Will You Support Or Have You Supported A Coin That Makes A Comeback - page 5.

lobat999

sr. member

Activity: 1078

Merit: 310

Quote from: robelneo on October 24, 2019, 05:00:46 AM

I have the feeling that they want to take over it, so they can dump their bags because they don't have to create from the scratch, it's already listed in the Coinmarketcap, a lot of articles about the coin/token are still alive and there are exchange that still not delisting the token, all they have to do it to make promising announcement about the new take over team and voila it will soon have a buy order and they can dump their bags.

That scenario is more likely to happen especially if the project don't have any significant features or technology to offer to the crypto-community and is just a copy pasted fork from a previous project.

Unfortunately, many people have fallen prey to these kinds of tactics even before the advent of ICO's.

Kvalentine

member

Activity: 504

Merit: 25

I have no reason to trust such coin anymore once it was dead, as per my experience with resurrected coins they still perform worse and i can't help but keep asking myself why they are been created in the first place, no real use case or working product and that is what course the death in the first place

Kersh768

sr. member

Activity: 658

Merit: 256

Freshdice.com

Quote from: robelneo on October 24, 2019, 04:25:41 AM

We have thousands of coins in the market right now, and thousands of them are dead coins do you have a coin that you've supported than turn dead and making a comeback, and will you support a coin that you've invested and become a dead coin and making a comeback.
mine was Xtrabyte it becomes a deadcoin, but adopted by a new developer and it becomes profitable.

I have trust with the coins I'm holding such as XRP, LTC, BTC, and the likes along with other coins having prices close to zero. These coins are not yet dead but the decrease on its market value from the previous year is enough for me to sell it already but I choose not to. I have witnessed what happened before, when the market value of cryptos were very low and when the prices are at their peak. I am well aware of the cryptos' true nature. This made me stick with the plan of holding until the prices recover.

CryptoBry

sr. member

Activity: 1008

Merit: 355

Quote from: robelneo on October 24, 2019, 04:25:41 AM

We have thousands of coins in the market right now, and thousands of them are dead coins do you have a coin that you've supported than turn dead and making a comeback, and will you support a coin that you've invested and become a dead coin and making a comeback.
mine was Xtrabyte it becomes a deadcoin, but adopted by a new developer and it becomes profitable.

This is my first time to be aware of that development in Xtrabyte...sadly I think I already lost that coin somewhere in an exchange I could not anymore pinpoint. Anyway, I am happy to see that Xtrabyte is given a deserving new life am sure that many hodlers are happy right now. Yes, I would not have any problem with a coin that is looking for another chance and I think we should encourage dead coins to either resurrect their projects and do the Second Coming or look for another group that can be interested to revive the said coin for the sake of those who believed in the project in the first place. In fact, the second time around can even be sweeter and more fulfilling, just to rephrase a popular saying.

Bonwin

member

Activity: 798

Merit: 38

Thanks @OP. That is what I have always wanted to experience with the coins in my wallets, even though their token sale events were successful, yet they seem to be dead now and were not even listed on exchange before they became dead, except that they were traded on DEX for some times. If they eventually comeback, I will support them and if they turn out to yield good results, I will be glad.

rmhuntley

sr. member

Activity: 980

Merit: 255

HALA MADRID

It seems I will not do it, because in my opinion supporting dead coins in the market for pumping is very risky. We must be careful with the market, a group of people might play with this type of coin. I have a decent coin to sell in my wallet, a few days ago the price was at the pump but only temporarily and now there seems to be no sign of going up anymore.

robelneo

legendary

Activity: 3416

Merit: 1225

Quote from: DaMut on October 24, 2019, 04:47:43 AM

I had once supported a coin named peercoin, it was a dead coin and someone took over it. It gave me a profit, the price went up from a few litoshis into a few satoshis.
after a series of a pump and promises, someone from the team dumped a lot of coins on the market and abandoned it. That was the last time I supported a take over project, even though someone else took over it again. I have lost my interest in supporting that kind of project because I keep have a feeling the team will do the same thing again when the market rises.

I have the feeling that they want to take over it, so they can dump their bags because they don't have to create from the scratch, it's already listed in the Coinmarketcap, a lot of articles about the coin/token are still alive and there are exchange that still not delisting the token, all they have to do it to make promising announcement about the new take over team and voila it will soon have a buy order and they can dump their bags.

lobat999

sr. member

Activity: 1078

Merit: 310

It depends on the situation as we have to consider many factors before we support an inactive project again.

First and foremost, we have to find out if the there is a need to continue the project along with its unique innovations and technologies not found in other projects.

Secondly, we have to ascertain the capability and integrity of the developers or the core team that will takeover the project and also find out if they are dead serious on that endeavor because if they are not committed enough, the project will most likely fail in the long run.

Lastly, we should find out if there are sufficient supporters backing up the idea of a takeover and further development of the coin because I believe that a project without community or supporters is also bound to fail.

I think these are the basic questions that we need to answer first before we decide to support such kinds of projects. Imho.

DaMut

sr. member

Activity: 1274

Merit: 263

I had once supported a coin named peercoin, it was a dead coin and someone took over it. It gave me a profit, the price went up from a few litoshis into a few satoshis.
after a series of a pump and promises, someone from the team dumped a lot of coins on the market and abandoned it. That was the last time I supported a take over project, even though someone else took over it again. I have lost my interest in supporting that kind of project because I keep have a feeling the team will do the same thing again when the market rises.

SamboNZ

sr. member

Activity: 1064

Merit: 253

Reddcoin when i was active it was trading at 8 satoshi and people were calling it a dead shitcoin because the value plummeted to 1 satoshi. Didnt knew that it would one of the profitable coins during the bullrun.

robelneo

legendary

Activity: 3416

Merit: 1225

We have thousands of coins in the market right now, and thousands of them are dead coins do you have a coin that you've supported than turn dead and making a comeback, and will you support a coin that you've invested and become a dead coin and making a comeback.
mine was Xtrabyte it becomes a deadcoin, but adopted by a new developer and it becomes profitable.

Topic: Will You Support Or Have You Supported A Coin That Makes A Comeback - page 5. (Read 550 times)