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Question: Where do these coins end up?
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Author Topic: What do you do with your "failed" coins?  (Read 99 times)
EthanB (OP)
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May 08, 2018, 05:44:07 PM
 #1

I'll keep it short and sweet. I have a few thousand coins, of various different project that I thought were going to catch fire and never did. They are only worth pennies, or less than that per coin, so at this point the projects look almost completely dead. There is no trade volume, barely listed on any exchanges and the ICOs were mostly a flop.

So I'm wondering what do you guys do in these situations? I've just been holding onto the coins hoping for a skyrocket pump, or a change in development that will cause adoption to a significant degree. Do I continue to hold the coin or do I throw it down a well? I know it seems like I probably should just hold onto it, but is it even worth the hard drive space to save the keys and information to maintain these coins?
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May 08, 2018, 06:16:58 PM
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I'll keep it short and sweet. I have a few thousand coins, of various different project that I thought were going to catch fire and never did. They are only worth pennies, or less than that per coin, so at this point the projects look almost completely dead. There is no trade volume, barely listed on any exchanges and the ICOs were mostly a flop.

So I'm wondering what do you guys do in these situations? I've just been holding onto the coins hoping for a skyrocket pump, or a change in development that will cause adoption to a significant degree. Do I continue to hold the coin or do I throw it down a well? I know it seems like I probably should just hold onto it, but is it even worth the hard drive space to save the keys and information to maintain these coins?
If you do plan to throw it then you should throw it directly into my wallet. (Joke only Cheesy) It isnt really a big issue for you to keep those failed or dead/shit coins into your wallet.I do have lots of them but i dont really mind or expect too much for it to pump on near future. No one really knows if they do still have the chance or not.Inspite on being dead im still checking out some updates and they might able to pump up and can make profits out of those shitcoins.
EthanB (OP)
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May 08, 2018, 06:20:47 PM
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Inspite on being dead im still checking out some updates and they might able to pump up and can make profits out of those shitcoins.

This is my worry. Spending any amount of time, checking, maintaining, recovering, backing up or interacting in any ways with these coins seems to be a waste of time. I don't want to be caught up researching how my failed project investments have done and continually looking back at them thinking "maybe today." Plus, if I'm constantly checking then the second it pumps up it is going to feel like I've been waiting an eternity and sell them at the first sign of a value increase. This would lead me to miss out on even larger, long-term gains.

I'm mostly just looking for input on what everyone else is doing in these scenarios, because as of right now I am just holding onto the coins and checking their prices every couple days. Wasting a few minutes here and there, that adds up to hours.

It doesn't necessarily take much to hang onto these coins, but I'm wondering how I can avoid doing exactly this and hold onto them just in case in the future. It is quite the balancing act, that I have yet to perfect.
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May 08, 2018, 06:25:04 PM
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Inspite on being dead im still checking out some updates and they might able to pump up and can make profits out of those shitcoins.

This is my worry. Spending any amount of time, checking, maintaining, recovering, backing up or interacting in any ways with these coins seems to be a waste of time. I don't want to be caught up researching how my failed project investments have done and continually looking back at them thinking "maybe today." Plus, if I'm constantly checking then the second it pumps up it is going to feel like I've been waiting an eternity and sell them at the first sign of a value increase. This would lead me to miss out on even larger, long-term gains.

I'm mostly just looking for input on what everyone else is doing in these scenarios, because as of right now I am just holding onto the coins and checking their prices every couple days. Wasting a few minutes here and there, that adds up to hours.

It doesn't necessarily take much to hang onto these coins, but I'm wondering how I can avoid doing exactly this and hold onto them just in case in the future. It is quite the balancing act, that I have yet to perfect.
We can monitor it by using portfolio similar apps but though it do have some limitations since not all coins are listed and only the famous or high volume ones are commonly listed.This would really spend some time because simply checking out prices will waste up instead on engaging yourself into other important things you will be just spending your precious time on checking everyday.

Just neglect it if it isnt really important and only chose up those coins which are worth to be checked.

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