Education is the key but knowledge is padlock

[Godlovesyou]

I really wants to share this story, 2017 was the first time I heard of cryptocurrency. The person who introduced me to it completed Sappho my knowledge over education. He wants me to learn about bitcoin but at same time he wants to use me to accomplished his purpose. At first he told me to get wallet is $200 which I gave to create a wallet address, this money is not part of my investment you get, and when he finally show me my wallet, he said he's the bitcoin wallet moderator so he will be incharge of the password and keys as a novice I had no choice than to followed up gradually.

Now I invest $2000 dollars for a start and anytime I open it my money was increasing because those was booming season for BTC but after few days I will discovered that my money is not same amount but rather it has reduced than, this keep occurring at same time, I was receiving hash transactions to God knows where.

One day I was led to open google and verify what's all about bitcoin and altcoin, that's I begins to realized password and keys are personal stuffs no matter who opens the account for you, I loss a $1100 to my friend wallet who happened to have been fooling me all this while. He eventually ran away from my range when I discovered what he was doing.

Lesson: No matter who taught you in schools research is the best knowledge. Education is me telling you something but knowledge is you observing by yourself.

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[mendace]

So your friend opened a wallet for you and therefore knew about your private keys?  My question now is: would you trust yourself to share your bank account passwords with some friends?  Obviously not.  Bitcoin is even better than a bank account because no trader can ever associate your name with the account let alone know your passwords.

[Justtoons]

You should be mindful of the friends you keep. Not everyone should be trusted. How could you have not known about this on time like from the start it was a scam.Private keys from it's name should be known by you and for you only. If you hadn't known ontime, maybe he could have made you invest more funds to your wallet and then take them out little by little. So have you changed the wallet or do you use that same wallet till date? cause last I recall, you can't change your private key. You just have to get a new wallet. What wallet did he open for you?

[Casdinyard]

So your friend opened a wallet for you and therefore knew about your private keys?  My question now is: would you trust yourself to share your bank account passwords with some friends?  Obviously not.  Bitcoin is even better than a bank account because no trader can ever associate your name with the account let alone know your passwords.

Exactly, but then this guy's none the wiser years ago (I presume) and is directly and blatantly exploited by his so-called friend in exchange for a few bucks. In any case, I hope this becomes a lesson to OP that no person in this industry is truly trustworthy and you have to always be on the lookout regardless of how trusted the person you are transacting with. And NEVER EVER SHARE YOUR PRIVATE KEYS. They are called private for a reason. You don't share it with anyone, not even your spouse or whoever the fuck you hold dear to your heart. You keep your money to yourself and you keep your investments that way. Also, be careful with clicking links on the internet, every link nowadays from a dubious site is an invitation to getting your wallet drained nowadays.

[sheenshane]

That's a costly and valuable lesson learned, and it's great that you took the initiative to research and educate yourself on this experienced.
I'm sorry to hear that you lost money to your friend who was taking advantage of your lack of knowledge about personal passwords and keys to your wallet but I hope this doesn't stop it here your interest in crypto despite making this lesson to improve yourself.

Next time make sure to take extra precautions when it comes to personal passwords and keys, and never share them with anyone, no matter how trustworthy they seem.  It's crucial to always be vigilant and protect your assets.

Read this article, https://bitcoin.org/en, all language was in there that you can easily understand.
Here also in the forum, spend your precious time reading value pinned post topic that seems to educate you well regarding Bitcoin technology.

[Cantsay]

$200 for a wallet address dag it!!! That's a clear evidence that he does not have you in heart he is nuts looking for ways to benefit himself through you. If he truly wanted you to learn about Bitcoin/ crypto then the first thing he should have taught you was supposed to be about security and privacy, like how to keep your wallet safe, what type of wallet should your use, what secret phrase and private keys are and what to do with them and preferably teach you some of the basics on how to identify a scam.

Now that you have learned the lesson although it was costly I'm sure you'll never fall for something like that and if you still know those under his mentorship I'll love you to talk to them about this because I think he's a con artist and he might also be trying to trick those ones as well, make sure you try your possible best to prevent them from experiencing what you once experienced.

