Topic: Something you don't have to forget - page 3. (Read 679 times)

You are right talking digging out the feelings of everyone who had failed to invest on Bitcoin when it was newly introduced and those who had a short-time patient that disposed their wallets simply because the value of the assets where poorly unacceptable.
Yeah. But I can also sense it that you are tactically asking is to adopt other crypto coins without undermining its Poor values.
Not a bad one at all for all we strives for is making the money. The fast increments and advancements  of Bitcoin to today comparing to those years past should leave us all who expects the price to go lower before they could invest that they should invest before another regrets comes else another regrettable time would come again for the categories of persons.

Investing in altcoins are a gamble and not a guarantee investment like Bitcoin. Your post is trying to compare altcoins with Bitcoin which is very wrong as they're in no way alike. Most altcoins will end up not existing in the next 5 years but Bitcoin will be trading and still very popular because it controls the whole industry and has years of trust from the community. Don't hold altcoins in expectation of having similar success to Bitcoin as you'll end up more disappointed than you'll actually hit the jackpot with one. Altcoin are good for speculation and if you invest in them get rid of them before they start been worthless.

Every bull market, new altcoins get launched and there's no guarantee that they'll be around when the next bull market comes. Altcoin survive on hype so when that's not coming any longer, they'll stop giving profits and start declining. If you have any altcoin make sure you take profits before they start losing value but Bitcoin should be held because we'll only have 21 million supply of Bitcoin and soon it won't be this cheap any longer as we have more institutional investors coming into the industry with their large bank accounts to get a fair share of the market.

Security on the other hand is very essential in the industry because without been security cautious, you'll lose your investment very often to scammers as they're numerous in number waiting on their next victim to defraud. Learn to use only non custodial open source wallets that you're guarantee full control of your Bitcoin in your wallet and don't store your coins on exchanges.

I would even be very surprised if you missed the opportunity to buy bitcoin at a price below $500 at that time. Of course - many people missed their chance and maybe they started regretting it after getting the fact that bitcoin actually hit $69K in 2021.

I heard a lot of stories about how people sold their bitcoin at low prices in late December 2014 to January 2015 - but they were really surprised that in just 2 years bitcoin hit a huge ATH in late 2017. That's just a piece of the story I've heard - but there are many other things that have happened before and they have decorated Bitcoin's journey to date. One of the biggest and celebrated stories till now is 10,000 btc for pizza.

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Losing your private key or anything else that means you can no longer access your wallet is something very unexpected. Bitcoin used to have no value and it may be true that some people are not interested in keeping their wallets and keys safe - but now bitcoin is the most sought after investment asset.

Until people don't believe in crypto and Bitcoin, they won't see the potential it gives to us, they will still ignore it. This is why even though the name of Bitcoin has been spread globally only a few people got interested in knowing it more because of the negative news spread as well.
In fact, we never expected the price of Bitcoin will reach this price and hit ATH and this is what gives us holders the courage to invest more and appreciate Bitcoin. Our experience helps us understand and see how valuable is this project not just in terms of investment but the future of the currency system.

I'm not as lucky as you. The keys to my wallets that I took part in in airdrops or bounties are no longer there, actually they weren't thrown away on purpose, it's just that I was careless when saving them so I can't access them anymore. Understandably, in the past I didn't care about wallet keys, let alone wallets with coins that had no value at all, and this is one of my regrets now.

Currently, many are well educated about crypto wallets, both BTC and Altcoin wallets. Never throw it away, whether you have assets or not, because one day the wallet will be useful for us. As happened with the eth wallet which once held an airdrop with the condition that you had to use the old eth wallet. This is just a small example. Not to mention old coins that used to have no price, but a few years later they have a price.

Many failed to think that Bitcoin will surge like this so they taken Bitcoin for granted but now many are expecting that Bitcoin will continuously uptrend but never forget that the opposite might happen.  Bitcoin future is still uncertain, I am also one of the believer of that even though I am a supporter of Bitcoin.


