Dev should fork his coin. The business model is not working... reduce the max number of coins per block to 5 ZEC... and price will already jump back to 2 BTC...
I wouldn't be surprised if something like this happens. "Now only 21 thou coins to be mined instead of 21 mil! Best crypto evers! Roger Ver! Pump, pump, pump!" etc... |
|
|
|
The supply is growing continuosly so imo there will be a few pumps but no stable price increasement.
Indeed, that would appear to be the programme. |
|
|
|
You can't use the charts in this case. Major reversal is in play with underlying issues that cause the decline.
The fundamental reason that Steemit/Steem has took a beating is being corrected. Folks thought the inflation rate and steem power, steem dollars and lock periods were setup in a way to benefit the founders and not others evenly. They are making massive changes to all the above, if no issues are found in the new code. They are hard forking those changes into effect 9 days. That's the reason why it's up over 100+% the announcement was made in a blog about 1 day half ago. Not a lot of people are aware of this pending change yet. I expect steemit to continue back up as more people find out and get closer to the hardfork. Speculation thrown around is Steem back up to $1.00+ usd. Steemit IMO is being accumulated , I've seen other members say they will continue to buy up till the hardfork up to 50 cent level. The price predictions are opinions and speculation so take this info accordingly.
Dollar plus seems excessive, but I could envision it maybe tripling before the change based on FOMO. Of course, the change won't be as great for price as hopefuls would wish. The three-month power down means a lot more coins can hit the exchange, and the reduction in inflation means it makes a lot less sense to hold illiquid SP rather than liquid Steem. |
|
|
|
Then you haven't read my topic carefully. one site is an affiliate? what a joke.
Xinhuanet.com is an affiliate site of Xinhua News Agency. It says that in their Wikipedia page - or do you not read so carefully yourself? |
|
|
|
only if you read my topic carefully.
I see that one site is an affiliate of Xinhua, so you evade my poison dart this time. |
|
|
|
Thanks. I opened it up, and I will try it out for a while (at least while bitcoinwisdom remains down). I am kind of used to the interface on bitcoinwisdom, but you never know, maybe I will get use to this different layout?
Yeah, I still prefer Wisdom's interface for BTC. Cryptowatch is good for a backup though. (Man, if only Clark Moody was still going  ) |
|
|
|
Care to show us where young grasshopper, because I looked at Xinhua's site and there's no mention of this? |
|
|
|
Any suggestions on a decent and comparable alternative site for watching live changes in trade volume?
cryptowat.ch without a doubt. It's kept up-to-date with new exchanges and coins unlike Bitcoinwisdom. Only thing it lacks I think is a Houbi ticker. |
|
|
|
If you believe that a presidental election won't make a dent in the price of bitcoin you are in a dreamland of bitcoin as the only currency in the world and the "btc is all there is" type people's eyes only.
What the hell, blasphemer! Bitcoin non plus ultra! |
|
|
|
Dan and Dantheman and Ned accounts made final deposit after stopping power down into Poloniex, maybe getting funds to start a pump. Gotta thank em, made me a nice little btc profit there. I thought they'd just pump Steemfest, but lo and behold they're changing the mechanics to try and get a superpump! |
|
|
|
What is the technology behind zcash?
A potato. |
|
|
|
What does it mean by prorated?
Considered proportionally. If a 120-day mining contract cost 0.125 BTC, and in say 5 days you mine 0.01047092, then your break-even is ( 0.125 / 0.01047092 ) * ( 5 / 120 ). n.b. This calculation assumes a constant hash rate. |
|
|
|
When there is enough supply in a few months, the ZEC price will reduce to between 0.1 to 1 bitcoin.
A bit optimistic? It's in that range now and there'll be around 100 times more coins in a few months. True value is determined through cost of mining. I have a 10 Sol/s contract for 4 months with www.Zcash-Miner.com which costs me 0.125 BTC. I am mining since Genesis block and mined 0.01047092 ZEC so far. So, true value of 1 ZEC right now should be 0.125/0.01047092, i.e. 11.93782399 BTC. As more coins are mined, true value is expected to go down and settle at 1 BTC. Whatever value is shown right now on various exchanges are result of trading. Your calculation needs to be prorated. It is pointless in any case, as market value determines the cost of mining not the reverse. |
|
|
|
I rememeber how it dumped on the btc market in 2013 to then alltime-lows only to go to 50$ a week later. There are a couple of things to note there. Firstly, when it broke its previous low around 0.02, it continued to lose over half its value before bottoming out in Oct/Nov. Secondly, the bottom was a capitulation on high volume. An event indicative of a turnaround. |
|
|
|
I'm going to sit on these coins until i have a better idea of what ZEC has to offer.
Do you guys not understand dilution? |
|
|
|
|
So, flash crash and rebound or a longer downturn and another round of consolidation?
|
|
|
|
Lol I'm beginning to believe my own shit in this thread, I feel like nostradamus.
You said it seemed it wouldn't go below $10 a page back, so I wouldn't start crowing too loudly. |
|
|
|
Steem fest Amsterdam nov 12 Sounds like a good excuse for a pump. |
|
|
|
Why only 6MM? If you buy on Chinese exchange they'll probably sell another BTC16MM to you, you know as long as you don't try to withdraw it from their exchange
lol  |
|
|
|
zcash will back in 300btc  And I'm growing pink, and claws, and will turn into a lobster. |
|
|
|
|
Show Posts
