Bitcoin Forum

Most people never knew Bitcoin will be this huge and important because I wish they do everyone would've at least have 10 of it but again there are people who have this Bitcoin but because the value then was not encouraging most people lost their wallet password,  am saying this because I know most people do actually lost their wallet password before they heard Bitcoin is now a great coin.
However,  what am saying in essence is that whatsoever coin you have or you are mining please keep it safe and don't forget your password very important because you can't and will never recover the password.  I believed within a short time most of these coin will have a great value,  a value that one of it will change your story.

Unfortunately, I got into Bitcoin around 2016 and couldn't get more BTC when the price was still below $1 a few years earlier.

But early holders of Bitcoin not only lost their keys because they were not stored, they made the sale early because at that time Bitcoin was still worthless.
And a big transaction made with Bitcoin is the purchase of pizza with 10,000 BTC.

If the initial holder could hold back until now, then he would have become very rich with Bitcoin, but in fact they have sold early.

And those who lost the key or those who have died and did not pass on the Seed Phrase to others.
The address with a lot of Bitcoin will only become a graveyard of Bitcoins that will no longer be able to move.
So there is less and fewer Bitcoin supply available in the market.

This sound's too fairy tail
If you hold a bad coin
Your investment will forever be in red
Not all mined coins ever get launched
If you lucky it does either the profit is minimal or life changing
About the loss of password
Some were outside the owners control
Like something happening to where the password was kept
Or the owners losing their life without sharing the password (location)
Guess the best is having more than one relatively secured location
While forgetting of password?
I'm not sure anybody know their Bitcoin wallet password in memory.

Edit: I skimmed through the 10Btc for everyone
Even at full circulation everybody can't even have 0.01 BTC.

At first, every new innovation takes time to get accepted into society. Although there are some people who are good at first adopting a new technology and becoming early adopters of that technology while watching to see how things unfold about that technology, that was the case with bitcoin. Some were skeptical about it; some watched it from afar. While some just tried it to see how it went, although people never believed that it would be this important and sold off at the early beginning, while some lost their phrase just as the previous reply stated, and some holders are already late without passing their keys to their loved ones, these lost bitcoins would actually make the available bitcoin more scarce and valuable. And in time to come, the price would be higher than it is now, and the adoption rate would be very high enough to trigger a global and massive integration of bitcoin into the government system all over the world.

First of all, it is not possible for everyone to own 10BTC as there is just 21M supply and the circulation of the supply is even lower, so whatever you own better keep it safe and hold strongly, never fall for a sale in a few bucks, keep accumulating to fill the desired amount gradually.

What does that password mean? Becasue here in Blockchain all the transactions are processed with the public and private keys, so what needs to be secured is the seed/master key. That's also a proven fact that many people lost their key access and now the wallets are dead, At the same time some crazy people are trying to buy old data files in the black market to somehow crack big treasures. I haven't heard of any such successful attempt.

According to the estimation currently, there's a 6M Bitcoin supply suspected under the dead wallets, how-much-bitcoin-is-lost-forever (https://www.makeuseof.com/how-much-bitcoin-is-lost-forever/). TBH i think there a massive amount which is still accessible.

Only a few people believe that Bitcoin's value will increase in the future. Others felt it was a joke but I don't blame them because the project was new and unconventional. Everybody was used to fiat money so it was very difficult to believe that virtual or digital currency would become a legal tender. Those who lost their password or seed phrase will live to regret their actions and it is a lesson to all of us to always keep our assets safe regardless of their worth currently.


I cannot verify the reliability of other coins but I am sure that Bitcoin is worth hodling. The coin has proved over the years to be dependable. I cannot vouch for other coins because many worthless coins are developed every day.  There is a report that claimed that close to 1,700 and 2,500 have failed and ultimately disappeared from the crypto market. So you have to be careful of the coins you keep because they might be worth nothing in a few months or years.

We read stories of people losing access to their wallets due to negligence especially in the early days. I remember reading a  of one guy that wanted to dig up a piece of land to find his hardware wallet containing 150m worth of bitcoins (https://amp.theguardian.com/technology/2022/aug/02/man-hopes-ai-and-robot-dogs-will-help-recover-150m-in-bitcoin-from-landfill). This is just one out of many. There are others who had bitcoins in websites and have either forgotten the passwords or the name of the website. Truth is people place value on things that have value and back then bitcoin wasn’t this valuable. Now that it is, everyone is scrambling for a price of it.
 
Don’t be surprised most of the popular altcoins you see today may not exist in the next couple of years. That’s just the reality of shitcoins, it’s a gamble. Sometimes it works and most times it doesn’t.

You bet! Butt without these constant reminder, people may have already learned the past mistakes for not keeping those bitcoin safe not expecting for it to go this big. Those are the once in a lifetime opportunities, but as people did not expect it, all of it has gone to waste. I'm pretty sure people nowadays are now keeping the coins they have accumulated from the smallest purchase down to the airdrops they got, hoping for a game changing results.

Welp. It do be like that sometimes.

Bitcoin's rise to fameand glory isn't something that you can emulate in just a snap of a finger, so while I understand, and I wholly agree with not forgetting your keys and seed phrases, I say we can't really control what and how people will do in this situation, especially when you consider the fact that for the most part, to get rich in this industry you literally have to wait years and years, and even then there's no real guarantee that you're getting anything in the end. So yeah, don't forget your keys and seed phrases, but don't beat yourself up if you did.

There are many old wallets where I have lost the recovery phrase or private keys. Some of these wallets were used for claiming airdrops or bounties and I quickly forgot about them because the coins weren't worth much or I dumped my holdings. There was probably not much value in those wallets except for perhaps my Shapeshift wallet. I remember claiming an airdrop from it but then I deleted the wallet, a few years later they did a bigger airdrop where people were claiming thousands of dollars and when I tried to re-install it to see if I was eligible I could not recover it. Fortunately, I still had access to my Metamask wallet which was eligible and I made a nice profit from airdropped FOX tokens.

If there's one thing that is certain about the realities that the Blockchain has opened our eyes to, it is that the future of money being decentralized intotal is feasible. Countries like El Salvador, even Britain use crypto, specifically BTC for payments.
I can also agree that the issues of taxing cryptocurrencies is one that is going to make it cement its place in the world history as a decentralized money that is an alternative to fiat currency.

This post brings up a good point that we should be mindful of where we discuss different cryptocurrencies.  But, since this is a Bitcoin forum specifically, it would be better to focus just on Bitcoin here and take conversations about other coins to the Altcoin section.  

Keeping all your account details secure is certainly important no matter what - your password, wallet recovery phrase, etc.  Of those, the recovery phrase especially allows full access so guarding that is critical.  But really, all sensitive info like that should be treated carefully.

However, there is still time though to accumulate, it might not be as huge as what we plan because everyone is late or the timing is bad, but you need to be very positive and look for the long term, at least 5 years will be good to see and gauge if you really make it here.

Of course, you need conscious effort to accomplished it, like slowly accumulating and then holding and protecting all your assets be it bitcoin or any other altcoin if you are into it. So don't be discourage, and just look at bitcoin, one year ago we are at our lowest low, but check the price right now, we have gain more than 100%.

And I think investors in the last couple of years are getting smart and knows how to safely secure their private keys or mnemonic phrase.

