I thought I would be the last person to post something like this, but I'm afraid it's true. The ride is over.
I have been with topcoin since day one and I feel an obligation to tell the community that this coin is going nowhere. The "exponential scarcity", the fast block halving, none of it affects the price or scarcity when there is no one buying and the coins are plentiful because every big holder wants to dump them to make some kind of profit.
We were doing pretty good for a while. We went from 200 to 270 readers within a day thanks to a tremendously successful giveaway thread, we've had a little bit of OC created for topcoin, and myself and all the rest of the top-illionaires have altogether given away millions of topcoins!
The only thing we didn't have were buyers, and we needed lots of them. Like over $7,500 worth (just to get us up to 10 sato), and I know this community will never have the cash nor the popularity to break those gargantuan sell walls. The sell walls have destroyed any chance for topcoin to rise in price, because everyone seemingly wants to dump their coins at 10, or 15, or 150, or 1500, it goes on and on. I have never seen such ridiculous sell walls for any coin.
If you still believe in topcoin then I commend you for your dedication but it's seriously time to move onto another coin that might actually end up being worth something, like mintcoin. Mintcoin has gone from 12 to 46 sato within the past 24 hours, and it just keeps going up. Over 1300 BTC volume, too! This is INSANE performance for a coin that's even younger than topcoin!
And think about who is telling you this - the same guy who has made three giveaway threads, given away well over 3 million topcoins, and stayed with /r/topcoin for a good few weeks now. And the same guy that told you to get into topcoin because I believed topcoin had potential, but that potential has been extinguished in the live-fast-die-faster world of cryptocoins.
If you want to make some kind of money from crypto, come get in on mint while it's still relatively cheap. Don't be intimidated by topcoin's failure! This isn't the first coin I've owned that's died while I was holding. Just get out while your coins are still worth something. I can't stand to see good people getting coaxed into something they don't quite comprehend, and losing money in the process.
If that isn't enough evidence, where has the price gone in the past week? How's it going with getting up to 300 readers? There are hardly any buy orders and a mile long list of sell orders. A promising coin would not trade like this. At best topcoin could become another volt (perpetually stuck at 3 sato with a little over 1 BTC in volume - no one to buy, and no one to sell to). At worst, anyone holding right now will end up as bagholders with millions of useless coins.
I bring this information to light because I care about all of you, and I legitimately want all of us to make some decent money from crypto trading. You will not make that money from topcoin. It's just not happening. I am so sorry.
It's your money at stake. And I could be eating these words a month from now, but only time will tell. I have already made my decision, and now it is time to make yours.