Price Speculation

idk whats going on with zcash currently but i like it :smiley:

It is Bithumb, news broke that they are going to trade ZEC soon. Meanwhile $300! Zcash Price in USD: ZEC Live Price Chart & News | CoinGecko

Where is the source for this?

Nows the time when my friends will call all excited and jump in and then it crashes 30% on them and they sell making a lose instead of riding it out :slight_smile:

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Source from https://www.bithumb.com/event/e20170923_ZEC_open?v=pc

Price moving too fast $360 now Zcash Price in USD: ZEC Live Price Chart & News | CoinGecko

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what is it caused? Who buy ? Maybe 500 dol :slight_smile:

guess it could be 500 :smiley: party time guys :smiley:

I not going sleep Sale or no :stuck_out_tongue:

these 2 mornings of my life was special,yesterday morning it was almost 300$ and now it is 380$. Zcash is the champ!

Im upset a little bit, sold zec earlier and thinking that we go to touch bottom. Now I will have good practice. No I was not lose my money’s, I’m in profit, but I can take much more as I know and understand only now… I think it is not last time we pumps, so in next time I’ll be ready. Now need to don’t lose a bottom.

I sale my first zcash 0.097 BTC I happy now ok going sleep :slight_smile:

Wow, let’s keep it going!

Wow…it took off the same time as it did last night. It’s either Eastern Europeans when they are starting their day or it’s East Asians around mid-day.

Either way, I don’t know that this kind of growth is good for ZEC. We have proven support over the last couple months but the lack of resistance in price-hike when an obvious power-buyer makes a move on the market is concerning. It means we don’t have enough day-to-day volume to correct for movement like that (too many hodl’ers, not enough users). That means we can drop just as easily if one of these power players decides to unload (just like what happened to ETH a couple times in the last 9 months). That is dangerous for us as it can undermine confidence in the currency.

Honestly I felt safe and secure as long as ETH was higher than ZEC.

I’m excited for the ride and the gains, but don’t be upset when it corrects and the difficulty doesn’t go back down. Rapid gains like this are usually not a good thing.

Let me clarify…rapid gains like this are usually not a good thing for those of us in ZEC for the long game. Obviously it’s pleasant for short term returns but I am always concerned about how what happens today will impact things in 2018.

I like $500 by end of December, I don’t like $500 by end of September.

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Excuse me for my ignorance but… how does the price rising affect the difficulty? Thanks.

Higher price entices miners to either start or move over from other currencies. The more miners in, the higher the difficulty climbs, we have seen historically that it doesn’t really drop when the price cools off. Meaning those who jump in are less likely to jump back out. There were a lot of “the sky is falling” people about the difficulty when price jumped in June and again in August.

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More miners shift to ZEC. They won’t all shift out of it on a drop as they expect it to return in value.

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Which site is that? I like the minimalism.

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