This is indeed a Bitcoin forum where the focus is to discuss about Bitcoin but it is also not wrong to discuss altcoins because there's an alternative board for it. You may say that this forum is now for altcoins and coins but as you have said that this forum main discussions is all about Bitcoin. I agree that this should be Bitcoin discussions and not altcoins but there times where Bitcoin is compared to altcoins or bitcoin is mentioned together with an altcoin.

I understand what you're trying to say, but let me bite on this statement about most people who knew about Bitcoin back then. The truth is that we keep forgetting to factor in the strong possibility that even if you bought Bitcoin back then, you would have likely sold it long before now. Someone who bought at let us say $30, even at $ 1,000 will sell off. So these people we calculate to be early birds, they most likely don't have Bitcoin anymore. Even the guy who sold the most expensive pizza for 10,000 Bitcoins, he lkely has an empty wallet for a really long now.

Coming back to your topic, Bitcoin has taught us a lesson, and I believe that record has served as motivation for many people, and the decision to hodl is now even stronger.

well even though bitcoin’s potential was explored before, not everyone believed in it and in result people did not give much importance to the coin

it sucks to have found out about bitcoin a little later but for those who invested early, they might not have the information we have today the creation of internet was revolutionary but comparing the internet before and today there’s such a huge difference

in a way because of the early investors’ past experiences and mistakes, we got to learn and now we can avoid doing the same mistakes

True, but what is done cannot be undone. I guess there are many people or holders of bitcoin who, in the past, forgot about their wallet or lost their seed phrase, which is important for them to access their wallets, but that's their fault and also their biggest regret. It's just that they are the few who missed the biggest opportunity, or, let's say, bitcoin was in their hands but slipped. Well, it can't be helped.

They still have a chance to invest in bitcoin, and I think they do. Also, that's why there are a lot of bitcoins circulating in the market, or liquity; those are the bitcoins we considered locked or forever lost. For example, like what I've mentioned about forgotten wallets that contain bitcoins or hard drives that have bitcoin, there are a lot of stories regarding this scenario. So it's a lesson: keep safe with your seed phrases, as they are the keys to your fortune.

We should not throw away old wallets because in this market anything can happen. Not only with the bitcoin wallet, I also kept the bounty wallet and airdrop wallet for many years. Although they are not valuable tokens now, anything can happen as you have experienced. Since joining the market, I have never lost a wallet. I store wallets that are no longer in regular use on my own USB. I advise people not to throw them away because anything can happen.

It always hard to tell what will happen in future about Bitcoin price and that why we are been advised by some people in crypto industry that should invest what will can afford to lose. Even now, we assume that it is possible that we actually know how the Bitcoin price will increase. A lot will have accumulated some huge numbers of Bitcoin, but because nobody can actually tell what will happen to the price of Bitcoin, they are investing what they can only afford to lose. Despite this,  there is little hope that Bitcoin may continue gain value due to its history of halving that backs it up.many people that have lost their wallet passwords at past. It may not be because they are not aware of Bitcoin price gain value, but it may be because they are not properly oriented about the wallets. Even now that the Bitcoin price is so high, some people are still losing access to wallets because they not well proper oriented.
Yes, you have provided sound advice, but the truth is that I will only suggest buying Bitcoin and not any other cryptocurrency because a lot of them pump and dump and end up being worthless forever.I still won't advise anyone to invest in altcoins with the belief that they would increase in value after they dump. but it is a good idea to keep any wallet you have with any kind of coin properly because it may be possible can rise again, but probably of many altcoins to again is very low expect Bitcoin. Many of altcoins were made only to scam people, thus I think they will never rise again.

There is not enough bitcoin for everyone to have 10 BTC, that is part of what it makes bitcoin valuable, and while I do think there were many people that got surprised bitcoin was able to gain so much value over a period of time that was relatively short, there is not really any excuse for those persons to lose their seed words pr private keys.

Because from the beginning they have known how bitcoin works and they knew they had to keep that information safe, so they have only themselves to blame over this.

Although the possibility was already hinted at a very early point in Bitcoin's existence, it was probably more of imaginary that each coin would reach as high as $69,000. Possible but highly improbable. To look forward to Bitcoin reaching $50,000 was certainly a far-fetched idea at those early moments. If you've got thousands of them for next to nothing and the price rose to $2, would you rather grab the opportunity to sell it or you'd risk keeping it for that slim possibility knowing that it could go back to nothing?

op Thank you first for discussing such an important topic. To be honest, there are still many people who keep their bitcoins in the wallet or forget the wallet password. So we have to carefully enter our wallet password so that we don't forget this password. If we are trading in something as important as Bitcoin, we must keep our wallet safe. If not, the chances of damage will be high.

Yeah, many have already lost their Bitcoins forever because of forgetting the keys, seeds, etc. of their wallets.

If it is not for those early adoptions, the market wont grow this much. But thanks to them and to those lost bitcoins forever, they have already contributed to the market for having that retained value.

Probably some have died already without even telling their wallets password and recovery seeds.

It is a fact that people never imagined that Bitcoin would be so valuable. When the price of Bitcoin was absolutely worthless, people bought these Bitcoins without caring about the value of Bitcoin and even if they lost their password, they did not try to recover it. If we consider from our current position, we are not valuing this shitcoin which is worthless, just like it was when bitcoin was very low and people didn't value it that way. I haven't been on bitcoin forum for long and haven't invested in bitcoin. But I keep my bitcoin wallet very secure and password seed phrase carefully. Because I know if the seed phrase is lost, I won't be able to recover it.

We'll never know for sure... Bitcoin might either end up being worth nothing at all, or it could become valuable due to its very limited supply. Time has proven that Bitcoin has become valuable. This isn't much different from any coin or possession you have right now. As long as the future remains unpredictable, and there's no time traveler from the future telling us what will happen, we're still making educated guesses. Keeping your private key isn't a bad choice, even though in the worst-case scenario, it might be worth nothing.

Bitcoin serves as proof that in its less than 15 years of existence, it has already brought many surprises. And don't forget, Bitcoin could still drop to zero or become even more valuable than it is now. We don't know what the future holds; it's truly a long mystery.

I don’t think the lost coins are due to people forgetting their passwords. There are services out there which can try and brute force the password as long as it’s not too long or feature special characters.

Most people lost their coins forever because they either threw away their hard drive or they overwritten it. And in these scenarios it’s impossible to recover the lost coins.

Now a days nobody forgets their password or throws away their hard drive because Bitcoin has a huge value.

I remember before Bitcoin became what it is today but this coin started to get quite a lot of attention because several exchanges had appeared, there was a person who posted that he had forgotten the password from a Bitcoin wallet containing 100 Bitcoins and asked for help on one of the local forums in my country and unfortunately he also didn't back up the Private Key and other things related to his wallet, but I didn't follow the development of this problem whether he was finally able to take the Bitcoin or not, but actually it's quite natural that someone doesn't really care about the Bitcoin they have at the beginning of this coin's appearance. because no one knows about the future, like me who doesn't know that one of the altcoins that is quite stable and currently has a high price and lost quite a lot because it used an online wallet and was hacked.
So no one knows the future and whether in the future Bitcoin will still find its new ATH.

Those who were early adopters of Bitcoin somehow knew that Bitcoin will get huge one day and I believe most of those are enjoy their lives already and they don't have to do any work in their lifetime anymore but some of the weak hands definitely lost their Bitcoin because they just considered it as a digital coins which won't get huge by any means.

