Zcash (ZEC) is another form of crytocurrency with its main differentiation being that it provides methods to make private transactions. Personally I can’t really think of when I’d need to use this feature but from a speculation point of view I’m interested because I’ve seen how much Bitcoin and Ethereum went up in value and I can see something similar happening with Zcash.
So I’m tempted to try and buy in early and see if the value rises. But I haven’t bitten the bullet yet and I’m not entirely sure why.
I guess one reason is it’s not super easy to buy, it’s not hard but it would still take a bit more effort than going to coinbase to buy BTC or ETH and that seems to stop me.
Also whenever I look online for guides on how to buyZEC there are usually guides on how to mine it too which looks like a “free” way to get some (ignoring the cost of time and electricity) and of course I’d rather get it for free!
Another reason is I’m afraid to loose money, I wouldn’t be buying a lot but I think I’m naturally risk averse when it comes to parting with cold hard cash.
Current price at this time is $43.91, will I miss out…