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LastBattle
Dec 1, 2016 11:12 AM

Possible floor for ZEC 

Zcash / BitcoinPoloniex

Description

Watching this level for any significant demand, could be a nice bounce trade ahead.

Comment

It is likely that this floor will be broken, since bitcoin have just broke the previous highs of this year.

Comment

Nope. Crashed below 0.07.

Waiting for a better bottom.

Comment



0.01? :D

Comment



Watching 0.046... bids there.
Let's see if this may finally be the bottom.

Comment

s3.amazonaws.com/tradingview/snapshots/t/tErtGUuQ.png

Nope. This level is unwanted too :D
wait for better bottom before buying
Comments
ChristopherFelix
Demand for zcash is limited by the wallet. Let's face it, linux isn't stable. It's hard to install and you could lise your wallet if you get a endless login loop. Not sure how to recover it, luckily it was empty. Supply is up, 12.5 per block issues every few minutes. It'll probably never fall to a few fractions of a cent but expect it to fall until a stable windows wallet is out and the currency can be used by the public. Demand is growing slower than supply because Linux is difficult.
zoro00777
it is possible that zcash can bounce back to 1 btc in the future long hold market?
LastBattle
@zoro00777, doubt so.... the supply of ZEC is 21 million like bitcoin.
It is impossible for it to be priced at around or higher than a single bitcoin, at least for now as far as I can see.
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