Those later people might be regretting now because they have considered Bitcoin not much worthy have already lost their wallet access and thus it's almost impossible for them to recover the Bitcoin they had earned via mining or doing simple tasks to acquire some Bitcoin.

I'm not a altcoin lover and that's why I won't encourage others to purchase and hold altcoins but surely any good altcoin may get huge in value in future but the chances of that altcoin's getting 0 in value are also there. I believe that there can be some good altcoins which may start with very low values and later grow as huge giants however there is a lot of risk in that sphere.

The impact of modernity and digital technology is evident across the globe. The impact of modernity and digital methods continues to shape the world in broad and profound ways. And the best invention of this modern age is digital currency or Bitcoin. Bitcoin's value today has surprised many people, as it was considered worthless in the past. Bitcoin is currently overvalued so it is always better to be cautious of our Bitcoin and hold wallets, as you never know what the future holds for various cryptocurrencies especially when it comes to digital assets. Storing them on a USB is a smart move, as it keeps them safe and easily accessible when needed.

We were not sure about Bitcoin's value back then especially if it wasn't even worth around $1 so those who accumulated a lot of Bitcoin didn't even take it seriously to keep them safe and secure, we can even remember the story of a guy who used a lot of Bitcoin just to buy a pizza. Plus if you think of it, owning thousands amount if Bitcoins back then which is worth like a cent, once you see the market reaching almost a dollar, you would already consider yourself to sell your holdings cause profit is actually profit. I think some of the holders back then actually didn't forget their password or seed phrase cause it is actually common sense to write down important things for you to remember, the reason I think they are losing all of the Bitcoin is the reason they might change their hard wallet or even upgrade cause there's nothing to lose in holding something that doesn't even worth a lot.

You are right my dear friend Bitcoin go up a lot. When it was launched many people were thinking this is not a good idea they were commenting it will never be succeeded it will never go up. So people didn't buy it. But Bitcoin just show its colour and still showing and surprise everyone. Some of them who lost the seed phrase. They also think that this is nothing but they buy it for fun. But 10 BTC in one wallet so it is not possible. Because Bitcoin has limited supply at that time when they buy.  And we know that the biggest transaction of Bitcoin was 10000 Bitcoins for Pizza.
By the way there are possibilities that the people who lost the phrases they suddenly find it anywhere and they open their wallets.
But thing is that still some people think that Bitcoin is nothing but soon they will see how Bitcoin will perform. And in my point of this is the time to buy Bitcoin.

Yes, what you say is true, what's more, the superpowers will continue to fight to eliminate this asset with all the means they have so that this asset does not dominate the banking world, of course not long ago the news from the big exchange Binance lost due to violations made Cz resign , This news surprised many people who invest in Cryptocurrency. Will this be a nightmare for the cryptocurrency industry?

If Binance goes bankrupt like the previous big exchange (FTX), what will happen if we have a lot of Bitcoin with no place to buy or sell it. Is this what people fear that Bitcoin will go to 0? As we know, in terms of blockchain technology, this technology is quite good to date and no one has been able to hack it.

Thanks for the advise but I think it has been mentioned thousand if not million of times in this forum about keeping our wallet/passwords/seeds  all the time , safer and being secured and yes that is what we are doing now .
though thanks for the heads up , but I think you must act with that for your funds(assuming that you are Holder) and you must not generally speaks for all coin because there are only few from many that will have great value majority will fall.

This stands true for me as well, I think we shouldn't be careless let it be any crypto whether it's Bitcoin or Altcoin we should remember password and security key, phrases safely as we never know which coin we hold in any wallet can become next big thing.. I still regret my mistake of not having a back up of the password for my blockchain wallet and also not making a note or saving the seed phrase 8 years ago.

But most importantly never leave any crypto just like that for long term without monitoring because it might lead to disasters as well like the one of FTX and Luna.

Most people did not know that the value of Bitcoin would reach the level it is now and the demand for it would increase so much. We have seen in the past many people with large amounts of Bitcoins stored in their wallets who have lost their passwords and are unable to recover them. In the past most people bought their bitcoins and kept them in wallets but now they cannot sell them because they have lost their passwords and are stuck. That's why it's important to store the keys, your funds are safe as long as your keys are in a safe place. We all know that if your keys are lost, your funds will be lost, so the most important thing is to keep the keys in a safe place. And when you invest and keep your keys in a safe place, it can change your future a lot and give you huge profits.

I know exactly how this feels, when something has no value we treat it like it doesn't matter, even now in crypto space I have lost access to few of my coins and I don't worry because they have no good value but imagine one day they end up have good value, that's where I will start to regret.

I have learnt to take this very serious, no matter how ridiculous the value of your assets might be right now do not think it's impossible for them to have good value some day, Bitcoin have already set a good numbers of lessons and only those who have ears will hear.

If we truly understand the benefits of Bitcoin maybe we would have handled how we keep or hold it in the first place? The same thing happened with Ethereum and I still don't learn, although it's not as good as Bitcoin but these two won't be the only golden opportunity in this space, let's be serious with our private keys and recovery seeds.

Well, that's just how it is because no one has ever anticipated the future of bitcoins because there was no support from big companies or popular people back then so only a few are enthusiastic about it. Now the tide has turned and everyone wants to know how they can invest but unfortunately, others became victims of cloud mining scams and Ponzi schemes in their journey with bitcoins. Thankfully I was able to move on and make a difference with my approach and found this great community and here I learn what I have been missing all these years in terms of bitcoin investment.

As far as I think, I expect that the largest losses in Bitcoin were the result of selling early at a cheap price and not the result of losing wallet passwords.

Of course, there are many people who did not appreciate the value of Bitcoin at that time, so they lost their keys or passwords as a result of negligence, but there is a larger section of people who sold their Bitcoin at the first rise and thus suffered severe losses because they did not hold their Bitcoin yet.

Nowadays everyone is starting to realize the value of Bitcoin and therefore I don't think we will hear any more stories about losing keys or wallet passwords.

Overvalued? bitcoin is over valued mate? lol it is in natural value since there are no hyping ,
you can call it then when there is a Bull running in which for me valuable to say overvalued.
and also  Modernity shapes the world and that is why cryptocurrencies are the future
of our currencies .

During the early time of bitcoin most people didn't expect bitcoin will come this big and will be a great asset, people never took it serious which they never bothered to even to secure their seed phrase properly. But from the experience of bitcoin people will learn lessons not just about keeping the seed phrase in a safe place for the future. Bitcoin have really open the mind of people to learn how to take every new innovation as important for people to watch out what will be the next phase of it.

Be it cryptocurrency or not people need to learn to take every information details very important because it can be of something that will be needed in the future.

Back then Bitcoin was largely distributed for free to everyone who had interest in acquiring some coins online. There were many faucets disponible where you could make at least 0.001BTC daily just by claiming on them during the years of 2015 and 2016, and before that, there was a faucet which gave 5BTC per claim. On those times it wasn't a great sum of money, but for those who believed in BTC potential and held it for the future, it was a complete life changer, which guaranteed them to become millionaires.

Now those times are gone and the profitability potential has decreased, however, it doesn't mean there aren't opportunities anymore. Bitcoin can still perform very well on the next following 2 years, so for everyone doubtful if they should invest or not, think about people in the past who decided not investing, and are regretful now for not doing so. Don't repeat the same mistake, folks...

