Have you ever lost access to your Bitcoins?

[CryptoHuff]

I have lost a little amount of bitcoin before,

It is when I just got started knowing bitcoin, I invested some bitcoin and put it on a wallet which I didn't take care of. That time, the value of bitcoin is below a thousand dollars, I just stored it and even forgot about it. When bitcoin started to increase its price, I tried to look for it but unfortunately, I cannot find or retrieve it ever since.

That was very common years ago when the price of bitcoin was low, people bought bitcoin and they did not thought much about it and they forgot about their coins but some time later they realized the price of bitcoin had gone up dramatically and they wanted to get those coins back but since they did not took enough precautions to recover those coins they lost access to them, however I believe such scenario is going to become less common as the value and the potential of bitcoin as a currency becomes more widespread to the general public.

True that, when things become worth more people consider taking more care of them as well.

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[bearexin]

What is your story of not being able to access your Bitcoin wallet with Bitcoins in them.

What have you tried to retrieve them?

This has only happened to me once, and that’s when I was still new to all these. Okay the problem was that I was making use of a wallet, and that’s the Blockchain wallet, one thing I never knew was that for you to access your wallet you need your wallet ID.

I have been using this wallet in my android then and I never had computer, so one day I formatted the phone and wasn’t able to gain back access to the wallet. There was about $20 in the wallet which I wasn’t able to get back since I made up my mind to create a new wallet. But as time goes on I was able to find a way to get the Wallet ID’s that are associated with my old email and recovered it later.

[kayvie]

Yes, it happened when I started knowing bitcoin and decided to invest a little money.
I used a mobile wallet and saved the screenshot of my private key to my phone storage, I am always using my mobile phone everywhere I am, even in public transport and then my phone suddenly got broken. I wasn't able to have a copy of every important file on that phone including my private key to open my wallet.

[denzkilim]

That was very common years ago when the price of bitcoin was low, people bought bitcoin and they did not thought much about it and they forgot about their coins but some time later they realized the price of bitcoin had gone up dramatically and they wanted to get those coins back but since they did not took enough precautions to recover those coins they lost access to them, however I believe such scenario is going to become less common as the value and the potential of bitcoin as a currency becomes more widespread to the general public.

It's still common for me actually to be honest;) I used to have so many accounts on different faucets and casinos, and I would even deposit in almost every place to gamble, and then many of them would have balances too small to do anything at all (too small for min withdrawal) so I end up forgetting about them. Probably if I lumped everything together especially after price boom I would have over hundreds of dollars.

Looks like many people here have that kind of fortune with their Bitcoins and way back seven to eight years ago no one knows that the price of Bitcoin will explode in the future. Lucky for those people who kept their Bitcoins and still remember everything about it they will surely be enjoying the profits that they get from it.

[Vishnu.Reang]

Some of my friends were among the early adopters. A few of them got their first coins in 2012. And back then the prices were really low, and most of the users were being careless with their coins. A lot of them lost their holdings by storing them in exchange wallets, or in online wallets where 2FA was not enabled. Even I made the same mistake, when I started collecting coins in 2017. But have to say at this point that I was more lucky when compared to the other users in retrieving lost coins.

[SUMBI99]

Never lost any of my Bitcoin, Just hearing to some people say that which I think they are not careful when starting use wallet/s

[scuj_cero]

Never lost access to any of my cryptocurrencies, not only Bitcoin. I want to bring up the thread of retrieving crypto scammers which are oftenly '
'hunting' for people who have lost access to their wallets - usually it's a scam, watch out for such people.

[South Park]

That was very common years ago when the price of bitcoin was low, people bought bitcoin and they did not thought much about it and they forgot about their coins but some time later they realized the price of bitcoin had gone up dramatically and they wanted to get those coins back but since they did not took enough precautions to recover those coins they lost access to them, however I believe such scenario is going to become less common as the value and the potential of bitcoin as a currency becomes more widespread to the general public.

It's still common for me actually to be honest;) I used to have so many accounts on different faucets and casinos, and I would even deposit in almost every place to gamble, and then many of them would have balances too small to do anything at all (too small for min withdrawal) so I end up forgetting about them. Probably if I lumped everything together especially after price boom I would have over hundreds of dollars.

That is too bad but it is understandable, there are many people that have some really small amounts of bitcoin in their different accounts and they cannot do anything with it because of they do not reach the minimum amount to qualify for a withdrawal, and despite the growth in the price of bitcoin it stands to reason the fees we have to pay to the miners will go up in the future as the halving diminishes their reward so the chances that you have of getting that money back are very close to zero.

[CmVill]

No, it didn' happen to me but I am very careful where I leave my data saved out of precaution, especially because of the stories of other users. It must be complicated and very frustrating to go through that.

[Onuohakk]

There are experience in life you can't forget so easily, no matter how hard you try. Bitcoin is one of them. It all happened when I formatted my phone due to virus, at that process I lost my bitcoin and some other tokens. It all happened then cos am a newbie, I forget to write out my private keys. That's the worst mistake ever, and I pray someone shouldn't encounter such cos it's heartbreaking

[ritu_bd]

My story hurts me a lot, I came to this Bitcoin world through two older brothers, they gave me ideas about various altcoin, including Bitcoin, and told me about the history of Bitcoin, after that I had some good quality altacoin as well as their words of 2017. Some Btc's put on my Coinbase and Myether wallet, when Bitcoin gets a lot of pumps in 2017, all my Token's value goes to 85000+ USd, but I didn't know then that all these coins were on different Exchangers. How to take it, and how to sell it, then I told one of the older brothers, his name was - Dip Isfaq, After telling him he wanted my Privet key, I then gave him my Privet key, then he had my wallet. Since all the coins were taken away, I have no contact with them since then I do not know where they have gone. I get him active on Facebook, I do sms but he doesn't see my sms. And could not do anything legally because Bitcoin transactions are forbidden in our country. This is the story of my life, yet I could not turn around and adjust my life.

