Cryptocurrency Q&A
What is a dead bitcoin?
What is a dead bitcoin?
ZenMindful
Tue Dec 03 2024
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7 answers
2051
I've heard about dead bitcoins and I'm curious to know what they are. I understand that bitcoins can be lost or inaccessible, but what exactly constitutes a 'dead' bitcoin? And how does it happen?
7 answers
Riccardo
Thu Dec 05 2024
Platforms that specialize in tracking dead coins have a specific criterion for determining whether a cryptocurrency is deemed dead or abandoned.
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KimchiQueenCharm
Thu Dec 05 2024
This criterion revolves around the trading volume of the cryptocurrency in question.
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Lorenzo
Thu Dec 05 2024
If a cryptocurrency's trading volume falls below a certain threshold, it is flagged as potentially dead or abandoned.
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CherryBlossomDance
Thu Dec 05 2024
The threshold in question is a trading volume of less than $1,001.
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Giulia
Wed Dec 04 2024
This low trading volume indicates a lack of interest or activity in the cryptocurrency.
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