Topic: How Bitcoin Nearly Bailed Me Out - page 2. (Read 648 times)

I did something similar to this recently. Unfortunately I am not doing great financially neither, I am doing fine thank god, but my nation has such a high inflation right now that people barely survive, so I am good compared to them.

But, I of course need money like any human in the world, even Jeff Bezos wants more money, so me wanting more shouldn't be a shock even though I am not starving or in poverty. I checked my poloniex which I haven't checked in many many years, and I had to try a lot and contact support and many other things, all of which turned out ot be absolutely nothing and had zero in it So not all of these stories end up with a fairly tale ending.

If this thing happens to me, it must not be Bitcoin that I would find but shitcoins, many of which must be airdropped for free. I doubt I would ever find some forgotten Bitcoin. I don't think I'd forget even a small amount of Bitcoin. Why, I made an inventory of all of them and which wallets they are stored. Especially now, I'm not keeping significant amounts of Bitcoin outside my hardware wallet. But, most of all, since I've only got a small amount, every Sat counts.

I have come across similar incident, but the amount isn't that big to make a difference. At some critical situation I searched and recovered $50. By that time it was really helpful, and myself too had the recovery seed in the form of screenshot. As different users mentioned it isn't good to have our recovery seed in the form of screenshot, but that was the easy way to have it stored in a separate folder than copying it on a notepad.

It's nice as you State it, and again bitcoin can give hope when some body is hopeless or lost hope totally, thing is that have coin that you saved and remember the seed phrase of the wallet. But i want to correct you if incase this your post is something you frame to have merit.no system that allows screen shot of seed phrase, when you screenshot the system will tell you that you can't screenshot from this platform, the only we do is to write it out or you snap it with camera with another system, with the two things i notice I'm not confidently believing that this is a live story

Unfortunately, I don't have one, I only have my wallet now and I'm grateful for that. But it is true that Bitcoin really helps us. 

Btw, is true that all members said here, that it is risky to save your seeds screenshots on your mobile phone. because once the phone was lost or broken, it means that the data is also lost and we can lose our assets. I remember how I lose some asset because I save some data on my mobile phone. and don't have any backup on the printing

First of all I'm very happy for you! Second, I hope you now saved the seed somewhere else and deleted the screenshot. Third, your story reminded me when I was a kid a I would find a few dollars in a winter jacket or in a pair of jeans, but at the same time it's also an indication of how things change, now even this kind of "surprises" are digital 

This is impressive op having a forgotten wallet that has good amount of Bitcoin which you couldn't remember since. This is one of the advantages of keeping your seed phrase safe from third parties. I see it safe to keep your Bitcoin in a wallet that you have access to the seed phrase than exchanges that could close your account and embezzle the fund that is there. Almost similar case had happened to me when I forgot that I had a good amount 9f Bitcoin in my Wallet.

You are totally talking shit because your post is totally irrelevant or doesnt really connect on what OP had been talking about.Its not about trading and experience but rather on having access on old wallets you do

have and going back to the topic then i dont experience this one since i havent able to engage into bitcoin on to those early years which you could possibly able to make huge money if you had bought cheap
into those days.

Its really that regrettable or having those kind of stress and being annoyed if you do really mind off on how you do miss out that big opportunity.

In general, many often have problems when working with bitcoin. And most often this is due to the fact that traders simply do not have enough experience.

Ahh, yeah the old is gold stuff. I know that and it has happened with me too. Many times we create different wallets, through simple sites like bitcoin dot org and end up with private and public keys with us. I have used it few times before I sat up proper wallet for me. But missed the printed copies many times and found it while doing the house chores. I know that’s really casual approach for it but since then I have proper wallet and cold storage wallet so that I won’t miss my coins like this.

You're still lucky that you never lost your screenshot and still access your old wallet. But never be confident in just doing a screenshot just to keep your seeds. Always be responsible in making it more safe by transferring that data to a more secure device which cannot be access by anyone of your family or friends. Or better yet withraw your bitcoin and store it in a hard wallet which i think will make your bitcoins safe from all sorts of scamming that will steal your bitcoins.

Wow that's a relief!  You're just one of those who successfully retrieve their old wallet with bitcoin in it, luckily you still have that seed screenshot. But maybe you're putting your seed phrase in danger when you are just keeping it in your gallery and that some friends of yours may accidentally open it. So have it store in a very safe place wherein you're the only one who can access it. Do it now before you lost your bitcoin and feel sorry for it.

