Quote from: Pursuer on November 24, 2016, 09:24:31 AM

Quote from: European Central Bank on November 23, 2016, 05:00:28 PM

Quote from: Fastserv on November 23, 2016, 04:37:14 PM

It is less expensive now. I used to sell at the price of 3 bitcoin each ZCash, but the price is only 0.089 now.

that still counts as insanely expensive in my book. it's gonna take quite a while before it's anywhere near settling and then people can get a better idea of where they stand. i hope the crazyheads who paid over 1, or several hundred, btc flipped it quick enough to make some money but someone somewhere along the line threw their money away forever.

that is what happens when people buy into the hype, the hype gets bigger and bigger and it helps the pump. people used to say Zcash is going to replace bitcoin,... in the early days and I admit it was interesting to see some altcoin finally more expensive than bitcoin but even then I knew it is not going to last long because a hype can only push the price up but is never capable of keeping it there.

People who bought at insane high price must be crying now. I was shocked to see the rate for 1 ZEC when it was launched, glad that I did not jump into to blood bath. Zcash is now trying to bounce back up from 60 levels and I think it may stay range bound for now. Once supply grows it may crash even further since I don't expect demand to pick up as we already have lots of zcash forks in the market.