Own only a small amount of bitcoin? Regardless, DON'T LOSE THEM.

[abuya55]

Both stories sound so weird. Even if you own a really small amount of Bitcoin, why don't you care about keeping them safe. $1 isn't a wealth, but who will ever though away a banknote?

[gabbie2010]

The lesson is, every carelessness will lead to regret at a later date. and those of us as bitcoin users or planning to start owning bitcoin are always doing everything that will be important in the future. always keep your passwords and data as safe as possible.

It is very regretful and painful to loss access to such a huge amount of bitcoin a big lesson for us here to always keep our password safely, I also agreed that cryptos will thrive very well in future going by the present bullish market sentiment thus the future value of a satoshi will likely be huge and massive, we should  hodl and accumulate no matter the amount of bitcoin now its better to save now spend later so the future can be well secured of course early investors in bitcoin will have been earned massive profits now.

[Poker Player]

One thing to keep in mind is that if your bitcoin holdings are important, it is very risky to have them just in one place. I understand that the two cases cited by the OP are from people who acquired their bitcoin long ago, when it was worth much less than now. But if you see that the value increases, it's worth not keeping all your eggs in the same basket.

[bryant.coleman]

This was one mistake that I did very early during my association with Bitcoin. Back in 2012, giveaways were very common in this forum, and I was receiving BTC0.01 or BTC0.02 quite often. But I never took the necessary steps to backup my wallets, and in the end lost a considerable portion of what I earned from airdrops, faucets and giveaways. I don't know the exact amount, but it should be worth at least a few tens of thousands of USD now. 

[Peanutswar]

If you already bought the bitcoin at the smallest price this is good news because its continuously pumping and becomes more profitable, if you bought bitcoin today still there is a chance to pump again because of the recent market price drop of the coin there is a chance goes up again to the price of 40k USD again. Always watch the market because from the previous years there is a chance it will drop it rapidly and unexpectedly still makes your own research and keep aware of the market movement.

[Sword555]

As aways, do you backup in the safe place. Yes, maybe encrypted usb sounds really secure but are you sure that youwill know password in the next 10 years? Maybe its better to just buy separate small usb and store your seed there in the safe place

[cryptoaddictchie]

If bitcoin continue to grow then likely many will get rich. A small amount of bitcoin is can still make everyone rich in the coming years. I believe holding also altcoin will do the trick. There are some potential projects that are following the pump and bull run of bitcoin. If btc increases their chances of flying high is also huge. I had my regrets selling off my btc and not holding it but still have other alts that I think in the future could be my life saver.

[Tristan Bieber]

What I found in all these stories is that people who held Bitcoin in the early days didn't have much confidence in their assets, and I don't blame them. Who would have thought that young projects with a price of less than $1 per coin would continue to reach a high of $42,000, and no one could do it.

[gurunanakji777]

Recently in both cases, both of them Underestimate the Bitcoin value and careless too. I also advise if someone has even a small amount of Bitcoin with him to keep it safe in any condition and do not sell it even in worse conditions because we never know what will be the worth of BTC in the future So be serious do not take Btc in a light way.

[acener]

Both of them doesn't really seems to acknowledge the future of cryptocurrency at their time so they just ignore,forget or abandoned it.
Both of them have early access in crypto but doesn't seems to believe in it's potential to grow so they just leave it behind and now having their regrets.
I could say that it is same for most of us we only value something once we lost it and other see's it's potential.
We should value what we have who knows what it could bring in the future it might be cheap right now but it could turn to be expensive in the future.

[Coinsfera]

Completely true. Whatever investment is made, it should not be underestimated and should always be protected. Maybe some time will come, and you will think that the Bitcoin you have is not worth anything to you. But protect your new investment with caution because it can have millions of value at once. The fundamentals of Bitcoin will manifest more and more as digitalization spreads. We can say that this year has been a lesson for many people on these issues.

[Alucard1]

You are right about that, a lot of people became careless with the bitcoin way back the year when the price of the bitcoin was so cheap, they didn't expect that bitcoin could be like this to the point that it could reach $39000,. Imagine if they keep it until now then for sure they have already a huge amount of money in their wallet. Bitcoin could still go up so better to keep on hodling it.

[galestorm]

I guess he didnt have the patience to wait for bitcoin's price to go up, or rather he didnt believe that bitcoin had the potential to grow in value. It's hard to lose a hardware wallet, it's best if you put it in a safe place. 7200 bitcoins is not a small amount, only if he wasnt that careless, he could've been rich by now. Now here he is, troubling himself and others to find his hardware wallet. The lesson here is, dont give up on your coins, no matter the dips that you're experiencing.

[bitterguy28]

Well There are some who thinks that Satoshi might reach a Dollar each and if that happens meaning we are able to gain  hundred folds from our Faucet income lol.

There are faucet that still gives 10 satoshi per hour , and that would be a great chance to accumulate now.

[BuNga_cute]

I agree that many Bitcoin owners have lost Bitcoin, because they didn't store Bitcoin very well. Because when the price of Bitcoin was still
very cheap, I am sure many people who already have Bitcoin did not expect the price of Bitcoin to be so high as it is today. Therefore we can
become a lesson for all of us, never underestimate no matter how small the Bitcoin we have. We have to keep it well, because the price of
Bitcoin will continue to rise. Maybe the Bitcoin that we have today is not that great, but in the next 5 years our Bitcoin value will be very high.

[Trinx01]

That is so sad and the most regretful in their lives, this rally huge amount of money, too bad to lose it all. I hope they have learned a lesson, no matter how much value you have, still keep it. Do not underestimate things just because of its price, remember that the value of bitcoin that year 2013 is cheap, imagine how millionaire they are now if they did not throw it away.

[uneng]

Well There are some who thinks that Satoshi might reach a Dollar each and if that happens meaning we are able to gain  hundred folds from our Faucet income lol.

There are faucet that still gives 10 satoshi per hour , and that would be a great chance to accumulate now.

I remember 5 or 6 years ago the worse faucets paid 100 satoshis per claim (some without time limit) and there were really good ones paying 1000 or 2000 satoshis per claim every few hours at least. You could easily make 0,001 btc or 0,002 btc daily on those days, what would value right now about 55$ or 110$ dollars daily without any effort!

But to have each satoshi pricing 1$ dollar, bitcoin would need to hit 100,000,000$. It's too much, however it could happen on long long run...

[nightxglow]

Yes that's right, it's too bad for those people to lose that big amount of bitcoin. But well, nothing can be done. As you said, they probably think that it doesn't worth that much, so they won't take care of it safely and carefully, since it's not that worth it anyway. However, things changed. It became so valuable more than anything else, until they willingly pay such a big amount to take that.
Lesson learned, we really should value it now. But well, we can only say this because those kind of things happened already. If not we won't learn by the mistakes.

[ecnalubma]

Definitely nobody wants to disregard their sats now knowing the potential could still grow a 100x in the future who knows? But these stories set an example that never underestimate the value of Bitcoin no matter how many sats you hold, I’m rooting for 1 sats = 1$ thats why I take note every platform on which I had spare sats to easily recover it in the future.

[TedMosby]

since we always see news like this, it means bitcoin total supply will also be affected.
where can we find the stats of some of those lost bitcoins? so we can know how many bitcoins are still "available and accessible" in this world.

I remember when I hired workers to mine raiblocks (now NANO) and use it for tipping because I just want to have fun at that time
a few months after that, boom.. ATH $30  
however, I am very grateful because I've already spent it and I know where it goes. at least it's not locked because I forget where I store it.