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.