Another wallet key lost.

[A62662]

If you take infinite amount of time - all BTC will be lost at some point in time. That is a fact of life.

If you look at BTC that has been dormant for many years, most of those funds are probably lost and will never be used ever.

[reallester]

Yesterday someone I knew uninstalled his wallet from his android phone mistakenly and he told me to help him recover his wallet but guess what? he did not write out the wallet recovery phrase, the wallet consist of 640$ worth of bitcoin, he was broken, felt pity for him, how can someone not take recovery seed serious? that's what came out of my mouth, Really I felt pity for him because he went through a lot to gather that bitcoin, people need to start taking wallet keys or phrases very serious, newbies should please understand that without these keys you lose your money, time and energy

This is a Terrible  mistake anyone should not make. When creating a wallet the first that is demanded of you is to backup your recovery phrases. This is better to be backed immediately to avoid unforeseen situations such as this. So sorry for him as he learnt in a hard way. And this question keeps ringing in my heart. Can a wallet whose recovery phrase is lost ever be recovered?

[BitcoinHunt3r]

Yesterday someone I knew uninstalled his wallet from his android phone mistakenly and he told me to help him recover his wallet but guess what? he did not write out the wallet recovery phrase, the wallet consist of 640$ worth of bitcoin, he was broken, felt pity for him, how can someone not take recovery seed serious? that's what came out of my mouth, Really I felt pity for him because he went through a lot to gather that bitcoin, people need to start taking wallet keys or phrases very serious, newbies should please understand that without these keys you lose your money, time and energy

Some people really do that, but i think there are a lot of reason why they did it. And mostly because they don't know if they must save seed or maybe pass phrase or privae key maybe, because sometimes people already know is make account is only from email and pass, or maybe do something like me when i not back up my wallet because i only use it temporary, and i lose my dogecoin.

[lepbagong]

Yesterday someone I knew uninstalled his wallet from his android phone mistakenly and he told me to help him recover his wallet but guess what? he did not write out the wallet recovery phrase, the wallet consist of 640$ worth of bitcoin, he was broken, felt pity for him, how can someone not take recovery seed serious? that's what came out of my mouth, Really I felt pity for him because he went through a lot to gather that bitcoin, people need to start taking wallet keys or phrases very serious, newbies should please understand that without these keys you lose your money, time and energy

If its an android app its ok as long as you didn't uninstall the application you use or never reformat your phone it will not gone as long its continue running. But for real security of your asset you need to save all important things because its your money involve.

I agree with the colleague's opinion above, that as far as I know I've experienced if it was with an Android application, you can repeat the install again and be able to return to normal as well as if you have reformatted it can certainly not come back again. and so that everything that is related to your wallet is wise so that you keep it well because that is the only way that can save there is no other way. always be wise in using the sophisticated tools that you get.

[pokok_work]

Very careless, not backing up recovery keys as a wallet is padlocked but does not have a key. my advice if you are still a beginner in crypto world and do not understand the security of assets in the wallet, which is to store it exchanged with a good reputation, in my opinion better. there is no way to return the asset, unless you can still access the recovery key. that's crypto, it's very safe, you yourself can't access your own assets if you lose your private key.

__________
For the problem of backing up a recovery key I usually write it on a stainless metal and place it in the safe.

[OasisDre]

This is nothing but a careless move, its all your friend's fault for not taking the recovery phrases very serious, private keys and phrases are meant to be safe guided like you always do with bank accounts and ATM cards

[btcdie]

$650 is quite a lot, to get that much money you need to work 1-2 months working in an office (offline). there is no way to get those assets back, except with recovery seeds. Yaps, crypto is indeed very risky, in addition to high volatility prices, the risk of loss also often occurs as events described by the OP. it's better if you are a beginner to learn it before holding / saving a few coins. Hot wallet in my opinion is suitable for beginners (Blockchain, coinbase, or exchange of good reputation). don't forget to give special security, like 2Fa code or multiple security. wallet cold is also vulnerable if you are not careful, such as a virus attack on the computer or the recovery key is not stored safely.

[XCANA]

This is nothing but a careless move, its all your friend's fault for not taking the recovery phrases very serious, private keys and phrases are meant to be safe guided like you always do with bank accounts and ATM cards

The question us: how many cryptocurrency enthusiasts actually have a serious minded towards ensuring the protection of their personal data online? Many investors are just after the profit taking and not the security involved. We should learn to follow cryptocurrency fundamentals to avert issues of this nature. Until we all come to the true knowledge of be serious in keeping out password, passphrase and other confidential data we aren't ready to be part of the system.

[Visbay]

When I lost a wallet pass phrase a year ago, I see to it to keep all of my pass phrase under one notebook. Of course I keep it safe as no one knows that I am into cryptocurrency. it's just too bad that as far as I know there is no way to retrieve an account when you don't have the pass phrase.

You are doing well its good to keep your key safe and not to share with anyone as there are so many clever hackers and they can take all your income and your saving away. It's much better to keep it in your account and your PC so no one would be able to know it and take your profit. The private key is something really important that we should not share it with people.

[aemma]

Yesterday someone I knew uninstalled his wallet from his android phone mistakenly and he told me to help him recover his wallet but guess what? he did not write out the wallet recovery phrase, the wallet consist of 640$ worth of bitcoin, he was broken, felt pity for him, how can someone not take recovery seed serious? that's what came out of my mouth, Really I felt pity for him because he went through a lot to gather that bitcoin, people need to start taking wallet keys or phrases very serious, newbies should please understand that without these keys you lose your money, time and energy

Who knows the pains he will be passing through now, not to talk of now the market is booming. What I deduced is that, he failed to take the necessary steps required before holding any coin and these steps comes in the form of knowing everything about wallets, how they work, how to save the private keys etc. He failed to know these and it costs him alot, so therefore as his friend, encourage him by teaching him everything that you believe will help him prevent such mistakes from happening again. I wish him the best.

[JahriMeayer]

it seems like almost all beginners not keep  private key wallet because they think it is only for verification of making a wallet ,so if there are beginners there, must be someone who tells usefulness of  private key before private key lost

[adzino]

Yesterday someone I knew uninstalled his wallet from his android phone mistakenly and he told me to help him recover his wallet but guess what? he did not write out the wallet recovery phrase, the wallet consist of 640$ worth of bitcoin, he was broken, felt pity for him, how can someone not take recovery seed serious? that's what came out of my mouth, Really I felt pity for him because he went through a lot to gather that bitcoin, people need to start taking wallet keys or phrases very serious, newbies should please understand that without these keys you lose your money, time and energy

Sad to hear that this has happened to him. Unfortunately, there is nothing he can do now. Once its lost, its lost forever. There is no way (or unless you can brute force your wallets private key which is also almost impossible or the cost is going to be far far far greater than what you have lost) you can recover those coins anymore. Too bad he didn't make any backup of his wallets. Hope he learnt a lesson from this! At least he is going to be really careful form now on wards when it comes to cryptocurrencies and wallets.

[kaneki007]

Maybe your friend doesn't really understand the importance of storing phrases to restore the wallet, I have a pretty good habit when making a new wallet that I write on a piece of paper and I save it well so that one day if my mobile crashes I still have the note to backup it.