Topic: Stupid mistake newbies still do till date - page 8. (Read 5016 times)
If one loses ERC wallet private key, there is no other way to recover it and have access to one's portfolios. So one should be very careful about their private key. One can save it on computer and email. But saving it in email is the best way not to lose it.
I realised that one doesn't stop learning as long as you're in this industry, there's always something new to learn. Some of the persons that make mistakes with their wallet are not newbies, but probably didn't remember or mistakenly copied the wrong information. We all need to be careful in managing our wallet, some people even fill their private keys on airdrop forms, thinking its the public keys.
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.
Lacking knowledge is one of the reasons why we do commit such mistake and sometimes these things are needed for someone to learn up the importance of their PK's.Its not necessary to experience such thing yet myself didn't come to any hacking situation of my wallet because I do read up the importance of keys specially these are needed for your wallet to be accesses and part of your common sense,who the hell would give those keys publicly?
Every details as regards the security details of one's account or wallet, I will recommend should be stored on an external drive. You can duplicate, peradventure one fails or crashes.
Such details should not be starred online or any folder connected to the internet.
Such details should not be starred online or any folder connected to the internet.
I agree with you ...even though I don't think bank account is a good metaphor. Your Money don't get lost forever when you give out your national bank account to someone to send you fiat currency. Ethereum is quite different and complicated Blockchain. People especially the newbies should sometimes be educated on typical Ethereum wallets and how they are different from normal national bank accounts.
Lot of newbies can be funny at time even those that are old in the game at time still do some stupid act in regard to the private key and password phrase to their wallet.
Newbie are suppose to be tot how important the keys are by their people or who got them in to this game but many are not that thinking straight of how important it is to key it serious like there is no other way than its their life line which must not be break.
Newbie are suppose to be tot how important the keys are by their people or who got them in to this game but many are not that thinking straight of how important it is to key it serious like there is no other way than its their life line which must not be break.
Most newbie they never learn, some thinking that crypto space is a place were you can get profit easily, and can store it easily too.
They've became neglectful in keeping what is important to be keep like private key, password, seed phrase and etc. Which is supposed
to be save somewhere in usb, or making bakcup if they use pc something like that.
They've became neglectful in keeping what is important to be keep like private key, password, seed phrase and etc. Which is supposed
to be save somewhere in usb, or making bakcup if they use pc something like that.
That's because there are all these guys going around TELLING these newbies that you can get profit easily and store profit easily.
Everyone wants easy wallets, or wallets that give you 50 cents for signing up, nobody really wants a difficult wallet that you have to remember a seed word and then encrypt with your own password and if you lose it there's no recovery.
That's the problem.
That is because new people don't know how to protect their private keys, so they give the wallet plus the private keys to other people. Maybe they get a lack of information about how to saving the private keys and don't give to other people, no matter if the wallet has any tokens or not. But that is happening in around us, and I think we can explain them not to give the wallet with the private keys to other people because that will be too risky.
The more newbies are entering into crypto space they will keep doing this silly mistakes and i just find out that some newbies are even joining some useless IEO projects on some unknown exchanges,its really weird that people are engaging into something they knew nothing about,its like going to war without knowing the type of enemies you are going to face,they lose right from the start lol
If something like that happens it is very dangerous for the owner of the wallet, because privatekey is the key to our assets so we must have to store it properly, for newbies should first learn how to maintain account security if it is new understanding to follow the bounty project.
newbie will always doing a big mistake,
if they don't want to learn how to keep their important data such as Private Key or Recovery seeds in the safe place mate
i think a lot of informations in this forum about how to keep our important data safe, but a lot of newbie is lazy to read about that
if they don't want to learn how to keep their important data such as Private Key or Recovery seeds in the safe place mate
i think a lot of informations in this forum about how to keep our important data safe, but a lot of newbie is lazy to read about that
Well I think as a newbie ,before venturing into things like wallet creation, you definitely need to read and also ask questions, private key is not to be played with. If there is one thing to keep safe, then it should be your Private key this is because anyone that gets hold of it can get access to your wallet.
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.
This is what happens when thorough training or lessons were not undergone duly.
But man is meant to learn everyday; but I advise all newbies to be patient and calm
Once you lose your private keys; you remain vulnerable
Entering a private key in a post or in a bounty and airdrop registration form is a big mistake if is done, because PK is the main access for us to be able to access the asset we have in the wallet and if PK is known to others, of course they will be easy to steal assets we have, as a bounty hunter or trader we should be careful in storing the pk so that it can avoid such carelessness.
Most newbie they never learn, some thinking that crypto space is a place were you can get profit easily, and can store it easily too.
They've became neglectful in keeping what is important to be keep like private key, password, seed phrase and etc. Which is supposed
to be save somewhere in usb, or making bakcup if they use pc something like that.
But, the experience is the best teacher. For those who want to learn and care about their investment funds, they will surely learn from the mistakes that have been made. So for those who have lost, lost, due to losing the Private key, caught in a scam, etc., will surely get new experiences that can be used as preventive measures. Moreover, cryptocurrency is relatively new, many lay people who do not understand it and must be more concerned to learn and understand the risks before joining. They've became neglectful in keeping what is important to be keep like private key, password, seed phrase and etc. Which is supposed
to be save somewhere in usb, or making bakcup if they use pc something like that.
I thought that there were no such people who make such stupid mistakes. On the other hand, if they do it, it's their problem. Because everyone who comes to crypto has to be responsible enough to keep their private keys safe.
Most newbie they never learn, some thinking that crypto space is a place were you can get profit easily, and can store it easily too.
They've became neglectful in keeping what is important to be keep like private key, password, seed phrase and etc. Which is supposed
to be save somewhere in usb, or making bakcup if they use pc something like that.
They've became neglectful in keeping what is important to be keep like private key, password, seed phrase and etc. Which is supposed
to be save somewhere in usb, or making bakcup if they use pc something 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.
As what your title about a "newbie mistake" I think this is normal fpr those people who are new in cryptocurrency, if you want to safeguard your private key then place it in a safeplace or make a paper print incase you lose or delete your privatekey in that case you backup your privatekey. And takenote dont ever post or give your privatekey to anyone to avoid hacking your wallet.
stupid action, this is not carelessness but beginners who are lazy to read and learn.
and not worth emulating.
and not worth emulating.
They are newbies or amateurs so what do you expect? I had a friend who sent someone his private keys lucky enough there wasn't any good coin there, so I had to take time to teach him all the things he needs to learn. So instead of seeing them as those who doesn't know anything let's teach them so they can be better.
Usually, a hard lesson will make newbies totally learn from their mistakes. But we can't deny the fact that we also came from being a noob in this space, right? That is the reason why there is a beginners section in this forum. If you are a new one, give yourself time to read some of the basics of crypto, at least you are not dumb enough when someone asks you regarding crypto. And as time goes by, you will learn more about cryptocurrencies.
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