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.
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.