This guy has lost 103 Bitcoins

[Stuart little]

You really have to feel for the guy 103 btc is no small amount to be lost forever. This just adds to the shrinking amount of bitcoins out there.

[vvaswert]

how can you lose that much bitcoin it seems and as far as I know every online wallet that stores bitcoin when making a withdrawal requires verification that is directly sent to you but how can it be lost.

[jackky]

This guy has lost 103 bitcoins he mined back in 2011 and then lost his wallet dat file similar to what I have done but wow this guy must be gutted the amount of money he has lost compared to me  

His Address    166BuLPWHUjqoqiYp5rGE3B5r5AmqgHpoL    Final Balance   103.20832384 BTC

So many people have the same problem and I wonder just how much Bitcoin is stuck not being able to be used

He says "I used to mine Bitcoin back in 2011 and I lost my wallet.dat file (through several stupid moves on my part). It's got approx 103 BTC in it, anyone is welcome to it, I've given up trying."

If I were him, I would probably spend money to hunt and kill someone who robbed my 103 bitcoin. Sadly for him, when the bitcoin price increased to $ 18,000, he owned $ 1.854 million in his account.

[SimpleSwap.io]

In any case where there are some values, including monetary ones, it is necessary to observe all possible methods of protection. Just people are used to the fact that the money on the credit card protects the bank, the passwords from the mails are written in the notebook, and the pin-code from the phone is your date of birth. Just here, he forgot himself, and suffered. He needs to be more careful in the future.

[edjames]

Heartbreaking to read, but I'm sure he isn't the only one. Storing coins and keeping them safe is hard work - there is always the worry of hackers or other scams out there.

[mendra_2009]

Certainly very painful to lose that much bitcoin, but do not make you weak because of the incident. Be patient because those who commit crimes will inevitably get into trouble in their lives, and you should learn from what you have lost to be more careful and learn to protect what you have in a good and right way to avoid happening again. May you keep the spirit and believe it will definitely get back and maybe more you will get bitcoin through the struggle and new spirit in collecting bitcoin and protect your bitcoin well and correctly.

[cryptoasis]

It was not worth time back then in 2011 when bitcoin's price was so low but now it's huge amount. Thats what happens when you neglect being a low value, and when it gets its value, you won't be able to enjoy the benefit of it.

[HukoJla]

I'm very sorry for the guy, he did not have the most hideous situation with him, people learn from other people's mistakes and try to keep your keys in several variants.

[CAPT.DEADPOOL]

he's too big to lose bitcoin but if his bitcoin just holds it he should hold it for a long time because bitcoin is a longterm investment so even if the price of bitcoin fails just wait for the price of bitcoin and it's a bigger gain He knows that his bitcoin holds his sales in 2017

[yesyes18]

Bitcoin was undervalued at that time. People didn't pay much attention to its relevance and so many people lost coins forever. Well it seems now that we have known the relevance of Bitcoins that will reduce.

[upinros]

Yes back to those years Bitcoin was not so appreciated at that time so it's okay for him not to recover it because nobody expects Bitcoin to be at this stage. And it's like the most popular problem before the miners who have mined a lot of Bitcoin, they want to remain real but unfortunately because they are looking for some security for their bitcoin. That's really saying something about Bitcoin security. Even with people around to see your money, they can not get it. Although in this case, even the owner. So you have to be careful.

[Hidden]

omg. 103 bitcoin missing it's very much value to me what is the problem that happens so 103 bitcoin can just disappear if there is a hacker who took the bitcoin assets of the person

[Zigzagkuy]

I think that's a lot. Maybe he felt guilty for the loss of his wallet file. But time can not be repeated. then he should not have to think about it again. Make that his experience.

[armeniimu]

This is a big issue and many of the early miners might be facing this. There are a number of problems in making it possible for people to recover this.

[Ayam1fish]

That is a whole lot of money right now. But come to think of it, as at 2011, the price of bitcoin was not as high as it is today. Probably, he would have even sold it long ago. But the fact is that, he has actually lost a lot of money. And am sure more and more people will lose their assets through the same means, just that we don't know.

[bilal_jan321]

R.I.P all these 103 BTC. There isn't much he can do now to recover his lost BTC. There are many such BTC lost on the blockchain, perhaps one of the dark side of cryptocurrency

[btcdimcash]

I guess everyone who has been enough time in cryptos has lost sooner or later incredible amounts of coins which eventually would be very valuable sometimes later.

[5thFear]

does there exist no way of recovery ? i mean if somehow someone loses the dat file, thats it ? its very risky, isn't it ?

[Patrick777]

Yes, everyone must have had an interesting experience about bitcoin in the past, do you know why? because most people doubt the future of bitcoin.

[Ree_2018]

This study is nothing more than a shot in the dark. They are estimating the number of lost coins based on the addresses that weren't used for a long time. This means that if you bought your coins 2 years ago and kept them on the same address you're probably treated like a person who lost access, which may or may not be true.
You simply can't assume that coins out of circulation are lost forever. There's no proof for it.