Bitcoin Forum

You spend your hard earned money, you spend your saving on these risky investments.
You do everything to the letter, download wallets, keep all passwords safe, you research exchanges so you don't get conned.

Then these FUCKWIT developers CONSTANTLY do snapshot and change wallets.

You go away for a couple of months and you come back to find out that you can't access any of your altcoins and that your hard earned money is just simply GONE!

I refer to IOTA, EOS, SHIFT. I owned sizeable amounts of each and now my money is just GONE.

 ??? Why bother with thisFRAUDULENT SHIT. 

Why would you invest money into very high risk avenues and stop paying attention to it? At that rate- why take it off exchange? Just leave your garbage on Binance if you don't actually care for the project/what you can do with it.

Invests in risky investments. Complains when loses money. Seems like you don't have much of a leg to stand on at this point. If you know it's risky you've got to be paying attention to it.

Don't take it personally but looks like you lost your money because you were lazy & why you did not followed at list twitter handle of the project you invested with notification on or email subscription?? You could have gotten quick update about the current happening in the projects & time to act on time. From next time keep your altcoins in exchange if the coin is still under development & which have not launched its mainnet as exchange takes care of up-gradation now a days.

People place too much emphasis on alt coins in an effort to earn big
gains quickly. They see the likes of the longer established crypto as
"too expensive" and opt for cheap alts so they can hold vast amounts
in the hope they pump and release big wealth.

It has been posted before that bitcoin market share has been diluted
by too many scam alts when all this time Bitcoin has been the one
which we should be concentrating on.

In the case of EOS, cant you send them to Binance to convert them to
new EOS? Check here > https://www.reddit.com/r/eos/comments/8ok3i9/how_to_swap_eos_token_after_1_june/

You don't need to hate them.

Most of them will go away soon anyway. Just stay with the most reliable one, bitcoin, and keep ignoring the shitcoins and you'll end up fine.

Well aren't we all smart  ::) Imagine a world where I would have to keep looking at my bank in case they decide to close my account and if I didn't press a button to transfer my money to another made up account that I would lose all my money  ::) without even a text or an email to notify me  ::) ITS FRAUD. THESE GUYS ARE BANKING ON PEOPLE BEING UNAWARE SO THAT THEY CAN KEEP THEIR MONEY!!! ILLEGAL THEFT AND ILLEGAL FRAUD

There is no one to blame but yourself, why would you do investment then do not even bother to follow basic news, all the coins you mentioned is famous and well-known coins and you could have easily follow their news on any Crypto news related website without even bother to follow their channels or telegram etc. It is your fault man so just accept it.

I shouldn't have to keep changing wallets and keep going through complicated process just so my money isn't stolen from me. Crypto will never succeed with this BS.

I can understand your frustration. There are many coins or new project like to swap coins or change wallet all the time, sometime you miss the swap date, then all the coins will become worthless. I think I am not going to invest any money to coins which swap all the time, swap meant for me a scam.

Thanks for your understanding. Yes be very wary of these cons in disguise.

Actually i just heard someone that left their investment especially in new coins for a long time. But for first, sorry for your loss. At least you can learn something from this that keep update with something that you invested.

I understand what are you saying but you should first analyze the situation before you complain take time to analyze why you lose your money just because you don't know how to trade and specially investing in crypto was to risky weather you lose or you earn. Before you invest take time to analyze on that coin.

The number one rule for every investor is information. You must keep yourself informed about latest moves, news, updates and exchange listing (which includes a price alert to indicate how much growth the token has witnessed in the short or long run)

Altcoins are the best waves of investment in crypto currency, as long as you can make the right research and right information spot on.

The space is still evolving and we are still part of the early adoptors. hence you must be available to dedicate part of your time to regularly check for update about each of your investment as several developmental changes takes places regularly.

You just lack the knowledge.

You shouldve known from the start that these are new coins that you have invested with.
You should be more careful about it. It is your money you have spent and you cannot just leave it like that.

Perhaps there are ways to recover them. Before making any mad accusations try to contact their customer support or at their telegram. You never know, there might be a solution to it.

Next time invest in a much trustworthy coin.
Example: Bitcoin.

Don't invest in crypto if you can't handle the risk, alt coin is a very risky investment, and don't expect too much in alt coin, most of the time the price movement in a very unpredictable way, for now a lot of coin had drop down and there is still no sign of recovery, my suggestion is to invest in top 5 coins, even if the price fall down there is still some chances to recover

The first thing is if you have some extra money to invest in risky things, you can definitely go with cryptocurrencies. Please don't invest your all money to cryptocurrencies.

The next thing is, if you invest in some coins or tokens, please keep in touch their upcoming news. Don't forget those coins and tokens after bought. Because some projects have mainnet updates, tokens swaps etc. You always keep in touch with your research until sell that coins and tokens.

