Have you lost btc at some point of the time ? What is your story

[protrader786]

Hello,

Nowadays, we all use crypto and make a couple of transactions every other day, be it to deposit our BTC to some exchage, withdraw it from there, send to someone, or for some other service.

It is not new that we make mistakes here and there. The main cause of these mistakes is lack of knowledge. No matter how smart we are, there are always people that will try to trick us into getting us deceived.

To name a few, we are all aware of things like :

• Fake Wallets
• Ponzi Schemes
• Fake Giveaways
• Phishing Attempts to get us deceived
• Being a victim of some hack
• Investments is fake shitcoins and other fake websites

I have many threads today where have lost BTC due to unforced errors, which was mistake on thier part, few for getting deceived and tricked by someone so as to gain access over thier assets.

I know it doesn't feel good to get scammed and the feeling of it sucks. I have seen many people just register and complain about a issue in a single thread and vanish from the forum.

I want to ask all of you guys, have you lost some amount of BTC due to negligence or being a victim of some fraud. Please, let's talk about only BTC and our own experience.

You can speak out your experiences that you would normally not say out loud in the public.

Looking forward to hear some stories, let's be nice to each other and educate each other to become smarter.

To start off, I will write my own story, very long time ago, when I was significantly new to this environment, I had small amount of BTC with me which I sent to wrong address by mistake. Till date it is still on that address. I did scratch my head as to why wallet hadn't recieved it at that time and found that I had just misplaced on word after a lot of research . It was a small amount and since then I have been extra careful even while copy pasting addresses.

Thank you

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[Bttzed03]

I haven't been a victim of any hack or phishing so far but I lost some bitcoins by investing in altcoins back in the day. What happened was, the coin I bought in the exchange got delisted while my sell order was still there  I wasn't able to check in time to withdraw.

I'm also not sure with my Hitbtc and Livecoin accounts. I don't know if they deleted it for whatever reason. I remember I bought coins in there using btc but I can no longer access my exchange accounts. I didn't bother contacting support since the coin's value is really low now. Not worth the effort.

[20kevin20]

I have only temporarily lost my Bitcoins for years. I lost access to my Blockchain wallet without any way of recovery - I had no seed, no backup phrase, nothing. Blockchain's support obviously answered my e-mails by telling me they don't hold my keys, so there was nothing they could do. Turns out I had the initial backup on one of my very old e-mails, and that's how I recovered it. The thing I learned is... not your keys, not your BTC. Expect this unfortunate thing to happen at any point without precaution.

[hatshepsut93]

It happened 2 times, but luckily even in today's prices it was small amounts. First time, I put 0.005 BTC that I claimed from a faucet in early days to some exchange to trade alts and later it pulled an exit scam - this was in 2014. Then in 2016 when I became interested in crypto again I invested 0.01 BTC in a scam ICO. So, what you can learn from it is that a lot of services in crypto ecosystem can be scams, even if at the first glance they look totally legit. Always think twice before depositing your coins, you might never see them again.

[Lordhermes]

Loosing and getting scammed in the crypto game is significant story to tell which makes us  stronger, I don't really think a user escapes all of these and became strong itself. Its just a step for wiser investing and nice picking.
I have lost many sum of btc and altcoin during the time of my beginning, heavily misplaced private key containing $220, I have crazy and felt disappointed, I even fell into ponzi scheme pyramids where I lost huge sum too.
I think I am strong enough to overcome any sort of scam tricks, fake giveaways, fake wallets.

[BIT-BENDER]

I haven't lost BITCOINS in any amount due to scam/Ponzi and so on maybe a few BITCOIN because of trading although this is not frequently.
But I know stories of lost bitcoins.
Made this post some time ago
https://bitcointalk.org/index.php?topic=5272386.msg55093683#msg55093683
It's about losing BITCOIN to traders -you tube fake traders-
I have stories about this, giving BITCOIN to FAKE traders to help trade maybe because the approach/enticed the person, but it was a scam.

[Bitcoin_Arena]

To name a few, we are all aware of things like :

• Fake Wallets
• Ponzi Schemes
• Fake Giveaways
• Phishing Attempts to get us deceived
• Being a victim of some hack
• Investments is fake shitcoins and other fake websites

I have never lost any BTC to any of the listed options above... Maybe because I am extra careful.
I have, however lost about 0.1 BTC when i was just getting started with futures trading mostly. At the beginning i lost some when i was learning spot trading to it was around $100.

[cryptoaddictchie]

It is not new that we make mistakes here and there. The main cause of these mistakes is lack of knowledge. No matter how smart we are, there are always people that will try to trick us into getting us deceived.

When I was still new on crypto. I am vividly looking for a cool sideline online, I cant say I lose bitcoin but I wasted time on some crypto giveaway that isnt for real. There is a post Ive saw last week about that kind of scheme where you need to do captcha and complete a 40 referrals before getting rewards but to know its just a trick ath the end even not completed it. Totally wasted my time at all.

Most of my bitcoin loses came from investment. Before I was too scared to put up money on altcoin trading but Im starting to grasp the way to earn step by step.

[Darker45]

Well, most of us must have our own share of bitter victim stories.

