What would you do as a bagholder?

[Abiky]

Let's say you were one of the few investors who bought a coin when it was at its peak, only to find out that it's now dead (both in development and trading activity). You now "hold a bag" (bagholder) of worthless coins sitting on a wallet.

In such a scenario, what would you do? Keep "holding" until the coin comes back to life (revival/relaunch)? Erase all of your wallet data (private keys, seeds) and forget about everything (burn)? Or simply give it all away to someone else?

Your input would be greatly appreciated. Thank you.

[TastyChillySauce00]

just holding, money already lost anyway, there's no hurt in holding just in case although we all know the chance is low for altcoin to get revived especially if it's not a meme.
but would keep it as a souvenir instead, because why not .

I personally got such coin as well, I just let it sitting in my wallet, back up the private key and call it a day, nothing we can do in all honesty. we basically owning useless number here.

[sunsilk]

Let's say you were one of the few investors who bought a coin when it was at its peak, only to find out that it's now dead (both in development and trading activity). You now "hold a bag" (bagholder) of worthless coins sitting on a wallet.

In such a scenario, what would you do? Keep "holding" until the coin comes back to life (revival/relaunch)? Erase all of your wallet data (private keys, seeds) and forget about everything (burn)? Or simply give it all away to someone else?

Your input would be greatly appreciated. Thank you.

There is no sense if I am going to erase them and dump forever. I might just want to see how stupid I am why I have invested on that coin so, I am keeping it.

I am already at loss on it so, I just have to keep it there and won't be touching it forever unless there will be some movement on its price and some things might happen.

Who knows if some little dirty pump might happen and could make me break even?

[DeathAngel]

If I bought a coin at the top & it suffered a big crash I would be annoyed obviously. It doesn’t really make any sense to burn it in my opinion. I would probably just hold it, probably in a desperate hope that it recovers & gets back to at least a break even price. Hopefully this doesn’t happen to you guys any time soon.

[Text]

Been there done that. Holding onto a dead coin is never fun but I usually take a more optimistic approach, I treat it as a sunk cost and move on.

I never erase my private keys crypto has a way of surprising us. I’ve seen so-called dead projects suddenly pump years later due to unexpected developments or hype cycles.

[CroverNo01]

Let's say you were one of the few investors who bought a coin when it was at its peak, only to find out that it's now dead (both in development and trading activity). You now "hold a bag" (bagholder) of worthless coins sitting on a wallet.

In such a scenario, what would you do? Keep "holding" until the coin comes back to life (revival/relaunch)? Erase all of your wallet data (private keys, seeds) and forget about everything (burn)? Or simply give it all away to someone else?

Your input would be greatly appreciated. Thank you.

What's the point of giving it away or burning it when my money have been liquidated? This is cryptocurrency, there's always a second chance and the impossible happens. Give it years, some lucky stars will fall upon the coin. Jokingly, these dump coins are mainly the trends in altcoin seasons, have you ever thought about wandering suggestion how these dump coins tends to pump to the moon? Most of these coins are newly innovated into the market, they're lengthy abandoned projects that are revived by the team or probably remember by these crypto whales.

This scenario will be tense, if I happen to know what I know now 8 years ago in the market, I would have been one of the successful investors in crypto, you know what they say, information is concrete. I'll not burn or give accessible dump coins to anyone, rather I'll prefer to keep them store in my wallet long enough.

[Shivansh3010]

If you're holding onto a coin that’s lost all value and development, the first thing you should do is take a step back and consider whether there’s any chance of revival. Is there a passionate community still working behind the scenes? Is the technology still relevant, or could it be integrated into another project in the future? If the coin seems truly dead with no hope for recovery, then it might make sense to just cut your losses.

Erasing your wallet data (or "burning" it) can be a way to let go emotionally and move on, but keep in mind that you could always decide to gift or sell the coin to someone else. Sometimes, even the most obscure coins can find new life in unexpected ways. Ultimately, it comes down to whether you believe there’s any future value in holding onto it or if it’s time to move on entirely.

[Lida93]

Let's say you were one of the few investors who bought a coin when it was at its peak, only to find out that it's now dead (both in development and trading activity). You now "hold a bag" (bagholder) of worthless coins sitting on a wallet.

In such a scenario, what would you do? Keep "holding" until the coin comes back to life (revival/relaunch)? Erase all of your wallet data (private keys, seeds) and forget about everything (burn)? Or simply give it all away to someone else?

