You tend to be negative.
Supply and demand model work, it doesn’t require proof. Supply is reduced every 4 years, demand is growing, even if it is 33% per year - it is still demand. Halving is not news, it is a factor that has a long-term impact on the supply. If someone trades halving as news - OK, that’s their right. “Buy the rumor, sell the fact.” - here’s what happened after November 18. This was the last drawdown, and it is worked out. Just follow forward. Don’t focus the forum’s attention on the price in each branch, it just does not bear fruit. There are plenty of ways to distract yourself from negative thoughts.
Well, okay, I agree that everything is fine, and I’m not negative, I’m just concerned about an option that will not bring anything good, but let’s see who is right, you and many who tell me that I’m wrong or I’m with few on this forum, but let’s let’s designate a small time frame as a point for analysis, because it is impossible to say that everything is fine for the next 4 years (the money will run out or you don’t believe in this either?) is impossible, do you agree? I bet on a decrease in demand, a slowdown in development and a massive negative attitude towards the project from early supporters and large holders (more than 60% are in the first 200 addresses, many exchanges are simply overwhelmed with zec supply), say at the time of March, what is your forecast?
It’s not worth talking about the negativity of my thinking at all, I said that zec will go below 35 place and he is at 41, what did I do or do I just see more? Now I say that this is far from the end of the descent, in the current position the recovery is weak and the fall is strong, as I have already said, and who is responsible in the future if everyone was aware?
I can formulate my forecast very simply: we are at the very beginning of the road.
Sit and wait for a miracle, who is stopping you, I describe the problems that prevent this miracle from coming true, what is negative in this, I consider it negative not to notice the problems, I say again that I was right before that about our rating in CMC (of course, in your opinion, this is it doesn’t matter, and I was told that it will not go below 35th place, why then is it lower?) Now I am saying that a price decrease will entail unsolvable problems, can you say that the price will not fall below break-even? Now the level of work at 0 is 75 per zec, and taking into account the plans to increase 150, everything below makes the teams spend reserves, if this is not clear then what is a problem for you, you described some. But they can be solved within 6 months, and no one talks about the problem of finance, which means there will be no solution (if ECC follows the “ALL IN Zec” plan and the price does not increase until November 2021, then there will be 0 money! This is positive news, because what does everyone want?
Do you believe zec will drop to 50? Do you believe we will experience removal from exchanges next year? I was told that zec would not be below $ 250, then 150 then 50 and further, the last dispute on the forum was that zec would be 100 in early December, I made a mistake with the forecast only because bitcoin went up, and zec updated its bottom, and then twice more in a month. It’s strange to see a good situation in this, and expect that everything will work out magically.
What if you’re wrong and demand for crypto (and ZEC) increases significantly in 2021? What if ZEC becomes a top ten coin in 2021 and stays there afterwards? Will you admit you were wrong? Will your number of alarmist posts decrease or will you be just as vocal as you currently are, but in support for Zcash? I think you’ll probably just slowly fade away from this forum. But what will you do with all your new found free time?
Anton1 will become permabull if that happens
I hope so. To be clear, I appreciate Anton1’s skepticism. I have enjoyed reading many of his posts, including, most recently, his response to Zooko on the “basics of blockchain economics” thread. I just think he’s sort of hijacked this thread making the same overly negative, pessimistic points that seem to be a repetitive “I told you so” because the price hasn’t appreciated as quickly as many expected it to.
“The dogs bark, but the caravan moves on”
Of course, I admit that the plan that was not obvious worked, once again: it is precisely because of such posts that I have to repeat the same thing 10-50 times, I am not a skeptic, I am not a pessimist, but I see the situation and predict the result, you think that everything is fine, like many others and you think that it will be good, and then I add my opinion and say that what happens can have very bad consequences, I’m a realist! And everyone who said that there will not be what happened (yes, I point to the facts so as not to be unfounded) can not even answer me anything on the merits. To the point of such members on this forum who, instead of analysis, use arguments that you are wrong, period? What would I understand, write what will be good if the price continues to decrease , what is good that the project is inferior in capitalization to many unknown currencies, what good is the persistent position “without advertising and marketing”, what is good about mass misconceptions about zec, what good in the mass of forces to nowhere and further what do I write about all the time?
And still it seems to everyone that I write a lot, I see it from the other side, I do not write a lot and the rest hardly write, the forum is empty.
Wonder what everyone is feeling now …
I feel like I ate too much & might’ve drunk too much beer.
Why do you ask ?
haha, merry christmas!!
The supply and demand model and issuance of Zcash is NOT working good. Actually going with BTC’s issuance and halvings is Zcash biggest flaw, it’s wrong designed, simple as that.
If you open your eyes and think a bit about it it’s actually a no-brainer to see that Zcash issuance is wrong designed and has no benefits at all.
First of all Zcash is not BTC, using the same issuance and halving model didn’t make sense from beginning. I fully understand why it was choosen but it again, it doesn’t make sense at all and it was wrong designed from beginning and start.
