[ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink

[CryptoBroker79]

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.

[he-man]

big wall, late news. accumulation going on?

[th0ms0n]

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

[mafort1469]

I shall hold.

[frameLAlife]

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.

[frameLAlife]

Does anyone know the price on that 2,500,000 888 sell order? I can't view the entire order book on Bittrex.

it's at 0.00001111 with a total of 28.5973 BTC. But I don't think Octo will reach 0.00001 soon...if ever.

isn't .00001111 btc = .0053 usd?

that's like half a penny which it's already been at and held at for quite some time in it's 6 month lifespan. in fact, it's been above a penny a few times, though only in short stints and with only a small amount of buy support.

[frameLAlife]

P.S. for the one asking about the 2.5 mil order. by default it shows top orders under summary. if you click right on order book it should load all of the current orders for you.

[th0ms0n]

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

[frameLAlife]

agreed.

[th0ms0n]

so now lets make this page disappear .. the price is rising

[th0ms0n]

how's the weather wherever you guys are coming from?

[SquidsIn]

how's the weather wherever you guys are coming from?

lol, cloudy but not quite dull here today (West Midlands, UK)

[madmartyk]

how's the weather wherever you guys are coming from?

Sunny and 80 here in the Chicago, IL USA area)...

[LeFiste]

[GWCalvert]

Is it an octotroll or a trollopus? 

[frameLAlife]

lol it's hot as balls here.... Paducah, KY, USA.

[syncsam]

Heres a picture from my lunch today



should have found the number 8 to add to it

[LeFiste]

Heres a picture from my lunch today

What did you eat? Fried squid rings? 

[syncsam]

rocky mountain squid oysters

[Stonerboy]

Heres a picture from my lunch today



should have found the number 8 to add to it

Where are you from, syncsam?