[ANN][ZET] Zetacoin - SHA256 - Upgrade to 0.13.2 (Segwit)

[pabloangello]

If you check the 20 richest Zeta addresses, there has been hardly any movement the last couple of day which is very good sign that this is not a pump and dump.

.....or who ever owns the largest has not finished dumping the last 7.5 million zeta the last moved.

Or they read that they were being watched.

Or buying fever ended for now.

[1713909250]

1713909250

[1713909250]

1713909250

[1713909250]

1713909250

[kahir]

im from africa and im telling you people at kenya can't even read ....... so crypto for them is like .......

[solid12345]

Let's do the math.

Even if 7.5 million were dumped right now, at current prices that would only be $150,000

First off, finding the volume to buy that many coins before it dumps to nothing would be zilch, second, if this were a P&D there are a few team players involved so you have to split that money at least 5-10 ways. At best 1 person could hope to make $10-15 grand which in reality would be much lower due to the market losing confidence quickly.

It seems like an awfully lot of work to orchestrate a 6-12 month P&D creating fictitious social media websites, faking business discussions among themselves on nobs.is and various blogs, and tweeting all the time 8 hours a day just to make a couple thousand dollars. Real con artists aren't this dedicated. There is way more money to be made and fast in creating a quick wordpress site, pumping out a country coin with a premine and hyping everyone up for a week before dumping.

[elasticband]

for a start they have way more than 7.5mil, i think the address still holds 37.5mil?

the 7.5mil was the last out transaction which has in my opinion been moved to cryptsy and is slowly dumping when there is volume on the exchange.

On top of the 7.5mil that was last transferred out of the largest holding address, several other transaction totaling 7.5mil were sent out on the days of the climb and probably dumped

I am not exactly saying it's a pnd but the above can be recognized from looking at the zeta blockchain

[pabloangello]

There are rumours on twitter that in an hour there should be another announcement/info or something. What is going on?

[TenaciousC]

There are rumours on twitter that in an hour there should be another announcement/info or something. What is going on?

Don't see anything about that, checked #zetacoin

[solid12345]

for a start they have way more than 7.5mil, i think the address still holds 37.5mil?

Even still though I just don't see how someone could feasibly sell 37 million coins and not crash the price to nothing, maybe i'm just naive but I don't see the whole play in all this, logically shouldn't they have dumped 3-4 months ago when price was at 10 cents?

[fedmahnkassad]

im from africa and im telling you people at kenya can't even read ....... so crypto for them is like .......

They don't have to understand crypto. They can buy a voucher or something and their mobile operator can do the work for them. The thing is in order for this to work the price of Zeta needs to have  a minimum floor otherwise the poor Kenyans will risk becoming even more poor.

If I was running a mobile operator and going to partner with a crypto currency for the payments network, I'd first invest in buying a big chunk of the total supply and then in order to make people confident using it, I would guarantee a minimum buy back price. Zeta fits the bill nicely actually because 1. It was quite cheap. 2. It offers fast transactions and 3. Most of the coins were already mined, meaning you don't have to deal with miners dumping tons of coins each day.

[fedmahnkassad]

for a start they have way more than 7.5mil, i think the address still holds 37.5mil?

Even still though I just don't see how someone could feasibly sell 37 million coins and not crash the price to nothing, maybe i'm just naive but I don't see the whole play in all this, logically shouldn't they have dumped 3-4 months ago when price was at 10 cents?

If you are a pump and dumper you don't buy 23% percent of the total coins in existence, because there is simply no chance you can dump them all. At most a pump and dumper would probably get 1-3% maximum and quite often a lot less.

[pabloangello]

for a start they have way more than 7.5mil, i think the address still holds 37.5mil?

Even still though I just don't see how someone could feasibly sell 37 million coins and not crash the price to nothing, maybe i'm just naive but I don't see the whole play in all this, logically shouldn't they have dumped 3-4 months ago when price was at 10 cents?

Exactly.

If you people think that someone who holds 23% of coin would sell it at once you are not sane.

[kahir]

for a start they have way more than 7.5mil, i think the address still holds 37.5mil?

Even still though I just don't see how someone could feasibly sell 37 million coins and not crash the price to nothing, maybe i'm just naive but I don't see the whole play in all this, logically shouldn't they have dumped 3-4 months ago when price was at 10 cents?

Exactly.

If you people think that someone who holds 23% of coin would sell it at once you are not sane.

i know someone sold his 12% for same price but took him a week to do so ......

[solid12345]

If you people think that someone who holds 23% of coin would sell it at once you are not sane.

No but a constant stream of dumps with volume like that means he won't get very far until the coin absolutely tanks. At current ZET prices there is just not enough reasonable profit to be made by a P&D scam considering all the months of work that have been put into it.

[elasticband]

for a start they have way more than 7.5mil, i think the address still holds 37.5mil?

Even still though I just don't see how someone could feasibly sell 37 million coins and not crash the price to nothing, maybe i'm just naive but I don't see the whole play in all this, logically shouldn't they have dumped 3-4 months ago when price was at 10 cents?

Exactly.

No your wrong. The way to hyper inflate something is to buy it up for cheap and create demand and sell.

Come on now folks you cant really think the opposite?

they don't need to sell all the coins just inflate the price by holding to a point they profit and sell.

I am still holding

[elasticband]

some math for us all.

55million x 0.00001 btc = 550btc

7.5mil zeta moved and sold near the top, lets say an AVG of 0.00006btc = 450btc

[solid12345]

some math for us all.

55million x 0.00001 btc = 550btc

7.5mil zeta moved and sold near the top, lets say an AVG of 0.00006btc = 450btc

But we are forgetting the biggest equation of all

How much did someone SPEND to get 55 million ZET in the first place? Either someone with money already or someone with a lot of mining power, either way I don't think they are hard up for cash to create a P&D and instead is a serious long-term investor.

Or its an exchange wallet, which is my personal belief.

[elasticband]

The spent around 550 btc. Money is irrelevant to large holders. They don't care for dollar they care for accumulating more btc that is why twey are large holders.....

Especially if they have got 450btc back or even 200btc and they atill hold 37.5mil....

what movment in that address history says it is an exchange?

I have given validations regarding qhat I think is movmemt to the actual cryptsy address.

Please provide something to say otherwise

Ps I am a large zeta holder but not that large. Around 1%. I did hold 2% but sold at the last run upto the high.

[x3maniac]

zeta.dsync.net is now 0% fees for mining, i will now only operate on donations so please be kind =)

-x3

[roslinpl]

I must say ... pump of ZET seems finished ... price @ 4000 is a huge drop... -30% in a ~day ...

[fedmahnkassad]

I must say ... pump of ZET seems finished ... price @ 4000 is a huge drop... -30% in a ~day ...

After it went +700, -30 is pretty normal with no news coming the last couple of days.

[roslinpl]

I must say ... pump of ZET seems finished ... price @ 4000 is a huge drop... -30% in a ~day ...

After it went +700, -30 is pretty normal with no news coming the last couple of days.

Perhaps you are right ... what to do.. we can just wait and see what will happen next..