I’m thinking the prices are going to rebound in the next few days. I’m thinking the price manipulation thing will cause a surge in price in the next day or so.
In a conspiracy theory sort of way with the dump from the Chinese wallet and the CFTC going after the exchanges and CME for price fixing, I think it would make a prime scenario to for a huge profit.
But what do I know, I’m just a guy who wishes he had the money to invest heavily right now.
at least last drop to 6k was giving some strong buy signals . now I don’t see any .
this can break previous lows .
any way price can do anything . but doesn’t look good to me . if I was out of the market . i would get very few at 6k and wait for further buy signals below to get remaining of position .
this can get really ugly
My thought is that later on today CME is going to halt futures trading of BTC pending the outcome of the CFTC investigation.
This will cause a little jump in the price, but we won’t know until we hear more this afternoon. For now BTC is going to most likely stay at it’s current price. My advice with ZEC being at $200 is to buy buy buy!!!
nasty dumps on sundays with no news is pure manipulation. nobody would sell large amounts of BTC on sunday when they could sell during the week when western markets are more active (liquid). somebody (china?) wants cheap BTC!
The US passed some onerous legislation recently that criminalizes anything to do with sex work. This is why BP is gone. The right wing nutters are really doing a number on everyone…sex workers are using cryptos for payment and I say good for them.
Privacy cryptos are good for all. It keeps prying eyes and greedy government operators out of private affairs.
2 most important fundamental indicators for an alt network is TX/hashrate.
zcash TX’s are almost back where we were during jan’s spike!! hashrate continues to climb at a blistering pace… great news, imo
this could change, but without news thinking $230-250 range. really a shame we couldn’t defend $200… we’ll probably have to fight over $200 again, then break resistance around the $230-250 area; could take a couple weeks. will take a lot less time if we continue to defend current range in the $185-200 zone.
one thing that could really help ZEC exchange rates is v2.0.0 Milestones - zcash/zcash · GitHub due on/around july 2nd. this is a big deal for zcash, and a “pumpable” event. might make us stick out from the crowd… if played right
do you think it can be ‘hyped’ while almost 0 promotion made so far? can a tech upgrade really pump while normal user can’t really understand what it does exactly. i’m asking your opinion sir, because i’m quite pessimistic right now