[SOKO-DEKE]

I really wants to share this story, 2017 was the first time I heard of cryptocurrency. The person who introduced me to it completed Sappho my knowledge over education. He wants me to learn about bitcoin but at same time he wants to use me to accomplished his purpose. At first he told me to get wallet is $200 which I gave to create a wallet address, this money is not part of my investment you get, and when he finally show me my wallet, he said he's the bitcoin wallet moderator so he will be incharge of the password and keys as a novice I had no choice than to followed up gradually.

When someone is lack of knowledge on a particular thing it always become a fool.op I may said that you are just after profit at first term that is reason why you are easy scammed.things like this always happen to does who are blinded by the profit they are thinking to make. As for me anything i want invest into, I always need full ideas about it and I pay for whatever I want to learn but I don't give people much way to be in charge my properties.

Lesson: No matter who taught you in schools research is the best knowledge. Education is me telling you something but knowledge is you observing by yourself.

For proper understanding we always need to go for our own research and that is best way. It may the process of your own research you may able to discover things that even your mentors will forget to discourse with you properly.so personally research is very important in thing we do.

[Bananington]

Lesson: No matter who taught you in schools research is the best knowledge. Education is me telling you something but knowledge is you observing by yourself.

Education teaches you how to find knowledge on your own. To show that you are really educated is when you are able to seek out and verify knowledge on your own. Develop the habit of trying to do things on your own and finding out things for yourself. It is also said that you should not just trust people but also try to always verify what they say even if this persons are very close to us, in your case, you trusted without verifying, and it is why you have learnt this very big lesson. Trust less, verify more. I hope that other people will be able to learn from this your experience.

[alastantiger]

Remember the popular saying in cryptocurrency, "Do Your Own Research"? Yes. Take note of the word "your" not "our". That being said, in the early days of Bitcoin we had a lot of so-called Bitcoin experts who collected huge amounts of money from unsuspecting victims to open buy Bitcoin for them with the promise that they would make a lot of money overnight. They ran away with their money.

I am glad you have learned a valuable lesson. The internet is the best University where you can acquire knowledge and save yourself money, stress and heartache. Newbies should always take the counsel of so-called Bitcoin experts with a grain of salt and do their own research.

[S A KHAIR]

So your friend opened a wallet for you and therefore knew about your private keys?  My question now is: would you trust yourself to share your bank account passwords with some friends?  Obviously not.  Bitcoin is even better than a bank account because no trader can ever associate your name with the account let alone know your passwords.

But if you lose your password or forget your bank account password, you can recover it, but if you accidentally lose your bitcoin password or your private key, you will lose everything. Both have their pros and cons, there is no best when comparing them and both have distinct use cases. Bitcoin is for investment and bank account is for saving.

[mendace]

So your friend opened a wallet for you and therefore knew about your private keys?  My question now is: would you trust yourself to share your bank account passwords with some friends?  Obviously not.  Bitcoin is even better than a bank account because no trader can ever associate your name with the account let alone know your passwords.

But if you lose your password or forget your bank account password, you can recover it, but if you accidentally lose your bitcoin password or your private key, you will lose everything. Both have their pros and cons, there is no best when comparing them and both have distinct use cases. Bitcoin is for investment and bank account is for saving.

WTF?  so are you telling me that you are unable to store 12/24 words securely to conserve your savings?  Because we're talking about savings, I absolutely don't believe in investing in bitcoin and saving in the bank, if anything, on the contrary.

[Yatsan]

Remember the popular saying in cryptocurrency, "Do Your Own Research"? Yes. Take note of the word "your" not "our". That being said, in the early days of Bitcoin we had a lot of so-called Bitcoin experts who collected huge amounts of money from unsuspecting victims to open buy Bitcoin for them with the promise that they would make a lot of money overnight. They ran away with their money.

