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rapazev
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November 13, 2016, 02:18:18 PM |
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yes true..after december when price hit 20$ for 1 zcash or even 10...for all i sugest to wait!
imo it's going lower... right now zcash is pure speculation. A new coin need time and improvements(specially about the bugs) to achieve this price. |
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Shiroslullaby
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November 13, 2016, 02:21:02 PM |
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Price seems to bump a bit around the time of block rewards,
so if you can time it right you can make a bit with short selling.
As for a long term investment? No.
The price is way too high for a new coin and is still riding the hype of its release.
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buwaytress
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Join the world-leading crypto sportsbook NOW!
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November 13, 2016, 02:44:49 PM |
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Other than the fact that Zcash hit those crazy prices upon launch... you might as well replace "Zcash" with the name of any other altcoin and you'll find typically the same responses: pump and dump, over-hyped, founders' rewards, premining...
"Investment" in an altcoin is pretty much a pipe dream that idealists are beginning to learn to stay away from. Virtually all mining of new coins is speculative and for-profit now. I know there are the few that will prove to be the opposite and I'm very glad for them. In which case, just wait to acquire these normally if you truly have a use for them.
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g3rszpi
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November 13, 2016, 07:49:34 PM |
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On question of the OP. When the mining started then it was a good investment, but since the diff is rising, price is falling its pretty risky if you are not mining but "daytrading"
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Abiky (OP)
Legendary
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Activity: 3192
Merit: 1359
www.Crypto.Games: Multiple coins, multiple games
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November 14, 2016, 05:36:58 PM |
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I would stay away from it for quite a while until the price gets stable. The "founders" reward is pretty much the worst idea they could have setup imo. I get that they need some type of earnings from creating the tech and to fund it, but 20% is just too much. Then again look at ETH with its massive pre-mine....
Yeah I think the same way about it too. In my own opinion, I think that these altcoins are just to help fill the pockets of the ones behind it, instead of delivering true innovation and promising technology. While Zero Knowledge Proofs is something innovative, I wonder why did the launch of ZCash began with a command line wallet that can only be executed over Linux. This makes it very difficult for non tech savvy users to get started with ZCash, as well as the majority of people who use Windows instead of Linux. A GUI wallet for Zcash would've been ideal from the start, as it would attract users from outside crypto land with no experience from coding to setting up another OS like Linux to get started with it.  On question of the OP. When the mining started then it was a good investment, but since the diff is rising, price is falling its pretty risky if you are not mining but "daytrading"
Thanks for your reply. I don't see Zcash to be used as a long term investment (nor a store of value), but rather a currency where you can store for short term and try to make the most profit possible by short selling it on the markets. Price keeps going down as supply increases, and I think that it would be worth nearly anything in a couple of years from now.  |
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glerant
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November 17, 2016, 02:17:45 PM |
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Besides, 6 gatekeepers, if acted together can make unknown amount of ZEC, unknowingly.
I know there is an element of trust in the setup. It helps that at least one party is an outsider but is previously known. I was under the impression that the setup relied on the parties destroying and not knowing private keys, all of which are needed to compromise the trust - so they can't meet up in ten years, when zcash is ubiquitous, and decide to print money to give to banksters and elites (unlike the bullshit we get with fiat currencies). Correct me if I am wrong  |
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traumschiff
Legendary
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Activity: 1498
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180 BPM
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November 17, 2016, 09:39:35 PM |
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I would rather trust Zcoin's (working Zerocoin protocol) setup using the RSA 2048 factoring challenge, which has probably been deleted like 20 years ago. Also they will work on implementing a trustless setup with the Zerocoin protocol: https://github.com/zcoinofficial/zcoin/wiki/RoadmapBesides this, both Zcoin and Zcash will be a good investment, but no one knows when whales will splash, both have a good upside potential. Investing into mining with cheap electricity might be the best option for now. |
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theothersmith
Newbie
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Activity: 22
Merit: 0
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November 17, 2016, 11:07:24 PM |
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I was in and waited for the pump that never came. I wish I owned the premier news site so i could create and hype the shit out of my own coin. I cant believe they did that. The I heard there was a vulnerability in the anon!
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mace15
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November 17, 2016, 11:37:05 PM |
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Trading with zcash is okay and worth short trading for the
meantime. Its risky to keep the coins for the long term,
since the price been high and new release in the market.
Stay at the safe side and be wise enough on trading this
altcoin.
