Bitcoin Forum

Hey,

Been compiling a list of alt's that went dead over time.
Was wondering

-What is the biggest loss you have taken in an alt-coin investment
-What do you think made it die / killed it
-If you were to do that investment now, what would you do different ?

Looking to compile information on the rise of alt's and how it is changing the financial world by storm.
All inputs would be appreciated.

P.s - PM's are always welcome.

I don't think many people are willing to recall the pain, lol.

What i do different now: not being greedy with coins anymore. Being content with smaller position because things can go south at any time.

Yeah I love how people come on here and brag about their winnings (which I don't doubt) like it's a rational process which can be kept up indefinitely.  I've seen price swings with altcoins that couldn't possibly be tolerated for long.  Look at what's happening with TRUMP, one of the shittiest shitcoins I've seen thus far.  One would have to be a fool to get into that and hold on.  You would have to have not two, but three clanging brass balls.  I do not have such a set.  I'm as wimpy as they come.

My maximum loss was 35% of all my stash.

I Lost 70% of my btc in 2013. it was a great lesson, never again

$50 to 20c in good old Mazacoin. And in an impressively short space of time too.

$99.00 for the hashstaker that I bought for XPY.

My greatest loss was buying 50000 DOGE before the dunp.
I then lost that on Yobit Dice (before the price was pumped back up again!

My biggest lost when invested in alt coins was around 0.02. That day i was bought GRE for @60 sat, and tommorow the price dropped until @2 sat

Mostly I loss newer alt coin on yobit the price is crazy can drop to 500% even more just one day but there are also have a few good coin that can triple your money in a week.
Do your own research and don't listen to trollbox can save you from scams

You must mean 80% drop. The biggest drop a coin can make is 100%, which would drop it down to zero.

Do you know sub and spm? Drop nearly 10000%,I loss to sub 1btc just in 30 minutes crazy bot pushed down to 100sat from 1300 satoshi

what coin you buy?
or you loss with betting/ scam site?

I lost 0.5 bitcoin to an altcoin because the dev scammed and ran off with all the money . this kind of behaviour seems almost normal in the world of altcoins though. It doesnt really bother me too much now apart from always thinking i could have that little bit more bitcoin had the dev not been a total scumbag.

Which coin?

The coin was droidz, It had various swings after the dev left and there was the possibility to gain back some of the lost funds through trading but the price finally dropped down to whatever its at now which is something like 50 sats. A new Dev has taken over it now and is trying to make a comeback with it so if anything happens with it , it might be worth jumping back onboard. I bought in at ico and it never went back to ico price after launch if i recall.

I bought this! Already delisted from bittrex,I bought 0.25btc and cannot withdraw because bittrex on the wrong chain after their doing swap.

Oh yeah, that was another dev that scammed drz as well, the first dev who created it scammed and ran off with the bitcoin then finally we got hold of a dev that looked like he could turn things around and then just as things where looking up i think it weas bittrex who sent the dev the old coins off the exchange instead of destroying them and then dev dumped them and took all the bitcoin he could. There is a new dev working on it now though so you never know, Might make a come back yet.

My drz already burned by bittrex this a lesson to me,I will find another potential alt coin and never turn to this one again.

One candidate would be trump coin. After the election it might just die too. Or if trump loose it will also die or if he won and after his term it will soon die. It should die anyway along with donald if possible.

Anyway no matter what happen surely will die,should we dump?

I would have to say it was during an experimental new wallet, algorithm & currency, the wallet was an auto updater with wallet.dat hidden inside the folders unlike normal altcoins.

I mistakenly deleted it when applying the new update and lost all of the coins..... Turns out a few days later those amount of coins I had were around 1.5 BTC worth !

I tried everything to get them back but the more I tried the more I got depressed, I took it as a lesson learnt in cryptolife even for the more experienced.

Wait til its worth of course, if you find its enough for you that 1 trumpcoin is equal to $1 then dump it. It may reach $5 later so maybe you have to wait still until the right time. It might rise good right before election.

tbh i don't recall losing investment on an altcoin due to it dying, but i have lost potential earnings quite a few times due to selling too early.
The most of such potential that i have lost was on litecoin,dogecoin, and nmc. I still made a nice profit, but compared to what i could have been, that's nothing.

I dont think i would change anything in the way i trade, because i prefer selling too fast for lower profit compared to being a bagholder.

