC into a market that hasn’t that much demand.
I still think the totally wrong choosen emission rate by design, not only for ZEC but most others as well, are a pain for everybody and are doomed to fail in 95+% of the cases, the other 5% just have a hard time keeping up especially with BTC.
The main problem with the emission rates of most coins is that it literally forces people to BTC IF they don’t want to lose money. The exact reason 8-9 months ago i sold all my ZEC and most into BTC, just not to lose money and to bet on the safe horse, no matter i dislike BTC and can’t find anything appealing there, but financial decisions are financial decisions. Can someone make money with ZEC meanwhile? Sure, even in a bearish and highly volatile market there are always option IF this is your main job, but it’s still questionable IF investing meanwhile or just holding BTC and doing nothing would be even the more profitable path, leave alone the safe and sleep-better factor.
In my opinin in such situations, where it’s clear that there is not enough demand for the daily emission rate it would make more than sense to change it somehow to ensure at least the own Zcash funding by keeping a higher price for ZEC.
The next logical way path would have been some kind of POS design, maybe hybrid as an alternative to give people incentive to buy ZEC, to hold ZEC and helping that way to increase demand and lower willling to sell supply. While most miners than back blocked my idea which i totally understand after they made an investment into asics, fair enough. But than again, with these prices miners in normal countries won’t mine to long either and mining activity is just shifted to china leaving them neither with POS nor with mining but with some ZEC that are daily worth less and less. Selfish ideas or incentive rarely pays out for longer in my opinion.
Let’s be honest, half of the rest here is counting the days for the halving in hope it will solve the price problem, unfortunatly it will not with such low demand if no miracle happens meanwhile. I’am a pure atheist and don’t believe in miracles, lol. So what’s left for the next years? That’s exactly where my bearish all over view comes from, simple mathematics. Daily more supply with daily less demand in generally with a daily getting stronger BTC as the best alternative for not losing money. Again, nearly all projects drive and force literally people into BTC just to make things even worse for the rest. It’s a spiral, caused by an unrealistic emission rate.
Just think about it. How long would Ford, Chevy, Mercedes and all other survive in a normal economy IF they produce daily 10,000 cars but only 5,000 get sold, day by day? It’s no rocket science that they have exactly 2 options: 1.) Lower the production and 2.) Give an incentive to the buyer, like low interest or interest free leasing/financing options to get them sold. Crypto isn’t much different to the laws of economy. IF someone was hoping that fundamental economy laws and mathematics have no place in crypto than he is either blind, too uneducated to follow simple mathematics and logic, too greedy to see the obvious or just that hardcore that it doesn’t matter. The later is ok, the bad thing is that only a handfull have this vision and option.
That’s not a rant by the way, it’s a reminder that most people here got hit hard by the obvious, by common logic and simple mathematics. The frustration that is increasing is understandable, but it’s just the place we had to get after it was clear that there is only a minimal chance that adoption for most projects will not increase as the supply of most coins is increasing. And yes, actually even other shitcoins matter for Zcash, as every failed shitcoin will force mostly people to BTC, further strengthen it’s position. It’s a spiral with only a few possible solutions in my opinion.
I personally still believe in Zcash tech and that’s why i’am still here, but there is no incentive to hold any ZEC at this time until a whole bunch of fundamental questions are solved and a solution found. Beginning from transparency and accountability and trust up to consensus related questions like funding, emission rate, consensus type and and and. Nothing is lost yet, but it doesn’t look to good either.
6 Likes
sorry, but laws of supply/demand economics are not fully suitable for crypto. if at all.)) at least at current stage. i dont want to speculate on my personal opinion and assumptions how this market really works as long as i have no strong proofs to show. but just as a matter of obvious observations that can be googled down through archives of social media… lets take bitcoin. deflationary, first mover, reserve, benchmark, etc. despite all these aspects this winter almost nobody wanted to buy it @~3-4k price. nobody.
except diehard hodlers/zealots. people that have long term bets on btc/crypto. and people, who understood what drives this market nowadays and how blatantly it can be driven both directions. and that there was strong probability that it will be driven upwards again, because main beneficiary ventures/players are alive and no signs closure. now btc is 10k+ again, and suddenly its cool again, etc, etc. with respect to other beforementioned factors, main price drivers in this market are the still the ugliest ones.
Actually you absolutly confirm what i was saying.
ALL cryptos that have more supply than demand are driving/forcing soon or late people to BTC.
That’s exactly the outcome when people realize that the inflations and supply are too high to result in price stability, leave alone price increase, they go to the safe harbour BTC further strengthen it’s position. That’s exactly why you see now again 70+% of BTC dominance, that’s the outcome and the worst thing is that it’s a not soon ending spiral.
(of course there are some other factors as well but i’am talking about fundamental elementary mathematics here and not about some cases here and there)
They do, they are just here and there interruped for some time due pump & dump, FUD, FOMO, bad and good news. I could make endless examples on how a given action into supply & demand immediatly would show an outcome. To keep it basic and to avoid another long post just one elementary example.
What would happen, beginning by tomorrow, every day would be a halving to make an extreme example? This would cut extremely in a very short time the future supply chain. And to be clear, it still wouldn’t be garantee for higher prices actually, BUT at least it would leave the door open for every milestone, innovation, good news to result in higher demand, slowly but surely, in a longer price increasement compared to the todays short jump just to be eaten again by inflation and new emissions that are being released the next day.
As said, the economy laws are the very the same in crypto, enough you filter the artificial short term “manipulations” out. And your theory just supports mine.
And don’t get me wrong, i fully agree that there are pumps & dumps around, more than we all would like to see, that there is huge manipulation on many places, faked numbers and whatever not. I absolutly agree to that and that exactly this has an impact on price, i just argue that it’s artificially for a given time and as soon as it stops the common law of economy are again in place to regulate the price up or down responding to it’s real demand and supply.
2 Likes
That’s how supply/demand works. Crypto is only different in terms of time compared to other trade-ables such as stocks, metals and currencies aka slow moving vs fast moving. What is the same is that in either people are driven by emotions mostly and are hesitant to buy when the prices are in their lows. The narrative is also supported by negative news and chatter which aims to drive the emotions even further to their extreme. The goal is to make the average Joe give to the pressure, forfeit and sell. And this is why we have weak and strong hands. And this goes on and on, until the balance shifts and weak hands are no longer in control of the shares and then we get a supply/demand reversal. After that the trend goes the other way and everything happens in a similar fashion and towards the other extreme.
1 Like
are we all forgetting the CRAZY yearly inflation of *44%? (0.12% Daily)
2 Likes
inflation rate is the same as bitcoin has/had. usd price of zcash is in the range that bitcoin had during same inflation. even lower. bitcoin was first mover and market is different now. but its also an order of magnitude bigger. if it will further/completely head towards derivative gamgling and pure marketing/scam token sales - not only zcash, but all the pow coins will be doomed, except bitcoin.
2 Likes
I… wasn’t sure bitcoin had such an inflation rate.
First 3 years were very much like zcash, the next year it shrank noticeably.
What does the future hold inflation wise for zcash (after the coming halvening?)
there are the numbers for anyone wondering:
Year #bitcoins Inflation per annum
2009 1,624,250 -
--------------------------------------------------
2010 5,020,250 209.1%
2011 8,001,400 59.4%
2012 10,733,825 34.1%
2013 12,199,725 13.7%
2014 13,671,200 12.1%
--------------------------------------------------
2015 15,029,525 9.9%
2016 16,075,400 7.0%
2017 16,750,400 4.2% (estimate)
2018 17,425,400 4.0% (estimate)
2019 18,100,400 3.9% (estimate)
--------------------------------------------------
2020 18,575,200 2.6% (estimate, halvening)
2021 18,912,700 1.8% (estimate)
2022 19,250,200 1.8% (estimate)
2023 19,587,700 1.8% (estimate)
2024 19,806,350 1.1% (estimate, halvening)
--------------------------------------------------
2025 19,975,100 0.9% (estimate)
2026 20,143,850 0.8% (estimate)
2026 20,312,600 0.8% (estimate)
by design.) actually, zcash now in ~2012 of bitcoin age. it hadnt faced its first halving yet. inflation curves of both coins can’t be matched exactly because there’s different eras in mining tech, ect, but my point is in next year zcash inflation will decrease dramatically. its not a main concern long term wise.
2 Likes
Halving priced in, no impact?
We found no evidence that cryptocurrency assets experiencing a halving event outperform the broader market in the months leading up to and following a reduction in miner rewards.
1 Like
It probably depends on how smart the money is.
1 Like
CEX is London based and they transfer GBP to my account via faster payments instantly.
CEX dont have GBP/ZEC pair. Are there any?
49$ and 28 on CMC
chill. it can go even deeper in short term. dumb/gambling money are the fuel of this market, especially at current stage. zcash is out of scope for them now, and slight selling pressure persists. its normal. dca if you believe in its future, otherwise close tickers and come back in case of major events and/or in 2020.) would be better for mental health.
1 Like
Going by the historical data from Coin Market Cap, the future of Zcash looks somewhat bleak. Here is a comparison of Monero to Zcash on August 15 from 2017 to 2019.
Zcash still doing better than Monero in USD trade value in 2018.
This is a screenshot of Kraken taken at 5:45 PM EST August 15,2019. Zcash is 30.94 USD below what Monero is trading for. Zcash trades for 0.002993 less Bitcoin than Monero. Going by this pattern, the future of Zcash in 2020 does not look promising.
I got 13 coins of Zcash left in case of a serious pump but I am so happy that I sold off most of my holdings when this coin went Asic friendly. With the majority of the hashrate coming from Chinese miners who sell off as soon as they can and the current funding debacle that makes this coin look more like BitConnect than Bitcoin in regards to public perception, things are not looking bright for the future.
I wish those of you who held on to your coins the best of luck. Maybe this coin will rise again but I am not counting on it. Just out of curiosity, are Asic miners even profitable at current market price for people paying $0.10-$0.12 USD per kilowatt in electricity?
2 Likes
It seems to me that the official position of the fund and the company is lacking, for example, now at a price of $ 50, the current financing of the fund is in short supply (right?), Which will be reduced from what was planned for the possibility of continuing?
Under the current trend, the price will continue to decline, will the position be revised with respect to the unnecessary attraction of investors? I would be interested in this material for understanding the situation on the part of the company and the fund, so as not to come up with the situation itself. Is it possible? Which of the planned and how will it affect the situation in 2020, according to officials. An opinion about the future is not an effect on the price, as it seems to me and should not be limited to the rules.
funny thing is, and its one of the reasons why i’m here, i’m trying to figure out why everything goes extremely wrong with this one of the minority of useful and legit coins, comparatively to most already failed, dead or scammed away.) maybe its cursed? time will tell.)
Great pump is expected in next hours. I’ve sold 20 zec. Not able to hold this useless junk anymore As I’m a trader looser, whenever I sell there is a pump. So be happy everyone
Sorry to hear that you have been forced to sell these holdings at a very bad time. Really a bad moment, you should have sold or part of it some weeks ago at $80-100 at least and today bought back your 20 ZEC, that would have given you some liquidity in your pocket and some extra bucks, but done is done i guess.
If you didn’t sell allready, wait a bit if possible, seriously. $50 is a terrible price to sell.
1 Like
alex… your medication is wearing off again
[Moderation edit by @daira: please avoid this kind of comment. See Sonya’s moderation guidance below.]
1 Like
I believe it can grow to 60 or even higher. But look at BTC-ZEC chart. This is total crap. I don’t see any movement there except steady price decline.
as for me, i’ll disclose my today zecbtc buys if things will go the way i anticipate. if no - who cares anyway.)
No, i have a bearish view for end of the year and that in BTC/ZEC. This doesn’t mean that i think it’s a good idea to sell at the lowest possible price right at the moment. This is against all trading hope, lol.
If there was really NO other option than i personally would have sold only a fraction to cover my needs temporary but would hold the rest in hope of a temporary wave at least.
However, i wasn’t aware he sold for BTC, thought USD, so the harm is indeed less and it isn’t the worst decision IF ZEC indeed goes down to 0.004-0.0045 until end of the year. But than again, even temporary i personally think there might be some spikes that could boost ZEC temporary back to 0.0055-0.0058 BTC, but that’s just my personal prediction. The current situation with the ongoing funding discussion makes it pretty hard to make good predictions.
Anyway, i’am never happy IF someone has to sell at lowest price, it never makes me feel good, no matter i see such scenarios coming. I’am not the gloating/spiteful person you might think i’am with my bearish predictions
All time low ZEC BTC today. 0.00477
Congrats, the first time someone else than me does the job announcing new all time lows…
I know this comment was meant as a harmless joke, but I ask that we avoid these kinds of jokes, because I can guarantee you that there are people here who do rely on medication for mental or emotional stability. In fact, I’m one of them: I take 225mg of venlafaxine every day. That drug saved my life, and I turn into a puddle of depression without it.
Personally, I’m not offended by jokes about people being off their meds — often they are funny. But it would have been a different story seven years ago, when I was trying to climb out of the hole, unsure that I could be a “real person” again. And there are others who have been basically fine for years, like myself, but who still feel hurt by jokes that make light of mental illness.
Forum rules, in case anyone wants to review them. No one is in trouble, but this comment is mod guidance.
I’ll loop in the other mods to check that we’re all in agreement. If we’re not, I’ll make sure to let y’all know.
2 Likes
You’re right, sorry, I’ll delete it… (deleted)… (undeleted)
1 Like
Leave it up, otherwise people won’t know what we’re talking about
Edit: Too late, oh well.
Damn, i really took it as a harmless joke, as i absolutly got what ChileBob tried to say and as i never was on psycho medications i can laugh about it, but i get your point, and i even didn’t think about such a thing, maybe because i never had use for such kind of medication or drugs in generally. Damn, i don’t even drink alcohol for 7 or 8 years allready, lol.
And to the defence of ChileBob, in the speculation topics we pick on each other a bit, with gives some boring posts here and there some salt and pepper. Just wanted to say that the least thing he wanted to do was to try to offend me, neither i felt like he did, i took it as a 100% joke.
Means that after you cleared it that it could be offensive i’am pretty sure he got the point and neither a warning nor something else is needed, just my opinion as the person that was targeted by this joke.
1 Like
Its a fair point, all sorts of people read this forum & I should’ve considered that - just because we might find it amusing doesn’t make it right. Nothing wrong with a bit of guidance now & then
3 Likes
Yeah, I’m not worried that either of you would be upset. I can tell that you’re just hassling each other for fun, and I don’t think there’s anything wrong with that. But I know that other people have different feelings about it, and also not everyone who comes here is going to know about the dynamic between you two.
Sometimes I feel like I’m constantly killing the fun on here That’s the life of a mod, I suppose.
3 Likes
I certainly hope he wouldn’t take it like that, he and I certainly clash and patience does run short (its been made clear) but I certainly don’t dislike him, in fact I like to think that we might actually be friends if we met
Seeings how I’m the only one who liked chilibob’s Politically Incorrect joke I felt the need to clarify
It reminds me of my personal history with Alexander and not about anyone else and for that I do apologize
feelings… are you serious?))
i think price action of zcash killed all feelings of remaining locals, who hold/held coins from old times. or hardened them that much they couldnt care less about any non polite-correct wordins.
2 Likes
i love u guys 20 char
1 Like
[Moderation edit by @daira: this comment was in response to posts by @gglpnh that I deleted, since they were very clear CoC violations.]
As much as I am an advocate for the “freedom of speech”, this platform is not a public square to yell whatever racially charged slurs you want and tell people to go die.
Please treat all users with respect and follow the Code of Conduct.
We are committed to making participation in this forum a harassment-free experience for everyone, regardless of a person’s…
- Level of experience.
- Gender identity and expression.
- Sexual orientation.
- Disability.
- Personal appearance.
- Body size.
- Race.
- Ethnicity.
- Age.
- Religion.
- Nationality.
3 Likes
Yeah I made a misstake. Gemini does have a GBP/ZEC pair.
Does not have? Gemini only have USD, no GBP.
I am sorry I am going by this tweet I cant trade on gemini to verify because they dont accept residents of my country.
1 Like
So ZEC seems to have stabilized at ~0.0050 BTC after its fall a little while ago. Anyone care to speculate why this might be and what the future trend might be?
some kind of lowest psychological life-support. looks like last desperate holders capitulated. only majors and long-term risk compliant left. some stabilization mini-pumps happened. bitcoin outrage stabilized and slowly going for correction. future? number will go up or down. depends. as for now, considering current situation with market and zec, and my personal view where this all is going, midterm i’d stay rather positive then negative.
… ZEC/BTC Market
Comparing with Bitcoin, Zcash performance has been very low due to a recurring bearish sentiment which has caused the market to fall drastically. In other words, the price actions remain choppy, trading sideways since August 10. The market is indecisive now but the traders have to be on the watch for the possible next direction.
For a positive upsurge, the 0.0060BTC and 0.0065BTC are the major resistance levels for the coin for now. Therefore, a negative spike could retest the important support at the 0.0035BTC and 0.0030BTC before a possible slip to 0.0025BTC. The Stochastic RSI is at the overbought zone, waiting for selling pressure when the indicator faces down.
market indicators doesnt matter much now. non derivative/ieo altmarket is kinda dead in general, and zec has to resolve its current drama and go on with (adjusted)roadmap in particular. in my opinion, the fact that this life support level holds may indicate that major stakeholders have some hope/idea for successful resolution and future of zcash. majority of non-price agnostic retail already dumped. if advisory panel and/or subsequent decisions will go completely wrong - then any next support level will be a pure guess. if situation will resolved in positive way especially from PR point of view then even ~0.0009-0.001 upsurge will be possible. ofc if everything isn’t pre-orchestrated.) lets wait and see. not much time left.)
