Topic: Another wallet key lost. - page 3. (Read 562 times)
That’s a big mistake and even if you want to help him you can’t because he should be the one to know his keys unfortunately, he didn’t do his part. Lesson learned to him, a costly mistake but tell him not to give up because he can start over again. No matter what kind of your cryptowallet always set a backup and always save your keys for a situation like this.
What? Oh, that was a great lost because of the said money that was involved. Although, this should serve as a warning to everyone who has not yet backup their personal information concerning their respective wallets. After this post, I will ensure I backup all my personal wallets information before proceeds to posting again ~~~i won't forgive myself of any mistake that will cause me such a huge amount of money in the name of carelessly.
How long ago did your friend collect his bitcoins? And why did he neglect to keep them safe? Is he just a superficial person or a fool ?
Sounds like a fool guy, even if he is a newbie he should care about his fund first, newbies I came across always ask if the wallet can get hacked first so I reply them to keep their private key or recovery seed safe to avoid stolen fund
I'm sorry for you. This is a very bad situation, I had a similar situation with the wallet of waves. After that, I started keeping a few copies of the documents with passwords. But on the other hand, it will be a very valuable lesson for you and you will not make such mistakes in the future.
your friend must be a noob on crypto because he dont know what are those seeds and private keys but there should be a sign that says " you need to copy those seeds writtern before you continue " and he could be lazy to skip that or he just only lost it but what if you click on forgot password and other recovery stuff such email and via call/sms on phone? isnt that possible to some wallet ? because on the current wallet that i use , i can easily request access if ever if forgot my login credentials .
How long ago did your friend collect his bitcoins? And why did he neglect to keep them safe? Is he just a superficial person or a fool ?
Sounds like a fool guy, even if he is a newbie he should care about his fund first, newbies I came across always ask if the wallet can get hacked first so I reply them to keep their private key or recovery seed safe to avoid stolen fund
Many thinks once they set up a wallet on phone there is no need to write out the keys or phrase since the phone will always be in their possession but its wrong, any thing can happen at any time, your phone might get stolen or ruined beyond repair, always write out your private keys or recovery phrases just in case
Now, think of that and multiply that with 1000x because in reality there is a lot of money gone that will never return. And I mean in millions because when bitcoin first started not many people assumed it would be this big and they didn't took care of their money very well and now they can't get it back.
On top of that, there are places that literally do not have the access to their cold storage which assumed bankrupted companies but the money is still there, just can't be reached, which is why everyone assumes that money totally gone. Out of 18 million bitcoin in existence, it is estimated that over 1 million of it is inaccessible right now. That scarcity is great for us, this means 640 dollars more is removed from the market all together which makes bitcoin worth more (even a tiny fraction).
On top of that, there are places that literally do not have the access to their cold storage which assumed bankrupted companies but the money is still there, just can't be reached, which is why everyone assumes that money totally gone. Out of 18 million bitcoin in existence, it is estimated that over 1 million of it is inaccessible right now. That scarcity is great for us, this means 640 dollars more is removed from the market all together which makes bitcoin worth more (even a tiny fraction).
If it is an android wallet, there may be some way even without his recovery phrase. You can try to help him out and do various ways like contacting the support of the wallet. There are some cases like this before and some of them actually get their money back.
The carelessness or mistake of your friend who accidentally deleted the wallet application with a considerable balance is an event that should not have happened, if your friend made a backup to restore the wallet.
Did you warn your friend from the beginning to create a wallet to backup the installed wallet?
Wallet that does not have a recovery code will not be able to reopen and no one will.
I've also experienced the same thing, but the balance of the Altcoin token which the price is pretty good too.
This needs to be an example of learning for anyone, to always back up the recovery code for any wallet, so that they will still have access to manage it.
Feel sorry for your friend for losing the bitcoin he has accumulated with his hard work, but cannot be accessed because of his carelessness.
Did you warn your friend from the beginning to create a wallet to backup the installed wallet?
Wallet that does not have a recovery code will not be able to reopen and no one will.
I've also experienced the same thing, but the balance of the Altcoin token which the price is pretty good too.
This needs to be an example of learning for anyone, to always back up the recovery code for any wallet, so that they will still have access to manage it.
Feel sorry for your friend for losing the bitcoin he has accumulated with his hard work, but cannot be accessed because of his carelessness.
