I hope others will learn from this - page 7.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: daenarys_stormborn on May 04, 2021, 03:00:35 PM

this happens to a lot of people who holding without paying attention to news about the development of their coins, and most old coins can be swapped to new coins, you should look for info about these coins first, usually I will look for info on the offcial coin telegram and ask the admin in charge

Usually those who don't have initiatives to check for the updates are the one who suffer from this, before and foremost you should research everything first before you participate investing with certain assets.

Many of those who unable to swap their coins forget about checking the site and see what are the developments inside.

The team mostly provide announcement and following them from time to time is more healthier with your invesment, you can
move and decide accordingly if you fully understand and you are really updated with any actions that the developing are up to.

daenarys_stormborn

full member

Activity: 756

Merit: 100

this happens to a lot of people who holding without paying attention to news about the development of their coins, and most old coins can be swapped to new coins, you should look for info about these coins first, usually I will look for info on the offcial coin telegram and ask the admin in charge

Bitstar_coin

hero member

Activity: 2408

Merit: 693

SecureShift.io | Crypto-Exchange

Some people have a habit of not keeping up with updates relating to their investment, i know sometimes the team don't give enough time for this type of information but there is no way the team will not inform the community about an upcoming swap to prepare them and give details how the swap will be carried out, but some investors don't also do their part in following up, they will buy a coin and just disaapear for a long time before coming back, by then a lot has already happened.

Rampagoe004

sr. member

Activity: 1568

Merit: 324

https://duelbits.com/

Then the problem you face I think you have to contact the manager so that you can get back your moozicore, and many projects do so but all followers can get results even though they exchange for new coins, this is the risk if we invest in the long term but we never follow the development of information from the coin.

shogun47

hero member

Activity: 1708

Merit: 553

Play Bitcoin PVP Prediction Game

Quote from: juanda on May 03, 2021, 06:04:24 PM

Quote from: Looper_U on April 28, 2021, 05:28:33 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

You should contact the altcoin development team, because many altcoins are swapping but all old altcoin holders will be given new altcoins at a ratio determined by the team. maybe you didn't contact them or you were late for a swap so you don't have altcoins. because I've experienced this before, but I was given new altcoins after they swapped.

No that is exactly the problem. Most of the teams refuse to exchange those swapped coins after a (mostly way too short) set deadline. That is what I criticize because it has nothing to do with the real world that if a swap happens you can lose your investment just by not paying attention for a while. It's not that the price dropped but a technical requirement and action from your side that you just didn't pay attention to.

Sure you could blame the respective holder, but there might also be investors who are not that familiar with procedures like swaps. They might think they invest once and check it again a quarter later. Another solution must be found for that rather sooner than later.

Princeofpoetry

member

Activity: 686

Merit: 28

PUGG.io

When NXPS is swapped to PUNdiX ,. I don't hold. then the price went up many times. I regret selling it too soon. now the price is down. Aren't some exchange support for swaps? so that the token you mention is automatically swapped to the new altcoins. so it has value

juanda

full member

Activity: 756

Merit: 111

cro.baby

Quote from: Looper_U on April 28, 2021, 05:28:33 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

You should contact the altcoin development team, because many altcoins are swapping but all old altcoin holders will be given new altcoins at a ratio determined by the team. maybe you didn't contact them or you were late for a swap so you don't have altcoins. because I've experienced this before, but I was given new altcoins after they swapped.

chanler

member

Activity: 753

Merit: 15

mulierum.com

it can't be denied that it happens a lot. Even though holding coins is safer than others, we also need to be alert and continue to watch the crypto market so we can know the movements of the crypto market. It's also important to hold coins that do have good prospects for the future

TopT3ns

hero member

Activity: 2548

Merit: 572

#SWGT CERTIK Audited

That's the weakness of tokens, tokens can never be used as a safe long-term investment, if you want to save them for the future and don't need to look at exchanges again then you can buy coins that already have their own network such as bitcoin, ethereum or BNB. so it is unlikely that it will swap again.

Falconer

legendary

Activity: 2506

Merit: 1125

Quote from: Looper_U on April 28, 2021, 05:28:33 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

Each holder must join the related project discussion group to get every update, I was previously a pundix token holder and my wallet automatically swapped new pundix tokens after the project had a new smart contract. Now pundix is making new tokens again so it's very confusing because we have to follow every swap process differently. I only advise you to contact the team in the telegram group and hope you receive the latest pundix tokens.

Altcoinsintel

member

Activity: 342

Merit: 24

The token swaps into a new contract is just giving you the idea how much of a scam the project is.
It is also worse when it just has a very small window open for holders to make the swap.
It is a practice used 99% by scams that just want to make their shit token more relevant.
I remember this moozicore as having no potential at all, of course they would follow the recipe of swaping to a new contract.

shogun47

hero member

Activity: 1708

Merit: 553

Play Bitcoin PVP Prediction Game

Quote from: Mpamaegbu on May 01, 2021, 03:37:04 AM

Quote from: Looper_U on April 28, 2021, 05:28:33 AM

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

This is why it's advisable to always follow the media handle of any token one hodls. At least, stay in their telegram and Twitter. That way one gets to know the goings on with the project. I once fell victim to this but I have corrected myself. I now have a different approach as I buy and then connect to project's group to feel what the pulse of the project is like. How does one even get to know if a project is going to dump if one doesn't follow them?

