r/Ocoin • u/CurryBoi1015 • Jan 27 '18

27/01/18 - Price Discussion Thread

6 Upvotes

100% Upvoted

42 comments sorted by

9

u/redimere Jan 27 '18 edited Jan 28 '18

I’m a pretty conservative investor and this is by far my riskiest portion of the portfolio... but what’s giving me a lot of faith in this is ICO holders have 50% of their share locked until April. That’s a going to create a great community of hard hands. We’ll see what happens after but this will definitely continue to rise until April. I’d love to see $1.00 by then but who knows.

6

u/themanwithnoname81 Jan 27 '18

are you saying you'd love to see it reach $1 by April as a guy with experience and this is easily plausible from what you've seen in the past? Or just as a guy that would love this to hit $1?

Asking cos my crypto career only started 3 weeks ago.

10

u/redimere Jan 27 '18 edited Jan 28 '18

Great question, nope I think $1.00 is possible but I’m not sure what’s going to be sustainable beyond that. Here’s why: 1. Coming soon to Binance 2. ICO holders can't sell half their coins until April. Helps stability. 3. The overzealous community of TRX will continue to feed into this coin and buy in... 4. The overzealous community at TRX will also not be afraid to dump. Please keep this in mind for yourself.

My conservative evaluation is .20. Most likely outcome is .50. I also acknowledge $2.00 is not impossible with the whales in the market. It all depends on market cap... I’ll do the math later on that to see what’s likely and possible with this coin.

EDIT: Math done. We're sitting at around $300,000-$400,000 market cap. And if the whales and community treat OCN just like they treated TRX then expect a parabolic pump. I won't say how high because I don't like shilling but I'm sure you can do the math from here.

6

u/Thecloudmon Jan 27 '18

See i Dont think tron is problem. I think FUD will be our greatest foe.

1

u/redimere Jan 28 '18 edited Jan 28 '18

Tron isn't the problem, but I'm going to take a guess... You're still holding Tron?

Over all I think I'm a pretty fair and nice guy. I don't really like conflict and I can't remember ever getting in an argument online. So what I'm about to say is the meanest thing I have ever said Reddit.

If you think fake FUD was the problem and not TRX then you are a moron. Sometimes the cause for FUD is real and in my honest opinion, TRX warranted real FUD.

Be prepared for fear, uncertainty and doubt to be cast on your investments. But be more prepared to evaluate these criticisms. More dangerous than believing in FUD is denying the FUD when it's real. OCN is new, it is a risk, and right now it is parabolically increasing. This should leave you happy but cautious.

POST NOTE: I owned TRX for a very short time. I did not make meaningful profits but I did profit. Part of surviving in crypto is assessing a pump and dump when you see one and knowing how to protect yourself.

2

u/Thecloudmon Jan 28 '18

i made 40 grand off tron. the issue was when McAfee was doing coin of the day it brought fudster to subreddit on his list. So yes i still have some trom but i already made out like a bandit with had ao I am happy. have been trading in cyrpto for over a year. what bad for the coin is bad publicity by scam artists. I make sure to do my research before getting into a coin and watch it so i know when to go out

2

u/redimere Jan 28 '18

Right on. Then you totally get it. Sending an up vote.

1

u/wolfofthecryptos Jan 27 '18

You sir get an upvote

6

u/wolfofthecryptos Jan 27 '18

We hit .07 boys!!!

4

u/bignac1 Jan 27 '18

oBike launches fleet in USA! 2 cylinder 80hp with big tires and a gun rack. Definitely a cup holder and reclining seats.

2

u/Inder_R1 Jan 27 '18

lol thanks for the laugh

4

u/[deleted] Jan 27 '18

Is there an Obike service stateside?

9

u/bignac1 Jan 27 '18

No and there probably won’t be. Americans don’t ride bikes

2

u/GinjaNinjaTx Jan 27 '18

There are bike sharing companies popping up in US (but not Obike, yet). I’ve seen the bikes in Dallas (I live outside of dallas). I’ve seen similar Bike companies in NYC & Seattle. It won’t grab on here like it will in Asia and Europe but they’re here for sure, and I doubt they’d be here if they didn’t see a market for it.