Go back 5 or 10 years and you will see that more than 90% of all coins that were invented then are worth almost nothing today, and the same will happen with most of those who today try to catch the naive to mine or buy them. I have a lot of such coins from my early days in the crypto world, and only two are worth more than before, although it is far from the fact that I could get rich selling them.

All those coins you are talking about are just pump&dump schemes with a bunch of false promises, not to mention the fact that most of them are centralized, pre-mined and with an unlimited supply. This is not the key to success, but to certain failure.

Personally, I will always keep my key or phrase for a cryptocurrency which is I believed that it will have a great value in the future. It's not good to keep any coins we see in the market because it's just a waste of time, just like what you've said that more than 90% of tokens in crypto don't have value. We should make a screening of a coin if this will going to have a great value in the future or worth nothing. We can't truly say that our screening is perfect, but it's certainly better than having a tokens without screening.

If someone lost their password then it means that they are not serious with their assets and I think if you buy bitcoin or any other coins then keep check on the price of that coins and also save your password and other necessary information in hard form. In past people were not serious about bitcoin but now the demand for bitcoin is increasing and now as the halving will pass so everyone will be in preparation to save more bitcoin to be benefited more in future. Some people in the past have sold their bitcoin and now they regret for their decision because that time the value was not so high as that is today.

Its a great advice, we all should follow it no matter what the value of the coin you have in your holding, because one of my cousins used to mine BTC, or try to earn BTC when it was new (around 2011 to 2013) he said he and his friend collected a lot of BTC but due to no or lesser profit they abandoned those wallets, even the computers and now they don't even know where would be the seed phrase. I forced him a lot to check your old hard drives but he said they all are corrupted etc. etc.

We should keep our seed phrase safe somewhere, most people will say never save them on the internet like cloud services but I will say they are the safest places to save your assets but you have to take precautions otherwise your email compromization can lead hackers straight to the seed phrase and your assets will be gone.

I also faced it in Pi, as I used to have some Pi in my account but I deleted the app and don't even know the password and now I am unable to recover the account, but I accepted my fortune now and I am ok with it. And yeah we should never abandon our wallets by saying this coin is shit, even the coin is shit, do get something to hold onto that wallet.

Every new innovation takes time to be accepted by society. Bitcoin is no exception. When it was first introduced in 2009, bitcoin was considered by many to be a scam or a Ponzi scheme. However, over the years, bitcoin has gradually become more widely accepted. Today, bitcoin is used by millions of people worldwide for payments, investments, and storage of value. And I believe that in the coming years bitcoin will continue to gain wider acceptance. Bitcoin prices will likely continue to rise and adoption rates will be high enough to trigger global and large-scale integration of bitcoin into government systems around the world.

Well, mate at first look I thought that your post was like others and was less important because many people did the same post but when I read the last part I believed that your post was unique and gave a sign of a very important thing or message that most people do.
People at that time made a very big mistake by not taking interest in Bitcoin and those people who were interested in Bitcoin showed some stupidity and lost their phrase which not only wasted their funds but also Bitcoin. Now from your post, most of persons will recall that situation and how they did such a stupidity and for the present and future they will not do that again and will take it as a lesson.

You are right that keeping your wallet and password secure is extremely important. Losing your password can lead to loss of access to valuable assets, and this applies not only to Bitcoin, but also to other cryptocurrencies. Many people have become wealthy in recent years due to the rise in value of Bitcoin and other coins, and it is important to take care of your own keys and passwords to ensure the safety of your investments. It is important to always have a Plan B for any loss of password or keys.

Those that loss their BTC in the past are those that failed to write their seeds phrase down because, the moment you have your personal details on ground,  no matter how long you have access to your wallet, the moment you enter your password in your wallet, you will have access to your coins again. Now that the price of BTC has risen to $38k ,there are some people will still regret why they didn't know BTC now because, they didn't want to acquire knowledge of BTC so that they will know that in 5 years to come the price will increase double for people like you to regret why you did not buy when the price was $38k.

If you have the money to buy BTC now, do everything possible to buy it now because the price will increase higher in 10 years to come to attract many people to invest in BTC to know how important it is to humanity.

Yeah I would agree that bitcoin is unique in this type of way.  We really see this over in the collectibles board section where people will come looking to sell their physical bitcoins, such as Casascius coins that were gifted to them many years ago when bitcoin was worth very little.  They often have very poorly taken care of coins, which certainly hurts the value.  Same goes for hardware wallets/paper wallets etc..as you mentioned so many people just don't take care of things how they should.  I would say after as much success as bitcoin has had these past few years, this will become less and less of a thing.

This is how things work OP. You can not expect everyone to follow the same path. There will always be people who will create their own path or take an entirely different path. Only a few of them will stick to the original path and see it through the end. Also, the crypto market is uncertain and no one knows what the future holds for it. So it is normal for people to sell their share of holding whenever they see the opportunity. Hodling is the key to success no doubt but it is also important to realize when an opportunity is knocking at your door.

Do not marry your wallet. Learn to let go when there's an opportunity. Don't think about the past. You can't go back and change the history. The more you think about it the more regret you will feel. Instead, focus on what you can do right now to change the future. You are getting the asset equivalent to what you are paying. Focus on increasing that. Don't ruin your present and future by thinking about your past.

One of the great upsides of this is that all those people who forgot or can't access their coins basically took some bitcoins out of the market, creating scarcity and that means we have a lot less bitcoin. The biggest example would be 1 million for satoshi, and there are probably millions more, and there are millions that are being held as well and not sold, for long term holding. This creates a very tiny amount of bitcoin compared to general how much there is, that is in the market. So when there is this little amount in the market, we all trade the same coins back and forth, and this demand/supply balance is getting shifted towards demand over supply, when all these people forget their access.

At the beginning, when Bitcoin was too cheap and wasn't popular, investors weren't very serious with their wallets. Hence, they forgot about their wallet, and when they noticed the current position of Bitcoin, they woke up. But unfortunately, a few of them totally forgot about their wallet credentials. I have seen many cases where people can't remember the apps or wallet names where they stored their bitcoin. But time has changed now, and we are very careful with our wallet credentials. Because the Bitcoin price is too high now and is still growing. So we must take care of our wallets to avoid big losses that we can't afford right now.

as early as 2015 there were already scams and casinos and exchanges that also shut down all of a sudden and many of those early believers lost their coins. because the value is just not so big, they were just giving away coins.

i wasn't here it yet but i have read people were joining faucets which giveaway 5 BTC each time. if they only knew the price could go as high as $69K, they wouldn't be doing it. 1 BTC today is already one man's life savings.

Not all people expected its value to be as high as it have reached. Being in regret won't do us any good if such thing happened on your end. There are several stories which showed how low its potential have been assumed. Remember the guy who boight pizza using Bitcoin? that's one. But if we would base on real time, we cannot blame them from being ignorant of their bitcoin holdings. Same idea goes with people not buying or investing when Bitcoin reached $20k market value before it reached its ATH. We are all afraid to lose money which pushes us either away or towards this technology. And with giving importance of private keys? that's a bare minimum and that is simply being irresponsible losing them simply because you cannot see the potential of it being profitable.

Regardless of expectations of how many bitcoins we want to get now depends on what we do because if it's just hoping and regretting the time that has long been wasted when not in bitcoin now there will be no point because that time does not repeat itself, but certainly at this time the focus is on how we do for the future because if you remember the past it will not be repeated so we only focus on investing in the present and the future how steps we have to take and what strategies we will do to bring bitcoin as much as we can into portopolio.
As for the security of the wallet or seed it is the first step and I think if we really seriously want to be in bitcoin such an important thing will not be forgotten. The problem that occurs is not about forgetting but our inaccuracy in storing the seed wallet that we have because in the end there are several disasters that occur because we are too careless in storing seed phrases in any place that this invites many robbers who are ready to attack us when we are careless.

