Post
Topic
Board Announcements (Altcoins)
Re: [PPC] Peercoin Official Thread: NuBits Released.
by
thExit
on 23/09/2014, 16:49:58 UTC
5 Minutes after NuBits rel, PPC Crash from 0.038 to 0.030  Shocked Shocked
Why??

1. The site was not working correctly for the first 10 minutes or so.

2. BTC-E loves to make everything look like  scam for a flash crash, so they can buy cheap.

3. NuBits is an involved project that requires time to digest. At a super quick glance, it doesn't look like anything special. Whereas the first two pages of the whitepaper make it clear this has never been done before.

I love the bit about BTC-e, exactly what was happening in the trollbox. If people bothered to stay informed, they'd be watching the peercointalk.org chat and would learn fast that there's a problem with the https version. Out of ignorance many people started panic-selling, making other people relly happy. But that's just a side story.

It's time to dig into the true story, as NuBits exhibit a great potential. Don't rush into things, check and understand the mechanisms to avoid surprises and panic.