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Author Topic: Something you don't have to forget  (Read 630 times)
Dr.Bitcoin_Strange
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November 25, 2023, 09:43:52 PM
 #81

The first thing a bitcoiner should know is that if they lose access to their wallet, they will never get back into it again. So, the best thing to do is make the security of their wallet a priority, like some people who said that in the past, they bought some Bitcoin and forgot to withdraw it from the exchange where they bought it. Now that the price of bitcoin has skyrocketed, they are looking for the exchange where they left their bitcoin. These are lessons to learn from, and also remember the warning: not your key, not your coin. It's a rule that every Bitcoiner must not forget and also let others who are not aware of it become aware.
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November 25, 2023, 09:54:44 PM
 #82

The first thing a bitcoiner should know is that if they lose access to their wallet, they will never get back into it again. So, the best thing to do is make the security of their wallet a priority, like some people who said that in the past, they bought some Bitcoin and forgot to withdraw it from the exchange where they bought it. Now that the price of bitcoin has skyrocketed, they are looking for the exchange where they left their bitcoin. These are lessons to learn from, and also remember the warning: not your key, not your coin. It's a rule that every Bitcoiner must not forget and also let others who are not aware of it become aware.
None thought of the market value of bitcoin growing this high. If they had known it earlier, surely they couldn't have lost their password. It all happened through an incident, when Laszlo Hanyecz bought pizza with bitcoin it started to get value and its usage started. Till then it was kind of token used for gambling and distributed as giveaway. People just received and they never considered it big. Most of the holders just bought or received without knowing what is bitcoin. Slowly the price increase made them look for it, but losing the key makes the fund doesn't belong to them.

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November 25, 2023, 11:57:04 PM
 #83

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.

People who lose their bitcoin wallet password or seed phrase even though there are a lot of bitcoins in it, can actually be said to be very trivial at first, but there are quite a lot of stories that tell about their triviality towards bitcoin before bitcoin had a price this high. but now there are several services that claim to be able to restore lost bitcoin wallets (this service), I'm not so sure about the services they offer, because there is the term 'not your key, not your bitcoin'. if we don't take good care of our wallets then who else will! save the password and seed phrase from the bitcoin wallet you have, don't let the bitcoin you hold just disappear because of your carelessness.



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November 26, 2023, 01:19:57 AM
 #84

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.

Crypto awareness already reached a nice peak, and I believe it will spread more and people won't dare to store their Bitcoin or altcoin in an insecure place, or device anymore. Unfortunately, people use insecure crypto exchanges where they do not have any control over their coins, and they deny the possibility of hacks and other problems.

Back to the point, mining altcoins is not profitable anymore except for some pump-and-dump coins that arrive with some huge expensive ASIC miners on the market and then slowly disappear. So, if someone buys alts, store it in a safe wallet. That's it.

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November 26, 2023, 09:55:24 AM
 #85

The first thing a bitcoiner should know is that if they lose access to their wallet, they will never get back into it again. So, the best thing to do is make the security of their wallet a priority, like some people who said that in the past, they bought some Bitcoin and forgot to withdraw it from the exchange where they bought it. Now that the price of bitcoin has skyrocketed, they are looking for the exchange where they left their bitcoin. These are lessons to learn from, and also remember the warning: not your key, not your coin. It's a rule that every Bitcoiner must not forget and also let others who are not aware of it become aware.
Yes, you are right, we have to properly maintain wallet access when we store these assets because we will not be able to access them again after we lose access to our wallet, it is important for those of us who store a number of Bitcoins to be able to maintain wallet access and if necessary we record it and store it properly. safe and when we need it we can still access the wallet we have.

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November 26, 2023, 10:10:44 AM
 #86

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.

Frankly speaking when Bitcoin was on its few months or year where its price is really that not that expensive or something significant then it wont be shocking that people or adopters on that time wont be paying up attention about those keys or whatsoever correlated to it but as we do know that each person is different on where there are some who dont care and there are some who do really care. Look at the difference
to those people who are cherishing their profits now than into those people who had forgotten their keys? It would really be a lifetime kind of regret because you will be picturing out on how rich you are now
if you had been able to held with those coins or simply having the access into that wallet.

It will really be just that too normal that you will be that saving up those privatekeys because if you dont pay up attention into this one then you are susceptible into the risk on losing those coins.
Now that we are dealing with different coins in the market and having those thoughts on being the next big thing on upcoming bull run or years to come then it will really be always
important on keeping everything or having that security of those keys. We wont know on when they would boom up.
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November 26, 2023, 10:47:50 AM
 #87

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.
Most of us know less and more about Bitcoin. Nowadays everyone is attracted to Bitcoin due to the influence that Bitcoin has created among the people all over the world. But many of us don't pay attention in the beginning about what steps should be taken to hold Bitcoin. We hold it after purchase. Here a holder must acquire a good understanding of their wallet to hold their bitcoins. Generally, if we create an account on a site, there is a way to recover it if we forget the password but if we forget the password of Bitcoin wallet, there is no possibility to get on that particular wallet. Of course, before buying Bitcoin or any asset, we should check whether we have access to our wallet or not. Otherwise the heard-earned money will have no value even if it is kept for a long time.