Many people lose their passwords because they believe bitcoin will not gain value and they do not value it in their life, but now that bitcoin has increased in price I don't think anyone will forget his private key when he invests in Bitcoin because everyone understands the value of it. Let's say the people who lost their passwords will be regretting now because they should have become rich now, and some people who knew about bitcoin before will be regretting now because they did not invest on it because they believed bitcoin would not gain value.

People who haven't invested in bitcoin should do so now because it's the perfect moment to do so since the price can rise at any time and you'll be disappointed if you don't because I believe bitcoin's value will rise higher in the next 3 to 5 years because how am seeing is increase gradually.

People not knowing where bitcoin will be in the next decay is what actually build bitcoin to where it is right now, because if everyone have known what it will be like everyone could have rushed and save up lot of bitcoin as possible as they could and they will will not bother to sell their bitcoin holding which could have limited the amount of transactions and circulation that could have been happening around the network.

No body would be ready to sell their holdings everyone will be willing and looking for means to buy more, just like the way the market is now, no one know where the price will be in the next decay that’s why most people are still selling and taking home small profits, which people will also use today price as reference in future for those who miss to buy it now.

Sometimes what happens is that something becomes important and it's not easy to lose it when we think it's extraordinary and truly valuable. But on the contrary, when we think it's not important, it doesn't even mean anything or it's just something we accidentally got and in the end we If we never consider it, sometimes we will forget it more easily, or in other words, we will not have high aspirations to keep it well. Likewise, what happened to several people who owned Bitcoin in the past, where the price of Bitcoin was still very small and was considered completely worthless. And in the end they only realized that after many years Bitcoin could finally be as successful and accepted as this.

It's true, whatever we have, no matter how small, can be big someday. Whether in terms of value or anything else. But what is certain is that even if it turns out that the Bitcoin has been lost because access to it no longer exists, it will be a valuable lesson so that in the future you will be more careful in storing anything. Now is not the time to regret but to start again with what you once had.

OP, in real sense it is very difficult for anyone to continue to hold on to what he or she doesn't believe, when bitcoin come into existence people never believe that it is real, to me, this is normal, you dont expect some to just jump into something just like that, but in all there are set of people in this life that want to see the end of everything they started and those are the people that have benefited so far in bitcoin today, if bitcoin had showed much success as it is today I think many people would have been much in it today, but it is normal for anything that has potential to grow over time, in the aspect of losing password or seed phrase back then, this was as a result of negligence and less concern due to lack of patience and less trust.

The loss of bitcoins due to a lost access devices is indeed a contributing factor to the overall scarcity of bitcoins in circulation. With a finite supply of 21 million bitcoins, every bitcoin that is lost effectively reduces the total number of available bitcoins, making the remaining ones more valuable.

The loss of a significant amount of bitcoins, because a smaller circulating supply can lead to increased demand, which in turn can drive up the price of bitcoin. the long-term holding of bitcoins by investors further reduces the amount of bitcoins available for trading, contributing to the scarcity dynamic. This behavior is often driven by the belief that bitcoin has the potential to appreciate significantly in value over time.

Many failed to think that Bitcoin will surge like this so they taken Bitcoin for granted but now many are expecting that Bitcoin will continuously uptrend but never forget that the opposite might happen.  Bitcoin future is still uncertain, I am also one of the believer of that even though I am a supporter of Bitcoin.


Historic event cannot predict the future.  There are huge companies that has been on the pinnacle of success eventually shut down.  I am not spreading FUD but just some reality check that Bitcoin is still highly volatile and anything can happen in a matter of one night.

I'm not as lucky as you. The keys to my wallets that I took part in in airdrops or bounties are no longer there, actually they weren't thrown away on purpose, it's just that I was careless when saving them so I can't access them anymore. Understandably, in the past I didn't care about wallet keys, let alone wallets with coins that had no value at all, and this is one of my regrets now.

Currently, many are well educated about crypto wallets, both BTC and Altcoin wallets. Never throw it away, whether you have assets or not, because one day the wallet will be useful for us. As happened with the eth wallet which once held an airdrop with the condition that you had to use the old eth wallet. This is just a small example. Not to mention old coins that used to have no price, but a few years later they have a price.

Until people don't believe in crypto and Bitcoin, they won't see the potential it gives to us, they will still ignore it. This is why even though the name of Bitcoin has been spread globally only a few people got interested in knowing it more because of the negative news spread as well.
In fact, we never expected the price of Bitcoin will reach this price and hit ATH and this is what gives us holders the courage to invest more and appreciate Bitcoin. Our experience helps us understand and see how valuable is this project not just in terms of investment but the future of the currency system.

I would even be very surprised if you missed the opportunity to buy bitcoin at a price below $500 at that time. Of course - many people missed their chance and maybe they started regretting it after getting the fact that bitcoin actually hit $69K in 2021.

I heard a lot of stories about how people sold their bitcoin at low prices in late December 2014 to January 2015 - but they were really surprised that in just 2 years bitcoin hit a huge ATH in late 2017. That's just a piece of the story I've heard - but there are many other things that have happened before and they have decorated Bitcoin's journey to date. One of the biggest and celebrated stories till now is 10,000 btc for pizza.

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Losing your private key or anything else that means you can no longer access your wallet is something very unexpected. Bitcoin used to have no value and it may be true that some people are not interested in keeping their wallets and keys safe - but now bitcoin is the most sought after investment asset.

Investing in altcoins are a gamble and not a guarantee investment like Bitcoin. Your post is trying to compare altcoins with Bitcoin which is very wrong as they're in no way alike. Most altcoins will end up not existing in the next 5 years but Bitcoin will be trading and still very popular because it controls the whole industry and has years of trust from the community. Don't hold altcoins in expectation of having similar success to Bitcoin as you'll end up more disappointed than you'll actually hit the jackpot with one. Altcoin are good for speculation and if you invest in them get rid of them before they start been worthless.

Every bull market, new altcoins get launched and there's no guarantee that they'll be around when the next bull market comes. Altcoin survive on hype so when that's not coming any longer, they'll stop giving profits and start declining. If you have any altcoin make sure you take profits before they start losing value but Bitcoin should be held because we'll only have 21 million supply of Bitcoin and soon it won't be this cheap any longer as we have more institutional investors coming into the industry with their large bank accounts to get a fair share of the market.

Security on the other hand is very essential in the industry because without been security cautious, you'll lose your investment very often to scammers as they're numerous in number waiting on their next victim to defraud. Learn to use only non custodial open source wallets that you're guarantee full control of your Bitcoin in your wallet and don't store your coins on exchanges.

You are right talking digging out the feelings of everyone who had failed to invest on Bitcoin when it was newly introduced and those who had a short-time patient that disposed their wallets simply because the value of the assets where poorly unacceptable.
Yeah. But I can also sense it that you are tactically asking is to adopt other crypto coins without undermining its Poor values.
Not a bad one at all for all we strives for is making the money. The fast increments and advancements  of Bitcoin to today comparing to those years past should leave us all who expects the price to go lower before they could invest that they should invest before another regrets comes else another regrettable time would come again for the categories of persons.

