Bananington
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March 07, 2023, 06:12:54 PM |
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If someone loses their Bitcoin by losing access to their wallet or private keys, those Bitcoin are not credited to the number of Bitcoin mined. It is possible to trace transactions on the Bitcoin blockchain, but if someone loses access to their wallet or private keys, it is unlikely that the lost Bitcoin can be recovered.
After the loss of your bitcoins in a wallet, it is normal that you begin to feel desperate and will want to still find out ways for you to recover these bitcoins. It is not possible just as you have been told here already, and you should be careful too with how desperate you become so your desperation is not taken advantage of and you get scammed in the process of trying to recover what is already lost by individuals who can disguise as professionals who handle bitcoin lost in wallet related cases and demand a fee for their services.
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| | | . Duelbits | | | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄▄▄ | TRY OUR
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Merit.s
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March 07, 2023, 06:34:52 PM |
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The reason for this question is that I just wanted to know if after losing one's bitcoin, will it be accredited to the number of Bitcoin mine even if the wallet can never be recovered.
Point of correction, you cannot lose your bitcoin because it remains safe in your noncustodial wallet, which can't easily be hacked. You can only lose access to your bitcoin, when you have lost your private keys or phrase seed which should be kept safe and properly backed up. You can lose your bitcoin if you keep it in an exchange i.e a custodial wallet,who controls your keys for you or send it mistakenly to a wrong address. You can only trace the tx I.d which your bitcoin was transferred to if it was hacked but you can't identify the thief because bitcoin remains anonymous.
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albon
Legendary
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March 07, 2023, 07:58:25 PM |
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The reason for this question is that I just wanted to know if after losing one's bitcoin, will it be accredited to the number of Bitcoin mine even if the wallet can never be recovered
If Yes then can't the wallet be trace back Afterall it is possible to see the number of Bitcoin own by an unknown individual through bitcoin Blockchain and with the years of dormancy of the address its possible to know if the wallet address might be lost and if the address as been long (like 2010, 2011 or 2012) such address could easily be hacked because it likely an Hot wallet and security was not that strait
If a person loses the private key or recovery phrases, the password, and all security methods, he can't be able to recover his wallet that contains bitcoins, and these bitcoins will be present in the address of this wallet forever without anyone being able to control them, so the most critical point in owning bitcoins It is to be able to save the methods of recovering your wallet after years have passed on it and store that information in safe places that you can access later. I have friends who lost millions of dollars in bitcoins after losing the security information of their wallets. They have already regretted that they underestimated keeping this important information in Hardware or USB Flash Drive drive or in a paper note, etc. It is worth noting that no one can recover or hack someone's wallet after that person has lost the ways to recover the wallet.
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jrrsparkles
Sr. Member
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Eloncoin.org - Mars, here we come!
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March 07, 2023, 08:04:47 PM |
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The reason for this question is that I just wanted to know if after losing one's bitcoin, will it be accredited to the number of Bitcoin mine even if the wallet can never be recovered
If Yes then can't the wallet be trace back Afterall it is possible to see the number of Bitcoin own by an unknown individual through bitcoin Blockchain and with the years of dormancy of the address its possible to know if the wallet address might be lost and if the address as been long (like 2010, 2011 or 2012) such address could easily be hacked because it likely an Hot wallet and security was not that strait
Bitcoin will not vanish, its always there and wallet is like accessing gate to your bitcoin so if you lost the keys and you can't open the door which means what's inside there will remain there until someone find the keys. Everything on Bitcoin blockchain is transparent and can't be erased no matter what so with the wallet address anyone can see the complete transaction history of the address.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Wiwo
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March 07, 2023, 08:13:00 PM |
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If you lost access to the wallet it means you lost the coins on the wallet forever, only the private keys /seed phrase give you access and ownership of the wallet.
-There are a lot of lost coins resulting from the inability to access the wallet, and every lost coin is regarded as a gift for the remaining bitcoin circulating supply and Bitcoin more scarce.
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taufik123
Legendary
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Rollbit.com | Crypto Futures
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March 07, 2023, 08:28:05 PM |
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Can be easily hacked? do you believe it? the security of Hot Wallet or something like that will definitely improve, no matter if it's a 2011 wallet or even an older wallet. It will not affect the security of the wallet.
What is the main key is the Seed phrase, when you can have it then you can open the wallet, but if you only imagine that you will hack a wallet with a large number of bitcoins and never move, it is just a fantasy that will not happen.
No one will be able to recover their Bitcoins when the Seed Pharse is lost and has no backup, it will just be a wallet that won't move anymore. But if you have a broken device such as a Hardware Wallet and it is physically damaged and lost, but you have a backup of the Seed Phrase, it is still possible to restore it.