1 Like
Number go up (20 chars)
2 Likes
After the statements by Zuko in a post about the use of a trademark, we expect a price reduction? Judging by this strategy, soon they will have nothing to pay staff
1 Like
1 month later we are at 0.0046 BTC.
Once we reach 0.0045 it’s time for the next prediction…
There is no market structure in the ZEC/BTC markets, extremely hard to predict where price goes. Only volume will indicate trend reversals.
Both BTC and XMR lost 94% of their value during the high inflation phase. BTC bottomed out about a year before halving. We will see if this is the same for ZEC. I want to see negative correlation between BTC and ALTS before calling bottom.
Also when I daytraded ZEC I was far more sucesfull doing TA on total market cap chart rather price it helps filter out the inflation noise.
market is near point of another great reshuffle and another cycle iteration. too much technical debt with all the batshit valuation that was accumulated since 2017. imagine bsv not going straight to zero after csw lost in court. imagine most of altcoins despite different nature, presumable usecase, founders and business model are acting almost the same since 2018. imho, forfeit ta, withdraw from exchanges that are highly exposed to legal risks, nevermind minor ones, and fasten your seatbelts.)
I have a different approach on this. I can see where your argumentation is coming from but my approach is different for several reasons and if you don’t mind i will explain them in short why i personally think the major meassurement for now is the BTC/ZEC pair and price.
-
The highest volume is created within BTC/ZEC only a minority of volume is USD/ZEC. If we take an analogy would it make sense to take the GBR value for Gold or Oil if 99% of the oil or gold market is traded in US$? I doubt. Hence i base my personal calculations and predictions on BTC and not ZEC as long as this is the biggest trading pair.
-
The biggest problem i have with US$ and why i see it even more unpredictable than BTC is that ZEC isn’t performing independant versus the US$. It’s following in general the BTC value in BTC/US$. That’s absolutly unfortunate and it shouldn’t be like that, but as a fact it’s like this. There are only a very few movements that ZEC makes without BTC in the US$ pair. IF BTC goes tomorrow to $20k ZEC would follow immediatly to at least 125 without any own efford just by following it. There is no logic that in ZEC/US for now after it’s anway dictated by the BTC/US$ in 99% of the cases and movements.
-
BTC news impact ZEC more than US$ news impact ZEC. Be it negative or positive the BTC news have way more impact towards ZEC than the US$ news have.
-
Unreliable historical information. Due the above arguments the historical information and indicators used are again based more on BTC movement than on ZEC’s own movement, hence why i personally call these more unreliable and worse to predict than BTC/ZEC movements. Sure, you see that there might be an uptrend by the technical indicators but what you actually see as an uptrend/downtrend in the USD/ZEC technical analysis is a mirror of BTC/US$ analysis or in other words, till today ZEC has no independed US$ market movement. Or in short, what you think is a ZEC/US$ analysis is just a BTC/US$ in 99% of the cases.
-
As the biggest market is BTC it makes the most sense just to use BTC as an alternative as for example do all banks worldwide when you make a savings depost for example. You can make it in your countries nation fiat, in US$ or in many countries as a GBR or EURO. It’s logical to check which of them is the safest. I guess (didn’t check but i’am pretty sure) that worldwide the most amounts in deposits are hold in US$, same goes for crypto where the largest amounts are hold in BTC. I’am especially referring to this as it’s no different than in the banking sector what we see in crypto, no matter most of use would prefer not to see it that way.
-
There are way more details i could post why i think the BTC/ZEC market is way more important and even more predictable at this time but i would need 2 more hours to write it, which i don’t have right now, hence only some major points.
That’s why i personally see, for someone that has a indeed big amount of money invested in crypto, the BTC/ZEC market seems more predictable, reliable and more important than any other ZEC market. As said, it’s unfortunate and i’am not happy with the BTC situation either, but the only thing until this changes hopefully some day is to adopt meanwhile and trying to get the best out.
1 Like
I’m not really understanding your analogy. Yes, oil trade globally is settled in dollars, and there are gold markets…but FOREX pairs also include other underlying pairs (XAU/ERO, XAG/JPY) and we can analyze these markets for insight to whats happening these economies. Your view is heavily BTC centric, id argue you might be a bitcoin maximalist.
The only real economic activity i see happening with ZEC is speculation and paying employees. Maybe someone can correct me, but i think the ECC is selling ZEC for USD to pay employees as most of them operate in the US. Knowing this, i think that the USD pairing is important. The force (aka my tin-foil hat) tells me there must be some sort of managed USD market activity because of the institutional interest involved with zcash,
Yes, perhaps this is just a paradigm we are in. There was a time where AOL, Netscape, and Yahoo dominated the internet(and market share) in the early 90s. The market largely is stupid. Even though i personally dont like him, you cant ignore legendary investors like Warren Buffet calling BTC “rat poison”. I dont think the market knows any better but to follow BTC. The legacy crypto market was built on BTC pairs.
Firms involved in crypto are largely yeild chasing and they’re in the business of dealing with crypto volatility. BTC dominates the market because it came first. I’m not sure if this is sustainable or relevant to analyze the entire cryptosphere. The dollar is king, almost every person on planet earth is affected by its existence. We are all hoping/rooting for the return of people money (aka non government money) and dollars are spent on research and development to create our dreams of private, democratic money.
cex.io delisting too
Both ZEC and DASH, it would seem that UK will be banning privacy coins.
Unless CEX.IO has changed banking to the same bank as Coinbase UK and were issued with same demands. Then it might not be a UK government issue.
It would seem that CEX.IO is doing its banking through Clear Junction Ltd. Incorporated in the UK. This is an EMI.
The international SWIFT GPB wires arereceived through BANK ALPINUM Liechtenstein.
Since Coinbase UK is doing its banking through an entity called Clear.bank it is possible that both the EMI and the bank are owned by the same entity which could mean that this is indeed a banking issue rather then problems with the UK government.
1 Like
Hi Folks,
Was doing some thinking. I’m all for accumulating ZEC, but I truly think the next bull market we need to make people aware of the tech as well as holders of the coin. I am considered an indigent individual but still been chipping at the coin on dips. Unfortunately on the 40’s dip I haven’t accumulated because of personal finance reasons. I think there may be one more leg lower before the rally but I’m just an ordinary Joe.(so I’m not giving investment advice) Reason I’m bringing this topic up is, when we rally, we should rally hard. We have a low float, so let’s use it to our advantage. Once the price rise people will jump on our bandwagon, and that’s when we can remind them about the privacy tech and keep pushing it. It’s my belief if we don’t do this, the coin will fail or allow another privacy coin to over take the spotlight. I also think ECC and the Foundation needs it to also advance us as a whole and keep Zooko and others motivation alive. If it doesn’t they will start to feel like, let’s get the cash and run, even perhaps start a new coin. I’ve been telling people to buy Bitcoin, because I know where I’m from most people just want to make a quick buck, and where I tell them to buy, Bitcoin been able to offer that. I haven’t told them to buy Zcash, 1 because not every1 can HODL like me and I don’t want the coin to be pushed lower by them, nor do I want them to loose money. I know that will turn people away from the tech. I’ve informed people of Zcash but haven’t told them to buy it, same go for Ethereum Classic. With that said, when we start to look bullish, which I think is just around the corner. Maybe Zcash company can start a marking campaign with current holders to promote the coin with flyer information, kinda like selling girl scout cookies. Alot of great company’s started by going door to door. I would be happy to participate. Best advertisement is by word of mouth! The Coinbase earn was nice but we need to draw people in that are not yet invested in crypto and Coinbase earn can’t help with that to much. If anyone wants to contact me directly, I can be reached at [richiewise91@gmail.com] P.S. ENJOY LIFE FOLKS
1 Like
0.0044 Btc, go go go to 0.0035
First news about Zcash in media for a long time is about financial losses and new dev fund (coindesk). On Forklog (RU language news site) the same article with 3 comments and all of them negative.
And I just want to ask is the biggest focus you need now is really protocol development?
What in your opinion should we focus on?
I have put a facts and a question, not answer. And what do you think?
Did you invest in the new asics to mine in Siberia?
0.00429 BTC. It’s the first time we are below 0.0043 BTC …
I take any bet that we reach 0.0035 - 0.00375 BTC until end of the year.
There is a good chance that we will fall behind Dogecoin by Marketcap at some time, as well quiet an achievement if this happens, lol. Maybe a rebrand to ZebraCash to compete with Dogecoin, lol?
2 Likes
Nah 0.0035 and only through escrow.
Whatever you want for 0.0035 - 0.00375 BTC, i’am ok with everything from $1 - $10k …
Are you ook with escrow? I mean we wont bet 10k Im thinking a friendly bet of 1 zec?
1 Like
true playa.)
in near term any bad ratio is possible.
1 Like
Whatever you want, i’am not betting for money, i’am betting for thrill, hence i offered even the $1 option.
1 ZEC is totally ok, it doesn’t have to be a big amount even i’am fine with one too as i’am 100% sure i will win.
I like people who are 100% sure on bets.
1 Like
if you’ll win, i’ll buy some zcash just for lulz. will be my bet.)
1 Like
I made 10 or 11 months ago a bet with kek about $5k that Zcash won’t be in the Top 20 by market cap in 1 year as i was 200% sure that it’s impossible that due my calculations Zcash can stay in the top 20.
But as i said allready, as it isn’t about money but a bit of thrill i’am ok to get a nice present of his choice for that (not yet) won bet.
Heh…why not have some fun instead? How about if you lose you have to add something to every post you make for a month?
For example -
(username was right & I was wrong)
1 Like
This wasn’t about scaring, it was that i’am sure and i take it as a friendly bet and that 1 ZEC is totally ok.
You got it wrong. So we have a bet about 1 ZEC
As said in my first post regarding the bet, i take every bet, no matter what it’s about.
Want to give your idea a try? lol
No we dont since you like to twist words lets sset the rules and where there is one there is 2
Twist the rules? Come one, what i wrote is totally simple. We reach 0.0035 - 0.00375 until 31st December, that’s it. If it’s on 1st January i lose, simple as that. Nothing to twist and argue about.
Read whart I said… Come on were in a beeping alt bear market and you wont give me 0.0035
?
0.0035*, ok? Just because i’am a nice guy
So who will be the escrow?
Whoever you want, i don’t care, i personally don’t need escrow for some ~$50 but if you need it choose a honest regular forum member, whoever it is.
So the bet is that ZEC doesnt reach 0.0035 by january 1 2020?
0.0035*, means everything below 0.0036 is a win for me.
chose market and at least hourly close. any wick may be.)
No it doesnt what kind of a beep up logic do you have? (Going to get more beer BRB)
Uhmmm, what’s wrong with my logic? Don’t drink alcohol while making financial decisions, lol.
Where is the fun in betting sobber? If you agreed at 0.0035 bottom I think we all know what that means.
Think he means that 0.003599 doesnt count, it would have to be less than 0.0035… which means 0.00349 or lower.
Lol, not enough i’am a nice guy and moved away from the 0.00375 border and agreed to 0.0035*? Pretty picky from you as i made a bigger compromise allready. So just take it or leave it, easy and simple as that.
As a chronic mooner you don’t show much faith in ZEC either, lol.
lol. get a match at 0.00355 already. it isnt worth that much texting.)
No, i made a prediction of 0.0035 - 0.00375 and the middle of that is 0.003625 and i lowered allready below that which is ok but no more. 0.0035* is the lowest i will go because that is what i’am 100% confident that will happen. I’am not a gambler, i bet only if i’am 100% sure to win, not if i think i could maybe win.
(Puts a buy order at 0.00361)
Edit: Oops, I meant 0.00363
2 Likes
Ok Ok let me be clear I will bet boxalex that zec will be above 0.0035 at january first. Do you accetpt?
Good luck. I and my crew are going to try and take every cent you have.
I couldn’t take it any longer I had to buy this coin is just to over sold. I’m starting to think its rally time.
Nah were dumping and then bumping
Dump all you like, just know you might not be able to cover.
I am drunk and joking. You made a very good buy, I wish I was here, buying… Instead of there buying. Sell a little bit before halving dont be greedy.
Sorry I can’t do that I’m wit da HODL GANG…LOL Its for the kids I don’t have yet. Glad to hear your just joking. Let’s get richer together.
Are there still zec holders on the forum?
2 Likes
Nope we all sold at the bottom because thats what we’re supposed to do right?
Who said this is the bottom?
Ok thats a zinger! 
Assuming you mean its >0 then the difference between here and there is negligible
1 Like
only price agnostic holders left. and/or relatively new, like myself. no fun to watch drama and wait for recovery of yellow coin without a bit of skin in the game.)
I’m here to see who is going to win that 1 Zec. Which reminds me - you haven’t agreed to which exchange you’ll use, in case one exchange reaches the negotiated price and another doesn’t.
Also, I’m holding all my Zec for …ever? I mean better times! ^ _ ^
4 Likes
see 0.0035 next week looks like
1 Like
Like vlad said, not really cosidering ever selling de facto
Has to halve (twice) before it gets really interesting. I can wait, got lots of patience.
2 Likes
Hoping it gets at least a little interesting going into halving next year!
1 Like
I’am that convinced that i actually don’t care about the exchange as it won’t be just a 1 time hit for 5 seconds but as you asked for it, i normally take the average from coinmarket cap (that’s the real time number they post actually).
1 Like
Boxlex, Which USD price do you think is minimal for ZEC to stop selling? So that profit would be less than electricity cost?
I don’t make ZEC/US$ calculations/predictions as i can not base them on anything. And i can make even less one with an unknown electricity price. For some people it’s 30 cents and for others it’s 5 cents per kw/h.
in near future ratio can reach any low level. and it has nothing to do with adoption. since this year’s btc rally kick-started, core businesses and famous/related btc persons are actively trying hard to suppress any competition in space. in addition to btc’s existing significant network effect some and weak points that zcash has by itself. and as far as i see, zcash and its founder have some very personal love of some of prominent bitcoiners. for now they are winning the clout. no need to fight it. just wait until current well managed operation “feed all greedy bigots with expensive sats” will be finished or exhausted. and/or next major market shuffle. then some competition will probably emerge back, and we will probably see some ratio lvls from times before. of course other scenarios may kick in, like btc will eventually finish all alts, market as we know it will go down for all coins, or something else. be patient.)
I guess I shouldn’t have post what I posted since it’s been flagged, but thank you every little bit counts. It’s been applied to the HODL. Let’s shrink the float.
I flagged your post @Jaybro91 because we don’t want users soliciting donations. Several years ago we had a issue with many users posting long sad stories of how they needed donations, etc… it’s impossible for us to know what is truth or fiction so we don’t want to encourage it. Nothing personal 
If, on the other hand you, have a Zcash project you are building and would like support for then you can post it on the Foundations Grants platform to request funding: https://grants.zfnd.org/
3 Likes
Ok, I understand. Thanks for the clarification.
1 Like
This is a pretty interesting question so I tweeted about it from a couple of different angles. Other people weighed in. Linking in case anyone wants to read the discussion
2 Likes
I don’t know what kind of math Zooko uses, but the value of coins is created ONLY from demand, supply in this sense creates depreciation, lower prices, and then only in a certain way.
- There are 3 types of offers in Zec: potential (21 million) current (7.2 million) and present (selling coins on the market at the moment or 24 hours), the first 2 offers do not make sense and the latter puts pressure on the price but does not form it because value is acquired through demand.
Example: at the moment, zec is trading at $ 44, whether it came to this level thanks to the offer, then there should be a dependence of the cost on the offer, but the price falls faster than the coins are issued (in percent), the statement is not true that the offer forms the cost. - In cryptocurrency, there is no definition of the cost per coin, there are manipulations and gambling, how much they are willing to buy so much and the coin will cost, mining will follow the profitability in the total mass. The value of a coin is formed at the expense of demand: this rule is confirmed by the fact that we see surges on the price chart, while the price goes up and the coin issue continues linearly, besides, the offer has no effect (trading volume rises tenfold and the price is all growing equally).
- There is no direct correlation between the increase in demand and the supply limit: We don’t know how many coins currently mined are inactive or lost, so even if you announce that 10,000 coins are lost, the price will not increase, because this is a restriction from the potential supply and the current one, and they they do not have any effect on the market (the cost of many coins is higher than Zec at the same time and their offer is greater at the moment and in the future, why?)
Therefore, the release of new coins does not dilute the cost of already issued ones, but the lack of demand yes, has a direct impact on the cost, while the cost of the coins that participate in this proposal (bidding at the moment), in other words, no matter how much you buy and hold zec it will not increase its value in the absence of demand.
its all haggle game until the very end of speculation-only era.
Moved some posts here from the thread about Josh’s draft ZIP, since we were getting off-topic.
My new Ultra accurate price prediction! Just follow the blue line!
As you can see ZCash is very stable coin - it looses price very steady following linear function.
Are there any other coins THAT stable? ZCash is the best.
The only problem here - whenever you buy it you MUST sell it immediately or you will loose your money. This is very handy and disciplines you! ZEC forever!
1 Like
That’s plain wrong: Demand is one factor for price, not for value!
See Definition for Value:
implies the utility of worth of the commodity of service for an individual. (it has never an concrete number!)
See Definition for Price:
can be understood as the money or amount to be paid, in order to get something .
I’am going to argue about this.
Definition of cost: is the amount incurred in the production of goods, i.e. it is the money value of the resources involved in producing something.
I guess it’s the language barrier or maybe an auto-translation that makes you use these 3 (cost, price, value) a bit differently. I just want to help you to understand the differences of the these 3 and that each of these referrs to something different no matter they might be commonly used and replace each other uncorrectly.