Cryptocurrency truly is a risky investment ,for some reasons ,because it is a digital investment and transactions and works are done in the internet and on line, so if you do not like in altcoins so where would you be , altcoins are part of cryptocurrency, if you are planning to go into this investment, you must study and learn about cryptos, the movement of the market, here in cryptocurrency you learn many things and ideas.

First job to do when you invest money somewhere is follow the updates , news on social media . I always follow all the projects i invest and never had a problem like you . I had 3 projects where i did need to do swap for new tokens as contract had a flaw . The ones who didn't swap lost it . Unfortunatly that sucks , but there is currently nothing we can do about it . Maybe if you speak with devs , they could help you

I think it's not a good advice...
Binance can also be hacked as it was happen with Cryptopia...
Good advice is: when you invest money in some project, you have to track it...

The risk of investing in cryptocurrencies is relatively large, and you must keep an eye on the development of the project so that you can make the right decisions in a timely manner.

I think you entered this crypto world without consideration and knowledge. All jobs have risks, especially those related to money. Crypto has a huge risk and you must be careful before doing so.

your only problem was having high expectations, that's all.

if you lower your expectations and start looking at altcoins more realistically then you will be fine. 99% of the altcoins have 0 long term potential. i have been saying this for nearly 5 years now but people seldom listen and still "bag hold" and then complain about them. but all the altcoins can have awesome short term potential. so all you have to do is to only get involved with them during that short window of opportunity and then make your exit before the dark days of dumping begins.

right now, you have gained a valuable amount of experience. granted you gained it the hard way and paid for it big time but you gained something that is worth a lot: experience. and that can help you in the future to not only make what you lost back, but also make a lot more profit only if you learn from your past mistakes.

You need to be able to access your crypto wallets or exchange via mobile.
A lot can happen if you are gone for a month or two and it might result to lost of funds.
Minimize fiat exposure as well that are being converted to crypto asset.

Bro thats cryptoooo, you can't take your eyes off of it

Sounds like OP probably should have saved his private keys somewhere. Its likely he can still get them out of the old wallets, should probably look into that before punching a hole in the wall.

All the forms of Altcoin were used only for trading, but some of them can be considered as a reality coin which can be used in the real world.

Damn that is not good did they not announce that they are going to make a shift, there should be a time frame and it should be long enough for all holders to know this, that is why it's important to open the telegram channel and get the latest updates even once a week.

I think you acted carelessly when you left everything for a whole month without tracking the information, as a result you got such a result!

You should not be investing your saving in anything if your not prepared to lose it. You should not be investing at all if your not prepared for the upkeep. Even with Fiat, if you leave your money with a bank or anyone, you risk it.  It's sad that you have lost your money, but you have no one to blame but yourself.

I can clarify that I have got access to my IOTA wallet. IOTA not scammy and great because they take care and respect their investors.  ;D Amazing though that so many people here are willing to accept a "go fuck yourself" attitude when investing. Protecting wallets of dormant users should be a priority also.  ??? What if you went to jail for a year you lose all your money or your parents are cross and ground you from access to internet for a year? you lose all your money. Too easy.

I think I can get access to my EOS I haven't bothered to try yet cos I've only 500euro invested but should be ok, i will clarify in due course.

Shift however I think from a general look I won't be able to access my coins but I didn't invest much there cos I suspected they scummy.

Remember if you accept these standards now of losing wallets on a whim then continue that course and crypto will never be main stream.  ::)

I agree with you to some extent, but on the other hand, no one forces you to invest in cryptocurrencies, so the entire responsibility is only on you. You have decided to invest in cryptocurrencies waiting to make money, but it is not always possible.

I do not understand where you store, I see the coins that you buy are all big altcoin in the market. It cannot disappear like that, because users only need to use private key or json and pass to be able to access their wallet

Personally I have no hatred for cryptocurrencies, and I prefer to follow the development and all the news, each of my coins / projects, so that there are no similar problems like yours, especially if you have a large number of coins. Therefore, I believe that the safety of our coins depends on us.

It seems to me that the topic itself is comparable to the absurd. If a person hated cryptocurrency, then he would not be on this forum. Most likely, the person did something stupid and took loans to invest in cryptocurrency, but in the end he lost everything. This is where the source of many hate cryptocurrency can be.

That is good to hear. And you do bring up a good point, it should not be impossible to access your funds, should you step away for a reason. Like the BTC forks, all you need is your pk to access the new funds at any time. But most of the time when there is a time limit as was your case, the network is switching to a new network and this is generally communicated and planned from the ICO. If a project were to switch randomly and without notification, then I would call them scammy. They also wouldn't last long. A huge part of crypto is personal responsibility, as you already know.

