Topic: Day i have lost my 100 bitcoins - page 3. (Read 976 times)

I completely agree with you, if we had the opportunity to own 100BTC like OP at that time, I also believe that not too many people would be able to hold it today. Because the future is unpredictable.

We're not in that situation so we can't blame the OP for being careless or stupid. OP is not the first person to lose bitcoins or there are many people who sold their bitcoins for very cheap prices. But many investors who have just joined bitcoin in the past few years think they are smart and criticize these people mercilessly. They claim that, if they knew bitcoin at the time, they would have held and not sold any bitcoin, LOL.

I mean no one actually expected for Bitcoin to be so valuable when in was made in the past year, it was just some new technology that we see, Most of the people that bought that time for sure weren't really expecting that the market price of Bitcoin is going to exceed up to 70k$ I really doubt that they hold until now because they know and believed on it, I believed most of this people are just lucky enough somehow maybe they just forget about it and then probably see it again when the market started to increase its market price. Most of them for sure already sold a huge amount of their Bitcoin or worse sold it all already when the market increased probably when 20k$ I guess.

In the first place for sure, we should be mindful of all of our things, it was probably difficult to keep all of the stuff, I mean for years, personally the flash drive that I owned a long time ago I didn't really know where it is today, and I already lose it I think, probably because I just doesnt know its value right, we just tend to not give enough importance to it especially if it wasn't really that valuable to was. That time this flash drive was lost Bitcoin wasn't really a thing I guess so it's easy to overlook this thing, but I guess it would be a good thing if you are someone that is very meticulous to your things, my mom was likethat, his things that she own is still working until these days.

Alot of people have lost so many Bitcoin as a result of carelessness. just because they got it from the earliest time so it was so much of a value back then that is why it was lost in the first place. I cannot blame op or any other in this kind of situation because Bitcoin was a paradigm shift and from that perspective it be valued from the beginning because it a new invention, and perhaps for OP this drive have been in the house for a long time now but as soon as he needs it, he can't find it. I usually have this kind situation at home where I will keep something and when the importance comes it won't be seen any where. its just frustrating.

Once again Op sorry for such a be loss, I wouldn't imagine being in your situation.

The problem is that at that time, bitcoin is just some hobby that you forgot about and I probably would've done the same thing as you with that flash drive, I mean if you don't got a utility at the moment for something, you'll almost always going to end up discarding them, that's how it goes with things like this so make sure that if you want to keep something, make sure that you're not keeping it just for the sake of keeping it, you need to have a purpose for keeping that in thing in your person, right now or in the present, if that doesn't satisfy those categories, discard it. There's also the possibility that you might not even be able to open it since it's abandoned and there's the possibility that it's probably obsolete and that it's damaged by the elements that you're probably going to see that it wouldn't be working anymore. Oh well, I guess another 100 bitcoin is gone and down into the abyss thus increasing the value of it even more, thank you for your involuntary sacrifice OP.

well, if you go back in time, before bitcoin had the high price it has today, not many people realized that bitcoin was a big thing. Many people are like you, have bitcoin, and forget about it. Most people in the past were just trying to have one.
However, I'm sorry about this. However, this is a very valuable lesson for us to always pay attention to what we have and take good care of it. Place management is also very necessary. So, I think being patient and continuing to move forward is the wise path to take

The values of bitcoins then and now is different, it will really pain when targets are not triggered. We can easily spot out the gigantic price. The lucky stars shined upon few people and the successfully  withdraw points. 100 bitcoins, you're a multi-billionaire in dollars and this would just settled everything in life. The incident will be awful because that's huge loss in the market. Currently, there are measures to follow in the market. Those who were able to bagged bitcoin when they're cheap can be driving their dream car by now.

Similar to the mentioned incident, it is possible to see a good number of users losing access to their wallets, which have a good amount of bitcoin. People never thought of bitcoin reaching this high, and the same makes them go careless. When the price has reached its peak, people start looking for the wallet and try to remember the recovery phrase. Some people were lucky to recover the wallet with the backup, but the majority lost it. So, we need to be careful when handling anything, despite the value it holds.

Hate to break it to you but that’s $7M you lost there. I can’t imagine how it feels for you living and knowing that you have $7M somewhere but you just can’t access it. Though I believe that you wouldn’t just hold it till now if you had access to it the whole time. You’d probably sell when you saw even 10,000% increase. Anyways, it’s sad but you have to start from scratch. DCA will help you over the years, and bitcoin will definitely be worth a lot more.

Buddy, it sounds so strange how can you ignore such a big amount for a very long time just like it is a piece of cake. I have checked the date of registration of your account and you have written text that "BTC TRADER SINCE 2010" which shows that you should have a good amount of knowledge about it. Now who knows where is your amount now maybe it is compromised due to old technology or some other reason. Your one mistake and you have done with your total amount.

Now there is no way you can access your amount back it is crypto space and in this world, we have to stay up to date about our holding assets. Technology has updated a lot which can provide a way good security to your holding assets but there is always a threat in the holder's mind that is their amount is safe or not because hackers are also updating their scamming techniques with the passage of time looking at the recent technology. But I feel bad about your loss. From the next time stay safe and up to date never consider your holding a piece of cake because your holdings are worth it for you. Thanks!

