Something you don't have to forget

[uneng]

During the early time of bitcoin most people didn't expect bitcoin will come this big and will be a great asset, people never took it serious which they never bothered to even to secure their seed phrase properly. But from the experience of bitcoin people will learn lessons not just about keeping the seed phrase in a safe place for the future. Bitcoin have really open the mind of people to learn how to take every new innovation as important for people to watch out what will be the next phase of it.

Be it cryptocurrency or not people need to learn to take every information details very important because it can be of something that will be needed in the future.

Back then Bitcoin was largely distributed for free to everyone who had interest in acquiring some coins online. There were many faucets disponible where you could make at least 0.001BTC daily just by claiming on them during the years of 2015 and 2016, and before that, there was a faucet which gave 5BTC per claim. On those times it wasn't a great sum of money, but for those who believed in BTC potential and held it for the future, it was a complete life changer, which guaranteed them to become millionaires.

Now those times are gone and the profitability potential has decreased, however, it doesn't mean there aren't opportunities anymore. Bitcoin can still perform very well on the next following 2 years, so for everyone doubtful if they should invest or not, think about people in the past who decided not investing, and are regretful now for not doing so. Don't repeat the same mistake, folks...

[Lucius]

~snip~
However,  what am saying in essence is that whatsoever coin you have or you are mining please keep it safe and don't forget your password very important because you can't and will never recover the password.  I believed within a short time most of these coin will have a great value,  a value that one of it will change your story.

Go back 5 or 10 years and you will see that more than 90% of all coins that were invented then are worth almost nothing today, and the same will happen with most of those who today try to catch the naive to mine or buy them. I have a lot of such coins from my early days in the crypto world, and only two are worth more than before, although it is far from the fact that I could get rich selling them.

All those coins you are talking about are just pump&dump schemes with a bunch of false promises, not to mention the fact that most of them are centralized, pre-mined and with an unlimited supply. This is not the key to success, but to certain failure.

[jeraldskie11]

~snip~
However,  what am saying in essence is that whatsoever coin you have or you are mining please keep it safe and don't forget your password very important because you can't and will never recover the password.  I believed within a short time most of these coin will have a great value,  a value that one of it will change your story.

Go back 5 or 10 years and you will see that more than 90% of all coins that were invented then are worth almost nothing today, and the same will happen with most of those who today try to catch the naive to mine or buy them. I have a lot of such coins from my early days in the crypto world, and only two are worth more than before, although it is far from the fact that I could get rich selling them.

All those coins you are talking about are just pump&dump schemes with a bunch of false promises, not to mention the fact that most of them are centralized, pre-mined and with an unlimited supply. This is not the key to success, but to certain failure.

Personally, I will always keep my key or phrase for a cryptocurrency which is I believed that it will have a great value in the future. It's not good to keep any coins we see in the market because it's just a waste of time, just like what you've said that more than 90% of tokens in crypto don't have value. We should make a screening of a coin if this will going to have a great value in the future or worth nothing. We can't truly say that our screening is perfect, but it's certainly better than having a tokens without screening.

[AnonBitCoiner]

If someone lost their password then it means that they are not serious with their assets and I think if you buy bitcoin or any other coins then keep check on the price of that coins and also save your password and other necessary information in hard form. In past people were not serious about bitcoin but now the demand for bitcoin is increasing and now as the halving will pass so everyone will be in preparation to save more bitcoin to be benefited more in future. Some people in the past have sold their bitcoin and now they regret for their decision because that time the value was not so high as that is today.

[Faisal2202]

Most people never knew Bitcoin will be this huge and important because I wish they do everyone would've at least have 10 of it but again there are people who have this Bitcoin but because the value then was not encouraging most people lost their wallet password,  am saying this because I know most people do actually lost their wallet password before they heard Bitcoin is now a great coin.
However,  what am saying in essence is that whatsoever coin you have or you are mining please keep it safe and don't forget your password very important because you can't and will never recover the password.  I believed within a short time most of these coin will have a great value,  a value that one of it will change your story.

