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Topic: What Happens if I lose my Bitcoins? (Read 4859 times)

member
Activity: 79
Merit: 10
October 18, 2016, 02:21:32 PM
if you lost your bitcoin you cannot do any thing because it you cannot even claim your bitcoins in police station.
Unfortunately,right and thats the only drawback using a virtual currency as every thing about it is online,you cannot complain about it anywhere,even if you send bitcoin to some one else by mistake,but due to anonymous transactions,you cannot know who is owner of that address.So you cannot recover back your lost bitcoins.
yes being anonymous characteristic you even do not know that who is really own the wallet who has stolen your bitcoins.
full member
Activity: 154
Merit: 100
October 18, 2016, 01:54:55 PM
if you lost your bitcoin you cannot do any thing because it you cannot even claim your bitcoins in police station.
Unfortunately,right and thats the only drawback using a virtual currency as every thing about it is online,you cannot complain about it anywhere,even if you send bitcoin to some one else by mistake,but due to anonymous transactions,you cannot know who is owner of that address.So you cannot recover back your lost bitcoins.
member
Activity: 79
Merit: 10
October 18, 2016, 01:50:52 PM
if you lost your bitcoin you cannot do any thing because it you cannot even claim your bitcoins in police station.
sr. member
Activity: 406
Merit: 250
October 18, 2016, 10:07:21 AM
You should update the op and give more description on what you want to ask,you can loose bitcoins in many ways.Gambling or investing in ponzi sites or may be sending to wrong address by mistake.But if you loose by any of those methods you cannot get your coins back by any way,so it would be better that you should carefully use your bitcoins.
sr. member
Activity: 882
Merit: 297
October 18, 2016, 09:00:14 AM
If the private keys lose, then there is no way to recover your coins.so u shuold put the private key in a secure place including having a hard copy of it.

Yes you should have a backup for your private keys and also of your wallet.dat file if you have a desktop wallet. You can save this file in your USB stick or burn in cd/dvd media. If it is stored in online exchanges, then do not lose your password.

What you said about desktop wallet saving wallet.dat file and the seed key which is the main key through which you can reinstall the desktop wallet and rebuild your old wallet and you will get back your bitcoins, but in online exchanges even if you are having password but if the online wallet site goes scam then you can do nothing as you are not holding the private keys of your online wallet through which you can recover it.

so it is not recommend to keep your bitcoins in online wallet.
hero member
Activity: 1414
Merit: 505
Backed.Finance
October 18, 2016, 08:46:53 AM
If the private keys lose, then there is no way to recover your coins.so u shuold put the private key in a secure place including having a hard copy of it.

Yes you should have a backup for your private keys and also of your wallet.dat file if you have a desktop wallet. You can save this file in your USB stick or burn in cd/dvd media. If it is stored in online exchanges, then do not lose your password.
hero member
Activity: 924
Merit: 500
October 18, 2016, 07:36:23 AM
hi , so this is my question , but i thing we can not do anything ?.
Once you lose bitcoin and then you didn't know what really happen it's just automatically sent into another bitcoin address you can't really do nothing just to see your bitcoin sending or waiting for confirmation to confirmed even you reported that into your bitcoin wallet support they are going to say that your bitcoin sent to another bitcoin address.
sr. member
Activity: 375
Merit: 250
October 18, 2016, 03:27:58 AM
If the private keys lose, then there is no way to recover your coins.so u shuold put the private key in a secure place including having a hard copy of it.
hero member
Activity: 2996
Merit: 609
October 18, 2016, 01:26:36 AM
the lost bitcoins are lost forever, and this give more power(price )for the rest remaining

if you send into wrong address then you can not get your bitcoins back. and it will be lost forever and you can not do anything when its happen to you. so be careful when you want to send.