[KrisAlex18]

Luckily, I haven't experienced that thing so far. I am really afraid of losing any amount of money, so whenever I had transactions before I always do double checking so I can assure myself that I input the right cryto wallet. Copy pasting is not enough when doing some transactions because there are instances that it would be different text when you do copy pasting. I have read one of the post in this forum about "sent BTC to wrong BTC wallet" because of not being careful on the things he have done online.

I do have an old bitcoin hard wallet before with a balance of around $100, unfortunately I lost my back-up and the money was gone. Thats was my mistake because I didn’t create a lot of back-up so I have to buy another hard wallet. If you have a bitcoin on your wallet, better to secure it and create more back-up so the money you work hard for would not be wasted.

That is one of the factor why I don't want to use hardware wallet because once you have lost your wallet, then you would also lost your money. For all the people who always forget things so easily, hardware wallet is not advisable to all of you.

[NavI_027]

I experienced it once and I don't want it to happen again, that was around first quarter of 2018 I think hmm (I can't totally recall). I am just living my normal life that time; I did my usual business that such as posting here, reading bitcoin news and browsing my social media. Then I decided to visit my wallet app to look at the price chart but I'm shocked because my account was logged out. I don't know how did it happen in the first place because I never log it out before and I am not clearing the data of its app neither. So I panicked so much, perpspire a lot also and feel that my world slowly crumble into pieces.

Fortunately, I was able to trace back the gmail I used for it and do a "trial & error" on my password. Fortunately, I recovered it and from now on I decided to wrote it on a piece of paper including all of my important credentials . That's the safest way I think since memorizing it alone is not guaranteed. My brain was filled up with tons of math formulas already, it gives me now a hard time to remember those little things all the time lol .

[yazher]

What is your story of not being able to access your Bitcoin wallet with Bitcoins in them.

What have you tried to retrieve them?

I was a victim of a runaway scam that leads to losing access to my bitcoin. it was a promising investment method known as cloud mining and everyone seems to talk about it at that time and I also started to joined them. I was a newbie at that time and wanted to earn as fast as I can little do I know that the site is about to become unreachable in a few weeks. I got my first payment but after that, I never saw the site works again after 5 years.

[Yatsan]

What is your story of not being able to access your Bitcoin wallet with Bitcoins in them.

What have you tried to retrieve them?

I was a victim of a runaway scam that leads to losing access to my bitcoin. it was a promising investment method known as cloud mining and everyone seems to talk about it at that time and I also started to joined them. I was a newbie at that time and wanted to earn as fast as I can little do I know that the site is about to become unreachable in a few weeks. I got my first payment but after that, I never saw the site works again after 5 years.

There are lots of cloud mining that I've used in the past, but honestly none of them works that efficiently, I guess my expenses costs more than what I get with cloud mining. Scams are widespread until now and then, I admit I became one of those gullible person since every one started as a beginner that wants a instant money lol, gladly most of the mistakes that we have done made us smarter with our moves and become our lesson. I've lost some of my access with my bitcoin but it does not worth that much for me to work to recover it because I think it is nearly impossible to do it.

[Kahan848]

Haven't ever lost any of my assets, but I'd rather choose to lose my keys by my own mistake than due to some exchange hack. Own your keyes and do it responcibly, that's the way

[aakashsangwan]

What is your story of not being able to access your Bitcoin wallet with Bitcoins in them.

What have you tried to retrieve them?

I can't say that I have lost access to my bitcoins in past. But this happened with my waves wallet with more than $1k inside it in 2017 and I wasn't able to find the private keys or the backup seed of that wallet. I had to install new operating system in my computer so I did a clean install thinking my wallet was backed up, but in reality it wasn't. So please Everytime you should double check that you have saved your private keys in a safe place.

[Emitdama]

What is your story of not being able to access your Bitcoin wallet with Bitcoins in them.

What have you tried to retrieve them?

I have never lost access to my Bitcoins, and I guess that’s because I did proper research before I started making use of Bitcoin and other cryptocurrencies.

The first wallet I used required that I back up my wallets, same thing with other wallets I made use of then – the BitPay wallet and Blockchain, and I still use these two alongside other wallets. I started using it on my phone and there was a time I had to factory-reset my phone, and after that I was still able to load my wallets using the backup phrase. So I have never had such issues. That’s why it’s very important that anything you want to get involved in, you do proper research on it.

[ancafe]

if you're a long time player, then things like this have happened a lot in the past. whether it's because of losing the private key, or even the effect of the hack. honestly, I was once unable to access my bitcoin because it was stolen directly from my wallet. whether it's due to a phishing site or not, I'm quite upset to see that happening.

[online73]

Hello everybody. In my country they say - live a century, learn a century. Of course, I was losing access to my bitcoins. I was very lucky that there was not a large amount on my wallet, so it didn’t excite me very much, but, it was a very good lesson. Now I’m much more prudent - it’s advisable to keep the private key in a very safe place. And of course, like in many cases here, it was almost at the very beginning when I got acquainted with the cryptocurrency industry. Now I am more sophisticated.