I agree with the demand. I feel like I’m talking to a break wall because like I said in a previous post. What either ECC or the Foundation should be doing is spending money on awareness. The more valuable the coin is the more likely the coin will succeed, less coins would have to be sold to fund projects, less pricing pressure. If I was running the company I would make small pamphlets that talk about the tech in a clever and interactive way. Then distribute them to all coin holders and marketers and have them create foot traffic awareness. Have people go door to door or have vendor tables. For example if I had informational packets in the US I could get a permit for 25 dollars set up a table in the train Station in Downtown Boston and create awareness and transactions. But no one from this community will listen to me. I ask to come to Zcon1 but they didn’t want to help spend the money to get me there. I haven’t done enough coding schooling for a scholarship. Yes we need technicians but we also need marketers for success. It’s why Litecoin holding up. I feel like Macfee “GOD PLEASE LISTEN PEOPLE”.
Trying to reach the masses right now doesn’t make sense. We shouldn’t push for widespread adoption until after shielded mobile wallets are broadly available. Making shielded transactions more accessible is the focus right now.
Again I understand the tech is very important, but I also believe making people aware and holders of the asset, would greatly make people more appreciable at a later date. In order to truly benefit from the tech you must get in on the ground floor. If you don’t the benefit will be minimal and you will just be simply fueling the tech. If this is made to help people, inform them to buy in at the bottom and not at the top. I would appreciate the tech so much more if my net worth increase as well as my use cases. Lets make people richer and way of life easier. For example would you rather own apple stock at a dollar and watch it appreciate over time then buy a mac n iPhone later. Or just wait until the iPhone, iPad, apple watch, and mac was created then buy the stock. I hope you can see where I’m going with this.
Just tell them to buy and hold while the wrinkles get iron out.
This has been one of the consistent issues with Zcash…
We are looking into it, until then
We do not have a person for that role yet, until then
We’ll look at it after this upgrade, until then
We have grants available if someone wants to do it, until then
You can go back to the starting months of this forum with original users asking why is there no marketing, promoting (yeah yeah you did coinbase 2.5 years after launch), hard push saying LOOK AT ZCASH!
You can take the training wheels of the coin, lets go for a spin.
Curious-- if the funds that were spent on the Zconn conference was put into promoting Zcash to the masses, would there be a bigger return on adoption over spending those same funds on those that are already invested?
Let’s say we buy, IDK, a billboard or a TV commercial. Or we hold a version of Zcon meant for the masses. We tell them about Zcash and its cool capabilities.
And then what? The mode of Zcash usage that is broadly accessible, especially on mobile, is basically a copy-paste of bitcoin. If you received that pitch, without any prior investment in Zcash, would you be excited? How many people are gonna download Zepio or ZecWallet and spend a couple of days syncing the blockchain?
I could be wrong. Maybe it is a good idea to start pushing for consumer adoption right now. But I’m worried about people trying Zcash, considering it a marginal improvement that’s a pain in the ass to use (which is the practical reality right now), and then writing it off forever.
OTOH, @zooko has made good points about t-addresses eventually onboarding people to z-addresses.
I expected market to support Zcash with the announcement of Halo. Wonder why Monero is going up on this news
no point in spontaneous campaigns now. will not work. market dramatically changed in 2019. at least one of three things should happen for zcash to have it’s place in future.
- some major impact on bitcoin. to shake it’s current stance and compound network effect that absorbed 90+% of incentives in cryptocurrency ecosystem.
- some solid business wizardry to onboard. it’s clear now that technical advantages by themselves mean not much nowadays for valuation.
- let zcash team continue build and finish what’s in process and undone till 2020 inflation cut, meanwhile doing all legal/gr job they are currently doing, then try some aggressive comeback. privacy matters for smart people/money. but smart money have low tend to use unpolished things, especially funds related.
while mining pools/hashrate, ecc, some funds and endorsers haven’t capitulated after such huge media and market impact that zcash took this year - maybe they have some vision where zcash goes. so let’s wait things to happen.) stakes are high. it’s still probable to get somewhere near 0.1 in future as an adopted private coin, or end up in misery somewhere at 0.001.
from sceptic point of view - miracle should happen for adoption to replace hoarding, speculation, ponzi and hyip - current usecases for crypto. every cryptocurrency/coin that tried to push payment/moe usecase over stockpiling/sov - relatively failed at given moment.
from optimistic point of view - 1zec = 7btc.)