Historic event cannot predict the future.  There are huge companies that has been on the pinnacle of success eventually shut down.  I am not spreading FUD but just some reality check that Bitcoin is still highly volatile and anything can happen in a matter of one night.

The loss of bitcoins due to a lost access devices is indeed a contributing factor to the overall scarcity of bitcoins in circulation. With a finite supply of 21 million bitcoins, every bitcoin that is lost effectively reduces the total number of available bitcoins, making the remaining ones more valuable.

The loss of a significant amount of bitcoins, because a smaller circulating supply can lead to increased demand, which in turn can drive up the price of bitcoin. the long-term holding of bitcoins by investors further reduces the amount of bitcoins available for trading, contributing to the scarcity dynamic. This behavior is often driven by the belief that bitcoin has the potential to appreciate significantly in value over time.

OP, in real sense it is very difficult for anyone to continue to hold on to what he or she doesn't believe, when bitcoin come into existence people never believe that it is real, to me, this is normal, you dont expect some to just jump into something just like that, but in all there are set of people in this life that want to see the end of everything they started and those are the people that have benefited so far in bitcoin today, if bitcoin had showed much success as it is today I think many people would have been much in it today, but it is normal for anything that has potential to grow over time, in the aspect of losing password or seed phrase back then, this was as a result of negligence and less concern due to lack of patience and less trust.

Sometimes what happens is that something becomes important and it's not easy to lose it when we think it's extraordinary and truly valuable. But on the contrary, when we think it's not important, it doesn't even mean anything or it's just something we accidentally got and in the end we If we never consider it, sometimes we will forget it more easily, or in other words, we will not have high aspirations to keep it well. Likewise, what happened to several people who owned Bitcoin in the past, where the price of Bitcoin was still very small and was considered completely worthless. And in the end they only realized that after many years Bitcoin could finally be as successful and accepted as this.

It's true, whatever we have, no matter how small, can be big someday. Whether in terms of value or anything else. But what is certain is that even if it turns out that the Bitcoin has been lost because access to it no longer exists, it will be a valuable lesson so that in the future you will be more careful in storing anything. Now is not the time to regret but to start again with what you once had.

People not knowing where bitcoin will be in the next decay is what actually build bitcoin to where it is right now, because if everyone have known what it will be like everyone could have rushed and save up lot of bitcoin as possible as they could and they will will not bother to sell their bitcoin holding which could have limited the amount of transactions and circulation that could have been happening around the network.

No body would be ready to sell their holdings everyone will be willing and looking for means to buy more, just like the way the market is now, no one know where the price will be in the next decay that’s why most people are still selling and taking home small profits, which people will also use today price as reference in future for those who miss to buy it now.

Many people lose their passwords because they believe bitcoin will not gain value and they do not value it in their life, but now that bitcoin has increased in price I don't think anyone will forget his private key when he invests in Bitcoin because everyone understands the value of it. Let's say the people who lost their passwords will be regretting now because they should have become rich now, and some people who knew about bitcoin before will be regretting now because they did not invest on it because they believed bitcoin would not gain value.

People who haven't invested in bitcoin should do so now because it's the perfect moment to do so since the price can rise at any time and you'll be disappointed if you don't because I believe bitcoin's value will rise higher in the next 3 to 5 years because how am seeing is increase gradually.

Regardless of expectations of how many bitcoins we want to get now depends on what we do because if it's just hoping and regretting the time that has long been wasted when not in bitcoin now there will be no point because that time does not repeat itself, but certainly at this time the focus is on how we do for the future because if you remember the past it will not be repeated so we only focus on investing in the present and the future how steps we have to take and what strategies we will do to bring bitcoin as much as we can into portopolio.
As for the security of the wallet or seed it is the first step and I think if we really seriously want to be in bitcoin such an important thing will not be forgotten. The problem that occurs is not about forgetting but our inaccuracy in storing the seed wallet that we have because in the end there are several disasters that occur because we are too careless in storing seed phrases in any place that this invites many robbers who are ready to attack us when we are careless.

