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. 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.
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.