Monero again gained versus Zcash, now $9.4 ahead, mostly tomorrow or next day to be $10
11 days to go and see if the earlier mentioned golden cross and $100 ZEC prediction happens in which i have 0 faith and believe. Right now: $57.73. Still, 1 cent better than yesterday
Meanwhile 0.00950011 BTC for 1 ZEC. Free fall! Only 0.0025 away from my prediction.
Meanwhile BTC passed $6,000. After realizing a week ago that most coins won’t follow BTC at the same pace i increased my BTC holdings from 50% to 75%, so far it turned out to be a good decision. Morally it really hurts, as i don’t like BTC, can’t see anything good in it, but business is business.
Wondering what made BTG increase that much the last days? Anybody any idea. I called it the titanic coin in the past and i still think it is, but still wondering what made that coin increase in price these days?
Another real low volume ZEC day today, even the fake volume exchanges don’t fake much today…
Suggestion: Maybe we should change the titel of the whole topic according to bearish/bullish? When we are bullish using “Radical to the Moon” and when we are in a bearish trend “Radical to the ground” or “Radical back to Earth” title?
uhmm, didn’t you say 2 or 3 days ago that ZEC price/charts versus BTC don’t matter?
What happened with the golden cross chart? (Seriously, i don’t follow the ZEC/USD charts so i indeed have no idea!)
Just kidding and provoking a bit, don’t take it too serious please. Nothing else to do left in this topic!
I said it makes no logic, no pattern. I didn’t say that it doesn’t matter. Golden cross will still happen, but now 100$ is worth less of BTC that it did the other day. And BTC could go further up…
Still, your prediction was that ZEC goes to $100 in latest 2 weeks and BTC/ZEC will adjust accordingly
So you shouldn’t be worried at all. If your prediction comes true BTC price will adjust … maybe … or less maybe … or not at all…
there is a good chance it will be even worth less in BTC the next or other day, but who knows. In my opinion BTC is good to go as far as $7,000-7,500 the next weeks, but no garantee either.
I just wonder where the usual “good time to buy” or “now is the moment to accumulate” posts are …
I absolutly understand you very well and that’s why i wondered you claimed that BTC will adjust to ZEC once it hits $100. Means, or at least it sounded to me like once $100 are reached BTC will fall versus ZEC and adjust. In case i missinterpreted that part, sorry mate, no bad intention.
I personally had no doubts that my calculations/charts/predictions are just that ZEC will loss a lot versus BTC, hence i don’t hold any (uppss, only some 0.04 ZEC “moon savings”)…
By BTC price will adjust I meant exactly this Zec/BTC price will correct so that if it happened today 100$ worth Zec would only get 0.0163 BTC, few days ago while BTC was 5800 it was 0.0172, and while BTC was 5200 it was 0.0192
people just need to be patient. we still have loose chips that need to be dealt with. selling ZEC when up 1% on the year for another alt that’s +50%-100% on the year is bad trading. this will become more obvious over the coming months.
Ok, lets try to think. Facts: ZEC falling down more than market (BTC and USD). ZEC sells by miners but noone wants to buy it, why?
Who use ZEC: early adopters (miners, traders), currency users (after mass adoption). Miners - ZEC lost of GPU community members and not covers it with a ASIC newcomers, because of cost of mining equipment. GPU community not sold ZEC so much because early miners believed in crypto and wanted to be a part of the future. And now they disappointed because they still think they are part of ZEC and they not accept these not good changes. Love is changes to Hate! Traiders - As ZEC is not volatilitie it is not so interesting for traiders. As it is oversold it coud be interesting for longs, but the bottom is unpredictible for ZEC due to constant falling down and high inflation is not good for long term holding. So only chance is news about technology that could rise the price. Mass users - do you hear something about ZEC not in special places/sites/forums or from non-geeks? Youtube? Instagram? Influencers? Business? Would you recommend to your “not cryptoworld involved” friend to buy some ZEC? Do you think bull market will fix it?, partly yes but where will be ZEC on that time?
Whats wrong with a price:
Let’s assume that we don’t care on price so in the future ZEC will cost pennies,
is it good for ZEC mass adoption like a currency? - don’t care, because you can buy micro parts of ZEC now or even when it have high price.
is it good for pro traiders? - don’t care, because for traiders important volatilitie, not a price.
is it good for founders? - don’t care, sure they already back their investment. If not - where they are in this situation?
is it good for miners? - no good, but miners are still above of cost priceline, taking in consideration continuous selling from ASICs. Mining even could be profitable only for industrial miners.
is it good for developers? - no good, because free support in LLC company will not work and the coin could stop to develop.
Persons who suffers from price reduction - are early adopters - holders (include GPU miners) and developers. Persons who invested their money, work and time in ZEC and gave real value to the new coin, still believe in it, but nothing is eternal. A line of confidence is almost overcomed. If they gone who will push ZEC into mass? ZEC marketing dept?, lol.
or I guess there could be a bug that unlimited ZEC selling in the market…
