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Topic: Stories about lost Bitcoin (Read 754 times)

legendary
Activity: 1554
Merit: 1139
July 05, 2023, 06:31:30 PM
Edit: Back in Feb 2020, I gave my seed phrase to someone on twitter. The convinced me the seed phrase was equal to my address and that they needed it to send me bitcoin. Don't ask me why I was so stupid... I lost approx. 1M sats and I had to start accumulating again. I bought a Trezor and I started reading...
There will always be these stories but the good part for you @OP in this was, you learned from it. You know now the importance of a seed phrase or private key and you sure know it’s not equal to a bitcoin address but the opposite.
Private key and public address. The name tags tells the difference.
It was a your mistake and you’ve learned.

It’s a good thing having to relate this tale and even with that, there isn’t any guarantee that there wouldn’t be any further victims. Of course there would always be other victims but, the take does it but to reduce the numbers of victims. In a space guided by trust, you’ve got to have a third eye open
hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook
July 05, 2023, 06:17:43 PM
Hello friends. Has anyone ever lost bitcoin? I am curious to listen to your stories. My purspose is to educate ourselves of possible scams, or rookie mistakes that we may do, that can lead to our BTC being stolen or lost.

Edit: Back in Feb 2020, I gave my seed phrase to someone on twitter. The convinced me the seed phrase was equal to my address and that they needed it to send me bitcoin. Don't ask me why I was so stupid... I lost approx. 1M sats and I had to start accumulating again. I bought a Trezor and I started reading...
Very common with newbie mistakes on which it is really that common specially into those who dont have that sufficient knowledge because scammers and hackers is everywhere. They would really be taking advantage into those people who dont have sufficient knowledge on which it would really be just that normal that errors and mistakes like this is common but on the time that we do experience such mistakes then we would eventually learn about further things which it is a common concept or scenario that we do have. Important thing is that we do make learnings along the way
and this is why you should really be that so easily be giving out those seed phrases because this is really indeed the key of your wallet, once been known then say goodbye into your funds.
Also, dont randomly click out links online or make some downloads because this is where virus and malwares which causes for your coins to be stolen.
sr. member
Activity: 728
Merit: 421
July 05, 2023, 05:59:26 PM
All personal information related to Bitcoin is never to be shared with anyone.

Ofcourse it is true all personal information as regards bitcoin is private and never meant to be shared by any third party but some people still fall prey of scammers without any idea that their details have been hacked. This act is perpetrated through links sent to them via email social media handle and lots more unbeknownst to them are vulnerable to invading their devices with malware's when they click on such link and possibly download whatever was sent to them through that link.

Many people have lost access to their accounts as a result of these carelessness and it has cost them alot. That is why it is advised not to click any link sent to your email or anything account of yours If you are not expecting mail from such or you do not recognize such email better still you delete it all at once.
legendary
Activity: 2086
Merit: 1058
July 05, 2023, 08:46:54 AM
I've stored my recovery seed in a Gmail account I created years ago and someone somehow gets my password and stole all my Bitcoin, at the time I lack some knowledge about keeping recovery seed and that old Gmail had a weak password too, I also don't use or activate 2Fa authentication too, after I lost the Bitcoin I started researching on where I did things wrong and I learnt that recovery seed are not to be kept online, they are safer offline.

Not even any cloud storage are safe for your recovery seeds, there are some stories of peole losing their Bitcoin when few cloud storage platforms got hacked, for example 4shared and others.
Even though the website is very secure, let's say Google, hackers can still penetrate a person that has a weak password like you, which means it is our fault, but no matter if it is our fault that has a weak password, it is still better to make it offline because the tendency of making it online is that all accounts would be compromised, no matter how cautious we are, so it is better to prevent them by not putting it online so that you are now more focused on your offline security measures like putting it in a paper, engraving it, or buying a hardware wallet for better protection.
Weak password in the year 2023 is a bit of a trouble to be fair, I mean you shouldn't have a weak password anymore because you could literally save your passwords as well, which means that it is not going to be possible for you to "forget" them since it is stored somewhere for you, somewhere safe. You can use google, browsers, password companies and many more for it as well.

