[ZEC] ZCASH - All coins are created equal. Discussion Thread (Unofficial)

[LordAltcoin]

so what are your thoughts about the Ycash fork? 

Ycash has NOTHING to do with Zcash.  Simple as that.    Ycash fork looks scammy as hell, AVOID it at all costs. Plain and simple.

Regarding Zcash, its dire for us bag holders. Price keeps on finding new lows and buy support keeps getting thinner.......  rapidly losing faith in Zcash as a investment.

Q: Was the bug really fixed?    Who could be selling coins so cheap and at big losses, unless they get them for free.
Q: The "founders rewards" weekly dumps, really proving too much for the buy support?
Q: Will $ZEC ever break this downward spiral?

[1715203562]

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[1715203562]

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[1715203562]

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[chafer99]

Was the bug really fixed?    Who could be selling coins so cheap and at big losses, unless they get them for free.

What bug are you talking about?

[mR.k0fka]

so what are your thoughts about the Ycash fork?  

Ycash has NOTHING to do with Zcash.  Simple as that.    Ycash fork looks scammy as hell, AVOID it at all costs. Plain and simple.

Regarding Zcash, its dire for us bag holders. Price keeps on finding new lows and buy support keeps getting thinner.......  rapidly losing faith in Zcash as a investment.

Q: Was the bug really fixed?    Who could be selling coins so cheap and at big losses, unless they get them for free.
Q: The "founders rewards" weekly dumps, really proving too much for the buy support?
Q: Will $ZEC ever break this downward spiral?

ye.. ycash has nothing to do with zcash and the people who run the ycash have no good reason to do that, have no known "strong" partners and have no full time devs..
price may be manipulated a little but i dont think there is something promising in ycash project

and as an investment
i guess there are a lot of new coins are released to the market everyday
it depends how you meterpret it
we can look at it as long accumulation time, keep investing until you cant afford to buy 1 ZEC easily anymore
and we can speculate about why people selling.. i think that its because many new coins entering everyday.. ZEC didnt even have 1 Halving yet.
we will see what will happen closer to the Halving and the end of Zcash Company Reward program

[Raja_MBZ]

ZEC reached an all-time-low versus BTC today, again.

ZEC has been on exchanges since late 2016. If (at any time since 2016) you've ever purchased ZEC with your precious BTC, you're currently sitting at a loss. Interesting.

[tranthidung]

Interesting findings, thank you.

ZEC reached an all-time-low versus BTC today, again.

Losses of some investors, will be profits of others. It's basic rule in financial markets, including crypto market. For someone who have never gotten losses or profits with ZEC due to they have never invested into this coin, it maybe a good time to think of losses or profits with your investment in ZEC (ZCASH).
Personally, I don't think long-term investors will get losses if they invest into ZEC at today's price. The probability to get losses is small, beyond my imagination.

ZEC has been on exchanges since late 2016. If (at any time since 2016) you've ever purchased ZEC with your precious BTC, you're currently sitting at a loss. Interesting.

[Raja_MBZ]

Interesting findings, thank you.

ZEC reached an all-time-low versus BTC today, again.

Losses of some investors, will be profits of others. It's basic rule in financial markets, including crypto market. For someone who have never gotten losses or profits with ZEC due to they have never invested into this coin, it maybe a good time to think of losses or profits with your investment in ZEC (ZCASH).
Personally, I don't think long-term investors will get losses if they invest into ZEC at today's price. The probability to get losses is small, beyond my imagination.

ZEC has been on exchanges since late 2016. If (at any time since 2016) you've ever purchased ZEC with your precious BTC, you're currently sitting at a loss. Interesting.

That's true, I'm long-term bullish on ZEC as well. Things will probably only get better from here, as the halving of ZEC is approaching. However, the "extremely efficient" ASIC miners have been ruining the value of ZEC for a long time, and I think that they could continue to ruin it for a few more months. These days, it's like "another day, another all-time low" for ZCash hodlers.

[tranthidung]

That's true, I'm long-term bullish on ZEC as well. Things will probably only get better from here, as the halving of ZEC is approaching. However, the "extremely efficient" ASIC miners have been ruining the value of ZEC for a long time, and I think that they could continue to ruin it for a few more months. These days, it's like "another day, another all-time low" for ZCash hodlers.

ASICs always bring bad things to coins, to miners. They usually reduce profits for miners (due to more dominant hashrates from ASICs, that in turn increasing difficulty), and force prices falling down dramatically. However, it won't last forever, after months of corrections due to ASIC-side-effects, coins will find their stable price-range, and all things will be fine, coins will rally from their bottoms, and ASIC-side-effects won't last forever. You should not worry too much, fella.

