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Title: Why Is Novacoin @ $4.8? I thought it was a scam? Does it actually have benefits? Post by: Capitalism Prevails on August 08, 2013, 04:11:19 AM NVC shot up from $1 to $5 in a day?!
edit: I could have swore BTC-E had a chart of NVC/USD going from around $1 to $5 yesterday. Title: Re: Why Is Novacoin @ $4.8? I thought it was a scam? Does it actually have benefits? Post by: DeathAndTaxes on August 08, 2013, 04:12:18 AM pump and _______
Fill in the blank. But I am pretty sure it didn't go from $1 to $5 in one day. http://www.cryptocoincharts.info/period-charts.php?period=6-months&resolution=day&pair=nvc-btc&market=btc-e Title: Re: Why Is Novacoin @ $4.8? I thought it was a scam? Does it actually have benefits? Post by: CoinBuzz on August 08, 2013, 11:09:13 AM There is theory that the guys who run novacoin, premined a lot of coin before release and with those coin buy/sell nvc's in market's to make a fake inflation for novacoin and increase it's value falsely.
There is a theory i read in some other threads, I dont know exactly , but it seems reasonable enough to me. (This is a trick from stock companies that used to buy/sell/trade their shares in stock markets to increase it's value) Title: Re: Why Is Novacoin @ $4.8? I thought it was a scam? Does it actually have benefits? Post by: smoothie on August 08, 2013, 11:19:07 AM One word: Manipulation
Title: Re: Why Is Novacoin @ $4.8? I thought it was a scam? Does it actually have benefits? Post by: GIANNAT on August 08, 2013, 11:19:49 AM It's just because it was listed yesterday so you see like a huge spike, but it's not "real" interest
Title: Re: Why Is Novacoin @ $4.8? I thought it was a scam? Does it actually have benefits? Post by: mr_random on August 08, 2013, 11:23:59 AM Isn't the interest rate 50% on this coin now or something ridiculous
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