What would you do as a bagholder?

[Mahanton]

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 we do speak about bagholding coins then i do have tons of wallets that having some shit coins but majority will really be speaking about on phantom wallet on which i have been that holding and majority of them are rugged or simply their price is on the bottom and doesnt make any movements on which i dont pay up any attention to that since i have already moved on. If we do speak about into those projects that i have invested like on presale and ending up on being delisted due to low volume or any common reasons  then i do just simply let it sleep into my wallet and dont do anything about that. It will really be just that having some hopes that it might be having some revival on which we know that this could really possibly happen on which we know that there are things that do happen such as this and there's always the probability. The only key on here is that you shouldnt be expecting for that to happen because there's that slim chance but it isnt bad to make out some checks into your wallet if one of those coins made out some pumps and still make out some profits with that. There are times on which i have done this on watching up the coins i've been holding on my bag but the amount isnt significant but actually its not really that bad after all on which at least you do be able to earn up some back of those you have invested. Its really that hard for the first time when you had invested into something but ending up you've been able to make out some entry into the peak because you have been fomo? This is a common mistake of most traders or investors is that whenever they have been dragged to fomo then they would really be doing irrational decisions on which it will be leading into disaster.

[lixer]

This is true, if it suddenly comes back alive. It's a typical pump and dump and it's not worth it to spend time.
There could be more from that and it only takes an experience for someone to realize that it's not worth it to get onto that because it means nothing to be honest.

I agree about him. You know dead coins that are already de-listed on the exchanges but there are also dead coins that are still listed but only became stagnant in a low price. I think these coin can still have a chance to recover sometimes or unexpectedly but indeed we can only wonder why it occur. We think this is shady activity already, so it is better to just stay away from it for our safety but if we already have those, then we are lucky because we might still sell them for some dollars.

it means nothing to be honest

Of course it does but they only need to prove it strongly to us.

I've got a lot of those bounty tokens that are worthless now and I just kept them, luckily, I've sold some before they even became worthless.

I think you are still sad because you only sold a few. Anyways, it shows that sometimes, being hasty can still do better to us.

[AVE5]

Hmm, first let me get reminded by this that we must be careful of when investing in any of the meme coins because this is not just an imaginary scenario but a reality because there had historically been some coins that that trended and died leaving it holders useless of the coins in their wallets.
Hence below are few notable AltCoins that have historically performed well with good market cap but are dead and gone.
1; OneCoin: It trended for a whole 3 years from 2014 to 2017 before it was scammed rocketed.
2; Pay Coin: Which was theoretically an obvious scam project with it poses of opposing bitcoin at launch. It also turned out a dead coin existed 2014 to 2015.
3; Luna Classic: This is a coin that has also done so well as at 2022 but crash at loosing it value but was relaunched by a different blockchain while the old one went sideway (dead).
These series of dead Coins includes DentaCoin, BitConnect, SafeMoon, DragonChain and many more.
I got these listed so it doesn't seem this context of this Op's thread isn't just what ends up in the imaginary world  but happened and still realistically happening.
It'll be safe for us to take note and be extremely concious of what coin we holds especially in a Long period of time.

So, if I was to hold a huge amount of values of any of these coins, I wouldn't see securing it for a lifetime to be that stressful to me hence I know that it wouldn't be weighty on me rather than holding it on the wallet.
Muchly,  most AltCoins we see dominating the AltCoins markets has at some point dead and came back on revival or relaunches on other blockchains while some were already turned dusty and came back live and gains values again.
So, there should be need to keep that holding up to the highest level of your patient as it'd drain you no energy if you'd just have to secure your seed phrases or private keys.
Probably you can be lucky to see the coin bounce back but mustn't be hopeful so you that feed your emotions with false expectations.

[Mayor of ogba]

If I am among the few investors who are holding a bag token in their wallet and it happens that the bag token is dead and no active trading is happening on any centralized exchange, I would not send my bag token to someone else or erase my wallet data just to forget the bag token because the bag team could decide to relaunch the bag token, which could give me the opportunity to recover my capital or part of my capital, but if I send my bag token to someone else or erase my wallet data, I won't have the opportunity to sell my bag token if it's relaunched in the future. What I will do if I am in such a situation is to turn off the bag token in my wallet so that anytime I access my wallet, I will not see the bag token, but it's still in my wallet.

[Abiky]

Hmm, first let me get reminded by this that we must be careful of when investing in any of the meme coins because this is not just an imaginary scenario but a reality because there had historically been some coins that that trended and died leaving it holders useless of the coins in their wallets.
Hence below are few notable AltCoins that have historically performed well with good market cap but are dead and gone.

...

