I hope others will learn from this - page 3.

MarjorieZimmermanGinger

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Quote from: Looper_U on April 28, 2021, 04:28:33 AM

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.

Chuky92

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Quote from: Looper_U on April 28, 2021, 04:28:33 AM

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.

TastyChillySauce00

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Quote from: ?? on ??

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.

[email protected]

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Quote from: Kena Banned on July 27, 2021, 06:46:13 PM

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.

Henrobakkara

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Quote from: Looper_U on April 28, 2021, 04:28:33 AM

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.

sirminesalot

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Quote from: Kena Banned on July 27, 2021, 06:46:13 PM

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

awik p

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Quote from: ?? on ??

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

Kena Banned

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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.

aioc

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Quote from: Looper_U on April 28, 2021, 04:28:33 AM

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.

Argoo

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Quote from: Gayong88 on May 10, 2021, 10:41:11 PM

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.

shogun47

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Quote from: Atang Sulaeman on May 10, 2021, 10:18:40 PM

Not only these two points, many other bitcoins also exchange or change contracts and as a result, some have increased in price and some have even fallen until there is no price. multiply research every altvoin that we have.

As far as I am concerned, changes to the smart contrac cannot be arbitrary to be able to migrate. There are things that need to be considered because definitely the deposit on the exchange will change if you use your own blockchain. a lot of consideration by the team before making that decision. I myself have observed so many projects and many of them were successful and also failed afterwards

In most cases the old chain is just dead after a swap and you can't send anything. It depends if you have to send your coins to a burn address in order to get the swapped coins or if a snapshot is taken and you have to provide a wallet for the new coin. In the latter case there are two ways to go about it. Some projects sent the swapped tokens directly to your old wallet and deactivated the old contract (only possible for tokens). There is nothing you need to do, great. If a snapshot is taken and you have no idea because you weren't around you could lose your old (but anyway worthless) coins by sending them to an exchange deposit address if someone is still mining on that chain and confirming blocks. What some projects to though is they distribute it manually, give you a deadline and if you miss that it is over. That is disgusting in my eyes.

shogun47

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Quote from: v3liana on May 10, 2021, 05:28:53 PM

Nah i think thats pure your mistake, when you invested on something you need to check about the news Daily. I think it only took not more than 5 minute to check about that news like that you can just go into their telegram channel, next time you should be more carefull about something like this.

To say the least this is an exaggeration. Even if you buy a house or an apartment that you rent out what is the likelihood that you check it on a daily basis? Nobody usually does that. I see your point as crypto is changing gears so fast based on most recent news, but I stick to the fact that a swap should never lead to you losing your investment.

nicecrypto

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Quote from: Vaskiy on May 10, 2021, 06:28:56 PM

Whenever you make an investment on anything it is a must to follow their announcement thread or else the telegram channel. Now you can try to contact the support team, if you're lucky you'll get your investment back through the swapping. Many people have done this mistake, and this is all because of being careless with their holdings.

True and I believe it is unwise to totally not follow up on what the news is for the crypto projects that you are holding because if I can guess right, most time before swaps, this information must have been put out for weeks and month some times by the project owners and for this to happen was that it was totally neglected for too long.

midaslordes

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Quote from: Looper_U on April 28, 2021, 04:28:33 AM

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 also experienced this kind of situation when I handled a token swace(SWA) then I told myself to hodl it long termly then get back atleast a year sadly when I go back to look on the development and progress of swace token they change their token symbol and contract address from being SWA to SWACE. Now because of this experienced I totally learned that keep in touch with your hodlings time to time to be updated.

Adreman23

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Actually it is npxs not nxps. Anyway you always need to monitor daily the news channel of crypto you are holding e.g their telegram channel, or discord to keep you updated about whats going on about the project. Sometimes our telegram account flooded with many telegram groups and channels of different crypto projects and it make us distracted or confused. But telegram has a feature of adding chat folder. You can add only important channels/groups on that folder you want and not missed important announcements.

Xinarae*

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Quote from: Atang Sulaeman on May 10, 2021, 10:18:40 PM

Not only these two points, many other bitcoins also exchange or change contracts and as a result, some have increased in price and some have even fallen until there is no price. multiply research every altvoin that we have.

Yes, the market is always changing so you have to try to know the updated information of the market. If the market is not analyzed properly it is not possible to know when the price of a currency is changing. Currencies like bitcoin and ethereum are good for long-term investments in the crypto market as we develop bitcoin deals are easy.

HyunBin

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Quote from: Looper_U on April 28, 2021, 04:28:33 AM

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

Lesson learned now that if you want to hodl a token for long term you should still look on the progress and development of it from time to time because there are several reason that the developer consider to make the coin you are hodlings valuable. Just a tip don't uninstall your telegram to get updated as well as visit their official website time to time to be updated.

Gayong88

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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.

Atang Sulaeman

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Not only these two points, many other bitcoins also exchange or change contracts and as a result, some have increased in price and some have even fallen until there is no price. multiply research every altvoin that we have.

Vaskiy

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Whenever you make an investment on anything it is a must to follow their announcement thread or else the telegram channel. Now you can try to contact the support team, if you're lucky you'll get your investment back through the swapping. Many people have done this mistake, and this is all because of being careless with their holdings.

Topic: I hope others will learn from this - page 3. (Read 1908 times)