Have you lost btc at some point of the time ? What is your story

noormcs5

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Quote from: AakZaki on September 12, 2020, 02:20:25 PM

Experience about losing Bitcoin assets is definitely there, everyone's story and experience will be different. I've been following several shitcoin investments that tricked me and I deposited some bitcoins in exchange for the shitcoins they made. some time waiting for the investment is not clear and even the official website is untraceable and is gone. The experience of following a shitcoin investment scam like this is a new lesson for me to be more careful in choosing the right investment. I always do research so I don't fall victim to fake investments anymore.

I did not lost my bitcoins by investing ins some ponzi scheme etc but i lost them through trading with altcoins. Even though i researched a lot before trading but still my many trades ended up in a loss due to bear market.

eXPHorizon

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My story is that i want my Coins from Mt. Gox back. It is a must , i wanna get them back or Buy them back at the Stolen Value point.

AlexPr0

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To my delight, I did not have this, but my friend was not lucky. He had about $ 50 in btc on his blockchain wallet. And somehow they just evaporated. They went to a strange address, where there were still different transfers and about 5 people left cometaries there, that he also stole the cue ball from them. My friend did not understand how this happened, since the rest of the private currency remained intact

AakZaki

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Experience about losing Bitcoin assets is definitely there, everyone's story and experience will be different. I've been following several shitcoin investments that tricked me and I deposited some bitcoins in exchange for the shitcoins they made. some time waiting for the investment is not clear and even the official website is untraceable and is gone. The experience of following a shitcoin investment scam like this is a new lesson for me to be more careful in choosing the right investment. I always do research so I don't fall victim to fake investments anymore.

SquirrelJulietGarden

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My story is I lost my money because I don't back up my seed for by bitcoin wallet on blockchain.com.

I made another stupid loss when I did not write down my password for my altcoin wallet. I did not write it down because back at those days, I logged in that wallet everyday so I did not see reasons to write the password down. After that, price is down and I was tired, not log in wallet everyday. In fact I did not log in after 2 or 3 moths. When I came back, I forgot the password and can not get it back from my memory.

I know altcoin is shit from that lesson and the more stupid is that wallet still has values about 0.05 BTC. It is altcoin loss but can be converted to BTC.

From 2 losses, I learn to:
- Back up seed.
- Back up passwords.

plr

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You did not mentioned carelessness sending to your other address you don''t have access anymore and investing in scam projects, I loss my Bitcoin on these two it's a big lesson for me to always check and double check the address where you are going to send before hitting the send button and investing in scam projects, just lucky that the amount is not that huge to cause depression, but this things can happen to anyone.

posi

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I believed it logical to lost Bitcoin at some point but I have lost BTC twice and it all happened in the same year (2016). The first situation happened through MMM Japan which is crypto investment and the Second is an investment Roi site where people are to buy contract using BTC and do some tasks to make good reward have forgotten the company name though but all this situation are what increase my knowledge in spotting out scam projects.

decodx

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Quote from: pooya87 on September 10, 2020, 10:44:46 PM

there were those cloud mining services that didn't take that last step and simply shut down their business like cex.io mining farm back in 2015.

I am very sorry that I did not know about cryptocurrencies at the time when such cluod mining platforms existed. They look very attractive to small investors. It is a pity that today 99% of such projects end up as scams.

Quote from: ?? on ??

i am not copied them but sign up on about almost 100 diferent web sites over time i must change my identity in credentials i use maybe to instal some master pasword aplication but dont know how secure there are.

As far as I know, that is not your private key but the public key or BTC address. There is no security risk of entering that address in various places as long as your private key is secure.
Although, the general consensus is to generate new addresses for each new transaction. Most wallets today work that way.

Alucard1

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I was a victim of this fake website crypto-pandemic.ltd before when I was a beginner. They offer to double your money for only 24 hours, so as a beginner, I became really interested in it because of thinking that I could earn a lot of money when I invest my money here. Without hesitation I invest 0.001 BTC I waited for 24 hours but nothing happens, it doesn't make me doubt on it because fake or scam website is not really familiar to me, I waited again for another day, almost 5 days of waiting and nothing still happen. So I ask my good friend about it, he said that it is a scam because there is no legit investment website that will double your money for only 24 hours.

I am really disappointed at that time because as a beginner that amount of money is already big for me but it already happened and there's no way for me to recover my lost money. I already learned my lesson and I won't trust those kinds of offers again.

GDragon

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I lost some coins when I was starting cause I jumped right away into trading and the platform I used is a local wallet, coinsph to be exact. It wasn't profitable cause you'll lose some in that local wallet, its just unfair compared to using other trading platform. I was also not patient cause I've realized I'm losing coins so much each day, I decided to get it back so I lose some of what I invest. So it's my first lost.

This taught me a lot, and even its just a few coins compared to other users here, it makes me understand what it means to be knowledgeable. I've gone through many research, read so many articles, opinions, watched a lot of youtube technical analysis, and etc. I've realize to use another platform when it comes to trading, at the same time, learning the whole bitcoin itself.

Sometimes you need to lose before you learn, but its possible to avoid my mistake too, by researching before even trying. Its just because at that time, I'm so excited what bitcoin can really offer with its, volatility and such. That's when I understand this currency, by actually trying to use it.

Salauddin1994

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I haven’t lost any BTC yet but there are some people who lose everything to them due to lack of adequate knowledge. At work their personal information is provided on each site and the password keys are not secure. This problem is more common in newcomers. That's why you need to keep your passwords secure to keep your BTC safe and keep backup files no matter what site you work on.

vapourminer

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what is this "brake pedal" you speak of?

Quote from: ?? on ??

