question1: Will my balances automatically update after the blockchain finishes downloading?
question2: Is there a way to create a mnemonic recovery phrase for my wallet.dat file? After this scare, I'd like to back up my funds in as many ways as possible. If someone cares explain to me how I can do this, or why I cannot, that would be much appreciated.
thanks for helpin a noobie.
If the private keys that had balance (UTXO's) are in the wallet.dat, yes. You probably haven't caught up yet to the block in which the transaction was made to your adress, hence why there is no balance yet. I'd indeed recommend you to wait until the blockchain has been fully synced.
Yes exactly this. Your Bitcoins are safe. Syncing means that your computer now downloads all transaction history that ever happened on Bitcoin blockchain. And once it will get to a block when you topped your wallet those Bitcoins will show on your wallet.