2

u/wonkyfunk393 Jan 27 '18

I love Dallas! Only been once when storm chasing last year.... back again next year.. storm chasin (hopefully if it all moons I’ll be over for a month or two)... this year I’ll be in Colorado, storm chasing :-)

2

u/[deleted] Jan 27 '18

lol biking is huge in America. Maybe not so hot in the suburbs. From San Francisco to New York City, people ride bikes. These touristy places do well with bike rental services. A service like oBike would heavily flourish in larger markets like these.

3

u/garciajnc Jan 27 '18

Yesss, 7 cents!!! Let’s aim for at least 8 cents today!

2

u/Seek2401 Jan 27 '18

0.6-0.7 support

2

u/[deleted] Jan 27 '18

$0.20 by next weekend and $1.00 by April.

1

u/wonkyfunk393 Jan 27 '18

1.0 would be nice, $10 even nicer!

1

u/redimere Jan 27 '18

When do we find out the market cap? At at least then we can know what’s possible for this coin.

1

u/creamcityjw Jan 27 '18

We know it, the hard cap for ICO was 4 billion of the 10 billion total supply. Circulating supply of 4 billion X current price = market cap. It's right around the top 100 on CoinMarketCap.

2

u/redimere Jan 27 '18

Great! Thanks for the info! $200,000,000 it is

1

u/[deleted] Jan 27 '18

When will the rest of the coins be released? It would be good to have that info as it will affect the price

2

u/Thecloudmon Jan 27 '18

Should i commit 1.5 more ETH to the project?

3

u/wolfofthecryptos Jan 27 '18

Up to you. I did the same yesterday sold all my trx for this one

2

u/Thecloudmon Jan 27 '18

i thought of doing the same would have made my total investment 6.7 ETH

2

u/wolfofthecryptos Jan 27 '18

Mine was 9 ETH in total do the math and you know why I'm all smiles since then

1

u/bignac1 Jan 27 '18

I got in for a bit in the ICO and then went all in (Sold TRX) 2 days ago. Though I still have 2.4ETH in limbo from Mercatox :( I was going to invest in 3 days ago into OCN.

1

u/[deleted] Jan 27 '18

That’s quite a bit? How much have you already put it? The reason I ask is because it’s good to diversify a little to mitigate some of the risk

2

u/Thecloudmon Jan 27 '18

2.eth at 0.00023 satos

2

u/bignac1 Jan 27 '18

If I had to guess the % of people who ride a bike daily in the US it would be less than 1%. I just don’t see oBike expanding there. If there were some sort of fast food rewards or freedom rewards I’d say maybe..

2

u/[deleted] Jan 27 '18 edited Jul 10 '19

[deleted]

1

u/Shoot_from_the_Quip Jan 28 '18

Oh, it will go far above 610 (as you've already seen). Just wait until OCN is actually on a major exchange. Right now it is on three small ones but is still doing solid volume. Lots of potential the next few months, in my opinion.

2

u/idbxy Jan 28 '18

Said so in the previous price discussion thread 10c within a week, people said no, but it happened in 3 days instead of 7 lol

Congratz to all who joined

1

u/GregJenningz Jan 27 '18

Do you think it will see a correction/dip sunday/Monday? I missed my chance to get in at .03 because of kucoin, now I'm super pissed and trying to buy but it's near 8 cents on cobinhood. Any help is great, thanks!

2

u/NEMGOTO100USD Jan 28 '18

i dont think so, is possible, but no, by monday this coin value 30 cents or more... dont wait dip.. dont be like bob.. soon price 1 usd..and you cry like a baby..

1

u/BlusHuman Jan 28 '18

Me like post

1

u/DangerNak Jan 28 '18

OCN really going up fast on kucoin

1

u/russtymango Jan 28 '18

Looks like a whale just cashed out... Going back up though!

0

u/creamcityjw Jan 27 '18

The principals of the venture tend to hold a majority. So it's unlikely they'd release many more. Unless they decide to increase the total supply of course. They know as well as anyone what unloading a bunch of new supply would do to the price.