Bitcoin maximalists would have you think that because of bitcoins first mover advantage, any other coin is a scam. Some like Tone Vays would go a step further and rather you did not invest in real alt-coins like Steem but rather only invest in scams like Zcash. Which only serve to make Bitcoin maximalists like him richer, since they can quickly buy cloud mining or turn their rigs to some scam alt and dump.
At a time when Bitcoin is about to contentiously hardfork, anybody looking to keep their value should be looking directly at alt-coins. We all know how much Bitcoiners hate going back in to fiat. This helped fuel the rise of ETH the last time Bitcoin fell in price.
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.)
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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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