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Nadziratel
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January 20, 2020, 01:23:14 PM |
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No matter how cautious you are, these can happen to man. I cannot reach my wallet, which has some crypto, as my phone has failed. |
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TravelMug
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January 20, 2020, 01:33:28 PM |
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He didn't mentioned how much he lost here.
So I'm thinking this is just another attempt on his end to discredit BTC here.
Of course, if you invest on it, you should take care of your wallet's password, in which Peter Schiff doesn't really understand on the first place.
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The Sceptical Chymist
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Merit: 6830
Cashback 15%
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January 20, 2020, 01:37:15 PM |
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Interesting article, but the skeptic in me is wondering if it's actually true. Sounds to me like there might be a chance of him recovering his bitcoin if someone can figure out what the problem is. It also sounds like a perfect statement to make if you wanted to slam bitcoin--by pointing out how easy it is to lose it. And the little devil that sits on my shoulder is gleefully wondering how much bitcoin Schiff had in that wallet. I've never been a fan of the man, since he's been blowing hot air for years now about gold and bitcoin and I'm just tired of his nonsense. If he hates bitcoin but bought and lost it anyway, then screw him. My third curiosity is about which wallet he's using and how strong his password was. If it wasn't really strong, there's a good chance he could remember it. Anyway, this "news" is interesting but has a funny smell to it. Edit: So I'm thinking this is just another attempt on his end to discredit BTC here.
Ah, you beat me to that statement. That did occur to me as well as I said. |
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Jet Cash
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Activity: 2702
Merit: 2456
https://JetCash.com
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January 20, 2020, 01:40:01 PM |
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He's pretty stupid, as he uses the same password for everything. Anyway, I gather one of the Bitcoin YouTubers has recovered it for him.
Wasn't he one of the guys who used to say - if you don't understand it, then don't invest in it.
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Darker45
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January 20, 2020, 01:48:49 PM Merited by vapourminer (2) |
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He didn't mentioned how much he lost here.
So I'm thinking this is just another attempt on his end to discredit BTC here.
Of course, if you invest on it, you should take care of your wallet's password, in which Peter Schiff doesn't really understand on the first place.
Because Peter did not lost his password. His wallet forgot his password. Well, that's according to him. LOL to the logic of this old man. So I agree with you that this might actually be just another silly attempt on his end to discredit Bitcoin. He said he lost his password. Just like that. And now he is once again barking at Bitcoin no end about owning Bitcoin as a bad idea. He was simply looking for another reason to attack Bitcoin at a particular time when Bitcoin is bullish and proving him wrong for the nth time. Pomp came to the rescue but the old man insisted that nothing could be done about it anymore. He seems afraid that Pomp could actually recover his Bitcoin and find out that it was just a mere 0.000001 BTC. |
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CodyAlfaridzi
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January 20, 2020, 01:54:03 PM Merited by vapourminer (2) |
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This sums it up After Schiff tweeted about his loss, the crypto community was quick to jump to the rescue. For example, co-founder and partner at Morgan Creek Digital Anthony Pompliano responding by asking if he forgot his password, to which Schiff has responded that, “My wallet forgot my password.”  Hilarious  My third curiosity is about which wallet he's using and how strong his password was. If it wasn't really strong, there's a good chance he could remember it. Anyway, this "news" is interesting but has a funny smell to it.
Apparently his password is just "a very simple numeric". |
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rizkyalhabsy
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January 20, 2020, 02:16:24 PM |
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how can be ? a wallet forgot the password ? which mean the wallet have a stupid system,its not make any sense.
what i thought just he probably didn't uses his brain to open the wallet, or probably he uses the wrong password for login to his wallet.
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iamaruf
Sr. Member
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Activity: 1064
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Vave.com - Crypto Casino
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January 20, 2020, 02:24:49 PM |
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He didn’t mentioned the amount.I can 1$ worth of bitcoin or 1bitcoin.Man can forget password, but Machine can't.is he mad? Or saying it because of his loss.
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peter0425
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January 20, 2020, 02:31:19 PM |
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no i don't believe him because he is a prominent person and has some bad words towards bitcoin so there may be some intention in this end. and what i think is there are lots of things to save password and all of a sudden he lose his?nah that's a joke. |
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ChrisPop
Legendary
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Activity: 2310
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Not your Keys, Not your Bitcoins
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January 20, 2020, 02:36:44 PM |
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There are two hypothesises here. Being a renown Bitcoin bear he might want to bring panic to the crypto community that Bitcoin and inherently BTC wallets are not safe, but I'm sure no one would believe that non-sense. He is either just faking the lose of his password or he is a negligent bitcoin user. It is common sense to back-up the private keys to your wallet especially if you hold a significant amount of funds.
No matter what he says - he is the only one to blame. He didn't even exposed the bitcoin wallet he was using afaik
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NeuroticFish
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January 20, 2020, 03:25:44 PM |
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Interesting article, but the skeptic in me is wondering if it's actually true. Sounds to me like there might be a chance of him recovering his bitcoin if someone can figure out what the problem is. It also sounds like a perfect statement to make if you wanted to slam bitcoin--by pointing out how easy it is to lose it.
