Something you don't have to forget - page 4.

JunaidAzizi

sr. member

Activity: 658

Merit: 283

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: sotelorene on November 23, 2023, 02:05:33 PM

Most people never knew Bitcoin will be this huge and important because I wish they do everyone would've at least have 10 of it but again there are people who have this Bitcoin but because the value then was not encouraging most people lost their wallet password, am saying this because I know most people do actually lost their wallet password before they heard Bitcoin is now a great coin.
However, what am saying in essence is that whatsoever coin you have or you are mining please keep it safe and don't forget your password very important because you can't and will never recover the password. I believed within a short time most of these coin will have a great value, a value that one of it will change your story.

Well, mate at first look I thought that your post was like others and was less important because many people did the same post but when I read the last part I believed that your post was unique and gave a sign of a very important thing or message that most people do.
People at that time made a very big mistake by not taking interest in Bitcoin and those people who were interested in Bitcoin showed some stupidity and lost their phrase which not only wasted their funds but also Bitcoin. Now from your post, most of persons will recall that situation and how they did such a stupidity and for the present and future they will not do that again and will take it as a lesson.

umbara ardian

sr. member

Activity: 1358

Merit: 259

PredX - AI-Powered Prediction Market

Every new innovation takes time to be accepted by society. Bitcoin is no exception. When it was first introduced in 2009, bitcoin was considered by many to be a scam or a Ponzi scheme. However, over the years, bitcoin has gradually become more widely accepted. Today, bitcoin is used by millions of people worldwide for payments, investments, and storage of value. And I believe that in the coming years bitcoin will continue to gain wider acceptance. Bitcoin prices will likely continue to rise and adoption rates will be high enough to trigger global and large-scale integration of bitcoin into government systems around the world.

Faisal2202

hero member

Activity: 1386

Merit: 513

Payment Gateway Allows Recurring Payments

Quote from: sotelorene on November 23, 2023, 02:05:33 PM

Most people never knew Bitcoin will be this huge and important because I wish they do everyone would've at least have 10 of it but again there are people who have this Bitcoin but because the value then was not encouraging most people lost their wallet password, am saying this because I know most people do actually lost their wallet password before they heard Bitcoin is now a great coin.
However, what am saying in essence is that whatsoever coin you have or you are mining please keep it safe and don't forget your password very important because you can't and will never recover the password. I believed within a short time most of these coin will have a great value, a value that one of it will change your story.

Its a great advice, we all should follow it no matter what the value of the coin you have in your holding, because one of my cousins used to mine BTC, or try to earn BTC when it was new (around 2011 to 2013) he said he and his friend collected a lot of BTC but due to no or lesser profit they abandoned those wallets, even the computers and now they don't even know where would be the seed phrase. I forced him a lot to check your old hard drives but he said they all are corrupted etc. etc.

We should keep our seed phrase safe somewhere, most people will say never save them on the internet like cloud services but I will say they are the safest places to save your assets but you have to take precautions otherwise your email compromization can lead hackers straight to the seed phrase and your assets will be gone.

I also faced it in Pi, as I used to have some Pi in my account but I deleted the app and don't even know the password and now I am unable to recover the account, but I accepted my fortune now and I am ok with it. And yeah we should never abandon our wallets by saying this coin is shit, even the coin is shit, do get something to hold onto that wallet.

AnonBitCoiner

sr. member

Activity: 1456

Merit: 326

Eloncoin.org - Mars, here we come!

If someone lost their password then it means that they are not serious with their assets and I think if you buy bitcoin or any other coins then keep check on the price of that coins and also save your password and other necessary information in hard form. In past people were not serious about bitcoin but now the demand for bitcoin is increasing and now as the halving will pass so everyone will be in preparation to save more bitcoin to be benefited more in future. Some people in the past have sold their bitcoin and now they regret for their decision because that time the value was not so high as that is today.

jeraldskie11

sr. member

Activity: 1316

Merit: 356

Quote from: Lucius on November 24, 2023, 10:19:21 AM

Quote from: sotelorene on November 23, 2023, 02:05:33 PM

~snip~
However, what am saying in essence is that whatsoever coin you have or you are mining please keep it safe and don't forget your password very important because you can't and will never recover the password. I believed within a short time most of these coin will have a great value, a value that one of it will change your story.

