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Author Topic: I hope others will learn from this  (Read 1866 times)
sapnu
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April 28, 2021, 06:04:59 PM
 #41

It wasn't all your fault actually but you are somehow responsible with all the token you just lost. Whenever a certain coin will make progress or change, they will surely announce it to those who are currently on hold, if you missed it then unfortunately you cannot do anything about it anymore. You can still try actually to contact them and ask if they have a solution like letting you swap the tokens you have to their newly updated one but if they wouldn't allow it, sad to say but all your tokens are really worthless. Atleast you learned from your mistake, let this be a guide in order for you to avoid experiencing the same thing once again.
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April 28, 2021, 06:13:39 PM
 #42

Some of them have a longer period for swapping old tokens.
It happened to me with CRPT but I managed to swap them even though the swapping period was over.
If you have a large amount of those coins you might want to contact the team.
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April 28, 2021, 06:14:32 PM
 #43

I always try to hold my money in decentralized coins. Sometimes i need to hold centralized coin but i always try to hold in popular coins.
I guess all the coins that we are having right now is both centralized and decentralized with respect to what OP is mentioning.

All coins are centralized because one or many devs control it and they may decide at any time for any kind of swap which is the major problem right now OP is facing.

Most of the coins are decentralized because they allow mining.

So, you may not prevent the problem what OP is facing just by choosing decentralized coins.

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April 28, 2021, 06:17:35 PM
 #44

Kudos to the OP for letting us know more about token swapping, I expected the developers  of those swapped tokens to allow hodlers to swap them at their convenience without a time limit, because a lot of hodlers might not  be aware of such a swap, losing a hard tokens due to swapping amount to dishonesty and untrustworthy on the part  of the developers, this is a wake up call to all unpopular tokens hodlers to always catch up with the latest news about their respective tokens to avoid this kind of touching stories.

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April 28, 2021, 07:13:38 PM
 #45

Holding coins and tokens and not looking back until you start hearing how big crypto market is will leave you in a very bad mood, I'm sure this must have happened to some people here as well, this is my new sad story, I have some moozicore and nxps in holding and I just heard that they swapped to new coins leaving my tokens useless

MZI swapped to MZG
NXPS swapped to PUNdiX

I hope others will learn from this
Yes, it's a hands-on experience, sometimes it's not your fault, but you're affected.It's unfortunate, very often happens to people
It is better before participating to learn about them, to capture information, find a way to contact them, so that they can come up with a solution for you.
We invest and we have to keep an eye on them. Hope your sharing will draw on others.





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April 28, 2021, 09:59:13 PM
 #46

Holding coins and tokens and not looking back until you start hearing how big crypto market is will leave you in a very bad mood, I'm sure this must have happened to some people here as well, this is my new sad story, I have some moozicore and nxps in holding and I just heard that they swapped to new coins leaving my tokens useless

MZI swapped to MZG
NXPS swapped to PUNdiX

I hope others will learn from this
Isn't that how you should be holding your coins? Invest in bitcoin, ETH and other well known coins. Keep holding. Don't think about it. Don't obsessively look at your portfolio. Don't look at the value of your portfolio. And when time comes, and the media goes crazy about the bull run, have a look at it and decide if you want to sell or not.
But this is the first time I am hearing that coin/tokens can swap to some other tokens/coins. I mean, why and how? Aren't you able to claim the new tokens as long as you hold the old one? That would be so stupid if you can't.

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April 28, 2021, 10:30:56 PM
 #47

There is one thing that really deserves to be taken into account when wanting to HOLD cryptocurrency. namely ensuring that the coins can last during the investment period or HOLD that we are planning. If it does, then we don't know what the future of the coin will be. hence, I personally only use top altcoins for long-term investments. Meanwhile, some altcoins, especially the newest ones, are only used when trading or short investments.

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April 28, 2021, 10:39:52 PM
 #48

well the unexpected occurrence as a result of improper orientation when entering the crypto world is part of what cause things like this as well as the get rich quick mindset. thats why people just leave their asset with annoyance and when things later come up positive, it turns out to be missing out like this. i hope investors will be properly oriented.
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April 28, 2021, 10:49:46 PM
 #49

that's the risk of holding a shit coin, try contacting the developer to discuss serious matters that have happened to you, and usually before changing their coin they first give a grace period to sell or exchange the coin, but if you don't monitor the progress of the coin it means it's purely your fault yourself

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April 28, 2021, 10:54:44 PM
 #50

So many people are always loosing caused by this policy. Could not the team create a swap service that will exist until all of people will have swapped their coins? The team can at least try to do swap to the all of coins.
I would like to call the developers that were using this policy as scammers. The investors who have invested their money deserve more than being scammed with this policy.
There should not be more developers use this policy. This is a scam.



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April 28, 2021, 10:59:55 PM
 #51

Holding coins and tokens and not looking back until you start hearing how big crypto market is will leave you in a very bad mood, I'm sure this must have happened to some people here as well, this is my new sad story, I have some moozicore and nxps in holding and I just heard that they swapped to new coins leaving my tokens useless

MZI swapped to MZG
NXPS swapped to PUNdiX

I hope others will learn from this
So the saying that says 'buy and forget' is really not that good in any case. Once you invested on a project or a certain coin, you should always be active on their social media accounts so you'll be well-informed on what's happening. That's really a disappointing experience since whenever you invest into something, you have good hopes about it and some good expectations but those hopes turned to hopelessness.
You're thread is a good reminder to all of us to remain active and well-informed even if you're planning a long term deal.

