This guy has lost 103 Bitcoins

[joanshu]

There are several cases like such even my friend used to do mining back on those days and he also had lot of bitcoins with him.He even used to give away free bitcoins as it did not have much value as of now.He has still 150 btc stuck on his old computer as he saved the private keys on his old system which got spoiled and ended up loosing 150BTC on cold storage it is still stuck for him aswell.

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[wuvdoll]

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."

It was because he is very reckless. We all know that a big amount of bitcoin should be stored in cold storages to ensure that your profits will be kept safe. Or, he should have started withdrawing his money by the year 2016.

Actually 103 bitcoins that time was not such  a huge amount and he would have taken it lightly about saving his bitcoins in cold storage or paper wallet. Restlessness affects a lot in our learning history but I can understand his situation that time. That time, 103 bitcoins would not be above $1000 I guess.

Even $1000 was too big for 103 bitcoins to achieve to. Price for bitcoins has raised much more above in last some years and until 2011 it was unknown to many of us.

[kasansa]

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."

It's mainly due to the reason that Bitcoin was not famous at that time and it's price was also very low at that time. No one knew that bitcoin price would reach such a high price in future. So most of the early birds just saved their bitcoins carelessly. Otherwise this incident would have not happened.Nowadays,we check even more than three to five times the receiver's address before sending our bitcoins as a single wrong click would end in loss.

[strongpic]

wow, a number that everyone would like to have, i feel sad for him.

[Arkitekt]

How terrible! I can't even imagine how that must feel looking at that address ... I'd probably be checking it all the time too.. terrible.

[Kevondo]

This huge amount, at current cost. If I just lost wallet.dat after every increase in the cost bitcoin, I would go crazy again and again...

This is bad lose no doubt but I think he must did some kind of mistake I mean maybe he did not wait for long time and sold bitcoin at low price. Now several scammers are also scamming and this way they use to take all bitcoin form people. If you get to bitcoin at very first try to secure your bitcoin then think about saving it for long time. It is huge lose and will take a lot of time to be recovers again.

[popolite11]

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."

There are a lot of such stories. If you are working with digital currencies in some corners of your mind you must to be ready to rake a risk a be ready to lose money if something will go wrong.

[Tipsters]

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."

Oh, no! 103 Bitcoin is so huge. You can be a multi-millionaire if you convert it to fiat currency. That was a huge loss. I am so sorry to the man you are talking about. I hope he is still continuing mining Bitcoins. What had happened to him was just a temporary loss. Someday, he will definitely win if he is not losing hope and still continuing his work.

[fbcvgtca]

A lot of users are in that situation,where they either forgot the password or the wallet seed or simply do not know where you have taken the back up of the wallet and in my opinion around a million bitcoin are lost forever and the majority of the coins are from the beginnning as it was easy to mine the coins.It is not possible to get those coins and no one can help you in recovering those.

That is really very regrettable. I even think the real number is more than what you say.

[Jombitt]

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."

I cant imagine how it hard to be in on his part. If i was him for sure i will regret and never forget that in my entire life. 103 btc is a very big value nowadays and you can live without having a work lol. I don't think there is a chance to retrieve the wallet dat file and the bitcoin funds will be lost forever.

[bribed]

Oh boy, this is really must hurt. 103 Bitcoins is a fortune with the current prices. But as life plays like this sometimes, there is no good in regretting things like this, there will come other opportunities. Hope he learned his lesson from this huge loss. I still hope for this guy that he will somehow be able to recover his wallet file.

[Ctstrphy]

That's one disadvantage of being your own bank. Once you lose the keys to your vault, nobody could find it for you. I guess even using BFA to get his private keys would take ages.

[AntonGrishko]

as well, that I did not know about Bitcoin in 2011. I think that I could not live in peace, having lost the same amount.

[DirtyMartini]

A lot of users are in that situation,where they either forgot the password or the wallet seed or simply do not know where you have taken the back up of the wallet and in my opinion around a million bitcoin are lost forever and the majority of the coins are from the beginnning as it was easy to mine the coins.It is not possible to get those coins and no one can help you in recovering those.

Yep think there are quite a few of us who have lost Bitcoins and Litecoins from the early days lol.  There was one guy over here who even went as far as searching the rubbish dumb for a hardrive which he threw out. If he could have found it he would have also been a millionare today.

Haha yeah I was gonna say about the rubbish dump guy.. That's probably the worst one I've heard..

Would you go diving into garbage for $100million??

http://www.telegraph.co.uk/technology/2017/12/03/unlucky-man-accidentally-threw-away-bitcoin-worth-100-million/

[AMiRU]

I wonder how much more bitcoins are lost due to situation like this. Pretty sure those who gets bitcoins back when it worth like a dollar or less; didn't really bother to store their wallet properly.

[el kaka22]

Hard to imagine what my reaction would be if this happened to me. I think we should, from this sad event, learn yet another lesson for our lives so that in the future we will not be in a similar situation.

Losing anyone of the above can surely affect us to a huge loss. It is better to be safe by storing the wallet file or private key in a safe place which can be accessed if needed. Actually bitcoins do not have any paper form or hard currency likes national currencies and bitcoins are completely digital and anonymous which needs wallet.dat file or private key, etc to access the funds.

103 Bitcoins is really a huge amount now, but it was not that huge amount in 2011 so he might not be regretting much now. 103 bitcoins can easily settle up lives of any individual in the current situation. Most of the people's have the same problem and even no one can help them out of this as losing the wallet file is like losing everything we have to take care of.

[Aikidoka]

It is really sad to see someone lose his fortune after making so much efforts. It is a fact that bitcoin was not worth the value back in 2011, but look at it now! It is worth of 14k$.

I wish I could do something that can help him get back the lost money, but I am not good at these kind of things. Let us hope he finds a way to get back his money as soon as possible.

[Vilgax73]

Similar story like the one with the guy who paid 10 000 BTC for 2 pizzas back in 2010. Poor guys 

[Dani33]

Read this news really hurt me, there are many cases like this because crypto currency have ever a percentage of risk to lose some money but 103 bitcoin is so much, i can't imagine how this guy is sad now

[Zarbout]

Many people lost their wallets from 2011 when Bitcoin worth nothing. Unfortunately, no way to recover their wallet or to even know how much Bitcoins are lost.