Go back 5 or 10 years and you will see that more than 90% of all coins that were invented then are worth almost nothing today, and the same will happen with most of those who today try to catch the naive to mine or buy them. I have a lot of such coins from my early days in the crypto world, and only two are worth more than before, although it is far from the fact that I could get rich selling them.

All those coins you are talking about are just pump&dump schemes with a bunch of false promises, not to mention the fact that most of them are centralized, pre-mined and with an unlimited supply. This is not the key to success, but to certain failure.

Personally, I will always keep my key or phrase for a cryptocurrency which is I believed that it will have a great value in the future. It's not good to keep any coins we see in the market because it's just a waste of time, just like what you've said that more than 90% of tokens in crypto don't have value. We should make a screening of a coin if this will going to have a great value in the future or worth nothing. We can't truly say that our screening is perfect, but it's certainly better than having a tokens without screening.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: sotelorene on November 23, 2023, 02:05:33 PM

~snip~
However, what am saying in essence is that whatsoever coin you have or you are mining please keep it safe and don't forget your password very important because you can't and will never recover the password. I believed within a short time most of these coin will have a great value, a value that one of it will change your story.

Go back 5 or 10 years and you will see that more than 90% of all coins that were invented then are worth almost nothing today, and the same will happen with most of those who today try to catch the naive to mine or buy them. I have a lot of such coins from my early days in the crypto world, and only two are worth more than before, although it is far from the fact that I could get rich selling them.

All those coins you are talking about are just pump&dump schemes with a bunch of false promises, not to mention the fact that most of them are centralized, pre-mined and with an unlimited supply. This is not the key to success, but to certain failure.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: Rockstarguy on November 24, 2023, 10:05:15 AM

During the early time of bitcoin most people didn't expect bitcoin will come this big and will be a great asset, people never took it serious which they never bothered to even to secure their seed phrase properly. But from the experience of bitcoin people will learn lessons not just about keeping the seed phrase in a safe place for the future. Bitcoin have really open the mind of people to learn how to take every new innovation as important for people to watch out what will be the next phase of it.

Be it cryptocurrency or not people need to learn to take every information details very important because it can be of something that will be needed in the future.

Back then Bitcoin was largely distributed for free to everyone who had interest in acquiring some coins online. There were many faucets disponible where you could make at least 0.001BTC daily just by claiming on them during the years of 2015 and 2016, and before that, there was a faucet which gave 5BTC per claim. On those times it wasn't a great sum of money, but for those who believed in BTC potential and held it for the future, it was a complete life changer, which guaranteed them to become millionaires.

Now those times are gone and the profitability potential has decreased, however, it doesn't mean there aren't opportunities anymore. Bitcoin can still perform very well on the next following 2 years, so for everyone doubtful if they should invest or not, think about people in the past who decided not investing, and are regretful now for not doing so. Don't repeat the same mistake, folks...

Rockstarguy

hero member

Activity: 1050

Merit: 592

God is great

During the early time of bitcoin most people didn't expect bitcoin will come this big and will be a great asset, people never took it serious which they never bothered to even to secure their seed phrase properly. But from the experience of bitcoin people will learn lessons not just about keeping the seed phrase in a safe place for the future. Bitcoin have really open the mind of people to learn how to take every new innovation as important for people to watch out what will be the next phase of it.

Be it cryptocurrency or not people need to learn to take every information details very important because it can be of something that will be needed in the future.

rodskee

full member

Activity: 2520

Merit: 204

Quote from: Essential10 on November 24, 2023, 12:04:35 AM

The impact of modernity and digital technology is evident across the globe. The impact of modernity and digital methods continues to shape the world in broad and profound ways. And the best invention of this modern age is digital currency or Bitcoin. Bitcoin's value today has surprised many people, as it was considered worthless in the past. Bitcoin is currently overvalued so it is always better to be cautious of our Bitcoin and hold wallets, as you never know what the future holds for various cryptocurrencies especially when it comes to digital assets. Storing them on a USB is a smart move, as it keeps them safe and easily accessible when needed.

