Dead Coins - What are they & What happened?
What is a dead coin?
Anyone that is familiar with the Crypto Community has at least heard about "dead" coins.
Maybe you've been a part of a community that had truly believed in the future of the currency.
Maybe you've been an early investor, turned unfortunate bag holder.
Whatever the case, there are a number of factors that determine what a "dead" coin is.
These are commonly coins that:
- Have lost all or enough popularity to become nearly worthless.
- Have very low or no market cap.
- Have no trading volume
- Have no nodes running
- Have an inactive community
- Have been de-listed from all exchanges
If any coin falls into 4 or more of these categories, chances are it is a "dead" coin.
A more appropriate term to use for these circumstances would be dormant.
The reason: a "dead" coin is not really dead, at least not permanently. "Dead" coins can be revived. A new community, dev team, function and/or re-listing at exchanges can breathe new life into any crypto currency.
If you did happen to end up as a bag holder for an unfortunate coin, don't go deleting your wallet.dat just yet! With a mix of luck, effort and innovation. Any currency can become what it once was and more.
Part of the beauty of decentralized currencies is there is no central body dictating that coins either have worth or are worthless. There will always be a chance for come back even for those old Lucky's and 42's out there (even if it's a slim one).
On that note, the more work one puts into anything. The more reward you will see.
So if you buy and forget and hope that things will happen, chances are they wont.
BUT if you start getting a ball rolling (even a small one) it can snowball quickly into something much bigger.