OMG !!! Disaster for BitCoin... Who Stole all of PETER SCHIFF's Bitcoins ???

[DooMAD]

I am backing up my seed here so that I do not lose access to my BitCoins also !!!
~

Is that yours? Nice, for disclosing it in the public.

Ignore them, they're just trolling.  They've done it in other topics too.  A quick glance at their post history reveals they are fundamentally anti-Bitcoin.

[o_e_l_e_o]

I know OP is a troll, and have warned others about him in the past myself, but for the sake of any newbies reading this thread, I wanted to make one final post to conclude this nonsense:

Turns out, to the surprise of absolutely no one, that the reason Schiff couldn't log in was because he was indeed trying the wrong password: https://twitter.com/PeterSchiff/status/1220135541330542592

This whole nonsense has nothing to do with bitcoin being hacked or insecure, wallets being corrupted or stolen, or computers "forgetting" passwords (which is hilarious even to suggest). It is entirely because one guy didn't take the most basic of security precautions and forgot his password.

Schiff doesn't understand the first thing about bitcoin or technology in general.

[Kakmakr]

Looking at OP's post history, you will quickly see that he/she is a Goldbug and a fan of Peter Schiff.   

fortunately, Bitcointalk.org allows for freedom of speech and trolls like OP will have a platform to spread FUD like this. I once went onto a Gold forum and I posted something about Bitcoin and I got a 3 month ban for that post, but Bitcointalk.org allow open discussion and trolls like this flourish in this kind of scenario. 

Peter Schiff did not do any research on Bitcoin before someone gifted those bitcoins to him, because if he did, he would have known that you have to backup your seed to protect your bitcoin wallet and it is obvious that he did not do that. Now he shifts the blame for his own mistakes to the technology that he wants to bash.     <very unbiased and agenda fueled statement made on Twitter>

[tabas]

It's his problem of forgetting the important detail of his account that contains his bitcoin asset. There is a chance that he's just also playing out just like the first people that flamed bitcoin with bad words but turns out suddenly that they are also bitcoin lover.

He just wanted attention, that's all.

..And I doubt he really lost his keys on his wallet, IMO he's also gaining benefits on using BTC and at the same time, he's an anti-BTC for promoting his own Ponzi. It's just an act, my fellow friends.

I guess you are right with that. He posted again with his twitter account and it tends that his problem has been solved.
https://twitter.com/PeterSchiff/status/1220135541330542592

[HardFacts]

So those of you that were saying that Peter Schiff was FAKING the whole thing must feel pretty stupid right now.  But probably not, dumb people never know they are dumb.

A BitCoin expert at a debate set up Peter Schiff's account for him, he has told that story several times, so it makes perfect sense he did not have his seed phrase...   At least Peter Schiff is HONEST enough to tell everyone the truth, more than I can say for many people here !!!

Hard Facts

[kro55]

#Crypto was my worst #investment because I lost 100%,” Euro Pacific Capital CEO @PeterSchiff tells  (source)
I think this is another attention seeking move just like we were reading threads related to Craig Writgt and McAfee.
You have to take care of your password and if you lost it due to some reason then why blaming crypto for that.  Why not accepting your own mistake.

Peter Schiff is a millionaire many times over, and smarter than you will ever be.  He did NOT, NOT, NOT forget his password.

Only a total loser needs to embrace a LIE to make himself feel better. 

he mean he lost his btc due to wrong move ( trading ) not loosing it coz he lost his password or its stole by someone  but whats more worst is that he put the blame all on btc  .  

lol , how dare him    ? he isnt a newbie and he is inteligent to know how btc work or how trade work but if he is a newbie i think that will still be forgivable somehow   . but this could be the reason for the slight decline that we exprience the past days   .

Just wanna add one correction he is saying he didnt forget his password rather his wallet forget his password. I dont think he saying he lost in trading by wrong moves. Either way its the responsibility of user to take care of his btc.

[HardFacts]

I figure someone should relate this to someone forgetting the combination to their safe because they never bothered writing it down and now they can't get the gold out.

VERY WRONG AND VERY STUIPD ANALOGY....

If you forget the combination to your safe, you do not lose your gold, it will be a huge PITA and take a lot of time, but you do get your gold out...

Peter Schiff's BitCoin are gone FOREVER....

Geez, you are so dishonest with yourself and others, that you are not even operating at a grade school level of intelligence.

Hard Facts

[Artemis3]

where's the hard fact there?

Peter Schiff's Bitcoins wasn't stolen and he already admitted that he lost his keys to access the bitcoins. IMO, this guy is a fraud, how will you lost access easily on his BTC. He is claiming that his wallet is being corrupted and stating his password is already not valid, that's the first time I hear those kinds of excuses on losing BTC. Probably he just wants to give negative thoughts on BTC to the public or just wanted public attention.