Not all people expected its value to be as high as it have reached. Being in regret won't do us any good if such thing happened on your end. There are several stories which showed how low its potential have been assumed. Remember the guy who boight pizza using Bitcoin? that's one. But if we would base on real time, we cannot blame them from being ignorant of their bitcoin holdings. Same idea goes with people not buying or investing when Bitcoin reached $20k market value before it reached its ATH. We are all afraid to lose money which pushes us either away or towards this technology. And with giving importance of private keys? that's a bare minimum and that is simply being irresponsible losing them simply because you cannot see the potential of it being profitable.

as early as 2015 there were already scams and casinos and exchanges that also shut down all of a sudden and many of those early believers lost their coins. because the value is just not so big, they were just giving away coins.

i wasn't here it yet but i have read people were joining faucets which giveaway 5 BTC each time. if they only knew the price could go as high as $69K, they wouldn't be doing it. 1 BTC today is already one man's life savings.

At the beginning, when Bitcoin was too cheap and wasn't popular, investors weren't very serious with their wallets. Hence, they forgot about their wallet, and when they noticed the current position of Bitcoin, they woke up. But unfortunately, a few of them totally forgot about their wallet credentials. I have seen many cases where people can't remember the apps or wallet names where they stored their bitcoin. But time has changed now, and we are very careful with our wallet credentials. Because the Bitcoin price is too high now and is still growing. So we must take care of our wallets to avoid big losses that we can't afford right now.

One of the great upsides of this is that all those people who forgot or can't access their coins basically took some bitcoins out of the market, creating scarcity and that means we have a lot less bitcoin. The biggest example would be 1 million for satoshi, and there are probably millions more, and there are millions that are being held as well and not sold, for long term holding. This creates a very tiny amount of bitcoin compared to general how much there is, that is in the market. So when there is this little amount in the market, we all trade the same coins back and forth, and this demand/supply balance is getting shifted towards demand over supply, when all these people forget their access.

This is how things work OP. You can not expect everyone to follow the same path. There will always be people who will create their own path or take an entirely different path. Only a few of them will stick to the original path and see it through the end. Also, the crypto market is uncertain and no one knows what the future holds for it. So it is normal for people to sell their share of holding whenever they see the opportunity. Hodling is the key to success no doubt but it is also important to realize when an opportunity is knocking at your door.

Do not marry your wallet. Learn to let go when there's an opportunity. Don't think about the past. You can't go back and change the history. The more you think about it the more regret you will feel. Instead, focus on what you can do right now to change the future. You are getting the asset equivalent to what you are paying. Focus on increasing that. Don't ruin your present and future by thinking about your past.

Yeah I would agree that bitcoin is unique in this type of way.  We really see this over in the collectibles board section where people will come looking to sell their physical bitcoins, such as Casascius coins that were gifted to them many years ago when bitcoin was worth very little.  They often have very poorly taken care of coins, which certainly hurts the value.  Same goes for hardware wallets/paper wallets etc..as you mentioned so many people just don't take care of things how they should.  I would say after as much success as bitcoin has had these past few years, this will become less and less of a thing.

Those that loss their BTC in the past are those that failed to write their seeds phrase down because, the moment you have your personal details on ground,  no matter how long you have access to your wallet, the moment you enter your password in your wallet, you will have access to your coins again. Now that the price of BTC has risen to $38k ,there are some people will still regret why they didn't know BTC now because, they didn't want to acquire knowledge of BTC so that they will know that in 5 years to come the price will increase double for people like you to regret why you did not buy when the price was $38k.

If you have the money to buy BTC now, do everything possible to buy it now because the price will increase higher in 10 years to come to attract many people to invest in BTC to know how important it is to humanity.

You are right that keeping your wallet and password secure is extremely important. Losing your password can lead to loss of access to valuable assets, and this applies not only to Bitcoin, but also to other cryptocurrencies. Many people have become wealthy in recent years due to the rise in value of Bitcoin and other coins, and it is important to take care of your own keys and passwords to ensure the safety of your investments. It is important to always have a Plan B for any loss of password or keys.