Why is NeoCoin valued so low?

[Monetizer]

So I noticed just this morning NeoCoin was valued at 0.00004410 per coin and o I checked it out and it has some really useful features that many people have been asking for in coins ssuch as leaving messages for people, it is pow pos hybrid and it has a lot of other features which can help it be used by merchants and such so why is it valued so low?

[bitwho]

is this a new thing? https://bitcointalk.org/index.php?action=profile;u=58324;sa=showPosts


pump + dump , you're so obvious.

[Monetizer]

is this a new thing? https://bitcointalk.org/index.php?action=profile;u=58324;sa=showPosts


pump + dump , you're so obvious.

No seriously, I am wondering why that is why I bought...

[Digicoiner]

I built up a large position in Neocoin in the fall when it was pretty cheap and sold most of it when the price was high.  I bought it because, like you,  I thought it had decent features - nice wallet design, messaging, PoW/PoS hybrid etc.  But I didn't see a lot of development and action around this coin.

[r3wt]

So I noticed just this morning NeoCoin was valued at 0.00004410 per coin and o I checked it out and it has some really useful features that many people have been asking for in coins ssuch as leaving messages for people, it is pow pos hybrid and it has a lot of other features which can help it be used by merchants and such so why is it valued so low?

Back in the day when it was released, before this place was as scammy as it is now, the coin had alot of promise. several beta versions were rolled out and many users were very excited. unfortunately, on release day the sheer amount of people mining it caused multiple forks, that were only discovered later. so the devs did the smart thing, and went back to the drawing board and fixed the coin, then released it with a brand new block chain. but by the time they re released it, it was like the 4th or 5th thread about Neocoin, and many people had lost interest for one reason or another. I never really liked Neocoin, but it probably would have been big if it wasnt for the multiple botched releases. Cryptsy ended up picking the coin up in their rotation due to the sheer amount of effort the dev team put into making the coin.

[BrewCrewFan]

So I noticed just this morning NeoCoin was valued at 0.00004410 per coin and o I checked it out and it has some really useful features that many people have been asking for in coins ssuch as leaving messages for people, it is pow pos hybrid and it has a lot of other features which can help it be used by merchants and such so why is it valued so low?

Back in the day when it was released, before this place was as scammy as it is now, the coin had alot of promise. several beta versions were rolled out and many users were very excited. unfortunately, on release day the sheer amount of people mining it caused multiple forks, that were only discovered later. so the devs did the smart thing, and went back to the drawing board and fixed the coin, then released it with a brand new block chain. but by the time they re released it, it was like the 4th or 5th thread about Neocoin, and many people had lost interest for one reason or another. I never really liked Neocoin, but it probably would have been big if it wasnt for the multiple botched releases. Cryptsy ended up picking the coin up in their rotation due to the sheer amount of effort the dev team put into making the coin.

Seems to happen to a lot of coins. Devs put forth trying to fix issues, the attention span here is short so if its not right out of the gate its doomed. Even coins that are great now many will fail for that same reason.

[Oldminer]

So I noticed just this morning NeoCoin was valued at 0.00004410 per coin and o I checked it out and it has some really useful features that many people have been asking for in coins ssuch as leaving messages for people, it is pow pos hybrid and it has a lot of other features which can help it be used by merchants and such so why is it valued so low?

Back in the day when it was released, before this place was as scammy as it is now, the coin had alot of promise. several beta versions were rolled out and many users were very excited. unfortunately, on release day the sheer amount of people mining it caused multiple forks, that were only discovered later. so the devs did the smart thing, and went back to the drawing board and fixed the coin, then released it with a brand new block chain. but by the time they re released it, it was like the 4th or 5th thread about Neocoin, and many people had lost interest for one reason or another. I never really liked Neocoin, but it probably would have been big if it wasnt for the multiple botched releases. Cryptsy ended up picking the coin up in their rotation due to the sheer amount of effort the dev team put into making the coin.

Seems to happen to a lot of coins. Devs put forth trying to fix issues, the attention span here is short so if its not right out of the gate its doomed. Even coins that are great now many will fail for that same reason.

Your pretty much on the money. These days its more about how quickly can this new coin make me a millionaire than about coin longevity or viability. Look at some of the most 'popular' coins out there atm - most have been around a very short while & are still in the 'pump' stage.

This thread is a perfect example of what I mean https://bitcointalk.org/index.php?topic=441683.0

[frank754]

This is now showing up on Coinwarz as one of the most profitable, but I don't see any recent discussion on it anywhere.
It's not even listed on coinmarketcap.com - am wondering why it's resurfacing and if there's any point to mine it now ?

[hellscabane]

Ooh, a NEC thread. Haven't seen one of these for like, uh, a long time.

Yeah, Neocoin was promising, but had I think 4 relaunches. Even during it's final launch, it got mined to heck. After an initial pump, started dying to the sub 500 satoshi level for about a month (I think this was like October/November) then during the last run-up of BTC, like many other alts, NEC had a run up before peaking at a price of around 30,000 satoshi for a few days (I think there was a day where it passed 0.005 BTC, but it was for a short while and was clearly part of a huge pump).

The biggest issue was that after the release, there was very little infrastructure developed around the coin in the following months, but the wallet had a bunch of nice features (such as how much you had in fiat in real-time).

[flounderella]

So I noticed just this morning NeoCoin was valued at 0.00004410 per coin and o I checked it out and it has some really useful features that many people have been asking for in coins ssuch as leaving messages for people, it is pow pos hybrid and it has a lot of other features which can help it be used by merchants and such so why is it valued so low?

The right question to ask is: why is it not valued much much much lower ... say 1 litoshi?

[sana8410]

There are far too many competitors I guess.

[Monetizer]

I'd like to bring this back up. Would the communtity be interested in a new version of NeoCoin?