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Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion > Why does Novacoin always rise when Litecoin rises on btc-e.com?
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Author Topic: Why does Novacoin always rise when Litecoin rises on btc-e.com?  (Read 2620 times)
mr_random (OP)
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April 02, 2013, 08:18:06 PM
 #1
Has anyone else noticed this?
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April 02, 2013, 08:26:25 PM
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if you havent noticed that nvc is a complete and total scam by now, you should buy some.
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April 02, 2013, 08:27:29 PM
 #3
Quote from: mr_random on April 02, 2013, 08:18:06 PM
Has anyone else noticed this?

It's actually LTC that follows NVC exchange rate and usually trails behind by a few points.  This time around LTC carried some extra momentum from the MtGox news and happened to slingshot past NVC.  The fact that NVC just saw a significant boost from .025X to .037X could signal a forthcoming and similar boost in LTC too. Buy while you still can.

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April 02, 2013, 08:40:38 PM
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Quote from: laughingbear on April 02, 2013, 08:26:25 PM
if you havent noticed that nvc is a complete and total scam by now, you should buy some.

I am aware of the scam, I've seen it in enough posts and signatures.

But why does it rise up whenever litecoin does?

Seems fishy to me, especially when the market depth is so shallow...
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April 02, 2013, 08:44:47 PM
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"Of course I didn't premine...  What are you guys, high?

I don't know how the 200k coins got in my wallet."
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April 02, 2013, 08:47:22 PM
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idk. speculation that scamcoin will do the same?maybe deliberate manipulation in a market that's as deep as a puddle?
Quote from: Tomatocage on April 02, 2013, 08:27:29 PM
It's actually LTC that follows NVC exchange rate and usually trails behind by a few points
you do realize that not only this does not make any sense but also that it's utter bullshit, right ?
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April 02, 2013, 08:49:48 PM
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Quote from: tgsrge on April 02, 2013, 08:47:22 PM
idk. speculation that scamcoin will do the same?maybe deliberate manipulation in a market that's as deep as a puddle?
Quote from: Tomatocage on April 02, 2013, 08:27:29 PM
It's actually LTC that follows NVC exchange rate and usually trails behind by a few points
you do realize that not only this does not make any sense but also that it's utter bullshit, right ?


Quote from: Tomatocage on April 02, 2013, 08:27:29 PM
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April 02, 2013, 09:02:48 PM
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Yes, some people believe that NVC/BTC is supposed to be 2x LTC/BTC.

They get people to believe this BS.  This might have been caused by some manipulators and then when everyone believes in this and extrapolates the data they'll be able to sell and gain profit.
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April 02, 2013, 09:27:12 PM
 #9
Quote from: chriswen on April 02, 2013, 09:07:08 PM
Honestly, though I think Novacoin is a great idea.  PoW + PoS sounds awesome.  I love the concept.  Plus Scrypt which is even more awesome.  Two bad the guy premined and its just a big scam.  What they need is a PoW + PoS + Scrypt clean version, I would support it.

It's basically PPCoin with Scrypt, minus the talented PPCoin developer Sunny (as far as I understand).
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