Topic: Stupid mistake newbies still do till date - page 7. (Read 5035 times)
Maybe they lack of knowledge about how impotant their private key are. It's just like a master key of all of their asset in crypto world. All of that habit are coming from mindset for gathering much money in fast way but still not learning how blockchain work. This is serious problem.
When you see sonething that says private, you should never ever share it to somebody else. Maybe that person who shares his private key is a total newbie and does not understand what he is really doing.
This to me isn't a stupid behavior as regard posting his private key in a group because he never understand what it is for and only need a guidance to explain more to him or her on what those things are , the only reason I can blame such person is not reading and taking note of what is important as your seed will always come with a memo saying it should not be preview to other party but they fail to understand and learning in had way is what most got in late time.
Cryptocurrency taught me many things. Including awareness in maintaining and organizing important data. On the internet, nothing is really safe. We are the main players and protectors in maintaining its security, of course, with supporting facilities. Keep all your important data in one safe place, separate the data that can and shouldn't be seen publicly. Backup everything. Don't forget to use double security like Google Authenticator and email confirmation. My advice, for mew, just use JSON file, it's safer I think.
By doing this kind of precautions you are adding securities and you are adding confidence to yourself that you will not be exposed with any potential threats that may have you up, there's really a lots of beginners and even people who already in the situations still finding themselves being trapped and carelessly made a certain mistakes being tricked by scammers and can't do nothing about it.
Try to make money via exchanges arbitrage is one of most common mistakes. I'm sure that even if there's no volatility your profit will still be eaten up by the fees of buying/selling/transferring/withdrawing.
And if you get a big drop between buying and selling it, kiss your profit goodbye.
I'm sure it's possible, but not easy and not without risk.
And if you get a big drop between buying and selling it, kiss your profit goodbye.
I'm sure it's possible, but not easy and not without risk.
Always print out and write down recovery seeds.
Don't just have one copy lying around, either.
And don't do what that one person did and save it on an email account! That went about as well as you can imagine that it did when their account got hacked.
Don't just have one copy lying around, either.
And don't do what that one person did and save it on an email account! That went about as well as you can imagine that it did when their account got hacked.
Cryptocurrency taught me many things. Including awareness in maintaining and organizing important data. On the internet, nothing is really safe. We are the main players and protectors in maintaining its security, of course, with supporting facilities. Keep all your important data in one safe place, separate the data that can and shouldn't be seen publicly. Backup everything. Don't forget to use double security like Google Authenticator and email confirmation. My advice, for mew, just use JSON file, it's safer I think.
You know when you get something out of platter of gold, you cannot safeguard it like you got it with your sweat, I guess the only people that would be careless with their key are either people that did not directly use their money to invest in the coins, like this airdrop, maybe they got them through airdrop or some cheap easy campaigns because I don’t think anyone that worked for months to also get his tokens from campaign will be careless with their keys.
Those keyshare very important to us, and we really need to make sure they are protected at all cost, which is why I always advise people to use more of paper wallet or hardware wallet, at least with these ones, they will have it physically and can decide to store in a bank or places where relatives and friends would not have access to because that is the only threat to those ones.
Those keyshare very important to us, and we really need to make sure they are protected at all cost, which is why I always advise people to use more of paper wallet or hardware wallet, at least with these ones, they will have it physically and can decide to store in a bank or places where relatives and friends would not have access to because that is the only threat to those ones.
Quit underestimating wallets and figure out how your wallets works either its ETH erc20 based wallets or multi walllets,you lose your private keys or recovery seeds you lose your coins and tokens,I was in a gathering on message when somebody posted his private key guaranteeing he didn't get an airdrop tokens,I wonder what may have transpired as of now,its like some still don't have the foggiest idea how genuine there wallets recovery seeds and private keys are,quit playing with wallet private keys and take them more serious like you doing with your bank account.
Giving your ETH address private key means giving the entire of your ETH coin and tokens in that address,
this should be the basic knowledge that everyone must have in cryptocurrency.
ETH is not a private coin, everyone can check whether the tokens are in the wallet address or not, by using etherscan explorer.
It`s the same with all wallets and if you share your private keys, mnemonic phrase, or keystore file, most likely you will stay without all coins. People still make mistakes by sharing them to others, sometimes people are tricked to do that. Usually, scammers pretend to be admins or developers that can help you with some problem, but the only thing they want is your keys.
Never ever give your keys to anyone! If you give you keys you need to make a new wallet, with new keys and move your funds just in case!
That's normal, almost all of crypto newbies do like that...
Let them regret first or maybe you can teach them, so they can learn from the mistake and become smart in coming days...
They still don't know the difference between Private key and Address. That's why they are easily scammed...
Let them regret first or maybe you can teach them, so they can learn from the mistake and become smart in coming days...
They still don't know the difference between Private key and Address. That's why they are easily scammed...