Everyone always learns a moral from their carelessness, greed, and other things that can cause them to regret their actions. Since you said that you don't remember having Bitcoin in that wallet, you would have at least kept the key to the USB safe, knowing fully well that it could be important one day. So many people have usually come up with this kind of story, like how they forgot they had Bitcoin on a centralized exchange for a long period of time or how they sold their 100th Bitcoin when the price was still very low. Some stories are not true, but even if they are fictional, some of us who are careless about our important properties should be careful to keep safe their documents and every bit of information they might find in useful the future. 

What type of investor will buy a whole 100 bitcoin and forget about it just like that, I don't think this is a rela story, because even though you bought the bitcoin when the price was a few cent, I still will be important for you since at that point what attract most investment is the beauty of the technology.

And in few months to year from the early days, bitcoin began to gain some massive traction which caught the attention of many that should be forgotten just like that, between you have t9 remember something if you really hard those bitcoin way back.

It's possible that my friend because he was early acquainted with bitcoin so he had a lot at that time the price of bitcoin was still cheap and worthless, 3 years ago maybe he remembers it's just not found until now the USB or he just expressed now on the forum about losing 100 bitcoin.

If OP saved bitcoins from 2010 isn't the first wallet bitcoin core which has no seed phrase and only .dat file and password needed?

He probably thought bitcoin would not go up like it is now so he was careless to keep the USB anywhere in a random place, people like him are always there because of the negligence of worthless items in the past.

Wuen things don't have a worth we don't seem to give much meticulous care about them simply because their value isn't at the time worth the care it need given, and this was the case with bitcoin many years ago that a lot of people had to lose their funds invested in bitcoin because they can't recall when or where they last saw or kept their hard wallet or stored their wallet seed phrase. I think the moral lesson here should be, "when  something is said to be a promising asset in the future put in effort to safe keep it as you don't know what the future value of such asset can be". Look at all those that had their wallet's intact till today, they are now the whales we are referring too on each bitcoin market discussion.

100 Bitcoin, that's $6.8M Bitcoin we are talking about here. If I'm in your shoe and Bitcoin experience a bull run, I wouldn't be able to eat because that's a life changing money right there. However, looking at how Bitcoin has had its up and down, don't you think you might sell some or sold during the last bullrun, just saying.

I think situation made you not take the USB so serious, if it was a hardware wallet you bought for like $50 in 2010, you would have handle it with proper care and not put it anywhere but a USB key should be less than a dollar in 2010. More lesson for people who are just coming to buy Bitcoin now at this price, in 14 years from now, these post will be use as reference how people some people has loss access to their Bitcoin.

I also think that if you have use Bitcoin core with some private keys back then and properly backup, it might have save you when you loss the USB key but I still don't blame you because this was when Bitcoin hasn't get much attention.

Op If you don't have a backup of your recovery key or lost your wallet USB it's an unbelievable loss. if someone is using a hardware wallet and loses the device which stores the hardware wallet then it's also dangerous. The value of 100btc is very loud and you didn't have now collect 100btc because the price of btc is approx 70k$ plus. I don't blame you for losing your money becaassoas on as nobody believes Bitcoin would go to 73k$ bume people care about your key and wallet. We should take care of private keys because not your key, not your wallet you only reach the asset when you have backup keys. We should learn lession from the past mistakes and avoid in future take care of private keys and wallets.

100 Bitcoins stored on an old USB means you bought around 2013, right?

Don't know if this story is made up or valid if this is the case then sadly, if only that old USB had met you a millionaire friend now.
Still what is lost will not be easy to find again until whenever because you have ignored security first, maybe bitcoin was worthless but now it is an important asset in your life.

I keep the item safe, because I know there are assets there and no one knows to keep it.
I am quite careful with items that have bitcoin, will remain guarded and paid attention to.

If thats true you must be a trilonare right now. I also have same experience woth you. I store million of IOTA coin in laptop and sometime become a node. Also I have some POS Maternode coin in my laptop. Someday my laptop got heat and some part need to replace, but after replaced i got blue screen.

In that timeline MIOTA and my other coin still have low value, and the most problem is coin development seems struggle, and no progress. so I install my laptop to new system without backup it, because i dont think coins will grow in the future.

Bitcoin wallet keys should be kept very carefully by you. The things you neglect are the ones you need more. You may not be able to recover it. After that private keys are used to gain access to bitcoin addresses and sign transactions, which must be kept secure. Using services like bitcoin paper wallet can create a paper wallet with less risk of loss if written in the diary.

That's a lot of money that you lost. Having that be put in a USB and lost it just makes it even worse. You shouldn't be forgetting how you created your wallet because it's going to be your savior. Maybe you have written it or something.

I remember the story about the dude trying to find his old hard drive in a garbage dump or something.

If this story is true, then this is truly a terrible thing that he has had to endure for so many years. How can you say he won't be sad? We're not in OP's situation so we can't know, it is such a huge loss that no words can describe it. At current prices, that 100BTC is worth 7 million USD, who among us can earn that amount? A lesson so valuable that we will never be able to earn that money back in our lives. I see this as more of a warning than a lesson for all bitcoin investors to be extremely careful in storing their bitcoins.