This alt world is great. I remember when doge was 19 sats i put a thread to sell it OTC for 22. Lots of people shouting that i was crazy. I closed the thread and sold it later at a much higher price:) so thanx BTCtalk trash-talkers for that. From that moment on i´ve been only using it for etra short term deals to increase my BTC a little.
People are always under the impression that OTC deals supposed to be cheaper than the deals found under the market, specially for big volume buyers.
Example: Someone wants to buy 200,000,000 DOGECOINS and the price on the market was at 19 satoshis, they would recur to OTC deals to buy it from someone who no longer wants it, for presumably the same price, 19 satoshis, and the seller would get to dump all those 200 million DOGE's at exactly 19 satoshis for each one of them instead of dumping it on the open market where the starting price would be 19 satoshis, but as buy orders are fulfilled you end up selling at a much cheaper price, that's if you did a MARKET sell, you might end up selling at 1 satoshis for the last group of coins, or end up creating a large buy wall at 1 satoshis because you just ate all the BID orders.
Lets say you wanted to sell at the time 200 million DOGE's, the interested party here is you: you want to get rid of these DOGE's, you know you can't get rid of it on the open market for 19 satoshis all at once, you are impatient to let it wait on a LIMIT order at 19 satoshis or higher specially if you need the resultant BTC to invest into something else pronto (eg. an ICO, etc), so therefore you would have incur more interest from buyers by listing it at 19 satoshis matching the current market price of the time.
Your price of 22 satoshis when the market price was 19 satoshis also could have its market, lets say someone wanted to buy 200 million DOGE's that person would know that doing it on the open market would not give him a good deal on the long run, so if someone wants to PANIC buy, then buying it from you at 22 satoshis would probably make more sense for the buyer instead of going to the open market and submitting a MARKET buy for 200 million DOGES that no doubt would have pumped the price to the detriment of the buyer.
Well, anyways if you did not tried to sell something large such as 200 million DOGE's by OTC and you wanted to sell something smaller, such as 100,000 DOGES, something that could easily be absorved by the open market on the same satoshi price value, then doing an OTC for the higher price was not going to yield you any results you wanted.
Well anyways with all said and done, at the end the price of DOGE ended up going naturally high and you were able to sell for a higher price than your original OTC plan.