Because of the number of total supply of bitcoin limited to 21M, not everyone will have at least 10BTC in their wallet if they’d all found interest in the coin and wanted to keep some for themselves even when the price was worth nothing at that time. Now that the price have increasingly became more valuable, people still don’t have the access to own more of it couple with the fact of high cost of it and loss of seed phrase of some wallets due to carelessness or death, so this scenario would have reduced the total supply of bitcoin and we won’t have each individual having at least 10BTC when all the 21M BTC have been mined.


You can’t be so sure of that and you don’t have to give people the confidence that they should invest in whatever coin they can and keep it because it’ll become great value in the future. Only bitcoin can be ascertained to become more valuable in the future, some altcoins will too but you can’t tell any of them that can and cannot become more valuable in the future. In order not to live a life of suspense that will lead to disappointment of not achieving your desired goals, it is better to stick to only bitcoin and make the maximum and best possible profit out of it in the future which you’re sure of. It is better to invest your money in certainty than to invest in speculation.

The security of most wallets are the greatest bane as it is the greatest boon for many people, with the security they applied, you are secured that no one is going to be able to brute force your wallet and that your bitcoin is safe stewing away in the wallet but the problem is that as years go by of hodling, you as a human being are going to be experiencing a lot of different and new things and those experiences will be memories and with those getting in your head some of these people eventually need space for those new memories although it is not really removed entirely, it is muddled with your other memories and we know that when we use passwords that frequently, we will not have a problem remembering but in the case of bitcoin wallets that you do not usually use to log daily, you eventually forget the password unless you have been using the same password for all your accounts then you do not have a problem. A piece of paper can help you remember but at that time when bitcoin was still not worth a lot, people did not really mind taking notes of their passwords.

It's true that the rise of Bitcoin caught many by surprise. Security and remembering passwords are crucial in the world of cryptocurrency and keeping them safe ensures you have access to potential future value. The crypto landscape is dynamic and many people will be open on what crypto could offer over time. It surprises us always.

Yes, it is a valuable experience that should be remembered by anyone who plans to store their assets in a wallet. it is their responsibility to store everything safely.
no one predicted that Bitcoin would grow so extraordinary. but we can see the progress of growth that occurs in Bitcoin. and we must be able to choose assets to save and those that are hopeless.
such as surprises from old wallet owners who have transacted on certain exchanges and qualify for an airdrop. such an event might not happen in a short time. but we see that kind of thing happening.

Always keep your wallet and keys safe, no one knows when we need them again in the future.

At that time Laszlo Hanyecz never knew Bitcoin would be this popular, if he had known, he would not have exchanged his 10,000 Bitcoin for 2 large pizzas, he also advertised this on this forum, you can see the topic here Pizza for bitcoins? (https://bitcointalk.org/index.php?topic=137.msg1141#msg1141). Many stories end tragically due to non-technical factors such as losing or forgetting the private key, accidentally throwing away the hard disk containing Bitcoin as experienced by James Howell and other things that cause regret when they find out that the price of Bitcoin is getting higher. Those who sold early because they didn't know Bitcoin would be trading at the high prices it is today will regret their decision, but this is all a result of their ignorance of Bitcoin's potential.

Now that Bitcoin is starting to be accepted by all levels of society in all parts of the world, past failures or mistakes experienced by other people or personal experiences must be used as lessons for the future. Regret is of course the result of not collecting Bitcoin when it was still trading at a cheap price, but that is all in the past, now let's look at a brighter future by collecting Bitcoin little by little to achieve success in the future.

That's right, there are still many people who use bitcoin as a short-term investment, or even just for temporary pleasure and never thought that bitcoin could be this big and expensive.

I know bitcoin starting in 2017, and began to be interested in exploring further in this forum. but it never occurred to me to silence bitcoin until now. when I got bitcoin I immediately sold it to meet my daily needs. that's why I failed to make bitcoin a future asset.
if in the past I was not too loyal to sell my bitcoin, surely now the price is very expensive and can even become a rich man in my area.

after all this time learning and getting to know bitcoin, I have begun to realize to set aside some bitcoin for the future. and will share seed bitcoin with my child. because I realize that I will not live forever and hope that my child can continue the bitcoin assets that I install little by little for his future.

Keeping your password safe and intact is like keeping your physical wallet safe each time because that is same as how we are making our life that safe.
and also bitcoin is already in great value  because that is what you already said in the top part of your post .
you are just reminding us what we already knew but thanks for that still.
actually those who are surprised are the people who did not trust bitcoin at all because if you have bought this from then surely you are expecting this to reach a high value like how much it is now.

More precisely, it is security to store the Private key or Seed Phrase properly.
Instead of just remembering the password, it's better to write it down on a stainless steel plate and store it somewhere out of reach by others.
The use of hardware wallets is also a good recommendation.

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All of these events become part of Bitcoin's history that will continue to stick and never be forgotten.
Seeing how history happened makes us more motivated.

Even dark histories such as Ponzi investments, the biggest scams or even like the major event of the Mt.Gox Exchange Hack which made the Bitcoin trend even more devastated at that time and now FTX as an Exchange managed by fraudsters and made many people experience losses.
There are more Bitcoin stories and more positive stories related to Bitcoin as well.

You know, if we look at Bitcoin today, we will literally think that it is not worth it to buy because it is very expensive and it is too volatile, so the risk here is high. This is if you do not know and understand Bitcoin. But if you have knowledge about this, there is no room in your mind for the previous ones if they are mentioned.

And if there is someone else who forgets the password, seed, and private key, that is because of the negligence called for, so it is important to keep them, because even if a few years have passed, the chances are really high that the price will be high. Bitcoin's value as long as we don't give up on what we believe will be the way to the future we want.

When we add value to something we don't forget it easily like the way we can forget other things we have.
The is profits in investing I'm Bitcoin or the entire cryptocurrency market. We all have to put a level of importance to our cryptocurrency investment for us to make more profits from it. What we value is what we are going to keep investing and giving our time.
Those that are great profits from the market put lots of focus on it especially on the tokens they are holding keeping watch in them.

I who came earlier than most people who were still outside would learn from their experiences that came earlier than me about what made me not regret.
Everyone will take good care if they know something they have have value. Various ways will be done for the safety of something that is owned. An item that is worthless and valuable will not be treated like a valuable item. Someone leaves an item abandoned without treatment. Bitcoin, who is now the best coin that is valuable, maybe people at that time did not care and did not want to care how his fate was in the future.

From the owner of Bitcoin who used to not care whether or not it is important or not can make a valuable lesson for those of us who come late from them to maintain well Seed Phrase or Private Key.
Seed Phrase and Private Key as the most important thing for Bitcoin access will not be obtained if we keep Bitcoin not in the wallet.

Well we can't blame others who didn't take care of their seed phrases back then, most of us didn't know how world would revolve after all. I mean there are people thought that the end of the world was in 2012  ??? I hate to say that we are surprised by what the crypto is now, we saw the process that lead it here, the right word is we are skeptical to it in numerous times, we are affected by FUD by many influential people especially the media. Don't get back to the past, we cannot rewrite it thought history shall be kept. Now let's talk how this be more adoptable in more industry, widely used than ever.

There are several reasons while some early holders of Bitcoin might not have them or access to them now. Some never saw Bitcoin as anything of value then because it was practically worthless. Some also held but were not careful enough to protect their Bitcoin, hence they lost them.