I am glad you have learned a valuable lesson. The internet is the best University where you can acquire knowledge and save yourself money, stress and heartache. Newbies should always take the counsel of so-called Bitcoin experts with a grain of salt and do their own research.

Even at this point there are people calling themselves 'expert' in this industry. They should be calling themselves "experienced" than expert because experience is the only thing one could attain from being in this industry for years. I myself as an example; I've been in this industry in general for 8 years and I am still learning things. Experts are simply individuals who has absolute knowledge of something and we are mostly not at that state. But I agree, taking advantage of these so called individuals would be much better but atleast never rely into them.

Learning it to yourself would be more advisable given that resources are their and there are people who could be your guide on your actions.

[Moeda]

I loss a $1100 to my friend wallet who happened to have been fooling me all this while.

Grateful he has avoided you, because people like that do not deserve to be friends. He is willing to deceive you for a small money. Maybe the money can only be enjoyed for a few days, while the friendly relationship will disappear forever. But don't make him an enemy, maybe because of its existence you already know about Crypto investment. So just take the wisdom behind what happened.

Lesson: No matter who taught you in schools research is the best knowledge. Education is me telling you something but knowledge is you observing by yourself.

If someone says something, it would be nice for us to analyze first, do not immediately believe it. Someone conveys the truth about Bitcoin investment, but behind it has the evil intention he wants to do. The truth and crime goes in line, and it depends on who will control it. If the one who controls the good person, then the truth is winning, if the one who controls the bad person is of course the evil that wins.

Maybe we say that at school is our teacher, or certain people. Without us knowing that in this forum there have been a lot of our teachers, because they convey something to us indirectly. They write something important information, without limiting who the person to go to that information is.

[gabbie2010]

You should be mindful of the friends you keep. Not everyone should be trusted. How could you have not known about this on time like from the start it was a scam.Private keys from it's name should be known by you and for you only. If you hadn't known ontime, maybe he could have made you invest more funds to your wallet and then take them out little by little. So have you changed the wallet or do you use that same wallet till date? cause last I recall, you can't change your private key. You just have to get a new wallet. What wallet did he open for you?

It's very unfortunately that his friend is not  being honest and untrustworthy, meanwhile in a bid to help the OP in funding the wallet unfortunately stole some of the OP while capitalizing on lack of proper understanding of how bitcoin work by the OP, it takes a lot effort and courage for any newbie to sit down to seek knowledge of how to create, open and fund a Bitcoin wallet then, though it's easier now with plenty informative platforms like YouTube with enough details on how to create it, I hope newbies will learn alot from the OP on never to entrust anybody with a private key and password of a wallet.

[bittraffic]

How long have you been friends with this guy? I really would believe you just met him at a bar or a party and you got along because he shared a dope.
Because I couldn't imagine a friend where you both have been together for quite a while and know common friends scam you like this.

But then anyway, you paid a price. Two lessons to learn, don't be trusting too much and the other is that learn first before giving the money.

[tranthidung]

At first he told me to get wallet is $200 which I gave to create a wallet address

I loss a $1100 to my friend wallet who happened to have been fooling me all this while. He eventually ran away from my range when I discovered what he was doing.

From $200 to $1100 loses, how did you lose that big money?

I failed to follow up your case. $200 is your initial loss to hire your friend creating that account / wallet for you. At the end, if he stole your coin in that account/ wallet, he is bad enough to steal all of your $2000, not $1100. Or $1100 is the value of your initial $2000 investment at the time your friend run away with those coin?
I don't know how you can assign everything to your friend as it is very easily to search with Google and understand about basics.

• Securing your wallets
• Security checklist
• Reminder: do not keep your money in online accounts

[CryptoHeadlineNews]

Now I invest $2000 dollars for a start and anytime I open it my money was increasing because those was booming season for BTC but after few days I will discovered that my money is not same amount but rather it has reduced than, this keep occurring at same time, I was receiving hash transactions to God knows where.