• Peter Schiff Lost His Bitcoin, Claims Owning Crypto Was a ‘Bad Idea’

Most of the people think PS is just an anti-Bitcoin and probably it's true.

I lost my smartphone, therefore owning a smartphone "Was a Bad Idea"... Hmm. I wonder if he was even telling the truth, maybe there are no lost funds or bitcoin wallet in the first place.

Otherwise he would have know about making the seed words phrase. For how long has this been documented? Probably since about the time paper wallets fell in disuse, that's YEARS ago.

If true, the lesson is good for whomever might have a wallet but not the seed words, remember, those seed words are everything, you can lose your password and your wallet, but never lose these words. If you wallet is too old, move the funds to a new one and generate the seed words, write them with your own hands in a piece of paper, secure this paper. You should probably have two copies, and secure them both on separate physical locations.

If you own a wallet, with any meaningful amount of coins, and still don't have the seed word phrase, do it now. Find the proper way to do it, with a secure os booting from a live iso (Tails OS is a good choice). This is the same for any wallet, hardware wallet is not excuse, with the seed words you can lose the wallet and still get access back to your money. A hardware wallet is not a good long term storage solution, but the paper with words is.

[HardFacts]

I wonder if he was even telling the truth, maybe there are no lost funds or bitcoin wallet in the first place.

Otherwise he would have know about making the seed words phrase. For how long has this

VERY VERY WRONG ASSUMPTION ON YOUR PART.  Eric Vorhees set up the wallet for Peter Schiff at a Bitcoin Debate. 

For the full story and update, see the video on first post of this topic.

Hard Facts

[crisanto01]

I figure someone should relate this to someone forgetting the combination to their safe because they never bothered writing it down and now they can't get the gold out.

VERY WRONG AND VERY STUIPD ANALOGY....

If you forget the combination to your safe, you do not lose your gold, it will be a huge PITA and take a lot of time, but you do get your gold out...

Peter Schiff's BitCoin are gone FOREVER....

Geez, you are so dishonest with yourself and others, that you are not even operating at a grade school level of intelligence.

Hard Facts

They aren't gone forever, he just needs to remember his password, i doubt he created a strong one and he is just old and senile and forgot it. Someone close to him could probably figure it out by bruteforcing petnames and numbers.

Peter has been known as one of the haters of Bitcoin or cryptocurrency, so I doubt that he's telling truth unless he has enough proof, I think he just did this to seek attention and to make people panic at all that it can be happen to them too, so don't believe much in everything what he's saying.

[HardFacts]

They aren't gone forever, he just needs to remember his password, i doubt he created a strong one and he is just old and senile and forgot it. Someone close to him could probably figure it out by bruteforcing petnames and numbers.

Do you not understand Grade School level English ???  This simple chain of events only had 2 steps to it,  do you not have enough intelligence to understand a 2 stop process ???

Peter Schiff NEVER created the password, Eric Vorhees set up the account.  Peter only created and used the PIN number.

If you can not comprehend such a simple fact, how could your advice about something as complicated as money and bitcoin be worth anything to anyone ???  

Hard Facts

[coinfinger]

I’m confused, what do you mean that someone stole his Bitcoin?
But, he said that he lost them and they were not stolen, so how do you arrive on your idea that it was stolen? You even said it here that it was as a result of a software update that made him lose his Bitcoins.

Let’s just take it like that, he made a mistake and he lost his Bitcoin, there’s nothing we can say about it and there is no way he can recover it and we also feel sorry for him. On his Twitter he even wrote that he knew owning Bitcoin was a bad idea but he never knew it was this bad.

[Gotumoot]

I do not know Peter Schiff but I read on some social media website that he not back up the seed so he no longer have access to bitcoin wallet.
Now he's blaming the Wallet because he has no other way to gain access again.

[HardFacts]

I do not know Peter Schiff but I read on some social media website that he not back up the seed so he no longer have access to bitcoin wallet.
Now he's blaming the Wallet because he has no other way to gain access again.

Given your response, you did not even bother to read the first post of this thread.  Seriously, you offer an opinion in a thread you did not even read     The stupidity and incompetence of some people here is just shocking.

UPDATE 23 JANUARY 2020

Peter Schiff figured out exactly what happened, and all of Peter Schiff's bitcoin is gone FOREVER, now living in BitCoin Heaven...   Eric Vorhees set up Peter Schiff's wallet at a debate for him, and Never gave Peter Schiff's his Seed words, nor his password...  Peter Schiff used his PIN believing that was all he needed until a software update logged him out of his wallet, and he now has no way to get back in...  So Peters Bitcoin is TOTALLY GONE as Peter First reported, the only difference is that we now know why.

For the few people HONEST enough with themselves that they want to hear the story directly form PETER SCHIFF, listen from here, it is short and starts at 45:30 in the video:

https://youtu.be/yVEC1XplEGc?t=2730