Your input would be greatly appreciated. Thank you.

What were you doing that you had to wait till a coin you're holding got totally dead before it became a concern to you? I could only imagine your faith in the coin, even for you to think it could resuscitate again is something really strange I have heard about a dead coin. Probably the developers must've moved to a new project.

It's either you let go or base on your faith on the coin keep holding for fun but have no hopes so it doesn't ruin your joy each time you think of it. Good luck with that

[coin-investor]

Let's say you were one of the few investors who bought a coin when it was at its peak, only to find out that it's now dead (both in development and trading activity). You now "hold a bag" (bagholder) of worthless coins sitting on a wallet.

In such a scenario, what would you do?

I can relate to this; I can't count how many coins and tokens I've become bagholders, which is why I always advise investors to get updates on the coins or tokens they invest in lest you find yourself a bagholder because you are late dumping because of rugpull.
You should not have a special attachment to any coin/token you invest in; be quick to dump and cut your losses, or you will find yourself a bagholder who is late to dump.

[Gozie51]

In such a scenario, what would you do? Keep "holding" until the coin comes back to life (revival/relaunch)? Erase all of your wallet data (private keys, seeds) and forget about everything (burn)? Or simply give it all away to someone else?

Your input would be greatly appreciated. Thank you.

It is a situation that most old hodlers have had or would have had. So it is not strange. Well I don't believe that it is good to delete all about a coin or shitcoin because the value has gone low irredeemable because another developer might take it up and restrategize on it, change the name etc. I would delete a shitcoin if the exchanges that has listed them also have deleted the coin. I think I have once experienced such with a coin and it got deleted in then coin exchange.

[Tipstar]

Let's say you were one of the few investors who bought a coin when it was at its peak, only to find out that it's now dead (both in development and trading activity). You now "hold a bag" (bagholder) of worthless coins sitting on a wallet.

In such a scenario, what would you do? Keep "holding" until the coin comes back to life (revival/relaunch)? Erase all of your wallet data (private keys, seeds) and forget about everything (burn)? Or simply give it all away to someone else?

Your input would be greatly appreciated. Thank you.

I would just hold onto the private key and erase everything that gives memory of it. It's not just a hypothetical scenario but it has really been with me. Some of those mineable coins are so dead that I can't even make a transaction even if I want. Burning and giving it away would be a similar thing as they won't be useful anyway. There are many other coins as well where I have spent $100+ but now their price don't even cover the transaction fees, specially the tokens on ethereum chain. The transaction fees is large to start with and with some swaps, any coin below $10 in value are nearly worthless.

[Ever-young]

I think I hold some coins like that which I have not been able to get ride off, I bought some of such coins from during the time when ICOs was still a thing and  investing few dollars and bought billions of one particular token which in will have to check my wallet to remember the name, I just lost hope on the token since it was never listed back then and since their are also some other coins in same wallet, getting ride of the wallet is not the idea thing for me to do I never can predict when any of the token I have in that wallet project team will remember them and it might turn out well for me.

[JaanusRaim]

Remember, Bitcoin has seen as such worthless coin too many times in history ! Many many early investors abandoned it: throw away their private keys or just forgot all. They were sure that BTC was just a scam or joke... waste of money... in 2009, late 2011, 2016

Remember

[Powerjumboo]

Let's say you were one of the few investors who bought a coin when it was at its peak, only to find out that it's now dead (both in development and trading activity). You now "hold a bag" (bagholder) of worthless coins sitting on a wallet.

In such a scenario, what would you do? Keep "holding" until the coin comes back to life (revival/relaunch)? Erase all of your wallet data (private keys, seeds) and forget about everything (burn)? Or simply give it all away to someone else?

Your input would be greatly appreciated. Thank you.

When a coin is in a very good position and if you invest in that coin and after a few days it is seen that that coin is completely dead, then there is nothing to break, you have to hold on to it in the hope that there will be a recovery. You must accept this experience that any situation can arise in cryptocurrency at any time. If you cannot accept this experience, cryptocurrency is never for you because almost everyone has such an experience in cryptocurrency. However, I have not had such an experience because I have not been damaged by buying such coins so far. If ever, I will definitely keep it in my wallet for the rest of my life.

[lombok]

Let's say you were one of the few investors who bought a coin when it was at its peak, only to find out that it's now dead (both in development and trading activity). You now "hold a bag" (bagholder) of worthless coins sitting on a wallet.

