Price Speculation

Pay attention on zec guys. I think something is starting…

When I mention cryptocurrency to anyone they kind of give me a blank look. If Amazon were to start accepting Bitcoin and other Altcoins it would give us a lot of attention. Other major retailers would jump on the bandwagon to stay competitive. This would drive prices through the roof.

Also in the next few days ZEC is going to make a huge jump in price. There is a massive surge in the mining pools right now. Maybe my thought of selling at 220 was enough for my bad luck to drive the market up. :laughing:

Is it because of this?

https://www.sec.gov/Archives/edgar/data/1720265/000095010317010226/xslFormDX01/primary_doc.xml

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imo, amazon would be just-as likey to accept zcash, since amazon did help fund ZEC via an AWS grant!

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wow the USD market looks much much better then the EUR market

South Korean currency has biggest zec volume of all fiat currencies. Edit: Oops it was yesterday, today USD is winner.

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well, if that’s where the volume is, it’s about midnight over there right now. Another 6 hours or so before we would see movement again from them.

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from where do you get this info cpuld you pass link please

Yeah, here you go: Zcash price today, ZEC to USD live, marketcap and chart | CoinMarketCap

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Perhaps the ~210 USD floor held for the time being. I’m interested to see what the next several days/weeks will bring for price.

Yeah, I’ve been sitting on a lot of mining earnings that need to pay out. Really hope it isn’t too much longer before some price bump. Capital is getting low. :slight_smile:

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The price is fluctuating rapidly. My thought is we are going to see a drop this weekend followed by an increase. To be honest I have always been comfortable selling ZEC at $250. I’m in same boat with capital being low. I want to sell to expand my operations, but right now is not a good time.

Here’s my 2 cents on whats happening

We established a very strong support at $250ish levels after the recent jum in price 3 weeks ago and when this was broken it consequently became a very strong resistance. We will test 220 levels gain and may go back to 200 as well before commencing the next leg up to $610 by mid november which will be followed by followed by a 40-50% correction and then go back up to $900-1000 which may coincide with the release of sapling or even sooner…

As i have mentioned many times, 195-220 is a very good buying range…

We are still bearish short term but super bullish long term…once we commence the next leg up to 610, we will not see 200-250 levels ever again imo…

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The big question is is when is sapling going to be released. It could take months to for it to be released, if they find any last minute bugs. Working in the IT industry I’ve seen software updates get pushed back frequently. If we are going to drop to below 220 now is the time to sell. Hold that money and pick it back up when it drops.

Sapling will allow for the price of $300+. True no one knows when in 2018 it wil come out. Everyone is waiting for ZEC to go up a little to dump their ZEC. with this mentality it is not easy for the price to go up smoothly.

Happy Birthday ZEC!!! @zooko

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Uneventful weekend. I was hoping for a birthday present. Great first year for a crypto though!!!

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There are some big ZEC purchase orders showing up this morning. Multiple orders for 300+ ZEC. Maybe it will be a happy birth-week.

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From where you can see this purchase orders?

Purchase orders are visible on the exchanges live. Careful what you are looking at though as bots often place and remove large orders quickly (before they can be filled) to give the illusion of market activity when there is none. Look for the larger orders than don’t fluctuate in volume amount until it’s at the current market price.
Right now for example, there is a 300 ZEC sell order on Poloniex at market value keeping the price from going above that point (actually driving it down as people undercut it to sell their own). Likely someone trying to sell and get into Bitcoin for the current bump happening over the announcement that a major exchange will start futures trading BTC.