😍 Zcash Spikes and We Take A Look At Q1
Q1 of 2018 has been rough to say the least, we saw bitcoin at $6,000 levels then $9,000 and then back down to $7,000 and now hovering at about $8,500 per bitcoin. It is seriously enough to make your head spin! But when looking at a 90 day snap shot does it actually paint a clearer picture of what is going on?
The answer seems to be yes and that is bitcoin finding a stable ground instead of being so volatility. The swings you are seeing from 6,000 - 9000 are actually not that big in terms of percentages and often happen with stocks as it finds where it should settle in at.
With that being said Bitcoin is adapting and changing such as with the lightning network and other work going on with it. As these get completed I feel we will see new all time highs and then that constant up and down to try and level out again. It is simple supply and demand and demand of bitcoin does seem to be increasing. So far transactions are up about 7% and fees have been drastically reduced from where we saw them back in December. (Just a side note if you where mining bitcoin back in December you where most likely making bank off the fees!)
As for Zcash Gemini announced it would be listing it which is the largest US led crypto exchange led by the Winklevoss twins.
The big reason why Zcash which is highly privacy-focused is that people are unsure of what will happen to these coins as regulations and governments step in.
By being listed on Gemini Zcash along with other privacy based cryptocurrencies look like they have a fighting chance. As Gemini is one of the most regulated and watched exchanges. The Winklevoss twins stated " Through education and collaboration and with the right controls in place, regulators can get comfortable with privacy technology"
*Image pulled from https://bitcoinmagazine.com/articles/boost-privacy-cryptocurrency-gemini-announces-support-zcash/
I'm absolutely stunned that Gemini got approval to add a coin like Zcash. The regulators don't care about coins with opaque blockchains? Am I missing something here?
Zcash is not private by default. With it privacy feature it basically a random gpu coin.
I think it was a bold move to add ZCash but was definitely needed as the privacy coins have fallen outbof favor after the issues in Japan. However, it demonstrates the overwhelming interest longer term in these assets.
Zcash is not private by default. With it privacy feature it basically a random gpu coin.
Good analysis there. However not many crypto lovers had expected ZCash, a privacy coin to get listed on a fully regulated exchange like Gemini. Critics associate privacy coins with the dark web. My take is that ZCash has two address options and KYC compliant as well and that could be reason it got listed. What's your take?
I agree! Zcash is not private by default. Without it privacy feature it basically a random gpu coin. As such this might be the reason why it got listed.
Since Zcash is not private by default without it privacy feature it basically a random gpu coin. This is why is got listed.
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Thanks for sharing. I've smashed the upvote button for you! This is great news Zcash to moon!
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Zcash is the best privacy coin out there and has a large value proposition.
Hey @bitcoinflood I think the volatility of bitcoin makes it more desirable, because of the potential for higher profits. What do you think?
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