However, OP doesn't seem to be losing much with Moozicore (MZG) as the price currently stands abysmally at $0.00098658. To be frank, that token even looks abandoned as the last time it got updated was 22 days ago.

Not only advisable but seemingly mandatory. The difference is that in a stock market there is nothing you have to do when a stock split happens. It is automatically done by the portfolio manager or your bank. It should be the same in crypto if possible.

If someone isn't deeply into crypto but wants to get invested, that someone might have no idea about swaps and all the other terminology that is out there. Now you come and say that person shouldn't invest. Nah, we want people get involved right? So those of us who have an idea, at least a better than others should push for procedures that make it easier for others to understand and being able to follow up.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: Looper_U on April 28, 2021, 05:28:33 AM

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

This is why it's advisable to always follow the media handle of any token one hodls. At least, stay in their telegram and Twitter. That way one gets to know the goings on with the project. I once fell victim to this but I have corrected myself. I now have a different approach as I buy and then connect to project's group to feel what the pulse of the project is like. How does one even get to know if a project is going to dump if one doesn't follow them?

However, OP doesn't seem to be losing much with Moozicore (MZG) as the price currently stands abysmally at $0.00098658. To be frank, that token even looks abandoned as the last time it got updated was 22 days ago.

SistaFista

sr. member

Activity: 1638

Merit: 251

Hexhash.xyz

Quote from: XUR_TIP on April 29, 2021, 01:11:11 AM

Next time download blockfolio app and add every coins and tokens you have in the app for tracking, you will know their worth or value and so be up to date with whatever the project teams are planning, this is why blockfolio app is highly recommended, you won't miss a single update

Using tracker like blockfolio along won't help if we don't get any information about the project progress.
Token/coin swap is the most crucial event for investor because we could lose our coin/token if we missed the swap.

shogun47

hero member

Activity: 1708

Merit: 553

Play Bitcoin PVP Prediction Game

Quote from: lienfaye on April 30, 2021, 03:18:33 AM

Quote from: Looper_U on April 28, 2021, 05:28:33 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

It happened to me, good thing I open their telegram channel out of the blue and saw the swap. The reason why my tokens are not became useless, in fact I already sell it last february.

Thats why its a must to follow the social media sites of the coins/tokens you hold for updates and progress. Tokens can turn to shitcoins especially if they have no real use case, its quite risky. Hence much better to invest on well-established coins so you dont need to worry that it might delisted on exchanges and worse become useless.

Maybe the developers could create more coins during the swap and put it into a trusted fund with a large multi signature requirement. Perhaps signatures from extremely trusted members on this forum. Those who miss deadline and come late have to pay a commission to those providing the multisignature services.

That way you don't have those issues with these absurdly short timelines that some people simply miss and then just lose their coins.

I would rather pay 10% commission than losing it all just because some developer decides I am late and now am left behind with empty hands.

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: Looper_U on April 28, 2021, 05:28:33 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

It happened to me, good thing I open their telegram channel out of the blue and saw the swap. The reason why my tokens are not became useless, in fact I already sell it last february.

Thats why its a must to follow the social media sites of the coins/tokens you hold for updates and progress. Tokens can turn to shitcoins especially if they have no real use case, its quite risky. Hence much better to invest on well-established coins so you dont need to worry that it might delisted on exchanges and worse become useless.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

PredX - AI-Powered Prediction Market

Well, it was a bad experience, but it also taught us that we need to check for every update of what we have. Anyway, if something changes like a swab, we'll know. however, if it is too late, the assets that we will hold in the long run will become junk coins. nevertheless, keep an eye on the development of the information on what we hold. because with that you can know whether the coin deserves to be held, or sold.

llecrf

jr. member

Activity: 420

Merit: 1

Quote from: Looper_U on April 28, 2021, 05:28:33 AM

_snip_

I suggest you to add an informational notification from the official telegram of the project, I have seen the latest information about PundiX and I think some exchanges have provided information about it, never miss any information on the coins you hold, because from there you will get a chance to get more profit

LogitechMouse

legendary

Activity: 2520

Merit: 1040

Catalog Websites

Quote from: Looper_U on April 28, 2021, 05:28:33 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'm not familiar about MZI (possible that is a shitcoin) but I'm familiar with NPXS and I tried to buy it before the swap but I made a last minute decision not to.

If I remember correctly, there is a specific timeframe of swapping these tokens although there are some that gives the holders unlimited time to swap most of them just sets a specific time frame where the holders can swap it. Maybe there is a mistake of the developers with their ruling but as a token holder, you must be updated on what is going into the project. Why did you bought the token at first place if you will just store it and will not be updated. Its the mistake of the OP too not monitoring and not updating himself with the token he is holding.

Now for those token holders out there, be updated with the token that you are holding. Join their telegram and discord groups to get updated so that your tokens will not be useless.

Jupiter Orbit

newbie

Activity: 6

Merit: 0

Absolutely, I had the same happen to me!

Topic: I hope others will learn from this - page 7. (Read 1893 times)