Overvalued? bitcoin is over valued mate? lol it is in natural value since there are no hyping ,
you can call it then when there is a Bull running in which for me valuable to say overvalued.
and also Modernity shapes the world and that is why cryptocurrencies are the future
of our currencies .

yhiaali3

legendary

Activity: 1848

Merit: 1982

Fully Regulated Crypto Casino

As far as I think, I expect that the largest losses in Bitcoin were the result of selling early at a cheap price and not the result of losing wallet passwords.

Of course, there are many people who did not appreciate the value of Bitcoin at that time, so they lost their keys or passwords as a result of negligence, but there is a larger section of people who sold their Bitcoin at the first rise and thus suffered severe losses because they did not hold their Bitcoin yet.

Nowadays everyone is starting to realize the value of Bitcoin and therefore I don't think we will hear any more stories about losing keys or wallet passwords.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

Well, that's just how it is because no one has ever anticipated the future of bitcoins because there was no support from big companies or popular people back then so only a few are enthusiastic about it. Now the tide has turned and everyone wants to know how they can invest but unfortunately, others became victims of cloud mining scams and Ponzi schemes in their journey with bitcoins. Thankfully I was able to move on and make a difference with my approach and found this great community and here I learn what I have been missing all these years in terms of bitcoin investment.

KiaKia

sr. member

Activity: 728

Merit: 388

Vave.com - Crypto Casino

I know exactly how this feels, when something has no value we treat it like it doesn't matter, even now in crypto space I have lost access to few of my coins and I don't worry because they have no good value but imagine one day they end up have good value, that's where I will start to regret.

I have learnt to take this very serious, no matter how ridiculous the value of your assets might be right now do not think it's impossible for them to have good value some day, Bitcoin have already set a good numbers of lessons and only those who have ears will hear.

If we truly understand the benefits of Bitcoin maybe we would have handled how we keep or hold it in the first place? The same thing happened with Ethereum and I still don't learn, although it's not as good as Bitcoin but these two won't be the only golden opportunity in this space, let's be serious with our private keys and recovery seeds.

Bitcoin_people

sr. member

Activity: 700

Merit: 380

🎗️🍁🎭

Quote from: sotelorene on November 23, 2023, 02:05:33 PM

Most people never knew Bitcoin will be this huge and important because I wish they do everyone would've at least have 10 of it but again there are people who have this Bitcoin but because the value then was not encouraging most people lost their wallet password, am saying this because I know most people do actually lost their wallet password before they heard Bitcoin is now a great coin.
However, what am saying in essence is that whatsoever coin you have or you are mining please keep it safe and don't forget your password very important because you can't and will never recover the password. I believed within a short time most of these coin will have a great value, a value that one of it will change your story.

Most people did not know that the value of Bitcoin would reach the level it is now and the demand for it would increase so much. We have seen in the past many people with large amounts of Bitcoins stored in their wallets who have lost their passwords and are unable to recover them. In the past most people bought their bitcoins and kept them in wallets but now they cannot sell them because they have lost their passwords and are stuck. That's why it's important to store the keys, your funds are safe as long as your keys are in a safe place. We all know that if your keys are lost, your funds will be lost, so the most important thing is to keep the keys in a safe place. And when you invest and keep your keys in a safe place, it can change your future a lot and give you huge profits.

kentrolla

hero member

Activity: 1652

Merit: 569

Catalog Websites

This stands true for me as well, I think we shouldn't be careless let it be any crypto whether it's Bitcoin or Altcoin we should remember password and security key, phrases safely as we never know which coin we hold in any wallet can become next big thing.. I still regret my mistake of not having a back up of the password for my blockchain wallet and also not making a note or saving the seed phrase 8 years ago.

But most importantly never leave any crypto just like that for long term without monitoring because it might lead to disasters as well like the one of FTX and Luna.

bitterguy28

full member

Activity: 2170

Merit: 182

“FRX: Ferocious Alpha”

Quote from: sotelorene on November 23, 2023, 02:05:33 PM

Most people never knew Bitcoin will be this huge and important because I wish they do everyone would've at least have 10 of it but again there are people who have this Bitcoin but because the value then was not encouraging most people lost their wallet password, am saying this because I know most people do actually lost their wallet password before they heard Bitcoin is now a great coin.
However, what am saying in essence is that whatsoever coin you have or you are mining please keep it safe and don't forget your password very important because you can't and will never recover the password. I believed within a short time most of these coin will have a great value, a value that one of it will change your story.

