just when you wished the bloodletting would stop, they cut another artery
wonder if there will be support at the pre-Gemini-announcement price of around 0.02950/BTC?
I had it with Ztrash… now here comes the capitulation bounce!
who the hell i selling at this prices
…miners most likely
There is a big possibility that zcash will go below 180 but im still hoping for it to stop dropping and rise soon. We have already experienced it before.
I highly doubt that…
It’s probably traders doing it. They tried to take the price higher and failed so they sell to buy it back cheaper then try to run it up again.
not sure for others, bought i bought some ZEC 12 hours ago and do not regret it …
:::stretches yawns::: what a nice vacation!
::::checks exchange rate:::
mother of god …wat have y’all done lol
I bought some at the bottom this morning. So far no regrets.
I guess its good to see the price go up a bit
Ugh…ZEC dropped from 21st to 23rd on cap list. Curious if the Gemini announcement actually made any lasting impact or just temporary (would we have been at this point already anyway).
For the institutional investment thing…I don’t know that ZEC is attractive for that anyway. Privacy isn’t something that really holds any value for institutional investors. Most of them are so concerned with keeping everything above-board that even if they didn’t use the shielded addresses, I think they would still be afraid of holding any coin considered “privacy”.
I am explicitly talking about institutional investment…like pensions and similar group funds.
“For the institutional investment thing…I don’t know that ZEC is attractive for that anyway”
largest complaint they have is bitcoin fungibility. institutional money takes privacy a lot more seriously than most crypto people. these institutions don’t want their competitors to know what they’re doing.
let them accumulate for a minute.
thought this was kinda interesting. assuming it’s somewhat accurate; zcash is fairly expensive to attack
https://www.crypto51.app
“PoW 51% attack cost”
I think the more relevant number is the “NiceHash-able” figure which thankfully for ZEC is relatively low. Even so the $ figures presented here are in my opinion scarily low for a lot of coins.
What is the significance of “nicehashability”?
That’s a good point.
Though I’m still not sure it helps ZEC. Yes, fungibility is a big deal for institutions, but the inability to account for invested assets (concealed) is on the opposite end that I was referring to. While I think that privacy transactions is importation, I see the shielded addresses in ZEC aren’t that because it makes regulators uneasy about hidden assets.
Just my thoughts on it.

What is the significance of “nicehashability”?
It means what is available to rent currently on NiceHash. Obviously if you have to buy 1 bajillion GPUs or ASICS to launch an attack it’s much harder (logistically and costlier) than paying $50,000 to NiceHash to rent the 51% hashpower for an hour.
Aha…now I get it!!