Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
alexhiggins732
on 24/10/2015, 04:54:43 UTC

The Neucon regime had to buy heavy amounts (more than 430,000 on bittrex only) during the last hours.
Without their buy support, the price would be zero (or very near zero).

http://i.imgur.com/lmNAR0T.png

In the end they'll hold 99.99999% of the total supply, and 99.999% of the market-supply. ;-)



While you have made many good points,I don't think this one has any basis.

It is evident that foundations are not buying the coin to support the price, which is why it has fell so sharply. I have seen an 18 neu (less than .10 usd) sale drop the price 10%.

The increase in wealth displayed on these graphs comes not from buying on the exchange but instead from "interest" their accounts are gaining from staking.

For proof you need only look at the block chain. About every two minutes  two PoS award gets posted and they usually result in a payout of 1000-10000 in Neu.

Because they hold so much neu, their accounts stake while others are waiting weeks or months to stake.

That's why their holdings are growing so much, not because they are buying on Bittrex. The buy limit orders on Bittrex are another fraud. As soon as the bid gets anywhere near the bigger buy orders they are cancelled and re-entered with a much lower bid.

For example, the 18+btc bid a day or two ago was "buying" at 0.00002375..f and was much larger... as soon as some one bought few, the order was cancelled and the bid was lowered to .00002000. Those orders a facade giving the impression that coin is actually being backed by real money.