also not everyone can afford to hold, some people need to sell to make back the costs of the elecetric used to mine the ZEC. large scale miners with a decent income from Crypto and those have been around a while with a good stack of BTC behind them can afford to do this but not everyone (or of course those will really cheap or free electric, those lucky people).

There are of course going to be those who are mining and selling whilst the price is still fairly decent because its how they will make the most money the quickest.

I see quite a few people on this thread keep saying but just wait until the coin is picked up by a dark web market or ransomware asks for it to be paid to a z wallet but what if this never happens?  its quite possible that ZEC doesnt have anything major happen and it just becomes another coin to mine. You could be holding on to something that eventually ends up being worth less than monero or eth.

At the time of me writing this ZEC is struggling to stay around the $50 mark.  Now the slow start has ended and the supply of coins gets greater I can only see the price going one way and that is down unless some major news is announced that the coin has suddenly become useful.