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...
The stories associated with the loss of bitcoin always excite the minds of readers. Reading them, it seems that how is it possible to be stupid and lose for one reason or another. Until you experience it yourself.
Often this is due to the loss of seed phrases, as in your case. You could have avoided this if you had sufficient knowledge and the attackers could not fool you. The conclusion is simple: it is necessary to carefully and as quickly as possible study the basic principles of the work of bitcoin in order not to fall into such unpleasant stories. I won't say you were stupid. You were little technically aware of bitcoin and paid the price for that.
Let your negative experience serve as an example for other beginners and it will encourage them not to delay the moment they start learning about the technical aspects of bitcoin.I 'd say the most common reason must be the loss of the seed backup. I was totally unaware. To me, everything back then, was just "my bitcoin". I was clueless, I had no idea how anything worked.
The phrase that I got in
bold in your answer, is exactly the reason why I made this thread.
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.
This thread will be quite educating and funny. The best means of learning is from people's experience or stories. This will indeed help others not to make the same mistakes. I have never lost any Bitcoin and I was just fortunate. But I have heard stories of people that have lost money due to carelessness and lack of knowledge. One of my friends downloaded a wallet and failed to copy and save the seed phrase. After he has bought some bitcoin, he lost his phone few months after and couldn't retrieve his coins because he doesn't have the keys.
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...
I am glad I located this forum because I don't think I can be a victim of such cheap scam. This forum is a goldmine of information about bitcoin and other issues like security and privacy. If you fall victim to scam after joining this forum it might be because you are not learning or you are greedy. I am glad you learned your lessons, but you learnt it the hard way.
Indeed, this forum is full of intelligent and educated people.
Sorry to hear that you lost some bitcoin, that's really unfortunate. I haven't personally lost any bitcoin, but I have heard some horror stories.
I've heard of people falling victim to phishing scams, where they click on a link that looks like a legitimate website, but it's actually a fake site designed to steal their login information. Another common scam is the "tech support" scam, where scammers pose as customer support for a cryptocurrency exchange or wallet and convince people to give them access to their accounts.
That's why it's important to never give out your login information or other personal details to anyone, even if they seem trustworthy. It's also a good idea to stay up to date on the latest scams and security best practices by following reputable news sources and forums. Knowledge is power when it comes to protecting your bitcoin.
Yeah. A friend of mine sent 0.04ETH to a scammer who pretended to initiate and NFT collection. Luckily enough, I have only been interested in Bitcoin.