Since Zcash launch, prices have been around the $1000+ mark, however after a few days the price has gone down, and I think that it will continue to do so for the following days until it reaches the total supply of 21 million coins.
In my own opinion, Zcash has been overvalued, (considering that there have been privacy oriented altcoins before like Monero) and the fact that Zcash does not enforce anonymity by default (unlike Monero), it makes me wonder whenever Zcash would be a good investment or not.
If there is one thing that I don't like about Zcash, is the fact that it is behind a company, as well as having a sort of premine called Founder's reward, which seems kind of fishy to me.
Please let me know what do you think about this.
In my own opinion, Zcash has been overvalued, (considering that there have been privacy oriented altcoins before like Monero) and the fact that Zcash does not enforce anonymity by default (unlike Monero), it makes me wonder whenever Zcash would be a good investment or not.
If there is one thing that I don't like about Zcash, is the fact that it is behind a company, as well as having a sort of premine called Founder's reward, which seems kind of fishy to me.
Please let me know what do you think about this.
my opinion is that zcash is basically just a premined scam.
it has been created out of nothing, then marketed to get value, that exchange sales have been propagated as the value of all zcash units, and suddenly values of hundreds of billions have been created. worst part of this is that national bankers are then starting to gamble with those even more.
after zcash team has sold its premine they will abandon it and create a new coin with marketing propaganda for old zcash going into decline and beeing overshadowed by new coins.
you are all diseased.
regards
