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Author Topic: How Bitcoin almost made me rich  (Read 795 times)
Desmong (OP)
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April 18, 2021, 11:16:25 AM
Merited by Zilon (1)
 #1

Based on my little experience in the currency market four years ago, then I was still in the university then trying to make pocket money from little of my trading ideas. You know buying  a particular currency pairs at the bottom while selling at the top with few of my trading strategies like the Bollinger bands, RSI and and the moving averages.

I decided to invest in Bitcoin with the help of my new friends who are into Bitcoin trading and investments. Although at that time I didn't have substantial knowledge on how bitcoin works so, I decided to invest all my hard earn money to the extent I sold my most precious treasure which is my classical Guitar that I always use for my musical classes. Then my dream was to keep my Bitcoin for at least 1 years for it to appreciate more before selling it so I could be as rich compared to my local government chair lol. My dream!

I was working then so I decided to apply for mini jobs so as to get extra money to buy more bitcoins cause I wasn't getting enough from my currency trading. I was able to acquire 2.25 Bitcoin worth $18,000. As at 2017 one bitcoin worth about $8,000. Then the only popular crypto wallet in my region was Blockchain, so i was using it to store my Bitcoin. After a while I venture into Bitcoin investments. Never new they're all Ponzi scheme...I lost half of my Bitcoin to Ponzi scheme cos I was a novice to the cryto world.

I almost go mad when I realized that my dream of become a big boy is almost shattered. I was pain in which I couldn't think straight losing more than $9,000 worth of bitcoin. I lost focus, I couldn't continue my musical training cause my classical guitar, my enthusiasm is almost gone. I decided to dump everything about crypto currency giving it a break. I also deleted my Blockchain wallet from my phone.

Last year during the early stage of convid 19, I could remember that I had bitcoin somewhere so, I went in search of it. I reinstalled my Blockchain wallet but I couldn't logged in cos it's was asking me of my private keys. I've searched every corners, books, dairies but still couldn't find my private keys.
At least I should have not less than 1.1 bitcoin in my wallet which could worth more than $70,000. Converting this money to my country currency makes me a millionaire.

This is how my dream of becoming a millionaire was shattered by my ignorance...pls is their a narrow escape to my misfutune?






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April 18, 2021, 12:19:31 PM
 #2

Looks like this is your own fault.
1. You are still new but have dared to invest that eventually lead to losses.
2. If you install a blockchain wallet you should store the key in several alternatives.

Many people have regretted their mistakes but repeated them. I hope you can learn from this mistake. Never trust any investment if the manager is not you. Keep your wallet keys properly, make 1-3 storage alternatives. Currently there is no need to regret it, you can still try to find it (BTC) to set aside a small portion of your salary, because I believe BTC is the future of digital money that will be accepted by many countries of the world.

R


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SquirrelJulietGarden
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April 18, 2021, 12:37:36 PM
 #3

I was able to acquire 2.25 Bitcoin worth $18,000. As at 2017 one bitcoin worth about $8,000. Then the only popular crypto wallet in my region was Blockchain, so i was using it to store my Bitcoin
You created the wallet in 2017 if I got your information correctly.

Do you still have access to the email you used to create that wallet on blockchain.info (now is Blockchain.com)?

If you still have access to that email, you can ask for the wallet ID.
But the wallet ID is not enough, after you get it, you still need your wallet password.

Do you still remember your wallet password?
If you don't have it, the only hope is wallet seeds.

If you don't have anything, I am sorry you lost that wallet.

Quote
I reinstalled my Blockchain wallet but I couldn't logged in cos it's was asking me of my private keys. I've searched every corners, books, dairies but still couldn't find my private keys.
See my guide and some articles from Blockchain.com.

I lost my wallet identifier. How can I log in?
I forgot my password. What can you do to help?
Forgot password

You can try to brute force your wallet with wallet ID, email in order to request json file of your wallet.
Brute-force your online blockchain.info wallet with btcrecover

Service: https://walletrecoveryservices.com/

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April 18, 2021, 05:52:53 PM
 #4

Then my dream was to keep my Bitcoin for at least 1 years for it to appreciate more before selling it so I could be as rich compared to my local government chair lol. My dream!
Chairmo, I hail thee!

Converting this money to my country currency makes me a millionaire.
That would be Naija, right?


On a more serious note, I hope you recover your Bitcoin by following the suggestions of SquirrelJulietGarden. The email thing should give you a good lead in that regard. However, I hope others learn a thing or two from your sad story not to delete wallet app without copying out vital data, no matter how angry one is. On the flip side, I believe you must've acquired the set skills for trading now.

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April 18, 2021, 07:10:55 PM
 #5

At first honestly i don't know about ponzi and HYIP too, only know online mining but then i learn that is bad site (for me) and then never use it again. About blockchain, maybe if OP can remember his password or i mean when we create blokchain wallet at first we not get private key right, only ID which is  in email and password that we save by ourself. Maybe if OP can remember about that 2 his coin can be reclaimed.

