Topic: Any use for failed cryptos? - page 2. (Read 968 times)
I can certainly understand how frustrating this could be if this happens, after doing loads of work if we didn't deserve anything that could be the saddest part. However a lesson will be learnt for sure and we should avoid such mistakes in future projects, scammers will be everywhere we need to be very careful and go ahead.
When devs run away from the responsibilities, we cannot do anything about the balances in our wallet nor in the addys like ethereum or tron. We need to get practice to live among them. If we are not careful then scammy devs will keep on attempting to loot from us in terms of promising coins/tokens like this only.
After seeing major portion of my hard earned money got into zero value, I somehow got frustrated and decided to never go for investing with any of altcoins. Because, I am choosing most of the coins/tokens after week long due diligence still I could not avoid scammers. Like someone mentioned here on this forum, scammers are nowadays coming up with more smart attempts which makes us to fail with our due diligence. Just staying away could be the only possible solution.
After seeing major portion of my hard earned money got into zero value, I somehow got frustrated and decided to never go for investing with any of altcoins. Because, I am choosing most of the coins/tokens after week long due diligence still I could not avoid scammers. Like someone mentioned here on this forum, scammers are nowadays coming up with more smart attempts which makes us to fail with our due diligence. Just staying away could be the only possible solution.
previously I never heard of the project you mentioned but if I see from the many projects that fail/die their tokens/coins will never be valuable. because there are no activities on the project, the team definitely left the project
In my wallet there are more than 200 different altcoins, and all of them died between 2018 and 2019. There are too many scam projects and failures in this market, and if someone invested in them, surely they got a bad result I remember like 2 years ago there was a time when we were able to exchange all these slow, shady or even dead tokens at decentralized exchanges like etherdelta or forkdelta but then etherdelta was not able to sustain while forkdelta now is also struggling to stay up and has very little to no volume which basically means that now there is no more liquidity available for most of the tokens their as well, so if you want to never see these useless tokens you can send to the burn address otherwise just let them sit in your wallet as a memory.
This is virtually the story of many crypto hodlers in the past and evening now. Some wallets are just loaded with worthless tokens. So many are acquired from scamming bounties, after much labour with expectation for better profit but all in vain.
It is even more painful when a hodler buys those shit from these exchanges without having an sign that they are almost forgotten project as a new investor.
The mess is still on as more shit project seem unstoppable.
Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?
These are the ones you could remember, there are many of these projects littered around the crypto space whose team are having the best time of their lives now from scamming investors. There are even others who still not listed but keeps saying they are working on their platform when it's obvious they just played their investors. So in essence, there are many ways through which investors were scammed, therefore any coins or tokens which is considered dead is dead and should be overlooked henceforth, thus there is no use for these ones aforementioned.
Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?
Nothing, nada, zero you just have to get used to it, I have over 30 useless tokens in my wallet and I just go on, nobody is buying a useless token if there is no market anymore, gone are the days when you can create a token and people will be coming in to partake of that coin, it's over now, investors are wiser now.
Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?
Most likely no use for them unless there are rumors of another team will to take over and revive those cryptos. I saw one thread about someone who want to take over a dead project in so it isn't impossible. 
There were some attempts that someone will buy your coins and then try to contact the team and if team doesnt respond, then he would take legal action.
There is a big problem that we do not take legal actions against scam ICOs or IEOs so they do not have any problems when they take our money and leave the project.
There is a big problem that we do not take legal actions against scam ICOs or IEOs so they do not have any problems when they take our money and leave the project.
At this point, the only thing you can do is just HODL it, There's no point of selling it for $5 it will just barely cover the fees. So by experience, Just hold it and forget about it. then wait for maybe 2-5 years and there's a pretty good possibility that the coin that failed became bullish. So instead of selling it for $5 you can sell it depending the price. the sky is the limit i guess.
Once a project fails either by going bankrupt or exit scamming, the tokens becomes usess at that moment. If such token is listed on any exchange, the exchange will delist it. There's nothing one can do with a failed project token we have to learn from not holding any token.
Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?
Nope you can either burn those or keep holding them which won't result in anything. please note sending tokens to burn addresses will cost you transaction fees.
I remember like 2 years ago there was a time when we were able to exchange all these slow, shady or even dead tokens at decentralized exchanges like etherdelta or forkdelta but then etherdelta was not able to sustain while forkdelta now is also struggling to stay up and has very little to no volume which basically means that now there is no more liquidity available for most of the tokens their as well, so if you want to never see these useless tokens you can send to the burn address otherwise just let them sit in your wallet as a memory.
previously I never heard of the project you mentioned but if I see from the many projects that fail/die their tokens/coins will never be valuable. because there are no activities on the project, the team definitely left the project
I have lots of failed coins and I thought that holding them would bring me a better profit but I've learned from that mistake. I tried focusing on coins with good potential and value. I stopped hoping that dead coins would still recover in time. Well, we can't deny the fact that it's hard to determine if a coin would recover in time or not.
Nothing to do with this kind of projects are they are abandoned , flagged as scams and no one will ever touch them again. If you find yourself in the position of holding dead coins , just move on and sell if you can as whatever loss as time won't bring any value to them and by doing a quick search on cmc or here on this forum you will find out that there are tons of dead projects so learn from that and never invest again in no name projects.
Keep your btc safe.
Keep your btc safe.
Agree, when holding a coin that has indicated a scam, we should immediately sell at any price because it will be useless if we hold it for some time to come. It is better to cut loss than we experience greater losses and this is one of the risks in investing in any market.
Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?
Unless the development team make a move, we can do nothing about dead coins/tokens. If a project is marked as scam, just move on and invest on other project. There are promising project out there which might possibly recovered your losses from other coin. We can't neglect the risk on investing, so please make sure that you can afford to lose your invested money.
It's sad to see failing projects but to decrease the risk, I recommend you to diversify your investments. In this way, you'll not miss any sudden pump of a project. Make a good research about the project you are investing.
Nothing to do with this kind of projects are they are abandoned , flagged as scams and no one will ever touch them again. If you find yourself in the position of holding dead coins , just move on and sell if you can as whatever loss as time won't bring any value to them and by doing a quick search on cmc or here on this forum you will find out that there are tons of dead projects so learn from that and never invest again in no name projects.
Keep your btc safe.
Keep your btc safe.
Agree, when holding a coin that has indicated a scam, we should immediately sell at any price because it will be useless if we hold it for some time to come. It is better to cut loss than we experience greater losses and this is one of the risks in investing in any market.
Nothing to do with this kind of projects are they are abandoned , flagged as scams and no one will ever touch them again. If you find yourself in the position of holding dead coins , just move on and sell if you can as whatever loss as time won't bring any value to them and by doing a quick search on cmc or here on this forum you will find out that there are tons of dead projects so learn from that and never invest again in no name projects.
Keep your btc safe.
Keep your btc safe.
Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?
Well if it is failed you can't do anything just kept it on your wallet and it will remind you that you need to find a project that was legit and you will know that it would be successful in terms of researching regarding on the project, it was hard to believe that the project was failed at first but you can overcome on it just stay positive. 
You can use them as a reminder of failed investments! Did you work hard for that? Did you invest your hard earned money in those coins? When you see those failed coins or tokens, it should be a reminder for you to never invest yourself and your money without checking them first, and more mistakes you made, your research will be deeper!
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