Cryptopotato021 (OP)
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October 22, 2018, 12:03:32 PM |
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What is the price at which a coin is considered dead or when an exchange decides to delist the coin? Like bitcoin was 20k in jan so if it reaches less than 1k we can consider it dead?
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MadGamer
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October 22, 2018, 12:28:00 PM |
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There is no standard for that. The exchange will keep profiting regardless of the price because there will always be people trading that coin, so It's probably the userbase and trading volume more than the price itself.
And If we're speaking about bitcoin, that's never going to happen as bitcoin is what's holding the crypto market.
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mk4
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October 22, 2018, 12:30:04 PM |
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It's mostly because of the price. It's more on the reason on why the specific coin/token dropped in price. Developers abandoned it? Then chances are it might indeed die of no other developers take over and if there are no running nodes left.
Also, with bitcoin? It won't be dead even at $1. It was made to work and to be up running regardless of price. When bitcoin was new, it was almost worth nothing. But yet, it was "alive" and working.
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Nnuego
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October 22, 2018, 12:47:12 PM |
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It's mostly tied to the trading volume. As far as there are active orders with people buying and selling, the coin can't be termed dead, but without trades and no coins in circulation. It can be said that holders have abandoned the coin/token and investors are not interested.
At this point, top exchanges (if it has gotten to any) would likely delist it. And maybe CMC as well. It can now be termed dead.
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1Referee
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October 22, 2018, 12:48:53 PM |
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Also, with bitcoin? It won't be dead even at $1. It was made to work and to be up running regardless of price. When bitcoin was new, it was almost worth nothing. But yet, it was "alive" and working.
If Bitcoin ever loses a large chunk of its value, it will become that what it was back in 2011/2012, a popular currency rather than a tool for speculation purposes. I'm pretty certain that at current adoption rate, the price will still hover well over the $100 level during a by noobs considered end-of-Bitcoin scenario. In the end, even a large number of the worst shitcoins will always have some sort of a value attached to them. It's fairly uncommon for a coin to have no open buy orders on exchanges. I think I have only seen it twice thus far.
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livingfree
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October 22, 2018, 12:58:54 PM |
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What is the price at which a coin is considered dead or when an exchange decides to delist the coin?
No price indication, when most of the exchanges where it is listed delists it. Like bitcoin was 20k in jan so if it reaches less than 1k we can consider it dead?
No. It's not like that. What do you think when bitcoin hit $1,000 last January 2017? Don't consider that when a coin drops in price that means that it is going to be dead. Though volume goes on low it doesn't mean that coin will be dead soon. And this isn't going to happen to bitcoin but for altcoins, this is possible.
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YuginKadoya
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October 22, 2018, 01:02:23 PM |
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I really think when that particular coin become very stable that the price is not really moving for about a couple of years even if we are in a bullish market I guess that is the time we can say that this particular coin is really dead, Or if the developer and certain people have vanished with the amount value of that coin just like what happens with Bitconnect I really think this is considered a dead coin right now.
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pakhitheboss
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October 22, 2018, 01:11:52 PM |
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What is the price at which a coin is considered dead or when an exchange decides to delist the coin? Like bitcoin was 20k in jan so if it reaches less than 1k we can consider it dead?
I do not think that price of a coin decides whether it is dead or active. It depends on the volume and the project to consider a coin to be dead. There are different factors/rules involved when delisting a token/coin from an exchange. You need to contact the exchange to find out the reason. Bitcoin has just started and has a long way to go. It will never fall to 1k level.
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stiletos
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October 22, 2018, 01:20:50 PM |
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Unless its a shitcoin, in crypto never say die. A coin that sells at one gwei this second could be 5000 gwei next second. Just keep an open mind so long as it isn't a shitcoin.
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Herbys
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October 22, 2018, 01:21:31 PM |
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What is the price at which a coin is considered dead or when an exchange decides to delist the coin? Like bitcoin was 20k in jan so if it reaches less than 1k we can consider it dead?
