The white line on this chart represents the second in history and most recent Bitcoin halving. Notice the bullish price action that followed. Simple economics really. Supply is reduced whilst demand increases.
I believe the same future lies ahead for ZEC. A privacy minded fork of BTC that has survived this market for years. There was much dislike for an initial high inflation rate with this coin. Either way the supply was cut in half today and I think few are paying attention. Along with the inflation rate is a founders reward. The upside to the reward in my opinion is a well funded project.
This post is for me to document my frame of mind and look back on it in 12-18 months to see what fate delivered. Not investment advice.
After first BTC halving November 28 2012 price went from roughly $10 - $1000 in one years time. This is equivalent to 100x return on your investment. A 100x to Zcash at current levels would mean a $6-7k ZEC token. This is by no means a guarantee that will happen. Im simply stating that this is possible proven by the fact that it has happened in the past.
Given the problem with transaction data on BTC at enterprise level "Privacy" coins will become of great concern. ZEC and the corporation behind it are more than positioned for this new trend.
Guess we'll see where the dust settles.
Place your bets.
Not Investment Advice.
I believe the same future lies ahead for ZEC. A privacy minded fork of BTC that has survived this market for years. There was much dislike for an initial high inflation rate with this coin. Either way the supply was cut in half today and I think few are paying attention. Along with the inflation rate is a founders reward. The upside to the reward in my opinion is a well funded project.
This post is for me to document my frame of mind and look back on it in 12-18 months to see what fate delivered. Not investment advice.
After first BTC halving November 28 2012 price went from roughly $10 - $1000 in one years time. This is equivalent to 100x return on your investment. A 100x to Zcash at current levels would mean a $6-7k ZEC token. This is by no means a guarantee that will happen. Im simply stating that this is possible proven by the fact that it has happened in the past.
Given the problem with transaction data on BTC at enterprise level "Privacy" coins will become of great concern. ZEC and the corporation behind it are more than positioned for this new trend.
Guess we'll see where the dust settles.
Place your bets.
Not Investment Advice.