Zcash Price Declined

Hello guys

seems like zcash keep declining . around 36 USD per coin now. But i am still believing in Zec...

any words guys?:slight_smile:

1 Like

Yes,if u have patience ,mid-long term thinking and trust in this awesome coin u can see 1ZEC=1BTC

4 Likes

0.035 BTC per ZEC, where is the bottom?) Miners generates new coins, but they don't need anybody, until Zcash become popular and integrated in payment :wink: Or Zcash will die. It need more commercials

4 Likes

I agree for sure that the zcash team is lacking marketing and integration.

5 Likes

I've been wondering what has kept the price of ZEC so high - how is it that demand has been increasing in sync with coin production to keep the price relatively stable? I suspect the coin price has been kept afloat somewhat artificially but that proper market forces are starting to assert themselves.

3 Likes

i hope mr @zooko can explain for us about it. :slight_smile: he knows everything what he working with.

hopefully some words from him..

thanks. :slight_smile:

1 Like

For a 3-month old currency having same emission curve as Bitcoin, 35USD per coin is still massively overpriced. This situation is caused by initial hype and constructed scarcity (mining slow start).

Reaching 500 USD for a botnet-friendly coin is impossible in 12+ months.

Zcash is surely technologically advanced, but it also has a major technological disadvantage for not being a trustless currency. This is huge turndown to public adoption.

6 Likes

This coin is a dog. I am going to turn off mining with my next .01 Zcash payment. It is not worth the wear and tear on my processor.

2 Likes

Are you sure the coin is a dog or is it that you failed to make a serious investment in your mining equipment?

1 Like

Market cap has remained about steady around 15th to 18th largest cryptocurrency. My guess is that the price is dropping as the number of coins mined increases. I see this a somewhat positive. If it becomes possible to identify a bottom...good time to buy.

1 Like

currently the coin increasing and the price decreasing. But what i am thinking is the price shuld be increase. 3 months old coin . Soon i hope this coin able to use at ebay or amazon. Since the amazon is one make the sponsorship for this coin. Soon we will see this coin at amazon. :wink:

https://steemit.com/blockchain/@juansgalt/zcash-futures-at-2-2-billion-market-cap-is-it-s-technology-that-good-report

1 Like

I think it's really important to zcash growth to have windows versions and especially wallets with z-addrs available. I'm happy to see that radix42 has just released a windows port and I'm looking forward to using it soon.

Another factor in zcash growth will be general confidence in the reliability of the system. That will take time. Of course also nothing succeeds like success.

4 Likes

You must be joking. There's no confidence in number one crypto currency which is bitcoin. It rises and drops abruptly (say up to 15%) in the course of dozens of minutes, and you're talking about the trust in the currency which most people (even those who have an IT background) have never heard of.

Zcash will continue its free fall in the foreseeable future. It hasn't taken off yet and I don't see it happening any time soon.

2 Likes

Who is buying Zcash ? I'm mining it... i'm selling it for btc it's why price is falling not enough buyer. But they are nothing to do now with zcash. Maybe in a future i'll be wrong but now...

1 Like

till now, zcash payment by z-addrs is slow and this aspect seems not priority for the zcash team devs. In other words the team devs is not interested in massive use of zcash for now. But they could have to planned also that 'standby' period. I'm loosing money mining since January...

1 Like

What do you mean by loosing money ? As per https://whattomine.com/ zcash is the more profitable yet...

2 Likes

one rig with 2xR9 390 and 2 x R9 290 and just 3.2 ZEC/month

1 Like

Take the price right now... 32$ US * 3.2 = 102$ US

R9 is 300watt average so 4 * 300 = 1200W/h

In Canada is 0,08$ for 1000w 1h.

s0 0,096$ for your rig for 1h
x 24 x 30 = 69$ / month

Your are doing 33$ a month... it's not a lot but you have only 4 card....

For me in Canada i mine in US dollars but 1$ US = 1,30$ Can And i have 8 card... So it's more interesting.

1 Like

Dear Miners,

Actually i have 5 fulls Rigs , 6 AMD RX 480 1400k/sols each one on ethos claymore working very fine with nanopool.org , all its good except, price decrease for Zcash , please i make called all miners to hold a bit zcash and not sell this very cheaper , it only decrease more fast the value on the market .

Really i love Zcash and want this More biggest every time .

Thanks all comunity

3 Likes

It doesn't matter if miners hold or sell. If they sell they're just miners, if they hold they are also investor by buying from themselves with the price of their mining cost. Basically, market need roughly same amount of money to absorb newly mined coins regardless of miners selling or not. Price is going down simple because market can't absorb 7200 coins daily at 30 USD a coin.

2 Likes