{"id":3517,"date":"2018-03-07T04:43:24","date_gmt":"2018-03-07T04:43:24","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=3517"},"modified":"2018-03-07T21:21:08","modified_gmt":"2018-03-07T21:21:08","slug":"news-commentary-361-octoincoin-dead","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=3517","title":{"rendered":"News Commentary #361 – Octoincoin is Dead!"},"content":{"rendered":"

Value of OCC down to $6.<\/strong><\/p>\n

In News Commentary #338<\/em><\/a>, published on February 17, we announced that the value of Octoincoin (OCC) had dropped from $16 to $12 in roughly one week.\u00a0 We also pointed out that relative to BTC, the value of OCC has roughly halved dropping from OCC\/BTC = 0.002 to roughly OCC\/BTC = 0.001.\u00a0 Here is what we said about all this in that News Commentary<\/em>.<\/p>\n

In our\u00a0News Commentary #328<\/a><\/em>, we announced that OCC was being traded on the Yobit exchange.\u00a0 At that time, using the values of currency pairs listed on that exchange, I found out that one OCC was roughly equal to $16.\u00a0 Today I again referred to the Yobit exchange and found that BTC\/USD = 10,465 and that OCC\/BTC = .00113.\u00a0 Putting these two values together, like I did a week or so ago, it works out that one OCC is now worth around $12.\u00a0 Of course, these are only snapshot pictures of what\u2019s happening and the values of currency pairs can bounce around like a rubber ball.\u00a0 The bottom line is that the value of OCC isn\u2019t increasing relative to the dollar and it looks like it is decreasing.<\/p>\n

Relative to BTC, the value of OCC has roughly halved.\u00a0 At the time we published\u00a0News Commentary #328<\/a><\/em>, OCC\/BTC was roughly equal to 0.002.\u00a0 Now it is roughly equal to 0.001.<\/p><\/blockquote>\n

Just now (March 6), I again checked the Yobit exchange and found that BTC\/USD = 11,279 and OCC\/BTC = 0.00053029.\u00a0 Multiplying the two together, you find out that right now one OCC is worth around $6.\u00a0 Note that the value of the OCC\/BTC pair has again halved from roughly 0.001 to 0.0005.<\/p>\n

Perhaps the best picture of what is happening can be seen by the monthly record of the OCC\/BTC pair on the Yobit exchange.\u00a0 Here is the link to it:<\/p>\n

https:\/\/yobit.net\/en\/trade\/OCC\/BTC\/#1M<\/a><\/p>\n

Looking at this record, for all practical purposes, the value of this pair is now at ZERO. \u00a0The \u00a0record is a flat line at the bottom of the chart — kind of like an EKG when your heart stops.<\/p>\n

So, right now OCC is DEAD!\u00a0 Can it be resurrected? \u00a0Who knows?<\/p>\n

Next, I went to the p2p exchange in my Octoin <\/a>account.\u00a0 There are probably more than a thousand people trying to convert OCC into another currency. \u00a0I counted less than 100 trying to convert other currencies into OCC.\u00a0 So, the word is out.\u00a0 OCC is in serious trouble and people are trying to unload it while they can — even members of the Octoin <\/a>program.\u00a0 I sympathize with all the investors in Octoin <\/a>that had their dollars taken from them and converted to OCC at the arbitrary rate of $100 = 1 OCC.<\/p>\n

Octoin <\/a>hasn\u2019t said anything lately about OCC and how it is doing.\u00a0 It is surely not inflating in value like they want.\u00a0 I wonder if the folks at Octoin <\/a>will admit that OCC is in serious trouble\u2026<\/p>\n

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Value of OCC down to $6. In News Commentary #338, published on February 17, we announced that the value of Octoincoin (OCC) had dropped from $16 to $12 in roughly one week.\u00a0 We also pointed … News Commentary #361 – Octoincoin is Dead!<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2498,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-3517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","exalt-entry"],"yoast_head":"\nNews Commentary #361 - Octoincoin is Dead! - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=3517\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary #361 - Octoincoin is Dead! - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Value of OCC down to $6. 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