I have been fine about it so far because I am not a rich or famous person, nobody even attempts to hack into my accounts anywhere. Because they would gain absolutely zero from it and there is no reason for doing it at all. I know that it will take a while for people to realize this, but storing very complicated passwords is easier nowadays and you do not have to remember them, just store them.
hero member
Activity: 2366
Merit: 594
July 04, 2023, 10:45:11 PM
I didn't personally lose much at all, at least not enough worthy of mentioning. However a friend of mine who used to use the silk road to buy weed and Addy in college had a created a ton of burner emails each time he went to make a purchase and he always made random names for passwords, stuff they he just simply can't remember. He said he had at least 20 or 30 coins in limbo. That just sucks lol. I check in on him from time to time.

That is a really big regret, for sure, but again, we can't learn something if we haven't experienced it. I hope he has already moved on from it, as that is really difficult to know, as we know that he just made some random password, and we know that we get lazy sometimes to think of good passwords. I am just as lucky that I was able to recover mine too; my case was in the exchange, and I just submitted KYC.
sr. member
Activity: 1386
Merit: 406
July 04, 2023, 10:34:14 PM
All personal information related to Bitcoin is never to be shared with anyone. I have been careful about these things so far I have managed to keep my bitcoins safe and my bitcoins have not gone into anyone else's hands so far. Always try to keep your personal information to yourself. But people learn from mistakes as you have made a mistake once and because of that mistake you have suffered a lot, hope you learn from this mistake. And be careful not to make these mistakes in the future. Because BTC is a very valuable commodity, it's natural to feel bad for such stupidity if it ends up in someone else's hands.
hero member
Activity: 1344
Merit: 583
July 04, 2023, 10:15:23 PM
#99
I didn't personally lose much at all, at least not enough worthy of mentioning. However a friend of mine who used to use the silk road to buy weed and Addy in college had a created a ton of burner emails each time he went to make a purchase and he always made random names for passwords, stuff they he just simply can't remember. He said he had at least 20 or 30 coins in limbo. That just sucks lol. I check in on him from time to time.
hero member
Activity: 1820
Merit: 775
July 04, 2023, 07:18:28 PM
#98
This is just the way it goes. Lots of people fall victim to losing their Bitcoin, it's a learning experience.

I, for one, was the idiot who wrote a private key on a torn piece of envelope paper and left it on his nightstand, completely forgetting about it. 4 days later, I came to find out that my wife had mistaken it for trash and thrown it away. Upon realizing this, I instantly ran outside to the dumpster only to see it was empty. Pffft, no way I'm going to dig up a landfill, so I let it be. An experience in 2019 I learned from early on that brought me where I am today, The creator of the First Seed phrase notebook, The Shieldfolio stonebook.

Lol, so glad she threw that private key away.



It certainly shows that you weren't in the habit of cleaning up after yourself. Maybe today you not only put your private keys in a safe place, but you don't let your wife pick up your garbage. At least that would be a beneficial mishap for both of you...

sr. member
Activity: 728
Merit: 421
July 04, 2023, 08:16:10 AM
#97
I have really not had that experience of one scamming me of my hard earned resources not to talk of deceiving me to give them my login details or my seed phrase. I joined this platform with my eyes wide open to learning more about bitcoin and detecting scams and scammers was very easy for me because I took my time to read posts and comments to know more about them.

The only thing was that I lost access to my wallet as a result of my phone crash then which I could not recall were I kept the seed phrase to that wallet and that was my weekly pay wallet I had then. It was very painful to me because I don't take such for granted but it took me unawares and I had nothing to do to gain access to it till this very moment.
hero member
Activity: 854
Merit: 663
July 04, 2023, 07:38:19 AM
#96
But some time ago I was stupid because I unknowingly pressed and sent the prifat key to my office mate.  Luckily he doesn't understand prifatkey and cryptocurrency.
Or he was only act dumb because he don't want to let anyone know if he's own a lot Bitcoin, also he just want to become a good guy for not stealing someone's money.

You should never give your seed phrase or private key to a stranger.
Who's in the hell someone want to share his seed phrase to a stranger? during you want to create a new wallet, there's always a warning message if you must not share your seed phrase and write down in a piece of paper, which is more or less seed phrase is the most important part.

