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Why Zcash might be a lead balloonHow I converted from Zcash to BTC. Last few months I devoted my time to investigate Zcash (going beyond technical analysts) and come to the conclusion that I need to sell all my ZEC position and buy BTC. Since I haven't found concentrated/summarized thoughts at one place, I decided to make a tweet so others can find this useful. So let me name few thoughts: • Hardly anyone seems to be using Zcash’s anonymity features (estimated to be like 0,1 %) ...I found only ZecWallet supporting these transactions. (Consider how old is ZEC and no privacy adaption in wallets). If one wants to use it, he needs 5 GB of RAM and 25gb free disk to run the program. Therefore it don't see it as a mobile friendly wallet. • Zcash mining is incredibly centralized. • Zooko publicly admitted that he doesn’t know how Zk-snarks works (see: ‪https://youtu.be/P6RLjcGVUnw‬). • Expiring developers funding in 2020. Since developers in ECC are supposed to be unique, I see no developers when ECC is gone. Moreover let’s face it, ZEC developers salaries are above average (for non US resident) • Knowledge of Zk-snarks is not owned by ECC (Electric Coin Company). Zk-snarks are not so new, as they were discussed and experimented in 80`s, and after a while more and more scientific papers were published decade before Zcash ... so Zk-snarks are “open source knowledge”. • Albeit Zk-snarks protocol is monetary system is relatively new and has yet to undergo the test of time. On the other hand more and more currencies adopt just these/similar privacy features step by step and i don’t see anymore the huge advantage Zcash had 3 years ago. This combined with most of the above reasons and the current development makes me believe that the future won’t be so bright. Zcash should gain trust and popularity in first 2 years. • consider this; what keeps a gigantic army of BTC developers back to integrate Zk-snarks in Bitcoin, not as primary function...the same as ZEC has it, choose it if you want to? • ECC team already help implemented JPMorgan ZEC privacy features... so when ECC developers will be on the street next year (they sure will miss above-average salaries... the last thing they will work for free for ZEC (from my point of view -> ZEC developers paid by ZEC holders to develop Zk-snarks for JPMorgan) kinda irony • Zcash community forum - nothing seriously happening there. I see only few people with superior brains there (sorry as they are neither developers nor ECC officials), yet no serious involvement from ECC and developers • Ethereum team already working on integrating Zk-snarks. • E.Snowden did mentioned that he likes ZEC privacy features only because Zk-snarks encryption. He clearly said that others coins will do the same and that's a great thing. • Ycash “friendly” fork (free money of thin air project) Having ZEC officials even support this fork • REAL trading volume is so small (when doing this notes last week was 2,3 M$) • For the end a story. Two years ago AlphaBay (popular darknet marketplaces) back then has officially announced that Zcash is available as a payment option on its platform. 5 days after that announcement, AlphaBay got seized by law enforcement. Just 5 days after it’s integration of Zcash (coincidence?) • Looking forward for good arguments why I am being wrong.
Short
by slapnikovski
7
USDT -ZEC Zcash -Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10 Date : Since 2016 ( 6 / 10 ) Volume 24 H : 14000 BTC -0.17% ( 7/ 10 ) Available Markets* ( 9 / 10 ) Social Media Rate ( 7 / 10 ) Ranks **20 ( 8 / 10 ) Website ( 8 / 10 ) Type private, untraceable cryptocurrency Overall ( 8 /10 ) I invested heavily for ZCash in Oct 2017 . Result ? My biggest disappointment in late 2017 . However, It is a good time to accumulate some Zcash if you want to create your long term portfolio. Many altcoins will die in 2018 and We will pump all the survival shitcoins in 2019 with new fresh money. What about Zcash? It will survive in this bear market. First Target is 200%! fortune.com * Considering top 10 crypto exchanges ** Top 100 coins on coin market cap get 10 points
Long
by CryptoEngineering
4
ZEC iH&S breakout? ZEC has been on a tear lately with the listing of ZRX just spurring more excitement in the hopes that it could be next. We could see an inverse head and shoulders diagonally that has played out nicely and broke out yesterday and is currently on its way. We did run into resistance right way as we can see with that wick straight up to the supply zone but the projection for this pattern gives a target of approx. the upper supply area near 0.0275. Whether it gets there in one shot or gradually really depends on market dynamics but one can assume that a Coinbase listing could help it on its way fairly quickly. Thanks guys!
Long
by CM_Trades
ZEC/USD | History repeatingLast time falling wedge on Zcash resulted in 34% profits for us. Will it happen again? It totally depends on whether bitcoin will reverse or not. And if BTC chart looks messy ZEC chart looks pretty clear. I'm going to buy my bag at $181 and set a stop-loss on $167. I will sell 50% of my bag at $244. The rest 50% of ZEC will be sold at $309. Please remember: my trading style is agressive. You should always ask yourself if you are capable of losing amount of money that you put into after stop-loss is triggered
BITFINEX:ZECUSDLong
by MikhailC
Zcash Mryoshka Doll, Tea & a RocketI hear you, WTH right? Zcash, an established privacy cryptocurrency providing increased privacy. It's less than 2 years old. Still a baby in the market place. The Zcash chart is indicate to me, in regards to pattern formations that we have formed a C&H within a much larger C&H, not to mention yet another inverted H&S within that. The potential is staggering! I have tried to draw what I see, dissect each pattern to give you the direction I see this asset moving in. Tip: Bottom of a cup. HODL ON -Rocket armed! Myyroshka (Rusian doll within a doll ). Patterns within patterns.
BITFINEX:ZECUSDLong
by DelorenFX
1
Zcash uptrend 100%+ gainZcash was consolidating for a long time since 10th of February till 1 week ago. That would be more than 100 days consolidation. Now, after longer consolidation and after regaining 50% in 30 mins time on the 14th of May its was more than clear that Zcash is trying to push up. Made an uptrend from 0.02 Uptrended from 0.0292 touched 0.0456 mark and retraced, but stayed above 0.0282 level and continously pushing upper price level in order to breach 0.045 mark. After three attempts fails to do it and retraces to 0.0382 (while achieving 0.044 0.045 0.046 prices) and retracing. Makes an uptrend from 0.0382 while continously retesting that level 5 times (even with strong pierces) didn't managed to breach that level from the upper side. in the first cycle was uptrending (in sats and usd) more than btc actually lost in value which shows extreme bullishness at this moment (Zcash was uptrending while entire market was between 5 and 20% minus) was like +10% +20%. Having in mind 0.0382 level held pretty well (desipite numerious retest), my personal take is that Zcash could double or maybe even go to 0.1 target or even 0.015 in last instance (but honestly) i m not expecting reaching that value in one instance. on 0.082 level we have resistance, but since we are in form of falling wedge, i thing it could actually pierce through 0.045 and 0.056 resistances going straight to 0.082 level which would be next resistance level and (by my opinion) safe exit price for all people who rebuy under 0.04 sats. Targets : 0.046 0.056 0.082 (as most probable) 0.15 was ATH at zcash (comparing to existant 0.038 we could conclude that price of Zcash is pretty much underpiced. I do expect sharp upward momentum heading staight to 0.082 sats. -This is not financial advice, it was meant to be used only as speculative and solely subjective point of view
Short
by milanjelic
2