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.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 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.