I watched it go from worth I think 44 BTC per Zcash down to about 0.1 BTC (which I bought one at, thinking it was bound to go back up at some point) down to 0.045 (where it currently sits as of Dec 18). I am really debating selling. But I also do think that if you do not risk, you will not get rich. Its worth a 100 CAD investment to maybe get it back to its beggining price making that 100 worth 44,000 CAD (BTC is roughly 1,000 CAD and worth even more currently.)
RE: Judge not a coin by it's first mover advantage.
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Judge not a coin by it's first mover advantage.
But if you look at that drastic decrease. they make a huge profit whoever made Zcash. They sold many rich people Zcash for $44,000 CAN each coin. and its now worth $45 CAN. That is thousand times less value. Giving its makers a thousand times profit. Definitely history and a record for Crypto-News.
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When Zcash was trading at those astronomical prices is was due to no coins being pre mined. So no the developers didn't sell a bunch of coins at those high prices but they do earn a certain percentage of coins mined for a certain time period i think.
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