Are you holding a bag of useless illiquid tokens? Like I do? - page 5.

pushups44

sr. member

Activity: 868

Merit: 281

Quote from: Diego_Armando on January 21, 2019, 05:19:29 AM

I am holding a bag of useless illiquid tokens. So do millions of other people in our community. We must do something about it! So I decided to Pick up the gauntlet. I’m having meetings with projects leaders, big companies, and trading platform, trying to find the best solution for all of us. Would love to hear your situation, thoughts, and ideas.

The best course of action is prevention - to purge tokens that are at high risk of losing liquidity or getting delisted from major exchanges. Fortunately I have shifted to higher quality projects, saving me from this predicament, but sadly I too have had to take losses from failed or abandoned projects. Investors must be very selective about the projects they choose to invest in.

chocopapaya

full member

Activity: 686

Merit: 131

You could always create a dao (decentralized autonomous organization) focused on reviving projects.

Blockchain tech is open source and distributed.
That means that anyone can come in and revive and manage a coin.
Obviously, the vast majority of these illiquid tokens should just stay dead.
But your dao could focus on identifying projects that are actually really good but didn't make it because of the crash.

Pool together your resources, gather techies, veteran investors, miners, etc. and you could actually get dead projects going again.
This would not only provide value to the coin eventually but benefits the entire ecosystem at large.

There have been dead projects in the past that have been revived and gone on to be great projects.
A dao will ensure that the community surrounding it is kept alive.

miklesm

member

Activity: 1078

Merit: 10

I store hundred of useless ERC-20 tokens from Bounties and Airdrops in my Ethereum. Unfortunately, there is no way to get profit with them - the most projects had issued such tokens are already dead.

Argoo

sr. member

Activity: 2464

Merit: 252

Yes, I keep in my wallets a lot of tokens, received as a result of participation in the bounty campaigns ICO. However, it seems to me that it is still too early to conclude that many of them are useless. For the development of many projects need a long time, up to several years. Therefore, I do not lose hope. Of course, some of the tokens seem useless and we knew that this would happen. However, the rest of the tokens should bring us a good profit. In the world of cryptocurrency, losses are always unavoidable and need to be put up with.

metalglowd

member

Activity: 546

Merit: 10

💲 EMIREX EXCHANGE 💲

Yes, me too. quite a lot of tokens that are useless, everything is beyond expectations. do not sell precious moments and then when we expect to sell also the price is not worth the transaction fee. The most worst that i ever feel is buy some illiquid tokens at ATH and then hope it will come back, but then the exchange should delist it

Brainnin

jr. member

Activity: 170

Merit: 1

Hold up a little bit to the coin, with time I believe the token will come up. Am also holding many coins in wallet that are yet to make sense on exchange site.

Genemind

sr. member

Activity: 1596

Merit: 335

I'm also holding thousands of coins in my wallet but I don't consider them as useless coins. Some of them gain value in time and some provide a passive income upon holding. I know that these coins would rise and develop again once the market recovers again. I don't mind storing and holding a lot of them because I have faith that they could have good values in the future.

Danslip

hero member

Activity: 2058

Merit: 538

Leading Crypto Sports Betting & Casino Platform

I also have a collection of useless shitcoin in my portfolio and I can't find a good exchange to sell this shitcoin one by one. There is no rescue from this vicious circle, sadly. Illiquid tokens are like toxic.

Everglow

jr. member

Activity: 287

Merit: 6

Quote from: Diego_Armando on January 21, 2019, 05:19:29 AM

I am holding a bag of useless illiquid tokens. So do millions of other people in our community. We must do something about it! So I decided to Pick up the gauntlet. I’m having meetings with projects leaders, big companies, and trading platform, trying to find the best solution for all of us. Would love to hear your situation, thoughts, and ideas.

Seems like a pretty crazy idea. But how, because you face a big problem that you don't have the money to do those things. If a project is on the right track, they will have a listing plan as intended, otherwise they will have a scam, and your tokens will forever be worthless.

GregH37

legendary

Activity: 1302

Merit: 1037

Quote from: Diego_Armando on January 21, 2019, 05:19:29 AM

I am holding a bag of useless illiquid tokens. So do millions of other people in our community. We must do something about it! So I decided to Pick up the gauntlet. I’m having meetings with projects leaders, big companies, and trading platform, trying to find the best solution for all of us. Would love to hear your situation, thoughts, and ideas.

Lol, how do you intend doing this, since it is something you can’t do physically since these people are all not in the same country, and what assurance do you even have that you will not be scammed too by having a mole in you meetings.

