That’s exactly how it works, everybody and his grandma is investing in BTC, unfortunatly of course, but that’s how it is and how it works in economy. Again, a no brainer.
Let’s check it out in a year.
What does the GPU have to do with it? The calculation is carried out per unit of funds spent, ROI (time spent on return on funds), and so on. Now the return time has increased, which means that for correction, you need to increase the price of the coin, that is, with an increase in the network speed, 1 dollar of spent funds brings less per unit of time, and significantly less, how much is left before the exit to 0 for z15 are you aware?
Of course we’ll see, in 2020 many who argued with me looked and left, what will you do if the situation gets worse in a year?
Sure, my prediction BTC/ZEC 0.0015 - 0.0021 BTC, bookmark this one
And btc at 150k
Edit: That makes zec price 225$-315$
It’s entirely possible.
BTC / ZEC 0.0015 - 0.0021 BTC?
If bitcoin is not 150,000, but for example 20,000, will the zec price be around 25-40? Or if bitcoin doesn’t grow then zec will start, that’s the plan?
Then you will have to look again at next year, and this is what I am talking about, at such a price there will be no opportunity to pay salaries to developers, because the remainder is now around 7.1 million for ECC if they did not work negatively at the end of the second half of the year.
I suppose the bitcoin price may be below 20,000 after the correction, and then the situation becomes even clearer, so when we talked about next year you should have had in mind not such a “pessimistic” forecast, but something higher, otherwise why are you such a pessimist?
Hi @boxalex - I will bet you $1,000 USD (paid in winner’s choice of crypto) that exactly one year from today (Dec 27th) ZEC/BTC is higher than 0.0015 - 0.0021 BTC.
Hey boxalex, long time no see!
I’m not sure about that. We could see a bottom forming on ZEC/BTC pair right now. OBV showing bullish divergence with price. According Messari, Binance has the most “real” ZEC/BTC trading volume. We see on the chart that volume has slowly been increasing here, equal selling and buying. BTC is at an ATH, not sure if people are scrambling to sell their $BTC for $ZEC.
I won so far on this forum bets for over 6k and got so far exactly 0.00 US paid. Seems everybody is eager to bet but nobody is than egear to pay lost bets …unfortunatly.
But i take your bet of course. There is not a single indication that makes me believe Zcash can gain against the strong investments made into BTC.
Edit: No idea why part of my post has some strange font. No intentionally!
Great, deal. I will pay you the $1,000 USD in your choice of crypto if I lose. Thanks!
I agree with you, but there is one BUT: Now demand is lagging far behind, and supply is increasing, and for zec to grow, it must overcome future pressure from holders, with a slight increase in the market, profit / loss will begin, and a strong rollback will go down, and it takes time to form a balance, and if there is a correction of the entire market even with the current demand, I don’t think zec can go up when everyone goes down. The problem with zec, as Boxalex said, is that there is a coincidence of halves of the reward: when bitcoin is up, everything is down, when bitcoin is down, everything is behind it, and flat does not coincide with the accumulation of zec, so zcash simply does not have time to grow because all the money is in bitcoin. If zec has its own capital, then the option with growth is possible.
But for this you need to constantly increase demand and attract capital from large players, work for the image and engage in advertising, but this is not.
Demand for zec: shades of gray stopped the inflow of bitcoin and ether because there are a lot of people who want to, and in December, zec has an increase of 0, even after stopping, no one wants this asset, but holders are waiting for a price increase to go to 0 or a small plus, these are future sellers there are now 10.7 million such potential sellers on the market with 1 zec.
to change the situation, we need an investor (preferably a large company) who will buy openly and put in a lot of zec for a long time, this will give confidence to buyers, then we need to advertise the advantages and theoretical applications that will be 100% during 2021, then we need a team that will analyze the market, and will reveal the potential capital that is in other coins, then there is a comparison and an attempt to entice it, then several more companies are needed, but not with purchases, but with use, and this is needed until July 2021.
I only see a never ending down-the-hill on BTC/ZEC with only some small, very temporary spikes for ZEC, nothing else, nothing more, nothing less.
I’am pretty sure that when/if BTC drops again many people will use the stable coins to avoid loses and jump again onto BTC when a new uptrend is in sight. It doesn’t make sense to exchange BTC to ZEC. It makes some sense to buy ZEC with USD, EUR, GBR, you name it, but not with BTC, hence i’am absolutly confident the BTC/ZEC exchange rate will fall further. Again, this is unfortunate that BTC dominates that much, but it’s the unique “first came” bonus they have and ZEC doesn’t have.
Too many instituonal financial firms are backing BTC by now, it’s mission impossible for the next years that ZEC can gain against BTC. Just my personal opinion of course.
We don’t know that and there is really no evidence to back this claim. $USDT was the only stable coin around during the last $BTC bull run. $ZEC is on the verge of some significant breakthroughs in cryptography. Pretty soon the backdoor meme will vanish and rightfully so.
This could be one of the biggest financial trojan horse in history. First it blows my mind why institutional firms would gamble other people’s money when there’s mysterious holder of 980,000 BTC. That to me is a ticking time bomb. Also, the strange correlation between minted/printed $USDT and $BTC is also concerning. Ultimately, institutional firms would be dumping $BTC for $ZEC as they become more and more irrelevant.
Why for zec (has a low capitalization and negative coloration on social networks), and not another coin from the top 20? Just believing in something is not enough, until this moment everything said that money does not go from btc to zec, until zec increases the demand for itself, it will lose in price, and think that this is something someone is doing on purpose without thoroughly. Remember the coins from volume 15 of the 2014 period (only Litecoin remained)? zec was in the top 5 and then went down, and according to the theory that emission affects inflation, that means capitalization with an increase in the number of coins and a decrease in price should not change much (multiple of the issue), but it turned out not like that.
People invest in bitcoin with its shortcomings, if not into it, then the money will go to ether, litecoin, and some projects from the top 10, as it was before, then at the expense of them they will pump up one thing (I think ether), it will be so if do not add zec to the top 10 (no one large will invest in a project that was in 5th place and became at 45th it is simply not prestigious and dangerous, because he could not stay in the top ten, which means that something is wrong with him.
I don’t pay attention to coinmarketcap rankings. it doesn’t matter. All that matter is the technology (and funding) itself.
It didnt matter with web-browsers:
It doesn’t matter with Tech Companies:
Didn’t matter? All your examples were pulled out at the expense of the target audience and promotion, people were given what they wanted and people could somehow find out about the company and its products, many companies with much worse products broke out into market leaders and bought up technologies on the cheap. Better does not mean more successful in the market.
Actually not only there is evidence, but it’s a fact that the most trade pairs are BTC versus stable coins and these are responsible for the biggest part of the volume, a look on the market pairs for a given currency makes this very clear.
I absolutly agree to this, but that’ show it is currently, like it or not doesn’t change things. I’am as well NO fan of BTC. But right now the trend is that insitutional firms, banks, whatever hold and consolidate BTC and not ZEC, easy and simple as that. The more they hold, the worse for ZEC, simple mathematics.
As a sidenote, in my book it’s a big disadvantage globally that ZEC is all US based and i guess i will never understand why this has been choosen that way instead of being a real decentralized global coin.
A trademark, to own and protect is best in the country in which the owner lives.
Who owns the Bitcoin trademark and where is the Bitcoin corporation registered? Rhetorical questions of course.