Yes, there is a language barrier, but there is no definition of value in cryptocurrency, no one knows how much was spent on a coin to issue it, there is too much fragmentation, and a person doesn’t always sell at a profit, many sellers merge coins and equipment into a minus at lower prices, there is no cost because there is no transparent bookkeeping. agree?
Example: I bought 1 zec on the exchange, who will say what is its value?
Price suppose $ 44.
At the same time, coins from ECC will have a completely different value, how to distinguish them from the total mass? Should they be sold at a different price?
Determining value for zcash is something that is not enough to increase the price, I tried to convey it earlier, now that there is no speculative sense in a coin, it is not possible to break the present without a global change in mood.
Again, you can not detrrmine value of anything as it’s different to every individual. Only talking about the term “value” here.
One can say that he owns 1 ZEC and that the biggest value is it’s privacy attributes but you can not determining it in numbes, price, whatever. The golden rule while talking about value in economics is that it has NO number and NEVER can have a number.
I definitely cannot explain the idea in English.
Zcash has 3 concepts you think
- Price -44 now
- Cost - how much resources have been spent on the issue
- Value is a trait that determines significance, for each individual.
I say that zcash has only 1 point, which is determined by demand, how much are willing to give money for the purchase as much and the coin costs, the remaining points are not applicable now. The offer is also not important, because otherwise there would be no pumps, it can be argued that the pumps would be stronger, but the offer does not play a role at the moment, because no one knows how much will go to the exchange for sale.
Look like it is time to buy in massively.
For me Zcash get his BTC Bottom.
In a long few, Zcash grows very good, if we look to the ALTBear Market.
Hashrate was doubled in the past year. Nice bullish indicator for me.
Long Life Zcash.
Salve from
Alucian
1 Like
Good read and analysis
Zcash Price Analysis - Indications of a relief rally
by Josh Olszewicz 09 Sep 2019, 12:01 UTC
https://bravenewcoin.com/insights/zcash-price-analysis-indications-of-a-relief-rally
3 Likes
moku (olszewicz) aka “bitcoin 33k by july 2018 guy” is not a very reliable source of analysis. yet he’s not ultra biased like some others analysts/traders and nailed last zcash local top at 0.0124, afair. so take it as you like.)
Did you read it fully?
Its a decent analysis. An alt bull market could save us I like that alts are finally moving up as BTC moves down as it should be.
It also doesnt take into account that US regulators are going to favor a US product for the coming custodial services which are a prerequisite for institutional investors. On the bullish side.
Low volume and low market cap could lead to ZEC being excluded on the bearish side.
I agree with the demand. I feel like I’m talking to a break wall because like I said in a previous post. What either ECC or the Foundation should be doing is spending money on awareness. The more valuable the coin is the more likely the coin will succeed, less coins would have to be sold to fund projects, less pricing pressure. If I was running the company I would make small pamphlets that talk about the tech in a clever and interactive way. Then distribute them to all coin holders and marketers and have them create foot traffic awareness. Have people go door to door or have vendor tables. For example if I had informational packets in the US I could get a permit for 25 dollars set up a table in the train Station in Downtown Boston and create awareness and transactions. But no one from this community will listen to me. I ask to come to Zcon1 but they didn’t want to help spend the money to get me there. I haven’t done enough coding schooling for a scholarship. Yes we need technicians but we also need marketers for success. It’s why Litecoin holding up. I feel like Macfee “GOD PLEASE LISTEN PEOPLE”.
1 Like
Trying to reach the masses right now doesn’t make sense. We shouldn’t push for widespread adoption until after shielded mobile wallets are broadly available. Making shielded transactions more accessible is the focus right now.
6 Likes
Again I understand the tech is very important, but I also believe making people aware and holders of the asset, would greatly make people more appreciable at a later date. In order to truly benefit from the tech you must get in on the ground floor. If you don’t the benefit will be minimal and you will just be simply fueling the tech. If this is made to help people, inform them to buy in at the bottom and not at the top. I would appreciate the tech so much more if my net worth increase as well as my use cases. Lets make people richer and way of life easier. For example would you rather own apple stock at a dollar and watch it appreciate over time then buy a mac n iPhone later. Or just wait until the iPhone, iPad, apple watch, and mac was created then buy the stock. I hope you can see where I’m going with this.
Just tell them to buy and hold while the wrinkles get iron out.
This has been one of the consistent issues with Zcash…
We are looking into it, until then
We do not have a person for that role yet, until then
We’ll look at it after this upgrade, until then
We have grants available if someone wants to do it, until then
You can go back to the starting months of this forum with original users asking why is there no marketing, promoting (yeah yeah you did coinbase 2.5 years after launch), hard push saying LOOK AT ZCASH!
You can take the training wheels of the coin, lets go for a spin.
Curious-- if the funds that were spent on the Zconn conference was put into promoting Zcash to the masses, would there be a bigger return on adoption over spending those same funds on those that are already invested?
5 Likes
Let’s say we buy, IDK, a billboard or a TV commercial. Or we hold a version of Zcon meant for the masses. We tell them about Zcash and its cool capabilities.
And then what? The mode of Zcash usage that is broadly accessible, especially on mobile, is basically a copy-paste of bitcoin. If you received that pitch, without any prior investment in Zcash, would you be excited? How many people are gonna download Zepio or ZecWallet and spend a couple of days syncing the blockchain?
I could be wrong. Maybe it is a good idea to start pushing for consumer adoption right now. But I’m worried about people trying Zcash, considering it a marginal improvement that’s a pain in the ass to use (which is the practical reality right now), and then writing it off forever.
OTOH, @zooko has made good points about t-addresses eventually onboarding people to z-addresses.
4 Likes
I expected market to support Zcash with the announcement of Halo. Wonder why Monero is going up on this news 
no point in spontaneous campaigns now. will not work. market dramatically changed in 2019. at least one of three things should happen for zcash to have it’s place in future.
- some major impact on bitcoin. to shake it’s current stance and compound network effect that absorbed 90+% of incentives in cryptocurrency ecosystem.
- some solid business wizardry to onboard. it’s clear now that technical advantages by themselves mean not much nowadays for valuation.
- let zcash team continue build and finish what’s in process and undone till 2020 inflation cut, meanwhile doing all legal/gr job they are currently doing, then try some aggressive comeback. privacy matters for smart people/money. but smart money have low tend to use unpolished things, especially funds related.
while mining pools/hashrate, ecc, some funds and endorsers haven’t capitulated after such huge media and market impact that zcash took this year - maybe they have some vision where zcash goes. so let’s wait things to happen.) stakes are high. it’s still probable to get somewhere near 0.1 in future as an adopted private coin, or end up in misery somewhere at 0.001.
from sceptic point of view - miracle should happen for adoption to replace hoarding, speculation, ponzi and hyip - current usecases for crypto. every cryptocurrency/coin that tried to push payment/moe usecase over stockpiling/sov - relatively failed at given moment.
from optimistic point of view - 1zec = 7btc.)
1 Like
I agree very much with this.
As said in other posts, zcash teams focusing on the non shiny and most important parts is probably the best sign of good working practice to me. And it probably must be quite difficult when there is so much noisy demands for flashy adds that won’t yield anything yet.
1 Like
This of course are valid arguments, but if that’s the case and intension than some major mistakes have been made from start.
-
Than all kinds of wallets should have been highest priority from start and not sapling or others.
-
The inflation rate is wrong choosen, that’s nothing new, but with such incentive that no marketing or creating demand is needed/desired bevor light wallets are avaiable it makes the inflation rate even worse effecting everything. In such case from beginning an equal inflation rate would have fit much better instead of copy & paste BTC inflation.
-
It’s a trade off. While i understand and even agree to your arguments it’s a big trade off and i’am not sure if it does work out at the end. The end result will be, once we have a light wallet and/or marketing begins, that every potential new investor/user will see a financial downfall for years and the feedback of a lot of people that lost money and their investment meanwhile. I mean for every new buyer it’s not really conviencing after he looks at our price chart.
-
The own dev and founders reward are wrong choosen and an ICO or premine would have fit better to secure more funds for development. I mean it’s a strange situation and i’am pretty sure it’s a unique one as well that inflation is supported while exactly the same inflation and non adoption hits the own funds most. Some kind of masochism funding, lol.
-
Why are than $1M or $2m wasted in the Coinbase video tutorial campaign? I mean either you make a campaign from A - Z or you don’t make any if it’s anyway believed it’s of no use.
The market responsed with some short price increase of $1-2 for 2 days. What did you expect from Halo? It’s nothing concrete, it’s nothing audited, it’s nothing fixed, it’s nothing with numbers and digits attached it’s even not sure if it’s usable or what effect it has. It’s even a trade off if you read the paper carefully, at least for now.
The times promising news and roadmaps affect the market are long time offer. Today the market responds long time only for reached improvements and developments. Leave alone that our inflation “eats for breakfast” every small news anyway.
As a sidenote, i consider the realease date of these news personally as very bad choosen again in the middle of the dev fund discussion. Pretty sure that a lot of people that observe things objectively, see this as an attempt to justify a 20% dev fund.
My prediction for 2019 is either ZEC can make the move to $70 or it gets down to $25, worst case $15.
For BTC/ZEC it’s out of question for me that 0.1 BTC is possible the next 5 years if BTC doesn’t mess up something which i think is very unlikely. For end of 2019 i’am sure we will hit 0.0035.
2 Likes
in crypto news never acted as price stimulus by themselves without whales/mm’s (pre)pump.
current price action of zcash and all other major altcoins is just a noise. all of the major altcoins, except some of this season’s fresh vaporware are in price/low discovery mode with slight artificial support. some major support walls were spotted for eth, but that’s all.
from sceptical point of view - mm’s abandoned zcash since june, after poor market reaction. and accorging to recent changes in market - it could be last pump for zcash ever.
from neutral point of view - its essential accumulation for current state of market, and sooner or later bulls will jump in.
Some charts and thoughts with my morning tea
Historical ZEC price per month. This very simple chart just shows how ZEC versus BTC breakout’s have 0 chance to hold for longer. Next time i will add the US$ charts.
Next a view on the different Technical Analysis with 1 hour, 1 day, 1 week and 1 month:
And all candlestick patterns:
Thank you for that info.
Could you please define longer? Are you saying there is 0 chance for ZEC/BTC to be higher around the halving then it is today?
Could you do the same for ETH so that we could compare?
Yes, that’s my personal logical prediction and analysis based on todays demand/supply. The halving will not be enough to stabilize ZEC/BTC price with current performance in my opinion and calculations. It wouldn’t be even enough IF BTC would not halv, we just lack the demand.
But this doesn’t mean there can not be some short price peaks where someone can make some extra bucks of course. But it will correct more soon than late after these.
Sure, give me some minutes …
Here all ETH charts i can get, please share your thoughts after comparing it with ZEC/BTC. I don’t hold ETH and i don’t follow ETH and have 0 interest in ETH so i didn’t analyse these ever.
Historical Price Chart for ETH/BTC:
ETH/BTC Technical Analysis with 1 hour, 1 day, 1 week and 1 month:
And all the ETH/BTC candlestick patterns:
1 Like
Thank you very much it will take me some time to sift through the data, but at least now I understand why you’ve always waited for a certain price point before calling another price target. This was very strange for me. So the method is to do an algorythmic analysis look at all the indicators assign certain weight to them and then define the trend and price?
Looking forward to the ZEC/USD.
I would say its a very small chance that ZEC/USD pair is lower today than at halving, and my evg entry is around $80. I did take some profit from 700-400. Took my inital investment out but sadly spent it on various forms of entertainment. But Im ready to play the lottery. We could both be right, in that case BTC/USD pair would gain more value in a year then ZEC/USD
yeah. all the indicators are ugly and were always ugly. that’s why i’m waiting for some fundamental changes in market or some strong reclaim/reversal for any “clear” reason to have a sizeable buy. still think that zcash can show something special with time. and i’m still lacking ideas why price held in 2018. who is incentivised to buy all the supply while big media period for zcash generally ended in 2017, and some new incentives only started to show. its’s relatively big mcap and op-costly coin to live only on haggle thru all this bearmarket. sometimes i think it’s not coin with strong intentions to store some value in future and preserve some capital for major stakeholders, but just some kind of technical and social experiment, wrapped in a coin frame. or some strange coincidence of speculative factors.) otherwise many economical and other issues could be corrected long ago.
No problem, out of fun (it’s of no interest for me) i made the same with ZEC/ETH as i never made such bevor. At the end of the post you can see ZEC/ETH charts.
Yes, and it’s my logic that it makes no sense to call for a price target and meanwhile call for others. Either you get to the price call you make (if you believe in it of course) or you admit that it was wrong and begin from zero with a new prediction/opinion. As i’am confident that mine, including the 0.0035 BTC for end of the year hold true it does not make sense to make another one. I’am just confident it will happen, no matter that meanwhile there will be some break out attempts, just naturally.
Not only, plus adding, or giving weight to factors that are NOT included in technical analysis. In my case and my calculations i as well add inflation rates btw. the currencies i compare. Actually that’s the base of my calculation and than i weight in technical analysis.
The logic behind this is that the technical analysis can does not include these factors which in my opinion are important. Sure, in history they react to it, but for prediction there is no way technical indicators can include facts like active wallets, inflation, mining profitability and other even more subjective ones with a less weightend factor. But all over you got the idea it seems.
As long as the major ZEC volume is in BTC and not USD and as long as ZEC does not move it’s own but just reacts i see now logic in making price predictions in USD and hence i won’t comment these at all. It’s out of my personal logic to make charts/calculations on a minor trading pair. I would compare it with making a calculation on Sweden’s oil production (price) after the price is literally dictated/influenced by the OPEC price. But that’s just my opinion and approach.
That’s up to everybody. I’am doing business and not just playing lottery, lol. Of course i’am hoping for a big increase some day in ZEC as well and i’am more than willing some day to invest 6 digits USD into ZEC, but today is not 2017 anymore and today with more knowledge, experience and more brain i prefer to play more reasonable, even more i’am responsible of the investment of some friends as well.
This said, no matter i currently have a bearish view for the next years it doesn’t mean i’am not willing to give it some try some day again. But so far it safed me really a lot of money NOT to hold ZEC. And neither FOMO nor FUD works on me. If there comes the point to invest again into ZEC, so it be, i don’t care than if i have to pay 2$ more per ZEC and just onboard on a safe long term ride.
Not sure if it’s possible even in theory for a longer period. I mean this would mean there would be a huge arbitrage gap and that’s more unlikely to happen if i didn’t make a mistake in my head calculation for that one.
Here the ZEC / ETH charts:
strangest coin in a whole market. any scamcoin should have already banned you from forums.)) zteam just doesnt care. interested to see overall outcome of this coin and what was this all about even if my expectations for comeback to majors will never be met.
(lol, i dont mean that zcash is a scamcoin, if i’m misinterpreted)
That’s because scam coins have no arguments, no vision, can’t defend and can’t work on anything other than generating a hype and hot air out of nothing. It would be stupid if a legit project like Zcash acts like scam coins putting it into a scam coin censorship category.
Makes me remember that i got banned immediatly within 2 minutes on the Ycash discord channel, lol.
1 Like
So hypothetically if your target of 0.00365 was not met by the end of the year you would invalidate your data and do a different analysis?
I made a logical error here and Im too tired to think and correct it, have been up all night
of course not. analysis is about probabilities. its not about right or wrong.
have to go to sleep. poor wording again.)
yes, absolutly. In best case i would wait maybe some more 1- 3 weeks if the trend goes into that direction.
Than i would analyse what factors caused the invalidation. If it’s for example something out of calculation that caused it, for example fictionally BTC got attacked and 100,000,000 BTC have been created than it’s something no prediction and calculation can predict. IF nothing major happened and i’am totally wrong than my whole formula/calculation has a major flaw which would lead to a total revision of it.
As explained above. IF no major thing happen at either side, BTC or ZEC, positive or negative, than the prediction should be close. But IF it’s way off than as said above allready, i would invalidate my current approach, revision it and search which factor that is included lead to a way off prediction and of course try to correct, improve and enhance the formula. Actually one of the reasons i share the predictions way upfront here.
Here you go, even adding some more general stats to overview and check how these analysis work out in time:
ZEC/USD today:
ZEC/USD historical price chart:
ZEC/USD Technical Analysis with 1 hour, 1 day, 1 week and 1 month:
ZEC/USD candlestick patterns:
FIAT Indices with 1 hour, 5 hours, 1 day and 1 week:
Disclaimer as someone can see these as financial advise. These charts, graphs and charts are only for educational use. I’am not giving ever any financial advice, just sharing my own approach and how i analyse exchange rates, patterns and such!!
lurking a bit thru history of some topics in this forum, i think you deserve an mvp tag and 1% of rewards.) curious, why you still have an interest in zcash, despite team listened, but looks like never reacted on your advices and expanded research that you persisted to do for such a long time. and time told that you was often right.
1 Like
I often thought about why never nobody listened to more or less obvious things, problems, solutions, whatever.
I think there are 3 major problems involved:
1.) The ECC and ZF have both teams that are paid to find solutions, analyse, have their own mind, have their own “high standards”, have their own view, have heir own everything. Additionally as i mentioned often, i personally think both entities are too technically focused, use a too technically language and i have the impression that only if something is really technicaly said, it might get their attention. I as well think this is maybe the reason why Zcash has not many followers at all. I have a hard time to follow and understand often newsletters, description of new features, whatever, what’s left for average joe and jane.
2.) More important, which i as well often mentioned, lack of community support. This might be due my direct style or bad non native English, i don’t know. But if nobody within the community supports an idea, view, thought, solution, whatever, than there is no indicator for the ECC and ZF to take it more serious.
