Novacoin is relatively scarce (=there are few coins), and there was low inflation until May, as you can see in my thread about Altcoin coin supply growth/inflation. This is the main reason for the high price for one unit.
The market cap (=value of all Novacoins out there), which is independent from "scarcity" of the coins, is far lower than Litecoin's, but relatively high (see http://coinmarketcap.com/) and nearly half of it's predecessor PPC. For me, that is the surprising part of the story.
Topic: Why is NVC so high? (Read 1046 times)
It has no volume. If people don't buy and don't sell, the price can't possibly go anywhere. That doesn't mean it is valuable, just that is experiencing a different kind of a death.
hope in one hand ........
you know the rest !
It has no volume. If people don't buy and don't sell, the price can't possibly go anywhere. That doesn't mean it is valuable, just that is experiencing a different kind of a death.
It's also trading on air :
Quote
Buy orders
Total BTC: 267.65916849
Total BTC: 267.65916849
That's a spike, I've seen sub 10 BTC volume on BTC-e usually.
I've started to think that people just won't trade advanced coins.
If it's advanced (in a good way), clever people that understand the coin hold it and don't sell, and dumb people that don't understand it don't buy -> low volume.
If it's a simple copycoin, clever people pump and dump, dumb people keep buying and placing sell orders to try to get their money back -> high volume.
If you can control the supply and demand you can control the price.
wow Mr conspiracy , so are you suggesting that:
1. You can not mine NVC ?
or
2. You can't buy NVC ?
or
3. You can't Sell NVC ?
i need you to explain just exactly how this is controlled ?
because I’ve done the impossible in that case......
call me Super Crypto Man !
wow, looking back at that topic, i feel like i really added useful information.....{and also continue to strive to do so}
If you can control the supply and demand you can control the price.
It's also trading on air :
Even FTC as way more :
Quote
Buy orders
Total BTC: 267.65916849
Total BTC: 267.65916849
Even FTC as way more :
Quote
Buy orders
Total BTC: 2141.01248486
Total BTC: 2141.01248486
Could anyone please care to explain why novacoin, a relatively new currency, is priced are higher than say LTC. I have heard not so good rumors about NVC (premined and BTC-e 100K bribe etc). Shouldn't the prices then be lower similar to MNC (known to majority of public that it is pre-mined)?
NVC, while having a rather suspicious start, actually has a somewhat innovative technical design. MNC was nothing but a clone.
Could anyone please care to explain why novacoin, a relatively new currency, is priced are higher than say LTC. I have heard not so good rumors about NVC (premined and BTC-e 100K bribe etc). Shouldn't the prices then be lower similar to MNC (known to majority of public that it is pre-mined)?
"Why is NVC so high?"
one word. Crack.
and its becoming a REAL big problem .
you start with just a tiny bit..........
Could anyone please care to explain why novacoin, a relatively new currency, is priced higher than say LTC. I have heard not so good rumors about NVC (premined and BTC-e 100K bribe etc). Shouldn't the prices then be lower similar to MNC (known to majority of public that it is pre-mined)?
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