This is really very tough situation for that newbie, this type of mistake really can't be undone! If he is your friend then motivate him to work hard again to earn double of money and suggest him to buy a hardware wallet and this time he needs to make sure write down the phrase code on a paper.
I personally secure my wallet keys in three different places in offline pc in USB and on paper But remember one more thing never share your keys with your friend or family member and keep your USB and paper in the lock.
That's unfortunate but may I know the name of wallet? Some wallets can be reset by email. I remember something in the previous month Peter Schiff Tweeted https://twitter.com/PeterSchiff/status/1218911797626847234 that he lost his bitcoin because the password is no longer valid but I guess Blockchain wallet replied to his tweet and help him fixed the issue and later on he corrected his mistake on this tweet https://twitter.com/PeterSchiff/status/1220135541330542592 I suggest to contact the support of this particular wallet.
How long ago did your friend collect his bitcoins? And why did he neglect to keep them safe? Is he just a superficial person or a fool ?
Even if he reinstalled the waller again he won't have access to his fund again unless its web wallets like freewallet or Xapo that only needs email and password to login, what a waste, that bitcoin can easily grow bigger in few months time
Which Android wallet was it.?
The problem with the crypto community is there are no concrete baby stepping websites to make newbies to follow in their early days. Education is a must issue right now to control these type of bad luck's from happening.
If the wallet files are still on the device then there may be some hope that it can be recovered otherwise tell your friend to forget about it.
The problem with the crypto community is there are no concrete baby stepping websites to make newbies to follow in their early days. Education is a must issue right now to control these type of bad luck's from happening.
If the wallet files are still on the device then there may be some hope that it can be recovered otherwise tell your friend to forget about it.
This is why we insist people first get knowledge on how bitcoin works before investing in it, but no one wants to learn from experience bitcoinist but want to just open wallet and buy bitcoin and benefit from the booming market. It's a case of carelessness. He should be thought the working principles of cryptocurrency.
Yesterday someone I knew uninstalled his wallet from his android phone mistakenly and he told me to help him recover his wallet but guess what? he did not write out the wallet recovery phrase, the wallet consist of 640$ worth of bitcoin, he was broken, felt pity for him, how can someone not take recovery seed serious? that's what came out of my mouth, Really I felt pity for him because he went through a lot to gather that bitcoin, people need to start taking wallet keys or phrases very serious, newbies should please understand that without these keys you lose your money, time and energy
If its an android app its ok as long as you didn't uninstall the application you use or never reformat your phone it will not gone as long its continue running. But for real security of your asset you need to save all important things because its your money involve.That is right, that should be the first thing that you need to educate yourself. I'm sure that the OP's friend knew it first hand, but he didn't take it seriously resulting in a massive lost on his part. And with Bitcoin's price going to five digits again, I'm sure that he regret what he had done prior and after.
It's impossible to brute force it, I can feel your sentiment to his friends, but we can't do anything at this point but to shake our heads for his simply but costly mistakes.
Yesterday someone I knew uninstalled his wallet from his android phone mistakenly and he told me to help him recover his wallet but guess what? he did not write out the wallet recovery phrase, the wallet consist of 640$ worth of bitcoin, he was broken, felt pity for him, how can someone not take recovery seed serious? that's what came out of my mouth, Really I felt pity for him because he went through a lot to gather that bitcoin, people need to start taking wallet keys or phrases very serious, newbies should please understand that without these keys you lose your money, time and energy
If your friend uninstalled it, I doubt that he can recover his money, so sorry for his lost.
I guess we have the same question, that's a lot of money how come he didn't take care of it? Of course, that is the first thing to do if you wanted to involved yourself in crypto, learn and understand how to protect your assets, like your passwords, seeds, recovery phrases.
It is an expensive lessons to learn, and I do hope that next time, he will take care of everything.
And this is why I have written my wallet seed phrases and private keys (ETH) in 2 pieces of paper.
One is in the care of my wife. (which really takes care of papers that I handed to her)
And another to me in my stash of important things and passwords included.
Literally a piece of paper. People nowadays just want to save it in phones and computers but not me.
Old style is still the safest.
One is in the care of my wife. (which really takes care of papers that I handed to her)
And another to me in my stash of important things and passwords included.
Literally a piece of paper. People nowadays just want to save it in phones and computers but not me.
Old style is still the safest.
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