As long as topics like the “too the moon” and the “price speculation” topics get way more attention than really serious topics that adress real life problems or future of Zcash than something is wrong with the community. At least in my opinion. If everybody cares only about price movements and markets and literally about nothing else than in my opinion it shows that they are not really interested in the product details but mainly only in profit. I’am not sure here, but i could imagine that in such cases, changes, even more unpopular changes, are seen more than a threat than a solution. I could be wrong here, it could as well be that many are not able to analyse logical or just have a different view.
3.) Tradition. It’s well possible that the Zcash teams, and even large parts of the community are too traditionally (for my taste) aligned. Sure, it uses large part of the BTC code, but does this mean it should be as close as BTC forever? In many arguments we see BTC is used as an example, but we simply aren’t BTC nor is the environment the same today compared to BTC’s first years, easy and simple as that.
I think the halvings are the best example for this.
Why i still have interest in Zcash and why i’am still here? Good question, lol. I was allready leaving once, but re-thought about it, that leaving is allways the easiest option. I admit the technical possibilities of the Zash teams, they are top notch in my opinion and only a view projects have such good engineering.
Here we say it will be either top or hop (hop in the meaning of fail) and i think this applies to Zcash as well. Either it will be a top project and coin or it will be just a total experimental fail and a new privacy coin that fixes all the flaws of Zcash will take some day Zcash and Moneros position. Until i see a chance that Zcash can be the privacy leader i think it’s worth to try to contribute, analyse and share my thoughts.
On the other side, being muted allready by several ECC devs including Zooko and others, some community members, i indeed ask myself if it’s worth, as being muted by the people that decide it’s more a small talk we and some others have here. Time will show, the dev fund outcome will play a huge role in my future plans if i continue to trust in ZEC, the ECC and the ZF or not.
6 Likes
I read your posts! This forum would be boring with no critics.
3 Likes
Many seem to prefer a boring forum than or prefer not being bothered with longer posts, critic or a different view or all (most) ECC guys wouldn’t mute forum contributors.
I think it’s naturally that someone has to ask himself if it makes sense to stay/support/post much IF the people it’s adressed leave the impression that they simply don’t won’t even hear about critics, flaws, suggestions, whatever…
One reason, and one big hope actually and why i moved my sentiment from the ECC towards the ZF is exactly your and the ZF’s more openess towards the community as a whole. This of course might be a purely subjective view. Anyway, thx for reading my posts and give them at least some attention
2 Likes
I support people’s right to mute anyone who annoys them
You just don’t annoy me, or at least not more often than anyone else.
2 Likes
Looks like an interesting article, very big and i didn’t have the time today to read it carefully but sharing it meanwhile:
THE END OF CASH: Investing in digital privacy and scarcity as a hedge against negative interest rates and Modern Monetary Theory.
1 Like
Great article. That’s something I was expecting to kick in sooner or later.
For instance I live in Sweden and for the last 5 years or so I saw a big change unfold in front of my very eyes. I read a scientific report a few months ago about card transactions and in that study they came to a conclusion that Sweden had more card transactions in 2018 than US, it’s mind-boggling. We can not buy any bus or train tickets with cash, we can’t pay the taxi with cash, we can’t even buy a cup of coffee in a coffeehouse with cash (yes, this happened to me a few months back), it’s beyond absurd. Now even the big grocery stores around the country are trying to force “credit/debit” paymet methods, only 1 out of 5 or so checkouts do take cash and even that is very limited. There are so many more examples I could write about, and all this was implemented in a span of a few years. The government are soon gonna have a total control over our money (input and output). Sweden is most likely the first country to go cashless and to me that’s frightening and that is one of the biggest reasons why I turned mostly to Zcash and other digital currencies. Based on this fact I can only see that we are still in the early stage of crypto, I bet that in the year 2020-2030 we will have a wide adaptation and the prices will stabilize as a result.
6 Likes
Boxa, where do you get those awsome statistics?
interesting and dangerous part of that article:
Are We Bullish Or Bearish (as of November 2019)?
We are currently within a neutral trading condition for ZEC as of November 2019. For this market to be considered as bullish in the short term, we would need to see a break of ZEC above the $46 level. For this market to be considered as bullish over the longer term, we would need to see ZEC climbing higher above the $75 level.
If the sellers were to push ZEC beneath the support at the $33 level, the market would turn bearish and this could invalidate my 2020 price prediction. Support beneath $33 can be found at $30 and $28.22.
and $31 now!
go go go to 20!!!
And i bought again, waiting to get more under 30$🙂
1 Like
If only Als could be right about the price now! lololoo
2 Likes
You are ready? Yes captain! Who lives at the bottom of the ocean? Our “zec flies to the moon”! Who has a flawed strategy? Have zec flies to the moon!
And we switched to a bear market, we are waiting for a sharp decline in prices, and not gradual as usual
We didnt switch to the bear market we are still in a bear market by definition. The local rise to 14k was a bull trap. It happened a year before the halving and has no precedent in history. If I could find my phone right now (2FA) I would be closing mt short position and buying ZEC. Unfortunately I think I lost it. I still think there is some meat on the bone and I still believe the weak hands are still in BTC. But I fear if we go to test the low of 3k we might witness the collapse of the entire market. And this is something I do not want so me closing my position has to do with my feelings and I unfortunately have no proper proof of BTC bottoming.
1 Like
The market really loves the approach to the dev fund debate and how ECC is dealing with the situation…
1 Like
Yes. And the fact that Zooko mentioned that the DEV fund debate might last until next summer doesnt give me confidence.
In my opinion this issue should be resolved as quickly as possible.
3 Likes
The first poll closes in eight days, that’s pretty fast.
2 Likes
Yes this is good. But I cant find the video of Zooko chatting with this other guy, it is very recent like I saw it this week where he mentioned next summer. I think the context was worst case scenario but I cant find it to verify…
I hate to say it, but it might get worse before it gets better, eventually the proposals that make the cut will have to merge/coalesce into a single solution.
Tempers might fray, toys thrown from prams, pouting & squealing as favourite features get dropped or tweaked - I think we’re more grown up that that (hopefully!).
I’m hopeful, as I suspect much can be resolved before the end of the year if the community provides a clear mandate. I do believe that some details may require a bit longer to work through. I’m highly encouraged by the tone and tenor of recent conversations and engagement.
4 Likes
Not sure. Think most people who have zcash have never come to this forum and have almost no idea what’s been happening with dev funding.
Oh most know its going on. I find it hard to believe in this age of social media that anybody could miss this. They may not know all the details or may not care to participate but they know.
1 Like
It’s not over yet. I can think of some very worse scenarios after the dev fund debatte and discussion.
The non excisting miner signalling is one of the things i have some fear could turn again against the ECC/ZF, no matter it’s a ZF thing.
Than the result itself, a 20% dev fund may have a bad impact as might have a no dev fund, it’s a bit paradox, but there is a chance that whatever proposal is choosen it might hurt.
And some missed chances in my opinion:
- The trademark thingie should have been resolved a long time ago and Zookos trademark comment was badly choosen.
- ECC should have accepted ZF’s suggestion to convert to a non-profit organization, this would have shown a bit more will and faith in serving Zcash ideologicly than for profit.
- ECC had some good chancces by showing voluntary more transparency to get some sympathies, this chance was missed as well in my opinion.
- a lot more missed opportunities the last months that didn’t work in favour of the ECC, but i stop here bevor it gets again a long negative post.
2 Likes
Yeah that’s how you know the company’s death is imminent
hiring people
New team member alert: Steven Smith recently joined the team as Engineering Director. Welcome to the Zeal.
1 Like
Perhaps it was said about zec
Market is green again zec jumped over 30$, could be this was the bottom.
Like 100 times before
1 Like
hiring or replacing people?
Nothing bad anyway, as long as there are funds for the monthly paychecks everything is ok.
If someone is into ai predictions:
You’ve been around here for long enough that you can’t honestly expect me to believe that you actually believe the price of Zcash is an accurate indicator of its true value but I do wonder at how much an increase in the price would affect your civility
1 Like
Interesting question and statement.
Believing in value is very subjective and for everyone different. Something that could have a very high value for you could have no value for me.
That’s why on goods and stocks we have a price which reflects perfectly on which point someone is willing to sell or buy a given thing and give that value a price for the moment you buy/sell it. I would go even that far that whatever value something for me and you has doesn’t matter but it’s more important what value give the majority of people to a given product like ZEC as this is than again reflected in the price and that price doesn’t matter about our both valuation of a given thing.
About the second part of your question with what price i would be please i simple have to answer i don’t know and for me personally i do not care even as i don’t hold any ZEC. This means i do not have the pressure others have that must lower their average buy price to gain a profit or lower their loses.
Actually doing the calculation versus the time when i sold all my ZEC i could have today 4-5x that many ZEC for the same money, but this is not what matters.
Your post indicates that you think my bearish posts are selfish that you seem to miss that in many of my posts i mention that the worng choosen supply curve is hurting the ECC and ZF funding most. And here is the real problem why i’am bearish, less price means less funds for the ECC and ZF, less funding means less team and development, less development and team means less advancing in research and pushing ZEC forward, less research and pushing ZEC forward means less price and even value again.
Just answer yourself if the ECC and ZF would have more possibilities at a price of $100 or $10 per ZEC?
My bearish price predictions are the result of my calculations not the result of my wishes or dreams, lol.
Today we are at $26 and 0.0038BTC while i predicted nearly a year ago that we will reach 0.005 which i adjusted to 0.0035 and/or $25. I’am not responsible for these prices, i only can more or less calculate them and analyze why we are on such price levels.
1 Like
We do you calculate next phase?
??? we = how? do you mean with next phase 2020 or what exactly?
Sry when😉 20 char…and yes 2020
When one or both of my predictions has come true, means $25 and/or 0.0035BTC.
It’s simply because it doesn’t make sense bevor that to go to the next step.
If we get to $25 and/or 0.0035 BTC it means my calculation was pretty good for a 6-12 months prediction and i can work on it for next phase or period or year.
If we do not get to or below $25 and/or 0.0035BTC it means my calculation and prediction is wrong somewhere and it makes no sense to use it further/again or for another time period. That’s why i always wait that the given result happens bevor i move on with another calculation/prediction.
Means in short, as previously explained in other posts, if we reach it and the prediction holds true i will begin the next one and share it again if there are people interested, but just when the current one becomes true or failed for which there is still a 1-2 months window.
2 Likes
It was $ 25.25, which in my opinion is a true forecast.
25.47 on my end, not that it matters, lol.
However, i prefer both to become valid and true, even more as i see the BTC price as the more important prediction for me as long as we are bound to it.
I would say your calculations were miraculous, if we look at when they were posted, even if we bottom out at 0.0038.
3 Likes
Exact bottom is hard to tell, but @boxalex calculation is near perfect😎
4 Likes
Hi guys! I’m not sure if I’m allowed to say this here, but I’m the Community Manager of Coinranking and wanted to say that we have a Prediction Contest on Twitter with which you can predict and win 3.3 Zec this week! You’re already talking about the latest prices, so that’s why I wanted to let you know!
1 ZEC = 0.5 XMR. Insane that 1 ZEC used to be 8 XMR back in June 2017.
I wonder whether ZEC will ever flip XMR again. I doubt it as XMR is clearly winning the race. At least it gets used and it is on its path towards decentralization. ZEC is just a honeypot for the ECC (at least in the eyes of the vast majority of the crypto community). A good example that tech is not everything and a wrong strategy combined with mismanagement can ruin a project even though the tech is world-class…
6 Likes
Monero is on a good track, that’s ok, even more as it’s with way less funding.
What bugs me most is that dogecoin, a total fun coin without anything has overtaken us and has a better market cap. This funny dogcoin even doesn’t have a capped maximum supply which makes it even worse that we are behind a coin with allready 122.230.308.386 issued coins and unlimited supply, just amazing…
5 Likes
I think XMR is going to have problems with the FATF regulations which may lead to exchange de-listings.
1 Like
If we hold these levels into next week we will for a double bottom on the weekly. This is a strong reversal signal look at how pronounced the div is.
I suspect the 0.00425 resistance would be easy and we would head toward 0.008
Also RSI is oversold.
yeh, you are right man. 0.0008 soon
Cool post, bro! 20 charz!
Another month, another paycheck, time to short the Chilean Peso (again).
3 Likes
How do shielded txs, which obfuscate the addys, quantify into that chart?
1 Like
My personal guess is that z to z are not included, the other chance is that a z transaction gets automaticly added a recepient and receiver. I couldn’t find more info than this below:
The sum count of unique addresses that were active in the network (either as a recipient or originator of a ledger change) that day. All parties in a ledger change action (recipients and originators) are counted. Individual addresses are not double-counted if previously active.
But i think it doesn’t matter too much either because the graph shows clearly a trend that goes down and we don’t have too many shielded transactions so it would matter much anyway.
Checking the transaction count now for the last 7 days to see if it somehow fits into the active adresses count graph:
Zcash:
02Dec: 2854
01Dec: 2774
30Nov: 2735
29Nov: 2771
28Nov: 2670
27Nov: 2862
26Nov: 2696
Total: 19,362
Decred:
02Dec: 4079
01Dec: 4213
30Nov: 4192
29Nov: 4016
28Nov: 3831
27Nov: 3886
26Nov: 3585
Total: 27,802
Monero:
02Dec: 6103
01Dec: 4973
30Nov: 5220
29Nov: 6716
28Nov: 7186
27Nov: 9013
26Nov: 7917
Total: 47,128
Grin:
02Dec: 2168
01Dec: 2453
30Nov: 2461
29Nov: 2582
28Nov: 4994
27Nov: 2492
26Nov: 2360
Total: 19,510
And some price charts for the last 30 days:
Well todays looking up, 3526 in the past 24 hrs
https://explorer.zecmate.com/stats
I think apart from high inflation the main contribution to price-action appears to be trust deficit because of broken promise with continuation of dev fund which appears to be imminent.
Strangely we should better atleast look and learn from XMR (part limited to dev fund) as to why it can’t be implemented here.
Even coins like Aeon (irrespective of how small they are and where their price is going) also opt for voluntary donations – Not forced one.
Disclaimer – I am not a miner,i hold ZEC but didn’t like this change
welcome to the forum!
the problem is zcash barely has any shills. we have around 10-15 hardcore ZEC twitter accounts, and close to 0 presence on other platforms.
this post shows the hatred people still have for ZEC. to be this upset after two years when the commentator didn’t even lose any money is striking. we lost these people, and didn’t have any plans on replacing them with new users.
we have no ground game.
2 Likes
…and we’re far too polite (my humble opinion)… we should be nuking trolls from orbit, just to be sure.
Edit: Don’t have to be polite on twitter & its been over a month since I quit smoking.
5 Likes
I have something in store when I get some time I will make a thread about it I have so much work that I have to finish up before the holidays that I barely have any free time at all. And of course the slacker that I am I leave everything for the last minute.
1 Like
Too easy, the challenge is to actually get them to think for themselves
1 month?!! very nice …been thinking about quitting myself!
has anybody ever noticed non-smokers smell bad? only smokers emit that sweet burned tobacco odor.
Its only the first 10-15 years of not smoking that are difficult, after that it gets much easier.
…and yes, I really am buying ZEC instead of cigarettes, its a good motivator.
3 Likes
Hey @Autotunafish, @ChileBob, @kek could you please vote here? I might need this service to lend against my stash I want to try some arbitrage trading but dont want to loose any ZEC.
I dont recommend this service to anyone as I didnt do enough due diligence yet. I am just thinking it might be useful to me. You can use a burner email.
2 Likes
Meanwhile … 0.0036 BTC, another All time record low …
Congratulations on hitting your target. Unfortunately I had not listened to you at the time because my stash would be much bigger now if I did.
But even more unfortunately this will probably continue because I’m as stubborn as a:
Seems no bottom yet…
Today was ZEC/BTC ATL but we should still recover for the day. We are much less liquid and will take some time to correct up with BTC. This would technicaly be considered a double bottom even if we close here. It doesnt have to be an exact same price.
Weekly double bottom.
Daily double bottom.
RSI is based on candle closed so we have to wait for the day to close but the RSI is still higher while the price remains relatively the same.
Also this is so obviously @tmek dumping. Because Saturn has a cube in its pole and some stuff like that.
2 Likes
It’s not my target, but my prediction. And i didn’t hit it yet as i predicted 0.0035 and not 0.0036.
Actually that’s the way to go, i as well wouldn’t listen to anybody, no matter if bearish or bullish if it’s not close to my own logic, prediction, calculation, graphs and charts.
And of course you never know, sometimes there might be something nobody can forsee and predict anyway. In my opinion a prediction is just an calculted outcome/result without any garantee, hence nothing to feel sorry about if you missed some chances, maybe your own prediction will lead you to better results … you never know.
You said that it would go into the 0.0035-0.00365 area and that it would trade in that range. Geez I have to remind you of what you what you said.
This is true. There was actually no other path for me as I bought my eth for $2.60 and sold it way too early. This is a clear over-reaction to the fact I missed a nice little pension with that ETH. I have become a hoarder with ZEC I was doomed from the start
1 Like
Nice quote, so lets do it right this time!
“zec is gonna moon, but it’s gonna hurt until it does”
1 Like
I also believe one day zec will moon. And may be it will be even 10x.
From $1 to $10 for example.
This day all hodlers will celebrate and all bears will regret they have not bought zec for $200 or even $70 when they had a chance.
2 Likes
If you look at any historical chart of any coin following a BTC like distribution model you will see that they have bottomed out about a year before their halving and that their gains were significantly more than 10x. If this market is cyclical (and we dont have enought data yet to claim that it is) ZEC going to 1$ and “mooning” to ten has no basis in price history of any legitimate coin in this market.
