To Trade or Not to Trade.
Following are two news releases from Octoin. The first one proudly says that Octoincoin can be traded on one exchange. Then it goes on to say that holders of Octoincoin should NOT trade their coins there and that they should wait for other exchanges to open so that they can be sold for a higher price. What this really says is that Octoincoin is being traded on one exchange but it isn’t worth anything there! At least not right now.
The second release talks about how difficult it is to implement trading of Octoincoin on more “popular” exchanges (the implication being that the exchange described in the first release is NOT a popular one). So, Octoin again urges members to hold onto their Octoincoin and to wait patiently until it is possible to trade Octoincoin on a “popular” exchange. But, there is also some fine print in this release which is:
“Moreover, according to the numerous requests of users we are discussing the option of returning p2p exchange. At the moment, negotiations are going on. Legal and technical issues are being resolved. Follow the news on our website!”
I didn’t realize it but it appears that Octoin has disabled the p2p feature of there website whereby members can trade cryptocurrencies and, I believe, fiat currencies as well, among themselves. So, it appears to me that Octoin is trying its best to prohibit its members from trading their Octoincoin — even with fellow members. Does this require “negotiations?” Legal issues? p2p worked fine before….
Just so all this is clear….
First Octoin decides to pay its members their earnings in Octoincoin rather than dollars. Then it arbitrarily decrees that one OCC is worth $100 rather than $1 (for converting your earnings into OCC). Now, it’s doing everything in its power to stop members from disposing of their Octoincoin. There’s something funny going on, right?
And, all this is why Octoin is still on “Hold” listing in the EmilyNews monitor.
Bidding of OCC Completely Available in Xrates.
Bidding on Exrates started!
We are pleased to announce the opening of trading in a full-fledged OctoinCoin cryptocurrency on the Exrates stock exchange. Recently, the purchase and sale of OctoinCoin futures started there, and now each user can already enter OCC to the exchange from their wallets, buy and sell OCC coins in pairs with BTC, ETH, and USD.
Also, very soon the Yobit exchange will complete all the preparatory operations and also officially open the trades, free input and output of OCC. In the future, the list of exchanges that support our cryptocurrency will only grow, and the distribution of OctoinCoin will expand.
Therefore, we urge all users not to rush to sell their savings in OctoinCoin, but wait for the connection to other exchanges and, accordingly, the appreciation of the rate. OctoinCoin is a completely innovative cryptocurrency, which now only exists in a certain circle of people, which makes it more scarce and valuable. In this situation it is foolish to sell it at a low price.
Octoin – a new era of blockchain!
The Answer to the Popular Question. How Soon Will Trading be Available?
Octoin is negotiating with new exchanges!
Dear users! The Octoin team is actively working to make the OctoinCoin cryptocurrency trading on as many trading exchanges as possible.
Connecting new exchanges is a complex technological process that takes time. First, we conduct preliminary negotiations with each exchange. Then the cryptocurrency passes a multi-stage verification system which is carried out by specialists of each specific website. Only after that the cryptocurrency is allowed to trade. Technically, this is also quite difficult, it requires careful work of programmers and other professionals.
At the moment, we have been successfully negotiating with several of the most popular exchanges who are trading the cryptocurrencies. Soon, the list of exchanges on which OctoinCoin is represented will grow by many times.
Moreover, according to the numerous requests of users we are discussing the option of returning p2p exchange. At the moment, negotiations are going on. Legal and technical issues are being resolved. Follow the news on our website!
We thank all users of the Octoin community for their patience! In return, we make every effort to speed up the process of connecting new exchanges!
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