Topic: What type of advice is worth giving such people? (Read 812 times)

To learn from their mistake and try to know what caused their bitcoin to be hacked more than once. Whether it is been compromised or not.
According to a saying that claims when an incident occurs more than once, it is no longer a mistake but is instead a well-planned act that needs to be corrected so, as not to happen again. It is very bad for someone to lose his Bitcoin more than once when actually it is not supposed to be so unless the person gives out his seed phrase or connects his wallet address with a phishing site that dampers people's crypto funds.

You can't force people to like what they hate under justifiable grounds.

The fact that these people had all the rights to put down bitcoin and be scared or hate it is enough grounds as it is to actually just leave them be since everything that you would do/say with the aim of putting bitcoin in a better light or crypto for that matter will be considered as you coercing them into investing again. In my opinion the only surefire way we could attract these people back into the game is to actually just wait until bitcoin is in a better state price-wise. This may hopefully stoke their confidence into investing to bitcoin and cryptocurrencies again but we can't force nor suggest and advice them to invest again in crypto. Losing your money over a trade is something, losing it to theft is a much harder pill to swallow.

I have started from the scratch more then once. For me this is one of the few things i actually know something about, and i feel i have invested too much time in bitcoin so that i could throw it away. Knowledge is power and with power you can get money. It's a saying with literacy: write what you know. Same things goes with most of the knowledge. If you have become expert in something, you can and should monetize it.

Sure, one can go back doing something else they are good at, but imho i see it as an edge that i even know something about bitcoin. Why would i throw that away and bother to learn something completely new to monetize, just because i lost my btc from time to time.

Invest carefully and cautiously, most particularly for bitcoin. Hacking is very rampant online so make sure to secure your wallet first and never disclose any personal details about your seed phrase as that could put your wallet into danger and steal all the coins you have stored in there. People lost their bitcoin due to their own carelessness, so if they will change that, their bitcoins will be safe and secured.

I havent experienced on losing money due to hacks of my wallet ever since i had stepped up into this market because im really that very careful when it comes on securing my private keys even though im just using 3x
flashdrives but so far i havent been hacked (hopefully not or ever). It all matters with the things that you are doing because if you do find yourself that too careless about your PK or exposing it easily on others awareness then for sure you would really be losing your money.People wont really be that doing those security-related things on the time that they wouldnt be experiencing those lose of funds and this is really that a bad habit.

Dont make yourself goes into a point that you would lose money first before you would really be mindful about security. Why you cant do it before disaster happens? You would really be able to avoid
those disasters or moments on being hacked if you are really that careful on securing your PK's and dont exposed it into other people. Advise? It is really that common on which neither make use of those HW
and keep those PK safe on others peoples awareness or possession because once exposed then say goodbye into your funds.

When a wallet with BTC or other cryptocurrencies is hacked and these funds are stolen, the attacker understands that he can continue to do this because he received a “reward”. If everyone who uses cryptocurrency takes better care of their wallet, passwords and other things in financial security, then they will receive these “rewards” less often. Therefore, protecting each wallet is important for the entire cryptocurrency community as a whole.

If someone got hacked not once, but twice or even multiple times then it's more than likely they are making several mistakes on their journey. There are dozens of measures you can take to protect your cryptocurrency and the more of these measures you are following, the lower the probability of your wallet being hacked. Most people do not take any security measures at all thinking it's not worth wasting their time doing it, and they are the most vulnerable to being hacked since they repeat the same mistakes over and over again like using the same passwords, usernames, email addresses, internet connection, browser, operating system, etc. The only advice you can give to such people is to take their time learning more about how hackers operate and how they can take higher security measures for their wallets.

If we have made the same mistake several times, it would be better for us to choose to stop for a while to invest. It would be better to seek knowledge about the mistakes we made and correct them and if we feel that we already know what made us lose our bitcoins, we lost and we have corrected them how we store it well so that no one can hack it. When investing in Bitcoin, we need to have a lot of knowledge and continue to look for information about this and if we have people who can accompany us in learning about this, it is certainly better.

What I can say is that "please forget about investing in Bitcoin if you can't change the way you keep it". Getting hacked more than is not usual anymore, there is certainly a problem for us, and if we still continue doing this, the same thing happen again. So, it is better to move on or make someone to keep while using our money instead of keeping it in our hands. In some instances, if we can't do the right thing, might others can do well. I'm sure it work provided that we choose a responsible person as well.

I have never lost my bitcoin to hacks. All cyber security measures have been activated. However if I ever lose my bitcoin to hack, the reason I will not give up is because that is the only option to financial freedom and generational wealth.

Yes, why not. I'll only have to be more careful.

However, the OP claims that a hacker stole his wallet more than twice. Literally, it appears that the victim of the hack does not learn. I'm not sure how much he knows; he doesn't seem to alter his communication style, and he doesn't seem to comprehend how to protect himself from hackers or what they do.

If I were the victim of the bitcoin theft, I wouldn't let it happen again; instead, I would exercise caution, educate myself on the basics of bitcoin, and steer clear of phishing and hacking. .

People get hacked because they fail to secure their wallet. This is very common to all those irresponsible owners who keep investing but we’re not responsible enough to invest with caution. That is why some people get hacked because they are also the one who are giving hints to the hackers. Otherwise, if people are very careful and cautious every time they invest, then hacking will certainly be stopped. But I don’t think this is possible as people only learned their lesson after they experienced some hacking incidents.