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jabaguru
Member
Offline
Activity: 65
Merit: 10
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November 17, 2016, 11:40:08 PM |
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Trading with zcash is okay and worth short trading for the
meantime. Its risky to keep the coins for the long term,
since the price been high and new release in the market.
Stay at the safe side and be wise enough on trading this
altcoin.
The risk isn't only on long term, this coin already failed, if I bought it, I would just sell everything I have while I can, because tomorrow it can be too late and the loss bigger. It doesn't worth anymore, maybe at the beginning, when it was a good promise, but the reality wasn't so good. |
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cakravothy
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November 18, 2016, 01:26:30 AM |
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Trading with zcash is okay and worth short trading for the
meantime. Its risky to keep the coins for the long term,
since the price been high and new release in the market.
Stay at the safe side and be wise enough on trading this
altcoin.
trading use pair altcoin if altcoin price very high is very danger and zcash very high price, because this altcoin price nothing resistance price and support price can down is very low price and nothing bottom line support price, and can incraese very high price nothing resistance price |
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shinratensei_
Legendary
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Merit: 1024
Leading Crypto Sports Betting & Casino Platform
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November 18, 2016, 01:53:52 AM |
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Trading with zcash is okay and worth short trading for the
meantime. Its risky to keep the coins for the long term,
since the price been high and new release in the market.
Stay at the safe side and be wise enough on trading this
altcoin.
trading use pair altcoin if altcoin price very high is very danger and zcash very high price, because this altcoin price nothing resistance price and support price can down is very low price and nothing bottom line support price, and can incraese very high price nothing resistance price You mean if it hasn't a limited at the high and low. I may think if zcash is below 0.03. But the definite words,If they will never get recover till his first rate are back in his hand. Even this will be becoming the worst one in crypto history, with big hype and sad ending. |
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funkenstein
Legendary
Offline
Activity: 1066
Merit: 1050
Khazad ai-menu!
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November 18, 2016, 02:34:27 AM |
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So somebody pays me and I have no way to verify that any of the coin is real or came from a certain round of public issuance?
This doesn't sound like publicly issued coin.
Transactional privacy is good but if there's no way to verify the UTXO set we are back to the fiat dark ages.
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BigCat45
Sr. Member
Offline
Activity: 441
Merit: 250
Bigboss
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November 18, 2016, 05:18:10 AM |
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Well, that 20% fee could be the reason so many people don't have much hope for Zcash. Nevertheless, thanks to the devs, the technology is there already. I hope other alts will use it wiser.
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TaunSew
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November 18, 2016, 07:55:44 AM |
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Why Dash when there is Zcash?  |
There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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derrend
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November 18, 2016, 10:30:27 AM |
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Why Dash when there is Zcash? Why Zcash when there is Zcoin? |
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carlfebz2
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November 18, 2016, 04:58:50 PM |
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Why Dash when there is Zcash? Why Zcash when there is Zcoin? I could say that zcoin does have a potential compare zcash , the main advantage of zcash is the hype that being built before it launches but regarding on specs and features i think zcoin does have the edge. Better to invest on zcoin though than on z crap ;  |
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poloniexwhale
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November 18, 2016, 05:03:24 PM |
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Never invest in zcash, it is very shady, you know.  The founder team gets free 20% reward which I assume it is unfair, I would rather they have an ico to investors, not such a shady behaviour, to reserve every 20% share of mined coins, it is same as premine coins. And polo pumped it to 3300 btc at launch, definitely an insider trading |
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traumschiff
Legendary
Offline
Activity: 1498
Merit: 1001
180 BPM
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November 18, 2016, 05:31:23 PM |
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Never invest in zcash, it is very shady, you know. The founder team gets free 20% reward which I assume it is unfair, I would rather they have an ico to investors, not such a shady behaviour, to reserve every 20% share of mined coins, it is same as premine coins. And polo pumped it to 3300 btc at launch, definitely an insider trading I would still go with a 20% founder reward like what Zcash or Zcoin has compared to a full POS ico AND the founders holding another 10% of the coins released before the software is even released. This also gives an incentive in their own currency (and not USD or Bitcoin) to keep on working. We can argue that the 20% is a bit too high, but still better compared to the rest of the schemes. |
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Top2016
Newbie
Offline
Activity: 44
Merit: 0
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November 18, 2016, 05:58:12 PM |
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but dont miss the 20% reward
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