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.
Topic: Something you don't have to forget - page 6. (Read 679 times)
We read stories of people losing access to their wallets due to negligence especially in the early days. I remember reading a of one guy that wanted to dig up a piece of land to find his hardware wallet containing 150m worth of bitcoins. This is just one out of many. There are others who had bitcoins in websites and have either forgotten the passwords or the name of the website. Truth is people place value on things that have value and back then bitcoin wasn’t this valuable. Now that it is, everyone is scrambling for a price of it.
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.
Don’t be surprised most of the popular altcoins you see today may not exist in the next couple of years. That’s just the reality of shitcoins, it’s a gamble. Sometimes it works and most times it doesn’t.
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 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.
Only a few people believe that Bitcoin's value will increase in the future. Others felt it was a joke but I don't blame them because the project was new and unconventional. Everybody was used to fiat money so it was very difficult to believe that virtual or digital currency would become a legal tender. Those who lost their password or seed phrase will live to regret their actions and it is a lesson to all of us to always keep our assets safe regardless of their worth currently.
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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.
I cannot verify the reliability of other coins but I am sure that Bitcoin is worth hodling. The coin has proved over the years to be dependable. I cannot vouch for other coins because many worthless coins are developed every day. There is a report that claimed that close to 1,700 and 2,500 have failed and ultimately disappeared from the crypto market. So you have to be careful of the coins you keep because they might be worth nothing in a few months or years.
First of all, it is not possible for everyone to own 10BTC as there is just 21M supply and the circulation of the supply is even lower, so whatever you own better keep it safe and hold strongly, never fall for a sale in a few bucks, keep accumulating to fill the desired amount gradually.
What does that password mean? Becasue here in Blockchain all the transactions are processed with the public and private keys, so what needs to be secured is the seed/master key. That's also a proven fact that many people lost their key access and now the wallets are dead, At the same time some crazy people are trying to buy old data files in the black market to somehow crack big treasures. I haven't heard of any such successful attempt.
According to the estimation currently, there's a 6M Bitcoin supply suspected under the dead wallets, how-much-bitcoin-is-lost-forever. TBH i think there a massive amount which is still accessible.
What does that password mean? Becasue here in Blockchain all the transactions are processed with the public and private keys, so what needs to be secured is the seed/master key. That's also a proven fact that many people lost their key access and now the wallets are dead, At the same time some crazy people are trying to buy old data files in the black market to somehow crack big treasures. I haven't heard of any such successful attempt.
According to the estimation currently, there's a 6M Bitcoin supply suspected under the dead wallets, how-much-bitcoin-is-lost-forever. TBH i think there a massive amount which is still accessible.
At first, every new innovation takes time to get accepted into society. Although there are some people who are good at first adopting a new technology and becoming early adopters of that technology while watching to see how things unfold about that technology, that was the case with bitcoin. Some were skeptical about it; some watched it from afar. While some just tried it to see how it went, although people never believed that it would be this important and sold off at the early beginning, while some lost their phrase just as the previous reply stated, and some holders are already late without passing their keys to their loved ones, these lost bitcoins would actually make the available bitcoin more scarce and valuable. And in time to come, the price would be higher than it is now, and the adoption rate would be very high enough to trigger a global and massive integration of bitcoin into the government system all over the world.
This sound's too fairy tail
If you hold a bad coin
Your investment will forever be in red
Not all mined coins ever get launched
If you lucky it does either the profit is minimal or life changing
About the loss of password
Some were outside the owners control
Like something happening to where the password was kept
Or the owners losing their life without sharing the password (location)
Guess the best is having more than one relatively secured location
While forgetting of password?
I'm not sure anybody know their Bitcoin wallet password in memory.
Edit: I skimmed through the 10Btc for everyone
Even at full circulation everybody can't even have 0.01 BTC.
If you hold a bad coin
Your investment will forever be in red
Not all mined coins ever get launched
If you lucky it does either the profit is minimal or life changing
About the loss of password
Some were outside the owners control
Like something happening to where the password was kept
Or the owners losing their life without sharing the password (location)
Guess the best is having more than one relatively secured location
While forgetting of password?
I'm not sure anybody know their Bitcoin wallet password in memory.
Edit: I skimmed through the 10Btc for everyone
Even at full circulation everybody can't even have 0.01 BTC.
Unfortunately, I got into Bitcoin around 2016 and couldn't get more BTC when the price was still below $1 a few years earlier.
But early holders of Bitcoin not only lost their keys because they were not stored, they made the sale early because at that time Bitcoin was still worthless.
And a big transaction made with Bitcoin is the purchase of pizza with 10,000 BTC.
If the initial holder could hold back until now, then he would have become very rich with Bitcoin, but in fact they have sold early.
And those who lost the key or those who have died and did not pass on the Seed Phrase to others.
The address with a lot of Bitcoin will only become a graveyard of Bitcoins that will no longer be able to move.
So there is less and fewer Bitcoin supply available in the market.
But early holders of Bitcoin not only lost their keys because they were not stored, they made the sale early because at that time Bitcoin was still worthless.
And a big transaction made with Bitcoin is the purchase of pizza with 10,000 BTC.
If the initial holder could hold back until now, then he would have become very rich with Bitcoin, but in fact they have sold early.
And those who lost the key or those who have died and did not pass on the Seed Phrase to others.
The address with a lot of Bitcoin will only become a graveyard of Bitcoins that will no longer be able to move.
So there is less and fewer Bitcoin supply available in the market.
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.
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.
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