Bitcoin Forum

Looks legit folks! ;D

Correction now at 954 BTC on polo

Just hit 2k btc WOOWWW

now it hit 3k btc
and this coin overprice

and now its 45btc, lets make a crowfund for the guy who bought at 3299BTC    :D
more coins coming in.. price is droping..

rates here https://www.cryptonator.com/rates/ZEC-BTC

why is it priced like this,what is happening here,this is a new coin like monero and why is it priced like this. is it possible to trade with this price.is it possible to mine this coin

because it's day one and there are hardly any coins. throw in ridiculous hype and the hunger to pump any old piece of crap and away you go.

you'd be certifiable to trade at this price.

I think mining has started but I dunno.

Yeah, mining has started but the rewards for mining are really small for the fist several days. Only like 100 coins divvied up worldwide. Price will continue to go down, but won't crash until maybe a month later.

(As I said in another thread)
Its like the first day a new PlayStation comes out.
People will list them for sale on eBay for $10,000.
Maybe one rich guy buys it, but it will take days and possibly weeks for the market to settle and the real price to be determined.

Now at 10BTC per ZEC. Whoever bought at 3kBTC per ZEC is feel pretty smart right now.

1 ZCASH constantly changing prices
and now its 9.15 btc=1 ZCASH
check >>>
https://www.cryptonator.com/rates/ZEC-BTC

Exchange   Exchange Rate   24h Volume
Poloniex   8.71719024   
161
Hitbtc   9.30000000   
12
Kraken   14.00000000   
5
Bittrex   10.05438351   
4
BitFinex   11.00000000   
< 1
Bter   12.49490000   
< 1
Total 24h Volume   182 ZEC

Yes it is great amount for new coin on poloniex, but we must always be careful because it is still new coin. I will wait until 3 or 4 months later because there are no people who give guarantee the coin will be survive on poloniex, but today is good time for trading this coin of course with small amount of capital just manage money.

this coin remainds me on aurora coin it was lauched like that
anzwaz expect that price go under 1 btc

This is another high level of stupidity in crypto, buying a coin that is only banking on potential and that also can easily be fork by any Joe is madness of the new order. No fundamentals that justified that insane price

Yeah in my opinion i think it is a bit risky to try invest in this as we know alt coin has a problem with stability and as i can see the price for this coin is very expensive, it even bigger than bitcoin price,even though in the article said that they offered a really private transaction which only can be view if you got the correct key, but i still think that it is too risky too invest

I don't believe that someone invest at this price, this was just a pump and dump where some people made money and others lose their money.

Anyone actually buy this?

I guess if you have two coins of zcash you will be rich. honestly, I do not think that there is a coin that has a higher price of bitcoin. I guess if zcash develops, people will start looking zcawh of the bitcoin

The hype was over relatively quick.
Zec has reached 7btc per coin on Poloniex this afternoon.
I am really wondering if somebody has bought it at 2300 btc per coin.

7btc for one measly coin isn't hype still? you're hard to impress. I don't understand why anyone's buying right now. selling makes a whole lot of sense.

700? cheap zec!
someone paid 3299.99btc PER ZEC at poloniex yesterday.. the buyer must be hanging himself right now.

lowest today was 2.08  :o

What does it matter what the per coin cost is ? It just means it will be broken down into smaller amounts. Though I do get that it is strange a coins is worth more then btc but it is probably more rare ? Or like the guy a few posts above said about how the price is for when a new console comes out.

do you guy remember 42coin, the value was crazy, i remember 1500 btc for one or somehting, so having this high value is nothing special, it mean that the supply is very low for this coin

that was the whole point of 42 coin. there were only ever gonna be 42 of them. a fun gimmick if nothing else. the z people really should've upped the supply or had a significant amount ready. this is making them look silly.

I think it was a marketing move from Zcash team. I don't think people are that stupid to pay ridiculous amount of money to a trash. It's still way overpriced, it would down %10000 for next 7 days. When the hype is over only buyers will cry. Make money out of thin air, brilliant idea!

about 3000 btc ... I see volume ZEC - small , i see volume BTC - small.  I shure, was 3000 BTC * 0.0001 ZEC many times (specially trap for novice, and scum course of ZEC). volume BTC - 238, volume zec - 0.11  .

18:35 28 OCT    Vol btc - 83.484   Vol zec - 0.1718   ????????

. If volume BTC - 238, why volume ZEC - 0.11 ( see 28 OCT 18:50) ???   3299 BTC * 0.11 ZEC = 330 BTC ( why was 238 ??? )

 Therefore - was 0.0001 ZEC many times . And, may be, used false accounts. Trade from one account to another - one user - DEVELOPER ZCASH.

May be - it's - Joke poloniex... Peolpe see price, but they not see Volume ...


For example
                                         Price                  ZEC                 REAL PRICE
2016-10-29 22:43:29   Buy   3.21228484   0.00000542   0.00001740


PRICE - 3.21 BTC , BUT real man paid 1740 satoshi

The hype for this coin will settle down in a week or even less, what with this coin being dumped and rebought. Pretty much a revived 42coin, albeit with higher initial volume and more hype. Expect the price to go in a similar fashion to 42coin; there's just not much else to do with it except for the enhanced security it has over bitcoin. If it even survives, which I doubt it will, the price will be around or lower than 1BTC.

This is exactly what Zcash reminded me of. 42coin was a silly coin that had almost no real features and it was just worth a lot because the supply was so small (Just 42 coins)
Supposedly I think zcash has some new features in comparison to scrypt/bitcoin coins.

