Bitcoin Forum

With new coins coming out every day, not all of them survive for too long. So once a coin is abandoned, what do you do with it?

Once i bought a failcoin and its price dropped too much so i sell it then to bitcoin or usd in an exchanger even with loss...

I invested in a coin and didn't sold for @1000 satoshi
Thinking that its price will increase much more one day.
And i ended to sell for few tens of satoshi, in this case sell before you sell them at 1 satoshi.

Some get new developers and are revived. Others live on with a strange half life inside an exchange. I wonder how many are sitting out there in wallets that no longer work.

Well, i have a bunch of a dead coins. I make a hole in my garden and put the wallet there with a signal: RIP.  ;D

Most should skip the mining and block chain and go straight to exchanges. They're not used for anything else anyway.

Well there was one coin which i managed to get out fast but i actually didn't wait and hold on to it until it became completely useless before selling. If something were to end up fully abandoned and useless I guess the only thing you can do is to just put it aside.

why keeping it, I use to have tons of stellar and some other coins i got for free. I did check their value from time to time but when I notice their price don't go up after weeks, it should be a sign to simply let it go. don't wait till it hit 0.

Yup! I agree with you. At least we can get something for that coins.
Something is better than nothing, IMO.

Well I guess that people would sell them if they are still worth of something. But if they are dead then probably you can't sell them at all, since exchanges don't support them either.

Well in this case scenario everyone that owner coins like this are screwed. You better have sold them when you could have! :)

You can also create a new small community (a forum, facebook or group) and use it as a token for that.

That is like a good trader move, one should not hold some thing which is not showing any sign of movement for long time particularly if it is not well established product

it's a loss for sure, at best i could try to sell it at loss if i bought it, but it was never the case in the past, because i prefer to instamine, so the loss was not that big anyway

You can sell it and sell at a loss, before no one even will exchange that coin. Or you can try to revive the coin. Or just put them away somewhere and hope that it comes back to life. Or you can just forget about them and admit that you lost a gamble.

Even better, don't invest in those coins at all  ;D

New coins I suppose are only good when its new. If they don't get to position in the exchange sites in months, eventually they'll turn to scam by pumping and dumping.  ;D But if you see the new ones get to be consistent like NXT, Monero and the rest, I think they do have value in the future.

I already deleted all the coins with no network support and no exchange that accept them.

This is the essence of altcoin "investment". You shouldn't be buying those in the first place. The will be fewer and few success stories with new alts now. I have seen alts with broken blockchains and no dev to fix. These have zero revive probability. The question is not what to do with the wallet file, but have you learnt something from it.  ;)

This is what usually a serious collector of alt coins faces. Only the waste of mining power and electricity all the above waste of time, only end up in electronic wastage. Most of the alt coins follow bump and dump formula to make it's adopters also get dumped.

Until I see an app that has an army of abandoned coins you can buy into
I would say let it rest in peace

Perhaps... just favorites and wait it second coming

but the best way is never touch them

still in my wallet  ;D

I put all of them in the Recycle Bin and delete them permanently to free  up some hard disk space.

There is no way that someone will not experience this type of things in the course of crypto trading but before you can do anything with your fail coin you need to see if it could be revived or if it has future but in most cases it is better to wait.

Since its a dead coin I'll just stock it into my account in exchanging site who knows it will revive again plus it's additional design to my account seeing numbers of coin.