It is not actually easy believing something like Bitcoin at a time when no one actually know what the future holds for it. It take huge courage and foresight to believe in Bitcoin and still hold till now.

As for those mining other coins, it will be easier for them to HD and save them properly because they have a reference which is Bitcoin.

The first thing a bitcoiner should know is that if they lose access to their wallet, they will never get back into it again. So, the best thing to do is make the security of their wallet a priority, like some people who said that in the past, they bought some Bitcoin and forgot to withdraw it from the exchange where they bought it. Now that the price of bitcoin has skyrocketed, they are looking for the exchange where they left their bitcoin. These are lessons to learn from, and also remember the warning: not your key, not your coin. It's a rule that every Bitcoiner must not forget and also let others who are not aware of it become aware.

None thought of the market value of bitcoin growing this high. If they had known it earlier, surely they couldn't have lost their password. It all happened through an incident, when Laszlo Hanyecz bought pizza with bitcoin it started to get value and its usage started. Till then it was kind of token used for gambling and distributed as giveaway. People just received and they never considered it big. Most of the holders just bought or received without knowing what is bitcoin. Slowly the price increase made them look for it, but losing the key makes the fund doesn't belong to them.

People who lose their bitcoin wallet password or seed phrase even though there are a lot of bitcoins in it, can actually be said to be very trivial at first, but there are quite a lot of stories that tell about their triviality towards bitcoin before bitcoin had a price this high. but now there are several services that claim to be able to restore lost bitcoin wallets (this service) (https://www.walletrecoveryservices.com/), I'm not so sure about the services they offer, because there is the term 'not your key, not your bitcoin'. if we don't take good care of our wallets then who else will! save the password and seed phrase from the bitcoin wallet you have, don't let the bitcoin you hold just disappear because of your carelessness.

Crypto awareness already reached a nice peak, and I believe it will spread more and people won't dare to store their Bitcoin or altcoin in an insecure place, or device anymore. Unfortunately, people use insecure crypto exchanges where they do not have any control over their coins, and they deny the possibility of hacks and other problems.

Back to the point, mining altcoins is not profitable anymore except for some pump-and-dump coins that arrive with some huge expensive ASIC miners on the market and then slowly disappear. So, if someone buys alts, store it in a safe wallet. That's it.

Yes, you are right, we have to properly maintain wallet access when we store these assets because we will not be able to access them again after we lose access to our wallet, it is important for those of us who store a number of Bitcoins to be able to maintain wallet access and if necessary we record it and store it properly. safe and when we need it we can still access the wallet we have.

Frankly speaking when Bitcoin was on its few months or year where its price is really that not that expensive or something significant then it wont be shocking that people or adopters on that time wont be paying up attention about those keys or whatsoever correlated to it but as we do know that each person is different on where there are some who dont care and there are some who do really care. Look at the difference
to those people who are cherishing their profits now than into those people who had forgotten their keys? It would really be a lifetime kind of regret because you will be picturing out on how rich you are now
if you had been able to held with those coins or simply having the access into that wallet.

It will really be just that too normal that you will be that saving up those privatekeys because if you dont pay up attention into this one then you are susceptible into the risk on losing those coins.
Now that we are dealing with different coins in the market and having those thoughts on being the next big thing on upcoming bull run or years to come then it will really be always
important on keeping everything or having that security of those keys. We wont know on when they would boom up.

Most of us know less and more about Bitcoin. Nowadays everyone is attracted to Bitcoin due to the influence that Bitcoin has created among the people all over the world. But many of us don't pay attention in the beginning about what steps should be taken to hold Bitcoin. We hold it after purchase. Here a holder must acquire a good understanding of their wallet to hold their bitcoins. Generally, if we create an account on a site, there is a way to recover it if we forget the password but if we forget the password of Bitcoin wallet, there is no possibility to get on that particular wallet. Of course, before buying Bitcoin or any asset, we should check whether we have access to our wallet or not. Otherwise the heard-earned money will have no value even if it is kept for a long time.

There are billions of people on earth and only less than 21 million bitcoin will ever be mined. There is no way that everyone can get at least 10 coins. There is no way they can get 1 coin each. I can continue decreasing the number but I think you got the point.

Some did lose their passwords to centralized services where passwords were required, but the bigger concern is the loss of private keys and seed phrases (once they were introduced). That's what losses your spending ability.

Being frustrated or discouraged, even forgetting your account password, does not reflect a good business. If you make a loss today, you will surely make a profit tomorrow. A good businessman has the ability to earn in all situation. Bitcoin may be up or down. Achievement and success is owe to hardship and trouble. Many good businessman fail because they do not have patience and wait. So always keep in touch with your business.continue struggle and pins good hopes for good future and success.

Bitcoin investment should always be done with security in mind then there will be no reason to be disappointed. Access to the wallet should not be lost at all no one knows when the price of bitcoin will increase if the price increases you will be disappointed. This is why you should try to keep your wallet access safe. Many investors make this mistake, they don't pay attention when the price goes up and they fail because they forget the wallet accesses. For this reason the keys should be kept in such a place that they can be easily found so as not to fall into losses.

When I first came to know about Bitcoin, it was priced below $500. Though I didn't know that it was going to be this huge in the future, I knew it was something unique and I had never seen anything like it before. I was excited and eager to have Bitcoin, I used to use faucets every day to claim free satoshis and store them in my wallet. The unfortunate thing for me at that time was that I didn't have any money to buy Bitcoins and store them until now, if I could do that, I'm pretty sure that I would have access to my wallet because I've been active since then.

A lot of people might have had a lot of Bitcoins at that time and many people must have spent them like the guy who bought two pizzas for 10,000 Bitcoins, the reason behind that was that people didn't expect Bitcoin to become as huge as it has become today, and as you said, we will be saying the same thing in the future as well. So, anyone who can afford to should have at least some Bitcoins going into the future.

Yes security is must because there is no option to get profit from bitcoin once you forget the password or loss your wallet. Some people buy coins but when their value decreases then dont focus on its security therefore when price goes up then they have no access towards their coins as they don't remember the keys of their wallet in which they have keep their coins saved.

Try to remember your each password and if you know that your memory is not working properly and you always forget the things then save it else where because saving password at only a single place is full of hazards. Instead of learning about bitcoin investment also learn well about security because it is the most necessary thing in crypto market.

For a city that just came to Bitcoin when the price was already more than $100, maybe you can start to predict that Bitcoin will be this big. However, for those who knew about Bitcoin before, where the price of Bitcoin was still very low and could even be considered worthless, it was still not recognized, and there were still many doubts, then I really applaud those who turned out to be able to match Bitcoin until now. and in the end you can achieve extraordinary things with Bitcoin. Of course, this is none other than because of their belief in this technology, in the future and what Satoshi aspires to in Bitcoin.

The value of Bitcoin is increasing. Even though there are still many people who oppose it and hate it, that doesn't mean it has bad values. So, I personally have no doubts about focusing on investing in Bitcoin... and it is true about how me must secure our investment and keep our privacy on it. because it also still has a risk if losing access to it and being attacked by cyber crimes.  so, always be careful

how much we have bitcoin and develop it but without neatness in storing security keys, it will be useless. Actually, this is something basic that must be considered at the beginning before investing, but there are people who ignore it, so that they actually experience difficulties behind it. Even though we have kept it neatly, there is one more obstacle, where our heirs must know, but it remains safe as long as we are still alive, because no one knows how old we are.

