BTC tanking again, seems like final stage of capitulation, CME Futures closing today as well. I expect a bounce as soon as they close them.
ZEC performing well against BTC. looks-like we’re going to-attempt-to defeat .022 again!!
when i see a test pump, and say “$300-400 range” that’s a really safe bet. that just indicates how much sway a single entity has in a market. would not fall out of my seat in amazement if we do see the $500-600 range this year. we’ll fight over $100 for a minute, but once $100-200 levels are breeched - $200 range will be gone fast. you’ll go to sleep with ZEC around $180, and wake up one morning @ $310. $200 level will be eaten alive. $300 is where we start fighting again. damn, i love some early AM speculation.
300-400$ sure its possible but 500-600$ this year never gonna happen.
that’s the same thing people said to me last year, but then zcash hit +$900
I also hope it will bounce. But it depends on whole situation and ZCash team. I think if they release recently announced mobile wallet prototype it could trigger rocket run. Successful update + coinbase + wallet is a chain of good news. If not moon it will at least further strengthen zcash position versus bitcoin, xmr, dash and rest shitcoins
WTF, with Coinbase news ZEC can’t even surpass BCHSV price… the market makes no sense at all.
Hard to belive, that we see 300-400 range this year, but you never know🙂
Its simple, once market makers buy enough cheap alts, then they pump it and make their profits 3x 4x 5x.
For some reason there is more demand for BCHSV. Today i checked the demand/supply ratio for all my holdings including ZEC and BCHSV.
For some reason BCHSV has a very high demand ratio of 45 vs 55 supply across all it’s markets.
ZEC currently 28% vs 72% supply.
I’am a strong believer in the demand/supply argument and that it’s the most important factor of all out there.
As long as the demand is way lower than the supply i see no common sense and logic why the price should raise at all.
Lol, I can see Zcash ETF getting approved before Bitcoin
unsure you understand how order books work during accumulation. there’s been an entity (probably a single entity) that’s been eating zcash emissions for months. this possibly single entity has capped the market. once they have their fill things will change fast.
love when our volume hits +$200million (coinmarketcap). just about 1/2 our market cap again.
Yes I’ve seen this happen before, not just on Zcash but other coins as well.
That’s even worse than as when these stop the demand will be even lower, not?
And even than, what does it change at all if one entity or many accumulate and buy ZEC as long as theire is 2-3 times more supply than the demand?
I have a different approach when it comes to volume and exclude the obvious fake volume. In the case of ZEC it’s for sure Lbank, Bithumb, Bit-Z as the ones with most ZEC volume.
On coinmarketcap for some reason, only Bithumb isn’t counted in the volume. But the Lbank 140million and Bit-Z 7million should be excluded as well. No idea why they don’t do it at coinmarketcap yet. It’s that obvious that there is no room for any doubt that the Lbank volume is faked. Lbank is known very well for faking volume anyway.
Let’s decrease the volume with the Lbank one and we are somewhere at 70million real volume … mostly even less!
Edit & added:
The Chinese rip-offs armada
You may or may not have noticed, but CoinMarketCap has quite recently listed a host of Chinese trading exchanges that all boast rather high trading volumes but somehow, no one has ever heard about. Most of them obviously share the same User Interface and trading engine.
Among them, but definitely not limited to, are names such as: Lbank, Exx, RightBTC, CoinEgg, Zb, BitZ, Bibox, CoinEx, BTC-Alpha…
Those platforms are so blatantly faking their volumes that they do not even deserve running numbers: just go and have a look for yourself. It is an absolute disgrace that CoinMarketCap and LiveCoinWatch should list these scamholes alongside sometimes struggling legit exchanges. … Yet somehow, the practice is, if not encouraged, at least thoroughly ignored by popular data aggregators and most of their users, when all anybody really has to do is have a look to figure out that something is amiss.
the market is “managed” to quote another poster. the whole point of capping the market is to make supply look greater than demand. this is how most markets operate. if demand looked greater than supply; exchange rates could jump, and that’s not in an accumulator’s interest.
not only has the market been successfully capped on several occasions; (probably) the same entity has been painting the tape, and downticking our markets.
not reading all that. you want me to read a post; please make it more pithy. imo, you need to learn how an order book works in the real world.
More pithy? 130+Million, about 2/3 are fake ZEC volume, if that’s not pithy enough i don’t know what else it needs.
You are free to believe in these fake volume numbers of course, but i’am not one of these that takes fake numbers as real just because i wish it should be like that …