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.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.