However, I'd like to believe that I am not as careless as other people to have sent BTC to a wrong address or logged in to a phishing site or downloaded and deposited funds to a fake wallet. I was a victim of neither of them.

But I was an unfortunate victim of investment scams, not just once or twice but thrice. Well, I was in a hurry to make money and experience a better life. Little did I know that it was this same desire that would burn my hard-earned money. It's sad, but greed must be one weakness of a man like me.

The same greed was the reason why I've made losses in trading and altcoin investments.

But I've learned my lessons of course, which is the most important point.

[Renampun]

lucky I have never lost my Bitcoin because fraud...
since the beginning, I only used Blockchain.com and Electrum as wallets to store Bitcoin and I have always been careful about opening sites that lead to fraud, my advice, don't be easily tempted by the sweet promises offered by scammers.

[Peanutswar]

Right now I didn't experience having trouble with my bitcoin and another kind of transaction-related on this coin because I made all of the transactions safer and avoid getting into a platform that is not secured and not will direct to my wallet one of the examples is mixers.

But I lose some ripple or xrp because I try to make a deposit into an exchange with the use of other exchange I just want to transfer my funds and the cause is they hold my transaction and brings back the funds again.

[pooya87]

anybody who has ever done any trading on centralized exchanges has already lost money to these exchanges scamming them. you have to be super lucky to have used them and not lost anything ever.
i have lost coins in many exchange scams but always small amounts: c-cex, cryptopia, bter btc-e and yobit are small exchanges that i've lost coins on. and the biggest one was bittrex where they scammed us by mass closing accounts overnight and stealing any balance we had there.

[CryptopreneurBrainboss]

Luckily I haven't lost my bitcoin to any of your listed ways but that doesn't mean I haven't lost bitcoin entirely. Infact any enthusiast currently in the space at one point or another have lost Bitcoin, the most common has to be via trading. Most time we trader make profit in USD per se but actually are losing our sats. Which means it would had been more profitable/idea to just hold our bitcoin and make that profit without risking anything as the moment you send your coin to a exchange (especially centralized ones) you risk getting screwed.


As for the other means that involves clear scam, that I haven't fallen victim doesn't mean I'm immune but with few precautions you can keep your funds safe. Avoid any free money event like airdrop, giveaways etc and you will reduce the success rate of getting scammed by those scammers using that means and if you must participate get the link via an official social media handle or website.

Typically, when you make the security of your funds your number priority, you'll be very vigilant that this cheap scams would hardly take advantage of your ignorance.

[Eureka_07]

I'm one of those victims of fake exchanges. This was advertised on twitter. I saw it that we can buy a coin to that exchange for only 1 satoshi each. And soon we will be able to sell it on an exchange for a way higher price, particularly with a base price of an ICO of 100 satoshis. So, I tried it, just used invested only 25,000 satoshis because I am just trying it and I am afraid of getting scam for investing huge amount of money. So I bought all of  those 25k sats, waited for days, weeks, and monhts... but then one time I saw that the balance was gone because the coin was delisted on that "fake echange". The  coin wasn't even listed on other exchanges.
I used those 25k sats to buy waves, send those waves to the exchange to be able to buy those ICO coin.
That's when I lost my small investment, but this become a lesson.

Coin name : YGold
Where I bought the coins:  waves.exchange
Exchange that they said where Ygold will be listed soon: Yobit.net

[mu_enrico]

Sadly I lost my first bought BTC because of transaction fees, it was more than $10 fee at that moment, and I only bought $20 IIRC
It was the worst day to get introduced to Bitcoin.

Perhaps this scenario should be mentioned on the OP because probably in the peak of bull-run, many newbies lost their first bought BTC because of absurd fees.

[DdmrDdmr]

<…>Investments is fake shitcoins <…>

These don’t fall under the category of the thread’s heading (namely about losing BTC), but you can see these types of investments as a loss of opportunity for having gained Bitcoin. I more or less consider myself sound, and rather prudent where I place my savings. Nevertheless, I did succumb to the ICO hype, and placed some bets on all the wrong places (as if there were many ICOs that weren’t at the time). What didn’t turn out to be a worthless token, turned out to be a quick exit scam.

Regardless of all that you read on each ICO, the aftermaths goes to show that things moved too fast, reviews were shallow in investigation and overly hyped (and likely paid for), and one is certainly not as lectured as one would have thought in scrutinizing the prospects …

[OgNasty]

Let me tell you a story about a boat, an iceberg, and a written private key...

[decodx]

Probably the biggest loss I have personally experienced is on various shitcoins. For a while, I invested in anything and everything without prior analysis.
I know better now... I hope. 

Let me tell you a story about a boat, an iceberg, and a written private key...

Yeah, I've heard that story. LOL

[hd49728]

Invest in cloud mining is bad because most of them are scam cloud mining. Investors will lose BTC to pay for service fee and BTC that they should receive from mining.

▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁

MLM is favorite tool of scammers. MLM – a dangerous marketing strategy and the classic and most famous example is Bitconnect.

[decodx]

Invest in cloud mining is bad because most of them are scam cloud mining. Investors will lose BTC to pay for service fee and BTC that they should receive from mining.

Is cloud mining even a thing today? I can't even imagine a legitimate cloud mining project without it being some kind of ponzi scheme.