Topic: Are you holding a bag of useless illiquid tokens? Like I do? - page 8. (Read 1207 times)

when I save a lot of tokens, I will experience a lot of losses because surely when the bitcoin price falls then the price of the token will also fall deeper and will become cheaper, it will only make you lose, it's better not to save too much tokens, you get it from airdrop or bounty campaign so you can save it as long as you want.

I have a lot of earned tokens by participating in bounty campaigns ICO. However, while it cannot be said that most of them are useless. Sometimes it takes many years to promote your project. Moreover, it is impossible to judge by tokens in the period of such a long period of falling and stagnation of the cryptocurrency market. Therefore, I am not in a hurry with conclusions. These tokens can suddenly begin to grow in a few years.

I had the dead coins too, but it's not too big, and I cannot do anything with those coins. And if the price really crashes below $3k, I wonder what will happen with the market, and I guess there will be a massive selling from many people because they are very afraid to get a big loss. I also hold many coins in my wallet and although it's not too big depends on other people, I still hold it until now because I don't know what I will do with those coins because of the market still not fully recovered and I cannot sell right now.

uh oh. it sounds like this crash still needs to go deeper yet. people are still bagholding tokens and hoping for recovery.

i can't wait for the bittersweet taste of capitulation. it'll be painful as hell watching the price crash below $3k, but this market obviously still needs to be purged of holdout speculators.

i'll say this though: in 2015, i still had a few totally dead coins that i ended up forgetting about. they eventually pumped in 2017---everything pumped in 2017. food for thought!

I hold quite a lot of illiquid tokens, I myself don't care about that, the token comes from a failed project, most of the projects failed due to lack of costs and poor management, although it doesn't hurt to try to improve the value of a token, maybe what is needed is an improvement of the concept and the developer who is competent for it, the most important thing is funding, so that illiquid tokens can be more valuable.

No, I don't hold any useless token especially from ICO, but I do hold some of the unpopular low market coins that I believe have some potential like Bismuth. Some of you maybe get the useless token from bounties, it is worth to remember that signature campaign or any bounties based on ICO token payments aren't likely to get you a profit. Actually, it just needs to have a common sense, many of project doesn't reserve a particular fund for Bounty so they make their useless token for the payments, and take the profit for themselves.

only a few tokens I keep, just like you. and I have mostly converted to bitcoin or ethereum. because I believe the two coins are consistent. even so I have set aside a portion of fiat currency to meet daily needs. believing and being sure of tomorrow about the future of crypto kept me strong in holding it

I also do activities like you but I don't hold too many tokens in my wallet, I realize that the condition of cryptocurrency prices is currently falling so badly that it has a direct impact on token prices and makes the price of these tokens worthless, so there's no choice other than waiting until the price rises again.

Thats right, throwing away you think that bitcoin will no longer be worthy of holding back is wrongthing, you should know that the price of bitcoin will definitely recover, history teaches it. but when to recover it is still a mystery, the cycling of recover can be 1 year, 2 years or more

Same thing can be said about bitcoin, in reality it is shit but there are still a lot of fools that are delusional.  Bitcoin is just as worthless as any of these other coins.

If you haven't already, stop accumulating them. I'm guessing you did a bunch of bounties for ICO tokens where the project went nowhere? The market is completely saturated with those. Creating demand out of nowhere for these tokens is unlikely, so there's not much you can proactively do.

The best you can do is wait for the market to turn bullish again in hopes that you can liquidate higher. I would just forget about your bags in this environment.

I'm holding a bag of Bitcoins that bots have been dumping for more than a year and I'm really exhausted with it all. I feel the same way I felt in 2016 and what saved me from going mental was taking a break from this forum and from checking the price every day.If you're worried that your coins aren't worth a lot now stop thinking about it. Bitcoin cycles are getting longer. They used to be just 1 year then 3 years and now it can be 4 or 5. If all goes well in 2020 we'll be back above 10k.

One of two intelligent posts in this thread so far; the rest are just one line shitposts made by members trying to earn even more worthless tokens.

OP, how did you acquire your bag of shit-tokens?  Did you get them through bounties/airdrops or did you actually buy them on the market?  Hopefully it isn't the latter case, because by now people should realize that most of these tokens are worthless or are headed toward zero in the future.  It's no wonder they're illiquid, because no one in their right mind would spend their own money to own them.  IMO all of these tokens are created by people who can make some slick advertising website that makes them look professional--but behind all of that is an idiotic reason for their creation.  

Creating tokens won't solve most real-world problems, and I have yet to actually see where blockchain tech has been adopted in fields such as medicine or even banking.  Surely if the really smart people who are involved in those kinds of professions saw that some token would help them perform their functions more efficiently, they would have eagerly latched onto it.  That isn't happening.  What IS happening is that a bunch of scammers are lying to people who are looking to get in on what they think is going to be the next bitcoin, and they do this with false claims, deceit, and smiling faces.  Then after they've made their money, they're on to the next scam.

You did the smart thing by cashing all your tokens out.  That's what anyone should do if they find themselves in possession of them, and as soon as possible.  And that's IF the tokens are listed on an exchange and IF there are any buy orders.

What you can do is get off the pity pot and stop being the sucker on the wrong end of a losing trade.  If you own any ICO tokens, there's someone else who's already made the money off them.

I do holding a lot of tokens that can't be liquidated but what exactly you are planning to do? I don't think there is much you can do, most projects and holding from listing because they are 100% sure that their token/coin will be crushed in this market condition so how you plan to confess them that it will not crush or that it is okay to crush, look at Forkdelta there is selling orders for most of the finished projects from desperate people who are willing to sell with only 10% of the real price. I don't think there will be a real solution until the whole market starts to recover.

And I have exactly the same situation. A lot of tokens in my wallet which will never be in demand. And not only from the bounty but also from the numerous airdrops, in which I participated, when I had a little experience in crypto. And the cost of some tokens is so low that the transaction fee will much more expensive.

I have a lot too. ICO tokens that's been useless. Projects that just disappeared after token distributions. Projects that has poor planning that ended up to nothing. What will I do with these tokens? Some tokens are not even listed in exchanges. Sad. I really wish I can benefit from them but I think there is really nothing we can do.

Are you planning to make us laugh with your comments and ideas, what you can do about the fake tokens that are created and being stuck with you, basically nothing you can do about it. Each and every user in this platform will be having one or the other tokens that have no use at all, the main reason for that is because of the fake airdrops which is aimed at collecting user data base and other fake projects. There is no solution for that, just move on with your life.

What we are holding a lots of our investment but when comes to exchange all of them or not valuable we all know this but there is your hope you'll always there in our mind in someday it will be profitable that's why all currency are still in the market.

A once useless will remained useless. I don't think there are traders who will still try to test the waters on those dead coins as there are lots of opportunities outside.

For those dead coins to be revive, it needs a "SERIOUS" talks to the devs itself which I doubt they will still pursue on it. It must also passed lots of difficulties like exchange listing, new roadmaps, big community, serious marketing, face the current market situation and a decent "capital". If those well established coins are having hard time to deal with the current market behaviour, then what more on those dead coins.

Anyways since you have decided, then do it without hesitation and see for yourself the result of wasting putting your time there.

This pump and dump game only works if that particular token is listed in exchanges, otherwise not! I have a bag full of useless tokens which are not even listed in exchanges.

Like OP said, he is holding meetings with Project leaders, big companies or trading platforms to liquidate those tokens, but I doubt it will do any good because no one will try to revive a dead token which has already earned a bad name and lost investor's confidence. It is easier to create a new token and introduce to the market. I believe it's better to forget about these tokens without wasting time in meetings!