https://www.tradingview.com/chart/XZCBTC/nsvjVpTK-ZCoin-A-Dark-Horse/
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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.
== Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
https://dafoh.org/petition-to-the-united-nations
 

60.0¢
$1.00

Reviews
10 of 11 reviewers say it's worth paying for

1 of 11 reviewers say it's not worth paying for

Comments
  spent 20.0¢
FluffyPony really does give Monero a bad name. He's an awesome dev, but his BS core sympathy hurts the whole project. Not as bad as Luke-Jr, but...
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   9mo ago
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The Monero Project is all about the tech. It's just that good. I don't give a crap how fat pony shills as long as XMR tech is rock solid.
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   9mo ago
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DarrenW is correct - it's misleading to say Monero is "backed by" FluffyPony or ANYONE for that matter. Riccardo ("FluffyPony") really isn't even one of the more important Devs on the Monero project team: he's mainly more of a PR spokesman and he runs the leading web wallet, sure, but whether you agree or disagree with his politics in the block size war it hardly matters when it comes to Monero's outstanding cryptography and the math of its design.
This is the first major disagreement I've had with anything R&M has said in all their posts, so far, and I wanted to comment here on it *also*.... because it's NOT the first time I've noticed an emerging trend lately, for seemingly pro-BCH people to start shit-canning and lumping Monero in with some kind of Blockstream-Core controlled agenda.
Whether or not something like that IS going on, I do not know ... but FWIW it should not succeed in affecting Monero at all for anyone who really knows what it is, and how it works. Do your own research and understand the technology before you let any sort of ad-hominem insult directed at one guy, one personality, dissuade you from a coin with superior tech.
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   9mo ago
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@KeyJockey - I actually do believe Monero tech is good. I haven't done a lot of research into it but I did look at it in August. What convinced me on it is when the US DOJ broke down that one group of dudes in what I very vaguely recall as a darknet market and couldn't identify in their dossier how many Monero they had.
I mean, the Government isn't necessarily that skilled, but for them to have to completely concede the point was telling.
My point is mostly that anything that shows connections to Core has to be given at least a level 1 suspect tag. That being said, I try to be as reasonable towards everything as I can.
I'm bad enough as it is at not being verbose too.
By all means when I'm wrong, feel free to comment. I've come to where I am today entirely because of all the people smarter and more experienced than me.
@Codemojo - You might want to look at longer term charts on XVG. Keep in mind it's Dogecoin Dark.
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   9mo ago
  spent 20.0¢
I am also not sure about XVG, it hasn't yet been proven like Bitcoin tech. But how can you be sure about ZCoin, all these new coins have a lot of work to do before they will prove they are solid. I just discovered Enigma (ENG) and if you want take a look at it, it is another privacy coin with great potential IMO.
As far as marketing goes, XVG has been attracting 10x more users than ZCoin these days and I'm talking in terms of percentage. So until I see a decrease in user growth my privacy coin money is with XVG (and some in ENG now).
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   9mo ago
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  spent 20.0¢
Back in the early days of Monero basically all of the devs were anonymous and wanted to stay that way. I think that Fluffypony was the only one that came out to be the spokesperson for Monero so he could go and do the same stuff that Charlie Lee does for litecoin. Shill on TV and be the face of the coin. He was never the primary developer though. I think Tacotime and othe were the ones that were doing most of the real work on the project. This is what I remember from when I first got into the coin in early 2015.
Either way I started getting into Monero in 2015 for the same reasons I am into Bitcoin Cash now. Their developers recognized that Bitcoin had series issues with scalability and a divided community. They were working on making the protocol scalable early so later down the road when the project was bigger their wouldn't be any arguments about what to do, the protocol could take care of itself. I think that Monero was one of the first coins to implement a dynamic block size. They still have work to do but at least they recognize the problem.
When fluffypony takes the blockstream side of the BTC scaling debate I have to wonder how sincere he is. It seems pretty contradictory to what he was saying a few years ago and definitely contradictory to Monero's road map of keeping on chain transactions available to everyone with 2nd layer solutions also in the works. Is he purposefully encouraging BTC down the wrong path, the opposite path of Monero, so that his coin wont have BTC standing in its way?
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   9mo ago
  spent 20.0¢
@Evan LOL that's a great observation 😂
Fluffy's a notorious TROLL by his own admission and his antics often go 'whoosh' straight over a lot of people's heads, leading to judgements far different than the "reality" that Ric himself believes.
Problem still though is if he's playing chess while critics play checkers, OR he believes he's playing 3-D Intergalactic Chess while his critics play regular chess while observers think it's all a simple game of Tiddleywinks... ??? LOL It's crypto-world: who the hell knows what's ever real, or A Riddle Wrapped In A Mystery Inside An Enigma 👽
P.S. {Edit} Re: back on-topic of this article... unless/until ANY of the other so-called "privacy coins" are actually adopted for real USE by even ONE of the leading dark-net markets, I'd personally advise staying far, far away.
Only XMR so far has made that grade, and the stakes for the REAL players (literally their freedom, and even life or death in some cases) in this game are SO high that only *their* judgement should be all that matters.
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   9mo ago
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Thank you for continuing the updates. The number of Znodes has been steadily climbing. Each Znode locks up 1000 coins and takes them off the market. There are currently 1534 according to the Zcoin core wallet so that is about 40% of the available supply. The Znodes are very profitable right now and if you wanted to buy 1000 coins on exchange I think it would be very difficult without significantly driving up the price. There are less than 11,000 Zcoins on the sell side on Bittrex as of right now.
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   9mo ago
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Hey Rivers,
XZC seems to be poking its head out of a triangle atm. Do you have any ideas on the current state of the chart?
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   9mo ago
  spent 20.0¢
Are you still in XZC or have you closed your position? What are your thoughts on the current situation?
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   8mo ago