Quote from: owaisted on October 10, 2016, 12:09:07 PM

I think the price will rise again. I speculate this as although the price has come down, the volume traded has remained steady. And looking at the trends (some basic analysis) the price has fluctuated sideways and comes back up immediately after going down. My reason for saying all this is to ask you, whether I am thinking in the right direction. Noobs gotta ask.

As I expected the 1 Billion Dollar bubble on ETH just bursted. More than 100.000.000 Dollars are already gone.

XMR / BTC are a safe harbor for money. The growing rate of XMR is for sure higher than BTC (~20% the last 6 days). So everyone who is smart moves his money to XMR or BTC. For me they are directly connected. The release of zcash is going to be interesting. From my POV the company hired some guys Trolling around, spread fame about zcash and talk down other coins. This coin is going to be good for XMR.^speculation

Why?

1. Its marketing, zcash trolls are going to argue/compare with XMR
2. Zcash bubble will burst (zcash is going to be a bubble and i assume kinda to be a scam in the end)*²
3. As soon ppl. realize that XMR is solid, real and superior they will switch.

If XMR has a working GUI at this point, the red carpet for XMR is rolled out.*³

*² Futures are already traded with 90$. And there are plenty of other reasons what makes me believing this.
*³ Factors who could bring XMR to struggle: AlphaBay exits business, no GUI. Moreover the company behind zcash has a lot of marketing and could use it to fight against any competitor. Could get ugly. But XMR will win this will happen

Well for now I just hold my coins. Daily trading is kinda boring here. When I close my ETH short I'll open either a new one with Zcash or just reinvest to buy XMR.

pps. just saw the last debate between Hillary and Trump....poor US, so done.