When does a coin become officially dead?

[addias]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

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[Herbert2020]

there is nothing called officially in my opinion.
you can call a coin dead for many reasons for example:

• when the developer gives up on his own project and nobody else is interested in picking up where he left off.
• when the price goes to 1 satoshi and there is no buy orders and nobody is buying from the asks either.
• you can even go as far as calling a coin dead when it is getting dumped real hard down to 1 satoshi
• technically a coin is dead if there is no one mining it and there is no full node of it available any more.

[Spoetnik]

When i say so !

..and what he said above

Remember.. FUD first and ask questions later !

[Pettuh4]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

You've actually answered yourself, nobody will officially inform you that their coin is dead; you're going to have to deduce that by your own observations and you stated teo(2) of them above. All dead coins have their developers abandoning project, a drastic fall in prices on the exchanges or it is no more listed on the exchanges.

[falala69]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

When the market is not interested in that coin, simply as that. However we could extract that statement into 3 cause:
1. Because coin's dev abandon that coin (scam, no node, loss interest, etc)
2. Because so much FUD that will drive people trust gone
3. Because the price in it lowest form (~1 sat)

[ArdiPrabowo]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

coin is dead is all people not interest use and buy coins
developer always developing coins, if nothing interst people use buy and trading ,
the first coin dilisted from exchanger and the coin die

this simple coin not demand coin can die

[Updated]

Some of you mentioned that a coin is dead when the dev lefts the project. The truth is that in the last few months this isn't really an issue since the altcoins aren't used for their original purposes. I mean most of the people on exchanges doesn't even download the wallet or withdraw. Especially the coins which don't have a real purpose.Even "dead" coins are pumped on a daily basis on different exchanges. You can see a lot of 1 sat coins being pumped to 5-10 sat.

[thepo1m]

Some of you mentioned that a coin is dead when the dev lefts the project. The truth is that in the last few months this isn't really an issue since the altcoins aren't used for their original purposes. I mean most of the people on exchanges doesn't even download the wallet or withdraw. Especially the coins which don't have a real purpose.Even "dead" coins are pumped on a daily basis on different exchanges. You can see a lot of 1 sat coins being pumped to 5-10 sat.

when the dev left the project, the project is dead, but some people will still be playing with until the trade volume goes close to zero and got delisted on exchanges, with no price value attached to it.

[kiklo]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

Coin's price can be so low people consider it dead.

However,
Technically True coin Death occurs when the Chain Freezes and coin transfer is no longer possible.
99% of the users have given up on it way before that point is reached.


 

[J1mb0]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

A simple question that, given the range of answers, is not so simple to answer.

I think it is a good idea for us to converge on a definition that we can all use - there is enough confusion in this sphere! 

I would say that a coin that was launched as a publicly accessible distributed network is dead when there is not a single pair of nodes running with at least one active on the wider internet. Other attributes of a dead coin are no available binaries and sources, no blockchain with blocks showing recent timestamps etc.
I don't buy the lack of exchanges or websites as a sign of a dead coin - some coins in a similar predicament have been rescued or taken over before.   

In that sense, assets on a functioning blockchain can't die and private coins like Ripple can't be said to die. They can however be said to be 'withdrawn', 'depricated' or 'spam'. However this is my opinion - I am sure others will differ.

[Shiroslullaby]

Technically True coin Death occurs when the Chain Freezes and coin transfer is no longer possible.
99% of the users have given up on it way before that point is reached.

I would add that unless the coin is active on at least one exchange with some amount of volume, its clearly heading for demise.
You also need at least one developer doing work, pushing updates on Github etc. Even if updates only happen a couple times a year, you need some sign that someone is still looking at the code and trying to make improvement.

[jaberwock]

when they are delisted from all exchanges and there are no developers to keep developing coins

or when the power of the network is so small that anyone could do a 51% attack, but no one does because they either don't know the coin, don't care or would not gain anything doing so

[agustina2]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

One factor is when they removed from the exchanges.

Reasons for that is the low volume established in that particular altcoin. Also even there is an active development that is currently running on the coin, as long as no volume was present during a certain period of time then it's a reason why they are removed. No investors = Dead Coin. But it should be on all altcoin exchanges and not only one a single one.

[MicroGuy]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

An altcoin officially becomes dead when its blockchain stops advancing. That is the heartbeat.

[olubams]

I will say there are several reasons why a coin can be pronounced officially dead and the reason adjudged can make different appeals to different people. I have seen some coins even at Pre-ICO some people have judged it to be a shit coin and most times the coin does not fail to disappoint them for the position so to them as at the point of Pre-ICO, the coin is dead to them.

For me personally, a coin is dead the moment the developer of the founder is no where to be found to give the necessary support and also to provide answers to curiosity of users or potential users, then its finally dead...

[robelneo]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

An altcoin officially becomes dead when its blockchain stops advancing. That is the heartbeat.

