Zcash - what now?

[justinlamode]

Zcash is a solid project even with the latest development, so from the basis of utility and what it stands for, nothing have changed but for my money as an investor, I will not be too optimistic about the price for now following the internal rancor between the team that lead to the crash. Assuming you were aware, it would have been the best time to take profits or sell at manageable loss and wait for everything to settle. I don't think there is anyone that can tell you what will happen to the price in the future as everything is completely based on probability. 

[Kavelj22]

You made a classic mistake traders always make with trending coins. Buying due to FOMO, and now you are at a point where you have to hold the coin until it goes back up at least to the price where you bought it or even more. Problem is, you may have to wait for years for this to happen, especially if crypto winter is to start soon

Crypto newcomers are incentive to the idea that from cryptocurrencies they will gain huge profits with small investments . At the point they think as much as they add value they will get a retun.

I guess that's what you thought and it didn't happen 

If you were lucky enough, doesn't mean this will be a general rule applicable for everybody. Zcash is one of the few successful project in the crypto space since its early days, but this doesn't mean its price is profitable everytime to invest in. Those who bought it before 2017 and held it since then are surely wealthy ones by now. While others who bought it few years ago might got small profits from small flactuation but not a big amount considering none of them bought worth of million dollars in Zcash.

I suggest you to diversify your investment wallet because it's always risky to put all the eggs in one basket. Or to stick with bitcoin only because is the most trusted project that would never fall or price decline for a longtime.

[Josefjix]

Your post is four days ago complaining about Zcash growth, today a post was made about XMR and other privacy based coins including zcash to be pumping hard and doing pretty good in the market.

It's not just Monero, but popular privacy coins like Zcash*, Dash, SCRT, etc are also pumping.
Zcash already dumped, but it all began with Zcash.

[Sergeant Major]

What caused ZCASH to pump up hard in October from $60 to nearly $700 in the first place?  Whale pump?  I wish someone would have told me before it happened.

[Akbarkoe]

What caused ZCASH to pump up hard in October from $60 to nearly $700 in the first place?  Whale pump?  I wish someone would have told me before it happened.

This was due to a new feature in their project called inscription, similar to Ordinal in the Bitcoin network. Many influencers saw this as a good thing, causing privacy concerns to surge again at that time. This was also driven by FOMO, which made this coin continue to soar to the point where it was very difficult to predict and gain $700.