[rebal15]

That's true, I'm long-term bullish on ZEC as well. Things will probably only get better from here, as the halving of ZEC is approaching. However, the "extremely efficient" ASIC miners have been ruining the value of ZEC for a long time, and I think that they could continue to ruin it for a few more months. These days, it's like "another day, another all-time low" for ZCash hodlers.

ASICs always bring bad things to coins, to miners. They usually reduce profits for miners (due to more dominant hashrates from ASICs, that in turn increasing difficulty), and force prices falling down dramatically. However, it won't last forever, after months of corrections due to ASIC-side-effects, coins will find their stable price-range, and all things will be fine, coins will rally from their bottoms, and ASIC-side-effects won't last forever. You should not worry too much, fella.

ASICS are good for network if manufacturers produce ASIC following the network needs.Almost every 6 month, a new ASIC with double hashrate is produced killing the previous one, so you need to buy more with the profit you made or you get out.

I am sure manufacturers are running ASICS they produce forcing people to invest more to get the ROI and then making investors as workers for the manufacturers.

[rebal15]

so what are your thoughts about the Ycash fork? 

Maybe it will help miners for ROI.

[rebal15]

Was the bug really fixed?    Who could be selling coins so cheap and at big losses, unless they get them for free.

What bug are you talking about?

Bitmain and Innosilicon are selling mined coins by the ASICs they are selling to people.

[rebal15]

Since the realase of Antminer Z11, Hashrate increase is almost 2 GH, so 2000000KH/s.
Doing some math, 2000000/135=14814Z11*1350$=20M$

[crypto1998]

price falling everyday this shit maybe will be next bitconnect or next BCD from 0.0015 to 0.00015  

[Raja_MBZ]

price falling everyday this shit maybe will be next bitconnect or next BCD from 0.0015 to 0.00015  

Bitconnect was a Ponzi scheme, ZCash can't be compared with that. The only thing that's ruining ZEC value right now is extremely efficient series of ASICs, and I think that ultimately (in 1 to 3 years), after 1-2 halvings, ZEC will reach new heights, with each one valued over $1000.

Hodling ZEC requires some real patience, that's for sure!

[tranthidung]

Is it time to move discussions on ZCash to this topic? [ZEC] ZCASH: Discussion
I think that the Announcement topic of ZCash (ZEC) should be used for announcements made by ZEC team on updates, and the topic should be kept as clean as possible. Discussions usually result in abundantly trash posts, then it will become hard to follow progress of ZEC.
Maybe, since today, I will discuss about ZEC on this topic.

[etherixdevs]

No Idea if and WHen Pos will be released? It could be a good enhancement for the community

[encycrypto]

No Idea if and WHen Pos will be released? It could be a good enhancement for the community

There is not going to be any change in concensus of ZCASH. It'll remain proof-of-work. What are you talking about?

[kostepanych2]

Why the price to BTC falls so much?

[Raja_MBZ]

Why the price to BTC falls so much?

It's a simple calculation:

I've absolutely zero ZEC and have actually never bought a single piece of it as I do know that it's extremely cheap to mine ZEC (or the whole standard Equihash algorithm in general) with current ASICs (especially with the newest version of Bitmain's Antminer Z11) and miners keep on dumping whatever they mine. ZEC will only be a good buy once it's extremely close to its halving or after it. Till that time, buying ZEC with your BTC is equivalent to throwing away your precious satoshis for nothing.

Today, ZEC reached a brand new all-time low versus BTC.

[Raja_MBZ]

A good read if you're a fan of ZCash:

What Cryptocurrencies Bring to Privacy in Haven

https://medium.com/@gethavenapp/what-cryptocurrencies-bring-to-privacy-in-haven-cf3cae008b1c

Today, ZEC reached a brand new all-time low versus BTC.

So, how many new all time lows of ZEC left till it finds final bottom, from which ZEC will start its recovery phase?

New all-time-low today, mate!

[tranthidung]

New all-time-low today, mate!

I would like to see all year lows of ZEC over years, like I see all year lows of bitcoin. It is one of best way to see growth of one coin. Let's take bitcoin as an example on this issue: people tend to focus on prices of bitcoin from minutes to minutes, its spikes, its all time highs, pumps and dumps, but they forget to see all year lows of bitcoin. Look at this sort of figure, then we can easily see continuous growth of bitcoin over more than 10 years. It's amazing hidden fact. For ZEC, looking at its all year lows, then we soon will see its bottom from which ZEC will stop falling.