Stories about lost Bitcoin

[xSkylarx]

I didn't personally lose much at all, at least not enough worthy of mentioning. However a friend of mine who used to use the silk road to buy weed and Addy in college had a created a ton of burner emails each time he went to make a purchase and he always made random names for passwords, stuff they he just simply can't remember. He said he had at least 20 or 30 coins in limbo. That just sucks lol. I check in on him from time to time.

That is a really big regret, for sure, but again, we can't learn something if we haven't experienced it. I hope he has already moved on from it, as that is really difficult to know, as we know that he just made some random password, and we know that we get lazy sometimes to think of good passwords. I am just as lucky that I was able to recover mine too; my case was in the exchange, and I just submitted KYC.

[tygeade]

I've stored my recovery seed in a Gmail account I created years ago and someone somehow gets my password and stole all my Bitcoin, at the time I lack some knowledge about keeping recovery seed and that old Gmail had a weak password too, I also don't use or activate 2Fa authentication too, after I lost the Bitcoin I started researching on where I did things wrong and I learnt that recovery seed are not to be kept online, they are safer offline.

Not even any cloud storage are safe for your recovery seeds, there are some stories of peole losing their Bitcoin when few cloud storage platforms got hacked, for example 4shared and others.

Even though the website is very secure, let's say Google, hackers can still penetrate a person that has a weak password like you, which means it is our fault, but no matter if it is our fault that has a weak password, it is still better to make it offline because the tendency of making it online is that all accounts would be compromised, no matter how cautious we are, so it is better to prevent them by not putting it online so that you are now more focused on your offline security measures like putting it in a paper, engraving it, or buying a hardware wallet for better protection.

Weak password in the year 2023 is a bit of a trouble to be fair, I mean you shouldn't have a weak password anymore because you could literally save your passwords as well, which means that it is not going to be possible for you to "forget" them since it is stored somewhere for you, somewhere safe. You can use google, browsers, password companies and many more for it as well.

I have been fine about it so far because I am not a rich or famous person, nobody even attempts to hack into my accounts anywhere. Because they would gain absolutely zero from it and there is no reason for doing it at all. I know that it will take a while for people to realize this, but storing very complicated passwords is easier nowadays and you do not have to remember them, just store them.

[CryptSafe]

All personal information related to Bitcoin is never to be shared with anyone.

Ofcourse it is true all personal information as regards bitcoin is private and never meant to be shared by any third party but some people still fall prey of scammers without any idea that their details have been hacked. This act is perpetrated through links sent to them via email social media handle and lots more unbeknownst to them are vulnerable to invading their devices with malware's when they click on such link and possibly download whatever was sent to them through that link.

Many people have lost access to their accounts as a result of these carelessness and it has cost them alot. That is why it is advised not to click any link sent to your email or anything account of yours If you are not expecting mail from such or you do not recognize such email better still you delete it all at once.

[Quidat]

Hello friends. Has anyone ever lost bitcoin? I am curious to listen to your stories. My purspose is to educate ourselves of possible scams, or rookie mistakes that we may do, that can lead to our BTC being stolen or lost.

Edit: Back in Feb 2020, I gave my seed phrase to someone on twitter. The convinced me the seed phrase was equal to my address and that they needed it to send me bitcoin. Don't ask me why I was so stupid... I lost approx. 1M sats and I had to start accumulating again. I bought a Trezor and I started reading...

Very common with newbie mistakes on which it is really that common specially into those who dont have that sufficient knowledge because scammers and hackers is everywhere. They would really be taking advantage into those people who dont have sufficient knowledge on which it would really be just that normal that errors and mistakes like this is common but on the time that we do experience such mistakes then we would eventually learn about further things which it is a common concept or scenario that we do have. Important thing is that we do make learnings along the way
and this is why you should really be that so easily be giving out those seed phrases because this is really indeed the key of your wallet, once been known then say goodbye into your funds.
Also, dont randomly click out links online or make some downloads because this is where virus and malwares which causes for your coins to be stolen.

[Smartvirus]

Edit: Back in Feb 2020, I gave my seed phrase to someone on twitter. The convinced me the seed phrase was equal to my address and that they needed it to send me bitcoin. Don't ask me why I was so stupid... I lost approx. 1M sats and I had to start accumulating again. I bought a Trezor and I started reading...

There will always be these stories but the good part for you @OP in this was, you learned from it. You know now the importance of a seed phrase or private key and you sure know it’s not equal to a bitcoin address but the opposite.
Private key and public address. The name tags tells the difference.
It was a your mistake and you’ve learned.

It’s a good thing having to relate this tale and even with that, there isn’t any guarantee that there wouldn’t be any further victims. Of course there would always be other victims but, the take does it but to reduce the numbers of victims. In a space guided by trust, you’ve got to have a third eye open