What would you do as a bagholder?

[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.

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.

Since I’m not paying any tax for holding the wallet I don’t think it’s occupying any space for me neither is it also adding any extra weight to where ever I store the key, which is why I don’t even give it any thought of discarding it, I know for sure that some olds coins which are in that wallet won’t ever make it to the market, some which have already done that and later get delisted the project owners have abandoned them and there is no coming back.

[Abiky]

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?

If you're one of those people who invested all of their life savings into a coin, you wouldn't want to toss away that private key or seed. Even if the coin "dies" in the long run. There's a slight chance the project goes back to life in the future. Especially if other developers take control of it.

 A revival would surely boost market prices within the short term. But if you're among the few who spent a small amount of money into a "dead" coin, burning it or giving it all away shouldn't be much of a problem. In my case, I'd burn my coins and forget about the rest. I've got nothing to lose, anyways.

[Kusunoki_Samurai]

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?

If you're one of those people who invested all of their life savings into a coin, you wouldn't want to toss away that private key or seed. Even if the coin "dies" in the long run. There's a slight chance the project goes back to life in the future. Especially if other developers take control of it.

 A revival would surely boost market prices within the short term. But if you're among the few who spent a small amount of money into a "dead" coin, burning it or giving it all away shouldn't be much of a problem. In my case, I'd burn my coins and forget about the rest. I've got nothing to lose, anyways.

It's rare for coins to be reborn. They usually die and die forever. It's especially hard for coins when the market is falling. And most coins die forever during a market crash.

[adultcrypto]

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.

Since the wallet data does not occupy any important space in my device, I did not see any reason to delete the wallet details so I will just leave them there to remind me to avoid making same mistake twice. Deleting them might mean you can forget the pain of holding a bag of shitcoins, hence the possibility of repeating same mistakes. I have such collection of shitcoins that are practically dead with no hope of coming back. I regretted buying some of them even though they appeared very promising then. I will simply leave them in the wallet as there is nothing I can do about them.

[Issa56]

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 you bag a coin, and the coin ends up to be a dead one, the only thing that can be done at that moment is to keep on holding, you can’t sell a coin that doesn’t have value, and you don’t have to erase all your coin, if you are holding the coin in your wallet, it’s not going to affect you in any way, a dead coin might end up rising in the future, and if you have disposed the one which you are having, you will be the one to end up regretting later in the future why you disposed the coin. This is crypto space, don’t always completely give up on any coin, anything can happen.

[Gentle_Soul]

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.

A couple of coins have had in the past have really failed and disappointed me personally what I do is not to erase my wallet or burn my account I just document them and keep in a safe not minding how many years it will take for it to revived because you can't tell what might happen to it in the future
It can serve as an uncertain investment instead of burning it all away
Yes the loss have been made so I just take it that have losed that investment already but instead of giving up completely I will just have to give it some years.

[WeedGoW]

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.

You mentioned that if someone purchases if the currency is at high price and what should be done when that currency goes down at a lower level. It will be very difficult to decide this situation. If you think that this currency may be the first face again in the future, you can keep it. And if you are that this currency we will start to decrease the price now the only one you can decide to do and if it’s likely to retain long-term again your profile. Again if you believe that this currency will never increase the price, then you can sell it. Remember – investing always has risks, and making the right decisions according to your financial status, mental condition, and future plans is important.

[malah]

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 you bag a coin, and the coin ends up to be a dead one, the only thing that can be done at that moment is to keep on holding, you can’t sell a coin that doesn’t have value, and you don’t have to erase all your coin, if you are holding the coin in your wallet, it’s not going to affect you in any way, a dead coin might end up rising in the future, and if you have disposed the one which you are having, you will be the one to end up regretting later in the future why you disposed the coin. This is crypto space, don’t always completely give up on any coin, anything can happen.

There is also no way of predicting how the given type of crypto asset is going to change in value in near time. What is considered to be worthless today might be valued the following day, and this is a common occurrence in the crypto space. Some stockholders may consider keeping the stock that you already have without necessarily having to make a decision to sell it or invest in it within some time for those who believe in long-term investment. There is always risk involved, however, if the particular asset is stored safely there is not much that one loses until the moment when one decides to sell the particular asset. All the events are possible, and it is impossible to say something about the future beforehand.

