Another wallet key lost.

[LbtalkL]

That's unfortunate but may I know the name of wallet? Some wallets can be reset by email. I remember something in the previous month Peter Schiff Tweeted https://twitter.com/PeterSchiff/status/1218911797626847234 that he lost his bitcoin because the password is no longer valid but I guess Blockchain wallet replied to his tweet and help him fixed the issue and later on he corrected his mistake on this tweet https://twitter.com/PeterSchiff/status/1220135541330542592 I suggest to contact the support of this particular wallet.

[shaheer001]

I personally secure my wallet keys in three different places in offline pc in USB and on paper But remember one more thing never share your keys with your friend or family member and keep your USB and paper in the lock.

[Tduty]

This is really very tough situation for that newbie, this type of mistake really can't be undone! If he is your friend then motivate him to work hard again to earn double of money and suggest him to buy a hardware wallet and this time he needs to make sure write down the phrase code on a paper.

[taufik123]

The carelessness or mistake of your friend who accidentally deleted the wallet application with a considerable balance is an event that should not have happened, if your friend made a backup to restore the wallet.
Did you warn your friend from the beginning to create a wallet to backup the installed wallet?
Wallet that does not have a recovery code will not be able to reopen and no one will.
I've also experienced the same thing, but the balance of the Altcoin token which the price is pretty good too.
This needs to be an example of learning for anyone, to always back up the recovery code for any wallet, so that they will still have access to manage it.
Feel sorry for your friend for losing the bitcoin he has accumulated with his hard work, but cannot be accessed because of his carelessness.

[gandame]

If it is an android wallet, there may be some way even without his recovery phrase. You can try to help him out and do various ways like contacting the support of the wallet. There are some cases like this before and some of them actually get their money back.

[el kaka22]

Now, think of that and multiply that with 1000x because in reality there is a lot of money gone that will never return. And I mean in millions because when bitcoin first started not many people assumed it would be this big and they didn't took care of their money very well and now they can't get it back.

On top of that, there are places that literally do not have the access to their cold storage which assumed bankrupted companies but the money is still there, just can't be reached, which is why everyone assumes that money totally gone. Out of 18 million bitcoin in existence, it is estimated that over 1 million of it is inaccessible right now. That scarcity is great for us, this means 640 dollars more is removed from the market all together which makes bitcoin worth more (even a tiny fraction).

[Winscosinally]

Many thinks once they set up a wallet on phone there is no need to write out the keys or phrase since the phone will always be in their possession but its wrong, any thing can happen at any time, your phone might get stolen or ruined beyond repair, always write out your private keys or recovery phrases just in case

[Byakuga]

How long ago did your friend collect his bitcoins? And why did he neglect to keep them safe? Is he just a superficial person or a fool ?

Sounds like a fool guy, even if he is a newbie he should care about his fund first, newbies I came across always ask if the wallet can get hacked first so I reply them to keep their private key or recovery seed safe to avoid stolen fund

[imstillthebest]

your friend must be a noob on crypto because he dont know what are those seeds and private keys but there should be a sign that says  " you need to copy those seeds writtern before you continue " and he could be lazy to skip that or he just only lost it   but what if you click on forgot password and other recovery stuff such email and via call/sms on phone? isnt that possible to some wallet ? because on the current wallet that i use , i can easily request access if ever if forgot my login credentials   .

[Bnkr65]

I'm sorry for you. This is a very bad situation, I had a similar situation with the wallet of waves. After that, I started keeping a few copies of the documents with passwords. But on the other hand, it will be a very valuable lesson for you and you will not make such mistakes in the future.

[zelikman]

How long ago did your friend collect his bitcoins? And why did he neglect to keep them safe? Is he just a superficial person or a fool ?

Sounds like a fool guy, even if he is a newbie he should care about his fund first, newbies I came across always ask if the wallet can get hacked first so I reply them to keep their private key or recovery seed safe to avoid stolen fund

Yeah, you should definitely think about the safety of your Bitcoins. Otherwise, you'll lose them forever or others will think for you  

[XCANA]

What? Oh, that was a great lost because of the said money that was involved. Although, this should serve as a warning to everyone who has not yet backup their personal information concerning their respective wallets. After this post, I will ensure I backup all my personal wallets information before proceeds to posting again ~~~i won't forgive myself of any mistake that will cause me such a huge  amount of money in the name of carelessly.

[samcrypto]

That’s a big mistake and even if you want to help him you can’t because he should be the one to know his keys unfortunately, he didn’t do his part. Lesson learned to him, a costly mistake but tell him not to give up because he can start over again. No matter what kind of your cryptowallet always set a backup and always save your keys for a situation like this.

[Chuky92]

Yesterday someone I knew uninstalled his wallet from his android phone mistakenly and he told me to help him recover his wallet but guess what? he did not write out the wallet recovery phrase, the wallet consist of 640$ worth of bitcoin, he was broken, felt pity for him, how can someone not take recovery seed serious? that's what came out of my mouth, Really I felt pity for him because he went through a lot to gather that bitcoin, people need to start taking wallet keys or phrases very serious, newbies should please understand that without these keys you lose your money, time and energy

This is really heartbreaking and I can only but imagine what he is passing through now. It isn't easy to hold coins like BTC only to lose them but yet we need to be careful. One thing known about this crypto space is the case of private keys or backup phrase; all these should be considered extremely important. The security of our tokens lies in our hands and as such if compromised or private keys lost, there is nothing that can be done. I would implore you to teach him how to safeguard his wallet keys.

[bitcoinst]

It is a classic story. Nevertheless, the loss of your friend will benefit the world - the number of bitcoins has irrevocably decreased.
I think nothing can be done here. Unless the application your friend used was able to save some data on the device itself.
I do not know how likely they are to recover, but you can always try to study this issue.

[Rengga Jati]

No backup of phrase or the private key of the wallet even from the application? Wow, so careless. If he has that big amount of funds, he should have known to be careful and smart in managing his asset. Moreover, this is about the very basic thing that must be understood. If you have no ph or pk, it means you don't own the wallet. Simple. But yeah, everybody has different characteristics. This can be a big lesson for all members here to be more careful. Save the important data and make backup always.

[GreenStox]

You should have told him first when teaching about making a wallet, when I first taught a friend I always reminded that phrases and pk are the most important things of the wallet.
whatever it is he will definitely remember this incident because of 640 $ a lot of money especially if he collected it from the campaign or bounty that he followed.

[joseyphil82]

How long ago did your friend collect his bitcoins? And why did he neglect to keep them safe? Is he just a superficial person or a fool ?

He is a newbie and he have been disturbing me to show him how to buy bitcoin, its just that I'm always busy whenever he come around and yet I told him to chill that I will put him through, he went behind my back to download coinomi wallet and he failed to write out its recovery seed, now that he mistakenly uninstalled the wallet the recovery seed is lost

[joseyphil82]

You should have told him first when teaching about making a wallet, when I first taught a friend I always reminded that phrases and pk are the most important things of the wallet.
whatever it is he will definitely remember this incident because of 640 $ a lot of money especially if he collected it from the campaign or bounty that he followed.

I remember telling him how important private keys and recovery seeds are, if I was the one who helped him opened the wallet I would have forced him to write out the recovery phrase, its not my fault here

[miklesm]

When you come to the world of crypto, you should clearly understand you are 100% responsible on your actions. Private key for you wallet is the best example - pay attention to keep your seed phrase in a safe place if you do not want to loose all your funds.