I see a lot of people pondering whether or not to buy the recent Zcash price dip. As I think the price of ZEC will eventually surpass the price of BTC, I still recommend buying a little bit of ZEC every week to accumulate before it adds another zero to its price.
As the price of Zcash (ZEC) has dipped to about the same price as Monero (XMR)($500), I think it's a good buying opportunity for ZEC. For a little while, the market will compare the Monero network to Zcash network, and eventually the market will decide that ZEC is more valuable than XMR ($500). Just as BTC hovered around the price of gold for a while before the market decided that BTC was more valuable, I foresee the ZEC price hovering around the price of gold ($5,000) before moving up to challenge the price of BTC ($50,000). As the Zcash network is an upgrade to the Bitcoin network in almost every way, the price of ZEC will most likely exceed the price of BTC in the next few years.
Recently there was an emergency bug fix for the Zcash network. The bug could theoretically allow a bad actor to create infinite ZEC, and there's no way to know. So in order to make sure that the supply of ZEC is what it should be, people will need to send their ZEC to their transparent address and then when the new shielded pool is launched they can then reshield their balance.
For people that have Zcash on an exchange such as Coinbase, their Zcash is already immune to the bug. But, for people that have shielded balances on their Zcash wallet apps they can simply send their balances to their transparent deposit address to prepare for the upcoming Zcash network upgrades.
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