It will still go a long way though, although I am still not convince enough about the method you intend using in gathering these people, but whatever method it is that you have that will guarantee the success of the meeting, I think it is worthy of trying and let us see the outcome of it first before proceeding or advising further on what to do, but at this stage, I think the case rest with the initiator.

taguig

copper member

Activity: 479

Merit: 11

Quote from: Diego_Armando on January 21, 2019, 05:19:29 AM

I am holding a bag of useless illiquid tokens. So do millions of other people in our community. We must do something about it! So I decided to Pick up the gauntlet. I’m having meetings with projects leaders, big companies, and trading platform, trying to find the best solution for all of us. Would love to hear your situation, thoughts, and ideas.

Not only happening to illiquid tokens, but there are also a lot of tokens that are useless, you have worked on it for several months, got your stakes only to wait for several months again hoping it will have a market and value, and you will get disappointed for waiting in a useless coin, you are not all alone with this.

logisticalmother

member

Activity: 299

Merit: 10

I did not do the same thing, I also did not know that the bag was useless token, but I could still see which was right and what was wrong, maybe the token is now widely used by the people of the world but I am sure they must, um, can research until inside it is indeed per, u have the right action from the boss.

Bitze

legendary

Activity: 1638

Merit: 1042

Quote from: Diego_Armando on January 21, 2019, 05:19:29 AM

I am holding a bag of useless illiquid tokens. So do millions of other people in our community. We must do something about it! So I decided to Pick up the gauntlet. I’m having meetings with projects leaders, big companies, and trading platform, trying to find the best solution for all of us. Would love to hear your situation, thoughts, and ideas.

i think there's something like that in every portfolio. there's no reason why you shouldn't have made the wrong decisions a few times. so you know how to appreciate the right ones more.

for the clarity it doesn't harm to combine the 0 value projects on an own wallet Lips sealed

Aldrinx00

member

Activity: 882

Merit: 13

Yes i have millions of worth less tokens that cannot be sold and will have no value in future because the developer has already abandoned bthe project. Well i don't think we can do anything if the project is already been abandoned even if they tried to revive it people already lost trust on it.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

As you said its just useless tokens so there is no point on holding it when they have no value on any exchanges,Do you think meeting with that project team will bring value to those useless tokens? Nah Sad

airdropan

member

Activity: 532

Merit: 11

♦♦♦♦♦

most of my token that come from bounty is still on my wallet . never try to sell it. Just hope the price will pump sometimes.
if not happend then i will just leave there

ausbit

legendary

Activity: 1330

Merit: 1019

Quote from: maxreish on April 21, 2019, 08:23:40 PM

Glad that I don't have much useless coins. If ever i hold so much shitcoins, I will just let them in my bag and would not have a courage to do what you are doing. You are very confident to do such things and I envy you for that. I hope this also be a lesson to us, your situation will require more efforts and will waste a lot of time. If we were able to trade them right after we received them, we will not reach this kind of situation.

You should not really put your trust completely in any other coin you are holding that is not BTC and ETH, any other coin aside this two may tend to become shitcoins one day, I am not saying all, but some because of the big competitors we have now.

If you notice that some of the altcoins we were holding are already phasing out and being replaced by new ones coming with similar project and a better idea. That is by the way, concerning the OP, I think he is really wasting his time, how does he think he can get everyone together in this diverse community, does he even have the full resources to do so, and also the time to do so.

maxreish

sr. member

Activity: 1330

Merit: 326

Glad that I don't have much useless coins. If ever i hold so much shitcoins, I will just let them in my bag and would not have a courage to do what you are doing. You are very confident to do such things and I envy you for that. I hope this also be a lesson to us, your situation will require more efforts and will waste a lot of time. If we were able to trade them right after we received them, we will not reach this kind of situation.

ildario_n

member

Activity: 322

Merit: 11

Blockchain for PLANTS (www.industrial.markets)

Although I sometimes return debts to illiquid tokens.

ildario_n

member

Activity: 322

Merit: 11

Blockchain for PLANTS (www.industrial.markets)

Quote from: Diego_Armando on January 21, 2019, 05:19:29 AM

I am holding a bag of useless illiquid tokens. So do millions of other people in our community. We must do something about it! So I decided to Pick up the gauntlet. I’m having meetings with projects leaders, big companies, and trading platform, trying to find the best solution for all of us. Would love to hear your situation, thoughts, and ideas.

These illiquid tokens can be sold to ICO teams (at a greatly reduced price).

Topic: Are you holding a bag of useless illiquid tokens? Like I do? - page 5. (Read 1260 times)