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April 18, 2021, 09:28:40 PM
 #6

Now, what you're describing is very common. People just don't store their private keys so privately and with outmost care as required.

You seem to have got carried away and misplaced your private key. Perhaps one day you will come across it, if not, then that's the bitter world where you

suffer the consequences of not storing your 'password' essentially to your own wallet. Let it be a well, and hard felt lesson.

I hope you come across the sheet one way.
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April 18, 2021, 09:31:20 PM
 #7

Sorry about that but you didn't keep the recovery phrases that's been given to you by blockchain.info (.com today) which is the most vital part of making a wallet.
You shouldn't also be triggered quickly in emotion with things that happen with your surroundings and just dump everything that you've planned before. It's not too late for you to start again.

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April 18, 2021, 10:07:19 PM
 #8

As I can see with your experience, it ended up that the thing was your fault dude, you became too confident by that time. Perhaps, by that time you don't even to keep your most precious thing in which is the private key, surely, you blame yourself. Its very pity actually. Well, at least you became rich in dream 70k$ was a very large amount of money here in my country actually. But don't worry you can still continue what you had started with, good luck.😃

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April 18, 2021, 11:01:17 PM
 #9

That's a really sad story, @Desmong. Regardless of how bad it might feel, I'll implore you to dust yourself up and get back to the drawing board and resume working to achieve your goal of being a "Big boy" in your country/community because it's never too late to get back what you lost. There's still plenty of opportunities that would've gotten you back what you lost already, you just haven't taken them. Nonetheless, there would be even more opportunities in the near future. I have similar regrets as you but I'm determined to get back to winning ways. As far as there's life, then you can get back what you lost. Just work towards it.

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April 18, 2021, 11:10:09 PM
 #10

That's a really sad story, @Desmong. Regardless of how bad it might feel, I'll implore you to dust yourself up and get back to the drawing board and resume working to achieve your goal of being a "Big boy" in your country/community because it's never too late to get back what you lost. There's still plenty of opportunities that would've gotten you back what you lost already, you just haven't taken them. Nonetheless, there would be even more opportunities in the near future. I have similar regrets as you but I'm determined to get back to winning ways. As far as there's life, then you can get back what you lost. Just work towards it.

and no more regrets for what you should have done. this will make your head hurts looking back and see your shortcomings. what you need to do is look forward and plan things for your future. because what's in the past is already in the past and you can't do anything anymore with your past. but you can still change your future by what you are doing today.
now, that youve experienced carelessness in terms of handling your coins, you already know what to do next time around. even if we say, right now, it is not that worth much. but who knows, someday some of your coins will be valuable?

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April 19, 2021, 04:17:15 AM
 #11

This is usually your own fault so it is better to give the information to someone close to you in order to keep your capital in the right way so that he can protect your bitcoin in your absence you need to change your perspective and move forward with the plan before doing so in the future. You have to correct your mistakes and the market needs to be well researched before investing in currencies there are many ways to correct a mistake in crypto, it is possible to fix the error if you have the right idea.
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April 19, 2021, 04:42:35 AM
 #12

That's a really sad story, @Desmong. Regardless of how bad it might feel, I'll implore you to dust yourself up and get back to the drawing board and resume working to achieve your goal of being a "Big boy" in your country/community because it's never too late to get back what you lost. There's still plenty of opportunities that would've gotten you back what you lost already, you just haven't taken them. Nonetheless, there would be even more opportunities in the near future. I have similar regrets as you but I'm determined to get back to winning ways. As far as there's life, then you can get back what you lost. Just work towards it.

and no more regrets for what you should have done. this will make your head hurts looking back and see your shortcomings. what you need to do is look forward and plan things for your future. because what's in the past is already in the past and you can't do anything anymore with your past. but you can still change your future by what you are doing today.
now, that youve experienced carelessness in terms of handling your coins, you already know what to do next time around. even if we say, right now, it is not that worth much. but who knows, someday some of your coins will be valuable?

OP isnt the only one who had really these kind of regrets on where they do miss out on becoming wealthy because of some unexpected circumstances in life.There are really
situations which cant really be avoided and if we do let our emotions and mindset to be affected with other factors that would really be the reason on missing out those golden opportunities.

When we do look that bitcoin does have potential then better stick to it and hodl no matter what.You wouldnt know on what comes next.

Me too does have lots of missed opportunities specially on altcoin where i can say that i might already be financially free if i do have the chance on cashouting those funds.
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April 19, 2021, 05:00:48 AM
 #13

This is miserable because by that mistake you already lose a lot of money that's why at the early stage we are trying to say that always store your private keys this is the one you need to access your wallet but its already late it took a year and its hard to remember that I think right now this is the most regrets on your life if you have any chance to remember anything keep on trying because we are talking about a large value of money so its good to take a try for this. This kind of problem will give you a lot of lessons so be careful about your next investment and storing a proper way of seeds.

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April 19, 2021, 05:07:42 AM
 #14

you could have bought a classical guitar for less than $1000. there are good brands out there thats good as you have sold just so you can continue your music training. nothing prepares you from going into ponzi unless you really research well and asks the users and googling them to learn whether worth investing into. one rule that always works is that if it's too good to be true then it's not a good investment.

