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Author Topic: I hope others will learn from this  (Read 1866 times)
Argoo
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May 19, 2021, 05:31:48 AM
 #161

If I am not mistaken, if there is a discourse on the conversion of one to another token as you mentioned above, for example, NXPS is exchanged for PUNdiX, there is always an early notification on the telegram channel of the project owner.

In my opinion, this moment is very necessary so that data and information related to changes can be known as a further step in making investment decisions.
The current procedure for exchanging cryptocurrency names can be compared to a type of fraud in which cryptocurrency holders are deliberately deprived of their ownership of these cryptocurrencies. The fact that the team indicates such a replacement in their telegrams is clearly not enough. It is necessary to provide for the possibility of cryptocurrency holders at any time to make such an exchange manually or automatically send new cryptocurrencies to their wallets. Cryptocurrency holders should not lose it just because they did not find information about it in the telegrams in a timely manner and did not take actions that for some holders are significant for a number of reasons.

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aioc
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July 27, 2021, 10:58:27 PM
 #162

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's really a huge mistake and will hurt more if you own a huge number and the coin gets pump if you cannot follow the coins you are holding on their channel or on their thread and social medias, better dump your coin and cut your losses or just get even, instead of holding your useless coin because you are late in swapping it.

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July 27, 2021, 11:46:13 PM
 #163

Leaving the market is a good move so you can get rid weak hand opportunity by selling them.
But following the projects update, at least take a look the pin chat in the community group every month is a must thing to do.

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July 28, 2021, 03:32:26 AM
 #164

If you are going to hold a coin, you should know first how it will progress, do not just leave it like you dont know things about it just to say that you are in a long-term investment. Always do your research before investing in a new coin, research will make you safe and assure you that you will earn profit from it.
it is indeed difficult to hold on to a new project, because we do have to follow its development as well, so that if the project develops according to the road map, I don't think it will be a problem, because many of a project cannot carry out its development according to plan, so it easily becomes ashes, and That kind of thing should be avoided

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July 28, 2021, 04:34:10 AM
 #165

Leaving the market is a good move so you can get rid weak hand opportunity by selling them.
But following the projects update, at least take a look the pin chat in the community group every month is a must thing to do.

If we investing in a project (assuming this is a growing project with a potential but not listed on the market yet or at least the market cap of this coin is still low) we should not looking at the project once a month because it's quite dangerous. Everything could happen in crypto in a day, or even in an hour. So i think if we investing in a project we should keep up to date to the information of the project before more over a new project
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July 28, 2021, 07:09:59 AM
 #166

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
I guess you must have been or of reach with these projects social media for a while, because I do believe that, this type of swap would have been announced on most of their social media handles for sometime before it takes place and I have been in some crypto space where after months have passed of the swap, investors come and ask this same questions. If you hold some coins/tokens, I believe, that following up with the project is key so that you don't miss out on info like this.
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July 28, 2021, 07:12:27 AM
 #167

Leaving the market is a good move so you can get rid weak hand opportunity by selling them.
But following the projects update, at least take a look the pin chat in the community group every month is a must thing to do.

One solution so as not to lose information is to always update information about tokens in the Telegram group. At least once a week we have to know the latest information from the group so that we don't miss any information about swaps or other things. Tokens or projects always rely on their community to grow and they will always inform the latest developments in the group so we must also be active so as not to miss the latest information
I'm sure it's because the OP is in an important problem or business so he can't keep up with updates from the project he's following.
The OP is definitely not alone, but if you keep it on the exchange, most of the SWAP is done automatically. but some are not done automatically.
usually, developers do give quite a long time to SWAP old tokens to new tokens. but if you missed that, sorry there is no other solution.
I believe this is an important lesson for all token holders. Thank you for reminding me.

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July 28, 2021, 07:32:59 AM
 #168

actually it's your own fault not paying attention to the development of the project you are following / buying so when a new announcement comes you are left behind and don't get the latest information, of course you regret it and in the future maybe you will be more active in the project you are following.
Althought it can be his mistake but the developer should also be fair giving solution by either allowing people who are late to swap again, im sure the developer wont like it when their coin in circulation lost just because some people forgot since that also gonna decrease the amount of token holders. If there is a way for old holders to swap their token then both side will get the benefit. I still eonder what keeping the developer from allowing old holders to swap though.

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Chuky92
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July 28, 2021, 07:58:12 AM
 #169

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

On a more sincere note, this issue of swapping is one of the reasons a lot of people find it hard holding most coins and tokens for long term, this is because a lot of people just want to buy and hold in personal wallets while they focus on other things so that they can hold long term, then after a long time you realise your tokens are now useless, it's really bad. Which is also the reason Bitcoin and Ethereum will continue being on the minds of people because everyone knows how reliable and trustworthy they are.
What happened to you, has happened to a lot of people while in some cases, users still had the opportunity to swap and in some, users are left with useless tokens. Hence my suggestion is, when holding some tokens, and you intend holding for long term, try to follow up on Twitter so as to get their notifications which you can easily read, I believe this will make it possible for the holder not to miss Important updates like token swap.

