Have you invested to certain altcoins and lost all your money? Read everything!

[8Habits]

I just wonder how many members here who have invested to any altcoins and ended losing all of their money because the coin has no longer value or not operating anymore.

This is different from trading and losing the trade but the coin is still in the market - this is something more devastating because the coin you are investing died on its natural death (or should I say, some of the coin developers run away with your money)

Note: The reason I ask this because I hope it would serve as a WARNING. I don't want to see any members investing to ICO's and some existing coins and ended up losing their money. Of course, there are ICO's that are good and have potential and existing small coins that also have potential of growing but we cannot deny the fact that there are a number of coins that are found dead: http://deadcoins.com

Do lots of deep research before making your next investment.

[slaman29]

I'm not sure a lot of people have experienced this, to be honest. I don't invest in many alts at all. A handful of ICOs last year, and a a string of alts I bought. In general, even for the few that I've lost a lot of value in, they haven't dropped to zero (Elastic is my brilliant example, I bought in at 20+k satoshi!) and I still have very strong hopes for them.

Come back in a couple of years though and you might see a few that have died. Not necessarily zero, but super thin volumes that nobody ever buys anymore.

[8Habits]

I'm not sure a lot of people have experienced this, to be honest. I don't invest in many alts at all. A handful of ICOs last year, and a a string of alts I bought. In general, even for the few that I've lost a lot of value in, they haven't dropped to zero (Elastic is my brilliant example, I bought in at 20+k satoshi!) and I still have very strong hopes for them.

Come back in a couple of years though and you might see a few that have died. Not necessarily zero, but super thin volumes that nobody ever buys anymore.

I know someone but yes I agree that not many. Everytime we invest to any altcoins, we take a risk but it should be a calculated risk that when something bad happened, we have something a fall back plan.

[alkhie01]

I think nobody experienced this kind of loosing all the money in crypto because the price will get low but it still have a value.At the same time holding your alts and hoping that the price will rise again is another way of not losing your money.Keep holding and have faith on your assets.

[Paecga129]

You are right investing in new altcoins is very dangerous.

[DesmondHayes]

I'm not sure a lot of people have experienced this, to be honest. I don't invest in many alts at all. A handful of ICOs last year, and a a string of alts I bought. In general, even for the few that I've lost a lot of value in, they haven't dropped to zero (Elastic is my brilliant example, I bought in at 20+k satoshi!) and I still have very strong hopes for them.

Come back in a couple of years though and you might see a few that have died. Not necessarily zero, but super thin volumes that nobody ever buys anymore.

Zero is a relative value. I personally don't know anyone who has lost absolutely everything because all of the investors ain't completely stupid. When the trader makes an investment he is usually tracking the progress. When the fall of the certain crypto is starting panic is the reason why the trader doesn't fall to zero. I can presume that only a forgotten private key or a death of the holder can lead to inevitable fall to the zero value ( if the coin is destined to vanish).

[Carmen01]

Investing here is so risky but i think you need to earn here first like join in some campaign then try to join or to risk in trading because you already earn and even you risk still that is from your earnings here,i think trading here is recommended because i already earn in that like 0.01 btc but still i lose some also like 0.0095 btc so it's so risky and you need to study it.

[8Habits]

I think nobody experienced this kind of loosing all the money in crypto because the price will get low but it still have a value.At the same time holding your alts and hoping that the price will rise again is another way of not losing your money.Keep holding and have faith on your assets.

I know one friend that lost all of his investment to a certain coin that is already dead now. You can see the list of dead coins here: http://deadcoins.com

[8Habits]

I'm not sure a lot of people have experienced this, to be honest. I don't invest in many alts at all. A handful of ICOs last year, and a a string of alts I bought. In general, even for the few that I've lost a lot of value in, they haven't dropped to zero (Elastic is my brilliant example, I bought in at 20+k satoshi!) and I still have very strong hopes for them.

Come back in a couple of years though and you might see a few that have died. Not necessarily zero, but super thin volumes that nobody ever buys anymore.

Zero is a relative value. I personally don't know anyone who has lost absolutely everything because all of the investors ain't completely stupid. When the trader makes an investment he is usually tracking the progress. When the fall of the certain crypto is starting panic is the reason why the trader doesn't fall to zero. I can presume that only a forgotten private key or a death of the holder can lead to inevitable fall to the zero value ( if the coin is destined to vanish).

Well, when the bad coin is not yet traded on any exchanges and still on ICO, investors have less control over it because he/she could not sell it yet even at a losing price.

[kahc]

That is why diversification is important in all kinds of investment.

RIP those who invested in Bitconnect and didn't sold in time.

[alyssa85]

The only money I've lost is due to exchanges like Cryptsy and Mintpal running away with our money - in other word exchange fraud was the problem.

