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Peercoin Price Falls Back to Earth After NuBits Announcement

Last week, Peershares lead developer Jordan Lee announced his semi-secret project, NuBits, would release on September 23. He revealed few details about the project, but investors began buying Peercoin in anticipation that NuBits would increase Peercoin’s value. However, once investors realized NuBits is an entirely new altcoin and will have little effect on Peercoin, the Peercoin price began to fall back to earth. CCN analyzes this altcoin price movement to help investors make informed trading decisions.

Peercoin Price Falls Back to Earth

On September 15, the Peercoin price fell out of a major slump, rising nearly 40% in less than a day. The price movement was spurred by Peershares developer Jordan Lee’s announcement that NuBits–which he claimed would eliminate cryptocurrency volatility–would release on September 23. After remaining at ~151,000 satoshis before Lee’s announcement, the Peercoin price rocketed to a high of 401,176 on September 20. Over the next two days, the Peercoin price declined a bit, falling to 371,532 satoshis on September 22. Despite the small decline, the Peercoin price remained quite high on the eve of the NuBits release.  However, it turned out that NuBits would not increase Peercoin’s standing among altcoins. As a result, the Peercoin price plummeted to 269,265 satoshis the day of the release. The Peercoin price briefly recovered on September 24 but resumed its decline on September 25. At press time, the Peercoin price was 266,647 satoshis.

Peercoin Price Movement Analysis

CCN warned that investing in Peercoin based on speculation that NuBits would increase the Peercoin price was a bad idea because Peershares had released virtually no details about the project. Unfortunately for Peercoin speculators, we were right.

Though developed by Peershares, NuBits is a completely separate altcoin–one that is trying to eliminate cryptocurrency volatility. Far from increasing the value of Peercoin, NuBits could actually hurt Peercoin (among other alts) if it proves successful. The one silver lining in the NuBits announcement was that NuShares, the voting mechanism that also secures the NuBits blockchain via proof of stake, will distribute dividends to NuShareholders using Peercoin as the payment medium. Thus, Peercoin could receive buy pressure on exchanges if there is demand for NuBits. However, that buy pressure would only appear if the cryptocurrency community begins migrating to NuBits.  But it is unclear how much this would affect the Peercoin price, as well as whether or not the potential boon on exchanges would offset the sell pressure created by people leaving Peercoin for NuBits.


The recent Peercoin price fluctuation exemplifies how volatile cryptocurrency market caps become on the slightest hint of positive news. Altcoins have potential to introduce radical innovations to the cryptocurrency landscape. Because they do not have the infrastructure or mainstream reputation that Bitcoin has, they can afford to experiment with different features to find out what works and what doesn’t. Unfortunately, many in the altcoin community seem preoccupied with making a quick profit. Coins rise and fall daily at the whim of investors with deep pockets. Increasingly, it is becoming difficult to distinguish the wheat from the chaff.

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Why Businesses Love Accepting Bitcoin

Businesses love accepting Bitcoin.  You have heard it on the news, read it on Reddit, and kept up with the latest market developments here at  The mainstream is starting to come around to Bitcoin, and the more they hear about Bitcoin, they more they accept Bitcoin as a smarter way to pay. Particularly for merchants, the benefits can be huge.  Large, and small, businesses love accepting Bitcoin!

Why have major players like, Dell Computers, and Wikipedia jumped on the Bitcoin bandwagon when it was time to take a payment? And why are many, many more Fortune 500 companies going to follow their lead? Let’s take a look at how Bitcoin is the next level of merchant-friendly.

Merchants Love More Ways to Get Paid

Nothing brightens a merchant’s day more than to accept a payment for a job well done. We’ve evolved from a bartering system of pelts and livestock to the European accounting system of “Tally Sticks”. Gold and silver pieces have had their day, then were replaced by paper money redeemable for precious metals. Writing actual checks had a couple of decades of prominence. Then the world moved to a pure fiat currency in 1971, and now, digital currency is ready to take Center Stage in The Digital Age. Making it as easy as possible for a consumer to pay you is always a wise business decision, and you have more choices now than ever before to send money. Does a merchant actually care how he gets paid? Well, it depends on the costs of doing business.