One day I was led to open google and verify what's all about bitcoin and altcoin, that's I begins to realized password and keys are personal stuffs no matter who opens the account for you, I loss a $1100 to my friend wallet who happened to have been fooling me all this while. He eventually ran away from my range when I discovered what he was doing.

Lesson: No matter who taught you in schools research is the best knowledge. Education is me telling you something but knowledge is you observing by yourself.

.
It's quite sad you have to go through all this loss as a result of your ignorance not knowing anything about Bitcoin or how it works, resulting to you falling into the hand of this scammer back then in 2017. But however, I'm happy you finally got to know about this forum, an encyclopedia of all you need to know about Bitcoin, it's history and a community of experts who are always ready to give professionals advise to any challenges as you may face as you journey through your Bitcoin career.

But in addition to what you have just known (I.e Don't ever share your Bitcoin wallet password with anyone), I will like to add that, Bitcoin is also the best option for long term investment, I.e instead of keeping your money in the bank, I rather prefer you invest in Bitcoin, as it has the potential to double in profit with respect to bull in the market price.

[Captain Corporate]

I have studied in high school, college, and many courses afterwards and I can guarantee you that I learned nothing from them compared to what I learned by researching stuff myself. This doesn't mean that I am master of what I researched myself, there are still so many things to learn, its never enough, I will never feel I know it enough. However, compared to what I learned at school? The things I learned myself was much better. And I can take this further and say that 4 years of college is useless for so many majors, the thing I studied for could have been just 1 very compact year and be done, half of them were useless.

[mv1986]

I really wants to share this story, 2017 was the first time I heard of cryptocurrency. The person who introduced me to it completed Sappho my knowledge over education. He wants me to learn about bitcoin but at same time he wants to use me to accomplished his purpose. At first he told me to get wallet is $200 which I gave to create a wallet address, this money is not part of my investment you get, and when he finally show me my wallet, he said he's the bitcoin wallet moderator so he will be incharge of the password and keys as a novice I had no choice than to followed up gradually.

Now I invest $2000 dollars for a start and anytime I open it my money was increasing because those was booming season for BTC but after few days I will discovered that my money is not same amount but rather it has reduced than, this keep occurring at same time, I was receiving hash transactions to God knows where.

One day I was led to open google and verify what's all about bitcoin and altcoin, that's I begins to realized password and keys are personal stuffs no matter who opens the account for you, I loss a $1100 to my friend wallet who happened to have been fooling me all this while. He eventually ran away from my range when I discovered what he was doing.

Lesson: No matter who taught you in schools research is the best knowledge. Education is me telling you something but knowledge is you observing by yourself.

Sorry to hear this, but frankly speaking there have been lots of big red fat warnings signs that you should have noticed when you were talking to your friend. The amount of $2000 you invested is not insignificant and when someone says that he has control over the password and the keys and you have no choice but to agree, haven't you been suspicious about that? Don't the words password and keys make you feel uncomfortable when somebody else wants them from you? Anyway, I don't know how good of a friend he was for you so I guess that might also play a role when you trusted him. One way or another, $2000 is a lot of money but you can probably be happy that you didn't put even more into that wallet.

This is what these forums are good for. When a situation like that happens, a good advice would be to go to the most popular forum and ask a simple question and you will have many many people wiling to answer you in order to immediately protect you from losing money. I am sure if you had posted even the simplest question like whether it is ok or not to give someone that data, lots of people here would have screamed at you with a big fat NO!

[death69]

Holy smokes! Thats some serious story right there. It realy sucks how some folks prey on others' ignorance. Im glad you've learned from this and gained some killer insight into financial responsibility. You gotta do your own diging and not just swallow what someone else feeds ya.

Crypto, man, thats a tough one to tackle. You gotta be super cautious of fraudsters and risks when youre throwin your hard-earned cash into the mix. I'd suggest you research differnt cryptos and their history before you plunk down any more dough. And hey, spread your investments out a bit to mitigate risk, yeah?

Bottom line, its rad to learn, but its equally rad to own up to your choices and do your own digging. Dont let anyone bamboozle ya!