I think that the versatility of zcash makes it a far more valuable asset. It is an unfortunate fact that the U.S. government and it’s allies are working day & night to kill anonymity. Exchanges which stand against them are closed and people’s money are seized. It’s disgusting. Exchanges are being forced into this. The Zcash protocol ensures that people & companies can choose for themselves how they want to navigate their anonymity.
The Zcash protocol sort of reminds me of TrueCrypt. In TrueCrypt you were able to create a password protected encrypted archive, inside another password protected encrypted archive. An adversary could determine that data was encrypted and could coerce you into supplying a password to decrypt it, but they would have no way to prove that there was another encrypted archive within.
There are many ways to play the game. I think that the versatility of Zcash will allow for a lot of creative developments.
One thing that I love about this is that the U.S. is losing Crypto War 2.0. The cat is out of the bag. We need Zcash to fight the NSA/U.S. government’s intrusions into people’s lives and we need Zcash to integrate as much into legal society as possible. They won’t be able to get rid of Zcash.
I share your enthusiasm. There are two parties required for a trade, however. The problem, there are only miners & traders so far. Mass adoption is yet to come, there are few Zcash versality tech end users by now. Therefore, my guess was, that ZEC exchange rate stagnation on the background of fast lane for Bitcoin in Japan & S.Korea might be partly determined by the uncertainty, caused by recent U.S. gov. activities, in the eyes of precautious institutional investors, i.e. the game-makers, over possible future consequences for messing with incompliant securities.
Now BTC is stagnating, the hard part is for you to decide when to getout. I have bought it on last friday when it was on 2970 EUR/BTC then I was beating my chest 4 my friends how I made over 1K by Sunday. Then of course I was waiting for to hit the magical 5000$ cause people pumping it but it’s not what happened.
On Tuesday from 3700 I went down to ~3200 and I had a limitsell on 3100 so I thought fuck this gonna fall back down and at least I sell earlier than my limit stop order to make a bit more. Then what happens this fuck goes back to 3500 but anyway it’s beating around that 3492EUR/BTC limit doesn’t seem to rocket anywhere.
22 hours ago
The price diverges with MACD histogram and RSI . We get a bearish divergence which is a strong trend reversal signal. MACD confirms downward movement. RSI confirms price reversal from 4400.00 level. ADX line of DMI 0.81% indicator starts falling. It’s a signal that bulls are not so strong now. Based on the above signals, we should expect for a correction movement. The market is going to move lower and we have to spot possible support zones for buying based on reversal signals. If the market drops lower than Simple Moving Average with period 20, it will be a good confirmation of further downward movement. The market will be able to reach SMA50. This support line can stop and reverse the falling market. If we get a confirmed reversal signal from SMA50, we’ll be ably to open long trades. But if the market breaks this support line, the next support zones will be at 3500.00 level and then SMA100. These zones will be good for buying and joining to the main uptrend.
11 hours ago
Comment: A bullish candlestick pattern (hammer) at SMA20 can be a signal of price reversal with further upward movement. Will it be a short term price movement or a new impulse wave, we’ll see.
[4 hours ago] A Hammer. Let’s see if the price gets above SMA 20.
[2.3 hours ago] The price is going up after the hammer. A close here would be above SMA 20.
Idk I was recommended to buy this when it was over 200EUR now I would just sitting on a heap of big nothing waiting to go uppp.
BTC still not moving regardless it reached the guys SMA 20 prediction.
I don’t see etherum skyrocketing either, now that bitstamp is adding it that might helps with the price maybe when putin and his criminal buddies start pouring money into it. Once in history the middleclass/poor have the opportunity to make money on the rich fucks
( I will not be doing anymore Analysis until the end of October… it is pointless, price will follow this pattern and any other analysis will only confirm it, times and times again. )
All of you dream to see zec climbing to 400-500 dollars, but day by day zec is down and down! Developers are sleeping! Where are the new updates??? A lot of us invest in this currency and now we lose! I changed 11 BTC to 80 zec, but now 80 zec are ~16500 , and 11 BTC are ~48000, then i lost 32000 $! It’s URGENT to see new improvements! Also don’t be stupid and sell cheap!
