Peter Schiff Lost His Bitcoin - page 2.

Wind_FURY

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Quote from: 7788bitcoin on January 21, 2020, 04:25:52 AM

Quote from: Wind_FURY on January 21, 2020, 01:58:06 AM

Plus doesn't he manage a fund? I would not want my money being managed by a kind of person who loses passwords, lose funds is result, with no back up and way to recover them.

Peter Schiff is a fund manager and he became famous for his prediction of the financial crises back in 2006, it is difficult for everyone to understand how to keep a basic back up and so is the problem with many, i bet many have no idea about keeping the seed secure let alone a decent good password and for those who are not able to do these basic stuff they should not invest in bitcoin.

But he's wrong about Bitcoin for how many years now? I heard before Bitcoin reached $1,000? Hahaha.

He should stop being so immature, posting FUD about other people's investments. No one attacked him for being a boomer gold bug.

hendra147

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This is one of the human errors in crypto. Bitcoin Asst is decentralized, 100% control and rights are in the holders. But when the holder loses his wallet key, and there is no backup, all assets will be lost. This is the importance of a back up private key. But I found a project that was being developed to back up private keys, phrases, etc. Even when all devices are lost or reset. This app will automatically send a private key that is stored in another app. After some time is not accessed. Infinitus or https://inftech.io/ can be seen at this link.

7788bitcoin

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Quote from: Wind_FURY on January 21, 2020, 01:58:06 AM

Plus doesn't he manage a fund? I would not want my money being managed by a kind of person who loses passwords, lose funds is result, with no back up and way to recover them.

Peter Schiff is a fund manager and he became famous for his prediction of the financial crises back in 2006, it is difficult for everyone to understand how to keep a basic back up and so is the problem with many, i bet many have no idea about keeping the seed secure let alone a decent good password and for those who are not able to do these basic stuff they should not invest in bitcoin.

garyrowe

full member

Activity: 198

Merit: 102

Quote from: pushups44 on January 20, 2020, 08:21:06 AM

According to Cointelegraph, perennial bitcoin bear Peter Schiff has lost his bitcoin due to losing his password:

https://cointelegraph.com/news/peter-schiff-lost-his-bitcoin-claims-owning-crypto-was-a-bad-idea

What are your thoughts?

Peter has always spoken against Bitcoin and this time around he has found another opportunity to riddicle this wonderful gem again. When i saw the tweet yesterday, I laughed. How can a man highly knowledgeable claim that the wallet forgot his password? It only goes to show how desperate he really want to rubbish the spectacular nature of bitcoin. One thing is for sure, Bitcoin always win

50 Cent

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https://twitter.com/PeterSchiff/status/1219278400398880768 Peter Schiff doesn't know how to restore his wallet already. he use blockchain.com wallet. maybe his wallet corrupted. https://github.com/blockchain/My-Wallet-V3/issues/408

NotATether

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bitcoincleanup.com / bitmixlist.org

Quote from: CodyAlfaridzi on January 20, 2020, 08:54:03 AM

Apparently his password is just "a very simple numeric".

Didn't he have the BIP39 seed for that wallet? He could have just written the words on a piece of paper like best practices say. Given that he is very rich and he probably has a lot of personal security, the paper's unlikely to get stolen and he should have just wrote it down. If this is a wallet he manages at home then he could have even wrote down the password too.

Double mistake. He used an easy password and he didn't take care to preserve it.

boyptc

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★Bitvest.io★ Play Plinko or Invest!

Schiff doesn't really have an idea of what bitcoin is. This proves why he keeps on bashing bitcoin and remains to be a bitcoin bear.

He didn't even have the idea how to protect his bitcoins and keeping the password of his wallet.

bitvalak

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SecureShift.io | Crypto-Exchange

The news presented is ambiguous, there is no clarity on how much is missing. Then when does it happen. They only mention loss and there are sentences that corner Bitcoin as a useless asset. To be honest I know that this is an attempt to bring down bitcoin, besides that Schiff is also an anti cryptocurrency. I do not know what underlies he really hates cryptocurrency.

mirrasel

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I was shocked by seeing his tweet even I can't believe!

Wind_FURY

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Quote from: Jet Cash on January 20, 2020, 08:40:01 AM

He's pretty stupid, as he uses the same password for everything. Anyway, I gather one of the Bitcoin YouTubers has recovered it for him.

Wasn't he one of the guys who used to say - if you don't understand it, then don't invest in it.

Plus doesn't he manage a fund? I would not want my money being managed by a kind of person who loses passwords, lose funds is result, with no back up and way to recover them.

imstillthebest

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Quote from: blckhawk on January 20, 2020, 11:36:40 PM

What do you expect from a man that has been skeptic and critic of Bitcoin since from the start? He didn't even set up his own wallet, he seems to not know its basics (saying that "the wallet has forgotten his password"), and now his argument simplified things as "Bitcoin is bad"?

what you mean he didnt set up his wallet ? you mean the story is only made up and he didn really lost his bitcoins ? his so bad because he is a lier .