I think there are still people who manage to hit that threshold even though they are kind a bit late. For those who are not wealthy enough, they can always do it slowly. If they are consistent, I'm sure they will soon reach that value. Even if not, there is still no problem with that. You don't really have to say this because those who are involved in crypto already know this fact.

This is why there are now so many new coins and people invests on them because they believe they will be the next Bitcoin. If you are only talking about password, it was actually recoverable. But if it was about the private keys and seed phrases, then it is not possible. So yeah, we should keep them securely.

Which kind of password are you referring to here, what i think should be discussed is on how we can handle our private keys and not passwords, only with the private keys our bitcoin can be taken away from us, they don't need to have access to the device before they can attack, password deals with the device used and while private keys deals with the access to the coins on blockchain.


There's this possibility, but only if we are not investing on shitcoins, we must make our research well deepens and accept every other risk involved with either bitcoin or other cryptocurrencies, but i will always advise for bitcoin first, before any other alt cryptocurrency.

most people don't know that the price of bitcoin will be this high and in the past the price of bitcoin was so low that many people didn't pay attention to the key and ended up losing the key. and when there is a price increase, many people sell cheap because they don't know that BTC prices will rise as high as they do now. and many people now regret being too hasty in selling bitcoin.

Yes, saving passwords is certainly something that must be prioritized because in the future we will not know the price of the coins we have and the price of the coins could become expensive which will make us very rich. Of course, there are many examples of people who became rich because they didn't forget their keys and usually these people are very good at analyzing the potential of the coins they hold. So it's true that we shouldn't forget the key because even though for example it's cheap now, we won't know the price in the future.

I think we have to learn from the experiences of previous people who are now successful as a result of knowing BTC and became rich because they didn't forget the key.
but I'm sure that having a key lost and not found again will have the potential to make BTC prices better in the future.

Lol of course Bitcoin will Open Eyes(have opened Eyes)  because this Pioneered the evolution  ;D so it is normal that it is the one that opens , but Password Mining , what do you mean about altcoins there?
you have given different example , Password cannot be compared to business and yes when you forgot your password here you will completely Lose everything you are holding so where is the profit for tomorrow there?

Maybe when bitcoin was not yet valuable, few people speculated that bitcoin would reach the price it is today. Moreover, when bitcoin still had a very low value, at that time digital money or crypto was still far from popular. Therefore, perhaps many people have wallets containing bitcoin and forget the password, because they think digital assets or bitcoin will not have prices as high as they are now. Therefore, this should be a valuable lesson for all of us, so as not to throw away, or underestimate the "crypto" coins that we currently have.

In the last few days I have read many posts about asset loss, theft and other bad things that happen to BTC users. Yes. we need a place to keep your keys safe from those who have bad intentions towards our property.

That's right. OP, a great person is someone who is able to guard his assets well and wisely without providing any information that could attract thieves, especially if he already has 10 BTC as you wrote above. And the solution is to educate ourselves while staying focused on money because we are at the cutting edge of technology.

Yeah don't tell me.
I have 2 phones (that are gone) which had wallets on them holding an accumulated 0.9 btc at least. These are from around 2014-15.
AT that time I didn't really know much about btc and so didn't really pay attetion to store the seed phrase and all this stuff. I used btc for some transactions and the leftover coins were just sitting in the wallet.
When I lost access and/or the phone dies I had no way to get to the coins, and I didn't even try because at the time it wasn't more than 20$ or something.
Well now I know better, but it's too late.  ::)

I prefer you to call it Seed Phrase rather than Password, the mention of the words Seed Phrase makes people's minds immediately connected to the key to recovering the wallet. The password is only used to unlock the wallet interface of the device you are using, its function is to prevent someone from opening the device without your knowledge. If you use a wallet like Electrum, the password functions like a pin, anyone who has access to the wallet file then the password you use can access your assets. Meanwhile, the Seed Phrase is a series of passwords used to access the wallet. If you lose your wallet or accidentally delete the wallet from the device you are using, you still have access to back up your wallet.

To be precise, we should store seed phrases/private keys, passwords...all important data well. OP was just speaking in general terms and everyone understood what he was saying, you don't need to be too harsh on him.


Nowadays, bitcoins are worth thousands of dollars, no one is stupid to own bitcoins without preserving a good seed phrase. Even though many shitcoins are dead, this market is still full of crazy things, anything can happen. Many coins that were thought to be dead or forgotten suddenly came back to life, which is not too rare in this market. So keep it all so you don't have to regret it later like those who invested in bitcoin early but didn't keep the seed phrase carefully.

You made a good point there and I was just thinking the same when I read the OP. To keep Bitcoin is a thing and for our heir or wife or family (as it pleases us) to know when unplanned circumstances happen is another thing. There are a lot of people who are rich in Bitcoin but are dead and have their coins with them without passing them to anyone. This is because they are too secretive, or should I say that never planned for what would happen to them, which is unfortunately letting a lot of Bitcoin waste away and people would think they are actually HODLing it but it's not.

For this, I believe that people should first take keeping of their wallets, the seed phrase and the password very seriously just like how they deal with a vital document that is so precious to them, not undermining it since we are keeping them informally. It will be a good idea to have duplicates of this and code them in such a way that no one can ever know what you are referring to unless you explain to them. Then have your Will written but let the access keys be missing, and let your trusted heir/wife/family know the access codes, which they can't access unless your lawyer tells them what the codes are meant for.

You're right, the first thing any individual should consider when investing in Bitcoin is where to store them, exchange are common for many newbies as they think it's safer to store them there but they're not the best place to store Bitcoin or any other cryptocurency. Private wallet are the best as your Bitcoin won't be affected by any hacking happening to the exchange you bought your Bitcoin from but when you leave them on exchange, you can lose your Bitcoin.

After using private wallet, also keep your seed phrase safe and offline so hackers can't get access to them. The private wallet should be those that are non custodial. Custodial wallet are like exchange as you don't have complete control of your seed phrase. When you use private wallets, you can forget about your Bitcoin for years and when you return, you'll still have access to your Bitcoin but if you use an exchange, they might go out of business with your Bitcoin lost forever.

I don't encourage mining new altcojns and hold them, most of them are bad and only good for profit talking when they appreciate in price, I have someone who mostly start crypto mining at earlier days years ago, almost all the coins he mined are dead between a year and half, just because its a proof of work doesn't make it the next Bitcoin or Ethereum.

If anyone wants to start mining right now I will tell them to go for Bitcoin or Kaspa, one requires a lot of money and also bills on electricity than the other, Kapsa miner takes only 120watts from the wall and this net you $5 daily, in few months you will make your initial back and the miner itself is $500+ almost $600.

But I still trust Bitcoin more than anything, far more reliable and it has the strongest backers and community over other proof of work projects, make sure you invest where you will have confidence, a little risk is better than higher risk.

Apart from a crypto newbie who has a mentor who is well educated about the importance of security in the aspect of holding one's crypto asset safe, other newbies who don't have proper knowledge about security will end up keeping their coins on the CEX. That's what most crypto enthusiasts do, but hack issues and the news of not keeping their assets on exchange are the reasons why most of them are not deviating from holding their assets on exchange. I know that this forum is an eye-opener in light of receiving serious warnings about keeping an asset on exchange. When I was yet new in the space, I also held my coin on CEX and even staked some coins on the exchange, but I am now very aware of the risk.