It looks really crazy.

But honestly I start to think that it is a ponzi scheme,there is no way that the mining costs are that high to produce a single Zcash.
I hope that the price will be stable soon,as I really like the idea of zcash

I think if person paid 3299 BTC per ZEC, he has some hope in it. If not, than you must be crazy to pay 3299 btc in something blindy. Imagine how much money is 3299 btc. I think there will be something because people won't put such huge money on it. Now exchange rate is 1.83 BTC and I think that person is really hanging himself and also I think this Zcash will be scam thing.

I'm almost sure that that "buyer" was also the "seller", and just bought his own ZEC with his own BTC, to make a buzz.

Yes, most probably as a bait. What is the use of higher prices when a new coin just promises only some anonymity where many coins has offered the same levels on it. Price of an altcoin may get dumped over night. An altcoin namely 42, hit cryptsy with the price of 2000BTC, but over days dumped to below 500 BTC.

this may be true I mean this was obviously a trap for all who wanted to make some fast cash interesting was that I think most lost
I mean I wouldn't pay this much for coin no way

Thanks goodness, the Zcash madness is coming to an end

0.69964261 btc each still is a good price to dump. I'm not familiar with the coin but I would like to think zcash would be useful for its holder.
I'm just too late, its only now that i joined a signature campaign and saw there are a lot of money to earn in crypto. If I just have about 10zcash while its value is 8btc each, i must have dumped them all for btc.  ;D

Panic dump right now... I'd say that Zcash will end up like Sync tbh, settling at around 0.2-0.4 range.

It may depend to zcash usefulness to which i know nothing about except that it offer untraceable and anonymous transaction.
But if that is just it, i guess it will go down to 0.0020 in the end just like how monero was for a longer period of time.

lol he must be. 3299 btc is a life savings people are already committing crimes and scamming just to get a hundred but he just gave it away.
I hope he knows what that zcash can do because I don't.

lol, this coin has all the noobs confused because they never seen a pow distribution in their life - all they know is ico scams

so you being an experienced user why don't you shed light to noobs like me as i am not a grand dad when it comes to virtual currency

Sure. To put it short:
Genesisblock was mined 2 or 3 days ago. This means there are almost no coins created yet.

Supply and demand make price. In this case supply is more volatile over the next 2 months than demand ever could be therefore supply will dominate price.

It is in your own selfinterest to take a very close and hard look at the mining payouts the coin generates and do some numbers. Use your brain to try to predict how the scheduled inflation could impact the price.
Not knowing the exact emission is a fly by night operation.

In zec the rewards come with a little twist during the first month - very important to know.

ICO-coin means: coinsupply is created from thin air at the push of a button. It's not trustless. You have to trust the dev to not buy his own ico (think about this).
Pow-distribution means coins are created in a decentral manner by mining only (instead of centrally issued like ico) - so in the beginning no coins are mined and more and more come to market.
Emission will drop in zec like in bitcoin every 4 years by 50%

Crypto is nice because if you understand moneycreation policy in the coin, predicting markets becomes a whole lot easier.

Some people go as far as to analyze the blockchain and movement of coins on chain to try predict market moves ahead of time.

In crypto all fundamental numbers are public knowledge and easy to access - that's why it's easier to trade than stocks for example.

Just sink your teeth in the miningrewards and how they pay out over time and try to create models from it for possible pricemovement. It helps a lot. There is also tons of data of older coins available to learn from. It's not new.

In the end of the day handsome profits can be made for good traders because it's roughly predictable how things would play out.
You just need to be a little bit smarter and act better (be better educated) than the majority.
To trade successfull longterm you need some kind of information edge. Try to get the edge by knowing about moneycreation in detail. It's an option.
Lots of people have that particular edge - if you don't have it you're having a real hard time with the market in my opinion.

Supply creates the price just as much as demand does - sometimes even more. If you break it down to most simple level: there is only supply and demand in the market - nothing else.
Understand inflation (supply) as it's the lesser understood force, that is all. Every fool understands the concept of demand but supply needs some knowledge and thought.

Don't ask links, use google.

This is the most retarded/insane/crazy thing I have ever seen in the world of crypto and I have seen a lot of shit.

Can somebody explain me why is this so high? It's still higher than 1 BTC. I mean the crash was insane, but it's still to high. It makes no sense. Did anyone buy at those high prices? What was the highest ZEC sold ever?

Edit: I just saw this post above, will read later.

i remember there was 5000 btc price for 1 zec at start .. what a price omg .

There was 3300BTC price per 1 zec at Poloniex. This was hilarious :D

Zcash was the most valueable coin for 2  hours.

At the time of launch at poloniex, it was trading for 6M$/1Zcash.

But as you can see, the prices are just going lower and lower now, I guess it will stop decreasing at price when it reaches something around 10-20 $.
We can't expect it to stay so high for long.

Give it a few weeks and i guess it will go under that.
Renting hashpower to mine zcash was also ridiculous high around the launch.

We went from 700 to 0.8 BTC, then now we are at 3.5 BTC, what does this mean to me? Well to me this means we are going to 0.1 or something like that, but of course we may continue pumping... im too scared to risk my BTC to be honest.

No, actually you are wise not to invest your bitcoins.
It will can be suicidal for an emerging trader.

Agree, this coin is so hyped, why would anybody buy at such a high price...

Mining vs price is not sustainable in a month or something.
ZEC is just the best way to lose cash IMO now.

ZEC is like Monero, and Monero is 5$ worth

even 50$ would be too much