Zcash to BTC | Bitcointalksearch.org

Febo

legendary

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Quote from: baladio16000 on June 11, 2019, 03:48:49 AM

Why is the Zcash to BTC value always relatively stable since its inception, but every other crypto I look up has its gold line (in coinmarketcap.com) wildly swinging all over the place? Also, the market cap is always way higher than the other two lines.

Zcash to BTC value is decreasing from its inception. At first 1 ZCash was 2000 BTC. It managed to get to 0.08 BTC a month ago. That could be the bottom, or not. No one knows for sure. It can go down more, since ZCash daily emission is still high.

Botnake

hero member

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It's better to look at the price than the chart alone, chart is only the entire picture of the coins movement but this coin was not pump most of the time and I think it's not volatile as bitcoin or other major coins. IIRC this has a great volume in Poloniex before but I'm not interested on this as it's very expensive.

EscrowService28

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Quote from: baladio16000 on June 11, 2019, 03:48:49 AM

Why is the Zcash to BTC value always relatively stable since its inception, but every other crypto I look up has its gold line (in coinmarketcap.com) wildly swinging all over the place? Also, the market cap is always way higher than the other two lines.

It might be because since its the first week and might not be a stable as you thought it might. The trend will definitely stable and will always have highs and lows.

consideritdone

newbie

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as long as it is up today, zcash positive is good!
https://www.coingecko.com/en/coins/zcash

Erickan

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Let's review it carefully, when bitcoin has dropped 57% since its peak in 2017, all altcoins have fallen significantly from bitcoin, usually 80% except BNB. Zcash is not a marginal project, so you say its value with relatively stable BTC is not accurate. It has greatly decreased compared to BTC.

Red-Apple

hero member

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Quote from: baladio16000 on June 11, 2019, 03:48:49 AM

Why is the Zcash to BTC value always relatively stable since its inception,

it is because you are interpreting the chart wrong! you have zoomed out too much that you are also including the fake initial price that was gigantic (1 ZEC = 8.34 BTC) and everything else is dwarfed compared to that! so it is creating the illusion of being stable.

but if you change your zoom and also look at the values you can see that there is no difference between ZEC and any other pump and dump altcoin. it had its own pumps and it is like other altcoins, on a general decline losing its value over long term. in the past 3 months alone it has lost half of its value:

Cnut237

legendary

Activity: 1904

Merit: 1277

It's because you are looking at the chart over all time. https://coinmarketcap.com/currencies/zcash/

The reason it looks flat is because of the huge dump at the start, which makes everything else small by comparison. All you need to do to get a better picture of the trend against BTC is to remove that initial dump from the display, so for example just look at the 1yr chart instead of all time.

Psynthax

hero member

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Quote from: baladio16000 on June 11, 2019, 03:48:49 AM

Why is the Zcash to BTC value always relatively stable since its inception, but every other crypto I look up has its gold line (in coinmarketcap.com) wildly swinging all over the place? Also, the market cap is always way higher than the other two lines.

this coin is still getting dumped by the team Roll Eyes

I guess before you wanna say anything and let's take a look at this chart https://bitinfocharts.com/zcash/
You will see how the price of zcash was getting dropped anytime. Stop to see that on CMC and try to watch another relevant site.

livingfree

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Quote from: baladio16000 on June 11, 2019, 03:48:49 AM

Why is the Zcash to BTC value always relatively stable since its inception, but every other crypto I look up has its gold line (in coinmarketcap.com) wildly swinging all over the place? Also, the market cap is always way higher than the other two lines.

Not all the time, honestly I'm surprised that you have said they are always relative in terms of their price. I think you just looked to it some other day and that's what you have noticed.

But not all the time they are always relative, sometimes they are not and shows inverse relation.

Natthenetnut

newbie

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That's because in the beginning it's way hight, thus having the line to be smooth if look at beginning to the end.

omonuyak

sr. member

Activity: 882

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For us to believe that what you are saying is true, you are to make a long term review of the price of zcash and bitcoin and interpret there relationships since you said from "inception". I don't think something stable has happened between zcash and bitcoin in a long-term and we should not use short term to forms trading decisions.

amrulshare

hero member

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yes, maybe that's because you compare zcash with other altcoins in the last few weeks in the best performance. but that is not the key to profit from zcash, I believe its will be in a place that has the best potential in a few months and also while most of the crypto market is still in a bearish trend, it would be better for us to be patient while waiting for the long-term trend.

odolvlobo

legendary

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"always relatively stable" is an unusual way of describing it. The value of ZEC, in terms of BTC, has dropped from 0.03 to 0.01 (down by 67%) over the last year, and down from 6 BTC at launch.

baladio16000

newbie

Activity: 11

Merit: 1

Why is the Zcash to BTC value always relatively stable since its inception, but every other crypto I look up has its gold line (in coinmarketcap.com) wildly swinging all over the place? Also, the market cap is always way higher than the other two lines.

Topic: Zcash to BTC (Read 253 times)