With alts, as long as they are listed on an exchange somewhere, they will eventually get pumped - so you just wait for that to happen in order to cash out. The biggest risk for alts is being delisted - as long as they can stay listed, you have a chance of getting your money back.

[redblock]

Made the mistake and bought almost at ath of a coin. Soon after it dropped by 80%, and I decided to hold. After 6 months it was going nowhere so I took the loss and sold. One more month later, it went 3x the price I originally bought at. So just hold and you will make a profit.

[X-ray]

I'm not sure a lot of people have experienced this, to be honest. I don't invest in many alts at all. A handful of ICOs last year, and a a string of alts I bought. In general, even for the few that I've lost a lot of value in, they haven't dropped to zero (Elastic is my brilliant example, I bought in at 20+k satoshi!) and I still have very strong hopes for them.

Come back in a couple of years though and you might see a few that have died. Not necessarily zero, but super thin volumes that nobody ever buys anymore.

Zero is a relative value. I personally don't know anyone who has lost absolutely everything because all of the investors ain't completely stupid. When the trader makes an investment he is usually tracking the progress. When the fall of the certain crypto is starting panic is the reason why the trader doesn't fall to zero. I can presume that only a forgotten private key or a death of the holder can lead to inevitable fall to the zero value ( if the coin is destined to vanish).

Well, when the bad coin is not yet traded on any exchanges and still on ICO, investors have less control over it because he/she could not sell it yet even at a losing price.

This already happened with some ico, they already traded below the ico price. But genuinely research is a must to define a good ico. But it looks challenging.

But the developer has a responsibility to make good development progress to get hype from the traders.

[cryptocue]

I just wonder how many members here who have invested to any altcoins and ended losing all of their money because the coin has no longer value or not operating anymore.

This is different from trading and losing the trade but the coin is still in the market - this is something more devastating because the coin you are investing died on its natural death (or should I say, some of the coin developers run away with your money)

Note: The reason I ask this because I hope it would serve as a WARNING. I don't want to see any members investing to ICO's and some existing coins and ended up losing their money. Of course, there are ICO's that are good and have potential and existing small coins that also have potential of growing but we cannot deny the fact that there are a number of coins that are found dead: http://deadcoins.com

Do lots of deep research before making your next investment.

Investments will always have risks,you just need to do your part which is doing a lot of research before getting involve with these investment whether it is in trading,or mining,or ICO investments there will always be the risk taking moment.If you dont have the balls to lose your investment do not try to invest,and as what like others said only invest which you can afford to lose.

[Zocadas]

The warning is important to those, who risk all their money into ICO. Especially newcomers, who enter the world of cryptocurrencies, for example via emails or hearing, tend to invest their money only in a certain coin, because they do not know any better. Also, although I was already experienced, I have invested in scamcoins, luckily only small amounts.
Take care, when you visit the investbox of Yobit. When you see rediculous high interest rates of some coins, then you can assume that these are "dead" coins. Due to the high interest rates, purchases are provoked for coins that you can not get rid of.

[mrsamuelmills83]

I just wonder how many members here who have invested to any altcoins and ended losing all of their money because the coin has no longer value or not operating anymore.

This is different from trading and losing the trade but the coin is still in the market - this is something more devastating because the coin you are investing died on its natural death (or should I say, some of the coin developers run away with your money)

Note: The reason I ask this because I hope it would serve as a WARNING. I don't want to see any members investing to ICO's and some existing coins and ended up losing their money. Of course, there are ICO's that are good and have potential and existing small coins that also have potential of growing but we cannot deny the fact that there are a number of coins that are found dead: http://deadcoins.com

Do lots of deep research before making your next investment.

i have sold some investments with loss but it is not very often. i have never had any coin that actually went to zero and i dont think it will happen very often.

[tdeannova]

wow.. there are so many coins are dead, on your site counted already reached 720 coins. i can not imagine how much money his developers have earned.

thank you for the information.

[Wibizza]

Because there are no major regulatory agencies assure that you suffer bitcoin, if you lose it, it's hard to go back. Rukan expert volume also caused significant delays, with some exchanges reported for up to 10 days to get your money ...

[8Habits]

wow.. there are so many coins are dead, on your site counted already reached 720 coins. i can not imagine how much money his developers have earned.

thank you for the information.

You are welcome. That is really my end goal, to warn newcomers and anyone about the risk of investing to ICO's and some altcoins without proper research and understanding how those certain coins work and whether or not there is a potential to get ROI in short period of time and profit for a long term investment.

[Chifako]

I belive this could happen in future. I want to stay in crypto for year or two, because I think after all the market will drop down and a lot of altcoins will disappear. Same time I believe that Blockchain as a technology will remain.