“Less than 1% of hours with such heavy Tether transactions are associated with 50% of the meteoric rise in Bitcoin and 64% of other top cryptocurrencies.”
it can, and should be hyped, but poor outreach in the past makes your feeling of pessimism valid. thinking this one is important enough for more outreach.
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If this continues we will see ATL , whole market is f…d🤨
Heres another
Some seriously misleading headlines…speaking of market manipulation
Nothing in the stories about any actual manipulation of tether.
“What’s that you say? They were trading in tether while manipulating BTC? NO SH!T!?!?!”
In other breaking news: Sky is blue. Water is wet.
In other words: these stories mean nothing and don’t draw any substantive conclusions anyone here didn’t already know (that tether is used as the common fiat for most trading). But it sure is pissing off the market today.
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Is this guy for real? It seem sketchy for me
[Edit by @daira: this refers to posts by BlackBackPage2 and Blacklysnipes which have been deleted.]
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Its called phishing (obviously) and persistence really works on some people, sad really
More importantly its the Code of conduct
https://forum.zcashcommunity.com/faq#CoC
Lol, asking myself the same at the moment …
Just in case he is real and the “proposal/offer” as well. I don’t think Zcash should do something like that. With the listing on gemini in my opinion it’s best not to risk something with sponsoring/affilation with such shaddy, mostly even criminal, sites, not?
You are probably right. There are alot of scams here so to be safe, if your guts is telling you something bad it is best to walk away from it.
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You should use it because its the most secure and the strongest network of its type, not because you were bribed. The privacy of your customers should matter more than a fee.
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It should but there is no central escrow posting’s not illegal
gal its still up to the clients to use best screen practices and opsec. My clients that would be using paid features were already using Bitcoin. Now do to new laws I can be held reliable I was looking for a privacy centric coin for my own Good. What options do Iphone/android users have for simple wallets?
Why don’t you save a few bucks and buy yourself some zec… Why are you here asking for donations? You might get those donations and disappear from our forums. I don’t want zec to be directly involved in fueling your business.
Also, if anyone donates me free zec, “I’ll promise I’ll make a Backpage 3 site and your wildest dreams will come true.”
This is price speculation thread, please be on topic.
Zcash is relatively young and can’t make it more relevant until it matures more. With only 4 million in supply, we need to see how Asics will distribute the coins amongst miners. The articles about btc manipulation isn’t helping us much too.
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Guys do you have any speculation on when can we observe a drastic increase of price of zcash.
Let’s hope sooner than later!
Market seems out of fuel, need some good news…
Probably not until after Sapling.
I think we’ve had 2 straight months of good news now and still out of steam. This might be the story for the rest of 2018.
We will have runs again on occasion, but I don’t think we will see numbers like we did in December/January for the rest of the year. (probably not in 2019 either)
The 2018 run is looking more and more like the 2013/2014 run then things leveled off a lot for the next three years.
There can be more and more good news and advancements but unless something comes along to encourage actual consumption/adoption/use by the end users, I don’t think anything the suppliers/devs do will really make an impact on the market.
Too much has the end users jaded right now I think. The dump from December (manipulation?), authorities screwing with Japanese and Korean exchanges, equihash ASICS, there is a lot weighing on the average crypto user right now and none of these issues have any light visible at the end of the tunnel yet. Until they do I think we can expect more of the same.
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Update of Network and Market Statistics:
The following are all based on the average from the last 7 days (so eliminating impact of daily/hourly volatility in measurements) vs. 30 and 90 days ago…
Difficulty:
- Difficulty has increased 25.3% vs. the same period 30 days ago.
- Difficulty has increased 5.3% vs. the same period 90 days ago. (much higher price, see below)
Market Price:
- Price has decreased 30.6% vs. the same period 30 days ago.
- Price has decreased 41.8% vs. the same period 90 days ago.
Price:Difficulty Ratio (Mining Earnings Ratio) :
- P:D Ratio has decreased 44.6% vs. the same period 30 days ago.
- P:D Ratio has decreased 44.7% vs. the same period 90 days ago.
The Price:Difficulty ratio over a period of time is an important measurement because difficulty changes have by far the highest correlation with market price. Price goes up, difficulty goes up, and vice versa. This measurement represents the general compensation motivation of the mining community to provide hashing-power to Zcash. It’s significant drop with the significant increase in difficulty is what is expected to happen when ASICs are announced and released on any crypto network. This period measured represents the period of time that public disclosure of the ASIC mining happened.
I believe we are already seeing our 30% increase in mining impact that was expect in month 1 following an ASIC deployment.
The speculative impact on longer term market/network conditions are that this will gradually encourage miners to seek “greener pastures” in other currencies which they will adopt for general crypto use (no longer using ZEC). Lower adoption will likely result in lower volume and lower market price. I think most/all of the miners currently supporting ZEC network are either speculators (dreaming of a better tomorrow in ZEC price) or ASIC miners (which each is equivalent of at least 4 or 5 GPU rigs).
Zcash specifically I believe has a real problem with user adoption decreasing at the moment. Gemini was a nice pickup and a perk to those of us already using ZEC, but I don’t think it really did anything to encourage new users to adopt ZEC vs. other currencies. I don’t think “privacy” is important enough to people buying into crypto with real $ (since more of them are doing so for an investment, not to make transactions).
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we’ll kiss $1,300 this year, imo
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amen to that…may i know which event might trigger that kiss? 