Even you have trust someone, there's a chance he could backstabbed you.
hero member
Activity: 952
Merit: 779
July 04, 2023, 07:25:46 AM
#95
I never lose my bitcoins by forgetting to back up. But I used to experience losses due to being deceived by the ponzi system and such. I experienced a lot of losses at that time which made me in the most difficult life for me personally. but I've learned a lesson from it. And I am now a more careful person in everything. But I've heard a lot of stories about someone who lost a Seed Phrase because they forgot to save it or something. And I think it hurts a lot more. So I always back up my Seed Phrase wallet not in one place but I store it in several forms. but I never save it in file form. I prefer to write it on paper or spread it in my favorite book.
full member
Activity: 658
Merit: 158
BTC Rocks
July 04, 2023, 07:11:44 AM
#94
Hello friends. Has anyone ever lost bitcoin? I am curious to listen to your stories. My purspose is to educate ourselves of possible scams, or rookie mistakes that we may do, that can lead to our BTC being stolen or lost.
Both of this (Lost and Stolen) happened to me. Actually at the beginning it's common to make a mistake but if it happens several times like me than it's a worst thing.

My purpose to share my stories so that newbies can learn from it and never do like this. First I have lost some of my Bitcoin by sending it to a wrong wallet address. I sent in a hurry and lost it because the destination address was wrong. Then I also sent my BTC to another Blockchain but all the mistakes I have done all are in a hurry. So my advice is that " Never be Hurry when you are making any transection and always recheck your wallet address and the Blockchain

And I have been scammed by a person when I didn't use an escrow and sent it first. They as usually he blocked me though he was much trusted to me but a unknown person. So Always use an escrow if you want to deal with someone you don't know perfectly.
hero member
Activity: 812
Merit: 619
July 04, 2023, 06:51:37 AM
#93
I've stored my recovery seed in a Gmail account I created years ago and someone somehow gets my password and stole all my Bitcoin, at the time I lack some knowledge about keeping recovery seed and that old Gmail had a weak password too, I also don't use or activate 2Fa authentication too, after I lost the Bitcoin I started researching on where I did things wrong and I learnt that recovery seed are not to be kept online, they are safer offline.

Unfortunately i suffered from same case at the start and lost my fund. I stored all my wallets phrase in the draft folder of Gmail account and didn't wrote any where on hard copy. The hacker got access to my mail and stole my money. At first I didn't know how he stole it but after second hack attempt he erase all my draft key and then i founded the real reason behind my phrase leaked. Till now i never used any account information cloudly and i wroted all my phrase in notebook.

As long as I have known Bitcoin, I know the safest storage using wallet hardware. Although logically there is still room to lose, but I think hard wallets are the option with the least risk. But some time ago I was stupid because I unknowingly pressed and sent the prifat key to my office mate.  Luckily he doesn't understand prifatkey and cryptocurrency.
So when you're multitasking, you have to be meticulous with what you receive and deliver. Make sure you are really careful not to do stupid things like me.

Hardware wallet is much safer and you have to choose open source hardware to kept your btc safe. you are lucky that your office mate was unaware of it otherwise you could lose your btc. Even it is hardware or hot wallet we have to do every safety task before storing btc.
hero member
Activity: 1400
Merit: 770
July 04, 2023, 06:10:58 AM
#92
When you keep them offline, it is better practice but you must keep your backups very safely from water, fire, steal. You have to secure your backups individually.

Create some backups, don't create only one backup. One is unusable, you will have others to use.

As long as I have known Bitcoin, I know the safest storage using wallet hardware. Although logically there is still room to lose, but I think hard wallets are the option with the least risk. But some time ago I was stupid because I unknowingly pressed and sent the prifat key to my office mate.  Luckily he doesn't understand prifatkey and cryptocurrency.
So when you're multitasking, you have to be meticulous with what you receive and deliver. Make sure you are really careful not to do stupid things like me.
hero member
Activity: 2366
Merit: 594
July 04, 2023, 05:35:44 AM
#91
I've stored my recovery seed in a Gmail account I created years ago and someone somehow gets my password and stole all my Bitcoin, at the time I lack some knowledge about keeping recovery seed and that old Gmail had a weak password too, I also don't use or activate 2Fa authentication too, after I lost the Bitcoin I started researching on where I did things wrong and I learnt that recovery seed are not to be kept online, they are safer offline.

Not even any cloud storage are safe for your recovery seeds, there are some stories of peole losing their Bitcoin when few cloud storage platforms got hacked, for example 4shared and others.