1 Like
Example, LTC (coinmarketcap):
29-11-2013 47$
18-01-2015 1.25$
almost 38x down
12-12-2017 333$ (266x from 1.25$, and 7x previous ATH)
And Zcash:
08-01-2018 881$
25-11-2019 25.54$
34x down
Future price? Something about 6000$ :))
8 Likes
2020 Crypto Thesis
2 Likes
Off-topic:
Is the ZFoundation also based in Denver Colorado?
Not really, they don’t have a “central office” like ECC does in Denver, Josh , Sonya, Antonie and the rest of the full time staff are located across the US and in different parts of the world. The 501(c) is registered in Virginia.
3 Likes
I wish I could decentralize my office
Back on topic. Compared to other ALTS ZCASH is performing rather well. Since that correction upwards which started at December 5.
ZEC/LTC didnt correct at all and is still up over 25% in 12 days.
ZEC/XMR has had a nice little bullish correction to the 61.8 fib
and were up 21% in the last 12 days over Monero.
ZEC ETH has corrected a bit lower to the 50% of the entire move up and wicked back up
so our gains on ether are a little under 24% in 12 days
This is quite unusual for our price action. We usualy lead the losses. Now it seems we are loosing much less value then other alts.
3 Likes
Interesting article from CoinDesk in the link below:
In 2020 Zcash can and will become the de facto “holy grail” of crypto described in the excerpt below:
"What does this mean for privacy coins?
The delisting of Monero off exchanges and the deanonymization of MimbleWimble are another big story this year. I’ve argued for a long time that monero and mimblewimble are not anonymous. On Twitter there’s a whole thread with Fluffypony. These are the first generation of crypto coins. If you’re following the research. At some point there will be a crypto that is purely anonymous, fast and scalable (where you can run a whole node on a mobile). That’s the holy grail of crypto and we’re getting closer every day.
Bitcoin is a legacy system. There is no good alternative at this point, but it will be replaced."
7 Likes
The three year double bottom has more power than that pattern which you should trade at the break of the neckline, when the pattern is confirmed. Pattern trading provides horrible results in crypto.
Happy New Year all traders and holders.
Time for some short resumee. End of 2018 i decided to give up on my ZEC holdings (and some other currencies) and instead take the safe route for 2019 and use BTC (even i don’t like BTC!), but business is business.
After a bit more than 1 year i can make resumee of the outcome of this change and i do not regret it at all:
Sold most ZEC at ~$100 and the last batch of ZEC i had at around $80 and bought for all of that BTC in December 2018 for about $3.400 - $3.500.
I’am happy with this decision as ZEC holds today only about 1/3 of the value/price compared to when i sold it and BTC doubled meanwhile in that period.
Cashed out yesterday and waiting to see if there is a chance of an uptrend in BTC and/or ZEC as i can’t see one in the next month for either.
Happy new year and hopefully in 2020 everybody can make some nice profits …
4 Likes
$75 at the end of march.
Stay the course…
3 Likes
In 2020 we will see zec around 300$
300 it will not be enough for sustainable development in the next 4 years, well, either the price should be stable, which no one expects. If there is a pump, then there will be a quick reset and return, we need a price above 1000 so that after the reset there would be a price sufficient to reduce the minimum within 2 years.
The price will be above the ATH because were entering a bull market. There is no more denying this.
5 Likes
#692833-6, 20characters (between those 2 about 150kZec or about 1/50th total : )
Market is going crazy🚀
Damn it Bitcoin bulls you had 1 job.
Well what comes next is trying to push above $9200 to reverse the monthly downtrend.
55$ lets pump it…
Dont count your blessings just yet we need a close above the 65% level of the move down or its just another dead cats bounce.
1 Like
But if we zoom out a little we can see exactly what is going on. ZCASH has broken and retested its previous price structure. In our case this would be our entire price history. So we can safely conclude that something different and exciting is coming. And that is not the worst thing that could happen if we look at that price structure we smashed into pieces with this move. The price action wasnt so great.
We can clearly see that as long as the weekly RSI resistance remains the parabolic trend is not over. So I predict the peak of this ALT move up be somewhere MID march. like Ive been saying for over a month. And then the real correction will come. And you will know it because its going to be deep. And its going to HURT a LOT. And if this one aint over soon than I was wrong and this correction was it.
That’s a seriously bouncy cat
depends Im no good in the short term stuff. This is something I am expecting and I will trade this if it unfolds as I predict. And I may take a higher risk than usual lets say 10% that will depend on how certain I am.
So that would be a spot short ZEC/BTC pair because BTC will be rising by then for the halving pre pump…
Fortunately I am a small fish so I dont have such lovely burdens such as liqudity and volume and all that nonsense. Its not easy being a whale. It gets progressively harder to trade the more you have of something.
Thought peak would be somewhere 115-125$ but 140$is fine too😉 and then is my first profit time and rebuy…
Yeah well, that kind of has to do with what a position trader is. Because we trade higher time frames we are trying to predict price movements with less accuracy. Always waiting for that perfect setup, so you are supposed to view the price action as you trade and adjust you price targets as the action unfolds.
To me a TA target doesnt mean price is going there within this period of time.
To me a TA target is if a price gets here great I get to make money.
A swing or breakout trader doesnt think anything like that.
I like your analyses👍hope to catch the peak in a month or so…
Can’t believe @kek is still surfing while all this fun is going on… jeez… how long is it before playing with waves gets boring…
1 Like
Thank you and I like doing them and posting them. But you must understand I am just a hobby trader. That guy James is a full time trader. His TA is much better then mine and more precise even though he was wrong and overly bearish on BTC.
But thats perfectly natural after 6 months of making money shorting its very hard to change bias. Thats why this game is so hard.
@ChileBob I seem to have broken the forum and cant respond to you directly.
So here goes…
We cannot disregard the possibility that @kek has infact returned from surfing, started shilling ZEC on some obscure image board like the weapons /k/ board of 4chan and has got a little carried away, forgotten he was shilling and is leading a revolution in some foreign country as we speak.
In fact I would check if there are any protesters waving frog posters around there in Chile. Maybe you can find him and bring him back to the community.
1 Like
Hobby or not, but how are your results in trading?
Excelent didnt loose money since BTC was 9600 back in october. And made decent money like 3-4 extra monthly paychecks… But that doesnt sound so impressive when you figure into it the fact that I dont trade that often. So I maybe took 6 trades in that period. Look even professional traders consider 60-65% win ratio very good. But they are taught to manage risk properly they know that levarage is a tool that is used to increase or decrease the volatility of the portfolio. Thats why they call retail traders dumb money. Its because they arent taught to trade properly. The phrase “dumb money” makes fuck sense in crypto because retail describes your access to the market. Professional get the wholesale rate at the investment banks and retail traders get access through introductory brokers who work for commission. We all have access to the same exchanges so there is no retail in crypto and hence no dumb money. And the only true diference between professional and retail is one is qualified and certified to manage and invest other peoples money, while retail only invest their own money. Both can be very good. Its just that retail on average tends to be bad.
So what do you do when you figure out 90% of your customers are wrong all the time? You counter trade them and be right 90% of the time.
But its not a scam because nobody is misleading anybody. Its the job of the trader to learn trading and it isnt the job of the broker to teach him to trade,
Not bad for hobby trader🙂 will follow your analyze, lets see what happens🚀
1 Like
Oh and Im not counting the fact that I put all proffits into ZEC at about $27 soooo currently unrealized proffit is a bit more than 3-4 paychecks. Coming close to a year.
My ZEC entries are $91 in 2017 46 but very little and 27 over half and I think Im profitable I dont even check that…
Well I did take 3k euro out of ether and 3k out of ZEC when it was around 750 so I dont even know how to calculate that.
1 Like
Oh and @Revo5 these professional traders look nothing like I imagined. This dude seems like someone I would sit down and have a beer with, he seems like an intereesting fellow judging from the hairstyle…
1 Like
3 day chart looks like a bull flag with a target between 0.014 and 0.015. Bull div also present. Thats my target by april first. BTC should be between 10.5k and 11.5k still.
Then a deep correction. At least 50% Wont stay that low for long though. When BTC is done pumping alts should explode and than we see 2017…
4 Likes
ZEC should be strong considering the US crypto regulations, but … nope, nothing except exceptional limpness
I had high hopes for Zec but this price action is disturbing.
Can’t even manage to keep pace with Monero
The crypto regulations that have just been submited and havent passed through congress you mean?
The travel rule already exists in some places so for them there probably wont be any need for further legislation
Of course then again there are those folks who just keep asking for clarification and probably never even bother to read it in the first place so they might just get what they’re asking for, mnuchin is calling for greater transparency and regulations which, for transmitters, already exist so I don’t even know
Are your goals still relevant? Judging by what is happening, it is likely that the growth of the market is delayed.
Forum as the very a quiet, no one not remained, all have become very rich? What are the remaining considerations? What prices do you predict?
We’re still here, just watching the news & Wall St meltdown, bond market is next.
Still here waiting for anywhere between 10-14 USD =)
2 Likes
I also think that it will enter the range of 10-15 dollars
See the following developments for zcash for bitcoin losing value and then, the crisis still does not help the halving and the price drops to 3500-4700 dollars, Yes that will never happen, as zcash for for 25, but it was 25 so it really, all altcoins lose value as usual, we get 10 dollars for zcash for, there is an option that bitcoin begins to grow, then still lose in price but not so much, think to 25 to 35 dollarov, other altcoins too loose, you need to fuel the king. Then we restore and catch cash at 85 (or as predicted earlier 120, but then we need money that is not yet received)
1 Like
$10 before the halving? If it does I’ll buy extra. It would be stupid easy to double your money or more.
Whatever it costs the crypt are always willing to buy more, remember zcash for saying that if you fall to 250, then to 150, 70, 50, 35, 25 and now 10 I wish to have, then perhaps you would be willing to buy for 5, 3, 1 Joke.
Everyone is waiting for lower than now, the strategy is excellent, who bought cheap for 250 apparently does not expect anything.
There is an option that after half there will be no growth , what then?
What if after half the price doesn 't change and there’s no money to Finance the development, what happens to the price ?
unfortunately, i’m really blackpilled on ZEC exchange rates. we’re going to still have comparatively high inflation even after the 1st halving, and we’ll probably continue with high selling pressure as winners of new major grants fund their operations. still believe we’ll get a pump at halving, but’ll be short lived. we have a lot of bag holders that’ll probably dump as we hit critical levels. honestly looking for better performance as emissions become more “normalized” after the 2nd halving. also, we still have no serious outreach. bright spot is twitter’s less hostile now that we have some shills posting there… but that’s not going to be enough to deal with high inflation, bagholders, and major grant winners. my gut tells me MGWs will be dumping hard to fund their startups/companies.
“fund ECC for 2 more years”
and
“Changing Zcash supply curve to 3% yearly after 2020 halving”
would’ve solved this, imo, but both ZIPs were rejected, so now we’ll probably need to deal with poor market performance for a few more years. i’m okay with that, it’ll allow people to buy “cheap” ZEC, and build decent positions. people with patience will be rewarded over time.
5 Likes
I am glad to see a sober view of the situation from you, without any 300-500-10000 during the year, month, week.
In fact, the issue is not important in the calculation, only important purchasing power, all zcash for at a price of $ 100 in November, will cost 1 billion, it’s less than many of the capitalizations of the top of the list, therefore, is able to be redeemed with the consequent increase, take an example of a BCH, now worth 5 billion, even with the slight issue it is expensive and can be reset, so the holders and buyers is more important than the issue, important for zcash for inflation or depreciation of available coins and not the new release, even if the emission is 0 then sales will stop, maybe a little bit but not quite, and until the moment comes when there will be more buyers and sellers, this is what you need to develop, you need something that will make people want to have zec and this is not a Confederacy and anonymity, perhaps as an addition to other functions but definitely not the main ones.
I was waiting for zec to become a coin that will provide this functionality for the founders of coins (bitcoin and Ethereum), but this has not happened yet and we are no longer the main suppliers of this functionality, so we lose our appeal, the second function is messaging with complete anonymity, which is also delayed, then this is the key to access sites, but this is very difficult because no one seems to want to deal with a company without a world name. There is still functionality for every day, but it is also difficult to implement, so it does not make sense that we have in the balance, only speculation, i.e. you need to take money from other projects and just publicize yourself.
I believe that just during the pump zec can reach up to 1200 dollars but it’s just a Deposit and reset, and I would like to increase the value of the project, i.e. the price increase no matter what.
1 Like
wow, just making clear that i did not hack keks’ account, lol, no matter it sounds like one of my posts from the past…
Unfortunatly the majority didn’t see the impact of inflation and what a big issue this is actually and will be the next years. The inflation rate is the biggest ZEC “bug”.
What I have trouble understanding is if its inflation, then why did it reach an ATH of almost 900USD in the first week of January 2018 with the same inflation rate. My conservative estimate indicates that during this upcoming BTC halving, ZEC has no good reason to not reach that same ATH it did in January of 2018. I can’t see a good reason why it would not since inflation rate was the same then as it is now up until later this year and all the other fundamentals behind it have only gotten stronger. I am saying this as an opinion and welcome feedback.
Just some points with some elementary examples:
1.) You should have in mind that daily new ZEC are mined. The inflation rate is the same but the meanwhile & todays circulating ZEC is much higher now.
2.) I think a compariston which some kind of “bubble” or artificial peek is not a good comparison in general. There will always be peeks and spikes, but i never would refer to this as “real value” or “real price”, but that’s just me of course. They are good points for sale for good traders, that’s it.
3.) Demand versus supply is lower. The more supply you have (mined, dropped) the more demand is needed to compensate the inflation rate. The more demand versus supply the higher the price, the less demand and higher supply the less the price, it’s actually very simple.
4.) Until early 2018 ZEC was still mined with GPU’s all around the world. After the introduction of Asics the GPU community got forced out of mining, resulting in a loss of about 100.000 active adresses per day. Further, the mining farms are very centralized in China due the lower power costs there, resulting in a much higher competition among miners, resulting in an additionally ZEC sell pressure to cover maintaince costs (electricity/new hardware/etc.)
5.) Many compare the ZEC inflation rate with BTC’s inflation rate, but while on paper it’s the same in the real world BTC has a huge advantage as it has passed already more halvings than ZEC did, hence i call the choosen inflation rate for ZEC at the beginning the worst decision made for Zcash. This is important as unfortunatly BTC is a more stable investment for now due the way lower inflation rate.
I think the above are 5 good reasons that explain why ZEC will continue at least 4 1/2 years to struggle with price IF not much more demand is created somewhere somehow somewhat. I could list about another 20 more minor reasons why i think ZEC will struggle pricewise the next 4 1/2 years but it would get a too long post which i try to avoid lately.
That’s fine and this topic is created to share opinions. Mine is only an opinion as well, i could be totally wrong as well. What i’am absolutly sure is that there will be no new ATH the next 4 1/2 years, even nothing close to that.
The major coronovirus issue and economic crisis worldwide resulting from it won’t help either. The negative impact will be huge in my opinion. That’s it for today
I think you do not take into account everything, if the demand increases, then despite the release of new coins, the price will go up, because the volume of already issued coins will play into the hands of buyers, the more coins on the market the less the percentage of new coins issued per day from the total number, a simple example with monero, with the number of coins much larger than zec, it still came out on capitalization and high cost on a par with other coins. You need to understand the capacity of the market, if the market is ready to inject capital in the amount of say 5 billion in zec, the price will be higher than the last peak.
Another example: Dash at its peak of 1550 dollars per coin had a capitalization of 12 billion with the number of coins a little less than 9 million. at that time, this figure increased from a small cost( about 10 dollars) and came to 71( with a minimum of 40 after the pump) , while the crypt without capacity on real use can be any price.
The only task is to find interest in zec for capital, and Yes the division in half will not be such an interest, because the number of buyers will not increase, everyone is mistaken because they think that a decrease in output will push the price, although this is not the case,
the price growth pushes and then buyers come and push it even higher, and then negative news will accelerate the decline (lack of investment for further development)
Therefore, if there are any agreements that will give impetus to the introduction of zec in the company or mass acceptance by people, they are very well hidden and they should spur growth, if they do not exist and everything that is announced for 2020 and will be done then no one will be interested in it, everyone is worn with anonymity as if there are many people who will use zec to achieve it, I do not know any, can you know?
Who is there closer, tell them that you need to invest not in the economy but in zcash!
Bloody day today.
Seems i have some kind of 6th sense and don’t hold any crypto anymore since some weeks, but i feel sorry for all others that bought in at higher levels.
I guess this bloody trend will continue for some more months, maybe even half a year.
1 Like
wtf just happened? have I missed some major announcement?
ahhh… ahhhhhh… aaahhhhhhh… CHOOOOOOOO!!!
(nope, nothing going on here)
3 Likes
but why today?
and I did wonder, ever since the inception of bitcoin, if you cant do “quantitive easing” - then what happens in situations like this. still 25 - 45% off all coins in 12 hrs…
The whole market for all coins was worth about 180,000,000,000 GBP at about 2am utc 12 hours later it is worth 130,000,000,000 - 50 billon in 12 hours?
really this is just corona? something else must have happened? has china shut off their ASIC plants due to not being able to make electricity? is it supply chains? the zec network hasrate has been really strange over the past month or so, to the point where it is so erratic that “something is up” and I feel this could be a good time to go over the "miners just process transactions, and it will always be slightly economically viable for them) - take any 7 day period over the past month and compare it to any other period.
So far my only logical conclusion is rolling blackouts.
1 Like
Ima start stocking up for the winter… 
…I hope folks were expecting this when it hit ~70USD recently…
2 Likes
Rolling blackouts? Its a bit early for that level of disruption, interesting thought.
The diff algo is responsive, recalculates every block & can resolve large changes within 20, so not really concerned. If that kinda thing happens we’ll be in way better shape than BTC.
