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I'll give huge buy support in about a week  so dumpers, please wait for me!! |
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at least they are alive, or have bot that randomly signs in to bitcointalk ; ) |
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from an economical point of view, how many percent of a whole currency does the founder need to keep it stable? for a joint stock company it would be 51% i guess, but in the octo case? what do you guys think
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i think one of the most crucial things would be to make octocoin independent from bitcoin. as a matter of fact, virtually all altcoins use bitcoins as their bridge to the real world.
in an octocoin system with real life purpose, bitcoin could be "a single point of failure" and i believe the devs can't risk that on the long run.
so while octobank won't be the first app i guess, i hope it will soon follow.
also, they can't publish services that require high trading volume for now, they must slowly set the bar higher. like -> mobile wallet, some marketing, some online games etc.
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how's the weather wherever you guys are coming from?
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so now lets make this page disappear  .. the price is rising |
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Well, if you think about it, there hasn't been enough buy support over the last 6 months even for the devs to slowly sell and make very much profit. If you could prove the devs were only selling over a long period to slowly build profit then kill the coin I'd listen but there just isn't any evidence to support that. Plus you would have to have more than just the devs in on it. Bholzer and Fusion Hash would have to be in on a scheme like that. Neither of those parties have nothing to gain from helping a dev do that. If anything they would only hurt and kill their own reps and projects.
Since we do know that Bholzer has been involved in conference calls with Fusion Hash then I think it's safe to follow his take on it. We really only have info from him besides the devs.
As for the slowness, I think it's to be expected. When you are talking about having a bank for Octo and debit cards you start to run into things like dealing with banks and insurance companies and jumping through regulations. Those things take a lot of paperwork and time. I think Bholzer and the devs have both pointed to this as hold ups at some point.
I think it would be just pointless to sell early. I mean we have all been here for 6 months. I don't think we all like or agree with lack of updates but we also, all, are not privy to the devs Octo works schedules and tasks. We also do not know what types of issues they have ran into with losing some devs. We also have to keep in mind personal lives and families and real life jobs they may have.
I know it's not fun to worry about the time and money you have invested here. I know Joshycoin and I have had discussions about the amount of time and money we have put in here for 6 months. The only thing I know to do is have faith, be patient and hope it all pays off in the end.
Here's to holding on Octo! I'm sure in the near future we will start to see the fruits of their labor.
you are right. if they just wanted to make quick profit, they several times had the chance to hype, to spread news etc. the octo guy posting here is very skilled with words, he could have easily convinced many people out there to buy. you know what forum posts and a some marketing is able to do. secondly look at the carefully phrased octocoin posts, the professionally written wallet code. lots of effort, those people know what they're doing. HOWEVER, all this implies that the current situation is thoroughly planned as well. and if we want to see good news soon, we should support their strategy. and as soon as this post gets buried and new pages appear, i will stop spreading hope, and anyone else should do so until we hear from the devs again, so they can do with the low price/hashrate whatever they like and come closer to their defined target ... yet, everything here's just speculation |
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if the octocoin price just wasn't so susceptible to messages in here...
however, there's a lot of other things careful research would disclose
EDIT: and the big sell orders purpose is solely a psychological one i believe..
Maybe they put it there to avoid wild pumps, that inevitably result in a larger dumps because of shaken investor confidence? But this is all purely speculation, and none of it should be mistaken for fact. 1st) if one was smart enough to collect that much octo, why would he place this huge sell order at market with such low volume? 2nd) the price of 1111 sat seems quite random. every reaction inside the universe has a cause within the same "scope of action". Kennedy shot by an irrelevant lunatic.. who believes that? 2.5M octo placed randomly at 1111sat without reason..who believes that? 3rd) The placed amount didn't change over the last week. If anyone would be desperately trying to sell this stuff, he would use every possible chance. But the placed amount didn't change at all, not a few octos... 4th) it's much more likely someone <influential> want's to put sell pressure and lead the uncareful eye to believe there's no hope and to manipulate the bittrex stats, which are quite red right now... just my 2 cents EDIT: well there's always the chance, it's just me bragging on bittrex  but think of it... what would you do, if you were the dev... 0.8% premine... cmon |
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if the octocoin price just wasn't so susceptible to messages in here...
however, there's a lot of other things careful research would disclose
EDIT: and the big sell orders purpose is solely a psychological one i believe..
