Quote from: cryptohunter on January 02, 2014, 01:05:58 AM

Quote from: VERUMinNUMERIS on January 02, 2014, 12:32:24 AM

Quote from: cryptohunter on January 02, 2014, 12:25:24 AM

Quote from: VERUMinNUMERIS on January 02, 2014, 12:21:26 AM

Quote from: JohnathanCity on January 01, 2014, 11:45:50 PM

Looks like CENT/XPM saw a little action today...

I just added another ~11 billion CENT after finding out Cryptsy owns trillions of it. If they add cent as a base currency, which is much needed anyway, that would guarantee a price of at least 8-10 XPM-Satoshi. That alone is worth the risk although I think there's much more potential here in CENT.

It's too bad I didn't know about this in time to get some of the massive interest. I'm happy I got in at the rock bottom .00000001 XPM, however. Thank God for that.

Now let's get Jan 8th done with and see what happens soon after that.

cryptsy probably been dumping it as they get it, there is no guarantee they have huge amounts left. Cryptsy really should have devised away to give interest back.

They might have been dumping when people were paying LTC For it but over the last couple of weeks there was little to gain by selling at 1 XPM-Satoshi, which gave them plenty of time to accumulate at least a few trillion if not significantly more.

And it's clear that they'll need a good alt coin for coins like CENT and when will they ever get their hands on such a massive chunk of another coin like cent and not have that coin be a total fraud? Cent is perfect - even the name is perfect and it has a good history so unless Vern and John are totally clueless they saw this coming a while ago and have amassed at least a few trillion coins to jump start the new base currency with.

And I doubt everyday joes like us have been buying up trillions of CENT when most people already had CENT and accrued huge interest payments. The ones who didn't mostly bought a few billion coins as a spec play but it looks to me like someone has been accumulating trillions of CENT and that is still going on which means the primary objective was not the 10X interest deadline.

We will soon find out. I'm now nearly 5 BTC-deep in this thing. lol, I hope my theory is right.

What makes you think a few select people are buying trillions of cents? i am actually interested in this.

Educated guess.

Look at the volume, over a trillion CENT is being bought daily. It's clearly too late for th huge interest payment so why would regular joes be buying in at this point? Maybe a few regulars are buying but most buy a few billion as a spec play so that means someone else is buying large amounts and given there's rarely lots of people willing to take that kind of risk I then conclude that most of the volume is a few select guys with some kind of plan.

Afterall, if you had the money and pull to create a fourth market on Cryptsy using cent, which is actually needed and it makes perfect sense, you can easily make a quick 10 fold from here and if you've got a real plan you can make much more.

Now just imagine what happens next week when trillions of newly minted CENTS stop pouring in. It will definitely get interesting as most miners dumped what they wanted to dump before the price got to 1 XPM-Satoshi and I'd bet anything a massive amount of CENT rests in the hands of a select few, and Cryptsy should be, by far, the largest holder.