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November 26, 2023, 10:57:19 AM
 #88

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...
There are billions of people on earth and only less than 21 million bitcoin will ever be mined. There is no way that everyone can get at least 10 coins. There is no way they can get 1 coin each. I can continue decreasing the number but I think you got the point.

but again there are people who have this Bitcoin but because the value then was not encouraging most people lost their wallet password
Some did lose their passwords to centralized services where passwords were required, but the bigger concern is the loss of private keys and seed phrases (once they were introduced). That's what losses your spending ability.

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November 26, 2023, 01:13:40 PM
 #89

Being frustrated or discouraged, even forgetting your account password, does not reflect a good business. If you make a loss today, you will surely make a profit tomorrow. A good businessman has the ability to earn in all situation. Bitcoin may be up or down. Achievement and success is owe to hardship and trouble. Many good businessman fail because they do not have patience and wait. So always keep in touch with your business.continue struggle and pins good hopes for good future and success.

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November 26, 2023, 01:22:13 PM
 #90

Bitcoin investment should always be done with security in mind then there will be no reason to be disappointed. Access to the wallet should not be lost at all no one knows when the price of bitcoin will increase if the price increases you will be disappointed. This is why you should try to keep your wallet access safe. Many investors make this mistake, they don't pay attention when the price goes up and they fail because they forget the wallet accesses. For this reason the keys should be kept in such a place that they can be easily found so as not to fall into losses.

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November 26, 2023, 04:41:55 PM
 #91

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.
When I first came to know about Bitcoin, it was priced below $500. Though I didn't know that it was going to be this huge in the future, I knew it was something unique and I had never seen anything like it before. I was excited and eager to have Bitcoin, I used to use faucets every day to claim free satoshis and store them in my wallet. The unfortunate thing for me at that time was that I didn't have any money to buy Bitcoins and store them until now, if I could do that, I'm pretty sure that I would have access to my wallet because I've been active since then.

A lot of people might have had a lot of Bitcoins at that time and many people must have spent them like the guy who bought two pizzas for 10,000 Bitcoins, the reason behind that was that people didn't expect Bitcoin to become as huge as it has become today, and as you said, we will be saying the same thing in the future as well. So, anyone who can afford to should have at least some Bitcoins going into the future.

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November 26, 2023, 05:42:45 PM
 #92

Bitcoin investment should always be done with security in mind then there will be no reason to be disappointed. Access to the wallet should not be lost at all no one knows when the price of bitcoin will increase if the price increases you will be disappointed. This is why you should try to keep your wallet access safe. Many investors make this mistake, they don't pay attention when the price goes up and they fail because they forget the wallet accesses. For this reason the keys should be kept in such a place that they can be easily found so as not to fall into losses.

Yes security is must because there is no option to get profit from bitcoin once you forget the password or loss your wallet. Some people buy coins but when their value decreases then dont focus on its security therefore when price goes up then they have no access towards their coins as they don't remember the keys of their wallet in which they have keep their coins saved.

Try to remember your each password and if you know that your memory is not working properly and you always forget the things then save it else where because saving password at only a single place is full of hazards. Instead of learning about bitcoin investment also learn well about security because it is the most necessary thing in crypto market.









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November 26, 2023, 09:25:51 PM
 #93

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.
For a city that just came to Bitcoin when the price was already more than $100, maybe you can start to predict that Bitcoin will be this big. However, for those who knew about Bitcoin before, where the price of Bitcoin was still very low and could even be considered worthless, it was still not recognized, and there were still many doubts, then I really applaud those who turned out to be able to match Bitcoin until now. and in the end you can achieve extraordinary things with Bitcoin. Of course, this is none other than because of their belief in this technology, in the future and what Satoshi aspires to in Bitcoin.

The value of Bitcoin is increasing. Even though there are still many people who oppose it and hate it, that doesn't mean it has bad values. So, I personally have no doubts about focusing on investing in Bitcoin... and it is true about how me must secure our investment and keep our privacy on it. because it also still has a risk if losing access to it and being attacked by cyber crimes.  so, always be careful

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November 27, 2023, 06:47:00 AM
 #94

Bitcoin investment should always be done with security in mind then there will be no reason to be disappointed. Access to the wallet should not be lost at all no one knows when the price of bitcoin will increase if the price increases you will be disappointed. This is why you should try to keep your wallet access safe. Many investors make this mistake, they don't pay attention when the price goes up and they fail because they forget the wallet accesses. For this reason the keys should be kept in such a place that they can be easily found so as not to fall into losses.