[Webetcoins]

Since the wallet data does not occupy any important space in my device

I think each space is important but it is just that wallet data's can only consume less space, so we usually won't mind them inside our devices. Installing the software (wallet) maybe, is the ones that can be problem if we are also a fan of installing more software in our devices. It is still risky to leave a wallet data inside a device (except if it was a hardware wallet) because you know, cryptos are so popular now and hackers are doing their best to steal our data's. They can infect the device that we are using, with a virus or a malware.

I did not see any reason to delete the wallet details so I will just leave them there to remind me to avoid making same mistake twice. Deleting them might mean you can forget the pain of holding a bag of shitcoins, hence the possibility of repeating same mistakes. I have such collection of shitcoins that are practically dead with no hope of coming back. I regretted buying some of them even though they appeared very promising then. I will simply leave them in the wallet as there is nothing I can do about them.

Or you can also do this: Not buy any shit coin at all. That way you have no confusions or stress if what is the best thing that you must do. Also skip doing airdrops, especially those unknown ones, as this is also another way to get them.

[Zanab247]

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 don't invest what I cannot afford to lose in altcoins investment, I will ignore such dead altcoins or remove the dead altcoins from my wallet because I know they will not come back, which are some of the drama you can experience from some altcoins.

There are some investors that will keep hodling them until they get tired of the altcoins before they can remove them from their wallets to be free for such dead altcoins because they know that there is no hope for such altcoins to return back to cause investors to earn profit. If you don't want to involve in such altcoins in the industry, avoid those new altcoins, if you don't want to have dead altcoins in your wallet.

[Immobilium]

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 don't invest what I cannot afford to lose in altcoins investment, I will ignore such dead altcoins or remove the dead altcoins from my wallet because I know they will not come back, which are some of the drama you can experience from some altcoins.

There are some investors that will keep hodling them until they get tired of the altcoins before they can remove them from their wallets to be free for such dead altcoins because they know that there is no hope for such altcoins to return back to cause investors to earn profit. If you don't want to involve in such altcoins in the industry, avoid those new altcoins, if you don't want to have dead altcoins in your wallet.

You only need to invest in those altcoins that are time-tested and have practical benefits. For example, now more and more users are switching to the Tron blockchain, which is actively developing. I think this blockchain has a good future.

[Abiky]

There is also no way of predicting how the given type of crypto asset is going to change in value in near time. What is considered to be worthless today might be valued the following day, and this is a common occurrence in the crypto space. Some stockholders may consider keeping the stock that you already have without necessarily having to make a decision to sell it or invest in it within some time for those who believe in long-term investment. There is always risk involved, however, if the particular asset is stored safely there is not much that one loses until the moment when one decides to sell the particular asset. All the events are possible, and it is impossible to say something about the future beforehand.

Of course. Investing in crypto is all about risks. Especially when it comes to altcoins. They're more volatile than Bitcoin itself. I'd stick with top-ranked altcoins in market cap just to be safe. Still, this isn't a guarantee your investment will last a lifetime. In the early days, Peercoin was the fourth-largest cryptocurrency by market cap only to be lost and forgotten today. It's best to keep an eye out for the news and market movements to determine the right time to sell before it's too late.

If you've invested a lot of money into a "dead" coin, your only option would be to preserve the private key or seed with the hopes of seeing a relaunch in the future. Otherwise, I'd suggest you "burn it all" (not literally, just erase traces of your wallet data) and forget about the rest. It's your choice.

[aioc]

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?

You will have those useless coins coming from your investment, airdrop, and bounty hunting. I have a lot of this shitcoins coming from bounty and airdrop, but its part of the game; you have to live it up because of the uncertainty and volatility of the market. The ones that will hurt the most are those coins you invest in and hope that you will make a good profit.
I just let them in my wallets. I'm not doing anything; we never know. These wallets might qualify from airdrops because of age and activeness.

[FinneysTrueVision]

Dead coins don’t just come back to life. If developers are nowhere to be found and it has been delisted from every exchange, it is time to give up hope. Depending on whether it is the native blockchain itself that is dead or just a token built on a chain, there could be major security issues. It would not be very expensive to do a 51% attack on a dead blockchain.

Usually, before a coin dies, there are warning signs and this is when you should have cut your losses and dumped it. I have not seen a successful revival of a dead coin, but there are some coins that are running on life support that keep going for many years. I wouldn’t count on them making a comeback and would just look for a way to cash out if they still have any value.