Its a great advice, we all should follow it no matter what the value of the coin you have in your holding, because one of my cousins used to mine BTC, or try to earn BTC when it was new (around 2011 to 2013) he said he and his friend collected a lot of BTC but due to no or lesser profit they abandoned those wallets, even the computers and now they don't even know where would be the seed phrase. I forced him a lot to check your old hard drives but he said they all are corrupted etc. etc.

We should keep our seed phrase safe somewhere, most people will say never save them on the internet like cloud services but I will say they are the safest places to save your assets but you have to take precautions otherwise your email compromization can lead hackers straight to the seed phrase and your assets will be gone.

I also faced it in Pi, as I used to have some Pi in my account but I deleted the app and don't even know the password and now I am unable to recover the account, but I accepted my fortune now and I am ok with it. And yeah we should never abandon our wallets by saying this coin is shit, even the coin is shit, do get something to hold onto that wallet.

[umbara ardian]

Every new innovation takes time to be accepted by society. Bitcoin is no exception. When it was first introduced in 2009, bitcoin was considered by many to be a scam or a Ponzi scheme. However, over the years, bitcoin has gradually become more widely accepted. Today, bitcoin is used by millions of people worldwide for payments, investments, and storage of value. And I believe that in the coming years bitcoin will continue to gain wider acceptance. Bitcoin prices will likely continue to rise and adoption rates will be high enough to trigger global and large-scale integration of bitcoin into government systems around the world.

[JunaidAzizi]

Most people never knew Bitcoin will be this huge and important because I wish they do everyone would've at least have 10 of it but again there are people who have this Bitcoin but because the value then was not encouraging most people lost their wallet password,  am saying this because I know most people do actually lost their wallet password before they heard Bitcoin is now a great coin.
However,  what am saying in essence is that whatsoever coin you have or you are mining please keep it safe and don't forget your password very important because you can't and will never recover the password.  I believed within a short time most of these coin will have a great value,  a value that one of it will change your story.

Well, mate at first look I thought that your post was like others and was less important because many people did the same post but when I read the last part I believed that your post was unique and gave a sign of a very important thing or message that most people do.
People at that time made a very big mistake by not taking interest in Bitcoin and those people who were interested in Bitcoin showed some stupidity and lost their phrase which not only wasted their funds but also Bitcoin. Now from your post, most of persons will recall that situation and how they did such a stupidity and for the present and future they will not do that again and will take it as a lesson.

[MIner1448]

You are right that keeping your wallet and password secure is extremely important. Losing your password can lead to loss of access to valuable assets, and this applies not only to Bitcoin, but also to other cryptocurrencies. Many people have become wealthy in recent years due to the rise in value of Bitcoin and other coins, and it is important to take care of your own keys and passwords to ensure the safety of your investments. It is important to always have a Plan B for any loss of password or keys.

[Zanab247]

Those that loss their BTC in the past are those that failed to write their seeds phrase down because, the moment you have your personal details on ground,  no matter how long you have access to your wallet, the moment you enter your password in your wallet, you will have access to your coins again. Now that the price of BTC has risen to $38k ,there are some people will still regret why they didn't know BTC now because, they didn't want to acquire knowledge of BTC so that they will know that in 5 years to come the price will increase double for people like you to regret why you did not buy when the price was $38k.

If you have the money to buy BTC now, do everything possible to buy it now because the price will increase higher in 10 years to come to attract many people to invest in BTC to know how important it is to humanity.

[ChiBitCTy]

Yeah I would agree that bitcoin is unique in this type of way.  We really see this over in the collectibles board section where people will come looking to sell their physical bitcoins, such as Casascius coins that were gifted to them many years ago when bitcoin was worth very little.  They often have very poorly taken care of coins, which certainly hurts the value.  Same goes for hardware wallets/paper wallets etc..as you mentioned so many people just don't take care of things how they should.  I would say after as much success as bitcoin has had these past few years, this will become less and less of a thing.

[tjtonmoy]

This is how things work OP. You can not expect everyone to follow the same path. There will always be people who will create their own path or take an entirely different path. Only a few of them will stick to the original path and see it through the end. Also, the crypto market is uncertain and no one knows what the future holds for it. So it is normal for people to sell their share of holding whenever they see the opportunity. Hodling is the key to success no doubt but it is also important to realize when an opportunity is knocking at your door.

