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Author Topic: Why is Peercoin going up in price so much?  (Read 2760 times)
SomethingElse (OP)
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September 18, 2014, 06:35:44 AM
 #1

http://www.cryptocoincharts.info/pair/ppc/btc/btc-e/10-days

NEM
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ikanunaki
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September 18, 2014, 06:46:06 AM
 #2

 May be.   http://nubits.com/

  and read this...http://www.cryptocoinsnews.com/peercoin-price-surges-after-peershares-developer-announces-release-date-for-secret-project-nubits/

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September 18, 2014, 06:46:26 AM
 #3

Because Nubits will be announced!

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September 18, 2014, 06:48:22 AM
 #4

Looking at the charts they seems to be pumped by some whales, let's see if the value will drop next week.
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September 18, 2014, 04:48:11 PM
 #5

Looking at the charts they seems to be pumped by some whales, let's see if the value will drop next week.

Absolutely will. Until then, still some room up top, just don't miss the dump.

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September 18, 2014, 04:52:54 PM
 #6

Short term - because of Nubits

Long term - because its the father of POS, it's the oldest POS chain,  it has sensible developers who are playing the long game,  not just trying to be the next gimmick pump as all the scamcoins out there are.  

Next to Bitcoin it is by far my favorite coin and has been for a long while already..   I don't think it gets the attention it deserves.



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September 18, 2014, 06:20:30 PM
 #7

Short term - because of Nubits

Long term - because its the father of POS, it's the oldest POS chain,  it has sensible developers who are playing the long game,  not just trying to be the next gimmick pump as all the scamcoins out there are.  

Next to Bitcoin it is by far my favorite coin and has been for a long while already..   I don't think it gets the attention it deserves.





Amen!

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September 19, 2014, 12:56:02 AM
 #8

yep waiting for nubits too

yolo
SomethingElse (OP)
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September 19, 2014, 03:03:01 AM
 #9

thanks

NEM
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September 19, 2014, 07:39:18 AM
 #10

Short term - because of Nubits

Long term - because its the father of POS, it's the oldest POS chain,  it has sensible developers who are playing the long game,  not just trying to be the next gimmick pump as all the scamcoins out there are.  

Next to Bitcoin it is by far my favorite coin and has been for a long while already..   I don't think it gets the attention it deserves.


Long history, active developers and well tested are factors.
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September 20, 2014, 09:11:53 PM
Last edit: September 20, 2014, 09:30:59 PM by TheJG
 #11

Short term - because of Nubits

Long term - because its the father of POS, it's the oldest POS chain,  it has sensible developers who are playing the long game,  not just trying to be the next gimmick pump as all the scamcoins out there are.  

Next to Bitcoin it is by far my favourite coin and has been for a long while already..   I don't think it gets the attention it deserves.


How is it better than NXTcoin? they are both Pos, fairly distributed ICO, yet NXT has a decentralized asset exchange that is turning a major part of the asset exchange volume compared to competitors. https://coinmarketcap.com/assets/

It has tools that are enabling tech like Nxtty chat, a mobile app that allows P2p encrypted chat and encrypted voice calls, plus nxttycoin wallet. Nxttycoin being an asset ontop of nxt.

And to top it off, it has a very similar service as namecoin called an alias system. Which as far as my non developer understanding, it at least just as good.

Even if they've solved the problem of volatility, which is yet to be seen, NXT is till better tech wise. And hey, awesome development, thank you Peercoin devs. But aside from that.

Why are peercoin users not using NXT instead?



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September 20, 2014, 10:42:03 PM
 #12

What is Nubits?
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September 20, 2014, 11:52:37 PM
 #13

Just to lure in the average people...

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September 21, 2014, 02:27:41 AM
 #14

It's because of the  NuBits announcement.
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September 21, 2014, 02:28:29 AM
 #15

I find it ironic that the hashrate went from 390t to roughly 1.3p.. If that chart I saw was accurate. It only took 3 days to get there.. so it looks some miners stopped mining btc and started ppc..too bad you cant merge mine them, like you can with nmc..
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September 21, 2014, 02:29:26 AM
 #16

It's because of the  NuBits announcement.

Will nubits just pertain to ppc? or all digital currencies? looks like they are going for funding when they "open"
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September 21, 2014, 04:27:22 AM
 #17

It's because of the  NuBits announcement.

Will nubits just pertain to ppc? or all digital currencies? looks like they are going for funding when they "open"

As far as what has been confirmed, NuBits will be it's own system that pays shareholders in Peercoin.

So, only Peercoin.

