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Topic: Is Zcash worth to invest in it? - page 44. (Read 36191 times)

legendary
Activity: 968
Merit: 1001
February 16, 2017, 02:07:20 PM
It's the same Doge joke. Except that it is 1.0 trillion coins of Dogecoin,
While Zcash are 100 coins. A joke.

The acronym ZEC is ridiculous and reminiscent of the children's show Power Rangers.

Zec, inspired by Power Ranger's Zack:
legendary
Activity: 1256
Merit: 1009
February 16, 2017, 01:30:08 PM
Quote
i know that's the claimed usage, but i'd like to see if there are any actual projects or vendors planning to make any use of it considering it has some heavyweight backers. what does it have that xmr don't?

Better anonymity.  More elite (and more) devs - like the best in the space.  

I can't remember about the blockchain size.

XMR has more projects because it's been around for 2+ years.  Right now it's purely driven by speculation.  And low supply due to coin release schedule similar to bitcoin (vs XMR releasing all upfront.).
sr. member
Activity: 602
Merit: 250
February 16, 2017, 04:33:47 AM
Forget ZEC, go for Zclassic instead...

The situation of Zclassic now is pretty similar to Bitcoin in 2009...
Great coin, little visibility, but massive potential, we'll see
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
February 15, 2017, 03:48:00 PM
I do not think that it is the best time to invest in Zcash as the price is declining and if you look at the graph it is not that good.It is a good coin to mine at the moment so that you could make a good money with it at the moment.

Well, I think that we would have to wait at least 4 years after the launch of ZCash to be able to see the true price of it. That would be the time when the founder's reward would end, thus having an impact on ZEC value on the markets. In the meantime, it would be ideal to invest into other Zero Knowledge Proof coins, until ZEC becomes usable and stable enough to hold onto your wallet.

I've been earning some free ZEC using faucets, even if the payout isn't much at all. It is a good way to store those earnings for the future, as it would make a nice addition to your profits, once you decide to invest into ZCash.

Nevertheless, I hope to see some good development and innovation for ZEC by the end of this year. Just my thoughts.  Wink
legendary
Activity: 1256
Merit: 1009
February 13, 2017, 06:44:01 PM
Bitcoin except when provable anonymity is needed.  And the decentralization of GPU/CPU vs ASICs.

Asking for a crypto "usage" is like asking for the reason of the dollar.  I mean - it just depends on what everyone else values it on the day you're ready to buy / sell it.  Not.  That.  Hard.

i know that's the claimed usage, but i'd like to see if there are any actual projects or vendors planning to make any use of it considering it has some heavyweight backers. what does it have that xmr don't?

Their anonymity features are different.  Ring signatures vs essentially a ring signature back to every transaction back to the beginning of time.

Zcash = better privacy technology.  paid heavyhitting bets. 
Monero = Fairer / no presale launch.  Been around longer.  Less stress on the blockchain from tons of transactions.
legendary
Activity: 1256
Merit: 1009
February 13, 2017, 06:40:30 PM
Quote
Is Zcash worth to invest in it?

Should I take a shit or eat a cheeseburger?
sr. member
Activity: 407
Merit: 250
DAG, Built-in Chat and Conditional Payments
February 13, 2017, 06:37:19 PM
I think due to all the controversy regarding the first few weeks of the currency in the market, some serious investors may stay away from it for a while. This was the only coin I saw worth more than one Bitcoin, and after that the currency only fell in price, and many people lost money on it. I think it was not a good idea to distribute it that way.
Perhaps the zero-knowledge proof tech makes the currency reach a wider market, but that percentage that goes into the hands of developers will also generate controversy.
legendary
Activity: 1288
Merit: 1087
February 13, 2017, 06:34:29 PM
Bitcoin except when provable anonymity is needed.  And the decentralization of GPU/CPU vs ASICs.

Asking for a crypto "usage" is like asking for the reason of the dollar.  I mean - it just depends on what everyone else values it on the day you're ready to buy / sell it.  Not.  That.  Hard.

i know that's the claimed usage, but i'd like to see if there are any actual projects or vendors planning to make any use of it considering it has some heavyweight backers. what does it have that xmr don't?
legendary
Activity: 1256
Merit: 1009
February 13, 2017, 06:32:38 PM
so has anyone actually found a use for zcash yet or is that a very dumb question to ask? enquiring minds deserve to know.

Bitcoin except when provable anonymity is needed.  And the decentralization of GPU/CPU vs ASICs.

Asking for a crypto "usage" is like asking for the reason of the dollar.  I mean - it just depends on what everyone else values it on the day you're ready to buy / sell it.  Not.  That.  Hard.
legendary
Activity: 1288
Merit: 1087
February 13, 2017, 06:30:33 PM
so has anyone actually found a use for zcash yet or is that a very dumb question to ask? enquiring minds deserve to know.
sr. member
Activity: 246
Merit: 250
February 13, 2017, 06:16:38 PM
I do not think that it is the best time to invest in Zcash as the price is declining and if you look at the graph it is not that good.It is a good coin to mine at the moment so that you could make a good money with it at the moment.
legendary
Activity: 1218
Merit: 1003
February 13, 2017, 04:01:26 PM
I agree that Zcash is starting to look a bit more interesting at $30. Certainly much better than at $300 or $3000!
I will wait a while and see what happens, I have a feeling that we might see $20, but there will be some sort of bounce at some point.

