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Author Topic: Never buy too much coins because you would eventually forgot gosh  (Read 23246 times)
steveabrahams
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May 02, 2019, 06:31:14 AM
 #161

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember
Damn that sucks mate, i usually have a notepad in my laptop about which tokens that i hold and always check it time by time. That's why i always remember which coins i hold. Well too much coins is also not good like what you said, because sometimes you can't forgot about the coins that you hold.
Teawhalee
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May 02, 2019, 06:47:22 AM
 #162

this is one of the problems of holding too many coins, you lose track on them and then you lose money. what i suggest is to make a reminder for a weekly/2 weeks checkup on the activities and updates of the coin you are holding.

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veraro
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May 02, 2019, 07:47:12 AM
 #163

That situation with "miss  swap and lose your coins" is very painful. Of course investors should keep eye for their coins, but i still think it is unfair. If you spend money to buy this coin you must have opportunity to swap  tokens whenever you want without any time limits. That will be fair.

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May 02, 2019, 08:21:55 AM
 #164

If a lot of coins you have to follow the social networks of all projects not to miss anything important. And if at the same time you have also the main work that time catastrophically isn't enough.  It would be much easier to have 3-5 coins in the crypto portfolio. But this is not our method  Grin
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May 02, 2019, 05:20:58 PM
 #165

It is very important to invest only in few in projects in order to be able to monitor the activities and growth of them in order not to lose site of them which may be disastrous because things can change in a twinkle of an eyes in this space.

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May 02, 2019, 08:23:48 PM
 #166

It seems to me that you need to invest only in those coins that in the near future will have a very big success.
Many coins can be lost in your wallets due to forgetfulness and you can lose them forever.
Sell shitty coins and invest in the future.

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Anc92
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May 20, 2019, 11:02:09 AM
 #167

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember

Tell me about it. Learnt this the hard way and since then, I've most kept only a few that can be easily tracked. From the one that tops my list due to it's prospects to the the ones I hold on to for the profit only, I can count with the fingers on one hand  Grin Grin Grin
mrdeposit
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May 20, 2019, 11:27:06 PM
 #168

Personally, I keep a close eye on the money I invested a lot of money with. In fact, I always try to follow all of my assets. I guess you are not closely related to the market.
Akpuv
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May 20, 2019, 11:38:41 PM
 #169

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember
This is a very bad experience you just got. This goes to further buttress the point that the swap of a thing should be done at the holders convenience. The token project team shouldn't expect every investor to follow their social media all the time.

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blockman
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May 20, 2019, 11:51:30 PM
 #170

Although this thread was months ago, I can still feel the pain of OP by losing 0.3 BTC because of the chain swap.

Price of bitcoin when he posted this was $4k x 0.3 = $1,200.

How about computing the value of it now? $8k x 0.3 = $2,400.

Just got doubled, ouch!

When you hold altcoins, always be updated and check the updates and news about it to avoid this incident.

tippytoes
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May 20, 2019, 11:57:54 PM
 #171

Although this thread was months ago, I can still feel the pain of OP by losing 0.3 BTC because of the chain swap.

Price of bitcoin when he posted this was $4k x 0.3 = $1,200.

How about computing the value of it now? $8k x 0.3 = $2,400.

Just got doubled, ouch!

When you hold altcoins, always be updated and check the updates and news about it to avoid this incident.

I know the feeling as I have few coins that went in that route and forgot what's going on with them. I have a lot of altcoins and tokens that I need to revisit their thread as well. There are coins that have been swapped but following those altcoins is really pain in the butt. You really need to create a file and list all your possessions and update it once in a while. Otherwise, you will lose those coins and will be left bag holder with crap.
smyslov
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May 21, 2019, 12:57:27 AM
 #172

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember
It's a costly error, but you can still ask the dev to ask for coin swap even if it is late, but if they ignore you cannot do anything it's a lesson learned that you must track all your portfolios, this is only for all investors that you keep track all your portfolios even, once a week to keep you updated.
Astvile
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May 21, 2019, 01:51:15 AM
 #173

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember
Teams of token thats gonna be swapped always makes an announcement on when and how is the process of token swap will happen,it is your fault for not checking it.Holding coin doesntmean buy it store and forget it,you need to still check news from time to time to avoid this

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BennyK
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May 21, 2019, 04:08:29 AM
 #174

This is one of the reasons why an investor must always follow the news and new developments hitting the ecosystem of the coins in their possession. Some coins do the swap automatically without holders having to perform any task whereas others to the opposite. Always make sure to check on the new developments on your coins at least every month.

micalith
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May 21, 2019, 05:13:41 AM
 #175

I subscribe to the web site of the projects by mail, follow the telegram, follow the social media accounts and also i made an excell table. Especially, I don't want to miss swap, I'm putting a lot of effort on time to get new information, i hope it's worth it.
Al-e_x
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May 21, 2019, 05:37:10 AM
 #176

It must be very painful to lose 0.3 BTC, but don't worry, take a lesson from your loss so that your sacrifice is not in vain
Pffrt
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May 21, 2019, 05:39:27 AM
 #177

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember
That's ridiculous, man. Sorry for your loss.
I also had faced the same issue back in 2018 but I was lucky that ny investment was approx 0.05 BTC there, I was not aware about the swap.
steveabrahams
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May 21, 2019, 05:46:39 AM
 #178

I subscribe to the web site of the projects by mail, follow the telegram, follow the social media accounts and also i made an excell table. Especially, I don't want to miss swap, I'm putting a lot of effort on time to get new information, i hope it's worth it.

True, this is what you must do. So if something important happen, you will get notification about that on your telegram group or even your mail. When i stored a coin for a long time, i will always follow the telegram group about the coin and also always update the news so this incident will not happen to me.
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May 21, 2019, 05:49:25 AM
 #179

Good advice, thank you. This is so true, we can’t monitor all the coins we have and keep up with the swaps. Can’t the developer team do something for you? Try contacting them and see whether they can do anything or not.

I agree, 0.3 btc is a lot already maybe someone from their team can actually help you recover it. Anyways, thanks for the advise though I was planning to buy other coins but good thing I didn’t buy them yet. I thought it would be easy to own a lot of coins, thank God a got to read this now I have to weigh things first and decide for the better.

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May 21, 2019, 05:52:27 AM
 #180

For some people they will eventually forgot the coins they own if they have too many but for me it will never happen because I always keep track of all coins and tokens I own in my wallets using blockfolio
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