I think this is the best and right descriptions,any coin can be adopted and relaunch,because majority of this coin are open source,I have seen some coin adopted,bitcoin developer is not around anymore but his works continue because people are adopting it.

[aarturka]

Actually all alts were born dead.

[Updated]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

An altcoin officially becomes dead when its blockchain stops advancing. That is the heartbeat.

Not at all. On yobit there are a lot of 1 sat coins, which wallets are "under maintenance" for months.
Anyway, you can look from different perspectives on this "dead" thing

[harizen]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

An altcoin officially becomes dead when its blockchain stops advancing. That is the heartbeat.

Not at all. On yobit there are a lot of 1 sat coins, which wallets are "under maintenance" for months.
Anyway, you can look from different perspectives on this "dead" thing

Yobit exchange is the grave for those dead coins. They are still listed but their volume is cold for a matter of long period of time. Healthy = Shit = Dead, what a cycle for other altcoins.

But yes Im agree on how people look over to the term "dead". For me, as long as it was never established a good trading volumes for a minimum of couple of months or less while at same time never heard any future plans from the dev then I called it dead already even they are still listed in some of the altcoin exchanges.

[Carmen_Sandiego]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

Not exactly, because even if there are no exchanges trading it, users can use escrow services to trade it, or some exchange could decide to add the currency later. I think the event that could cause the death of a cryptocurrency would be if users stopped mining it.

[alyssa85]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

It is when there isn't a single exchange that will trade the coin. It means you can't use it to do anything, not even convert it to bitcoin. At that point it is dead.

If no-one mines it, it is dead too - if you can't get transactions confirmed, then it's dead.

[coin-investor]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

Not exactly, because even if there are no exchanges trading it, users can use escrow services to trade it, or some exchange could decide to add the currency later. I think the event that could cause the death of a cryptocurrency would be if users stopped mining it.

It will work for coins that are proof of works but I doubt on coins that are pure or full pos,the dev just get an accoun ton poswallet to stake for his coin and his own machine to keep the blockchain alive,well this is my opinion only.

[basesaw]

you can say that a coin is officially dead when no ones uses it any more. the developers already abandoned it and no one bats an eye for it. alt coins or crypto coins has its developer who supports it by time to time so if they start to stop supporting them, maybe its the start of the down fall of one crypto coin.

[ReferralFoundation]

If there are no nodes then coins can't be transferred so the coin could be considered dead. But if nodes came back and coins could be transferred again (highly unlikely) then the coin could be raised from the dead.

Without liquidity a coin is dead. It doesn't need to be on exchanges, people can still trade OTC, etc. but if no one wants to trade anything for it, regardless of nodes, it's dead.

People have to take interest but those people create the above two things, so... No people = dead.

[Ayers]

there is nothing called officially in my opinion.
you can call a coin dead for many reasons for example:

• when the developer gives up on his own project and nobody else is interested in picking up where he left off.
• when the price goes to 1 satoshi and there is no buy orders and nobody is buying from the asks either.
• you can even go as far as calling a coin dead when it is getting dumped real hard down to 1 satoshi
• technically a coin is dead if there is no one mining it and there is no full node of it available any more.

You missed the one that really kill the coin , for me is when all the exchange delist it, that is when the coin die, without an exchange yu have nothing no trading, and trading here simply does not work well, another one is when the blockchain isn't working and it is not fixed, because of a bug or other things

[jeffthebaker]

A coin is dead when nobody memes about it. That's all altcoins are- memes. If a coin no longer inspires some banter from time to time somewhere in the world, it's donezo. The exception to this rule is if people are actually using the coin for stuff (basically only applies to Bitcoin for a lot of stuff and XMR for drugs).

[kidoseagle0312]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

I think you will only know if the coins is dead if there no more update in the coins, and the developer is no longer giving any report in the community or their price value also is zero value. That's the time you need to think about it.

[rafajunior99]

not as easy as you think about it, it seems you are wrong to create threads and posts, when the coin is officially dead. I think no coins will die in the near future, unless the developer is a crook and leave the coins that they made themselves. so I hope you understand everything that is written in all the posts in this thread has explained each of their own knowledge of it is true.

[crazydeadmoth]

If there is no dev team left or develop any more, it means the coin has no future, it will be bead. Or the people don't trade it, it is delisted from main exchanges, it means dead too.

[thepo1m]

I think a coin becomes officially dead when no one is mining the chain, that is what was suppose to happen to the ETC chain but someone continue to mining it, if not the chain would have died

[will_k]

even if the dev team is gone, if the coin is open sourced, development can still be taken over by interested member

[fortunecrypto]

even if the dev team is gone, if the coin is open sourced, development can still be taken over by interested member

Yes I have seen that happening,but the take over team that is going to do that must have majority of the coins or they can do a hard fork,some dev still maintain majority of the coins,if a new dev take over the coin,they will just help the old dev to make a profit from dumping coins he hoards.

