SLC Flyfishing
Fish Crazy
It depends on species really, they all vary quite a bit in size from a few centimeters upwards. Personally I would steer towards a different type of octo though as the blue rings are very dangerous to keep due to their venom as well as agressiveness. Alot of people get attracted to these by their bold colourations but these are only displayed when the octo is angry, the rest of the time maintaining bland colourings. Couple this with their small size and lower activity compared to many other species and they have very little going for them other than a fearsome reputation. It is a pity that this reputation causes many to buy one based on that alone, not knowing that they are housing a potential killer in their tank who's bite is often not even felt and requires immediate medical attention as well as antivenom in most cases.
Bottom line - save your cash for a species that is more active, curious and robust, much more colourful during the majority of it's life and that isn't going to kill you if you are not absolutely, positively careful when near the tank (and not near it in the event of an escape)
Bluering Octopuses posess the exact same toxin as do the poisonous species of puffer that being tetrodotoxin (named after the tetrodontiform puffers) this stuff will kill you if you do not recieve medical treatment in time, it's not a matter of possibly being killed its a certanty. If invenomated by a blue ring, your only hope is lifesupport equipment to do your breathing and heart beating for you while the toxin wears off, this being because it works by blocking the nerve receptors which controll these bodily functions. Not a pleasant way to die at all. And contrary to what dragonscales has mentioned there is no antivenom for tetrodotoxin.
SLC