I agree very much with this.
As said in other posts, zcash teams focusing on the non shiny and most important parts is probably the best sign of good working practice to me. And it probably must be quite difficult when there is so much noisy demands for flashy adds that won’t yield anything yet.
This of course are valid arguments, but if that’s the case and intension than some major mistakes have been made from start.
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Than all kinds of wallets should have been highest priority from start and not sapling or others.
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The inflation rate is wrong choosen, that’s nothing new, but with such incentive that no marketing or creating demand is needed/desired bevor light wallets are avaiable it makes the inflation rate even worse effecting everything. In such case from beginning an equal inflation rate would have fit much better instead of copy & paste BTC inflation.
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It’s a trade off. While i understand and even agree to your arguments it’s a big trade off and i’am not sure if it does work out at the end. The end result will be, once we have a light wallet and/or marketing begins, that every potential new investor/user will see a financial downfall for years and the feedback of a lot of people that lost money and their investment meanwhile. I mean for every new buyer it’s not really conviencing after he looks at our price chart.
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The own dev and founders reward are wrong choosen and an ICO or premine would have fit better to secure more funds for development. I mean it’s a strange situation and i’am pretty sure it’s a unique one as well that inflation is supported while exactly the same inflation and non adoption hits the own funds most. Some kind of masochism funding, lol.
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Why are than $1M or $2m wasted in the Coinbase video tutorial campaign? I mean either you make a campaign from A - Z or you don’t make any if it’s anyway believed it’s of no use.
The market responsed with some short price increase of $1-2 for 2 days. What did you expect from Halo? It’s nothing concrete, it’s nothing audited, it’s nothing fixed, it’s nothing with numbers and digits attached it’s even not sure if it’s usable or what effect it has. It’s even a trade off if you read the paper carefully, at least for now.
The times promising news and roadmaps affect the market are long time offer. Today the market responds long time only for reached improvements and developments. Leave alone that our inflation “eats for breakfast” every small news anyway.
As a sidenote, i consider the realease date of these news personally as very bad choosen again in the middle of the dev fund discussion. Pretty sure that a lot of people that observe things objectively, see this as an attempt to justify a 20% dev fund.
My prediction for 2019 is either ZEC can make the move to $70 or it gets down to $25, worst case $15.
For BTC/ZEC it’s out of question for me that 0.1 BTC is possible the next 5 years if BTC doesn’t mess up something which i think is very unlikely. For end of 2019 i’am sure we will hit 0.0035.
in crypto news never acted as price stimulus by themselves without whales/mm’s (pre)pump.
current price action of zcash and all other major altcoins is just a noise. all of the major altcoins, except some of this season’s fresh vaporware are in price/low discovery mode with slight artificial support. some major support walls were spotted for eth, but that’s all.
from sceptical point of view - mm’s abandoned zcash since june, after poor market reaction. and accorging to recent changes in market - it could be last pump for zcash ever.
from neutral point of view - its essential accumulation for current state of market, and sooner or later bulls will jump in.
Some charts and thoughts with my morning tea
Historical ZEC price per month. This very simple chart just shows how ZEC versus BTC breakout’s have 0 chance to hold for longer. Next time i will add the US$ charts.
Next a view on the different Technical Analysis with 1 hour, 1 day, 1 week and 1 month:
And all candlestick patterns:
Thank you for that info.
Could you please define longer? Are you saying there is 0 chance for ZEC/BTC to be higher around the halving then it is today?
Could you do the same for ETH so that we could compare?
Yes, that’s my personal logical prediction and analysis based on todays demand/supply. The halving will not be enough to stabilize ZEC/BTC price with current performance in my opinion and calculations. It wouldn’t be even enough IF BTC would not halv, we just lack the demand.
But this doesn’t mean there can not be some short price peaks where someone can make some extra bucks of course. But it will correct more soon than late after these.
Sure, give me some minutes …
Here all ETH charts i can get, please share your thoughts after comparing it with ZEC/BTC. I don’t hold ETH and i don’t follow ETH and have 0 interest in ETH so i didn’t analyse these ever.
