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Author Topic: What if you forget your bitcoin wallet password?  (Read 1958 times)
wndrbr3d
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May 03, 2018, 08:36:31 AM
 #161

For such situations, every time when i create new wallet for any cryptocurrency, I encrypt+save new txt files with pass/phrase in different places: Usb Flash drive, Cloud drives, etc.
mkcube
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May 03, 2018, 08:41:27 AM
 #162

Oh my God please dont forget that one.I dint know what happen to me when i forgot my wallet. The best thing you can do is save your bitcoin wallet password to other a hard copy, i mean you should have plenty of soft copies for you to kept,so that when times for forget or lossibg it it will recover immediately.
gandhe83
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May 03, 2018, 08:55:14 AM
 #163

Oh my God please dont forget that one.I dint know what happen to me when i forgot my wallet. The best thing you can do is save your bitcoin wallet password to other a hard copy, i mean you should have plenty of soft copies for you to kept,so that when times for forget or lossibg it it will recover immediately.
exactly . This is a market based on blockchain technology with high security. So the worst thing is forgetting your wallet. This will make us lose everything.
peterstrong007 (OP)
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May 03, 2018, 08:59:45 AM
 #164

There are a lot of people in this situation and unfortunately there is nothing they can do if they do tm now any information about their wallet. At least if they would know the ID of the wallet, the email, number phone or any information about that but everything if lost because they bought or mined bitcoin long time ago

Actually,the wallet password can be retrieved by digital brute force.
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May 03, 2018, 09:27:55 AM
Last edit: May 04, 2018, 05:29:11 AM by Yakapo
 #165

forget the bitcoin wallet code and you are in trouble, that's just it,one thing BTC wallets don't do is to keep back up for your wallets that can help you recover it, lose your pass code and all that you have worked for will remained an untouched relic and there is nothing that can be done about it, that's why its advisable to have a paper wallet,or simply write the password where only you can access it,it always come in handy
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May 03, 2018, 09:28:14 AM
 #166

Well the first thing everyone is asked to do when they enter the crypto world is to backup and keep their private keys and passwords safe. If someone isn't able to follow those instructions than it is their mistake for losing the money. And there is nothing anyone can do if the wallet password is lost, not even Satoshi could do anything for you.

bitfocus
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May 03, 2018, 09:33:02 AM
 #167

then all the bitcoins are lost forever.
threegods
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May 03, 2018, 09:41:38 AM
 #168

If you lost your privatekey, there is no way to recover it and your btc is gone. I lost some this way
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May 03, 2018, 09:42:05 AM
 #169

Recently many people who bought bitcoin years ago find themselves sitting on an untouchable bounty. Those lucky guys who purchased or mined just a few bitcoins at the start of the age of cryptocurrency nowadays can boast about their savings. However, some of them are now in a painful limbo,because they can't remember the complex security passwords needed to get to their bitcoin wallet. Unlike a bank, bitcoin has no central hotline to call for a reset. This is really a bad thing,it's like forgetting a bank account password, but there's no bank to call to reset it. That money is lost forever. That might be a lot of money at today’s exchange rate.

Actyally, this bad thing happened to me last year, and my friend recommend  this website:http://recovermybtc.com/ to me,she said she has retrieved her bitcoin wallet password through it,and I download this software,it really works after I used it,and you need to pay some service fee to them, but it's not high.Somebody who lost their bitcoin password can make a try, good luck.


I think to avoid this scenario i suggest to all logbook your password or the private key and keep it into the vault for the safety. Congrats your a lucky guy because you can recover your bitcoin but have possible can't recover the bitcoin wallet if can't remember the secret question to recover your account wallet.
peterstrong007 (OP)
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May 03, 2018, 09:58:26 AM
 #170

If you lost your privatekey, there is no way to recover it and your btc is gone. I lost some this way

Maybe you can try this website they recommend,and most of my friends have retrieved their bitcoin password through it this week.
jame suny
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May 03, 2018, 10:05:07 AM
 #171

In my wallet this is possible. There normal guys work, they react to all questions quickly and help. I think they would have unblocked him, of course, if you proved that he is yours. Therefore, you can not specify other people's names and hang pictures on your avatar.
brightology
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May 03, 2018, 10:07:49 AM
 #172

Bitcoin wallet can be recovered password, as soon as you have your  login ID, in your email. And also remember the email used when creating the account, it can be recovered interval of a second, in Blockchain technology.
CherRic
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May 03, 2018, 10:08:15 AM
 #173

Recently many people who bought bitcoin years ago find themselves sitting on an untouchable bounty. Those lucky guys who purchased or mined just a few bitcoins at the start of the age of cryptocurrency nowadays can boast about their savings. However, some of them are now in a painful limbo,because they can't remember the complex security passwords needed to get to their bitcoin wallet. Unlike a bank, bitcoin has no central hotline to call for a reset. This is really a bad thing,it's like forgetting a bank account password, but there's no bank to call to reset it. That money is lost forever. That might be a lot of money at today’s exchange rate.

