let me make sure i understand you correctly…
you wanted to buy ZEC, but went with BTC because exchange issues (in a way) forced you to buy BTC?
if i understand you correctly, this is an unacceptable problem, and you wouldn’t be the first person to tell me this.
You bet, why where will you buy it, on localbitcoins from lowlife criminals who ripp you off the first chance they get or on certified exchanges where you might pay couple of % commission but you stay safe.
I got verified for tier 3 on the first try at Kraken and Bitfinex. I’m not sure but I think it might be because I am a EU citizen, and regulations are less strict as I can recall.
Bitfinex took about 5 days, and Kraken about a Month.
I Like kraken because of the EUR/ZEC pair, and EUR withdrawals within EU cost next to nothing
The last price support was around 230 to 240? Hopefully it’s gonna stay around there for now and shoot up after that. There’s no way it’ll go back to the 90s…can it?
Hang tight … Price targets haven’t changed. We only hit $90s under catastrophic failure…
this irritates me in so many levels… because i’m thinking it’s wide spread… people cannot buy ZEC… this is a terrible problem, and I’m not sure the community knows how bad it is!!! thanks for sharing, because this needs to fixed immediately
You can buy / sell ZEC on poloniex and most other exchanges. The difference is you can’t deposit / withdraw it.
people that have decided to move into the market specifically for zcash; that i personally know (large money) cannot buy ZEC. don’t like cross pollinating my accounts, but thinking about dumping some of my twitter @/mentions in here so people can grasp the magnitude of this problem… side note: there’s a ton of pent-up demand for zcash …once this stuff gets ironed-out - mewn
I still think price will continue going down for a few months, too many people joined late. Whales don’t have mercy and the best way for them to increase their stack is to buy cheap coins from desperate noobs.
that’s how it usually works, but in this specific case; USD is sidelined because kraken is the only reputable exchange for USD-ZEC. large money does not want to put their loot on bitrex, or polo.
I agree, buying ZEC (and all crypto, really) for a normal person is a huge problem right now. Kraken verification takes longer, then wait times for wire transfers.
I’d love to get in at the current price but who knows what the price will be once I’m actually able to purchase. And if these wallet issues people are complaining about don’t get fixed right away, I think we’re gonna see a continued fall in price.
Getting hands on crypto is a huge bottleneck right now.
But we’re still early days of crypto I feel. This is like the internet was in 2006. It’s popular+widespread, sure, but it’s not 2016 popular/widespread.
I think blockchain is going to change the way the world economy works. So if you’re in it for the long-haul, just buy and forget for 10 years.
Regardless of the long haul or not, I think there should be a fix with what is happening right now. There so far is not clear explanation about why Polo and Bittrex have disabled ZEC wallet withdrawal and deposits. I think once this issue is fixed will we then see a huge jump in price.
agree, i’ve been doing this for a minute, so, sometimes i forget that it’s not easy to first enter… but, these exchanges aren’t improving; seem to be moving in the opposite direction. also, agree, i do consider today’s investors “early adopters”… the exchanges tho SMH
@Blue and @kek you’re both 100% right exchanges are a major issue right now. You’d think they’d have matured passed where they currently are considering their size and age. I’ve had major issues with both Polo and Kraken recently. But at least kraken is responding to support requests eventually. Polo - silent AF
BTW, we’re tanking hard right now. It touched .09 BTC if it goes below .08 i think things could get really ugly
I think most of these exchanges are getting a massive amount of new users and can’t keep up with the current demands creating a backlog. They have to figure out some way better their infrastructure which I believe they will. Once they get caught up, it’ll be good again
Is the price tanking because people that have ZEC on bittrex and polo are trying to sell it for BTC so they can actually move out of the exchange? And people aren’t buying because they know they won’t be able to withdraw any ZEC they purchase?
All coins are heading downward right now. ETH and ZEC seem to be joined at the hip during these downward spirals. This is not new.
Yea definitely a scaling issue. Maybe no one expected the May explosion and sudden jump-in from all the bystanders so they didn’t have the resources to deal with it. Ethereum has major issues too since May, syncing a node is SLOW AS HELL because of the new load of users/miners/traders
I was thinking that too but I think @nekkidtruth has a point - all altcoins are massively correcting in price it seems. We all kinda knew that crypto prices have been heavily inflated because of new popularity. Price jumped after the JP Morgan announcement, peaked mid-june and has been on a downtrend ever since.