What happens to... | Bitcointalksearch.org

Blackout1321

newbie

Activity: 98

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Quote from: latetotheparty845 on June 02, 2017, 01:16:07 PM

I was actually asking because I invested a tiny amount into the Let It Ride ICo from last year or whenever, but saw that it was still being traded on YoBit, I believe. But I never transferred my coins out from there to another exchange, kind of forgot about them actually so that's what I'm meaning by dead, the coins may still exist so long as there are people trading it, but since I left mine in there, I can assume they are dead and buried with no option to recover them?

Only if someone is willing to buy them will you be able to sell them. There are people who look to buy dead coins, but it's very far and few in between and it's never a good idea to try to do that.

latetotheparty845

newbie

Activity: 8

Merit: 0

I was actually asking because I invested a tiny amount into the Let It Ride ICo from last year or whenever, but saw that it was still being traded on YoBit, I believe. But I never transferred my coins out from there to another exchange, kind of forgot about them actually so that's what I'm meaning by dead, the coins may still exist so long as there are people trading it, but since I left mine in there, I can assume they are dead and buried with no option to recover them?

Mike Mayor

hero member

Activity: 966

Merit: 535

A coin doesn't need to be part of an ico to die. It can die regardless. Also dead coins are not always dead. Look at 1337 coin. Died many times. Never fogrt or give up on your coins sometimes months later something can change. Icos are fine but don't sink too much in one too quickly. Sometimes waiting to see how things unfold is the best way ^^

HabBear

hero member

Activity: 1106

Merit: 638

It would depend on what "dies" means. The ICO could lose support in the market and the value of the coins fall to fractions of a dollar/euro but if the coin still exists, if transactions are still possible it's not dead. We say jumps of Doge and then watched fall back to incredibly low values and now it's being boosted back up. But, Doge (to my knowledge) wasn't released as many ICOs are today.

Which coin are you talking about? Specifics will generate better answers.

Blackout1321

newbie

Activity: 98

Merit: 0

Quote from: latetotheparty845 on June 02, 2017, 07:57:19 AM

When you invest in a project like an ICO and it dies, and you still had your coins/tokens on their site with them, your holding dies with it too? I wasn't sure if there were things like transfer agents they went to like in more regulated markets but I do t think there are, but figured I would ask here and see if I could get an answer. Thank you!

Quite positive if the ICO dies, the currency dies. It's high risk, high reward so there wouldn't be anyway to obtain and value back for the currency unless it actually gets traded and you get out before it hits 0.

latetotheparty845

newbie

Activity: 8

Merit: 0

When you invest in a project like an ICO and it dies, and you still had your coins/tokens on their site with them, your holding dies with it too? I wasn't sure if there were things like transfer agents they went to like in more regulated markets but I do t think there are, but figured I would ask here and see if I could get an answer. Thank you!

Topic: What happens to... (Read 445 times)