Why is peercoin(PPC) so undervalued?

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: Calangaman on May 03, 2017, 05:06:53 PM

PPC is a dog, that's it.

The world will be around the major coins, BTC, ETH, LTC

LTC is a temp high, I think BTC, ETH, and Dash. Litecoin will stay relevant but Dash fills the void of physical shopping with crypto. Instant TX and anonymous spending is just perfect for going to shops and restaurants.

Calangaman

sr. member

Activity: 602

Merit: 250

PPC is a dog, that's it.

The world will be around the major coins, BTC, ETH, LTC

lisnic

newbie

Activity: 34

Merit: 0

Becose to many scamcoins....

For me DOGE is scamcoin - It was released as joke not as quick currency ~ a year after WDC, or FTC... It was annonced it russian forum a week before release. DOGE store in blockchane zeroooooos, it will die anyway....

Ripple is scamcoin - no ICO.. all the coins from air. Centralised.

NXT - Scamcoin... Premined, no any ICO.. coins from air, buy it stupid people...

Namecoin - is not scamcoin, but is overvalued. It is mined as bonus from BTC, don't have his face, his value.
I bought 50 domains on namecoin... In 9 months - only 5 visitors :slight_smile: All the darknet is on Tor (.onion)
NMC is unutile...

and other

BootstrapCoinDev

full member

Activity: 154

Merit: 100

It's still undervalued because some insiders such as from BTC and NXT hit PPC very hard in the last four months. But now, smart ones are actively accumulating from those sells. It definitely has a bright future.

Conqueror

legendary

Activity: 1354

Merit: 1020

I was diagnosed with brain parasite

I would say this price is ok. Besides people do not trust NuBits much.

goosoodude

hero member

Activity: 584

Merit: 500

It was innovative when it was released, but was hindered by the need for centralised checkpointing. Now there are other PoS alternatives which do not rely on checkpoints and claim to be superior, although none have been tested rigorously yet.

Este Nuno

legendary

Activity: 826

Merit: 1002

amarha

Quote from: Foerster on November 23, 2014, 06:26:56 PM

Why do you think PPC value is low compared to Doge?
In the last hour there have been only 16 Peercoin transactions but 868 Dogecoin transactions (second only to the mighty Bitcoin which has >3000 transactions)

Also PPC's other metrics are not stronger than those of higher valued coins, hence it's current valuation might be right.

https://bitinfocharts.com/

Very interesting info.

It seems right now doge is the only alt with any real adoption at this point.

K210

hero member

Activity: 1568

Merit: 507

Quote from: xcapator on November 24, 2014, 11:09:10 PM

Because it has no real adoption. Soon real panic will start to set in. you are going to see massive amounts of peercoin days destroyed as the old whales want to take whatever cash is left to take.

Why would people dump now when peercoin is pretty much worthless? If people where going to dump they would have done it last year when the price was $8.

Yurizhai

hero member

Activity: 764

Merit: 500

Quote from: xcapator on November 24, 2014, 11:09:10 PM

Because it has no real adoption. Soon real panic will start to set in. you are going to see massive amounts of peercoin days destroyed as the old whales want to take whatever cash is left to take.

Pretty sure that already happened a long time ago. Price has fallen so much from it's ATH high I really don't see where panic would come from now, especially now that it will have a certain level of demand from this point forward due to NuBits.

xcapator

sr. member

Activity: 322

Merit: 252

Here I Am !!

Because it has no real adoption. Soon real panic will start to set in. you are going to see massive amounts of peercoin days destroyed as the old whales want to take whatever cash is left to take.

iGotSpots

legendary

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CPU Web Mining 🕸️ on webmining.io

Because it has been left to fend for itself. It is not keeping up with the market

DrGrid

member

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Merit: 10

Quote from: smalltimer on November 23, 2014, 06:20:13 PM

no real world use, no interest from the public, pure speculation, endless supply, much competition in that area

What makes you think it's under value?

I've heard some trollbox rumours there could be manipulation and surpression of price going on related with nubits. My only problem is that i don't care enough to dig deeper. Maybe this thread brings some info on it.

I agree. At the current state Peercoin is one of the coins with less technological advancement and it does not bring with any feautres that most other coins have. Interesting about the nubits, I have been observing a similar situation.

Yurizhai

hero member

Activity: 764

Merit: 500

Quote from: smalltimer on November 23, 2014, 06:20:13 PM

I've heard some trollbox rumours there could be manipulation and surpression of price going on related with nubits. My only problem is that i don't care enough to dig deeper. Maybe this thread brings some info on it.

The relation between NuBits and Peercoin is that NuShare dividend payments are paid out to NuShare holders with Peercoin. In other words, if you buy NuShares and hold them, you will periodically be paid Peercoins. When it's time for a dividend payment, Peercoins are bought off the open market and given to NSR holders. So NuBits does not suppress or manipulate PPC price, it just increases it's demand at times of NSR dividend payments. We saw this a few days ago when NuShare holders got their first dividend payment, 68k PPC were bought and given to NSR holders, it rose PPC's price roughly 15%.

Anyway, the market cap of coins has little to do with how innovative they are, otherwise Litecoin wouldn't STILL be in 2nd place. As much as I like Peercoin, it's development is incredibly slow. I wager no one would even care about it if it wasn't listed on BTC-E. Fortunately, with NuShares, PPC will always have value of some kind as dividend payments go out. If NuShares really take off, Peercoin might have a future yet.

smalltimer

sr. member

Activity: 252

Merit: 250

backbone currency with a wallet that tends to stall. For me it is no secure store of value. I hate clusterfuck but that's what you get in most coins including the praised peercoin.

K210

hero member

Activity: 1568

Merit: 507

Quote from: smalltimer on November 23, 2014, 06:20:13 PM

no real world use, no interest from the public, pure speculation, endless supply, much competition in that area

What makes you think it's under value?

I would have to disagree, first of all peercoin is designed as a backbone currency, it is a good place to store wealth. Peercoins design (the high transaction fee) purposely discourages it from being used to make dust transactions (just look at the small size of peercoins blockchain compared to other coins), so it does have real world use. As for no interest from the public thats because it has not gotten media attention like BTC, LTC and DOGE have. Peercoin does have a lot of competition in the Pos area but considering it is the original pos coin it should have a advantage against competitors.

Quote from: smalltimer on November 23, 2014, 06:20:13 PM

What makes you think it's under value?

Simple, the idea behind it - proof of stake. This is a very innovative method of securing the blockchain. Shouldn't innovative coins draw the attention of investors and hence increase the value of the coin?

Foerster

full member

Activity: 143

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Why do you think PPC value is low compared to Doge?
In the last hour there have been only 16 Peercoin transactions but 868 Dogecoin transactions (second only to the mighty Bitcoin which has >3000 transactions)

Also PPC's other metrics are not stronger than those of higher valued coins, hence it's current valuation might be right.

https://bitinfocharts.com/

smalltimer

sr. member

Activity: 252

Merit: 250

no real world use, no interest from the public, pure speculation, endless supply, much competition in that area

What makes you think it's under value?

I've heard some trollbox rumours there could be manipulation and surpression of price going on related with nubits. My only problem is that i don't care enough to dig deeper. Maybe this thread brings some info on it.

K210

hero member

Activity: 1568

Merit: 507

Despite being one of the more innovative coins out there and the first Pos coin, why does peercoin hold such a low value? i mean even a crappy joke coin with no innovation (dogecoin) has a higher market cap.

Topic: Why is peercoin(PPC) so undervalued? (Read 1653 times)