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.
If it were me, I would rather see the situation in the market, for example like now where the bitcoin cycle will still be counted as printing a new ATH and Altseason is not visible in the current cycle so the possibility is still there this year, therefore if I have that shitcoin in my bag then I would rather hold it for a period of time that is not too long like until the end of the year, at least I don't get more losses when the market recovers after a significant decline in altcoins now.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.
For now, just leave the wallet you have today, consider the money lost and we focus on our work again rather than mourning the coins or tokens that have fallen from their ATH, I strongly suspect you are experiencing this, sir. LOL