ZCoin (XZC) - A Sleeping Privacy Coin
Trade this trade on Binance instead of Bittrex.
Binance is 0.05% fees (If you buy Binance Coin) and Bittrex is 0.25%. That's a huge savings. Click the link below!
This is the website for ZCoin
When I posted this trade on TradingView last night it was based on a call from @_tm3k, who's been Tweeting about it for a few days. I finally took a look at it myself and was like "huh..." and immediately bought some.
And then I started to actually take a look around the webpage and start to do some reading on it, and I was impressed enough that I decided to buy some more after I moved some funds around.
Now, caveat here is I've done an hour of reading and looking around. It's worth what it's worth. Do your own research.
Things I like.
XZC has been around for a while and has established history and price discovery.
Fantastic webpage that's well designed and functional. I'm in the same camp as Goldbug1 from TradingView in that I think marketing is what matters the most.
As a former salesman, I really have to agree that the best product doesn't mean anything. The best attention and the best closer means way more.
It's based on the Zerocoin whitepaper and looks to be a fork of Bitcoin Core with some additional modifications to Proof of Work that's more resistant to ASIC mining than Scrypt algorithms, and uses the Zerocoin method of burning a coin and minting a coin when transacting in order to ensure fungability.
The privacy coins are big. I feel that Verge is perhaps not fundamentally solid and is riding on a pump from McAfee. Monero is backed by a Blockstream sympathizer/inciter named Fluffypony, and I really haven't heard many good things about ZCash that pass the test.
So, ZCoin could be a real sleeping giant.
Trading for about $80 and with the same supply as Bitcoin at ~21.000,000, risk reward on this trade in the medium to long term is absolutely 19:1.
Let's get straight to the trading thread.In this post there will be:
- Trade structure, strategies, stops, and targets
- Multiple updates as price action progresses and as news progresses
Average trade structure post so far has gone on for 24-48 hours and has had ~10+ updates provided along the way.
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