That's a really sad story, @Desmong. Regardless of how bad it might feel, I'll implore you to dust yourself up and get back to the drawing board and resume working to achieve your goal of being a "Big boy" in your country/community because it's never too late to get back what you lost. There's still plenty of opportunities that would've gotten you back what you lost already, you just haven't taken them. Nonetheless, there would be even more opportunities in the near future. I have similar regrets as you but I'm determined to get back to winning ways. As far as there's life, then you can get back what you lost. Just work towards it.

and no more regrets for what you should have done. this will make your head hurts looking back and see your shortcomings. what you need to do is look forward and plan things for your future. because what's in the past is already in the past and you can't do anything anymore with your past. but you can still change your future by what you are doing today.
now, that youve experienced carelessness in terms of handling your coins, you already know what to do next time around. even if we say, right now, it is not that worth much. but who knows, someday some of your coins will be valuable?

OP isnt the only one who had really these kind of regrets on where they do miss out on becoming wealthy because of some unexpected circumstances in life.There are really
situations which cant really be avoided and if we do let our emotions and mindset to be affected with other factors that would really be the reason on missing out those golden opportunities.

When we do look that bitcoin does have potential then better stick to it and hodl no matter what.You wouldnt know on what comes next.

Me too does have lots of missed opportunities specially on altcoin where i can say that i might already be financially free if i do have the chance on cashouting those funds.

we all have that opportunity last 2017 and i hope this time we wouldn't be repeating this mistake again as we have learned a lot with it. one lesson that i have learned pretty well that is better than investing lesson is that trusting someone with my money is not good.









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"I could either watch it
happen or be a part of it"
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April 19, 2021, 05:45:31 AM
 #15

Not your coin, not your keys. So does a popular poem on the forum goes. Been an investor requires lot of risk and determination. Although as a novice to the crypto industr loosing your coin to ponzi happens to be part of the experience but misplacing your key out of anger and frustration wasn't the best approach.

If you value a thing you guide it with wisdom. I believe you were told to write out your private key while creating your wallet but you ignored the process. All the same as an investor you shouldn't just give up.

Learn the lesson and forge ahead. More beautiful opportunities still awaits you in the crypto industry. Study invest and earn massively. I wish you luck this time
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April 19, 2021, 07:47:47 AM
 #16

I decided to dump everything about crypto currency giving it a break. I also deleted my Blockchain wallet from my phone.
Last year during the early stage of convid 19, I could remember that I had bitcoin somewhere so, I went in search of it. I reinstalled my Blockchain wallet but I couldn't logged in cos it's was asking me of my private keys. I've searched every corners, books, dairies but still couldn't find my private keys.
At least I should have not less than 1.1 bitcoin in my wallet which could worth more than $70,000. Converting this money to my country currency makes me a millionaire.

OP I believe the answers to your questions have been provided by
SquirrelJulietGarden and other forum memebers. But you have failed to give us a report on what you have done so far. How do we know how help you if you don't give feedback? If the problem has been solved, let us know and lock the thread.
Not your coin, not your keys. So does a popular poem on the forum goes.
Its actually "not your keys, not your coin" lol. OP now understands this better than anyone. I wonder if OP was still communicating with his crypto buddies when he dumped crypto

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April 19, 2021, 08:09:29 AM
 #17

I decided to dump everything about crypto currency giving it a break. I also deleted my Blockchain wallet from my phone.

So you've simply thrown away 9000$ worth of Bitcoin just because you were angry.
No, I don't buy that. Nice story, but no.
I like fiction, I like drama, but no. If you were at least selling those, then it would have been making sense, but as it is now, no.

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April 19, 2021, 08:59:06 AM
 #18

OP I feel you. I also lost my wallet recently when my phone hangs up and I clicked anywhere only then I learned it made my metamask wallet reset. Though most of the coins there have no values yet, it's still painful to imagine the efforts I made to join in every promising airdrop. (This should not be my story though, lol).
Anyways, in your case, I think there's nothing we can do on that than move on. We have no one to blame but ourselves. But what's the point of blaming when it won't help us retrieve our wallets.
Let's just bear in mind that our actions, our consequences, not just in crypto but in real life.

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April 19, 2021, 10:59:52 AM
 #19

You have learned your lesson,,, which itself is an investment well worth. You will never again put money into a ponzi, bitcoin or otherwise,,, so count your blessings. You have only lost a few years.

Less than 1% of the world owns crypto. You are still an early adopter if you start today. Think about it this way and never look back with regret:)

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.....I AM BLACKJACK.FUN.....
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April 19, 2021, 12:01:46 PM
 #20

You're still so lucky OP that you owned bitcoin despite of lack of knowledge about it. What happened to you is a lesson you should learn so that next you will more careful and try to learn and do some research first before investing. Honestly I also joined some ponzi scheme before because all I want is to earn big but I'm wrong.

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