Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BTCZ] BitcoinZ - zkSNARKs 21b max POW-Equihash No-Premine No-Dev Tax
by
brooklynite1
on 29/04/2018, 07:14:29 UTC
How many video cards do you have?
I'm in a dilemma, I don't know if I buy mining equipment or if I buy the coin.

To answer your question, in today's mining situation, the outlook for GPU mining is not so good. All miners from recently released ASICs will rush into mining Equihash coins, out of which BTCZ is the most profitable.

But again the liquidity is so low in BTCz you cannot purchase a lot. For example right now on TradeSatoshi a 1BTC market buy order ($7000 in USD) will push tbe price of BTCz to 62 Satoshis. This is why this is a sleeping giant, when a small whale comes in, it will explode in price. The current marketcap is a joke for a community driven coin with so much dev time and mining hashpower inevsted in it. Look at EOS for example with a semisecret team, shady business who doesnt want to register as security in the USA who knows why, and very little development and massive marketing budget and paid actors on YouTube it has a market cap of 1500x times BTCz with less development done on it and no mining power backing its network.  

So if a lot of miners will jump in may the price also rise to for example 0.1-0.4 usd in near future ?


I think 0,1$ is realistic in near term (154 M marcet cap) but it depends on BTC price. 1250 satoshi/coin is relailistic in this year, but big and good marketing is neccessary! We are very weak in marketing..

That's almost 2500%. That would need a lot of buying pressure to push BTCZ up so far beyond doubt.

The thing is when it happens you may find out too late. That's why I'm buying every day and putting it away. Those who mine and dump will regret just like I traded millions of DOGE back in early 2014 for a few bucks. I had no idea..

Did you see how VOT went from 115 SAT to around 550 SAT today? That's how BTCz could jump. You check the next day and its 200 SAT and two days later 800 SAT. Difficulty will massively jump and dry up liquidity for miners.