Much more likely just market panic, $900 million liquidated BTC longs on Bitmex is the definition of ‘having a bad day’.
3 Likes
idk. I don’t think they have the power. here is a bit of a better example, I was going to type up a full post for this, but here are the images in a half done state.
What is going on in the red box?
A little closer detail
I cannot find another single point where the hashrate has gone like this. maybe I just haven’t looked hard enough. these points here might be where outside factors could cause a similar issue
It is “D” I have never seen on the network before, and it looks like a potential chain split to me. (from my limited experience with my own dual zec setup - to see what network partitioning would actually look like.
long story short, bad, very bad.
so can anyone else have any idea what is causing this? my guess at electric was due to other coins seeming to be okay, for example: Monero seems okay, (but that is not asic and reliant on china) - bitcoin might be a bit screwed but their are supply chains outside of china for that. Ethereum are still gpu mineable, again not reliant on china.
idk. id love to hear any and all thoughts.
1 Like
My bet for whats going on… mining farms tend to be large, unattended or under-attended infrastructure tends to go wonky quite fast. Could be power, could be network, cant do everything remotely & if rig-monkeys cant get to work. Dunno.
1 Like
Sure,
but it is the same outcome, potentially two zec’s. is there anyone who knows abit more about this than me? maybe @sonya or @elenita would kindly bring this to the attention of the ECC and ZFND. Specifically a partition of the network between china and the rest of the world. I have no easier answers, maybe a pow fork to sha256 or other gpu, fpga and asic friendly algo.
@boxalex and @secparam I remember you have some work regarding attacks either through hashrate or voting. is this erratic hashrate something to worry about from that point of view? I know nothing. I am just very concerned by that hashrate. looks like lots of stuff is getting switched off for a day or two then back on, then back off. In another pic I have around here it looks very different when people switch off due to it being not economically viable for a while.
1 Like
I’am not sure, i’am a bit out of crypto business lately. I checked two other graphs for ZEC hashrate (see screenshots below) and i don’t see the same picture like the one posted in your screenshots.
Here my guesses anyway:
1.) Display/Visualitzation issue of the chart in your or my screenshots?
2.) In case your screenshots/charts are reliable my next bet would go to miners auto switching btw. coins on the equihash algo. At higher difficulty switching to other coins and coming back when difficulty is lower again. The faster block time and i guess, faster recalculation of the difficulty could make this “game” more interesting for miners.
3.) I have to lock it up. But i think at some times chinese electricity prices change up to the season we are in.Can’t remember if there is a difference in day/night electricity prices, but this could be a reason as well.
These are my 3 bets/guesses on what’s going on.
1 Like
I would guess the website started updating data more frequently at that point
1 Like
Yep, it’s obvious from the graph that’s what happened. Network hash rate has always been choppy (slightly more so after Blossom, but well within what the difficulty adjustment algorithm can handle).
3 Likes
Out of curiosity I looked for info on the diff algo for XMR to see how it compares, looks like ZEC is far better at handling wild hashrate changes (20 blocks, compared to 675).
When there is a large and sudden change in hashrate, e.g. due to the April 6th 2018 PoW change, it will therefore take 15+60=75 blocks before the change in hashrate starts to affect the difficulty. The change to difficulty when adjusting to the new hashrate will be gradual, and after 15+60+600=675 blocks the new hashrate will have been fully taken into account by the algorithm.
Source :-
I dont really keep up but is our 24h volume normally 150% of the total marketcap? (Seems high, same for eth)
Regarding the coronavirus or any global pandemic, I am of the mind that this is one situation where digital currencies have an advantage over physical currencies that can be a carrier of viruses. When we experienced a bear market for cryptocurrencies, the stock market was still in a bull market. Now that the stock market has turned very bearish, crypto still experiences a bear market. I dont know that the two are closely correlated. Today coindesk published an article stating that financial institutions had to sell of their crypto investments simply because they needed to meet liquidity requirements. So basically it means that if this was the main cause of the drop this week then it was not because crypto isnt a safe haven asset. Rather, they had a liquidity issue they needed to solve immediately.
1 Like
is there a zec price point where zfund or ecc becomes insolvent?
2 Likes
yes hoprfully @joshs can speak to it.)
30 dollars, this is the threshold for all coins to go to expenses, excluding the founders, now below the threshold and there is funding from the runway and as I assume the reduction of development costs .
I’ve been asked about this situation, everyone said no need to think about it, the price is not important and all that, now after downsizing seems to be another story about the need to pass the path and so forth, if this is in the period of six months, that money will not go quite according to my calculations and it makes no sense to wait for the division awards in half because in those conditions the development will have ECC 7% at 25 dollars is about 200 thousand dollars a month, the Fund is 145000 and even taking into account grants will not sum to continue. Now at a price of $ 25 just month get 1 150 000 dollars, only for ECC required amount according to their calculations, but the last time they were saved and therefore will likely be enough and the Fund but not to the founders, dilution was not therefore think that the deficit, it is provided that zec will cost higher than 25,
as I have previously said that price is 10-15 and after the news I think we’ll be there well, or even lower, it is good that the price is not important and people have the opportunity to buy cheap zec, that’s just not these people yet.
1 Like
Hi @mistfpga
Yes, today is painful. But we maintain a cash and coin treasury, and not subject to the volatility of any single day. We also adjust expenses based on trailing averages and what’s been happening on the ground.
Stay safe!
6 Likes
hey gooda to hear. thanks josh
1 Like
Hello, the average monthly price since September 2019 is below 50 dollars, around 47 dollars, what will happen if the price remains below 30 until September 2020, everything will be fine? Alternative funding is currently being considered? This directly affects the future of the project, if there is no alternative funding I will no longer hold coins, I believe not one of me, because everything that is planned for 2020 will not accelerate the adoption of the world in my opinion, if this information is secret, I understand, and then another question - when will the next financial report from the company and news about the work done and plans for 6 months are they from the current date or from the last date of publication of the original development plan(and therefore their implementation namechina to the end of this month)?
Hi Anton1. The transparency report for Q3 will be released this month.
Thanks for the answer
1 Like
Place bids, what will be the lower price? How long will we sit at a price below$ 20? Can we double the cost in November? How much will the maximum price be ?
- 10-15 dollars
- Until the summer of 2020
- Yes, the price will at least double
- this year I think it will be difficult to get above 50, we will be stable at 30 (but it all depends on the market , I’m still waiting for 120 but not as much as before)
I think 10-15 USD is likely given the present chaos in the world.
…I hear a ghostly panda laughing diabolically…
1 Like
1.) 5 - 10 US$. Having in mind we are only at the beginning of that crisis, especially the USA, my guess is more pesimistic. This crisis will cost a lot of jobs, at least temporary until end of the 3rd quarter of the year.
2.) End of September or October is my guess. Even than i’am not sure people are liquid enough to invest again into crypto enough to compensate for the meanwhile new mined ZEC’s or coins in generally. I think it might be take even longer until things get back to normality pricewise.
3.) I don’t think, see point 2. People won’t have enough liquidity. I even had my doubts even with the inflation rate alone, but now with the global crisis situation i have even more doubts that the price can at least double.
4.) Until end of the year i think it’s best to be prepared for prices in the range of 5 -15 US$. If it’s more, great, but better safe than sorry. I think US$ 50 is pretty unrealistic and everything with 3 digits is pure utopia for 2020.
Just my guess, not calling it a prediction this time as everything in this crisis chaos is pretty out of control.
1 Like
yoooo i called this like a year ago. time to buy all zec you possibly can. This is the greatest gift to humanity.
3 Likes
I am waiting for the transparency report, at these prices there will be no money for salary payments, so everything can change in any direction, for example, the sale of the project, which I spoke about a year ago. There is some misinformation about the good situation in Finance (a message on the forum and on the site where there is a hiring of new employees) I assume that the balance is too small to continue and 20% is 1 million per month which is clearly not enough and there is a reduction in everything including the main projects do not keep up with the schedule,
how many will not be able to fire employees is not known. I will hope that I am wrong and thicken the paint and the current crisis can go to the hands of the cryptos as a whole, the only question is how soon the economies of countries can begin to recover, I’m not talking about the crisis of traditional financial layers, I’m only talking about the slowdown caused by the virus.
Bitcoin this year was supposed to show good dynamics in growth, I think that it will still be starting in the summer, the only question is when the money will go to altcoins and if the team has some real plan for the adoption of zcash then if everything is properly planned it can shoot and take a place in the top 10, if there is no plan, we will only lag behind the others.
I also assume that this year will change the composition of the first 20 coins, the crisis will force you to withdraw projects with large capital and pump up small projects as it was in 2014 and 2017, the coins rasli from which no one expected growth, I hope that zec will shoot just as suspiciously that the first 200 addresses are too passive and the alignment does not change, on the contrary, there is an accumulation, ie despite the depreciation of someone buys, it reminds monero before the pump, or xrp. Therefore, I do not exclude the possibility of a pump without warning, and a situation when the buyer goes for the price and growth, and not Vice versa when the price increases on purchases, where is my 2012 year
I’am as well pretty sure that the low price currently (or lower prices in future) will cause bigger problems with current Zcash development at the ECC.
Recover? The economies have even not yet been hit but it just begun, expect china. These days with borders closed around the world, shops/markets/whatever been closed for weeks/maybe months and and and the real problem and struggle just begins right now. Until now it was a bit more kindergarten as the biggest economic countries are just now at the begin of the real crisis (USA, UK, France, Germany, Canada, Australia, you name them).
IF the european experts are right the second Corona wave will occur in September. I’am personally as well very confident that China will be hit again/once more by it. Having in mind the unserious approach of the UK, USA and some other countries regarding this crisis things can only get much worse. Hence i’am very pesimistic for the whole 2020 year in all regards, not just crypto. I doubt there will be an economic recovery, or at least soonest after end of 3rd quarter.
To be fair, i think right now it’s nearly impossible to make any plans for more adoption. This chaos and crisis is not good for gaining more market shares and/or get more adoption. There is just no liquidity, leave alone the low interest due other current crisis problems.
Actually, in my opinion, all efford should be go towards minimizing/reducing costs/expenses at the ECC/Foundation for the time the crisis is ongoing. Right now putting money/resources/time into adoption would be a waste of resources only in my opinion, unfortunatly. Something like advertising anti-mosquite sprays in winter in siberia, lol.
A short time pump can always happen, but i doubt that is something anybody should hope or count on. It’s as well not in the favour of the Zcash project if only short and very limited pumps happen.
Let’s see what happens next, our views differ slightly in terms of strategy and possible situations in the world and in the zcash project. But everyone can be right.
Riding the bull market profitably is not getting shaken out during the multiple successive short term pumps that create the greater trend.
3 Likes
null aka zero also the shape of saturn
Ratio completely retraced the rally that started 3 months ago. Sucks that the halving pump seems to be over. I thought it could reach 0.01 at least. Damn.
I think that at the moment the price is very overstated, the fact that there was an inexplicable growth indicates that there is simply speculation on the asset, we return to the rate of 10-15 dollars. Upon reaching the bottom in winter, we may begin a recovery, provided that the asset is not only speculation, but at least something appears that works on the economic model of the product. I think that 120 $ in this case we will take
In the current situation, the risk of the project going into non-repayment for 6 months after the halving is confirmed. Time will tell whether there are enough resources to overcome the funding crisis.
Bitcoin is below 10 thousand, flew down to $ 35 per zec!
Before reading this, be aware that this is also part of my campaign pitch for MGRC.
I’ve been bearish on financial assets for a while, but especially during this run up. There is an equity culture that is full mania with stock slices and more ETFs than you can shake a stick at. Also the rapidly narrowing delineation between currency and equity (you can trade for free on a single app, and use those funds immediately to buy lunch) presents unique consideration for “cryptocurrency communities” (think do you want to be a tesla community member, or a ethereum community member) We could be heading into the early stages of this equity culture, but I believe that its origin is at least 50 years old, and we are nearing its end. I am also immediately bearish because it seems that the treasury’s use of $6T was not very well allocated through PPP and similar programs. I also cannot ignore that current defi mania presents the question of the present viability of heavily layered and leveraged contracts and scripts on ethereum. I have not determined whether an ethereum implosion will be a plus for zcash in the near term, but see ethereum’s righful demise as a positive for the space long term. I was originally speculating that the implosion of ethereum could lead to value accreting back to ETC, but I am encouraged to see ETC people and Hudson timely show up to Zcash.
I’m offering these thoughts as a better way to appreciate my candidacy for the MGRC. The success of the MGRC cannot be ignored in your calculations for the future of Zcash. For instance, let’s say MGRC’s performance is disappointing while simply overall market prices drop bringing ZEC to near term lows, say $20. The Foundation has decided to pay out $2500 a month to the MGRC members. At those prices, even the 120 ZEC a month in direct payment to committee members a month becomes meaningful when many candidates want to allocate resources to many projects. What if ZEC goes to $10? I’d be buying heavily, but be aware that the committee members are being paid 1/30 of the MGRC Slice. I think there needs to be recognition that we are possibly living in times of excess, and that a pervasive bullish view within the leadership of the MGRC can lead to the entire project’s downfall should the market turn against us without proper preparation.
4 Likes
Hello i want to give me Analyse for Zcash for next 2 months …
because i shooow just stopped and dumping ?? what’s problem
and i want to ask you for Zcash … Have news or nooot ?? because i search in coinmarketcal but i didn’t find any news or upgrade for Zcash ???
thank youuu
2 Likes
The logo within the coin looks like the Cosmos Logo for ATOM…
That magazine cover is from 1988, way before cosmos, and the ∅ stands for “Zero”
Coincidentally (?), Zcash uses “Zero Knowledge Proofs” in private transactions…
5 Likes
nice rabbit hole
3 Likes
So ZEC drops 10-20% and we have a bunch of people making new threads posting about it calling gloom and doom/exit scam/zcash dumps/whatever.
Then ZEC jumps 20% today
and all we get is…
Crickets? … not a single mention from all the gloom and doomers… ?
Here we go again, ups and downs. Just read through this thread, literally every perspective, positive and negative has already been expressed about Zcash price fluctuations and it will continue ad-nauseum until the end of time.
I’m agreeing with @jelly5649 more and more about the need to keep multiple price discussion threads focused into single thread like this one so it doesn’t constantly clog up the rest of the board.
5 Likes
Symptom of the Monerite infestation methinks.
To be fair, it is still too early to rejoice. A week ago the price was 31.
3 Likes
Our competitors are as follows:
Monero - similar supply cap - $150 a coin (6x market cap valuation)
Dash - similar supply cap - $30 a coin
Litecoin - 4x supply cap - $70 a coin
Mina (a Zcash derivative) - 3x our current non-FDV market cap
Polygon, Immutable X, Metis, and a few other privacy/ ZKP base chains or Ethereum L2s are also at least 2-3x greater than the Zcash market cap
What on Earth do you think we ought to be cheering about?
Zcash is on the brink of falling out of the Top 200 list.
Immediately Bearish - moments before the greatest markup of risk assets in recent history (?)
It’s not a good trait to gloat
I doubt Fluffy reads this forum. If it just so happens that he and I both remark about the same facts, it doesn’t mean we are in cahoots lol!
You are correct Monero doesn’t have a finite cap, I meant that moreso about today. But even that as similar is debatable I guess, Zcash supply is just under 14,700,000 coins and Monero is around 18,400,000 almost 25% more.
1 Like
I think the forum could be tweaked so users who mention Moanero in more than 1% of their posts get an automatic ‘Monerite’ badge on their account.
I dont give a flying (deleted) about their project, sick of constantly reading about it here.
1 Like
Well,
fluffy is not just “reading” the forum. He quoted you. Congrats!
Monero has a soft supply cap [1].
[1] A case for using soft total supply. | by John Tromp | Medium
1 Like
Lol that is comical of Fluffy. I wish he would’ve attributed my widely unknown Twitter handle to the least.
First they try to steal our zkp tech and now they’re even stealing our forum contents
Excellent way to prove my point.
I make a comment about only negative Zcash price news gets reinforced around here. You proceed to reply by moving the goalpost to justify continuing negativity, regardless of any good news, until “arbitrary moving metric is met”
Thereby, in all likelihood, when arbitrary metric is finally met the goalpost will move again to justify more negativity.
7 Likes
I care much less about the price today (I very much want to see it increase over time) than seeing @joshs focus on the economic fundamentals that would drive the price higher. We need less speculation and more focus on economic drivers of value. The things we can control. When the economic drivers show positive growth the ZEC price will follow (and vice versa).
-
Fees - Its not even a question about fees, we need them. What’s the plan? inflationary funded costs ultimately leads to a breach of the 21m cap. $0 fees are negative for the price and value destructive over time. Is it really hard to see that when your costs are around $9 per transaction and you charge $0, the price will suffer? If customers wont pay fees, it only means one thing. We are not creating what they want. This is a valuable tool to let customers help guide development.
-
Transaction Volumes - declining transaction volume trends, are negative for the price. Fortunately we have acknowledge we have a major problem here and are focused on fixing it. @joshs plan looks like the best way to improve transaction volumes by using ZEC as collateral (or gold 3.0) and staking of stablecoins & other assets and also to have a flawless customer experience. When we start to see higher real transaction volumes, that means people are using the products, which is positive for the price. Can you imagine a scenario where a person buys ZEC, then hold ZEC in their wallet while minting their own stablecoins in their own local currency to use for spending? Now the volatility is still t high to do it on a 1:1 basis and there are other supplemental solutions; but that would make ZEC a collateral token in much the same way as BTC was designed for central banks to use in replace of gold.
-
Governance - we need coin weighted voting. One org, one mission, one team. I think the various orgs are a net negative as we sit here today. Conolidating under one umbrella, removing consensus as way to make decisions, most likely is a positive for the price.
