Post
Topic
Board Altcoin Discussion
Re: ZCash: What's the point?
by
pizza77
on 29/09/2016, 13:24:33 UTC
For a starting of $15 per coin we will surely see a lot of dumping. The powers that be behind zcash surely set a high price to give them some room for profits when they start dumping.

"now the question is if we will see a flash dump as soon as it gets on Poloniex. Lots of coins have a similar graph where it insta dumps as soon as it hits the exchange "

We surely will. Almost all of the cryptocoins are dumped the minute they are listed in the exchanges. But the development team of zcash already planned ahead and set a high price. It is overvalued now at Bitmex at .1 BTC.

With 20% premine under the dev's control the temptation to dump will be too strong for him. He should at least put the coins in multisig escrow that will only be released to him slowly.