Actyally, this bad thing happened to me last year, and my friend recommend  this website:http://recovermybtc.com/ to me,she said she has retrieved her bitcoin wallet password through it,and I download this software,it really works after I used it,and you need to pay some service fee to them, but it's not high.Somebody who lost their bitcoin password can make a try, good luck.

Well, if that application can retreive lost password, what if they will use that to steal money like copying others bitcoin wallet and then they put that in that app and the password will appear. The best thing to do is to always write down your password and keep it in a very safe place.
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May 03, 2018, 10:15:20 AM
 #174

Recently many people who bought bitcoin years ago find themselves sitting on an untouchable bounty. Those lucky guys who purchased or mined just a few bitcoins at the start of the age of cryptocurrency nowadays can boast about their savings. However, some of them are now in a painful limbo,because they can't remember the complex security passwords needed to get to their bitcoin wallet. Unlike a bank, bitcoin has no central hotline to call for a reset. This is really a bad thing,it's like forgetting a bank account password, but there's no bank to call to reset it. That money is lost forever. That might be a lot of money at today’s exchange rate.

Actyally, this bad thing happened to me last year, and my friend recommend  this website:http://recovermybtc.com/ to me,she said she has retrieved her bitcoin wallet password through it,and I download this software,it really works after I used it,and you need to pay some service fee to them, but it's not high.Somebody who lost their bitcoin password can make a try, good luck.
Well, that was really bad and seems to be so unfortunate to forget your bitcoin wallet password that is why the decentralization of Bitcoin is its advantage because no one can have access on it except the owner which sometimes or most of the times that advantage also becomes a disadvantage considering this kind of scenario wherein you cannot retrieve it anymore. Imagine, all your savings for so long, are just put into trash because of a single mistake you have made which is forgetting your Bitcoin wallet password. So this must be a lesson learned that everytime you were making an account, be mindful of the password by putting or taking down notes in a piece of paper or anything that you can search upon once you have forgotten it.

KateOrigami
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May 03, 2018, 10:22:55 AM
 #175

Forgetting the password is a very big problem, because if we forget, we will lose everything that we have in our wallet. It can be very difficult for us to restore it without the risk that someone will steal our money. Therefore, I think you should write down the password and save the file in several reliable places, for example, a USB flash drive.
ViceOfBTC21
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May 03, 2018, 10:29:30 AM
 #176

Forgetting the password is a very big problem, because if we forget, we will lose everything that we have in our wallet. It can be very difficult for us to restore it without the risk that someone will steal our money. Therefore, I think you should write down the password and save the file in several reliable places, for example, a USB flash drive.

But what if you still live with parents and don't want them to know that you have this note hidden somewhere? Also, if they find it out, there is 90% chance they will just throw away note cutting access to your bitcoins, 7% they will also throw away it and get angry at you too and 3% chance that they will just steal your bitcoins. I think putting note "Don't throw it away" is even worse than no note at all, because you just make sure they will shout at you and you will lose your BTC too.
hefjor
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May 03, 2018, 10:39:12 AM
 #177

Recently many people who bought bitcoin years ago find themselves sitting on an untouchable bounty. Those lucky guys who purchased or mined just a few bitcoins at the start of the age of cryptocurrency nowadays can boast about their savings. However, some of them are now in a painful limbo,because they can't remember the complex security passwords needed to get to their bitcoin wallet. Unlike a bank, bitcoin has no central hotline to call for a reset. This is really a bad thing,it's like forgetting a bank account password, but there's no bank to call to reset it. That money is lost forever. That might be a lot of money at today’s exchange rate.

Actyally, this bad thing happened to me last year, and my friend recommend  this website:http://recovermybtc.com/ to me,she said she has retrieved her bitcoin wallet password through it,and I download this software,it really works after I used it,and you need to pay some service fee to them, but it's not high.Somebody who lost their bitcoin password can make a try, good luck.
If you lose your password and private key its just like you lost your money in casino,the thing that i am using is when i got my password and private key i save it to my drive and i print it on my printer and put it on my pocket wallet so that i never lose it. Thats the way im doing to have an assurance on my private key and password.

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BennyK
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May 03, 2018, 10:41:10 AM
 #178

When you forget or lose your password, all you need is to contact the support service of the company which produced the bitcoin wallet for a password recovery. But you can also employ the use of hard ware wallet like the Ledger Nano S for much security.

pat4cryptoreal
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May 03, 2018, 11:16:46 AM
 #179

If the site you mention is a perfect and secure way of recovering bitcoin password it is a good news. I have heard so many people cry because they cannot have access to their wallet due to forgetting password. This will also have disadvantage in the sense that some people may use it to penetrate others wallet. If we value our bitcoin we will use every means to secure and keep our password.
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May 03, 2018, 11:22:42 AM
 #180

you are your own security in the cryptocurrency space, ensure you save on a gadget and also you can print out your wallet recovery details and keep in a safe place to avoid total lost of your BTC, You have to be carefull with recovery site, as they seems to have access to your wallet key, I do not trust such platform.
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