You wont really get  those bitcoins  if you accidentaly sent  it to a  random address because  the owner of that wallet would  be grateful that  theres a blessing comes  to his wallet. lol.  They wont  mind  to give it back or send  it back to  the  owner because  thats already a money and  its precious for us  and dont tend  to give it back.
hero member
Activity: 1610
Merit: 507
October 18, 2016, 12:37:13 AM
the lost bitcoins are lost forever, and this give more power(price )for the rest remaining

if you send into wrong address then you can not get your bitcoins back. and it will be lost forever and you can not do anything when its happen to you. so be careful when you want to send.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
October 17, 2016, 11:24:14 PM
it was a nightmare. I never imagined I could lose bitcoin I have. get bitcoin requires struggle and sacrifice of time.
when I lost bitcoin then I will live and sleep all day.
I understand you hence we  are feeling the same thing too. Earning  bitcoin would  really require  stugglle, time and effort and  suddenly   those  bitcoin  would  be lost then  for sure you  would really have a hard time to cope up especially if those  bitcoins  are on huge amounts and you save it  for a  long time.
member
Activity: 89
Merit: 10
Your Friend
October 17, 2016, 10:47:32 AM
the lost bitcoins are lost forever, and this give more power(price )for the rest remaining
legendary
Activity: 3122
Merit: 1140
October 17, 2016, 10:13:37 AM
If the OP meant the losing of the identifier or the password, then due to the advancement in several wallets it can be retained, but if he meant about the loss happening due to transfer to the wrong bitcoin address then nothing is possible. Only possibility is that receiver needs a Kind heart to return which doesn't belong to him.

If we are talking  money here, if you accidentaly  pass or  transfer  bitcoin to a random wallet for sure  say goodbye to  your  money  because  the chance  of  recieving  it back is   zero  unless if the  owner would  give it back which is  a really rare person to have  nowadays.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
October 17, 2016, 08:50:53 AM
If the OP meant the losing of the identifier or the password, then due to the advancement in several wallets it can be retained, but if he meant about the loss happening due to transfer to the wrong bitcoin address then nothing is possible. Only possibility is that receiver needs a Kind heart to return which doesn't belong to him.
legendary
Activity: 3094
Merit: 1127
October 16, 2016, 09:29:45 PM
once you bitcoins send to a wrong address , or at any scam site, they can not be refunded . and you cant do shit about it...
so always be extra carefull, welcome to cryptoland

Agree,  bitcoin transfers are  not irreversible which mean we should be  careful on sending bitcoin because  you would definitely lost it if you  send it to a wrong address.
If i lose  my bitcoin, i would  just think  that i use it to some   things and dont  mind that i lost  those bitcoins and  just move on.
hero member
Activity: 1260
Merit: 524
October 16, 2016, 05:49:06 PM
it was a nightmare. I never imagined I could lose bitcoin I have. get bitcoin requires struggle and sacrifice of time.
when I lost bitcoin then I will live and sleep all day.
Atleast you can't lose more then you have. Imagine if someone 'hacks/cracks" your credit card, you could make a much bigger loss.

What you are telling is wrong the same way if he cannot lose more then he have in wallet the same way he cannot lose if his credit card is also lost as you can only use till the limit what it is assigned.

In bitcoins if once lost you can do nothing , as you cannot track who is the thief or hacker.
legendary
Activity: 1946
Merit: 1427
October 16, 2016, 04:37:47 PM
it was a nightmare. I never imagined I could lose bitcoin I have. get bitcoin requires struggle and sacrifice of time.
when I lost bitcoin then I will live and sleep all day.
Atleast you can't lose more then you have. Imagine if someone 'hacks/cracks" your credit card, you could make a much bigger loss.
full member
Activity: 193
Merit: 100
October 16, 2016, 04:27:17 PM
you just nee to keep your bitcoin in a safe place mean you should distribute your bitcoin in different wallets because if your bitcoin once stolen the you will not be able to recover your bitcoin therefore it is better to careful about yourself so that no one can steal it from one.
Best ways to have more than one wallets. Nothing can be done once you lost your bitcoins. Hence, plan and secure your wallets with the points given by the sites. Be more vigilant when you sign in to your wallets. My friend was sharing that he had to loose some money from his wallets. I mean his money had to be hacked. He could not do anything later. Gone is gone. So secure your wallets.
member
Activity: 68
Merit: 10
October 16, 2016, 12:33:10 PM
you just nee to keep your bitcoin in a safe place mean you should distribute your bitcoin in different wallets because if your bitcoin once stolen the you will not be able to recover your bitcoin therefore it is better to careful about yourself so that no one can steal it from one.
legendary
Activity: 1414
Merit: 1001
October 16, 2016, 09:29:08 AM
it was a nightmare. I never imagined I could lose bitcoin I have. get bitcoin requires struggle and sacrifice of time.
when I lost bitcoin then I will live and sleep all day.
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