If we can fix these 3 basic things, the price will increase. Fees and governance are probably the easiest to fix. My point is why speculate on price when we can control the variables that will drive the price higher? Income has to be greater than costs. Its a simple formula.
I find it very ironic that this thread has by far the most posts; and the threads that are focused on the things the would drive the price higher have much fewer posts. And many people in the community when they do post are for things that have a negative impact on price. A viable fee structure, products focused on increasing transaction volumes, ZEC as collateral, and a well designed coin weighted governance system are what we need to drive the price higher. ZEC is gold 3.0 meant for holding excess earnings over long periods not spending in the short term on necessities. So if we fix, 1, 2,3 and buy and hold, the price is going to increase.
2 Likes
I can only Cry Wolf So Many times.
The Electric Coin Company
And
The Zcash Foundation
They’re liquidating more than $500,000 worth of ZEC per month, in spite of having other liquidity options available
In spite of ZEC being valued at All Time Low against Bitcoin, and nearly All Time Low against the Dollar.
This situation is at the point of insanity for us Zcash activists to continue to Believe in the project, when the Two Dominant Organizations are treating the ZEC native coin like it is rotten eggs.
Zcash will only become reputable after these organizations change their behavior. Constant dumping on ZEC holders is a terrible, malicious, unsustainable model.
Particularly when you consider that the Zcash Foundation is sitting on $3,000,000 of Bitcoin
And the Electric Coin Company is sitting on $7,500,000 worth of Agoric BLD tokens.
If the Two organizations for Zcash treat the native coin like Garbage, then how in the World could we ever expect anyone else to regard ZEC any differently?
6 Likes
@joshs already said that he will look into it to sell or stake some of the other assets to get some additional funds without selling more ZEC.
but @Dodger not only said that they will continue to hedge themself with swapping ZEC to BTC, but will also start to sell ZEC for ETH in the future, on top of selling ZEC for USD!
and as a longterm ZEC investor and believer, that is a real shocker to me! because i did not hedge my ZEC with BTC and ETH, but maybe i should consider doing so…
1 Like
why would they do this, makes no sense
1 Like
Zcash (ZEC) Price Prediction for 2024, 2025, and 2026
Given the current market dynamics and the unique positioning of Zcash as a privacy-focused cryptocurrency, let’s explore the potential price trajectory for the next few years.
Price Prediction for 2024
Throughout 2024, Zcash is likely to continue capitalizing on the growing demand for privacy in the digital asset space. As more individuals and institutions seek cryptocurrencies that offer robust privacy features, ZEC could experience a steady increase in both adoption and price. Assuming ongoing development and greater public awareness of privacy issues, ZEC might see its price rising to approximately $60 - $70 by the end of 2024.
Price Prediction for 2025
By 2025, if Zcash remains at the forefront of privacy technology and continues to innovate while possibly expanding its use cases, it could see substantial growth. Factors such as broader market trends, increasing institutional interest in privacy coins, and potential regulatory developments will play significant roles. With these elements in its favor, Zcash’s price could potentially soar to around $90 - $110.
Price Prediction for 2026
Looking further ahead to 2026, the trajectory of Zcash will heavily depend on its ability to maintain relevance in the rapidly evolving crypto space and adapt to any regulatory changes that might impact privacy coins. If Zcash can successfully navigate these challenges and continues to be a leading choice for private transactions, its price could reach new heights. An optimistic yet feasible price range for ZEC in 2026 could be $120 - $150, especially if privacy becomes a more pronounced concern among crypto users.
I consider this prediction to be overly conservative, particularly in light of the numerous technological innovations on the horizon by the team.
1 Like
I think you miss the fact ZEC halving will occur this year. Also, even discounting
ZEC price can reach $100 as long as Zcash network keeps running. Also, have you seen BTC charts? Since when crypto moves predictably with 20-30% increase each year? It will probably be something like 1000%, -50%, 450%
1 Like
Likely to be this (CBDCs).
Although I don’t think something bad/abuse of it necessarily needs to happen. The concept of CBDCs already have a bad reputation. The anticipation of death is worse than death itself, hopefully this should be enough to get the price moving.
My opinion is there’s a lack of Zcash education/marketing within the crypto community itself. It’s easy to adopt/love/buy/zodl Zcash once you know about it. Hopefully the videos by Zcash Media will trigger more awareness and bring the privacy narrative to the front and centre.
Most likely ZEC won’t reach prior price levels this cycle. In 2017 it reached $360 or so and in 2021 it was about $240. Last halving made no difference in the price, it decreased. Bitcoin and Litecoin halving increases are due to “marketing”, especially Litecoin. It is all psychological, but becoming less so with Bitcoin since supply is starting to become a concern. I am mostly referring to the halvings though the 2016 cycle.
If market makers can increase or decrease the price with “news” whilst taking advantage of it, it will. I think the peak this cycle for ZEC will be around $150 in 2025, but definitely under $200. Hopefully Zcash can avoid blockchain attacks and survive another cycle as it will probably go below $20 in 2026. I sold all of my holdings last cycle, unfortunately a little late, the last of it above $60. I don’t think I will buy any for this cycle as it is getting riskier. Ethereum will break $10k and actually should easily go over $12k and possibly touch $15k and is safer to invest in. Just being honest.
The above is incorrect. ZEC reached around $800 in the 2017-2018 cycle, and in the 2021 cycle it went to $380
2 Likes
Price forecasts are useless and unscientific.
We definitely can go sub 10 USD and die slowly or due to a set of unforeseen circumstances (privacy, usage increase… or unknown unknowns) skyrocket to 30K.
These cycle BS or technical analysis with triangles, lines and circles are nice for my 5 yo daughter. She suggests unicorns too.
Humans hope to harness stochasticity.
Disclaimer. I am a physicists working as data scientist with 15+ years of work and mistakes.
3 Likes
its not completely useless, many people work with those lines and rely on them only, completely ignoring fundamentals.
there are different styles and each one of them can be great if it fits the trader personality.
1 Like
Yes, they are astrologists
We’re all entitled to opinions, even us snarky physicists.
Market cycle psychology in crypto is a known phenomena that has yet to be proven wrong. This is largely because Bitcoin continues to lead the sector, and its 4 year halving cycles are designed to drive up the coin price. (which in turn attracts cycles of speculators).
Is every crypto coin in existence guaranteed to gain 2,000% in a few years? Certainly Not. Some will go down terminally (just as some/ many publicly traded companies fade off into oblivion: unable to keep up with the boom & bust cycles)
But is it a guarantee that the entire sector will probably double from here in a few years? Yes.
Boom & Bust market cycles are a guarantee because human nature remains generally constant over time (I’m talking about hundreds of years worth of human interaction with trading/ speculating markets).
Can anyone accurately speculate about the price of ZEC in the next month or two? Probably Not.
Can anyone speculate about the peak price during a wave of thoughtless FOMO buying in 2025? Probably Not.
But using cycle analysis, there is a means to identify where we’re at in a general sense.
(My opinion; we’re (all of crypto) in a mark-up phase, while ZEC remains stuck in accumulation)
And also, note Sex Drugs point. Chart analysis has turned into a self fulfilling prophecy of kinds. The more people who begin to believe in it, the more regularly that chart patterns will form and then manifest price moves based on collective action.
Bullish Crypto cycle theory (example)
1 Like
ZEC is the worst performing asset in all of crypto.
2 Likes
You’re not wrong.
Even so, it has still participated in both of the most recent bull market cycles. Which will lead most speculators to assume that it’ll do the same again in the upcoming (active) bull market cycle.
The questions are When/ Where, not if.
what ZEC needs are incentives, most of the other cryptos have companies behind them that show some sort of responsibility to the asset, but who does so in Zcash?
everything that was build was mainly used by other projects, no value that got returned to the ZEC investor.
i am not talking about creating a ponzi scheme, but creating some excitement, explaining stuff, is that too much to ask for?
for outsiders Zcash is boring, if one observes the main accounts on socials, like ECC the Foundation and previously Zooko, there is and was nothing that made others bullish on ZEC.
and another point that needs to be mentioned is that every strategy that was tried to market Zcash failed. the brand is completely damaged outside of the developer space, can it ever be rebuild? i think yes, but things have to change!
1 Like
you know that most cryptos are up a lot since the last 6-12 months?
Zcash has only gone down this time, and in previous bulls it has also underperformed compared to every other coin on the market…
“mot speculators” are not going for Zcash (anymore), i talked to a lot of people at crypto conventions over the last years and i don’t remember a single one that said he would buy ZEC again.
and now it’s even worse with all the regulatory uncertainty… and those that do not care about that have already gotten brainwashed by other crypto projects.
1 Like
Like I already said above, the question is When/ Where.
ZEC might only get back up to $100 during the peak of the next crypto bubble.
Or it might go up to $1,500 (nobody knows what will happen)
this is the “where”
The when
maybe ZEC stays stuck under $30 the entire year of 2024, before catching up with the pack.
Or maybe the Brave/ Zcash/ Filecoin collaboration goes live in Summer 2024 and the ZEC price triples in the months that follow.
Again nobody knows - this is a speculators game
1 Like
I do not see the Brave or Filecoin integration as such a bullish factor for ZEC.
if that is the most promising thing to look for in 2024 we won’t make it back anywhere near $100.
in previous cycles there was larger funds, investors and marketmakers that backed Zcash. but these days are long gone and so is the bullish sentiment that was once there for ZEC.
i won’t sell my coins that i bought over the years, that loss is already accepted! but i do not see new money coming into the ecosystem, because there is no incentive.
and everyone is carrying that pic in their mind that the orgs behind it are selling ZEC every month and even swap it for other coins like BTC and ETH. or they prefer to keep their other investments and continue to sell ZEC.
i sometimes feel like the Leaders of these Orgs do or did not think what kind of image this creates for ZEC investors, it’s the worst marketing campaign that they started themself. It’s just sad!
1 Like
Zcash’s volume on Binance in the last 24h was:
1.37M USDT
1.27 BTC and 2.95 ETH
and the orgs still sell ZEC, would this add up to anyone that is looking to invest in ZEC?
Zcash volume is ~ 40M USD
~75% of the total volume is wash trade.
real volume ~10M
Miners and orgs sell on average ~3K Zec/day → ~70k USD
100K do not move the market. 0.5 M yes.
There is a steady selling pressure coming from old investors/miners.
1 Like
i think that the real volume is less than 10M in USD and BTC
and out of that 10M volume, how much of that are real buyers and holders of ZEC?
if you take away the bots, the traders and the Miners and Orgs?
why is the price only moving downwards if the issuance is only around 70k a day?
Could it be because there are no new buyers? Or is it because the old holders are exiting their bags? something does not add up here
1 Like
As I said, the old holders/miners are selling and the 75% already includes bots
the market is dead, that’s the problem here. and i don’t see a way to convince new buyers to buy into this. ZERO
we need to accept that we failed to deliver to the investors (those that paid your salary) then we need to change and apologize to all the investors that have lost their savings because they believed in this project!
and only then we can start to create something new. there won’t be another hundreds of millions of new users in the next years, the main audience are those that are already invested into crypto. we need to convince them that this is not just a science project that goes down in value only.
2 Likes
Like I’ve been bantering about for months.
The ECC and ZF are currently designed to push down the price of ZEC - in spite of how much damage they’re causing to Zcash brand perception/ adoption/ ecosystem financial strength.
The two big orgs have designed themselves to damage ZEC - this is why I’m vocally calling for an end to the Block Rewards in November 2024.
Price speculation:
The halving + eliminating block rewards = ZEC outperforms its crypto peers in 2025
3 Likes
You don’t need to.
It’s not a Tupperware pyramid schema.
If the product is good people will use it and buy it.
1 Like
I will say this for the first time in 6 years, but after Zeboot it is obvious to me that ZEC will not show anything outstanding in the next bull rally. All the priorities outlined are directed again to a long build that needs development funds. Funds will perform exactly the same as before.
It seems, there are very few long term holders of ZEC among developers, and Zcash is mainly a means of paying for labor. Minor investors are on the sidelines of decision making and their voices will not be heard. ZEC will be a very valuable asset, but not in the next 5 years. Most likely the accumulators in the form of DCG will continue to drive ordinary people out of the project. It is especially frustrating and cynically that most of these ordinary people were in Zcash because of good beliefs and are fans of the idea of cryptocurrency. However, not everyone can live their beliefs for long without any benefit to their own lives. Alas.
11 Likes
Well said.
i was hopeful a major change would come out of ZeBoot. If there is one, it looks like possiblly the funding will go towards a common vision. otherwise, It’s very hard to tell if the priorities will change as it relates to focusing development on things that will give people a reason to hold ZEC. To me it sounds like ZEC is fiat is still the main belief because a Venmo like function, would be great for a single wallet with stablecoins and staking for yield. but it’s very far down the list of priorities. hopefully they will not waste more money on trying to educate customers because people already know what they want from a currency for day to day spending. it’s stability.
As you rightly point out the only people who have gotten any personal gain and continue to gain personally are the managers and developers. And ZEC holders pay (and have not got any monetary gain or objective voice in the project)
2 Likes
I feel the opposite. For our part, you’ll see less talk, more delivery. We’re moving with a sense of urgency.
6 Likes
Thanks Josh! I would gladly prefer to be wrong, and for Zcash to have incredible success directly in the near future.
2 Likes
Four years ago today, one ZEC was worth about $70
Today one ZEC is worth $21.00
Who would like to share their guesstimate about the value of one ZEC on Feb 5, 2028?!
Cheers to all that wrapped up the Zeboot effort, I see a lot of good methodology and outputs. The only discouraging part of the event, is that it appears nobody noticed the 800 pound gorilla in attendance.
Going after the TAM currently owned by PayPal, CashApp, Zelle, ApplePay, et al global equivalents is nothing shy of a Declared Moon Mission by the ECC.
2 Likes
That’s not the plan. You missed the context. I’ll try to post more later today or sometime this week.
5 Likes
how is it even possible this amount of holders?
comparing Zcash to a 27,000,000 users App(Brave)
(coincarp rich list)
1 Like
most/many Brave users down hold BAT
and not all Zcash addresses belong to different people, 1 person can have a lot of addys,
and some are old or lost wallets, etc
4 Likes
alts look good!!
1 Like
If ZSAs are delivered and move to PoS is complete: $1000+
If nothing is delivered and the community is still split on the purpose and direction of Zcash: $10
Rereading this thread from the very beginning is an indicator in itself
1 Like
The question isn’t (primarily) about the features, so much as it is about time and NGU. If all of the great L1 features don’t come to reality until 2026 (the current plan), we’ll risk being totally forgotten by then - arguably we’re already a forgotten project. Crypto moves at the speed of light and has the memory of a goldfish.
The market asks the question: Why should I buy and hold ZEC?
What features does PepeCoin have, that you suppose places it near the Top 40 with a 3 billion dollar valuation? Number Go Up technology and attention grabbing content.
Features are important, but they aren’t the means to the end (especially if they deliver at the wrong market cycle time). Many other factors go into the equation too.
We know that ZSAs and PoS will deliver, but what we don’t know is if they’ll deliver at the right time or if they’ll command enough attention to impact Zcash popularity!
Proof of Stake has been a 3 year research project, and isn’t likely to be completed for another 4-5 years. In my opinion, that long timeline puts a lot at risk.
PoS is a wonderful upgrade, but it is not a differentiator across the entire crypto sector. This is why the teams have to push out roadmap(s) with many additional themes beyond only PoS.
Price Speculation:
BTC bull market cycle high $195,000 about a year from now
ZEC bull market cycle high $450 also in about a year!
3 Likes
interesting perspective, 450 looks to much to me though considered the past… I would expect 200-300 range is realistic
1 Like
Okay so NGU tech doesn’t exist. It’s very hard for me to take anything you say in your post seriously when you say that PepeCoin is “near the top 40 with a 3 billion dollar valuation” because it has NGU tech.
My $450 guess is only based on BTC at around $200,000
(If BTC doesn’t go that high, it would also put the ZEC ceiling a lot lower)
Then how else could you explain it? People think Pepecoin is gonna pump to ATH again next month. When I say NGU technology, I’m using figurative language to say people are only buying today because they believe the value is going to go higher next week, month, year
1 Like
Comparing zec to memecoins is apples and oranges their NGU tech has different requirements
meme coins are like buy a scratch ticket. They’re cheap, disposable, soon to be worth zero, and they might make you rich - fast
L1s require promises/hype, of adoption, tech breakthrough, partnerships, tx per sec etc etc. And also scarcity (perceived or real it doesnt matter)…
My price prediction through a bullish lense…
Recently we’ve seen an upwards break from a long term downtrend, timing nicely with the end of a brutal bear market and halving for both BTC and ZEC
$35 remains to be to most significant resistance, with price failing at that point YET AGAIN. I think there is enough of a positive short term outlook of news in ZEC and broader crypto to propel above this level. With the next major range being between $35 - $51 with some head winds at mid range, as previously was a support/resist flip at $43
The next key levels to me are $75 and $100 showing prior support and resistance.
Long term/cycle top $300 is the last line of defence for bears, so is a crucial price. Which it has failed twice on the monthly chart from the previous bull market. Seems like a logical top, however if people can get excited about zcash and the progress it makes in the next 12 months, then price can really explode from there, have a period of euphoria/bubble then be a base of support or new minimum price going forward
ZEC vs BTC is another story all together
5 Likes
Technical analysis voodoo: crack coaine edition (The Tom Demark Sequential 9 (TDS 9)) is a leading indicator which identifies a turning point in a price trend for a security. It does this by running count of price bars to gauge trend exhaustion.
It is a counter-trend tool that aims to solve the problem of several TA indicators that are profitable during trending markets but perform very poorly in ranging markets. TDS 9 can be used in any timeframe and in any market conditions.
zec/btc has had 9 yearly candles. This is the last year of going down only!
