Why it is important to lose Bitcoin to an incorrect wallet address

[xSkylarx]

2. To conclude your lengthy and non sense post, you should sent you bitcoins to wrong bitcoin wallet or else it will be lost forever is that what you mean OP?

Let's say that's the case. It is still not necessary to lose bitcoin just to learn your mistake. It is true you can learn from mistakes but if you are careful and observant you can prevent that situation. I've been using bitcoin since 2016 and I never mistakenly send to a wrong address. If you will send some big amounts I'm sure you check the recipient many times before confirming it.

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[Nhor1011]

I believe many of us has lost the precious Bitcoin at some point.
  A lot of this loses could be traced back to wrong wallet addresses on the part of the sender (more reason you should double check the address before sending).

At some point you mistakingly sent Bitcoin to an ERC-20 wallet or sent it to an incorrect wallet.
 
 Either ways, the coin becomes lost.

In times like this thoughts like this set in, "why is there no provision for recovering lost Bitcoin?

 My answer to this might sound inconsiderate, but...

It is a good thing you lost it, and it's a good thing it cannot be recovered.
 Maybe you will be more careful next time

What is good about losing your bitcoin? Bitcoin is a very valuable digital currency that almost everyone wants to have,so if you have it you should be careful in making your every transactions. The good thing if you lost bitcoin it will reduce the number of supply and it makes the value increase. You need to check your bitcoin wallet address multiple times before sending bitcoins so that you will not lose your coin.

[apoorvlathey]

2. To conclude your lengthy and non sense post, you should sent you bitcoins to wrong bitcoin wallet or else it will be lost forever is that what you mean OP?

Let's say that's the case. It is still not necessary to lose bitcoin just to learn your mistake. It is true you can learn from mistakes but if you are careful and observant you can prevent that situation. I've been using bitcoin since 2016 and I never mistakenly send to a wrong address. If you will send some big amounts I'm sure you check the recipient many times before confirming it.

There is a very popular saying that "Prevention is better than cure", but I guess OP is not aware of this. What can be prevented with just a little more caution and knowledge, the OP is instead asking that we must lose what we already have, that doesn't make sense to me.

Many people might get bankrupt if they followed such philosophy. Want to learn online banking? send to wrong person; writing your first check? write wrong person's name.
I hope you understand what's wrong.

[lighpulsar07]

2. To conclude your lengthy and non sense post, you should sent you bitcoins to wrong bitcoin wallet or else it will be lost forever is that what you mean OP?

Let's say that's the case. It is still not necessary to lose bitcoin just to learn your mistake. It is true you can learn from mistakes but if you are careful and observant you can prevent that situation. I've been using bitcoin since 2016 and I never mistakenly send to a wrong address. If you will send some big amounts I'm sure you check the recipient many times before confirming it.

I just noticed my reply it has tyographical error it was shouldn't not should anyway i agree with you why we should make a mistake and learn from it? We can just avoid it right? We can learn from other people because they experience it on first hand. And besides it is well known that if you sent bitcoins to wrong address it will be lost forever right?

[Oneandpure]

Follow my step when you make transaction to sent your bitcoin or your token from erc20 wallet, first copy your bitcoin address and paste, after checking you use the same and correct address you can sent your bitcoin, but after checking although by copy paste and you got wrong wallet you have re submit your correct address because when you made mistake with address bitcoin or altcoin just one letter you can't refund or cancel your sending coin.

[kayvie]

I believe many of us has lost the precious Bitcoin at some point.
  A lot of this loses could be traced back to wrong wallet addresses on the part of the sender (more reason you should double check the address before sending).

At some point you mistakingly sent Bitcoin to an ERC-20 wallet or sent it to an incorrect wallet.
 
 Either ways, the coin becomes lost.

In times like this thoughts like this set in, "why is there no provision for recovering lost Bitcoin?

 My answer to this might sound inconsiderate, but...

It is a good thing you lost it, and it's a good thing it cannot be recovered.
 Maybe you will be more careful next time

What is good about losing your bitcoin? Bitcoin is a very valuable digital currency that almost everyone wants to have,so if you have it you should be careful in making your every transactions. The good thing if you lost bitcoin it will reduce the number of supply and it makes the value increase. You need to check your bitcoin wallet address multiple times before sending bitcoins so that you will not lose your coin.

sending it in an incorrect wallet will never be a good and also it is not important.
It may be true that the circulating supply will decreased but money is money. We should not let it put to waste. We should be careful everytime we are sending funds to another wallet.

[Kambal2000]

I believe many of us has lost the precious Bitcoin at some point.
  A lot of this loses could be traced back to wrong wallet addresses on the part of the sender (more reason you should double check the address before sending).

At some point you mistakingly sent Bitcoin to an ERC-20 wallet or sent it to an incorrect wallet.
 
 Either ways, the coin becomes lost.

In times like this thoughts like this set in, "why is there no provision for recovering lost Bitcoin?

 My answer to this might sound inconsiderate, but...

It is a good thing you lost it, and it's a good thing it cannot be recovered.
 Maybe you will be more careful next time

When you consider something as valuable, you ought to treat it with great value and care,  so before sending out your "valuable Bitcoin",  if it's really important to you,  ensure that you double check the address to avoid loss.

 If you have lost Bitcoin the first time due to the aforementioned wallet issue,  then you ain't supposed to lose another one,  as you must have learnt to be more careful now.

as an owner of a bitcoin, I will never going to rush sending founds to the incorrect address it is my responsibility to double-check as we all know that it is not reversible.  it's very hard to lose any single penny from my hard earn money.
but one time I lost my XRP sending it without putting destination tag lesson learn

[Murat]

Why you always learn from your mistakes? You can learn also from other people's mistakes, recent time, I have lost some portion of Bitcoin by sending a wrong address so that can't be recovered, I think recovery system is very essential both owner and platform, so far I Know that the losing portion of Bitcoin will vanish so it's a loss for both owner and this platform also. if there is an opportunity to make recovered then it would be a good thing for both ends. yes, of course, we have to more cautious when we send our Bitcoin address because one mistake could bring a lot of loss within this system, need to be more watchful so that this type of mistake will not happen.

[radjie]

The most important thing we need to do before sending bitcoin to anyone is to pay attention to the bitcoin address that we are going to, because there is no guarantee of a refund if we enter the wrong address. of course everyone will not want to lose bitcoin in vain because of silly mistakes made by himself

[nydiacaskey01]

This happened to me when I was still new in Cryptocurrency and involved in some group who exchanges Bitcoin. I mistakenly sent 0.12BTC to an address that I am done sending, meaning I already sent a Bitcoin to that address, so when I am about to send or create another transaction, I sent again to same address because of copy and paste. Good thing I know who owns the address and after a few days of begging and pleading, BTC was sent back.

[syaripudin]

of course the mistake of writing a single mailing address will not be able to return the amount of the bitcoin balance that we send, therefore always checking the address that we are going to, of course it is strongly recommended before making a transaction to anyone

[cutesgirl]

of course the mistake of writing a single mailing address will not be able to return the amount of the bitcoin balance that we send, therefore always checking the address that we are going to, of course it is strongly recommended before making a transaction to anyone

Just made little mistake with not enough of letter your bitcoin address you can lost your bitcoin assets when withdrawal or sending with using wrong address, you have be careful with your bitcoin wallet address because after sending never have way to cancel your transaction, you have use correct address when make transaction with bitcoin and altcoin.