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April 28, 2021, 11:23:41 PM
 #52

---

MZI swapped to MZG
NXPS swapped to PUNdiX

I hope others will learn from this
you are not alone, so don't be too sad. sometimes we have to pay dearly for a lesson, right? I am sure that after this you will become a new person, be more concerned with what you hold, and be more active in checking project progress.
make these mistakes a lesson, then evaluate what you have to fix.
a little advice from me so as not to repeat the same mistakes:
- turn on the telegram channel notification of the coins or tokens you hold
- join all the social media projects you hold

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April 28, 2021, 11:25:52 PM
 #53

Holding coins and tokens and not looking back until you start hearing how big crypto market is will leave you in a very bad mood, I'm sure this must have happened to some people here as well, this is my new sad story, I have some moozicore and nxps in holding and I just heard that they swapped to new coins leaving my tokens useless

MZI swapped to MZG
NXPS swapped to PUNdiX

I hope others will learn from this
Moozicore! I have a lot of information. First, I want to remind you to follow a telegram group of all new and old. This kind of problem we face in the ERC-20 blockchain tokens. Own blockchain coins never do that. There must be a good lesson either by coin or be active in a telegram group. Another suggestion is very risky, hold your tokens in exchange but exchange must be trusted, even though you must be active on all announcements.
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April 28, 2021, 11:42:09 PM
Last edit: April 28, 2021, 11:53:21 PM by electronicash
 #54

Holding coins and tokens and not looking back until you start hearing how big crypto market is will leave you in a very bad mood, I'm sure this must have happened to some people here as well, this is my new sad story, I have some moozicore and nxps in holding and I just heard that they swapped to new coins leaving my tokens useless

MZI swapped to MZG
NXPS swapped to PUNdiX

I hope others will learn from this
Moozicore! I have a lot of information. First, I want to remind you to follow a telegram group of all new and old. This kind of problem we face in the ERC-20 blockchain tokens. Own blockchain coins never do that. There must be a good lesson either by coin or be active in a telegram group. Another suggestion is very risky, hold your tokens in exchange but exchange must be trusted, even though you must be active on all announcements.

i can understand the team is looking for something that will make transactions easier and cheaper but at least don't set dates to not allow swapping. keep it forever.

its frustrating to be doing some swapping while the team or anyone else doesn't even share the page of how to swap it to BSC or to new contract. the first tokens i have invested in crypto like iconomi (ICN) also did this swapping and then i lost track of the project because the team is just a disappointment. now they don't even want anyone else who to swap the old ICN and i still have thousands of it.













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April 28, 2021, 11:43:48 PM
 #55

There might still be a chance to convert that old token into a new one, just contact them directly and know what to do.

This is the reason why we should not just hold and forget, you have to monitor it from time to time and see if your holdings have some changes so you can update your token. We have to learn from this, long term hodler must visit the site at least twice a month and remember that this market is 24/7 anything can happen at instant.
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April 28, 2021, 11:51:02 PM
 #56

Doesn't this mean you can just follow them? Do they provide a means or mechanism for doing the swap? And if they allow then just follow the steps. Maybe they also do this for a certain good and with good judgment.

I personally am not too interested in buying new tokens, only those who are already on the top exchange with quite a lot of trading volume.

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April 28, 2021, 11:51:28 PM
 #57

I also suggest that if you want to buy and save long-term, then feel free to choose long-term coins.  The number is on the market and the use of these coins is already popular in the community.  That way there will be a big chance of profit in the future if the coin goes up in price.  At a minimum, the coins are safe and do not disappear from the crypto market.

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April 29, 2021, 04:15:33 AM
 #58

Holding coins and tokens and not looking back until you start hearing how big crypto market is will leave you in a very bad mood, I'm sure this must have happened to some people here as well, this is my new sad story, I have some moozicore and nxps in holding and I just heard that they swapped to new coins leaving my tokens useless

MZI swapped to MZG
NXPS swapped to PUNdiX

I hope others will learn from this
Some projects will allow you to swap their tokens so you can contact them to know possible solutions. And this is a real problem if you wants to invest on shit coins in long term, you have to keep in touch with the project all the time if you don't want to lose your assets.
I don't know about the OP's case, but the project party should have provided information or at least explained to their holders that they are going to do a token swap, right? it looks really weird if they suddenly do a token swap without giving any information to anyone, btw, communicating to the project concerned and monitoring the altcoins you invest in are fundamentally important in investing
It shows that they don't really care about their investors, all they are looking to do is to make some profits with their changes and will let their project stranded at some point so avoid investing in shitcoins for long term that is my investment advice for the crypto newbies.
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April 29, 2021, 04:58:30 AM
 #59

Holding coins and tokens and not looking back until you start hearing how big crypto market is will leave you in a very bad mood, I'm sure this must have happened to some people here as well, this is my new sad story, I have some moozicore and nxps in holding and I just heard that they swapped to new coins leaving my tokens useless

MZI swapped to MZG
NXPS swapped to PUNdiX

I hope others will learn from this
That is why as an investors especially for new projects must also be aware of the project development by simply joining their telegram group. Because most of the times after buying their tokens, we just hold, and wait the market will pump  but sometimes we neglected to hear any important updates just like it happen to OP. Though I'd never have that kind of experience we never have to wait then that it happens to us, anticipation to such possible event is vital.

R


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April 29, 2021, 05:11:11 AM
 #60

Next time download blockfolio app and add every coins and tokens you have in the app for tracking, you will know their worth or value and so be up to date with whatever the project teams are planning, this is why blockfolio app is highly recommended, you won't miss a single update

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