2; Pay Coin: Which was theoretically an obvious scam project with it poses of opposing bitcoin at launch. It also turned out a dead coin existed 2014 to 2015.

...

I'm also a bagholder of Paycoin. Remember the days when Garza promised XPY would be worth $20? Back then, I was a newbie and didn't know about scammer's tactics to deceive investors. I've made my decisions out of pure greed. Had a lot of money invested in this "shitcoin" until the market went down with it. Now I'm bagholding a large amount of Paycoin. I don't think there's hope for this coin, especially with Josh Garza's reputation tied to it. Not even a rebrand will save it.

Paycoin will end up like Terra/LUNA. Long lost and forgotten, unable to make a comeback. Even the Terra team tried launching Terra 2.0 to no avail. It's time to move on. Some projects are simply not worth the wait. You'd be lucky if the coin you're bagholding gets resurrected by developers in the future. It's an uncertain world, so anything's possible.

[pooya87]

A quick look at the price history (charts) of various altcoins and tokens can answer that question. When a shitcoin gets dumped hard and is considered practically dead, it is highly unlikely for it to get pumped big enough to reach its previous ATH.

Take the biggest shitcoin for example. It is highly unlikely for ETH to get pumped big enough to reach its ATH at 0.15BTC (the ATH back in 2017, and today it is worth 0.02BTC).

So the only good decision for bag-holders is to first and foremost to learn from that mistake and never become a bag-holder meaning never hold any shitcoins ever. Just trade them short term and sell them as soon as possible.
And then if you made that mistake and became a bag-holder, it is best to cut the losses and sell to get at least a tiny amount of your money that is left, out. That way you can have that small amount in your hand to trade with and try to recover your money by making profit by trading others while having learned from that mistake.

[Abiky]

A quick look at the price history (charts) of various altcoins and tokens can answer that question. When a shitcoin gets dumped hard and is considered practically dead, it is highly unlikely for it to get pumped big enough to reach its previous ATH.

Take the biggest shitcoin for example. It is highly unlikely for ETH to get pumped big enough to reach its ATH at 0.15BTC (the ATH back in 2017, and today it is worth 0.02BTC).

So the only good decision for bag-holders is to first and foremost to learn from that mistake and never become a bag-holder meaning never hold any shitcoins ever. Just trade them short term and sell them as soon as possible.
And then if you made that mistake and became a bag-holder, it is best to cut the losses and sell to get at least a tiny amount of your money that is left, out. That way you can have that small amount in your hand to trade with and try to recover your money by making profit by trading others while having learned from that mistake.

I thought ETFs were going to "pump" ETH all the way to "Mars". I guess that didn't work out. It seems to me that holding altcoins for the long haul is a losing game. You're better off holding only Bitcoin for complete peace of mind. The crypto market's unpredictability can either make you rich or poor in an instant. Especially with altcoins that are driven by hype.

Many investors can end up becoming a "bagholder" by not making their move before the huge "dump". At least, "blue chip coins" have a higher chance of survival in the long term. I'm talking about ETH, LTC, XMR, and such (top-ranked coins in market cap). They might go lower in price over time, but it's unlikely they'll go to $0. That's better than losing it all. Just diversify your investment, and there should be nothing to worry about.

[Akbarkoe]

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.

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

[Text]

I thought ETFs were going to "pump" ETH all the way to "Mars". I guess that didn't work out. It seems to me that holding altcoins for the long haul is a losing game. You're better off holding only Bitcoin for complete peace of mind. The crypto market's unpredictability can either make you rich or poor in an instant. Especially with altcoins that are driven by hype.

Many investors can end up becoming a "bagholder" by not making their move before the huge "dump". At least, "blue chip coins" have a higher chance of survival in the long term. I'm talking about ETH, LTC, XMR, and such (top-ranked coins in market cap). They might go lower in price over time, but it's unlikely they'll go to $0. That's better than losing it all. Just diversify your investment, and there should be nothing to worry about.

True crypto market is brutal especially with altcoins. Timing is everything holding the wrong bag too long can turn a decent trade into a painful loss. I agree that these blue chips are more resilient than hype-driven projects but even they aren’t immune to the market’s wild swings. I think diversification helps but so does knowing when to cut losses and move on. At the end of the day whether you’re holding BTC for peace of mind or trading altcoins for quick gains the key is staying adaptable and not getting emotionally attached to any coin.

[Miles2006]

I will consider holding till whenever, the point why I still choose to hold probably the altcoins market might just decide to rise although events like this hardly happen if only the community is willing to create a second chance. This is the major reason I choose to avoid altcoins investment because there’s 99% risk and a little chance you’ll earn a good profit, even when a coin is dip investors still decide to buy and hold so in this situation there’s no point selling everything rather hold and watch the market rise.