Yes security is must because there is no option to get profit from bitcoin once you forget the password or loss your wallet. Some people buy coins but when their value decreases then dont focus on its security therefore when price goes up then they have no access towards their coins as they don't remember the keys of their wallet in which they have keep their coins saved.

Try to remember your each password and if you know that your memory is not working properly and you always forget the things then save it else where because saving password at only a single place is full of hazards. Instead of learning about bitcoin investment also learn well about security because it is the most necessary thing in crypto market.
how much we have bitcoin and develop it but without neatness in storing security keys, it will be useless. Actually, this is something basic that must be considered at the beginning before investing, but there are people who ignore it, so that they actually experience difficulties behind it. Even though we have kept it neatly, there is one more obstacle, where our heirs must know, but it remains safe as long as we are still alive, because no one knows how old we are.

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November 27, 2023, 03:45:20 PM
 #95

I think there are still people who manage to hit that threshold even though they are kind a bit late. For those who are not wealthy enough, they can always do it slowly. If they are consistent, I'm sure they will soon reach that value. Even if not, there is still no problem with that. You don't really have to say this because those who are involved in crypto already know this fact.

This is why there are now so many new coins and people invests on them because they believe they will be the next Bitcoin. If you are only talking about password, it was actually recoverable. But if it was about the private keys and seed phrases, then it is not possible. So yeah, we should keep them securely.

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November 27, 2023, 04:21:15 PM
 #96

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.

Which kind of password are you referring to here, what i think should be discussed is on how we can handle our private keys and not passwords, only with the private keys our bitcoin can be taken away from us, they don't need to have access to the device before they can attack, password deals with the device used and while private keys deals with the access to the coins on blockchain.

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.

There's this possibility, but only if we are not investing on shitcoins, we must make our research well deepens and accept every other risk involved with either bitcoin or other cryptocurrencies, but i will always advise for bitcoin first, before any other alt cryptocurrency.

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November 28, 2023, 02:29:27 AM
 #97

most people don't know that the price of bitcoin will be this high and in the past the price of bitcoin was so low that many people didn't pay attention to the key and ended up losing the key. and when there is a price increase, many people sell cheap because they don't know that BTC prices will rise as high as they do now. and many people now regret being too hasty in selling bitcoin.

Yes, saving passwords is certainly something that must be prioritized because in the future we will not know the price of the coins we have and the price of the coins could become expensive which will make us very rich. Of course, there are many examples of people who became rich because they didn't forget their keys and usually these people are very good at analyzing the potential of the coins they hold. So it's true that we shouldn't forget the key because even though for example it's cheap now, we won't know the price in the future.

I think we have to learn from the experiences of previous people who are now successful as a result of knowing BTC and became rich because they didn't forget the key.
but I'm sure that having a key lost and not found again will have the potential to make BTC prices better in the future.
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November 28, 2023, 02:39:52 AM
 #98

Bitcoin has opened so many people eyes in the cryptocurrency industries which is most people have been encounter, not to take notes of password mining platform of alt-coins in the system, that gives a huge return profits in the near future.
Lol of course Bitcoin will Open Eyes(have opened Eyes)  because this Pioneered the evolution  Grin so it is normal that it is the one that opens , but Password Mining , what do you mean about altcoins there?
Being frustrated or discouraged, even forgetting your account password, does not reflect a good business. If you make a loss today, you will surely make a profit tomorrow. A good businessman has the ability to earn in all situation. Bitcoin may be up or down. Achievement and success is owe to hardship and trouble. Many good businessman fail because they do not have patience and wait. So always keep in touch with your business.continue struggle and pins good hopes for good future and success.
you have given different example , Password cannot be compared to business and yes when you forgot your password here you will completely Lose everything you are holding so where is the profit for tomorrow there?










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November 28, 2023, 02:53:31 AM
 #99

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.
Maybe when bitcoin was not yet valuable, few people speculated that bitcoin would reach the price it is today. Moreover, when bitcoin still had a very low value, at that time digital money or crypto was still far from popular. Therefore, perhaps many people have wallets containing bitcoin and forget the password, because they think digital assets or bitcoin will not have prices as high as they are now. Therefore, this should be a valuable lesson for all of us, so as not to throw away, or underestimate the "crypto" coins that we currently have.
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November 28, 2023, 03:20:16 AM
 #100

In the last few days I have read many posts about asset loss, theft and other bad things that happen to BTC users. Yes. we need a place to keep your keys safe from those who have bad intentions towards our property.

That's right. OP, a great person is someone who is able to guard his assets well and wisely without providing any information that could attract thieves, especially if he already has 10 BTC as you wrote above. And the solution is to educate ourselves while staying focused on money because we are at the cutting edge of technology.

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