In such a scenario, what would you do? Keep "holding" until the coin comes back to life (revival/relaunch)? Erase all of your wallet data (private keys, seeds) and forget about everything (burn)? Or simply give it all away to someone else?

Your input would be greatly appreciated. Thank you.

Of course every decision made certainly has an impact and when something goes wrong, the various possibilities of what can be done emerges. On the other hand, it is not clear why the writer refers to carrying worthless assets as burdensome; they may get a new lease on life in the future. Therefore, deciding to let it go and turn to a different perspective of focusing on what is productive is also practical. No matter what the decision made in the end the most vital aspect is how we answer to this experience and make it as part of a process. I believe there is no right or wrong move, there is only the move, which is convenient for the individual at that particular time and agrees to his line of thought.

[passwordnow]

Remember, Bitcoin has seen as such worthless coin too many times in history ! Many many early investors abandoned it: throw away their private keys or just forgot all. They were sure that BTC was just a scam or joke... waste of money... in 2009, late 2011, 2016

Remember

It's a different story now. But you're right that before, Bitcoin was ignored and many have forgotten their private keys and threw them away not knowing that it will grow today. In many altcoins now, it won't be the same. Trust me, there have been a thousands, to millions now that have been abandoned and they were never knew where they are now. That's why comparing those altcoins to Bitcoin is absurd, we'll never know how these alts will move but they will never get close to what Bitcoin has achieved. Maybe for some cryptos but not all of these altcoins that many of us are bagholding.

[Yamifoud]

Let's say you were one of the few investors who bought a coin when it was at its peak, only to find out that it's now dead (both in development and trading activity). You now "hold a bag" (bagholder) of worthless coins sitting on a wallet.

In such a scenario, what would you do? Keep "holding" until the coin comes back to life (revival/relaunch)? Erase all of your wallet data (private keys, seeds) and forget about everything (burn)? Or simply give it all away to someone else?

Your input would be greatly appreciated. Thank you.

That actually happened to me when I bought new coins and was scammed after a few days. It's sad to say, but this really happens.

If I had the chance to sell them, I would do so, but yes, it was a risky move to invest in a project that is not yet listed on any exchanges. You will have nothing to do but to keep them.

That is why we should rather buy old and listed coins rather than hoping for a fortune in new ones. We are not just looking for better price opportunities but also the guarantee that we can sell them if needed.

[shinratensei_]

Remember, Bitcoin has seen as such worthless coin too many times in history ! Many many early investors abandoned it: throw away their private keys or just forgot all. They were sure that BTC was just a scam or joke... waste of money... in 2009, late 2011, 2016

Remember

completely different story if any, most of coins right now were made so that the developer could cash in, so there's no correlation whatsoever with bitcoin's success, even more so when the developer always trying to have high allocation of premint to their own wallet.

while if you see satoshi's wallet, the bitcoin literally never moves.

the history of bitcoin, might not be repeated by any coin anymore in the future.

[judeafante]

In such a scenario, what would you do? Keep "holding" until the coin comes back to life (revival/relaunch)? Erase all of your wallet data (private keys, seeds) and forget about everything (burn)? Or simply give it all away to someone else?

Your input would be greatly appreciated. Thank you.

If the platform is still online and the community is still active, there is a possibility of rebranding or relaunching, so its better to get updates, but if all traces are  gone—platform, community and volume—then better move on and consider it as a loss; its part of being an investor in a highly volatile industry.

[letteredhub]

I think I hold some coins like that which I have not been able to get ride off, I bought some of such coins from during the time when ICOs was still a thing and  investing few dollars and bought billions of one particular token which in will have to check my wallet to remember the name, I just lost hope on the token since it was never listed back then and since their are also some other coins in same wallet, getting ride of the wallet is not the idea thing for me to do I never can predict when any of the token I have in that wallet project team will remember them and it might turn out well for me.

If it was just one coin in that wallet I would have advised you forget about it and do away with the wallet because you could be holding some dead shit would never receive breathe in the next century. But having several coins in one wallet just makes it difficult to thrash away. It could be that some of these abandoned projects that never got launched it's either the lead owners got into deep shit and decided to abandon it or they lost their life just before expected launched date and it just stayed that way. A lot to speculate though but in all it's just frustrating hodling such bag with no certainty of what could be the future for it.