Is this a Bad Sign?
Today (March 8), as is my custom almost every day, I checked the Octoin news listings on their website. A strange thing is happening. On March 6, there were reports on conferences in Indonesia that took place on February 17 and 18. That news was over TWO weeks old and doesn’t really qualify as being news anymore. But, worse yet, on March 7, there was a report on a conference in Indonesia that took place on February 10. That’s getting close to a MONTH ago. That’s definitely not news. That’s HISTORY!
A month or so ago, every day, Octoin had CURRENT news about a recently completed or upcoming conference. It appears that this era is over and that now Octoin is scraping the bottom of the barrel looking for news items to report. This is not a good sign. Perhaps the end is near.
In our recent News Commentary #361, we reported on the declining value of Octoincoin (OCC) as well as the fact that members of the Octoin community appear to be trying to unload their OCC on the Octoin p2p exchange. That is not a good sign either.
I hope that, if Octoin does close, its administration will give serious thought to at least partially reimbursing it investors. The company did them a disservice by unilaterally converting their dollar investments to OCC. So, many investors that would have been earning dollars over the last few months, have earned nothing. Somehow, this appears to be worse to me that the way the typical HYIP closes its doors. Perhaps this is because Octoin has repeatedly bragged about how wonderful its program is and how valuable OCC will be. Perhaps the Admin should read the article in HYIP Insights #7 entitled “Honesty is the Best Policy.”
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