Checks, for example, were much more common in the middle of the 20th century. The downsides were legion, including a general lack of security of a consumer’s bank account information. And having to make out handwriting on the check, plus it is not exactly a quick and convenient way to buy diapers at Walgreens. Buying things with gold and silver pieces in the 17th century would leave consumers open to robbery from thieves. There was no way to provide exact change for transactions, and who wanted to carry weighty pieces everywhere, just in case you needed to buy something? Now pure fiat currency (paper money not backed by anything) is heading to the end of it’s run due to inflation, or hyper-inflation, depending on your locale. The reliance on computers for e-commerce and the need to pay exchange fees for international trade. And using debit/credit cards are rife with fraud and identity theft costs. Just ask Target and Home Depot.  Credit/debit cards are 1950’s technology not ready for the 21st century.  These companies are now behind the times, dependent on technology that is becoming obsolete.

It has the same value in any country, as the world’s first global currency. You don’t have to carry them on-hand, increasing user security. It is designed to increase in value over time, as an anti-inflationary medium of exchange that relies on “sound money” principles like supply and demand. And you can use it as a store of value, or a way to send information. A pure investment vehicle, or a way to buy goods and services, with many more security options than were ever previously available.

Why Do Businesses Love Accepting Bitcoin?

So why are the major players moving in Bitcoin’s direction?  Because it makes sound business sense to do so. It has shown five years of continued growth as a store of value (It was worth about $130 at this point last year, now is worth 3X that). Companies like BitPay and Coinbase will convert BTC into dollars at the end of the day if you are squeamish about market fluctuations. You attract a new market segment and revenue stream you normally wouldn’t access commercially. You build your brand as one that is on the cutting edge of technology. But these are all secondary to the primary benefit. Costs.

The average Bitcoin transaction costs 0.0001 BTC to perform (click here for details) while a credit card will cost a merchant around 3% on average. This 3% pays the merchant processor and provides coverage for things like fraud and identity theft protect and merchant terminal costs. Let’s say your average transaction is $20. That means it costs you $0.60 to obtain $20, leaving you with a net of $19.40. The costs of doing business. Never mind all the other costs a merchant has to account for throughout the day (Employees, benefits, insurance, taxes, rent, “shrink” (theft), the costs of the goods themselves, etc.). Merchants are ALWAYS looking for ways to cut costs, thereby increasing actual net revenue. That’s where Bitcoin comes to the rescue.

Let’s take Dell Computers for example. They only did $57 Billion in business last year, and they Michael Dell accepts Bitcoins directly for payments. Dell’s average transaction is much higher than the average merchant. Let’s say it’s $500 for selling computers, in one form or another. If Dell accepts a credit card, he knows thats an average 3% “cost of doing business. The card company may cut him a deal on the actually transaction rate at 2%, but he wants more fraud and theft protection, given the nature of his business and the high costs per transaction, so let’s call it 3%. Three percent of five hundred dollars comes to $15.

If he accepts the same payment by Bitcoin, with a cost of 0.0001 BTC, this will translate to a cost of $0.04 USD. Michael Dell just saved pretty much the entire $15 on each Bitcoin transaction. And his company had a gross revenue of almost $60 Billion dollars last year? Divide $60 Billion by $500, multiplied by $15 per transaction. That’s what would fall to his bottom line by moving away from the Dollar altogether.  This obviously wouldn’t happen, but this conversion can be phased in over time, as the dollar gets printed into oblivion as we speak.

Why Not Keep Some Revenue in Bitcoin?

Don’t even consider the options Dell has if they didn’t convert ALL of their BTC into dollars at the end of the day. The real annual inflation for the USD is around 5% a year, while BTC appreciates at about 400% a year, on average. This means if Dell holds just a few percent of Bitcoin in the account annually, he also comes out ahead on the back end, instead of losing money every year investing everything into a depreciating currency known as U.S. Dollars. It’s a win-win situation for Dell, and the comsumer pays a lower price, when Dell doesn’t have to pass the “costs of doing business” onto the comsumer. Dell can now charge 3% less going forward, and attract MORE consumers!

