Why is Peercoin going up in price so much?

masterOfDisaster

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Quote from: peligro on September 24, 2014, 05:28:32 AM

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?

From Above

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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~

peligro

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1NoBanksLuJPXf8Sc831fPqjrRpkQPKkEA

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.

Sentinelrv

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Quote from: jubalix on September 21, 2014, 03:02:09 AM

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!

SamWalters

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Sam Mother Fuckin' Walters

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://bitcointalksearch.org/topic/coin-market-apps-how-to-keep-track-of-news-links-for-all-coins-may-22-2017-792912

jibble

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Quote from: peligro on September 22, 2014, 05:25:38 PM

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

peligro

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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.

CryptoCarmen

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★Bitin.io★ - Instant Exchange

It had double price in January. so long time to grow more.

masterOfDisaster

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Quote from: fluffyponyza on September 22, 2014, 02:46:53 PM

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

fluffyponyza

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

masterOfDisaster

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Quote from: vipgelsi on September 22, 2014, 09:47:11 AM

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

vipgelsi

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

ThomasVeil

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Quote from: nomoreheroes7 on September 22, 2014, 08:00:08 AM

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.

spazzdla

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.. I have a feeling PPC will skyrocket than tank hhhhhhhhard because of this... YOU BE MESSING UP MY PEERCOIN... Sad

.

nomoreheroes7

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King of all the land

Quote from: TaunSew on September 21, 2014, 04:32:13 AM

Quote from: Skoupi on September 20, 2014, 11:40:57 PM

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.

iampingu

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There isn't interest in peercoin as a coin itself, more as a capital transfer mechanism

mhps

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Quote from: sgi02 on September 21, 2014, 09:29:22 PM

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.

sgi02

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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

mhps

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Quote from: plopper50 on September 21, 2014, 04:47:12 AM

Quote from: Skoupi on September 20, 2014, 11:40:57 PM

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.

plopper50

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Quote from: Skoupi on September 20, 2014, 11:40:57 PM

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?

Topic: Why is Peercoin going up in price so much? (Read 2820 times)