The advice is very useful but not enough and in my opinion, we need to have complete knowledge before wanting to invest in bitcoin. Not only have knowledge about wallets and how to store passwords, but also basic knowledge about security including how to protect your computer from hacker attacks, viruses, strange links...in general, all related knowledge about bitcoin. We should not ignore anything, knowledge is never redundant or wasted. Always learn and absorb new things, don't be too stubborn and only blame when problems occur.

Im really sorry to hear about what happened to you. Unfortunately, many beginners face it. Im glad you learned from this and are now taking safer approach. A non-custodial wallet is indeed one of the best ways to secure your Bitcoins. After all, you hold the keys to your own house.

Add 2FA to all Bitcoin sites, remember that. Please remember that deals that look too good to be true usually are. Criminals are becoming smarter at their tricks. Some even make fake apps and websites.

So, its not enough to just set up security features; you also have to be careful at all times. Always double-check URLs and update software.

"a stitch in time saves nine"

You can lose your bitcoins because of some mistake, it happens, but if you lose them a second or even a third time than it means you are not willing to learn from your mistakes, and that is a very dangerous game to play when there is money involved. And usually these people don't blame themselves, they blame bitcoin...

It is natural that if someone keeps his savings in Bitcoin for a long time and that bitcoin gets hacked by a hacker then his eagerness will be broken. If this happens more than once in one's life then it will definitely be a bit difficult for him to save bitcoins. Because that person will lose faith in Bitcoin. But what we should do as a holder is to keep our bitcoin safe. Just holding bitcoins in a wallet is not the end of the work. Where and how bitcoins are stored is also an important issue. It is my responsibility to protect my own wallet. So Bitcoin is not responsible for Bitcoin theft or hacking due to my carelessness. I will definitely adopt more advanced methods to preserve it.

My advice to a bitcoin holder is that one should have a good idea of his wallet before depositing bitcoins. Having a good idea of which wallets are safe for bitcoin or how you should store your passwords or key phrases and then store your bitcoins.

It is not easy to bear the pain of losing something that you hoped for good so if I was in their shoes I would have done so too or even worse.
I haven't gotten any Bitcoin yet but still planning and working towards it so the experience of losing Bitcoin I don't have but using what happened to others as a lesson, I will not still give up on what am doing, I'm someone who don't easily give up. There is a quote from Nigerians that says " We are Nigerians we don't know how to give up" that is just a typical me. Never give up.
Yes, I can keep buying Bitcoin even if I was hacked, so far as I have lost a dime I will make sure I double up what I a have lost. The difference will be first after losing my Bitcoin to hack I will raise an alarm and call on the professionals in Bitcoin related issues and complain to them, get advice and stick to it. So that I won't lose again
My advice will be not to give up but I will say it in a way that will keep the person motivated not to give up on his way to succeed. There are six things I have written down that I keep as a secret to what ever I want to succeed with but I will share it with the person and here too on this forum;
1. HARDWORK: Don't believe in luck, believe in hard work. Stop trying to rush the process on that ever you are doing so far you have a dream don't rush the process or searching for a shortcut. There is NONE
2. PATIENCE: if you are losing the patience, you are losing the battle first nothing happens, then it happens slowly and suddenly all at once most people give up at stage one.
3. SACRIFICE; if you don't sacrifice for what you want, then what you want becomes the sacrifice. Everything has it price. The question is are you ready to pay it for the life you desire?
4. CONSISTENCY: Consistency is what transforms average into excellence without consistency, you will never achieve greater success.
5. DISCIPLINE: motivation gets you going, but discipline keeps you growing. There will be days when you don't "FEEL" like doing it. you have to push through those days regardless of how you feel.
6. SELF CONFIDENCE: Confidence is, I'll be fine if they don't like me or what I do. There will always be someone judging you for who you are and what you want from life.
If anyone applies this 6 things to what ever they are doing, it will surely end in good results and that will be my advice to anyone at the hedge of giving up on Bitcoin.

I wrote this down from somewhere but I can't find the source and thank goodness I shared it here and I'm back to use it again

Yeah, if you value your bitcoins then you have to treat it as if it's part of your life. Those that haven't been hacked, then that's good and I am one of those that luckily never had been a victim of it. Maybe with the background of knowing how to protect myself and I am not curious with those random emails, spams and messages that I get that I know that I shouldn't click because it could contain some virus or malware or any sort of that really helped me.

That's right, it's like protecting your own bank just as what we know what it's like to be owning Bitcoin. There's no other people that should be responsible for keeping our own bitcoins but us.

Trading certainly requires a fairly extensive knowledge of how to do technical analysis and Fundamental analysis.
Not by just guessing because trading is related to how a person analyzes the market and knows when to buy and sell.

There will be no easy scenario in trading, as many professional traders guard their positions.
Who can't hold on then they will lose.

Holding Bitcoin and continuing to be patient will give good results rather than having to trade quickly but not understanding the trading science needed.

Back to the topic of the thread the OP is discussing, Security is very important for trading and investment to run well.
So that there will be no loss or hacking that makes someone leave and no longer want to deal with Bitcoin or crypto.
Obviously, they have been mentally damaged by the hacking incident, but it will be a valuable lesson.

Not just shitcons,
Most of the cryptocurrency investors of our time have the idea that, they could easily get rich just by investing. Yes. You could make some profit but, that’s more reassuring with bitcoin. Altcoins might have certain capabilities to enrich you but, that’s one out of a thousand of them out there and it’s a matter of luck to find that one altcoin that would boom. You can’t be an expert about it.

Other think of trading even with zero experience on trading. Trading is highly professionalized and filled with very many experienced traders and you would be gaming with them all with your inexperience. How do you profit in such scenario. It’s going to be errors after errors and no one would be going easy on you.

Buy bitcoin and hold becomes the safe zone for those who can have patience.