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We’ve invested various amounts of time, energy and money into Octocoin, based on claims from the developers.
It’s been eleven days since we were told the first app was expected to be released, and no app has been launched, and no news has come from the devs.
Must they tell us why nothing’s been released? No. No one can make them.
But I think the developers have a moral obligation to be more upfront about what’s going on.
I agree. The developers are treating this great community like crap. they are not, some day you'll understand.. just relax |
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“A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.”
-- Buffet
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i just hope whoever gets that chunk of octo wont dump after 2.5% profit  really looking forward to the day when demand rises but simply no sell orders appear |
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damn, 3.8 btc buy order  .. i wish i had that much |
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why do people always panic buy into sell orders when there's good news?
I mean, just placing a buy order on top would give them the coins much cheaper, no need to pay the spread
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cant connect to supernova..port 5000?
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compiling went like a charm!
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what about the fusionhash multipool? any updates?
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as soon as we start comparing us with others we'll feel unlucky. applies to every part of life anyway, i was thinking about buying some btc with fiat to get some more octos.. since I'm only at 250k right now, but decided against... there's always a second chance... and playing games with the godmode-switch enabled was never much fun to me |
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nice, more action on octohub.org!
ps: is the spinning stuff new? saw it on my smartphose some days ago, and there was only the logo
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Ok, I'm currently at about 250k but as a student this is already far above my money risk threshold. Now I'm just not sure if I should bet my last shirt on this coin...
IF the market cap reaches a value of say 10m, which is a realistic number IMO, then I'll be sorry not to have bought some more octos, when I had the chance.
On the other hand, if I take the profit then, spot another octocoin-like promising coin in the future and reinvest, this would be much safer.
What do you guys think: all in and hope this will be a one shot, one hit? Or play it safe?
If something is a above your risk threshold you are in effect gambling, and the game could go every which way, because you have intense feelings about it, and are bound to make mistakes and panic moves. Sort of. Unless you are a brilliant chess player. If you are not sure if you want to bet your last shirt, then you really don't want to do it ! You have plenty of Octo already, so you should be happy. Never bet more than half of what you can afford in a single purchase. I recently was tempted to go "all in"... I almost put everything in on "sure thing" investment.. however, even though I was tempted to go all in, i didn't, because I had my rule " never bet more than half of what you can afford", and guess what.. the investment turned out to be dud, and I lost 1/3 of that investment... boy was I happy that I followed my own rule... I think you should diversify your alt coin investments a bit more. It just makes sense, because in alt coin land strange things can/will happen between eye blinking. - so don't blink  Just try to find a coin that gives you the same vibes as Octo (hard), or you think that has some untold potential ? (many) Good luck! I agree. I have been advising people financially for a very long time and have always maintained a 20% rule. Having more than 20% of your portfolio in any one investment is very risky. If you have outside holdings to balance out your "all in Octo", that would help. I have been an Octocoin holder from day one (my son mined and I bought). I have a few coins that I think have a good chance of going the distance, but Octo is only the second one that gave me that 'chill up the spine, holy crap, this one is really different - it actually sounds professional' feeling. If you are looking to diversify in another coin that has a business plan mapped out for years down the road, extremely active developers, and a very well behaved community, then check out DNotes. That was the first coin that gave me that feeling. p.s. At this point I would not sell your Octocoin to diversify - find the money elsewhere, like selling the neighbour's barking dog! Hi, I guess I will stick with your 20% rule. sounds pretty reasonable! Actually I wanted to buy some more, but there were almost no sell orders left. And with the current hashrate I would need to rent some very big farms on betarigs. Anyway, I'm visiting the coin calendar everyday, in the hope that some promising new coin will appear before my eyes I guess thats the best strategy: patiently waiting for real coins with a serious vision. Though I'm a bit hesitant about coins with a completely new architecture, as I know how hard it is to create a completely secure system, when there are so many smart people around searching for security breaches etc. |
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