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Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion > Why Is Novacoin @ $4.8? I thought it was a scam? Does it actually have benefits?
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Author Topic: Why Is Novacoin @ $4.8? I thought it was a scam? Does it actually have benefits?  (Read 786 times)
Capitalism Prevails (OP)
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August 08, 2013, 04:11:19 AM
Last edit: August 08, 2013, 04:24:04 AM by Capitalism Prevails
 #1
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.
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DeathAndTaxes
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August 08, 2013, 04:12:18 AM
 #2
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
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August 08, 2013, 11:09:13 AM
 #3
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)
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LEALANA Bitcoin Grim Reaper


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August 08, 2013, 11:19:07 AM
 #4
One word: Manipulation
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August 08, 2013, 11:19:49 AM
 #5
It's just because it was listed yesterday so you see like a huge spike, but it's not "real" interest
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August 08, 2013, 11:23:59 AM
 #6
Isn't the interest rate 50% on this coin now or something ridiculous
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