A coin is officially dead when it's
1) A almost copy or clone or another coin, with just a different name(Like Litecoin is a failed, dead copy/clone of Bitcoin with only a few parameters changed)
2) It had a very disloyal, scam launch, such as Dash did with it's 2million scam instamine
3) It's based off a person who isn't even famous, such as Maxcoin is based off of that nobody Max Keiser
Topic: When does a coin become officially dead? (Read 1891 times)
Dumping very hard. Its all effed up. When no one cares anymore. With that I think you should sell really fast or you will be left with 1 satoshi to sell it. Dont get your hopes up by waiting if someone will pump it. I have experience this. Bought 50k of that alt and left me with nothing. Still my sell is in idle, but I am not hoping anymore. Should just forget about it.
Bitcoin is dead because the original dev abandoned it.
the day it launches, unless it actually brings something new to the table
ofcourse when the coin was launches this day, it would have a value. you cannot launch a coin if it has no value at all. maybe when the coin is not bringing something new to the table. maybe it is no its lilo. just like bitcoin, bitcoin always brings something new or almost everyday there is a new alt coin that is good for bitcoin.
Litecoin is an example of a crypto that's officially dead.
I will say there are several reasons why a coin can be pronounced officially dead and the reason adjudged can make different appeals to different people. I have seen some coins even at Pre-ICO some people have judged it to be a shit coin and most times the coin does not fail to disappoint them for the position so to them as at the point of Pre-ICO, the coin is dead to them.
For me personally, a coin is dead the moment the developer of the founder is no where to be found to give the necessary support and also to provide answers to curiosity of users or potential users, then its finally dead...
For me personally, a coin is dead the moment the developer of the founder is no where to be found to give the necessary support and also to provide answers to curiosity of users or potential users, then its finally dead...
Well, it's not so simple. Hobonickels would have been dead by your definition but it is very much alive and kicking at present.
I guess if there are no active developers then the coin could be said to be 'in limbo'. Lots of coins that are traded today were in this boat at one time or another.
A similar scenario is when there are still developers but they are saying that the coin code needs a total rewrite from scratch or a substantial hard fork that involves a swap at some stage. Like Rise, COVAL and a quite a few others - PIGGY, (Wasn't Gulden one of these as well - and now look at it!).
For what it's worth I don't think that a lack of exchange means a coin is dead. Especially moving forward as chain based exchanges become more usable and ubiquitous. Hopefully this should level out the playing field by avoiding shady tricks played by major exchanges.
if the dev is not take care the coins and not make any update with their coins, then i think that is the time for the coins to be disappear forever. we can see that there is many coins that is ended because for this.
the other sign is when the coins have to be deleted in many exchange and the dev is not taking action about this, then we should have a warning for careful with this coins so we can make other ways to avoid this.
the other sign is when the coins have to be deleted in many exchange and the dev is not taking action about this, then we should have a warning for careful with this coins so we can make other ways to avoid this.
After some replies here (including mine on the first page), what you guys think of a coin that isn't available at all exchange with low trading volume but active in peer to peer transaction? I talking about TBC. Still it was sold and bought via p2p transactions. Do you think it was considered dead since it was not recognized by all exchanges?
I already considered that coins as a scam coin and eventually will become a dead one (hopefully) since many people are being dragged to this coin.
*Want to create about this but decided to post it here since it's related and to avoid unnecessary replies.
I already considered that coins as a scam coin and eventually will become a dead one (hopefully) since many people are being dragged to this coin.
*Want to create about this but decided to post it here since it's related and to avoid unnecessary replies.
I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?
Well at least on this forum for quite some number of people a coin is dead when is slightly worse then their favourite coin. So fro them 99% of coins are dead.
Coin dies when:
technically a coin is dead if there is no one mining it and there is no full node of it available any more.
Several reasons why a coin can be officially dead for me, the moment a coin has gone down to a percentage and the margin between where it was and where it is now is so large, the volume of trading has decreased, developers are no where to be found to give the necessary boost in due time before the coin attains maturity, then the coin is officially dead, it might not worth 40000 satoshis but sooner or later, its going down.
there is nothing called officially in my opinion.
you can call a coin dead for many reasons for example:
Nice explained, in this case I have many dead coins on my yobit wallet. Before I collected them just for fun and I thought that one day maybe they worth a bit more. Now I have a lot of coins that worth 1 satoshi.you can call a coin dead for many reasons for example:
- when the developer gives up on his own project and nobody else is interested in picking up where he left off.
- when the price goes to 1 satoshi and there is no buy orders and nobody is buying from the asks either.
- you can even go as far as calling a coin dead when it is getting dumped real hard down to 1 satoshi
- technically a coin is dead if there is no one mining it and there is no full node of it available any more.
Thanks for nice explanation once again.
Price per 1 satoshi is not as scary as it seems. Also bitcoin market there is still a litecoin market, dogecoin and cheaper. The end comes when the coin stop buying altogether + a broken wallet in the bargain.
Another option when the developer sells the premayn. The dev made a profit and went to do another coin.
All this happens with cheap coins, which are now very much. But they can be seen from the very beginning that this coin for one day.
Another option when the developer sells the premayn. The dev made a profit and went to do another coin.
All this happens with cheap coins, which are now very much. But they can be seen from the very beginning that this coin for one day.
1. When there's no more update from the devs.
2. No more investors interested for the coin.
3. When no one talks about it.
2. No more investors interested for the coin.
3. When no one talks about it.
even if the dev team is gone, if the coin is open sourced, development can still be taken over by interested member
Yes I have seen that happening,but the take over team that is going to do that must have majority of the coins or they can do a hard fork,some dev still maintain majority of the coins,if a new dev take over the coin,they will just help the old dev to make a profit from dumping coins he hoards.
even if the dev team is gone, if the coin is open sourced, development can still be taken over by interested member
I think a coin becomes officially dead when no one is mining the chain, that is what was suppose to happen to the ETC chain but someone continue to mining it, if not the chain would have died
If there is no dev team left or develop any more, it means the coin has no future, it will be bead. Or the people don't trade it, it is delisted from main exchanges, it means dead too.
not as easy as you think about it, it seems you are wrong to create threads and posts, when the coin is officially dead. I think no coins will die in the near future, unless the developer is a crook and leave the coins that they made themselves. so I hope you understand everything that is written in all the posts in this thread has explained each of their own knowledge of it is true.
I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?
I think you will only know if the coins is dead if there no more update in the coins, and the developer is no longer giving any report in the community or their price value also is zero value. That's the time you need to think about it.
A coin is dead when nobody memes about it. That's all altcoins are- memes. If a coin no longer inspires some banter from time to time somewhere in the world, it's donezo. The exception to this rule is if people are actually using the coin for stuff (basically only applies to Bitcoin for a lot of stuff and XMR for drugs).
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