You said too nice. I also think that he just tries hard to find something to say against Bitcoin. Did he have an account to an online/custodial wallet? Then he didn't "own" any Bitcoin from the first place. Did he forget the password for his wallet and he doesn't have a backup of the seed? Then why he tries to blame Bitcoin for this?! PS. People tend to remember forgotten password. Of course, some people will never admit that.  |
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outatime1
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CryptoTalk.Org - Get Paid for every Post!
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January 20, 2020, 03:28:16 PM |
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Maybe this is why he is a bear in the concurrency space. If people aren't responsible enough to secure their private keys, then this will happen and it'sno one elses fault and should not reflect on cryptocurrencies as a whole.
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Youghoor
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January 20, 2020, 03:54:02 PM |
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Its one thing to lose your wallet login details and another not remembering the exact password you used. But personally, the problem i always have with people forgetting their password or lossing their password is that, how can you lose the password to the wallet containing money (bitcoins to be precise)? This tells me that you don't value the bitcoin you own in the first place and don't believe that its the future of money.
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Artemis3
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January 20, 2020, 04:03:19 PM |
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According to Cointelegraph, perennial bitcoin bear Peter Schiff has lost his bitcoin due to losing his password:
What are your thoughts?
Another one losing the wallet/password... Did Peter ever came here to read the gazillion warnings about making the seed words and securely store that handwritten paper with said seed words? Seriously the password (or wallet) no one cares, but if you don't do this you will lose your funds. Let this warning serve to anyone reading this message. Well on the good side, for every (formerly) rich bitcoiner losing their wallet, value of bitcoin as a whole increases a little bit. Its like burning coins, so i guess he unwillingly gave a large donation to the community. |
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d.kevin29
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January 20, 2020, 04:20:34 PM Merited by vapourminer (1) |
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You said too nice. I also think that he just tries hard to find something to say against Bitcoin. Did he have an account to an online/custodial wallet? Then he didn't "own" any Bitcoin from the first place. Did he forget the password for his wallet and he doesn't have a backup of the seed? Then why he tries to blame Bitcoin for this?! PS. People tend to remember forgotten password. Of course, some people will never admit that. Peter Schiff would do just about anything to give Bitcoin a bad name. He's against it, I respect his ideas and thoughts due to the fact that everyone is allowed to have their own ideas and thoughts. He's one of a kind however, and the reason I don't appreciate him is because there's a difference between not liking a cryptocurrency and creating a false, negative image of a coin just because you hate it. You don't like Bitcoin & cryptos? Good for you. I'd debate with anybody who hates cryptocurrencies but those people like him. This "my wallet forgot my password" thing shows just how much he really knows about Bitcoin and the way it works. And, besides all this going on, if he hates it so much, EVEN IF he had all the BTC gifted to him, why was he even holding a cryptocurrency? That's similar to owning a gold investment but talking all the time about how you'd never buy precious metals. See the connection? |
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7788bitcoin
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January 20, 2020, 04:28:27 PM |
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He's pretty stupid, as he uses the same password for everything. Anyway, I gather one of the Bitcoin YouTubers has recovered it for him.
Wasn't he one of the guys who used to say - if you don't understand it, then don't invest in it.
The problem with these idiots is that they are not doing what they preach and that in itself shows their character. He loves the media spot light and he preaches some stupid things and he might have some followers to listen to these stupid things. May this is another ploy to have some media coverage that he lost his coins because he lost his password and want to show that how old people should not use it . |
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luckyflop
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January 20, 2020, 04:35:16 PM |
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He didn't mentioned how much he lost here.
So I'm thinking this is just another attempt on his end to discredit BTC here.
Of course, if you invest on it, you should take care of your wallet's password, in which Peter Schiff doesn't really understand on the first place.
He forgot his password, and he could not access his wallet. It was all his fault and it had nothing to do with Bitcoin reputation, we are human and we can forget anything we don't want and for a cryptocurrency market investor, we should be careful to store everything because it's our money. But it seems that he is very indifferent to this matter |
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bL4nkcode
Copper Member
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Limited in number. Limitless in potential.
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January 20, 2020, 04:35:17 PM |
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A huge hater and a critic of bitcoin, and this incident does proved that he's just talk with his criticism without learning the technology and technicals behind of what his criticizing.
Plus using a buggy web wallet such blockchain.com is too naive for a ceo of some company.
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betty11
Copper Member
Jr. Member
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Activity: 448
Merit: 3
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January 20, 2020, 04:37:23 PM |
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If he truly lost his bitcoin password, then it doesn't fully understand how to be his own bank. There are several ways of keeping tracks on bitcoin password, besides we have the option of keeping save our private keys and recovering phrase, so he didn't keep all these or he's just bashing bitcoin?
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