It could have worked out maybe IF there was all the time enough demand, but as we all know by now, that’s for a long time of period not the case, actually it was never the case and the only right thing would have been to pull the emergency brake and change issuance, halvings, whatever to ensure issuance fits or is near demand.
The main issue is that the biggest issuance of Zcash is while the most Zcash goes to the ECC/ZF and now the MCG fund. It just doesn’t make sense that all funds for R&D are issued at lowest prices and highest issuance at very low demand.
Again, it’s a fundamental mistake to go with BTC issuance and halving, it’s a fundamental mistake to compare Zcash with BTC and it’s an even bigger mistake to hope Zcash goes the same path as BTC, as it will not happen.
Easy and simple as that.
It’s just your point of view, I don’t agree with it. I read absolutely all your arguments earlier, they do not convince me.
No need to convince you, time will tell and so far time has told i’am absolutly correct by now.
My prediction some years ago was that Zcash will loose more and more ground compared to BTC, today we are at 0.0024. That’s a fact and not just a point of view.
Kek, one of the main supporters here for Zcash his own suggested a change in the emission curve some time ago, but this won’t happen anyway no matter it was the only logical thing to do to keep things a bit more balanced.
Zcash tech is superior, no doubt here, but everything beyound that is just flawed from A to Z and the result will be inevitable further loss to other currencies that might have less tech, but a better all around plan.Unfortunatly of course.
Unfortunatly as well as the Zcash community & ECC has the unique characteristic to outlaw people that adress concerns, wrong doing, wrong economical designs, etc…
Actually i forgot to add something very important. The longer this unfortunate emission curve continues the more we will drop further down the road. The more we lose against other currencies, especially BTC, the less investments will be made in Zcash.
Having in mind that Zcash is one of the best funded currencies for development, the tech is strong but the currency itself is falling more and more itself proofs that something is totally wrong with the emission curve and some other things, it’s indeed as simple as that. All the numbers talk for itself, enough someone opens his eyes, it’s a no brainer.
I’m writing a big article about why the price went down. Someday I hope I can finish it. All the reasons are purely technical in nature of the POW model and are related to the technical improvement of the mining method in Zcash and in no way related to a decrease in demand. Yes, this sounds unconvincing, for those who are not engaged in Zcash-mining for more than 3 years, but believe me, I know what I’m talking about.
Yes, the most important thing I forgot to say - the current generation of chips used in Z15, although Bitmain keeps it secret, but it is 7nm-exactly the same as in the S17 and s19 devices. most Likely, we will wait for the transition to 5nm in the near future (2022) and this will reduce the cost of production of ZEC again, but the growing hashrate compensates for this. I will not give investment advice again.
https://bitinfocharts.com/ru/comparison/mining_profitability-price-zec.html#log
Explain this to all coins that went up with the same improvement in mining (because coins with Asics are no longer a new trend) The economy is important here, if it is not there, then the currency is getting cheaper, zcash has frantic inflation (not to confuse output with inflation), because everything in zcash does not allow increasing the purchasing power of the coin, the further the more coins are needed to buy the same product. About the expected season of altcoins, I can disappoint, the likelihood that it will not be extremely high, because, unlike in previous years, large companies’ money is now entering bitcoin and they will not buy altcoins after the bitcoin correction, but will simply fall down, while altcoins will lose the price!
Because the viola holders will leave to save at least some funds. If you have been mining for only 3 years against my 8, then take and calculate the income per dollar of invested funds and be surprised that according to this indicator the price should go up and not down.
Well, I repeat that the supply in zcash is fixed, the release is not important, but the demand is important, at the threshold of launch the demand is high due to expectations, then this demand needs to be increased and in zcash it only fell, because there is absolutely no real use of zcash in the real world, all that is are theoretical layouts, in many other currencies (such as monero, ether), the demand is growing, both practical and theoretical, so they show a different dynamic. The delusion of the team and many supporters will lead to problems, but not in this one and probably not in the next year (although if the price drops to $ 45 and is held for six months, it may be in the next).
I agree that the mining change plays it’s role too, no doubt here. While in the early beginning i was a hard-asic supporter i changed my mind very fast on this one and regret honestly my stance as it was a big mistake to switch to asics. But it’s not the only point.
I’am as well willing to agree (even i didn’t check or research) that demand did NOT decrease, the emission curve is just too high for the still low demand.
What i don’t agree is that ALL reasons are of technical nature, that’s not the case, it’s a miss design done in good faith but illusional thinking when Zcash was released then back that it will follow BTC paths what never can and will happen, actually very unfortuatly as i’am NOT a BTC fan.
There are much more issues that impact price directly or indirectly and nobody can convince me other than being the emission curve the main reason. Everything else, like asics and POW instead of switching to a POS that favours holding ZEC is just a mistake. But the list goes on and on, bad to no marketing skills, badly choosen founders reward, very bad communication, compromised voting panels, you name it. All this gives Zcash a handicap and bad touch, but again, the main issue in my researches is clearly the wrong and bad choosen emission curve and in some more years, latest within the next halving in 4 years i hope even blind Zcash chearleaders agree to this by then.
ASIC it’s not GPU