Quote from: zorkafdo on March 02, 2014, 04:51:12 PM

Quote from: dbzenhosting on March 02, 2014, 04:16:41 PM

I am afraid to say its not looking good for TOP. I have mined a few million, the price just keeps going down. We need to do something serious to impact the price or it will just go no where. I stopped mining a week after release.

Its the sad truth. I always wanted to know what would happen when the block reward reaches 1. I was holding my coin for a long long time. I could have made double BTC than now, but was curious to see what it might become after the rewards half and eventually become 1.

With pretty much 99.9% coins mined, and billion coins in circulation and the network really slow, its even difficult to move your coins from your wallet to an exchange. Technically all you need is one computer to process all transactions, but it'd take ages for it to happen.

It took me hours to send the coins, with the transactions sitting there, and then I decided to mine it myself just to make sure my transaction is processed.
With slower and slower processing time, the future looks bleak for topcoin. It is my humble opinion, feel free to correct me if my understanding is not correct.

The coin is one month old. People give up easy I guess.

IMHO I think we're going to see a steady rise in value once we hit the 1 coin blocks. I don't know, but I do know there's over 20BTC worth of buy orders sitting at MintPal and CryptoRush. One of them is for 11BTC alone at 3 SAT which is hardly chump change (for most of us). Remember we're still 6 days away from the 1 coin blocks! Seems strange that there would be such interest still in buying at 3 and 4 SAT at this point if there really is no value or future to this coin.

amachiavellian

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