RE: Zcash Opens a Crazy Day - Ten BTC Gets You One ZEC - Someone's Always Jealous
Seems like ZEC is diverting interest from other privacy-centric coins, notably Monero and DASH, which are both down sharply from yesterday. Doesn't really make sense... Actual trading volume in BTC has not been high enough to move prices on these other coins, since ZEC supply is so low. Also, in the real world, ZEC anonymity tech is great, but not really better than the others, and even BTC has time to catch up, along with 1st mover and size advantage, which will always be a factor. Not sure what's going on with other coins in the crypto space. Even unrelated coins that I follow, such as Ether & MAIDSAFE are down, even as BTC climbs. Immature market. Can't worry too much about it. I just strive to understand the tech and the value proposition and slowly build o long-term portfolio as a small component of a larger financial plan.
Yep.
Yep.
And, yep! :)
Ugh, my aching ETH!
I think you're right. It's causing distraction and a lot of folks are going to lose bucks on it. Look at the volume and consider the fact that only 104 ZEC are mined in the first 24 hours. That's just nuts. The same coins are being sold multiple times in a matter of hours. Here's the allocation for the first ten days.