Quit underestimating wallets and figure out how your wallets works either its ETH erc20 based wallets or multi walllets,you lose your private keys or recovery seeds you lose your coins and tokens,I was in a gathering on message when somebody posted his private key guaranteeing he didn't get an airdrop tokens,I wonder what may have transpired as of now,its like some still don't have the foggiest idea how genuine there wallets recovery seeds and private keys are,quit playing with wallet private keys and take them more serious like you doing with your bank account.
Giving your ETH address private key means giving the entire of your ETH coin and tokens in that address,
this should be the basic knowledge that everyone must have in cryptocurrency.
ETH is not a private coin, everyone can check whether the tokens are in the wallet address or not, by using etherscan explorer.
Quit underestimating wallets and figure out how your wallets works either its ETH erc20 based wallets or multi walllets,you lose your private keys or recovery seeds you lose your coins and tokens,I was in a gathering on message when somebody posted his private key guaranteeing he didn't get an airdrop tokens,I wonder what may have transpired as of now,its like some still don't have the foggiest idea how genuine there wallets recovery seeds and private keys are,quit playing with wallet private keys and take them more serious like you doing with your bank account.
But it all depends on the newbie too, why to lose his wallet?because I followed crypto from the beginning, I wanted to learn a lot from the experience that happened and was always not shy about asking someone who knows better. can be ascertained if we learn a lot surely there will never be an experience like that.
Quit underestimating wallets and figure out how your wallets works either its ETH erc20 based wallets or multi walllets,you lose your private keys or recovery seeds you lose your coins and tokens,I was in a gathering on message when somebody posted his private key guaranteeing he didn't get an airdrop tokens,I wonder what may have transpired as of now,its like some still don't have the foggiest idea how genuine there wallets recovery seeds and private keys are,quit playing with wallet private keys and take them more serious like you doing with your bank account.
But it all depends on the newbie too, why to lose his wallet?because I followed crypto from the beginning, I wanted to learn a lot from the experience that happened and was always not shy about asking someone who knows better. can be ascertained if we learn a lot surely there will never be an experience like that.
Generally beginners when entering the world of crypto do not know the workflow of the project and the terms used in crypto are a natural thing. But if you have lost your private key is a big mistake, worth a private key that should not be spread publicly. Then beware.
Quit underestimating wallets and figure out how your wallets works either its ETH erc20 based wallets or multi walllets,you lose your private keys or recovery seeds you lose your coins and tokens,I was in a gathering on message when somebody posted his private key guaranteeing he didn't get an airdrop tokens,I wonder what may have transpired as of now,its like some still don't have the foggiest idea how genuine there wallets recovery seeds and private keys are,quit playing with wallet private keys and take them more serious like you doing with your bank account.
But it all depends on the newbie too, why to lose his wallet?because I followed crypto from the beginning, I wanted to learn a lot from the experience that happened and was always not shy about asking someone who knows better. can be ascertained if we learn a lot surely there will never be an experience like that.
Yes you are right. Private key is very important. It is like your personal pin at your ATM card,your passbook to your bank account and the combination to your vault containing lot of golds,that no one can never have or know about it. Make it secure everytime and don't play with it. Be professional. When we talk about private keys make sure we talk about serious security.
You're right! You need to take your personal data seriously, especially if these are secret keys or passwords for your wallets. Many people lose access to their wallets because they often do not correctly use the information received, so most of this information is sent by scammers in order to gain access to your data. I also think that it’s enough to play these games and you need to be more serious about storing your data from wallets.
I think these newbies are actually misguided or they are just trolling people here. If you're gonna make a wallet, MEW always tell you that you should not reveal important files or things that may harm your wallet. Or they simply not read this things and just clicked on the okay button.
myetherwallet always give us warn when we will access our wallet, moreover if using private key.and if some people still make basic mistakes they have to think again wit their concentration.their mind not in market maybe, and should take a rest for a while to avoid same mistakes in future.newbies need learn again about everything in market or they will loss their money. 
Quit underestimating wallets and figure out how your wallets works either its ETH erc20 based wallets or multi walllets,you lose your private keys or recovery seeds you lose your coins and tokens,I was in a gathering on message when somebody posted his private key guaranteeing he didn't get an airdrop tokens,I wonder what may have transpired as of now,its like some still don't have the foggiest idea how genuine there wallets recovery seeds and private keys are,quit playing with wallet private keys and take them more serious like you doing with your bank account.
But it all depends on the newbie too, why to lose his wallet?because I followed crypto from the beginning, I wanted to learn a lot from the experience that happened and was always not shy about asking someone who knows better. can be ascertained if we learn a lot surely there will never be an experience like that.
I think these newbies are actually misguided or they are just trolling people here. If you're gonna make a wallet, MEW always tell you that you should not reveal important files or things that may harm your wallet. Or they simply not read this things and just clicked on the okay button.
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