First and foremost, I did love to point this out, keeping or storing  wallet seed phrase in the form a screenshot saved on your phone gallery is the most crazy and the most negligent way of keeping your wallet safe from hackers and exploiters, and thank God you added "crazy" at the end of the sentence, as that shows you really know its crazy.
This kind of negligence shouldn't be practiced under no circumstances, no matter how in a hurry you are to get things done, when it comes to creating a wallet, please slow down, calm down and do this properly to avoid future loss or losses.

This has happened to me earlier this year, though not with bitcoin but with Ethereum, if I could remember, it was back in 2017, when I decided to take break from crypto, I left a little above 0.09 eth (which I used for transaction fees) in one of my wallets, when I returned back to crypto in 2020, I created new wallets and abandoned all the old wallets, I had totally forgotten I had over 0 09 eth somewhere.
It was one day I was just going through all the seed phrases of wallets I've ever created in my crypto journey, then the thought came to me "what if there's funds in one of this wallets?", so then I decided to import those wallets one after the other and on this very one, 0.09 eth which I believe was worth less than $20 usd when I left it was now worth over $300 usd, I was so happy, it felt like money picked on the street, it was super exciting and the feeling was out of this world, and this happened in a time I was facing some serious financial difficulties.

Bitcoin or cryptocurrencies have made me determine that which is of the most importance with regards to the keys or seed phrases and how to keep them save. Screenshoting my private keys isn't one of the best methods or strategy towards that. Although, my devices might be sole to me and I entertain a high level of privacy towards how its handled but, you never can completely tell what could go wrong at the least minute. Hence, I don't have my keys or seed phrase anywhere on any electronic device even.

You must be someone that isn't about regular switch of devices or give attention to much advancement in technology as per phones. Or perhaps, you just keep adding to your collection. Either ways, you were lucky to have hot your seeds in your phone, not deleted, uncompromised and it reminded safe still. That's nice but either ways, you have to mind the way you handle your wallet and begin to see cryptocurrencies or bitcoin as important as it is and not something you neglect, only to pick up where you left off.

Btc bailed you out halfway through even though not up to the entire funds you are looking for. Good thing you still had the screenshot of you keys in your device, you never know how an old waller with little sat in it can make a difference now.
I had a similar experience long ago, I had btc in my old wallet that ignore because the value was small..... then btc price pumped to 20k and my small btc price was high I couldn't believe it, it was a good feeling.

If you are a kind of person who do keep things and dont easily throw off something important even you do miss or stop on dealing with it and move into the next then once the time you do encounter it again then its

impossible that you won't really be able to remember those things especially if you do know that you have some considerable amount then for sure you would tend to remember everything since it might be a life changing
kind of situation or something that you could buy that you do want with that amount.

Luck does really play a role for these kind of circumstances on which whether those keys are still intact after all the years you've been ignoring or rejecting it.

That's really great atleast you now understand is better you have bitcoin and also you have benefited from bitcoin, and am sure you are still going to buy and hold bitcoin again, but next time if you are storing your private key always make sure you don't screenshot it on your phone, make sure you store your private key in a place that's not connected to the internet for security purpose. Anything can happen to your mobile phone, anybody can have access to your mobile phone and they can easily steal your private key and your wallet address will be compromised. So learn to secure your private key offline.

Of course, it is possible that there are such cases, but people who were involved in Bitcoin in its early days most likely wouldn't keep their seed phrase on their phones. Think about it: if you had significant funds invested in some assets, would you take a screenshot with your mobile phone and completely forget about it for years? I find it hard to imagine.

Okay, maybe if it's a few hundred dollars, or even a thousand dollars, but that can't be called a life-changing amount.

Yes, the Op might be quite lucky about bitcoin. But somehow someone is still kind enough to compose a story that I don't think is 100% true without proof. You and I can still tell people you have dozens of bitcoins stored in your wallet for a long time without realizing that they have been very valuable and only realized after years. LOL

Of course I'm not asking the OP to prove the story is true, but I just agree that bitcoin is something that has benefited all long term holders so far. About that story, there is a good lesson to be learned and it is about keeping assets and wallets safe when one owns any amount of bitcoin.

Equivalent to 1 year's salary at work? it may be quite a large amount if calculated in the duration of 1 year. Can reach $ 10K depending on how much salary in a month. Indeed, the incident of saving seeds using screenshots is almost felt by everyone, including me because it may be a simple method. But again backing it up in someplace will really help us someday. Whether it's stored on your cellphone or computer, or in a notebook, it will be very important if you disassemble it at any time.