Quote

He blamed a technology for being bad because of his own mistake. That, to me, makes no sense.

not only him but thats what other people do too . there also people that say bad things to bitcoin but they didnt tried it once . there are those who are skeptical and still tries bitcoin but they end up blaming the wallet , the system , of the bitcoin itself but the real problem is them because they cant catch up .

Pamadar

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Quote from: ?? on ??

He forgot his password I have zero doubt on that. He's trying to blame it as some corruption but I bet it's more like he's confusing it with a different password he used.

His statement coming from those tweets represent how he really trying to drag down he's trying to blame bitcoin wallet forgetting his password.
Maybe to those who are not really interested and have negative view with bitcoin he'll be able to convince them, but to th0se who understand this
system he won't get anyone to trust his claimed.

FanEagle

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I’ve been in this same situation a lot of times, luckily the money I had in those wallets wasn’t much. The first mistake I made was that I created a BITCOIN wallet and I forgot to copy the wallet ID, and unfortunately for me when I was trying to login to my wallet they required me to enter my wallet ID and password. I knew my password but I didn’t have my wallet ID and that’s because I never what wallet ID was and that’s how I lost the money I had in that wallet. So, I created new email address and also used to create another wallet and the same repeated a few times before I realized the mistake I was making and I also didn’t back up those money so there are no backup phrase.

Anyone that’s creating a Bitcoin wallet should make sure that they create a password that is hard for anyone to come up with and easy for them to remember. If you’re trying to create a difficult password and at the end you end up with something you can’t remember, then I’m sorry for you.

blckhawk

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What do you expect from a man that has been skeptic and critic of Bitcoin since from the start? He didn't even set up his own wallet, he seems to not know its basics (saying that "the wallet has forgotten his password"), and now his argument simplified things as "Bitcoin is bad"?

He blamed a technology for being bad because of his own mistake. That, to me, makes no sense.

ragavancoin

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Activity: 1432

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Should have good knowledge about Bitcoin then people doesn't talk like holding Bitcoin is not safe or whatever. Do not mislead because one should be more careful or cautious about his/her private keys or Passwords. Always password should be very stronger save somewhere and lock it.

Bitcoin gave life to so many people it's worth using it and do not blame Bitcoin is not safe to invest. People are having good knowledge knows how important or profitable is investing in bitcoin is. You do not know how to safeguard your keys or Passwords.

terciduk123

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Quote from: pushups44 on January 20, 2020, 08:21:06 AM

According to Cointelegraph, perennial bitcoin bear Peter Schiff has lost his bitcoin due to losing his password:

https://cointelegraph.com/news/peter-schiff-lost-his-bitcoin-claims-owning-crypto-was-a-bad-idea

What are your thoughts?

Peter Schiff said, "I know having Bitcoin is a bad idea, I never realized it was this bad!"
He just tried to make the opinion that owning Bitcoin is not the right choice just because of the password problem which in my opinion is like a charade, but what he said tells us that he is a holder of Bitcoin but does not understand well about Bitcoin.

btc_angela

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He probably didn't take it seriously and then blame the system for his dumbness. And it is well documented that he is anti-bitcoin so what do you expect from him? Pomp offered a helping hand, but we don't know how it turns out to be. The amount here doesn't matter, he just wanted to proved that something is not right with bitcoin, or at least if you're going to invest on it.

Eugenar

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Upon isues concerning lost of funds, many factors arising where we could divide it into two, one is the negligence of the owner, second is the lack of functionalities and security features by the exchange or personal wallet. By the way, I do't really know who is Peter Schiff in the first place, but I think he should have corrected his mistakes if and only if, details he provided is legit and he written all the important details with regards to logging in to his account. On the other hand, exchange or wallet itself should provide support when the person co tacted them whether technical issues occur. Thus, reaching up to the point that this is an entire mistake of the owner.

maxreish

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He did not took bitcoin seriously, if so why such important matters like passwords easily lost like that? It's not reason that he keeps on changing it because of the hackers, if you value bitcoin, notepads or just a pen and paper will do. I don't think it costs a lot or it is that big. If you can see the whole picture, an owner/investor will protect his investment by firstly securing the private keys and passwords.

bittraffic

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Quote from: Aikidoka on January 20, 2020, 01:50:02 PM

That doesn't make sense if the wallet can forget your password! I mean the password that you enter while you creating your wallet it should be stuck there for life if you don't change it, so it's probably a lie or that person called Peter Schiff has changed his wallet's password a while ago and he just forgot that, but due to this problem, people they should be careful about saving their passwords to not forget it in the future.

Because there were so many hacks happening, his paranoia burst out so he kept changing his password everyday. It just happen that he forgot that he changed it 3 times. Right now he will just stick to one password and its "password123". That's the easiest and not very predictable. Understanding blockchain had made him astonished for weeks, so please don't bother him much with nonsense talk about passwords.

Topic: Peter Schiff Lost His Bitcoin - page 2. (Read 641 times)