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July 28, 2021, 09:14:05 AM
 #170

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

Is this information true you got from the source, has it been submitted in writing on their page, because I also experienced this anxiety a few months ago, where the price of the coin had a value in the market, but when I released it couldn't 't even be disbursed on the grounds that they were prepare prices.

This condition makes people lose confidence in investing, instead of getting something they want, the condition changes from time to time without prior notification. This step needs to be changed by them, if they don't want to get moral sanctions from people, this kind of treatment is not the right solution to maintain market balance.

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July 28, 2021, 09:23:08 AM
 #171

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

Staying up to date on the projects is essential, many of them are forced to make changes, swaps, forks etc... and there is the risk of being left with obsolete coins.

If we following a growing project since small project, we have to keep watch what they are doing with their projects. Sometimes they will have struggle in the market and make some strategies like changing contract address and etc, if we don't following the project we will lost our money, i've also experienced it before. So make sure make an alert notification for every news coming from the project
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July 28, 2021, 09:26:34 AM
 #172

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

Holding coins and tokens in the long term is not the right solution, considering that these types of coins do not provide a sense of security in investing, their conditions will change over time both in price and level of security, almost everyone experiences the same thing as you.

The initial predictions that made people hold on to this coin, actually lost faith when this coin began to be exchanged for new coins, should we find out why they did this, or should we just let them do what they want to do.

I don't agree with what they are doing, it actually makes people lose faith in other coins, they need to be punished, so that in the future they don't do something that harms a lot of people.

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July 28, 2021, 04:14:15 PM
 #173

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

When you invest in different, not very popular altcoins, you should always be very careful, as, in case of emergency, you might be able to save your money if you act quickly. But if you don't follow the project and its altcoin you can miss some changes and as a result lose your money. It is acceptable to hold only coins and currencies that you are sure about. It might be Bitcoin, Ethereum, BNB. They have high trading volume and they are quite popular among investors.


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July 28, 2021, 05:31:50 PM
 #174


If we following a growing project since small project, we have to keep watch what they are doing with their projects. Sometimes they will have struggle in the market and make some strategies like changing contract address and etc, if we don't following the project we will lost our money, i've also experienced it before. So make sure make an alert notification for every news coming from the project
it was purely his own fault for not following the progress of the project he was following.
but usually, everyone follows social media which certainly gives notifications regarding SWAP or token releases in the market.
I usually get notifications from some members who really care about sharing information with all community members.

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July 28, 2021, 05:39:49 PM
 #175

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
If you hold a token, you must know how they progress. If the token is going to swap, of course the investor will be given time to swap. Some projects have deadlines and some don't, that's the reason why you should monitor the progress of the project.

yes, i agree with you. most people lose because they don't monitor the progress of the project itself. and that's often the case with bounty hunters who may not have time to monitor the coins they make from there. It's a different story if you are a project investor, chances are you will also be required to keep abreast of the developments of the project you are investing in so you don't miss out on information like the case experienced by the OP.

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July 28, 2021, 08:08:44 PM
 #176

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
I hope others will learn from this

I've also had a similar incident almost like this in the past on an XLM coin and i store my wallet on web wallet and then they updated their wallet and after few years i back again to crypto activity i couldn't recover the password from that wallet anymore. because their new update not able to recover old wallet. if i calculate , there are several thousand usd there. so completely didnt follow any update so possible to lose access some coin.
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July 28, 2021, 11:29:57 PM
 #177

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
I hope others will learn from this

I've also had a similar incident almost like this in the past on an XLM coin and i store my wallet on web wallet and then they updated their wallet and after few years i back again to crypto activity i couldn't recover the password from that wallet anymore. because their new update not able to recover old wallet. if i calculate , there are several thousand usd there. so completely didnt follow any update so possible to lose access some coin.


Yes I have had the same as well. There was no wallet upgrade or anything, but the service of the web wallet simply discontinued and I didn't take that email seriously. It didn't have an obvious header or the word warning. I thought it is some advertising for whatever and ignored the email. After a couple of months I wanted to access the wallet. Website not up, tried to reach out to them and never got an answer. The coin was quite worthless though, but it was a lesson anyway.
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August 04, 2021, 10:07:38 AM
 #178

but whether the coin you have will change directly with the newly released coin?, or you can report it to the Altcoin telegram group there may be a solution they provide, at least not all your assets are lost. Well, that's why in the future invest in altcoi like ethereum, bnb, and bitcoin only

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August 04, 2021, 04:09:15 PM
 #179

but whether the coin you have will change directly with the newly released coin?, or you can report it to the Altcoin telegram group there may be a solution they provide, at least not all your assets are lost. Well, that's why in the future invest in altcoi like ethereum, bnb, and bitcoin only
Yes, investing in the three coins you mentioned such as bitcoin, bnb and ethereum is a good choice,
I say that because investing in the top coins is not as risky as investing in meme coins,
apart from that everyone has their own choice

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Daras
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August 04, 2021, 05:41:08 PM
 #180

It is better to always monitor your investment because some times there may be some sudden change to the policy which may cost the investor if she is not aware of it. It is even best to invest in projects/coin that has good history not some novel project/coin that will promise heaven and Earth just to be scammed at the end.
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