This is going to likely be one of the rare coins that won't have a big initial dump following the (inevitable) rise just because the rise will surely remain slower and steadier than average (if history tells us anything) and there really aren't
that many coins out there (< 25,000,000 right now with
only 86,400 new coins being minted each day... and even that will drop a bit at some point soon I believe). I mean, I deposited a bitcoin in Bittrex yesterday hoping to buy up enough 888 to finally put me over the "magic" 1,000,000 mark and literally just kept moving my buy order to the top of the buy book over and over - I got ~1,100 888 so far - it's crazy. I keep waiting for somebody to just unload a chunk but nobody ever does. I got impatient and (stupidly) dumped around 50k yesterday to knock the price down a bit before I put my buy order back out (hoping to induce a brief mini-panic and have somebody fill my order) -- didn't work
So now I have fewer Octos than when I deposited the bitcoin and I've come to the realization I'm not going to be getting any bargains. Obviously things are pretty under-valued and we're flying a bit under the radar which is great for everyone currently involved. I pulled my buy orders off the books and will just have to attack things strategically and put some elbow grease into it. I've literally never seen a market where it's this difficult to buy - you can snag a little bit here and there but you can't put big buys out and ever expect them to get filled. Beyond that if you want to scoop up some sell orders, a decent-sized buy could jump the price up 20% or more. I know I sound like a broken record complaining about it but this is a very difficult coin to acquire. It's been difficult to mine almost the entire time and I was hoping for a chance after the reward reduction but the network speed just kept chugging along making it even more difficult to mine.
I have no idea what to expect for future value - it will really depend on how things unfold. I know the "main crew" in this thread alone probably hold 30% of all of the Octos and nobody is going to want to sell them until we see what's in store. Beyond that, there is hardly anything else worth buying right now. I've been buying Murraycoins (my own coin!) for the better part of 3 months and have about 40% of them now - I think it's time for a break
Not that I don't believe in my own coin - it's nice knowing I can trust the dev (which isn't always the case these days) - but I need some exciting plays as well that don't completely rely on me to take off.
Everything else has either laid all of its cards on the table already (and not impressed me), or, in the case of Litecoin, still has plenty of potential but is just slow and boring. I believe LTC is quite undervalued right now but I have a decent stash of LTC and it's just not that exciting. I purchase BTC at the end of every month and typically I liked to put half of my BTC into alts; lately, I've just been sticking with the BTC other than the few Murraycoin buys and my failed attempts at acquiring 888.
With everything else getting a bit stale I think this thing is going to explode once they start releasing their projects, get listed on MintPal, and start marketing. Like I said before, this is probably the most stable altcoin value-wise over the past 3 months - a few little spikes and dips but not the usual 1000% rise followed by a 2000% drop we're used to seeing with every other coin. It's also really hard to acquire. People want Octos; that doesn't mean they won't try to pay the lowest possible price but, at least in my experience, putting out buy orders is hopeless even if you're on top.