Historical Price Chart for ETH/BTC:
ETH/BTC Technical Analysis with 1 hour, 1 day, 1 week and 1 month:
And all the ETH/BTC candlestick patterns:
Thank you very much it will take me some time to sift through the data, but at least now I understand why you’ve always waited for a certain price point before calling another price target. This was very strange for me. So the method is to do an algorythmic analysis look at all the indicators assign certain weight to them and then define the trend and price?
Looking forward to the ZEC/USD.
I would say its a very small chance that ZEC/USD pair is lower today than at halving, and my evg entry is around $80. I did take some profit from 700-400. Took my inital investment out but sadly spent it on various forms of entertainment. But Im ready to play the lottery. We could both be right, in that case BTC/USD pair would gain more value in a year then ZEC/USD
yeah. all the indicators are ugly and were always ugly. that’s why i’m waiting for some fundamental changes in market or some strong reclaim/reversal for any “clear” reason to have a sizeable buy. still think that zcash can show something special with time. and i’m still lacking ideas why price held in 2018. who is incentivised to buy all the supply while big media period for zcash generally ended in 2017, and some new incentives only started to show. its’s relatively big mcap and op-costly coin to live only on haggle thru all this bearmarket. sometimes i think it’s not coin with strong intentions to store some value in future and preserve some capital for major stakeholders, but just some kind of technical and social experiment, wrapped in a coin frame. or some strange coincidence of speculative factors.) otherwise many economical and other issues could be corrected long ago.
No problem, out of fun (it’s of no interest for me) i made the same with ZEC/ETH as i never made such bevor. At the end of the post you can see ZEC/ETH charts.
Yes, and it’s my logic that it makes no sense to call for a price target and meanwhile call for others. Either you get to the price call you make (if you believe in it of course) or you admit that it was wrong and begin from zero with a new prediction/opinion. As i’am confident that mine, including the 0.0035 BTC for end of the year hold true it does not make sense to make another one. I’am just confident it will happen, no matter that meanwhile there will be some break out attempts, just naturally.
Not only, plus adding, or giving weight to factors that are NOT included in technical analysis. In my case and my calculations i as well add inflation rates btw. the currencies i compare. Actually that’s the base of my calculation and than i weight in technical analysis.
The logic behind this is that the technical analysis can does not include these factors which in my opinion are important. Sure, in history they react to it, but for prediction there is no way technical indicators can include facts like active wallets, inflation, mining profitability and other even more subjective ones with a less weightend factor. But all over you got the idea it seems.
As long as the major ZEC volume is in BTC and not USD and as long as ZEC does not move it’s own but just reacts i see now logic in making price predictions in USD and hence i won’t comment these at all. It’s out of my personal logic to make charts/calculations on a minor trading pair. I would compare it with making a calculation on Sweden’s oil production (price) after the price is literally dictated/influenced by the OPEC price. But that’s just my opinion and approach.
That’s up to everybody. I’am doing business and not just playing lottery, lol. Of course i’am hoping for a big increase some day in ZEC as well and i’am more than willing some day to invest 6 digits USD into ZEC, but today is not 2017 anymore and today with more knowledge, experience and more brain i prefer to play more reasonable, even more i’am responsible of the investment of some friends as well.
This said, no matter i currently have a bearish view for the next years it doesn’t mean i’am not willing to give it some try some day again. But so far it safed me really a lot of money NOT to hold ZEC. And neither FOMO nor FUD works on me. If there comes the point to invest again into ZEC, so it be, i don’t care than if i have to pay 2$ more per ZEC and just onboard on a safe long term ride.
Not sure if it’s possible even in theory for a longer period. I mean this would mean there would be a huge arbitrage gap and that’s more unlikely to happen if i didn’t make a mistake in my head calculation for that one.
Here the ZEC / ETH charts:
strangest coin in a whole market. any scamcoin should have already banned you from forums.)) zteam just doesnt care. interested to see overall outcome of this coin and what was this all about even if my expectations for comeback to majors will never be met.
(lol, i dont mean that zcash is a scamcoin, if i’m misinterpreted)
That’s because scam coins have no arguments, no vision, can’t defend and can’t work on anything other than generating a hype and hot air out of nothing. It would be stupid if a legit project like Zcash acts like scam coins putting it into a scam coin censorship category.
Makes me remember that i got banned immediatly within 2 minutes on the Ycash discord channel, lol.