[cdrking]

1. When there's no more update from the devs.
2. No more investors interested for the coin.
3. When no one talks about it.

[daddybios]

Price per 1 satoshi is not as scary as it seems. Also bitcoin market there is still a litecoin market, dogecoin and cheaper. The end comes when the coin stop buying altogether + a broken wallet in the bargain.
Another option when the developer sells the premayn. The dev made a profit and went to do another coin.
All this happens with cheap coins, which are now very much. But they can be seen from the very beginning that this coin for one day.

[Barbut]

there is nothing called officially in my opinion.
you can call a coin dead for many reasons for example:

• when the developer gives up on his own project and nobody else is interested in picking up where he left off.
• when the price goes to 1 satoshi and there is no buy orders and nobody is buying from the asks either.
• you can even go as far as calling a coin dead when it is getting dumped real hard down to 1 satoshi
• technically a coin is dead if there is no one mining it and there is no full node of it available any more.

Nice explained, in this case I have many dead coins on my yobit wallet. Before I collected them just for fun and I thought that one day maybe they worth a bit more. Now I have a lot of coins that worth 1 satoshi.
Thanks for nice explanation once again.

[audaciousbeing]

Several reasons why a coin can be officially dead for me, the moment a coin has gone down to a percentage and the margin between where it was and where it is now is so large, the volume of trading has decreased, developers are no where to be found to give the necessary boost in due time before the coin attains maturity, then the coin is officially dead, it might not worth 40000 satoshis but sooner or later, its going down.

[Febo]

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

Well at least on this forum for quite some number of people a coin is dead when is slightly worse then their favourite coin. So fro them 99% of coins are dead.

Coin dies when:

technically a coin is dead if there is no one mining it and there is no full node of it available any more.

[agustina2]

After some replies here (including mine on the first page), what you guys think of a coin that isn't available at all exchange with low trading volume but active in peer to peer transaction? I talking about TBC. Still it was sold and bought via p2p transactions. Do you think it was considered dead since it was not recognized by all exchanges?

I already considered that coins as a scam coin and eventually will become a dead one (hopefully) since many people are being dragged to this coin.

*Want to create about this but decided to post it here since it's related and to avoid unnecessary replies.

[maydna]

if the dev is not take care the coins and not make any update with their coins, then i think that is the time for the coins to be disappear forever. we can see that there is many coins that is ended because for this.

the other sign is when the coins have to be deleted in many exchange and the dev is not taking action about this, then we should have a warning for careful with this coins so we can make other ways to avoid this.

[J1mb0]

I will say there are several reasons why a coin can be pronounced officially dead and the reason adjudged can make different appeals to different people. I have seen some coins even at Pre-ICO some people have judged it to be a shit coin and most times the coin does not fail to disappoint them for the position so to them as at the point of Pre-ICO, the coin is dead to them.

For me personally, a coin is dead the moment the developer of the founder is no where to be found to give the necessary support and also to provide answers to curiosity of users or potential users, then its finally dead...

Well, it's not so simple. Hobonickels would have been dead by your definition but it is very much alive and kicking at present.

I guess if there are no active developers then the coin could be said to be 'in limbo'. Lots of coins that are traded today were in this boat at one time or another.

A similar scenario is when there are still developers but they are saying that the coin code needs a total rewrite from scratch or a substantial hard fork that involves a swap at some stage. Like Rise, COVAL and a quite a few others - PIGGY, (Wasn't Gulden one of these as well - and now look at it!).

For what it's worth I don't think that a lack of exchange means a coin is dead. Especially moving forward as chain based exchanges become more usable and ubiquitous. Hopefully this should level out the playing field by avoiding shady tricks played by major exchanges.

[darkota]

Litecoin is an example of a crypto that's officially dead.

[basesaw]

the day it launches, unless it actually brings something new to the table

ofcourse when the coin was launches this day, it would have a value. you cannot launch a coin if it has no value at all. maybe when the coin is not bringing something new to the table. maybe it is no its lilo. just like bitcoin, bitcoin always brings something new or almost everyday there is a new alt coin that is good for bitcoin.

[MarMoCoin]

Bitcoin is dead because the original dev abandoned it.

[Reid]

Dumping very hard. Its all effed up. When no one cares anymore. With that I think you should sell really fast or you will be left with 1 satoshi to sell it. Dont get your hopes up by waiting if someone will pump it. I have experience this. Bought 50k of that alt and left me with nothing. Still my sell is in idle, but I am not hoping anymore. Should just forget about it.

[darkota]

A coin is officially dead when it's

1) A almost copy or clone or another coin, with just a different name(Like Litecoin is a failed, dead copy/clone of Bitcoin with only a few parameters changed)
2) It had a very disloyal, scam launch, such as Dash did with it's 2million scam instamine
3) It's based off a person who isn't even famous, such as Maxcoin is based off of that nobody Max Keiser