7 Likes
All time low against BTC is 0.000388. That held against a retest. (Way) Too early to say if it will hold for all time. This could be the big turning point we’ve been waiting for. IMO we should try to defend that number with everything we have. If it holds, everything changes for the better. Devfund orgs should put everything they have into defending that low.
4 Likes
A great show of commitment to zcash would be a buy back of ZEC at these lows
3 Likes
#Defend388 if this all time low isn’t defended… well … let’s not find out.
I have strong conviction that depreciating transparent transactions would have a far greater positive impact (in the long run) on ZEC prices than a ZEC “buyback” of any size. Ask yourself why are BTC and ETH on the balance sheet if Zfnd and ECC believe in the relative valuation and future of ZEC.
My opinion remains the same even if the transparent tx depreciation were combined with donating the entire dev fund to a privacy focused non profit, sunsetting the dev reward, shuttering the Zfnd and ECC and relinquishing the Zcash trademark). In that scenario I believe developer quality and quantity would improve as volunteers would emerge help Zcash without being limited by restrictions currently being imposed by the trademark holders.
Years have passed and Zfnd and ECC remain the greatest enemies to Zcash development, adoption and price appreciation.
1 Like
I bought a bit more with cash at around 23$. Now we might go below 20$ again. I am speechless. I’d like to cry thinking that my entry point was 1+ year ago at 44$.
DCA so far has not being a great success.
1 Like
The consensus mechanism needs to be fixed so that issuance is decentralized.
1 Like
Step 1: halt all development with immediate effect.
Step 2: ask @adjychris to put together the greatest marketing/pr campaign ever (no strings attached). Think Kony 2012. And go all in with every penny we have.
Step 3: simultaneously ask Zooko to get in touch with all his connections (Snowden, Vitalik, CZ, Satoshi, etc) and ask them to tweet about Zcash only for one day.
Step 4: ZEC goes parabolic.
Step 5: now ECC, ZF, ZCG can resume development and fund whatever they need with ease and take as long as they want. No pressure.
Step 7: now QEDIT & SL can join us and get a slice of the dev fund. With immeeeeeeiate effect.
Everyone’s happy.
4 Likes
as long as entities like the zcash foundation prefer to hold BTC and ETH above ZEC there won’t be a pump in price.
if WE don’t believe in holding ZEC, why should new investors do so?
5 Likes
Everyone banging on about the two orgs not holding ZEC. To be frank I don’t see that as an issue, what I see as an issue is the fact that this community is small. Extremely small. I follow Zcash religiously 24/7. Trust me when I tell you we’d struggle to line up 100 active members (excluding devs and dev fund recipients).
THIS NUMBER IS THE ABSOLUTE ROOT CAUSE OF OUR ISSUE. DEMAND FOR ZEC “BY OTHERS” NEEDS TO GO PARABOLIC.
3 Likes
Price plays a crucial role in building communities, that’s a fact.The Zcash community is dropping in size same as the price. Like many others here, i have been with ZEC from day 1. But bad decisions were made by leaders and now we are in this not so easy situation.
Comparing the Devs and Talent in Zcash with other crypto projects and then looking at the price and sentiment that are both at an ATL is shocking. How will we fix that? We need to get the price moving up if we want to get this thing growing, otherwise we will end up without a community and only engineers and scientists that sell the ZEC that they get from the protocol for USD.
also one thing to note, ECC is not looking to sell ZEC for other Investments anymore, the only remaining issue here is the foundation.
4 Likes
Demand will not increase if the orgs that govern do not hold the asset.
No one invests in a business where the founders themselves have no conviction.
New entrants are liquidity for miners and governance orgs.
Just buy Zcash later on when it gets, if ever, derisked.
4 Likes
i wouldn’t buy more ZEC myself and would never ever recommend anyone to buy ZEC with how things are going currently. i did that before, and everyone that followed my advice is hating me for that now! they could have bought any other coin and would be in profit now if they would not have listened to me! i learned from this mistake, and won’t do that again.
once all the dev fund orgs carry on the same vision with “all in ZEC” i will start to think about these decisions again.
we should also keep that in mind when we are voting for the dev fund this year and i expect that the foundation will receive a smaller amount of ZEC than in the last years due to their decisions.
we, the community, the holders and investors in ZEC are funding the foundation! i am certain that all the holders of ZEC would agree with me that we don’t want them to invest the ZEC that they receive into BTC and ETH.
BUT DO THEY CARE? NO
2 Likes
if Zcash Foundation and Electric Coin Company aren’t faithful to hold ZEC over other cryptos then this whole ecosystem looks like a joke cause Zcash has been falling like a rock far out of the Top 200 now (btw i did see that Electric Coin is planning to sell down Starkware… cheers to that)
we need Zcash diehards from the top down who are ready to go to extreme lengths like Elon Musk did for Tesla
part of being a Zcash diehard is about buying & Zodling
believing in the mission at all costs
How Jack and Josh sleep a few nights on the floor??? jk jk
I personally couldn’t care less what they do. I see them as a business that are out to achieve their objectives. They need to be strategic about it, and sometimes it means sacrificing tomorrow for today to ensure next weeks survival.
But I’ll meet you guys half way, I wouldn’t mind if they got their share and sold it for USD. But holding BTC or ETH or any other crypto just seems like a punch below the belt.
They have to hedge their costs (agree USD is the low risk hedge). The USD (or any) hedge is needed because zec won’t work as a fiat like currency. My point has always been the need to hedge costs would hoppefuly wake them up to the fact the best way for a person to hedge who doesn’t already own zec and who wants to buy goods and services for day to day spending is to just never own zec. why would anyone take the risk to convert into zec, then take on the risk to buy coffee and zec goes down and they don’t have enough money, then even if they do, the vendor sells zec to convert back into fiat to buy inventory etc… It’s too risky. it’s it’s a sell zec vision. Zec is designed for holding as a primary use case.
The problem as I see it is the ECC/ZCG have a zec is fiat vision. It’s not connecting with customers and I
don’t think it ever will. Good technology; just in the wrong hands as long as they continue down this development path that just never results in gaining any traction. Once the vision changes, we have a chance. The first sign things are changing is deprecation of zcashd and qedit getting funded for stablecoins and an ethereum like gas system. once this is done, there is a foundation for a more inclusive and viable ecosystem. The price should start to factor in growth and value.
3 Likes
I wish we all also hedged our costs in BTC.
I see ZEC as a hedge against fiat. If ZEC is not used as a medium of exchange to buy goods and services sometime in the distant future, then we might as well pack up and call it night (that goes for all crypto as well). We’re in the game of money, we should strive to be money FIRST, then we can add all the colourful and sugary stuff on top after.
ZEC has the potential to be the greatest form of money in history, second only to gold and silver. Nothing will beat gold and silver if anyone’s wondering. Gold and silver is money prescribed and ordained by god and has weight in the literal sense. ZEC can be a solid second, she only has to jump 218 spots on CoinGecko 
1 Like
in my opinion that’s the vision that makes it go down. zec is an asset. if you want it to be a fiat, a 21m cap won’t work. it’s not flexible enough to account for population growth, technological advances, and many others. so i think it’s a matter of time before these guys change the 21m cap if they intend for it to be money. and even then which country are they going to take over to force them use it? it only kinda works like you say if people don’t have a local fiat alternative. and even then i don’t think it really works at scale. el salvador is a test case, interesting to see how it plays out. wish you were right, it would be much simpler for all.
2 Likes
i am committed to seeing the zcash dev fund abandoned. when i ran for MGRC round 1, i used the platform to argue that it should never have been renewed. now that we are here, i strongly encourage the community to do everything to see no block reward go to any committee that relies on any social power.
maintaining a dev fund maintains a toxic culture that zcash needs desperately to move on from. everyone associated with the foundation and ECC should gracefully bow out of the community or develop for zcash independently to their hearts content.
lets move on and learn to love an open playing field zcash rather than maintaining a hierarchy of interests we continually have to to address.
7 Likes
i’m coming around to this conclusion as well. At first it sounded like a good idea to seed development.
but now these orgs are starting to want to control the community and act in their own self interests. don’t all governments claim they are doing what’s best for their constituents? and their idea of decentralization is more orgs that effectively centralize development with the respective org acting as gatekeeper to determine what’s best for us with our money. it’s dangerous.
they become their own fiefdoms, case in point the 20m ecc war chest that could be used to help fund development for other orgs in the time of need. And the dev fund is becoming a real tax permanent tax that i don’t think they intend to remove. We need a gas system that rewards developers directly. the developers set their own fees and collect the rewards directly without intermediaries. we need to remove the tax and spend goverment like structure.
8 Likes
The orgs should be holding and collecting as much zec as they can so they are self sufficient when POS kicks in
4 Likes
That is probably a better question for them to answer.
The million dollar question Josh, Jack and the community at large should be asking is:
Is the dev tax cypherpunk?
If yes, how can we structure it, brand it and manage it in a way that makes it obvious and less scammy like.
If no, how can we make it cypherpunk like.
2 Likes
@hanh needs to fork it.
2 Likes
Now that’s cypherpunk lol.
There are many forks out there. I am curious about what you think a new fork should have to be worth making.
2 Likes
pure pos fork with no trusted setup 
1 Like
i think POS for zcash died when zooko wilcox and nathan wilcox left the project.
and, if that doesnt break your heart, i dont think current plans to have ZSAs or deprecating Zcashd are making it into the halving, but are being held back to see if the Dev Fund gets renewed.
Meaning, nothing will change in zcash.
Why do you believe that? We’re working on PoS.
This is straight-up fiction. Btw, have you read my position on the dev fund?
1 Like
I dont know anyone other than by their online or public personas, Josh. I have read your proposal. i simply want the dev fund abandoned. I know i am best a quiet investor but someone else already goes by that name (despite his active involvement hehe)
anyway, If i have accused your organization of a falsity, the proof is in the pudding. I look forward to changes before the halving, but really doubt it will happen. to say more, as first day zcash noticer, pre ethereum blockhead, i remain naivelyimmature/too untechnical or simply philosophically opposed to non-voluntarist funding mechanisms that were incidentally concentrated my academic interest in zcash governance. but, as i anticipated through heuristics/political science magic tricks, i was able to deduce early that this entirely is failed model. VB now says zcash should consider his favorite style of pyramid building with retroactive grants. this is a middle ground that still attributes the “work for your bags” mentality, rather than take from the community coffers and we’ll see ya next time that is the mode of operation for zcash teams.
what i learned mostly over the years was watching the poltiical preferences of the fundees stick and incorporate their beliefs into the very cadence of production of products. this disaudes new entrants. people might cry about lazy overcompensated devs or whatever, but the greater error here is the common areas become the stomping grounds of people who think they own the project, (just because they built it).
i think that a fork or the end of the project inevitable. if interest in privacy picks up, maybe we’ll get a real one, not a little copy paste project. we’ll see if someone hermit crab developers take up the old ZEC shell , acquiring coins because they dont have to answer to the power structure anymore, and build, (IP issues aside,sigh) while old-zeccers move on with their neoliberal exchange-listing-and-funding-first project.
i dont have any much more to say. and dont accuse anyone of malfeasance or whatver.
3 Likes
The dev fund largely deals with “how the money is spent”. Its the “source of funding” that is the problem. An allocation of block rewards isn’t directly connected with success as measured in blockchain usage. It is based on largely selling hopes and dreams as its currently done. So if you get the price to go up, you get more money. But the money is spent on things that are not resulting in blockchain use. The orgs are appear to be funding political ambitions as opposed to economic. We need funding connected to transactions and blockchain use. Similar to how Ethereum charges, when a user transacts or interacts with the blockchain, they pay gas. There is a direct connection between users and blockchain interactions and funding directly to the ecosystem partners responsible for the respective interaction. As another example, if we thought of every L2 on the Ethereum blockchain as an “org” they also have a lot of orgs. But they are a market based structure. Every L2 on ethereurm isnt forced to beg for money from a centralized org. And by creating a market based system, Etheruem doesnt have to maintain everything in the L2 ecosystem, the L2 ecosystem partners maintain themseleves based on the usage which creates a gas fee to the ecosystem. The Zcash model is crushing, and not supportable (I or we cant be the first people to have mentioned this to you). So the structure itself is the problem, this is why you have so many people trying to create orgs based on politics and not real world use cases. In contrast, Ethereum is focused on real world use cases, funding is raised from third parties, and developers build on the Etheruem blockchain to get gas with no middlemen.
1 Like
By the way, I respect and agree with the spirit and much of what you have to say here, which is in part why I agreed to come back to ECC. Another perspective is that much of what you say is also true of Bitcoin, which I maintain has been compromised and mired in agendas antithetical to its intended purpose.
I’m not a defeatist, and I deeply believe in this project, but I agree that we need substantive change. Thank you for speaking up with conviction.
12 Likes
We all hope to get rich with Zcash, especially since it is a cryptocurrency with a lot of potential. I understand the frustration of years passing and the value of zcash remaining low.
I believe that Zcash was ahead of its time, because most people are not concerned about privacy, people see cryptocurrencies as an equity, stock, people don’t use it to buy goods, just to speculate, make a profit and then convert to fiat currency.
I believe that there are indeed many things that Zcash and partner companies (ECC, the community and the like) need to improve, I also believe that everyone is striving to improve and evolve, but we, on the other end, as investors and enthusiasts, speculators or Whatever it is, we don’t notice the efforts and we are even more frustrated to see a currency as complex as Zcash not being able to increase its market value.
1 Like
I understand the frustration, certainly many are in similar or even worse situations, with a huge volume of devalued currencies, avoiding selling to avoid losses, keeping the currencies with the hope of appreciation, an appreciation that seems like it will never happen, I know that many They think that if they had bought another currency they would be in a more comfortable situation.
I believe in Zcash, one day we will look back and laugh at this moment of difficulty, we will be able to achieve our goals, while many will give up before the time of victory.
i still buy ZEC. BTC is not what bitcoin used to be. AT ALL. I really only appear as a detractor because my criticism applies to the governance mechanism, which i thought would have been abandoned last time around. i dont know if i would have anything to say ever if there were no formal governance.
i watched the ethereum zk thing they held in greece. from what they talk about i feel like zcash is still a decade ahead. the heavy lifting core people in zcash have done is fantastic. the marketcap of zec of $3-500M has remained steady with new issuance being sold down during the hype eras. (we could be in bitcoin’s 2015 era going into 3rd halving)
im optimistic. just dont want to see any shenanigans!
4 Likes
Feels like we’re at the bottom. Zcash is early to the game and the benefit of privacy is that once you see it, you can’t unsee it.
Vitalik mentioning the exact suggestion @joshs made over 20days ago means one of three things:
- Vitalik and Josh are homies and have late night chats
- Vitalik is an active reader of Zcash forums
- Pure coincidence
All options are bullish, but I think #2 is most likely.
It is just a matter of time. People with their wealth in crypto know the holy grail is privacy. Private SoV is the primary use case. Private transactions come after.
4 Likes
Could Zcash be the Japan of the 2024-2025 crypto bull market?
You’ll have to listen to this podcast and decide for yourself
My suggestion, it seems that Zcash has put itself into a cross-holdings situation similar to that of Japanese companies in the past few decades
2 Likes
We’re being mugged. This project is starting to feel like a dry lunch for ZEC holders. Moving forward we need to:
STOP FUNDING EVERYTHING. THE ONLY EXCEPTION SHOULD BE DEVELOPMENT
It’s called a DEV FUND. ‘DEV’ for DEVELOPMENT. ‘FUND’ for ‘FUND’.
Funding anything other than DEVELOPMENT equates to FALSE ADVERTISING/DECEPTIVE LABELLING. How naive are we, the proof is in the pudding, we’ve probably spent in the region of 100 MILLION DOLLARS and ZEC is at an all time low. Development aside, you would have been better off distributing the rest among the community. Thats cypherpunk like/Satoshi like.
If this doesn’t change by the next dev fund proposal I swear I’m out.
3 Likes
Will Bitcoin stabilize and give way to other cryptocurrencies?
@joshs brought up a really interesting concept regarding the dev fund a few weeks ago. I believe it got lost in the rest of the thread and most didn’t pick up on it. But boyyyy it’ll certainly get the needle moving and eliminate all complacency
5 Likes
seeing some buying.
yes btc got hijack
zcash community have to prevent zcash from being hijack
price will rise when people use it as medium of exchange z-2-z only
zcash need to be a z-2-z only coin
Hello. I lost 6 milions dollars in crypto, but made some return worh long leverage Zex from 20 till 33… And I’m hier 3 months reading this forum, today have login first time… my word is Zec is yhe most behind all coins, in trading everything go up when is down… I think we can get x3 mininum candle whem it gets but nobody know when… I bought spot now on 23 big amount, I work with reach people investors all have over 1000 zec, in my country… maybe it can go till 14… but will come up it is not possible 8 years down… Gresthings… onlu worst is it looks like price is locked? Someone is trading with big bots… all is fixed…
1 Like
This post means that bottom is in. - TheRise
1 Like
Positive thinking, I believe this time it will exceed 30 dollars.
1 Like
Zcash i looking very strong right now headed for another tilt at the dreaded $35
3 Likes
Have we entered altcoin season?
Personally i don’t think so, we’ve only had a few mini rallys from memes
I think we might see a few alts close the gap on BTC but I’m expecting BTC to rip into new highs before we get a major inflow of new capital into the market causing an alt season
1 Like
ATL in $ 
don’t worry zcash became a stable coin
Funny how you see the same market dynamics play out over and over again. A high vol capitulation event pushed ZEC to all time lows, follow by a strong rally…
Anyways for now ZEC is back in the 24-34 range, which is a good sign
2 Likes