There is always risk. If you've participated in some bad projects it doesn't mean that every project is so bad too. There are many cases that people earn a lot of money by investing in different projects. Therefore, you just need to choose good projects and conduct analysis.

No I didn't  ::) I invest spare change which is a couple of grand for me  :P

Then quit your bitching, spare change is still change for some people.

So why did you keep your coins on the stock exchange, because every month we read in the news how they are being hacked!

It is usually very annoying to have such fraudulent experience. I had similar issue with my xDAC which I left on Idex only for me to now realize that the token no longer trade and I also cannot withdraw it either. Now worthless.

That's why you should keep track of every single project, even from the top. And that's why I like BTC and ETH. I hate countless coin swaps as well. BTW as I know there is a way to make a swap for EOS if you have erc20 version even now. Check this article (https://eosauthority.com/blog/how_to_generate_your_EOS_fallback_key_from_ethereum_private_key).

Yes, I agree with you in part. Just many of us are looking for a way. The way to become a little richer. Working hard every day we invest to get some profit for ourselves. But a couple is difficult for us to come up with a quality solution.

Investing is always risky that's why you need to be very careful in every decision you make. You need to have enough knowledge in order to make wise decisions. I know that some of us also experienced this and they don't blame cryptocurrency. Invest the money you weren't afraid to lose , if you ever lose it then its your fault. Cryptocurrency is full of hackers and scammers so you really need to be aware in everything.

Are you expecting for the quick profits? In 201, you may get it. But if you really believe in cryptocurrency, you must know that the crypto is very fluctuating and full of risks and surprises. You must have the wise decision when investing in that much coin. Now, you don't need choice, you must be more patient to wait the market better at least one year later.

I am sure when you invested you thought differently. In my opinion, you are to blame yourself, you had to monitor your projects, because your investments depend on them.

do you want cryptos to die?¿ just leave and never return. This is what 90% of the people are doing, this is why crypto is 90% down.

Well i think you dont get the whole idea! cryptocurrency is the future, as we all know crypto was still in its infancy and needs time to improve more. in your case that you lose your assets maybe it was all your fault because you did not do your part as a responsible digital asset holder. and the platform you mention was still alive til today so dont get mad just chill.

I could remember investing into creamcoin in 2017 and I have tried to access my account through that year and I could not access after the online wallets was having problem. I think it is too risky to invest into icos but for others coins like bitcoin and ethereum including think there are safe to invest in.

first identify what risks occur if you invest in altcoins.
don't after that happens you regret that it won't do you any good.

You hate crypto currencies, but you invest your money in these currencies. you even joined this project to discuss the development of crypto currencies.
what is wrong with you?

All forms of investment that we do do have risks. It can be a big or small risk. What you experience can be said to be very sad. I am sorry for what happened to you. I also experienced this. It's really disappointing. But from all that I learned and I started from the beginning again. Because the crypto I do makes me happy.

It seems to me that all these changes are aimed only at one goal and that is to reduce the number of users of cryptocurrency, and at the same time, take their assets in a certain way. Each of us hopes that the coins are in the wallet and you can not look at them for a long time, but in the end the coins can be lost.

If you want to earn money you need to enter the risk of losing them. It is pretty simple but a lot of people do not realise this. They just want to make x20 from each coin and if something goes wrong they are crying and saying that the whole industry will die and is worth nothing.

and what else can say those people who did not consider their actions, rushed to the cryptocurrency, as the source of great wealth. At the same time, having no experience and not taking into account the present conjuncture of the cryptocurrency market. As an example, we can cite the situation when users invested at the end of 2017 a lot of money that they borrowed or sold real estate. The results are known to all.

You want to just buy coins and not follow out the development. This is a very frivolous attitude to your investments. You must understand that the coin can be updated or carry out forks and for this you need to move it to the wallet or to the exchange, which will support the update.

We are at early stages of crypto, so investing money and then leaving for long period is a false tactic. You must monitor your investment, crypto is not a bank and carries more risk then leaving your money in a bank. This is why it is a high reward, the risk is still big. Otherwise, leave your money in a bank and get a small interest rate.

You should understand that cryptocurrency requires you to be constantly up to date with the news. If you decide that you can just buy a coin and forget about it for a few months, then you are wrong. This should be a lesson for you, because in this situation only you are to blame.

You said the word "risky", so you probably knew the risks associated with it. You invested a huge amount on those alt coins and you did not even bother to keep yourself updated with those coins. So, i guess you are to blame yourself for most of the loss you suffered. Next time if you do invest again, make sure to keep track of it.

Buying altcoins doesn't mean you just store it on the wallet and come back a few months or a year, you should be responsible on following the updates of that coin so you won't be left behind if there some important things to secure your coin.