By the way, this article gives a pretty decent little overview of what's going on:

http://www.coinssource.com/nubits-revealed-three-days/
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September 21, 2014, 04:40:57 AM
 #18

Because of nubits which is something that promises to take away the volatility of cryptos... Whatever that means...
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September 21, 2014, 08:02:09 AM
 #19

Short term - because of Nubits

Long term - because its the father of POS, it's the oldest POS chain,  it has sensible developers who are playing the long game,  not just trying to be the next gimmick pump as all the scamcoins out there are.  

Next to Bitcoin it is by far my favourite coin and has been for a long while already..   I don't think it gets the attention it deserves.


How is it better than NXTcoin? they are both Pos, fairly distributed ICO, yet NXT has a decentralized asset exchange that is turning a major part of the asset exchange volume compared to competitors. https://coinmarketcap.com/assets/

It has tools that are enabling tech like Nxtty chat, a mobile app that allows P2p encrypted chat and encrypted voice calls, plus nxttycoin wallet. Nxttycoin being an asset ontop of nxt.

And to top it off, it has a very similar service as namecoin called an alias system. Which as far as my non developer understanding, it at least just as good.

Even if they've solved the problem of volatility, which is yet to be seen, NXT is till better tech wise. And hey, awesome development, thank you Peercoin devs. But aside from that.

Why are peercoin users not using NXT instead?


NXT seems to be a swiss army knife that is designed to do everything, but along with that nothing really well, plus theirs a bit of a distribution stigma.

PeerCoin is designed as a long term, backbone currency, by code and boundary conditions, as well as running requirements.

This is just my view though.

Also Peercoin is the longest runing POS, and first POS. The whole alt coin scene including NXT basically has gone to POS.

The DEV sunnky king is regular, every weeks and update, and a plan, plus he released XPM, now they have sigmike as DEV and have peerunity/peershares, PeerFor Commit and now NuBits, so a dif client as I understand it. Soon cold locked minting is coming out.

NXT dev just disappeared and cut short the IPO.

SunnyKing is playing the really really long game, to the extent that most crypto people don't understand peercoin at all. Most crypto people including BTC's ers dream of Amazon, Ebay etc. They don't get that these are small companies with little money/cash/etc and likely push price down at least in the short term. Retail is crap and exactly were the money is not. Peercoin is aimed squarely at the Banking system, where the money is.

The extent to how crypto's dont get this is that there is no competitor to PeerCoin still, whereas every other crypto has multiple competitors.

I do really like NXT though

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
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September 21, 2014, 09:32:13 AM
 #20

Because of nubits which is something that promises to take away the volatility of cryptos... Whatever that means...


Yeah BitSharesX made that same claim but yet each time I look on Coinmarketcap its' capitalization is swinging all over the place.

No way to stop volatility of anything.. yes you can implement stability (like anti-whale measures) but volatility happens everywhere.  Even currencies in developed countries can gain or lose 10 cents USD value within a 10 year period.   Volatility in crypto currencies will only be lessened when you have volume in the tens of billions.


There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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September 21, 2014, 09:47:12 AM
 #21

Because of nubits which is something that promises to take away the volatility of cryptos... Whatever that means...


I read a whole nubits article which went to great lengths to explain how important it was, without saying what nubits is. Does anyone know what it is?
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September 22, 2014, 02:12:52 AM
 #22

Because of nubits which is something that promises to take away the volatility of cryptos... Whatever that means...


I read a whole nubits article which went to great lengths to explain how important it was, without saying what nubits is. Does anyone know what it is?


If you know, the copycats know, too. Nubits team want to have some first move advantage.




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September 22, 2014, 02:29:22 AM
 #23

I really cant see why there is still so much interest in PPC with such better alternatives out there, but hey, what do I know
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September 22, 2014, 09:08:48 AM
 #24

I really cant see why there is still so much interest in PPC with such better alternatives out there, but hey, what do I know

Change PPC to BTC and get the answer.




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September 22, 2014, 11:07:25 AM
 #25

There isn't interest in peercoin as a coin itself, more as a capital transfer mechanism
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September 22, 2014, 01:00:08 PM
 #26

Because of nubits which is something that promises to take away the volatility of cryptos... Whatever that means...


Yeah BitSharesX made that same claim but yet each time I look on Coinmarketcap its' capitalization is swinging all over the place.

No way to stop volatility of anything.. yes you can implement stability (like anti-whale measures) but volatility happens everywhere.  Even currencies in developed countries can gain or lose 10 cents USD value within a 10 year period.   Volatility in crypto currencies will only be lessened when you have volume in the tens of billions.