My point is: Dell, Wikipedia, and Overstock are not just payment pioneers, but leaders of a pack of super-merchants heading Bitcoin’s way. Any merchant that is worth their salt would have very little reason not to incorporate “The Future of Money” into their portfolio, once they perform their due diligence. Fortune 500 companies didn’t get to be market leaders by paying higher operating costs than their competitors.

Businesses love accepting Bitcoin, and will continue to move in this direction for the foreseeable future.  Selling Bitcoin to merchants should be as easy as selling snowboots to Eskimos. The bigger the merchant, the bigger the savings. So if you have Bill Gates’ on your LinkedIn, have his people get in touch with my people.

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Please pay attention!
In September there is reduced the fees at withdrawal from operators Payeer, Perfect Money, OKpay. The commission at withdrawal is 1%.

Dear members of the community!

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Русский (Russian) / Биржа GO-TRADE.COM
« on: August 20, 2014, 10:48:55 AM »
Уважаемые участники сообщества!

Представляем вам биржу автоматической торговли криптовалютами: BitCoin \ Litecoin \ Dogecoin \ Namecoin \ Novacoin\ PPCoin \ USD.
Мы предлагаем:
Продуманную безопасность.
Разрабатывая проект мы предусмотрели потенциальные ошибки влияющие на безопасность финансовой информации, личной информации пользователей, защиту ваших аккаунтов (двухфакторная авторизация), а так же безопасности ввода/вывода как одно из главных условий безопасности, включая безопасность хранения ваших криптовалют и фиатных денег.

Трейдинговые инструменты:
Биржа подойдет как и начинающим пользователям, которые хотят спокойно обменять свои средства  по рыночному курсу, так конечно и опытным трейдерам активно работающих на просторах финансовых инвестиций.

Для бесперебойной работы сформирован стабилизационный фонд, который составляет 100% покрытия всех средств находящихся на балансе биржи.

Онлайн чат, в котором вам всегда оперативно ответят на ваши вопросы.

Так же обращаем ваше  внимание — нам важно мнение наших клиентов! Если вы желаете дать нам совет, рекомендацию или высказаться о нашей работе, будем рады принять Ваши отзывы на емейл:   


Криптовалюты: Bitcoin, Litecoin, Dogecoin, Namecoin, Novacoin, PPCon
Биржа предоставляет возможностьi обмена не только знакомых вам гигантов криптоиндустрии Bitcoin и Litecoin. Так же мы будем предлагать вам к деловому рассмотрению перспективные криптовалюты. На сегодняшний день по нашим наблюдениям Dogecoin все активнее охватывает рынки криптовалют. Мы постоянно работаем со списком  криптовалют и будем расширять его с ростом капитализации перспективного коина.  О всех интересных новостях в мире криптовалют мы будем вас оповещать через ветку новостей на бирже, а также популярные соцсети: Facebook, Instagram.


Торговые пары:
- Автоматические торги BTC <=> USD
- Автоматические торги LTC <=> USD
- Автоматические торги DOGE <=> USD
- Автоматические торги NMC <=> USD
- Автоматические торги NVC <=> USD
- Автоматические торги PPC <=> USD


Наши финансовые операторы,  пополнения в автоматическом режиме:
•   OkPay
•   Payeer

Данные операторы доступные в ручном режиме:
•   Webmoney
•   Yandex деньги
•   Qiwi

Информация для всех пользователей:
Уважаемые клиенты, если вы обнаруживаете ошибку на бирже, мы будем благодарны за оперативное уведомление нас о её наличии. Вознаграждение — гарантируется! Размер вознаграждения, будет зависеть от структуры и размера выявленной ошибки! 

Мы понимаем, что последнее время, новых бирж становится с каждым днем все больше и больше и приложим все усилия, чтобы завоевать доверие уважаемых участников сообщества.

Первым 100 зарегистрированным клиентам, на счет зачисляем по 1000 DOGE для теста, которые также можно и вывести!
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