Re: [ANN] official NovaCoin thread - the original PoS+scrypt coin. --POOL LIST--
Novacoin has no fundamentals. It has no market, no volume, no demand. It offers no innovation. The only thing it has going for it is that the half dozen Russians that premined it own 95% of all the coins and collude to control the price. If you're not one of them and you choose to own this coin, then you're a fool.
Wrong. I bought my Novacoins when they were cheap because of FUD like this. It's been very profitable.
And the market does not want lots of Novacoins. The order books are completely bare. The scammers just sell the coins to themselves making it look like there's demand to sucker in the noobs.
Wrong again. Novacoin has low volume because most people mine it for proof-of-stake instead of trying to make money by trading it. The recent price rise is because people want to diversify out of Bitcoin. Most altcoins have risen and Novacoin is no exception.