Thanks for the advise but I think it has been mentioned thousand if not million of times in this forum about keeping our wallet/passwords/seeds all the time , safer and being secured and yes that is what we are doing now .
though thanks for the heads up , but I think you must act with that for your funds(assuming that you are Holder) and you must not generally speaks for all coin because there are only few from many that will have great value majority will fall.

Gaza13

sr. member

Activity: 616

Merit: 274

Quote from: bayu7adi on November 23, 2023, 11:19:51 PM

Bitcoin serves as proof that in its less than 15 years of existence, it has already brought many surprises. And don't forget, Bitcoin could still drop to zero or become even more valuable than it is now. We don't know what the future holds; it's truly a long mystery.

Yes, what you say is true, what's more, the superpowers will continue to fight to eliminate this asset with all the means they have so that this asset does not dominate the banking world, of course not long ago the news from the big exchange Binance lost due to violations made Cz resign , This news surprised many people who invest in Cryptocurrency. Will this be a nightmare for the cryptocurrency industry?

If Binance goes bankrupt like the previous big exchange (FTX), what will happen if we have a lot of Bitcoin with no place to buy or sell it. Is this what people fear that Bitcoin will go to 0? As we know, in terms of blockchain technology, this technology is quite good to date and no one has been able to hack it.

Publictalk792

sr. member

Activity: 448

Merit: 354

You are right my dear friend Bitcoin go up a lot. When it was launched many people were thinking this is not a good idea they were commenting it will never be succeeded it will never go up. So people didn't buy it. But Bitcoin just show its colour and still showing and surprise everyone. Some of them who lost the seed phrase. They also think that this is nothing but they buy it for fun. But 10 BTC in one wallet so it is not possible. Because Bitcoin has limited supply at that time when they buy. And we know that the biggest transaction of Bitcoin was 10000 Bitcoins for Pizza.
By the way there are possibilities that the people who lost the phrases they suddenly find it anywhere and they open their wallets.
But thing is that still some people think that Bitcoin is nothing but soon they will see how Bitcoin will perform. And in my point of this is the time to buy Bitcoin.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

We were not sure about Bitcoin's value back then especially if it wasn't even worth around $1 so those who accumulated a lot of Bitcoin didn't even take it seriously to keep them safe and secure, we can even remember the story of a guy who used a lot of Bitcoin just to buy a pizza. Plus if you think of it, owning thousands amount if Bitcoins back then which is worth like a cent, once you see the market reaching almost a dollar, you would already consider yourself to sell your holdings cause profit is actually profit. I think some of the holders back then actually didn't forget their password or seed phrase cause it is actually common sense to write down important things for you to remember, the reason I think they are losing all of the Bitcoin is the reason they might change their hard wallet or even upgrade cause there's nothing to lose in holding something that doesn't even worth a lot.

Essential10

full member

Activity: 448

Merit: 130

The impact of modernity and digital technology is evident across the globe. The impact of modernity and digital methods continues to shape the world in broad and profound ways. And the best invention of this modern age is digital currency or Bitcoin. Bitcoin's value today has surprised many people, as it was considered worthless in the past. Bitcoin is currently overvalued so it is always better to be cautious of our Bitcoin and hold wallets, as you never know what the future holds for various cryptocurrencies especially when it comes to digital assets. Storing them on a USB is a smart move, as it keeps them safe and easily accessible when needed.

SamReomo

hero member

Activity: 784

Merit: 672

Top Crypto Casino

Those who were early adopters of Bitcoin somehow knew that Bitcoin will get huge one day and I believe most of those are enjoy their lives already and they don't have to do any work in their lifetime anymore but some of the weak hands definitely lost their Bitcoin because they just considered it as a digital coins which won't get huge by any means.

Those later people might be regretting now because they have considered Bitcoin not much worthy have already lost their wallet access and thus it's almost impossible for them to recover the Bitcoin they had earned via mining or doing simple tasks to acquire some Bitcoin.

I'm not a altcoin lover and that's why I won't encourage others to purchase and hold altcoins but surely any good altcoin may get huge in value in future but the chances of that altcoin's getting 0 in value are also there. I believe that there can be some good altcoins which may start with very low values and later grow as huge giants however there is a lot of risk in that sphere.

Topic: Something you don't have to forget - page 4. (Read 679 times)