What’s the status with this one? Just out of curiousity.
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With super bullish news, we are waiting for 30; without good noses, we are going for 15 or slightly lower. If Bitcoin is testing $ 5,000, then maybe less.
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guess there’s issues causing uncertainty for zcash that need to be ironed out, or something. you’d better start selling your monero soon. been working on something. we’re going to hit them very hard when the time’s right.
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Zcash has problems ahead.
- Lack of current funding (change of staff of the company I think because of this)
- The lack of a real market, and cooperation with ETH will not fix it.
- Slow development and future uncertainty.
- The negative attitude to the coin that has been established over the past years, which will hinder the real appreciation of success if it is
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I agree with this. We have no idea how low ZEC can go if BTC does a leg down and stays there. The fist 4 year funding model was poorly chosen.
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There is a market for ZEC and its one of the best positioned coins to attract retail clients. This is where I think you are plain out wrong.
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The development in ZEC has been excelent, there has been no major delays in the roadmap and there have been no major incidents during ZECs life of 3 years. In my opinion it was a bad mistake not to develop a functioning wallet for release and to leave that to the community but whats done is done.
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This is true but this changes quickly in bull markets. Always remember the market doesnt care at what price you bought and what sacrifices you are making to buy. For every point of time when someone sells with all their dreams crushed there is somebody buying and that somebody could soon be smiling.
I’d add a 5. point to the list, i.e.
5. forum and community are almost dead.
This means there’s low interest in general and this is not good news of course.
I hope things are going to change, but to be sincere watching ZEC so low for such a long time is a great disappointment.
Someone speaks of a target price of 300$ or 400$ but personally I don’t have any hope about it in the short and medium term.
I never had and still don’t have any XMR.
The Founders Reward of the first 4 years has about the same value as ZEC market cap today.
+1, totally agree.
Or the next one crying, lol. (just kidding!)
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What market do you think exists?
I do not mean payment for goods, this can be done with any coin, but what market for zec, given its technology, is better than others? And a market that does not run into scalability, because soon we are waiting for technology improvement and current markets will be shocked or destroyed.
The problem is that coins that are deprived of a negative background will grow faster and there will be no leader for zec, it will also grow, but not in the way it could.
An area where ZEC would do better than any other coin would be asset protection. Its one of the few legacy offshore bankings legal use cases.
Blockchains are persistant data strucures, meant to last decades and it doesnt make sense to have them unencrypted at the base layer. Thats why XMRs :“lets mix this shit up, but what if they unmix it, we will mix it a diferent way” approach will never work.
If Bob or Alice want to move a portion of their assets into a coin it makes sense for them to park them in a z address away and hidden where their future alleged sociopathic spouses or a new revolutionary goverment can find them and seize them. They dont want someone analyzing the data 10 years on when it becomes trivial to do so.
There is nothing on the market that does this better than Zcash infact if Bob choses BTC to protect his assets and is not careful a predatory sociopathic individual may link Bob to his wealth and choose Bob as their next target. Bobs open approach to finance could lead to all sorts predatory individuals and groups targeting Bob.
This is a theory, the market does not exist at the moment, theoretically there may be a slight development in the future, but with current instruments this does not seem real. I already said that the team needed to focus on the development of tools (wallets, customer service points, storage and purchase systems) and apply all this to a local project, possibly in the same Venezuelan or Brazil. Until there is evidence that the technology can exist and work as expected there will be no market.
And Zec is not a stablecoin, so no one will keep money in it. To increase capital on a growing rate, yes, so now it’s all just speculation.
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Well youre going to give me an example of a coin that has a market or even what that means if you want a satisfactory answer. If someone aska me is there a market for a good or service I want to produce that good or service doesnt have to exist at the moment. Also speculative value itself is value or people wouldnt speculate with the asset.
If were speaking about price take any coin that follows a 4 year halving schedule and find year three on the chart and check the price and its relation to the local high of that coin and you will see they are very similar.
The market has monero, small but has, also has a market and bitcoin, ETH also has its own market. Speculation does not provide value, it is also worth remembering that for zec it is important to succeed for survival, there will be no cost, there will be no money for the company, there will be no support and most likely all agreements with regulators and exchanges will not work further. Perhaps next year there will be explosive growth, but for this to happen, it is not enough just to adhere to the growth cycle until the award is halved, not all coins have been raffled in this case. I do not know what will be and what the company plans, but I see that a lot of positive news came out, and there is not one that would be an impetus to a change in the situation.
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This is not theoretical. I am aware of Zcash being used like this. See Catching up with the world - The Underestimated for one such user.
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Yes, this is a local victory; if there is such acceptance everywhere, it will be a global victory. But objectively, there are hundreds of such people, for example, 3 years of the existence of the project. There is no market, there is a comprehension of its variant of existence.
Ok please explain why XMR has a market and ZEC doesnt have a market? I still dont get in what sense are you using the term market.
Darknet uses monero. Not only her of course, but does not use zcash
This is such a tiny fraction of XMRs market cap that you have no idea. If it ceased to exist it would barely move the price.
I am sorry but all coins derive the vast majority of their value from speculation. How many people do you know that bought bitcoin because it was faster, cheaper and more decentralized than the banks?
How many people do you know who bought it expecting it to go higher?
So I’m talking about the same thing, but for zec this way will not go, speculation is not the direction for the team, and there is no other way, at least for now. A small share of darknet is many times larger than the share of zcash in the real world and on the Internet combined.
Nah, speculation is just something thats baked into crypto its not a direction that the team has taken. The halvings are meant to make BTC more expensive this is by design. I dont see what else the team can do than to deliver a superior product and do proper marketing.
And I dont mean to be an asshole, but I am so theres that, how much would the market cap be raised if one focused their efforts on one third world country like Venezuela and realistically only have limited penetration. And I am not even sure such a thing could be done. Not if the Venezuelan government has anything to say about it and they do.