People are playing musical chairs with alts. BCH opened a flashy casino, and it looks super crowded right now.
BCH debacle happens tomorrow so probably just that.
I love the excuses this community tries to think of, but the truth is supply is greater than demand.
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2:45 PM central time XBT futures expire.
“excuses” …this is called the speculation thread for a reason. ATM, we move with bitcoin.
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BTC sure, but members above mentioned BCH like it has influence on Zcash price.
BCH can influence BTC, and BTC influences everything, so yeah, I think their hardfork is making itself felt here. Just my humble opinion of course.
…either that or the market gods granted @Hairdawg his wish to accumulate more 
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That they did @ChileBob - gotta love when the market gods are on your side haha!
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; ) it’s official …hairdawg ruined our rally
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Pretty big bloodletting out there
almost-like when XBT futures are bearish, BTC’s moving sideways, and CBOE’s contract’s expiring the next day; never a good thing (if you’re a bull).
Wonder what happened around June that made more than 65% of the active address stop being active. Ohh I remember it was ASICs… This is why I said price for ZCash will not boom anytime soon. We lost 80% or more of the mining community on the switch. Less people using it, less its worth.
Active ZEC adresses:
Payment Count:
Odd how at the same time near ASIC release, average fees shot way up
Average Fee currency units:
Median Fee / USD:
Well looks like Zcash doesnt have a lot of weak hands left, price is holding pretty good for this big BTC crash.
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The default fee is 0.0001, just so yall know
Unless of course you’re transacting in the $10,000 range on the norm then a $10 transaction fee doesn’t really seem too unreasonable especially if you want it to go through quickly
It should be noted that those sorts of transactions probably occur mostly on exchanges where privacy protection at the personal level isn’t really observed past pseudoanonymity
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Sorry everyone! The accumulation will pay off in the long run!
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Those are interesting graphs…the writing was on the wall well ahead of June. Yow…this bloodletting today is disappointing.
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hmmm looks like ZEC to 40 still a possibility
S.Korea wakes up soon (5:30am right now), think things are about to change.
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Let’s hope you’re right…