Never buy too much coins because you would eventually forgot gosh - page 15.

longyenthanh

sr. member

Activity: 1221

Merit: 250

Quote from: puremage111 on January 09, 2019, 01:09:12 AM

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember

Im sorry about your loss. If someone decides to keep a large amount of coins, he should also be able to manage them.
One way is to have a spreadsheet with a list of coins and update the information about them at least once a month.

m0Ray

sr. member

Activity: 868

Merit: 251

I'm very sorry for your loss. But I think it's a small amount for you to be able to forget about those coins for such a long time. I thought the rank of Hero on the forum that it means))) just kidding. We're all human and we make mistakes sometimes. Thank you for sharing this information.

Olatunjex

full member

Activity: 1064

Merit: 102

That is true i have also missed swap of some coin but i have learnt from my mistake the problem is not following a channel where first hand information can be gotten like telegram, after my first mistake i have always make sure of following social media of coin i am holding to avoid reoccurrence.

spike420211

sr. member

Activity: 1610

Merit: 372

When you have a lot of coins you harder to manage them. You can skip the listing moment, or swap tokens as the OP did. Therefore, before you buy carefully think about the comfortable number of assets.

rricksu

jr. member

Activity: 182

Merit: 2

Quote from: nlaara12 on January 09, 2019, 01:37:12 AM

I feel have some certain number of coin in your portfolio that you can monitor properly is the best instead of gathering so much that you can not monitor the progress both in the market and with the dev.

Why not just monitor only few coins instead? Or you should have portfolio list in order to monitor all of your holdings in order to avoid a scenario like this in the future.

meldrio1

full member

Activity: 1358

Merit: 100

oh that's a big loss for you, ye we can't monitor one if we have many coins in our wallet we just check the prices of our coins, but we forgot to check the project of the coins if the team still active? perform swap? just like that.

none of us

copper member

Activity: 210

Merit: 0

Quote from: puremage111 on January 09, 2019, 01:09:12 AM

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember

i have not even thought about that. thank you for your hint. i will probably have to monitor my tokens more, which i hold.
but i do not think such a behavior from the ico team is good. you should always have the opportunity to exchange old token, should it come to a swap. only that would be fair to the investors.

Vilagra

full member

Activity: 672

Merit: 109

I think if you buy something you must follow the project that you buy, subscribe on twitter, newsletter or telegram channel and check announcments and you won't be in situation where you have missed the swap.

puremage111

hero member

Activity: 1568

Merit: 511

Quote from: coinswebid on January 09, 2019, 02:19:24 AM

Quote from: puremage111 on January 09, 2019, 01:09:12 AM

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember

sorry to heard about that,,
but that is your fault, remember, if you hold a cryptocurrencies, you should follow the latest news about your crypto my friend
so, you didn't miss the swap period time,
just learn from your experience, because exeperience is the best teacher,

Yeah
I accept the fact because as an investor, you should keep it up with the project you invested
Devs couldn't 24/7 babysit you one by one
So i would just take it as an experience and hope i never do the same mistake again Tongue

Crypto_lion

member

Activity: 630

Merit: 11

NEW MEDICINE:Faster, Safer, Smarter

Yeah that's like the basic rule, only keep coins which you manage and follow the development continuously.Else you might miss out on something like swap or project update and may even forget it on the exchanges .

shirackjs

sr. member

Activity: 812

Merit: 256

Sorry for your loss, it is really difficult to keep track of all news and updates especially if we have many coins. Many people say just buy and forget about the coins for a few years and you will be rich. Like what is mentioned in OP, you can’t forget about your coins in such cases.

galya.crip

jr. member

Activity: 179

Merit: 1

In order to keep track of everything, I have to spend so much time on all this for me personally there is no time to look at everything that is happening full of other things.

nicolas1979

sr. member

Activity: 826

Merit: 252

Quote from: puremage111 on January 09, 2019, 01:09:12 AM

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember

Not a good experience but most people already do that, keep focus in one direction and forget where they came from. I have the same experience but with kick coin, after check and check I lost 0.05 bitcoin. I keep focus with eth because always give me income but I forgot have another asset. Thank you for sharing this and I hope we all can avoid this mistakes. Keep focus but always check history.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: puremage111 on January 09, 2019, 01:09:12 AM

So, as you guys know, most coins will do swap when they perform blockchain upgrades or changing the coins to to a new coin

I just forgot about one of my coins and the swap was ended in the 31st of December
and guess what?

I just lost 0.3 btc because of it
God damn this is so painful

Been holding the coins since 2 year ago in the ICO stage
Never make such mistake guys remember

Ouch, sorry to hear that mate. I guess we can write this as another lessons learn specially for those long term holder to check any updates coming from coins they have been holding for a long time. That's a huge amount to lost to, specially the market condition is getting worst. But appreciate you letting the community know that we really need to track everything on our portfolio and not make the mistakes you had.

hengha

member

Activity: 462

Merit: 10

Everyone makes mistakes, I hope that you can continue to maintain a good investment mentality, and I believe that the wrong trading strategy allows us to learn a lot of trading knowledge.

trauchot

member

Activity: 1764

Merit: 10

That's right, when you have too many tokens in your portfolio, you will not have time to check all the tokens, namely, their price, on which exchange they are trading and make the token swap if necessary, and you will simply lose a lot of money because of it.

agusiska

member

Activity: 630

Merit: 13

if you want to buy some coin, first thing you must do is analize and studying that coin project itself, before youre going to wasted your money, because nowadays is too many scam project out there.

KingDome

jr. member

Activity: 434

Merit: 1

Quote from: StakeFrenzy on January 09, 2019, 02:50:02 AM

OP..
Please check Discord, sent you a message

Soo... Is this the coin you have mentioned in the thread?

Ostonian

full member

Activity: 912

Merit: 100

On the one hand, keeping a lot of altcoins is good. Perhaps some of them will make a profit. On the other hand, most altcoins in the future become garbage and are simply not needed by anyone.

Red-Apple

hero member

Activity: 1470

Merit: 655

i believe that a coin that is like this is not worth investing in first place!
in other words if i see a developer who can't even come up with a good plan for his coin's supply and the future of it with a nice roadmap then it means that developer is no good and his production is even worse.

there are some old and gold projects out there with the developing team having a good plan for their future. you never see any of them do silly things like this!

not to mention that such coins that do swaps and you lose your money are not immutable which is a pretty big deal when it comes to a cryptocurrency.

Topic: Never buy too much coins because you would eventually forgot gosh - page 15. (Read 23285 times)