Since the first time bitcoin has a value, lot of people have lost their money or their bitcoin by various accident. Sometimes they just fall into scams, some are just fail to manage their wallet. Most of all is a human error. Now, you can break the chain of problems by learning from the old stories.
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https://www.cnbc.com/2021/01/15/uk-man-makes-last-ditch-effort-to-recover-lost-bitcoin-hard-drive.html -
https://www.cbc.ca/radio/asithappens/as-it-happens-friday-edition-1.5875363/this-man-owns-321m-in-bitcoin-but-he-can-t-access-it-because-he-lost-his-password-1.5875366-
https://www.ledger.com/hack-flasback-the-mt-gox-hack-the-most-iconic-exchange-hack-
https://www.cointracker.io/blog/how-a-farmer-lost-100000-bitcoins-
https://www.independent.co.uk/voices/romance-scam-police-bitcoin-fraud-coronavirus-pandemic-b1801549.html-
https://www.bbc.com/news/uk-england-devon-51205126 (Bitcoin fraud victim, 75, loses £11k in life savings)
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https://www.coindesk.com/dumb-mistakes-costly-bitcoin-lossesgoogle it for more stories.
Understanding the role of human error in losing bitcoinBuying and storing bitcoin means you have to deal with all responsibilities to keep your bitcoin secure. it's just like your paper money on your leather wallet, if you can't keep it safe at your pocket most likely you will lose your money or your wallet. If you are new to this section, make sure you read all the pin threads in this section. Its provide anything you need to know to store your bitcoin and choose your first wallet.
One thing that everyone said after the wallet intalled is, never ever share your private key, password, passphrase etc. All you can share is only your wallet address to receipt a bitcoin payment.
Backup your wallet
Why you need to backup your wallet? we are human, familiar with mistakes. It's maybe you forgot your wallet password, you broke or lost your devices, etc.
Copy backup file and keep it secure.
Write down your seeds to a paper and store it in a place where you store your important or secret stuff.
Clean devices.
Make sure your device is clean and always like that before and after (it means forever) installing wallet. Keep your device secure and
be your own anti virus.
Beware of a phising sites when you surfing the internet within your devices. This article will tell you more about phising
https://www.keepnetlabs.com/crypto-phishing-techniques/Transfering bitcoin
You may sent your money almost everyday through your bank account. It works the same way to bank transfer, bitcoin just eliminates the third party which is the bank. So it needs your effort to secure your transactions.
- always double check the recipient's wallet address
- everytime you want to copy paste the address, always remember this thread
How to lose your Bitcoins with CTRL-C CTRL-VInvesting
We're all have our own greed. Control your greed, and you will be safe. Million dollars has been sent to the scammers. Something like investment programs who are lure of giving high or even unreasonable rewards makes people fall to these scam investment. How to know if it scam or not? "As everybody has told me:
if it sounds too good to be true, it probably is."
Always do your own research, don't invest on something just because someone said it's good. Being critical is needed when you have to deal with money.
If you think someone on twitter is legit to manage your bitcoin or they hypnotize you to send your btc, just check the address!
Websites to check bitcoin transactions or addresses from scammers.
The total Bitcoins lost is about 20% of the total BTC in circulation, due to these human error.
However, your bitcoin is your own responsibility. You can't blame other people for your lost. All you need to start your safe way is don't be lazy to read and learn. I am not trying to be expert here, this is just the way i remind my self.
Learn something more technical
PGP Signature - Encrypt/Decrypt message - FingerprintHow to sign a message?!Keep safe.