I never experience yet what biggest lost in altcoin but in small altcoin sometimes i lose.. i think i lost in waves when the price of waves when it release is 0.025 i thought that the price will increase when it new release but the  result turn into crash..
So i think this is my large or biggest lost in altcoin..

Did you sell all your waves already? That was probably a mistake because it certainly looks like its going to be making a comeback. price was just pushed low to get rid of weak hands and now we can see some actual growth . Its not too late to buy in though , with the amount of support its got its definitely not a dead coin.

Trump coin is getting a big boost on Yobit 2 days ago but now they are dumping the coin,this coin is just a hype and it's not meant for long time usage,because they just use it as Trump propaganda..

My biggest loss was buying an altcoin in bittrex. I can't remember the name of the altcoin but I bought it in ICO.
In less than a year, the coin was delisted and I lost 0.5 btc spent in the ICO. Ever since this loss, I don't buy ICO now and would rather pay higher price if the coin is successful.

I got into altcoin trading with the dogecoindark <--> Verge/XVG namechange. Lifted me up quite a bit.
Afterwards, I bought a small position of XVG around 25 sat and watched it drop to 11 sat, then sold it.

Fortunately, I have not much to contribute here. The only coin with which I made a real net loss because of a bear market is actually Litecoin (yes, I was so stupid that I bought a small amount when it was at $20 because I expected at least a double top), and I lost even the small amount what was left of its worth at ... Cryptsy . In all other coins I had some money into the wins have outweighted the losses.

Ah yes, there is Bitshares too, but in this case it's a very small amount. I went in with a few satoshis when the price was about 1 cent of an US dollar. But in this case I am even optimistic that at some moment it will be worth more than that cent.

Mention Above i also lost a lot on litecoin never thought that it can go that low but i still believe in litecoin and it will make a comeback.

That would be Fedora. I've lost 137 LTC in a buy wall in like 5 seconds when it was listed on Cryptsy. I should add that I accumulated around 3 billion coins (it was extremely easy to mine, I mined like 100-150 million coins/day with only 2.7 MH), most of it sold @ 1-3 litoshi. Can't exactly remember, but my last 450 million I sold @ 25-30 litoshi. And I had a chance to sell @ 160-170. :) What if I had these coins when TIPS market cap hit $12 million, or even now? :)

P.S. BlackCoin is a honorable mention, though it is not the subject of the thread. I made around $4,500 profit in 3-4 days, but I've lost roughly $130,000 potential profit after 2 weeks, because I sold it before the real pump.

Ok, if that counts, too, I'd have some more "losses" ;) As does probably everybody else.

Maybe you bought EQX or MNE both are created by scammers

You make a lot profits with blackCoin that is amazing, I saw blackCoin on Mintpal and the price just 800 satoshi years ago I regret not buy it.

Back in these days that profit was not much, because I was able to mine between $800 and $1200 worth of scrypt coins with 420MH.

P.S. Btw the price of BC was 500 satoshi on Poloniex before it hit all-time high ~55k satoshi a month later. Basically 1 BTC becomes 111 in a month. The price of Bitcoin back then was about $460...

We don't see any potential alt coin recently, do you have any idea what coin should we buy?

There are few underdogs, which are not followed by many people, but apart from them currently Litecoin looks like a "safe bet".

I also bought Litecoin,The team back again with new Roadmap I expect LTC to reach 0.02btc

Trump just a pump and dump scheme but you can make huge profits with it if you buy and sell in a right time

Really? :)

https://twitter.com/FAILCommunity/status/749611930084597760

https://twitter.com/FAILCommunity/status/749661719509757953

;D

P.S. Btw, I didn't saw the robelneo's post. What did I told you about BigUp, bud? You seems like a good guy, but you are not very good with predictions on altcoins :)

Yeah because I bought trump at 3050 satoshi and sold at 6000 satoshi,I missed the big pump but at least I got some profits,I did'nt reinvest again I will find another potential alt coin

I am know I am not very good with predictions  :(

The P.S. was for robelneo.

Also another big loss I had was working with a moving market with 3 other people with the same coin that we all swore in together, everything was going fine until one or both of them got greedy as people in crypto usually do & dumped their shares on my support, lets just say I lost out on around 7 Bitcoin to the douchbags.

I am pretty sure they are around still lurking and doing the same thing till this day.

It wasn't the coins fault but the users involved with it, two-faced.

Bitshares. Thousands of dollars.