 

[Abco]

Dead coins don’t just come back to life. If developers are nowhere to be found and it has been delisted from every exchange, it is time to give up hope. Depending on whether it is the native blockchain itself that is dead or just a token built on a chain, there could be major security issues. It would not be very expensive to do a 51% attack on a dead blockchain.

Usually, before a coin dies, there are warning signs and this is when you should have cut your losses and dumped it. I have not seen a successful revival of a dead coin, but there are some coins that are running on life support that keep going for many years. I wouldn’t count on them making a comeback and would just look for a way to cash out if they still have any value.

 

It is much easier to create a new coin and hype it than to revive the old one. Therefore, if a coin is dead, then it is dead forever.

[Abiky]

Dead coins don’t just come back to life. If developers are nowhere to be found and it has been delisted from every exchange, it is time to give up hope. Depending on whether it is the native blockchain itself that is dead or just a token built on a chain, there could be major security issues. It would not be very expensive to do a 51% attack on a dead blockchain.

Usually, before a coin dies, there are warning signs and this is when you should have cut your losses and dumped it. I have not seen a successful revival of a dead coin, but there are some coins that are running on life support that keep going for many years. I wouldn’t count on them making a comeback and would just look for a way to cash out if they still have any value.

Of course. The odds of "reviving" a "dead" coin are very slim. You're better off moving to newer and popular coins. Still, that doesn't mean a "dead" coin can experience bursts of market activity from time to time. Sometimes a buyer makes a few purchases on the exchange for a "dead" coin, effectively "pumping" its market price.

You'd be lucky to sell before interest/demand is lost again. Believe me, I've seen this happen a lot on YoBit. There are too many "shitcoins" that sporadically experience "pumps", making this a great opportunity for profit. Still, this is more of a gamble than anything else. For a serious long-term investment, choose Bitcoin instead.

[jcojci]

I have that experienced in the past but I don't take any action and only let it happen. Yes, it feel sad to see the coin cannot increase but that is what happen and I can not be like that. I must move on and not think much about the coin but I don't remove all things about the coin and just sit like that in my wallet. That is usual thing that can happen in the market so we must be ready for that and know what we must do. We can not feel sad all day long but we must move on because we have other coins that can be the next profitable coins.

[bitgolden]

Sell? I have not been a bagholder many times before, but I have been one a few times and I just sold, whenever something drops in price, I just sell. I always have a strict rule, if the price of something goes down 50% and it is not in the top 20, then I sell. It's very clear, because while the market could go down that much during bear markets, I only keep bitcoin during bear markets as well, and I only keep bitcoin when market starts to recover too.

However, I do end up buying other stuff later on, and when they crash, I try to sell when it's 50% down. One time, I missed it, because it dropped 99%+ basically to nothing when I was a sleep, so it does happen and we just need to get used to it. If you can sell, just try to get out and get rid of it.

[terrific]

Dead coins don’t just come back to life. 

This is true, if it suddenly comes back alive. It's a typical pump and dump and it's not worth it to spend time.
There could be more from that and it only takes an experience for someone to realize that it's not worth it to get onto that because it means nothing to be honest. I've got a lot of those bounty tokens that are worthless now and I just kept them, luckily, I've sold some before they even became worthless.

[Abiky]

Sell? I have not been a bagholder many times before, but I have been one a few times and I just sold, whenever something drops in price, I just sell. I always have a strict rule, if the price of something goes down 50% and it is not in the top 20, then I sell. It's very clear, because while the market could go down that much during bear markets, I only keep bitcoin during bear markets as well, and I only keep bitcoin when market starts to recover too.

However, I do end up buying other stuff later on, and when they crash, I try to sell when it's 50% down. One time, I missed it, because it dropped 99%+ basically to nothing when I was a sleep, so it does happen and we just need to get used to it. If you can sell, just try to get out and get rid of it.

You can always use a crypto trading bot (whenever possible) to automate your trades (buy/sell). Just give it instructions to sell your crypto at "x" price, and you'll avoid losing it all in an instant. But of course, not everyone knows how to use a trading bot. Especially newbies. What most people do is buy a coin and forget about it for some time. During the wait, they can risk losing it all if market prices go all the way down the drain quickly. This is the normal behavior of the crypto market. And there's nothing we can do about it.

If you're out of options, then I'd suggest you keep the private keys and/or seeds of the defunct cryptocurrency. I know many of us here will remain bagholders forever. The crypto market behaves in many strange and bizarre ways, so expect the unexpected.