BitSharesX never claimed that BTSX would be stable lol, it's BitUSD which is supposed to be stable around $1.00 per. Which it has been doing very, very well.
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September 22, 2014, 01:41:01 PM
 #27

.. I have a feeling PPC will skyrocket than tank hhhhhhhhard because of this... YOU BE MESSING UP MY PEERCOIN... Sad.
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September 22, 2014, 02:46:02 PM
 #28

BitSharesX never claimed that BTSX would be stable lol, it's BitUSD which is supposed to be stable around $1.00 per. Which it has been doing very, very well.

Which they do by having a developer that stops the BitUSD markets when he feels like it - to change the code and tweak the price.
For the rest it's 200% collateral in the other crypto, that nobody can be sure of will have value forever.
I think NuBits has to do only slightly better to beat them... though I'm skeptical. It's a tough problem to solve.
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September 22, 2014, 02:47:11 PM
 #29

Peercoins price makes no sense but that's the market for you.
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September 22, 2014, 07:21:53 PM
 #30

Peercoins price makes no sense but that's the market for you.

I agree, because Peercoins are much too cheap for what they are worth Wink
...just kiddin' and not intending to start a flame war...

As long as the markets are open enough the price is determined by supply and demand. So I guess most prices make sense...
I don't see a regulation for Peercoin market.
And the price surge of Peercoin was most likely caused by a rising demand.
The announcement of NuBits preemptively created demand for Peercoins because NuBits is known as a Peershares implementation which is intended to use Peercoins for paying dividends: http://www.peercointalk.org/index.php?topic=2923.0

So once NuBits runs successfully there will be more demand for Peercoin.
And that created today's demand for Peercoin; who want's to be too late? Wink

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September 22, 2014, 07:46:53 PM
 #31

There have been some pumping groups in action recently.It could be them at work with Peercoin.
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September 22, 2014, 09:34:11 PM
 #32

There have been some pumping groups in action recently.It could be them at work with Peercoin.

The work that was put into Peershares was tremendous and much more than just marketing and pumping.
And creating NuBits from the Peershares template was a lot of work as well.

I bet there are easier ways to scam people and the reputation of the developers is quite high.
If it's a pump, it's a very complex, costly and sophisticated one Wink

I wonder whether or not it is easier to do all this work or to pretend to have done it (without being revealed as scammer) Wink

Let's see what happens after tomorrow, 2 p.m. UTC
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September 22, 2014, 09:49:14 PM
 #33

It had double price in January. so long time to grow more.
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September 22, 2014, 10:25:38 PM
 #34

If the price remains stable then I don't see the point in buying this and increasing its price.

If the price of NuBits remain stable then again the same problem arises.
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September 22, 2014, 11:31:22 PM
 #35

If the price remains stable then I don't see the point in buying this and increasing its price.

If the price of NuBits remain stable then again the same problem arises.

Stable would just mean a steady increase or decrease in price over time, If it is true and offers stability as it suggests then you can expect a nice stable rise over time as interest grows
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September 23, 2014, 03:30:41 AM
 #36

It seems like the nubits concept is proving itself here. Think it will do well.

and for other news... Peercoin is going to be listed in the Coin Market App: www.CoinMarketApp.com
it was just announced a couple hours ago in the thread: https://bitcointalk.org/index.php?topic=792912

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September 23, 2014, 09:08:19 AM
 #37

SunnyKing is playing the really really long game, to the extent that most crypto people don't understand peercoin at all. Most crypto people including BTC's ers dream of Amazon, Ebay etc. They don't get that these are small companies with little money/cash/etc and likely push price down at least in the short term. Retail is crap and exactly were the money is not. Peercoin is aimed squarely at the Banking system, where the money is.

The extent to how crypto's dont get this is that there is no competitor to PeerCoin still, whereas every other crypto has multiple competitors.

Very nice answer!
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September 24, 2014, 10:28:32 AM
 #38

Not much use of Peercoin in this. Expect the price to drop back to the pre hype levels.

The countdown and everything looks like was designed by the insiders to pump and dump Peercoin. There are some manipulators enjoying big profits now.
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September 24, 2014, 10:30:21 AM
 #39

Why is Peercoin rising ?
Why is Shitcoin-X rising ?
Why is Shitcoin-Y rising?
Why is Shitshares-XY rising?
The answer would be the same

~CfA~

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September 24, 2014, 01:18:01 PM
 #40

Not much use of Peercoin in this. Expect the price to drop back to the pre hype levels.

The countdown and everything looks like was designed by the insiders to pump and dump Peercoin. There are some manipulators enjoying big profits now.

[ ] you have read the Nu white paper?
[ ] you understand how Peercoin is utilized by Nu?
[ ] you understand how the first successful implementation of the Peershares tempate - namely NuShares - will benefit Peercoin long-term?
[ ] you only want to vent your anger?
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