Maybe this is the developers plan for zec. Upgrade their system first, after it becomes more stable then they will open up to new trading platforms. Remember that there are alot of risk to cryptocurrency so safeguaring them is probably for the best (new features are good too).But i think that they should try to open to the other market as soon as they can since there are a lot of big competitions out there that can eat them up. Once they go down its hard to bounce back.
What fuels up crypto market from its begining to the point where we are now is just a pure speculation, and I mean speculation in its worst possible form. What worries me a bit and surprises at the same time is the fact that we still don’t see an upward movement bearing Overwinter in mind. I calm myself down with a thought there is still enough time for a dump and the dump is still not deep enough.
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Like to hear @kek opinion to all this and to calm us down😀
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…thinking we’ll look a lot better by the end of the month. haven’t seen anything to make me feel the need to adjust price targets downwards.
zcash tried/fought… problem is bitcoin just kept tanking. we’ve honestly had really bad luck with announcement timing. hang tight, we’re going to bust through, and leg-up …only a matter of time
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Always helps😎 20char
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Is it me or is the scale for BTC and ZEC at bit misleading on these charts?
When you look at zec/btc it is a totaly different situation. We had some gains in comparison to BTC. But we have lost all of it by now.
charts i posted are zoomed in on month/week.
side note - if BTC was able to defend (roughly) $8,300-8,500; thinking zcash would’ve been +$500.
timing was off, imo, probably would’ve hit +$500 if the announcement was made a week before consensus 2018.
we also had people that were mad about the ASIC debate, and dumped breddy hard on our rally. they did blow their load, and won’t be able to do that again. imo.
Guys pls enlighten me about asic. Based on my basic knowledge about asic, it is much more powerful than gpu. So with asic, a person can haul in much greater than a gpu user. With that in mind, if a person is able to invest on asic and mine at a very fast rate can it pull the price down?
imo, price would rise with ASICs.
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High supply = low demand (low price)
So adding asic in the equation would decrease price right?
Supply is constant 12.5 zcash/2.5minutes.
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Jeps. The more hashpower, profits go down. There Will be no more coins when Asics hit, since the coin rate is fixed .
Nope, as seen with other coins, we should see a price drop associated with ASIC adoption. The main part is fewer individual people getting the mining earnings.
Mining earnings distributed across more people leads to higher volume which coincides with higher price (basically higher adoption).
When those people leave ZEC to mine something else, most of them will not convert back to ZEC but instead hold and deal in the currency they are mining (thus further promoting their mined coin). This results in a decrease in adoption which drops the price.
If we see gains in ZEC, it will not be because of ASIC, but for other news having a greater positive impact than the negative of ASIC.
Also, we are seeing down prices because those who were waiting for the June jump MUST sell to cover expenses (in addition to the miners still dumping because of ASIC). Last year the spike was on June 19th and the run-up to it started somewhere around May 25th. In short, it’s not happening but the need to sell and cover expenses is still there. I still think a spike is likely sometime between now and mid-July, but we are definitely late to the party at this point. Though I think we are in for more of the same for the next week or two.
When ASIC adoption increases, it’s the other currencies competing for hash-power that benefit the most. I would expect to see Ravencoin of BTG make a nice run in the near future.
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disagree with you. people will need to buy specific ASICs to mine. they’re not overpaying for equipment. we won’t have GPU farms switching to the “hot coin of the day”. we’ll have less people dumping on the market. traders will take command of the markets. i’m willing to wager on this.
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I would think most non-hobby miners sell their mined coins according to a business plan. Ie 30% mined in a given period is sold at the end of a period. 30% sold after N*period. 40% held for longer term or sold when needed.
Without traders you can’t sell your coins. How come you want a pump so badly if you are such a purist? When there is a few percentage price move you go nuts in here.
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who do you believe provides liquidity? without traders/investors/speculators a token would never have a chance of becoming money; wouldn’t mature into anything more than a collectible. traders are most important.
take a poll, ask “would zcash community prefer to attract more miners, or traders?”
official totally non-biased visual of the importance hierarchy of an alt network ; )
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- snip *
In a shitty mood today…posts deleted…disregard previous transmissions…
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That is true but with constraints.
Generally it’s…
- Sell % in short term so long as price is greater than X. (min-acceptable revenue)
- Sell % if price greater than Y (short term target price, this is where they make money)
- Sell % if price greater than Z (long term target price, long term reserve)
Bills have to be paid but any non-hobby mining operation knows that a certain level of capital is required to keep on hand to make sure low points are weathered if price drops below min-acceptable revenue level (#1).
However, these operations are dependent upon #2 happening in a timely manner, so when you have significant down periods (like the last 5 months) then the upswing at the half-year is far more important. Though that also means many of these companies are sitting on reserves that are ready to sell as soon as target prices are met. Unfortunately this is a larger suppressing force on the market the longer it goes without reaching that happy price area.
At some point these companies need to dump the #2 reserves because that’s where they actually make money (not just scraping by). The longer they wait, the more urgent that need to cash out will get and the lower the acceptable price will be. Again, this is another suppressing force on market price the longer it goes.