Quote from: vapourminer on September 10, 2020, 07:26:52 PM

ive lost many due to my own stupidity over the many years.. testing new wallets without understanding them enough, not having copies of seeds, having a couple paper wallets deteriorate, not maintaining proper backups.

best masterpasw application is old paper notebook and ink pencil .

the typical paper notebook is pretty low quality paper. ink blurs and washes out. use high quality archive paper and pencil (doesnt wash out typically) or permanent marker (test it 1st companies seem to differ on whats "permanent").

better: stamped high melting point metal of some sort.

jademaxsuy

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Yes, I have lost bitcoin after selling it at low price due to panic selling when bitcoin market crashes on late of 2019. I thougt it was going for a bull run as I was getting HYIP in speculations that made me decide to invest more. However, it was not and the result of that investment was devastating. If only I learn to hold and control my emotions then I could still possibly had the coins and even earn a bit on it now. That was one of the hard lesson to learn including the networking scam that I was been into scam too. So sad that it happen to myself but then again I am still wanting a comeback to get back the losses in a better way of achieving it.

Oshosondy

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Quote from: Oshosondy on June 21, 2020, 03:55:47 AM

I believe this could be helpful for some people here on this forum as I falled into shitcoin trap. I could not believe I can lose my whole fund in just a little time and I want to use this forum to advice the newbies to be careful of shitcoins. I hope you all know how dumped price can wreck the funds of people that invested in such coin.

The coin was METP, I invested at the price of $0.0004 some weeks ago, but the coin is now at $0.000002, I invested $100 and it has now vanished, I do not even have $1 remaining again and it was a lost that really depressed me.

Recently, I checked the price since when it was launched in 2019, it was $0.01245, it has been fallen since after even till now, if I has first analysed the coin, I will not not fall into the trap, but I have no idea about analyses at the time.

I will advice people to analyse market and the coin that want to be used to trade or invest before buying such coin because some coins are just existing to take away your money before it becomes fully dumped.

I really lost from this coin called Metaprediction. From that time till now, I no longer invest on any coin below first 50 on coinmarketcap.

finaleshot2016

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I guess most of us already lost of bitcoins due to lack of knowledge at the beginning. Only few lucky people who manage to survive in the early stage without losing any assets.

I invested a lot of time, effort and money on giveaways during my early days of cryptocurrency and manage to save 0.1 bitcoins but it turns into a scam. That's the time where the value of bitcoin is low and it's not yet popular in the public.

That's the reason why you need to gain knowledge before enterting a complex thing like cryptocurrency because you don't know what will happen to you. Well, that experience will serve as a lesson for me to not trust any platforms and should always observe and investigate the legitimacy of it.

Coyster

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My story is a somewhat happy one, before ever earning any amount of Bitcoin I already was a member of this forum, and I'm an individual that's always ready to follow legitimate instructions. So I knew early that coins are better offline (either hw wallet or a cold storage in another device), I never downloaded wallets from any source other than the official website, my seeds were always safely written down, I didn't talk to people about my btc and all the modus operandi of scammers I knew by reading the posts of others. I was enthused and scared with the notion of being my own bank, so I had no option but to inculcate the btc principles in me.

That being said, I already had a strong Bitcoin background through this forum before I started accumulating, and that's why till date I haven't lost any of my Bitcoin asset to scammers. I wanted to try out trading at one point, but learning it takes good amount of knowledge to do so, I chose to rather invest whilst I study how to trade (which I'm still doing); my only losses in cryptocurrencies btw have come with buying some shitcoins with my money (I've never traded my Bitcoin for shitcoins) and they turned dead coins.

pooya87

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Quote from: decodx on September 10, 2020, 03:08:31 AM

Is cloud mining even a thing today? I can't even imagine a legitimate cloud mining project without it being some kind of ponzi scheme.

yes it is still a thing that scammers use to make money from gullible newcomers.

theoretically cloud mining makes sense to sell the hashrate one has in small increments and use the funds to expand the operation and share the profit with the "investors". but in reality they always end up not making enough profit or even losing some money and to increase their profitability they start selling fake hashrate (aka turn into Ponzi).
of course legitimate ones existed before. there were those cloud mining services that didn't take that last step and simply shut down their business like cex.io mining farm back in 2015.

vapourminer

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what is this "brake pedal" you speak of?

ive lost many due to my own stupidity over the many years.. testing new wallets without understanding them enough, not having copies of seeds, having a couple paper wallets deteriorate, not maintaining proper backups.

do your homework.

taufik123

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Quote from: ?? on ??

At this moment all my wallets are empty and becouse i am safe but i leave my private keys on about 100 places which are mostly uchecked.My state of wallet will change in some time i thinking to format everithing and change all important private keys for a start.Is there scams in which scamers plant a bag somwhere inside wallet for later use?

why put the peivate key in 100 places? it would be very risky to be hacked with multiple copies in various places. While it makes it easier for you not to lose your private key, it is also more dangerous because of too many copies. I copied the private key in only 2 places online and offline. I also prioritize online private key security, by providing password protection to be able to access it, it will be safer than using 100 different places.

taufik123

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When I started to join this forum and got to know cryptocurrency, there were a number of events that made me lose some of my assets such as downloading a fake wallet which made my bitcoins disappear, but only in small amounts. I've also been stuck on a phishing wallet website and stupidly, I entered my private key, but the assets that were lost were only a few coins that I got from the bounty I was working on.

Many experiences of losing bitcoin assets and other assets when I was on this forum. several events made me more alert and careful so that there was no incident of losing the assets that I had collected. Currently there are many scammer attempts to steal someone's assets very easily by taking advantage of the owner's negligence. Everything can be a phishing website, malware, fake wallets, shitcoin investments etc.

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