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South Park
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March 07, 2023, 08:32:07 PM |
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The reason for this question is that I just wanted to know if after losing one's bitcoin, will it be accredited to the number of Bitcoin mine even if the wallet can never be recovered
If Yes then can't the wallet be trace back Afterall it is possible to see the number of Bitcoin own by an unknown individual through bitcoin Blockchain and with the years of dormancy of the address its possible to know if the wallet address might be lost and if the address as been long (like 2010, 2011 or 2012) such address could easily be hacked because it likely an Hot wallet and security was not that strait
The only one that can move the coins out of an address is whoever has access to the private keys of that address, if for some reason you lost them then those coins are lost unless you recover those keys, in addition you are completely mistaken about this idea that just because some coins have not moved for a long time they are somehow lost, also coins not moving that long do not imply they are in a hot wallet, in fact it implies the opposite, as the people that adopted bitcoin back then were more technical savvy than the average user of today.
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Fara Chan
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March 07, 2023, 08:37:44 PM |
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Impossible, except for the wallet you said you had already transferred, and what makes you a little safer is that you didn't send it to the wrong address, in the sense that you transferred it to another wallet, maybe when you send to the wrong address this can be sure you have lost your assets completely, maybe the way is only to find the position and who owns the wallet, I don't think this is an easy job, it can be said that it is very difficult.
Maybe we can track it down just by knowing the amount that is there and listed in the search, but finding the identity of the owner of course we can't, or you can be sure that you will lose all of the amount you transferred.
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Unknown Op
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March 07, 2023, 08:54:13 PM |
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The reason for this question is that I just wanted to know if after losing one's bitcoin, will it be accredited to the number of Bitcoin mine even if the wallet can never be recovered
If Yes then can't the wallet be trace back Afterall it is possible to see the number of Bitcoin own by an unknown individual through bitcoin Blockchain and with the years of dormancy of the address its possible to know if the wallet address might be lost and if the address as been long (like 2010, 2011 or 2012) such address could easily be hacked because it likely an Hot wallet and security was not that strait
If your bitcoin wallet is lost then you can be restored by your private keys and this private keys are associated with your wallet but if yuo also lost private keys then there is no chance to recovered your wallet back because the bitcoin network operates on a decentralized and fixed ledger, its means that once a transaction is recorded on the blockchain, it cannot be changed or reversed. The private keys are kind of passwords that give access to the bitcoins in a wallet and without private keys the bitcoins cannot be moved. If the private keys are lost there is no way to access the bitcoins in the wallet and they will be permanently locked. This is why it is crucial to exercise great caution.
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lalabotax
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BK8 - Most Trusted Gambling Platform
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March 07, 2023, 09:59:11 PM |
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The reason for this question is that I just wanted to know if after losing one's bitcoin, will it be accredited to the number of Bitcoin mine even if the wallet can never be recovered
If we have lost the Bitcoin from our wallet, it means it is hacked or thieved by certain people. It is very difficult take it back and it is cannot be done. Or if we lost the private key to access the wallet or whatever important data to access the wallet, it also means that we will lose the Bitcoin on the wallet. No keys, not your assets. That is how one of the risks of Bitcoin or crypto investment. that is why it is always stated to be more careful n Bitcoin or cryptocurrency investment from any malware, scammers, hackers, and also losing private key data.
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Mahanton
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March 07, 2023, 10:06:23 PM |
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The reason for this question is that I just wanted to know if after losing one's bitcoin, will it be accredited to the number of Bitcoin mine even if the wallet can never be recovered
If Yes then can't the wallet be trace back Afterall it is possible to see the number of Bitcoin own by an unknown individual through bitcoin Blockchain and with the years of dormancy of the address its possible to know if the wallet address might be lost and if the address as been long (like 2010, 2011 or 2012) such address could easily be hacked because it likely an Hot wallet and security was not that strait
Lost coins due to forgotten privatekeys or the owner of such wallet didnt remember or had forgotten about it then it would be considered to be lost forever and this is why that we cant really be having that full 21M coins in circulation considering that there are lots coins on the entire supply which means the lesser the coins in circulation the more valuable it is but of course it would really be depending on its demand.Just like the rest been saying that when it comes to recovery, if its sitting on a custodial wallet then it could be possible but if its a decentralized wallet then its 101% guaranteed that there's no way on getting it back.
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MoonOfLife
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March 08, 2023, 03:21:09 PM |
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If someone loses their Bitcoin by losing access to their wallet or private keys, those Bitcoin are not credited to the number of Bitcoin mined. It is possible to trace transactions on the Bitcoin blockchain, but if someone loses access to their wallet or private keys, it is unlikely that the lost Bitcoin can be recovered.
After the loss of your bitcoins in a wallet, it is normal that you begin to feel desperate and will want to still find out ways for you to recover these bitcoins. It is not possible just as you have been told here already, and you should be careful too with how desperate you become so your desperation is not taken advantage of and you get scammed in the process of trying to recover what is already lost by individuals who can disguise as professionals who handle bitcoin lost in wallet related cases and demand a fee for their services. Yes, there is no way to get our bitcoins back if we lose the private key or seed phrase. That is one of the advantages of bitcoin as well as its disadvantages. No one can touch your bitcoins while you hold your keys, but if you are careless you will also bury your own bitcoins with no way of getting it back.
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