Even though the website is very secure, let's say Google, hackers can still penetrate a person that has a weak password like you, which means it is our fault, but no matter if it is our fault that has a weak password, it is still better to make it offline because the tendency of making it online is that all accounts would be compromised, no matter how cautious we are, so it is better to prevent them by not putting it online so that you are now more focused on your offline security measures like putting it in a paper, engraving it, or buying a hardware wallet for better protection.
full member
Activity: 504
Merit: 144
July 04, 2023, 05:28:25 AM
#90
I've stored my recovery seed in a Gmail account I created years ago and someone somehow gets my password and stole all my Bitcoin, at the time I lack some knowledge about keeping recovery seed

Not even any cloud storage are safe for your recovery seeds, there are some stories of peole losing their Bitcoin when few cloud storage platforms got hacked, for example 4shared and others.
You can not trust third parties to save your password, wallet private keys, wallet seed phrase, backup files. Even those companies don't know what will happen with their data bases so if you trust them, put your money into their data bases, you have very bad decision.

Quote
that old Gmail had a weak password too, I also don't use or activate 2Fa authentication too
Some tables in Are your passwords in the green? will help you to set up your strong passwords.

Quote
after I lost the Bitcoin I started researching on where I did things wrong and I learnt that recovery seed are not to be kept online, they are safer offline.
When you keep them offline, it is better practice but you must keep your backups very safely from water, fire, steal. You have to secure your backups individually.

Create some backups, don't create only one backup. One is unusable, you will have others to use.
sr. member
Activity: 952
Merit: 275
July 04, 2023, 05:21:13 AM
#89
I've stored my recovery seed in a Gmail account I created years ago and someone somehow gets my password and stole all my Bitcoin, at the time I lack some knowledge about keeping recovery seed and that old Gmail had a weak password too, I also don't use or activate 2Fa authentication too, after I lost the Bitcoin I started researching on where I did things wrong and I learnt that recovery seed are not to be kept online, they are safer offline.

Not even any cloud storage are safe for your recovery seeds, there are some stories of peole losing their Bitcoin when few cloud storage platforms got hacked, for example 4shared and others.
hero member
Activity: 966
Merit: 764
July 04, 2023, 04:17:21 AM
#88
I think everyone has faced this problem for the first time in cryptocurrency.  I have never been scammed before in anything related to bitcoin and crypto, but I have lost many bitcoins due to my mistakes.Now a day's it is seen that people fall victim to phishing scams, the number of scammers in cryptocurrency world is very high now.  They try to get the other's wallet seed using different methods.You should never give your seed phrase or private key to a stranger.  This mistake can be noticed among users who have made many cryptocurrencies.We need to be aware of the risks, because cryptocurrency cyber attacks are high. They always come up with new creative ways to steal bitcoins and other crypto assets and steal money to get various traps.

They never stop trying and finding new ways. They covet the investments they have made with the money they have earned with the labor of others. I hope they never have a chance.

It is necessary to learn from our own mistakes or the mistakes of others. There are different scams every day and we need to know about them and protect ourselves.

We must be careful when taking any action. In some matters we should not trust anyone. In order to do this, we must have knowledge.
newbie
Activity: 19
Merit: 5
July 04, 2023, 03:27:32 AM
#87
This is just the way it goes. Lots of people fall victim to losing their Bitcoin, it's a learning experience.

I, for one, was the idiot who wrote a private key on a torn piece of envelope paper and left it on his nightstand, completely forgetting about it. 4 days later, I came to find out that my wife had mistaken it for trash and thrown it away. Upon realizing this, I instantly ran outside to the dumpster only to see it was empty. Pffft, no way I'm going to dig up a landfill, so I let it be. An experience in 2019 I learned from early on that brought me where I am today, The creator of the First Seed phrase notebook, The Shieldfolio stonebook.

Lol, so glad she threw that private key away.

newbie
Activity: 9
Merit: 0
June 14, 2023, 03:09:05 AM
#86
This is quite an eye opening thread, I have learned a lot from many of the victims as well as many of you honorable members that are keying in your bits of pros and cons for safe sailing in Bitcoin and cryptospace.

In 2018, I fell victim of BTC scam also, I lost over 0.2 BTC after joining a Ponzi scheme that I cannot even remember it name, I was merge to pay somebody and in return I was promised my capital + 50% interest after 30 days. I never got a single Satoshi back, that was the last of it kind I've ever joined.
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