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.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.