-
interesting question that I haven’t put much thought into, but now i’m curious, and going to look into that to try-and-make an estimation. (have a feeling that will happen a little after ZEC is officially added to alpha bay)
-
no special information - from a trader’s perspective; all the fundamentals are there, and the chart is beautiful! $300, like $100 is one of those odd psychological numbers we’ll prolly build support around. imo, we’ll hit $316ish, have one more nasty shake-out back into the $290 range, but we’ll recover that will be the end of sub $300 ZEC.
Nice !!!
I am holding my fortune of 85.34 ZEC hehe
Maybe you could share some of that fortune my way?
now that we’re trading @ roughly $300; i’m not going to panic sell! this is what ZEC is actually worth, imo! also, good morning!
I know lool. Wait, you dont think I should sell?
\o/ depends if you wanna take the trip to $500 or not!!! but i do believe we’ll build support around $300…
quick-n-dirty analysis:
hard resistance was roughly $300, new hard resistance is around $326.
so, the ride to $330ish is pretty-much free money, imo!
Meh, my funds arent even in kraken yet so oh well LOL.
I think there would be a lot of very happy miners/forum members if this was to happen! Fingers crossed…
Believe it or not… But I expect Zcash to hit $3,000 + before August 1st when Bitcoin forces the hardfork. I have let you all know when it was going to hit $200, and when it would hit $300, which it has, for a high of $326.00 just a couple of days ago. It should hit the $500 mark by July 1st, that will be the indicator of it blowing through the roof when Bitcoiners start dumping their holding and buying into Zcash and Eth! There are going to be some HUGE Bitcoin losers when the top 1-2% dump their Bitcoin! That will cause the Bitcoin price to nose dive to nothing! If you’re currently holding Bitcoin, you had better get out of it before you lose it all! The bottle-neck that will be created by Bitcoin sell-off will make your Bitcoin worthless! See this video for an explanation of how people holding Bitcoin are going to get the shaft!
Can YOU Get OUT of Bitcoin? 98% of BTC Holders Will Lose It ALL.
can we get the jpeg src?
agree with the $500 part… wouldn’t fall out of my seat in amazement if we did hit a few $1000… when our boom cycle begins crazy stuff will happen (we’ve only had bust/accumulation cycles)… imo, BTC will be okay; won’t go to zero : D but i do enjoy reading bullish ZEC predictions, and wouldn’t mind if you were correct!
The coins that have not yet been mined should be considered in the market cap in the same way as a company’s non-circulating shares. Zcash will have 10.8 million more coins available in 5 years compared to the current 1.5 million. This is like shares that employees don’t have the option to sell before a specified date. This means Zcash’s current market cap (when considering only the next 5 years) is already $3 B, 2x more than Google paid for Youtube in 2006. Bitcoin market cap by this same measure is $55 B. So Zcash is currently valued at 5.5% of bitcoin. I think this is a fair valuation.
A month ago, Siacoin people made the post below about this problem to warn cryptocurrency “investulators”. They show how Zcash is the poster child of the “coins not yet produced” problem. It makes people overestimate coin value by underestimating the current market cap by underestimating the number of shares by not including the shares that will soon be out there. This is why Zcash feels like such a dog in price despite having such a good pedigree. Many are not ignorant about the underestimated market cap effect because the “apparent” market cap of 1% of BTC is obviously too low.
The real market cap of Zcash is currently $3 B. Congrats to Zooko and company for creating a multi-billion dollar “company”. On this measure, it is tied for 4th place behind BTC, ETH, and XRP.
No. - You cannot include in your Market Cap " estimate " what has not yet been produced, issued or " mined ".
And this applies to Currencies, CryptoCurrencies, Commodities, Stocks… all kind of Securities.
I understand the point you are trying to make, but it is wrong. The example you made ( of shares that can only be sell in 5 - 10 - 1 000 000 years - whatever - is wrong… because… the shares were issued !!
The title of property ( share ) has been issued… someone owns it… regardless of the fact that it can or cannot be sold on the spot.
Now tell me, who owns what hasn’t been produced ?
Will you include all Oil reserves in your calculation of Oil prices ? All of Earth’s potential Gold Reserves for your calculation of Gold Price ?
No… Hell not…
Becausw if it wasn’t issued, produced or mined … than it shouldn’t be in your ACTUAL calculation of a market cap…
You’re proving my point. If it was known that no more gold was going to come out of the ground, it would be worth a lot more. Same with oil. We know Zcash has a lot more coming “out of the ground” and we know bitcoin does not.
Coins scheduled to be printed are exactly like outstanding shares that are used to calculate market capitalization, PE ratio, and EPS. Few financial metrics look only at the float the way cryptocoins currently are.
It should be obvious there is no fundamental difference in unsellable paper shares already printed and coins not yet mined. The point is that we know they will be placed on the market, diluting the value of existing shares that are in the float (can legally be on the market today). 730% dilution is coming to Zcash in 5 years. Interest has to increase 7.3x by then in order to keep current value.
If the Zcash “insiders” with shares maturing every day were to sell at an average price of $100, they have $400 million in the bag. The Zerocoin Electric Coin Company (ZECC) is currently able to sell out of its shares at a rate of over $1B going directly to the founders. As a business, Zcash is already as successful as Youtube was, despite the populace having no idea about it. But this is a completely wrong characterization because it’s only looking at the float and not the outstanding shares. They should expect less in the future unless interest keeps increasing just to maintain current valuation.
Lol so when ZEC was 3000 Bitcoins the market cap was … $9234 B congratz.!!!, people are not stupid u’ll never get cheap coins the real value of ZEC should be at least 1BTC
ZCash ( ZEC ) will EXPLODE in July-August of this year.
1 ZEC = $298-300 US ( Now )
1 ZEC = $400-500 US ( July )
1 ZEC = $600-800 US ( August )
You’ll see !!
ALL-IN on ZCash ( ZEC )
ZCash will be this Summer BIG WINNER !!
when this happens, i hope the ZEC community is classy about-it… don’t be like some of the ETH people, and gloat about it on r / bitcoin, etc. really leaves a sour taste in peoples mouths, and we want to attract bitcoiners, not make them hate us!