Bitcoin Forum

So ive seen that the ZEC price keeps falling with a couple of intermitent increases. Whats your opinions on whats going on? Judging by the amount ive read about people mining it i find it surprising that its still falling, I wouldve thought it would be pretty stable,if not growing steadily.

Simple. Buy the dip. Snatch it from the weak hands

ZCASH (ZEC) has just been added to Bithumb a very big exchange in South Korea. When Bitcoin Cash, Monero and Litecoin were added in that same exchange, they shot off three times their values. There was just premature buying last week that caused ZEC price to surge. Two days before ZEC actually activated for trading in Bithumb, an employee told everyone he knew, got his friends excited, they bought in, price ramped up but the Korean public couldn't buy in because they could only buy in at October 1, so that stopped what would've been a huge run up.

I think people bidding to buy are just trying to get a good price and 'weak hands' keep giving in out of fear. ZEC will creep back up. Why shouldn't it? It's still as good a project as it's ever been. In fact Edward Snowden tweeted that it is probably the most secure, privacy-centric coin there is at the moment. And when people, especially the Koreans, begin to see it, they will buy in and accelerate the price to go up. If it's just as good as last few times, we can expect the price to rise at least three times, in, around or hopefully above the $800 - $900 range.

So I say get in quick if you're not in already, get these good prices now and wait for the ride.

I'm wildly speculating here, of course. I'm happy to hear what the rest thinks.

As a miner with 1060 I can tell you that even with the recently price fall I see zec on whattomine still in the first place. So I think that I'm going to stick with it or eventually move on zclassic to have steadier payments.

ZEC Bithumb bump started to show around 200-230 USD , i wouldn't be surprised if it went back to that price .

That is right. I keep on mining it now.

For anonymous coin such as XMR, ZEc and Dash, I think the best coin should be XMR which I'm mining now even with no profit.

ZEC looks like a good anonymous coin, but it has drawback on trusted setup. I will buy some ZEC if it dump back to 150$, but it may be hard.

Biggest trouble in my opinion is currently the high computational requirement to shield a transaction. Competition has different trade-offs but generally is much quicker when signing a transaction.

One month ago my rig with 6 of 1070 could mine around 1.55 of ZEC per month.
Now, it is close to 1.15 ZEC.
So, the difficulty was changed a lot.

But I would continue to mine it now.

Buy it!! It s still one of the best choices to mine these days you can see t in the first place in whattomine.

remember when you are getting 0.1 btc a day mining zec, now it is 0.1 zec a day..the irony  :D

The biggest disadvantage of ZEC is it's still profitable to mine at these levels. The oversupply of miners have led to the oversupply of all profitably mined coins making their prices stall. The mining frenzy of Spring'17 have changed the dynamic of all mineable coins, I sincerely hope Korean exchange news helps ZEC as much as expected...

It might still be too early to tell but I think it's begun gents. Take a look at the 15min, 30min, and 1 hours charts!  There's a lot of people buying in now. The price movements are huge compared to the last few bars /candles.

Well, no reason ZEC can't go back to $130. Heck, $100 is a very likely spot for ZEC to end up before it stops. After that huge spike a few days ago I have no confidence that ZEC is going up anytime soon.

Recently its price increased because it was listed on Bithumb.
Many traders are realizing profits, it's falling. These things are happening on every coin when listed on major exchange.

My personal opinion is that there is nothing special with Zcash. Except the "security" of the network size. There are many new better coins with better privacy and better code. Zencash is one of these. I've sold all my Zcash and invested in better options.

I was lucky enough for my limit order to sell and doubled my investment. Looking at the charts i think the prices will keep going down.

yep, the difficulty will be rising more and the price will be going down, because of crowds of AMD fans switching from ETH to ZEC.
Oversupply of ZEC is coming.

It would be nice to find a good alternative then.

I don't think you can find a better alternative for a "long" (i mean for week, not even for months) term...
hashrates from ethereum will just easily flood into any GPU mining coins today...
doesn't matter it's Ethash based coins like ethereum classic, expanse, musicoin, Ubiq, or it's Equihash based coins other than Zcash, such as Zclassic, Hush, Zencash, or even Monero, LBRY...
all these together are still s small fraction of the GPUs are mining ethereum today...
so just hope there would any new algo that just AMD can hardly mine  ::) ::)

what the hell you mean by "keeps falling" ? look where it was 12 days ago or is that ancient history already ?

I also have the same question... I looked at the chart and did not see how it keeps falling  ???

all the profitably mined currencies are under pressure from a staggeringly high number of people that have gotten into mining during the course of 2017. For ETH, ZEC and some dual pairs, it looks like there are currently more miners than investors. So whenever there is a noticeable rally, these coins get smashed massively by the miners rushing in to cash their inventories...

That's why it's not a very positive outlook for ZCASH when it can barely hold at 400 USD for a couple of minutes only to get pummeled back 100+ USD...  

Not enough buyers of ZCASH market cap is too low

maybe the gpu miner raise the price, but I didn't know zcash had any real economy.

Zcash economic model is nicely packed scam in my opinion. 25% of mining rewards go to 1 man for the first 4 years. That is similar to like 25% of premine :). Smart investors stay away from coins like this. I think it has no future beside P&D because supply is low for now.

My opinion is that just keep mining ZEC while ETH difficulty is too high. I switched from ETH when the Sept. 21 difficulty bomb hit and because of the recent pump and dumps, ive made a shitload more than if i mined ETH. I sold all my zcash immediately of course.

In terms of long term speculation, im sticking with ETH.

anything fall and rise about cryptocurrency is normal

hah, zcash has one of the best (if not THE best) dev team in all of crypto. 20% fee is very reasonable. If you think that the brightest minds in all of cryptography should work for free then you are seriously delusional.

Do you think its still a good idea to switch at this moment? Im currenlty @ 112mh/s on ETH but thinking about switching to ZCash.

I agree with the other posters here. ZEC will remain a viable currency for mining for the forseeable future.

For mining - definitely yes (it is most profitable now), but what about keeping it for a long time?

My opinion is change all your zcash or any other coin you have to eth very fast cause eth is about to break and hit 0.5 btc in few days. It might go higher than that. Thank me later and don't forget to thank me.

I think it is better to keep the ZCash now, the price is quite low at the moment.

Today the rate fell, grew tomorrow ... Generally I do not understand how it is possible at least something to run in the market of crypto-currency. It seems to me that everything depends on bitcoin. If it grows, it will understand the rest of the crypto currency

https://imgur.com/a/JX7tq

I found a "dynamic" barrier that stop zcash from price surge. Don't know who but, fuck this guy.

what do you base that statement on ?, Flippening was a sure thing according to some people a few months ago, ETH plummeted real fast after that...

No way ETH can increase that much in just a couple of days. Maby if all planets in the universe align and BTC will drop, but it wont since everybody wants BTC for the fork.

I don't know for him, but maybe it is because of Byzantium hard fork planned for October 17?

Crypto is in a huge correction since second half of this year. Hopefully we will come back again strong in 2018. If we monitor closely, ZEC is not the only one. This is why margin trading is bad since trading sites or whoever their financiers are needs to play the market well.

Yes Byzantium is great news for ETH. To bad alot of people are just mentioning the Chinese ICO ban. I believe the price of ETH will rise in the upcoming days to Byzantium but 0.5BTC is to much. Although I would be very happy if it did.

By that logic Dash is an even bigger scam at 45% share? Yeah you're on crack. both coins are highly sought after.