Do not marry your wallet. Learn to let go when there's an opportunity. Don't think about the past. You can't go back and change the history. The more you think about it the more regret you will feel. Instead, focus on what you can do right now to change the future. You are getting the asset equivalent to what you are paying. Focus on increasing that. Don't ruin your present and future by thinking about your past.

[Captain Corporate]

One of the great upsides of this is that all those people who forgot or can't access their coins basically took some bitcoins out of the market, creating scarcity and that means we have a lot less bitcoin. The biggest example would be 1 million for satoshi, and there are probably millions more, and there are millions that are being held as well and not sold, for long term holding. This creates a very tiny amount of bitcoin compared to general how much there is, that is in the market. So when there is this little amount in the market, we all trade the same coins back and forth, and this demand/supply balance is getting shifted towards demand over supply, when all these people forget their access.

[The Cryptovator]

At the beginning, when Bitcoin was too cheap and wasn't popular, investors weren't very serious with their wallets. Hence, they forgot about their wallet, and when they noticed the current position of Bitcoin, they woke up. But unfortunately, a few of them totally forgot about their wallet credentials. I have seen many cases where people can't remember the apps or wallet names where they stored their bitcoin. But time has changed now, and we are very careful with our wallet credentials. Because the Bitcoin price is too high now and is still growing. So we must take care of our wallets to avoid big losses that we can't afford right now.

[electronicash]

At the beginning, when Bitcoin was too cheap and wasn't popular, investors weren't very serious with their wallets. Hence, they forgot about their wallet, and when they noticed the current position of Bitcoin, they woke up. But unfortunately, a few of them totally forgot about their wallet credentials. I have seen many cases where people can't remember the apps or wallet names where they stored their bitcoin. But time has changed now, and we are very careful with our wallet credentials. Because the Bitcoin price is too high now and is still growing. So we must take care of our wallets to avoid big losses that we can't afford right now.

as early as 2015 there were already scams and casinos and exchanges that also shut down all of a sudden and many of those early believers lost their coins. because the value is just not so big, they were just giving away coins.

i wasn't here it yet but i have read people were joining faucets which giveaway 5 BTC each time. if they only knew the price could go as high as $69K, they wouldn't be doing it. 1 BTC today is already one man's life savings.

[Yatsan]

At the beginning, when Bitcoin was too cheap and wasn't popular, investors weren't very serious with their wallets. Hence, they forgot about their wallet, and when they noticed the current position of Bitcoin, they woke up. But unfortunately, a few of them totally forgot about their wallet credentials. I have seen many cases where people can't remember the apps or wallet names where they stored their bitcoin. But time has changed now, and we are very careful with our wallet credentials. Because the Bitcoin price is too high now and is still growing. So we must take care of our wallets to avoid big losses that we can't afford right now.

as early as 2015 there were already scams and casinos and exchanges that also shut down all of a sudden and many of those early believers lost their coins. because the value is just not so big, they were just giving away coins.

i wasn't here it yet but i have read people were joining faucets which giveaway 5 BTC each time. if they only knew the price could go as high as $69K, they wouldn't be doing it. 1 BTC today is already one man's life savings.

Not all people expected its value to be as high as it have reached. Being in regret won't do us any good if such thing happened on your end. There are several stories which showed how low its potential have been assumed. Remember the guy who boight pizza using Bitcoin? that's one. But if we would base on real time, we cannot blame them from being ignorant of their bitcoin holdings. Same idea goes with people not buying or investing when Bitcoin reached $20k market value before it reached its ATH. We are all afraid to lose money which pushes us either away or towards this technology. And with giving importance of private keys? that's a bare minimum and that is simply being irresponsible losing them simply because you cannot see the potential of it being profitable.

