Author

Topic: Why Is Novacoin @ $4.8? I thought it was a scam? Does it actually have benefits? (Read 811 times)

legendary
Activity: 1344
Merit: 1001
Isn't the interest rate 50% on this coin now or something ridiculous
legendary
Activity: 1038
Merit: 1000
Bitcoin entrepreneur and Pro Trader
It's just because it was listed yesterday so you see like a huge spike, but it's not "real" interest
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
sr. member
Activity: 490
Merit: 250
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)
donator
Activity: 1218
Merit: 1079
Gerald Davis
full member
Activity: 137
Merit: 100
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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