I don't base that on the coin itself, just the price movement. For what it's worth, I also think LISK will be pumped at some point.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
February 13, 2017, 02:08:34 PM
People seem to forget that it took a while for Monero and Ethereum to boom

ZEC is just a few months old, so let's wait for the market to be aware about it.

This said, I much prefer ZCL

That is certainly true. It would only be a matter of time, when the ZCash protocol becomes improved, and increases in development and usage, for it to have a nice effect on the exchanges. While I'm not comfortable with the founder's reward, I think that ZEC has a lot of potential to become a widely used Zero Knowledge Proof cryptocurrency.

Still, other Zero Knowledge Proof coins may take the lead, if they provide better innovation, and usability among merchants, businesses, and individuals worldwide. I have invested into many coins that have adopted said technology, just in case one of them sparks in price, making me good returns.

Nevertheless, it would be quite surprising to see at least one dark market to accept ZEC or any other cryptocurrency of its kind. Just my thoughts.  Grin
sr. member
Activity: 399
Merit: 250
February 13, 2017, 10:45:53 AM
Shouldn't be ZCash (and as well as Ethereum) be more worth in the future than a Bitcoin or any other Altcoins as long as they don't get infected by ASIC miners?

I've had read a lot in the ZCash forums. One of the developers main goal is to keep away the ASIC miners from their platform ... nobody can say if this doesn't happen later but if not, shouldn't that give the currency a way more weight?
If this is a better way, why Bitcoin devs have not yet seriously considered the possibility of migrating to something that allows gpu mining? I think there is still the risk of such devices being infected by botnets, but I believe there are more aspects related to this. Does anyone have any ideas?
member
Activity: 69
Merit: 10
February 13, 2017, 10:27:43 AM
Shouldn't be ZCash (and as well as Ethereum) be more worth in the future than a Bitcoin or any other Altcoins as long as they don't get infected by ASIC miners?

I've had read a lot in the ZCash forums. One of the developers main goal is to keep away the ASIC miners from their platform ... nobody can say if this doesn't happen later but if not, shouldn't that give the currency a way more weight?
newbie
Activity: 35
Merit: 0
February 13, 2017, 10:11:30 AM
Yes zcash is still worth to invest with it, just look on its market cap.
legendary
Activity: 2730
Merit: 1288
February 13, 2017, 10:09:11 AM
What was early investor price? I thought $15 but just heard $11.

There were 2 rounds of investing. Maybe this is where you got confused. I forgot what was price. I think last was around $15. But first was I think more then only once cheaper.   
When you calculate $ price you always need to take it with reserve since many invest with Bitcoins and Bitcoin price was different when this 2 ICOs happen.
sr. member
Activity: 602
Merit: 250
February 13, 2017, 05:20:22 AM
The slow mine in the beginning was actually a genius marketing technique too. The price went over 1000 BTC. But then it slowly fell because it was vastly over valued.


It was both a good marketing trick and a kiss of death for ZEC.
Miners won't like the idea of paying the tax for too long once they realize that ZCL is the same as ZEC without the tax component...
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
February 12, 2017, 04:41:44 AM
The slow mine in the beginning was actually a genius marketing technique too. The price went over 1000 BTC. But then it slowly fell because it was vastly over valued.
I wouldn't call what happened to the price "slow drop". it was pretty bad at the beginning and then slowed down.

Quote
Now it's starting to get to a point in which the real value is around.
the more time goes by and the more miners get their reward to dump on the market and show the supply and demand the more real the value gets. and it is getting to a point where the charts are starting to become more realistic making speculation a bit easier.
although it is always hard to speculate altcoins prices and say their real value!

Quote
Miners have had profitable fun though, and it hurt the Ethereum mining a little.
miners care only about profit. so they switch to the most profitable thing to mine.
if they find another altcoin that is giving them more profit tomorrow they switch to that one in a blinking of an eye. that is how they pay for their costs and earn bigger profit.

Quote
But just like Bitcoin it has a block reward halving every 4 years. So if you buy in 3 years and it's cheaper than right now I would say it's a good buy unless something interesting happens.
it doesn't matter what the price will be at that time. it can still rise because of the hype of the halving that always happens with coins like this that have  a rather big volume and users trading them.
it is simple hype because of the fact that everyone knows the reward (supply rate) is going to be decreased a lot.
and also the fact that bitcoin price has gone up twice in the past only 2 halving helps with this rise.
full member
Activity: 546
Merit: 100
February 12, 2017, 04:06:05 AM
The slow mine in the beginning was actually a genius marketing technique too. The price went over 1000 BTC. But then it slowly fell because it was vastly over valued.


Now it's starting to get to a point in which the real value is around. It's still too valuable to make nice profits. I hope it goes down a lot more. Miners have had profitable fun though, and it hurt the Ethereum mining a little. But just like Bitcoin it has a block reward halving every 4 years. So if you buy in 3 years and it's cheaper than right now I would say it's a good buy unless something interesting happens.
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