[Raflesia]

Regardless of expectations of how many bitcoins we want to get now depends on what we do because if it's just hoping and regretting the time that has long been wasted when not in bitcoin now there will be no point because that time does not repeat itself, but certainly at this time the focus is on how we do for the future because if you remember the past it will not be repeated so we only focus on investing in the present and the future how steps we have to take and what strategies we will do to bring bitcoin as much as we can into portopolio.
As for the security of the wallet or seed it is the first step and I think if we really seriously want to be in bitcoin such an important thing will not be forgotten. The problem that occurs is not about forgetting but our inaccuracy in storing the seed wallet that we have because in the end there are several disasters that occur because we are too careless in storing seed phrases in any place that this invites many robbers who are ready to attack us when we are careless.

[Adams0001]

Most people never knew Bitcoin will be this huge and important because I wish they do everyone would've at least have 10 of it but again there are people who have this Bitcoin but because the value then was not encouraging most people lost their wallet password,  am saying this because I know most people do actually lost their wallet password before they heard Bitcoin is now a great coin.
However,  what am saying in essence is that whatsoever coin you have or you are mining please keep it safe and don't forget your password very important because you can't and will never recover the password.  I believed within a short time most of these coin will have a great value,  a value that one of it will change your story.

Many people lose their passwords because they believe bitcoin will not gain value and they do not value it in their life, but now that bitcoin has increased in price I don't think anyone will forget his private key when he invests in Bitcoin because everyone understands the value of it. Let's say the people who lost their passwords will be regretting now because they should have become rich now, and some people who knew about bitcoin before will be regretting now because they did not invest on it because they believed bitcoin would not gain value.

People who haven't invested in bitcoin should do so now because it's the perfect moment to do so since the price can rise at any time and you'll be disappointed if you don't because I believe bitcoin's value will rise higher in the next 3 to 5 years because how am seeing is increase gradually.

[Ever-young]

People not knowing where bitcoin will be in the next decay is what actually build bitcoin to where it is right now, because if everyone have known what it will be like everyone could have rushed and save up lot of bitcoin as possible as they could and they will will not bother to sell their bitcoin holding which could have limited the amount of transactions and circulation that could have been happening around the network.

No body would be ready to sell their holdings everyone will be willing and looking for means to buy more, just like the way the market is now, no one know where the price will be in the next decay that’s why most people are still selling and taking home small profits, which people will also use today price as reference in future for those who miss to buy it now.

[Rengga Jati]

Most people never knew Bitcoin will be this huge and important because I wish they do everyone would've at least have 10 of it but again there are people who have this Bitcoin but because the value then was not encouraging most people lost their wallet password,  am saying this because I know most people do actually lost their wallet password before they heard Bitcoin is now a great coin.
However,  what am saying in essence is that whatsoever coin you have or you are mining please keep it safe and don't forget your password very important because you can't and will never recover the password.  I believed within a short time most of these coin will have a great value,  a value that one of it will change your story.

Sometimes what happens is that something becomes important and it's not easy to lose it when we think it's extraordinary and truly valuable. But on the contrary, when we think it's not important, it doesn't even mean anything or it's just something we accidentally got and in the end we If we never consider it, sometimes we will forget it more easily, or in other words, we will not have high aspirations to keep it well. Likewise, what happened to several people who owned Bitcoin in the past, where the price of Bitcoin was still very small and was considered completely worthless. And in the end they only realized that after many years Bitcoin could finally be as successful and accepted as this.

It's true, whatever we have, no matter how small, can be big someday. Whether in terms of value or anything else. But what is certain is that even if it turns out that the Bitcoin has been lost because access to it no longer exists, it will be a valuable lesson so that in the future you will be more careful in storing anything. Now is not the time to regret but to start again with what you once had.

[Promocodeudo]

OP, in real sense it is very difficult for anyone to continue to hold on to what he or she doesn't believe, when bitcoin come into existence people never believe that it is real, to me, this is normal, you dont expect some to just jump into something just like that, but in all there are set of people in this life that want to see the end of everything they started and those are the people that have benefited so far in bitcoin today, if bitcoin had showed much success as it is today I think many people would have been much in it today, but it is normal for anything that has potential to grow over time, in the aspect of losing password or seed phrase back then, this was as a result of negligence and less concern due to lack of patience and less trust.