I would turn bull instantly if I see any strength. Right now its rather neutral with bearish tendencies. The triangle takes its time to resolve and so are the bots. If bitcoin shits the bed it will take ZEC and all the other alts with.
ETH(+67%), LTC(+61.55%) and BCH(+55%) have recovered quite a bit in the last 30 days. Even if BTC goes down its quite possible the first one to hit new lows will be the coins that did not recover well during the recent rally. Unfortunately zcash seems to fall under this category.
I agree that on first look it seemed like, but actually it doesn’t, for several reasons:
- first of all the Algo-A asic coins are still realeased immediatly, no impact on the current mined ZEC.
- 2nd, you get more coins issued with algo-B as algo-A mining rewards got not reduced.
- 3rd, after we have point 2nd, we have a higher inflation, no matter they are released weekly and delayed, the end effect is just, more coins per day.
- 4th, the delay effect would be only and exactly 50 weeks after introducing, after 50 weeks we are back to normality, at least due my fast calculation it should be like that. Hadn’t time yet to make the whole simulation for this.
- 5th, having the above points in mind while the intentions is clear and it should work as anti-dump, it might cause a higher dump for algo-A as more issuance from algo-B is coming mostly adding more sell pressure on Algo-A mined coins. This said i’am pretty sure that without Algo-A having time locked ZEC the approach is counter productive and does NOT lead to less inflation, even to more week by week …
interesting! reposting this in the wen mewn thread so it doesn’t get buried
She is the Co-Head of European Government Affairs, @ Citi
Watch from 52:50, here is the link
(Also note, I’m kind of disenchanted with zk-SNARKs and wanting to upgrade to toxic-waste-free systems like STARKs and Bulletproofs instead of using zk-SNARKs for more things, but that again makes it harder and pushes back a probable launch date by about two years.)
alg A
alg B
almost thinking this could be setting up for an eventual split in 2020. with either algA, or algB miners agreeing on extending payment to developers, with the other splitting, and sticking with current zcash plans to give miners 100% of rewards. side that’s pro continuing paying devs a % of rewards will probably get STARKS deployed, etc.
imo, 2020 split over continued % of dev rewards is probably guaranteed. think by that time there could be enough hashrate on both algA, and algB to support both.
Interesting aspect i didn’t think yet about. Possible scenario for sure!
irritating to watch dash rip-our-doors-off in the exchange rate department, with less volume than ZEC. dash has been in the crosshairs so many times, but always seems to escape.
side note - ZEC’s emission schedule is so insane, we’ve almost caught up to dash’s available supply. only roughly 3M difference.
have i mentioned really don’t like the emission schedule? was just doing whatever it-is i do …and figured if ZEC didn’t have obscene inflation, would most-likely hold a +$2,000 exchange rate
This +2000 i like 20 char
been meaning to make a “what i’m thinking for 2019” post. will take me a minute, so i’ll try to post something tomorrow AM.
dammit …was going to take a gamble on this one after kraken listed it. was hoping ZEC would’ve showed a little life before QTUM pumped, tho… this definitely makes me a little salty. i knew this was going to happen, and i’m not even participating. grrrrrrrrrrr
grrrrrrrrrrrrrrrrr
when ZEC’s bullish she moves fast! you’ll wake up one morning, and ZEC will be +$200… zcash starts her true bull cycle; we’ll hit levels nobody thought was possible.
I have noticed that, once zec jumped 10$ in a blink, thats why im waiting to see long waited bull storm.
a breakdown of the triangle would put us somewhere around 0.0127 - 0.01266 depending how hard the panic selloff will be. good luck
Just to keep things on topic, this is a radical “to the moon” thread.
No allowed!
Alright. To the moon then
More sideways action is the most bullish scenario I can think of tbh. Depends what XBT is doing ofc.
Edit: We broke down. Moon cancelled for now. Interesting to see how deep this will go or how deep XBT will drag us
decision time for the USD pair
unfortunately this dude’s correct. these are the people i really wanna wreck. side note - we need to defend (roughly) $56.6 or we could be in for more downside price discovery. could see (roughly) $46-49. so far it looks okay. we’ll have to wait for USA to wake up.
$4K holds i’ll probably feel confident enough to start publicly posting price targets again.
BTC just doesn’t want to cooperate