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/Roadmap
Besides 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.
Topic: Is Zcash worth to invest in it? - page 52. (Read 36191 times)
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
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.
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"
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.
"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.
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.
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.
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. we will only know after december. until slow mining ends the price won't stabilize.
The technology itself did not impressed me, but maybe after we find the real price for zcash i could put some money in it.
The technology itself did not impressed me, but maybe after we find the real price for zcash i could put some money in it.
yes true..after december when price hit 20$ for 1 zcash or even 10...for all i sugest to wait!
we will only know after december. until slow mining ends the price won't stabilize.
The technology itself did not impressed me, but maybe after we find the real price for zcash i could put some money in it.
The technology itself did not impressed me, but maybe after we find the real price for zcash i could put some money in it.
it's better to wait for now because the price will tank again due to the block reward which is constantly increasing, better to wait until it reach the maximum , 50? and then see if it is worth to invest
Both zcash and zclassic are just "worth" something in theory, and it's highly speculative since no markets that i know actually accept them, so even if they
are indeed highly annonymous, that feature is useless because it's not used anywhere.
Also, the prices, even right now of ~0,25 btc/zec is imho over-over-over hyped if you look at how many new coins will enter market in under a month.
There's just astronomical chances market will be interested in keeping and fueling these prices.
I traded zcash while the price was jumping up and down around 1 btc purely to make some btc profit off of it, and honestly it was as if we were passing
hot potato one to another, noone was really interested in the coins as such.
are indeed highly annonymous, that feature is useless because it's not used anywhere.
Also, the prices, even right now of ~0,25 btc/zec is imho over-over-over hyped if you look at how many new coins will enter market in under a month.
There's just astronomical chances market will be interested in keeping and fueling these prices.
I traded zcash while the price was jumping up and down around 1 btc purely to make some btc profit off of it, and honestly it was as if we were passing
hot potato one to another, noone was really interested in the coins as such.
It was interesting to see how ZCash pumped along with Bitcoin when Trump got elected president of the US. The thing is, we don't know if 0.25 is a good idea or an absolute disaster of an entry price. I think we might see prices below 0.1... I don't think I want to gamble my hard earned Bitcoins with an untested idea of ZCash following bitcoin's pumps just because it pumped along wiht Bitcoin due Trump. We will see in the future if both pump at the same time or if it was just a coincidence.
wait when its hit 20$ then buy...now you can see its keep go down! dont buy now at 150$ if price keep go down..in next days will come to ETH price 10-12$!
well you said it pal , even if it worth to invest for sure now it's not the good time to do so also let's wait and see cause people hyped ETH a lot before and we see that the interest went down for it
for me I don't care about being anonymous , so BTC so far is my only investment in the crypto world
for me I don't care about being anonymous , so BTC so far is my only investment in the crypto world
Please please invest in Zcash.
I was mining it for a while but it is no longer profitable so i shut my rig down. That coin didn't last very long (ZClassic even shorter).
But please, please buy Zcash. The price will go up again if you all go and buy some and i will be able to mine it and exchainge it for more bitcoin The Devs just are not getting new coins out quick enough these days and they don't seem to stay profitable long, so please support Zcash until the next big thing turns up.
MESSAGE to all DEVS, pull your finger out and make better coins, we have miners sitting idle here. Sort it out!
I was mining it for a while but it is no longer profitable so i shut my rig down. That coin didn't last very long (ZClassic even shorter).
But please, please buy Zcash. The price will go up again if you all go and buy some and i will be able to mine it and exchainge it for more bitcoin
The Devs just are not getting new coins out quick enough these days and they don't seem to stay profitable long, so please support Zcash until the next big thing turns up. MESSAGE to all DEVS, pull your finger out and make better coins, we have miners sitting idle here. Sort it out!
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....
Zcash is only profitable for miners. Otherwise if you buy from exchange you deserve to lose your money. Zcash is one of the most overpriced coins in history. If you mine it you should just dump it. If you don't mine, don't even check the price from exchanges.
Anyone who invests in what these pricks has sponsored is deserving a total loss. Besides, 6 gatekeepers, if acted together can make unknown amount of ZEC, unknowingly.
zcash is launch price is very high
so zcash not good to investment, only good if you miner and get free zcash coin
and the is hold or direct selling after receive zcash
but if you want investment buy zcash and hold is bad
so zcash not good to investment, only good if you miner and get free zcash coin
and the is hold or direct selling after receive zcash
but if you want investment buy zcash and hold is bad
Its too hyped right now, and really what does it offer that is not already available?
Total hype is the reason its so high, coupled with low supply of coins.
I would not touch it unless it goes dirt cheap.
Total hype is the reason its so high, coupled with low supply of coins.
I would not touch it unless it goes dirt cheap.
Not in this stage, no.
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