I think, at the moment, the minimum cost of Bitcoin is about 5K, because the profitability of the maining becomes equal to "0". Perhaps in the future, equipment will be invented that will provide lower cost of Bitcoin. It should also be borne in mind that the number of Bitcoin in circulation decreases as they are lost in wallets, with lost passwords.
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MAJICOIN
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October 22, 2018, 01:26:12 PM |
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The coins will not die with price if we compare coins with one another, Important thing is the demand and use of that coin like now very good projects will started and they have a good investment they have worked for online robots they have worked for online exchanges and they have worked for the new crypto world they have made things very easy and smooth for the future so i think that we will be happy in the crypto world but if the price of one coin fall it is not surety that it will end every thing but it will be used in the future.
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tegarp90
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October 22, 2018, 01:34:08 PM |
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What is the price at which a coin is considered dead or when an exchange decides to delist the coin? Like bitcoin was 20k in jan so if it reaches less than 1k we can consider it dead?
Not about the price but the volume. If a coin has no volume in more than a week i think that coin is dead and no investors wants to buy it.
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pat4cryptoreal
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October 22, 2018, 01:34:44 PM |
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A coin cannot be consider death until all the exchangers have delisted it. Bitcoin that you are using as an example is not a coin for you to use for such illustration. Before anyone invest in bitcoin just know that the price will fluctuate. Even though the price of bitcoin gets to $100 it can never be considered death.
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richan
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October 22, 2018, 01:54:37 PM |
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There is not a particular price a coin need to be before it can be delisted from an exchange or coinmarketcap but what I know is if the trading falls below a minimum volume the exchange set then a coin be delisted but it don't mean is dead.
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Lazada
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October 22, 2018, 02:09:00 PM |
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What is the price at which a coin is considered dead or when an exchange decides to delist the coin? Like bitcoin was 20k in jan so if it reaches less than 1k we can consider it dead?
Coin will die when the coin is not needed. When coins are still needed and there are still people who use them, the coin will exist. This is what is called the demand factor, when there is still demand, the coin will never die. For me every coin that has a good chance, what will differentiate is how the developer develops the coin or not.
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ACarr
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October 22, 2018, 02:13:14 PM |
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I think to say it will die is not true. It's tricky, but we're looking at a totally new form of currency. There are going to be ups and downs, and I think people who see it as a get rich quick scheme will be disappointed, but I mean, look at this: https://bullionexchanges.com/learn/buy-gold-with-bitcoin You can buy real, physical gold with bitcoin. It's the leading form of cryptocurrency. It isn't going to just die.
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virtfund
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October 22, 2018, 02:37:22 PM |
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Price is not just an indicator we can use. There are more. For example, trading volume could also be used. Because we can not use an exact price to determine. Even if a coin is delisted, it doesn't mean that is dead.
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zolfa
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October 22, 2018, 02:50:22 PM |
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coins are considered dead when not many people are interested to become a place for investment, trading, and transaction, such as uahpay.
there is no special nominal value to consider it dead, even if bitcoin falls below 1k, but when bitcoin is still traded at a very low value, bitcoin is still alive.
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Mhd-Bobbi
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October 22, 2018, 03:30:18 PM |
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It's mostly tied to the trading volume. As far as there are active orders with people buying and selling, the coin can't be termed dead, but without trades and no coins in circulation. It can be said that holders have abandoned the coin/token and investors are not interested.
At this point, top exchanges (if it has gotten to any) would likely delist it. And maybe CMC as well. It can now be termed dead.
Maybe they need to relearn the trade, it doesn't make sense if they say that the coin will die, how is that possible? while many coin users make transactions such as buying or selling. Coins will continue to live because there are still people who buy or sell them.
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Michael_Cox
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October 22, 2018, 03:43:22 PM |
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Isn't this obvious? A coin will be considered dead and (should be) delisted when no one is trading that coin anymore? Because no matter the price, if people are still trading a particular cryptocurrency, it will still have value.
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