oktana
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March 16, 2024, 10:38:03 PM |
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Hate to break it to you but that’s $7M you lost there. I can’t imagine how it feels for you living and knowing that you have $7M somewhere but you just can’t access it. Though I believe that you wouldn’t just hold it till now if you had access to it the whole time. You’d probably sell when you saw even 10,000% increase. Anyways, it’s sad but you have to start from scratch. DCA will help you over the years, and bitcoin will definitely be worth a lot more.
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n0ne
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 16, 2024, 11:58:36 PM |
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Similar to the mentioned incident, it is possible to see a good number of users losing access to their wallets, which have a good amount of bitcoin. People never thought of bitcoin reaching this high, and the same makes them go careless. When the price has reached its peak, people start looking for the wallet and try to remember the recovery phrase. Some people were lucky to recover the wallet with the backup, but the majority lost it. So, we need to be careful when handling anything, despite the value it holds.
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Belarge
Full Member
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Eloncoin.org - Mars, here we come!
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March 17, 2024, 06:20:01 AM |
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Similar to the mentioned incident, it is possible to see a good number of users losing access to their wallets, which have a good amount of bitcoin. People never thought of bitcoin reaching this high, and the same makes them go careless. When the price has reached its peak, people start looking for the wallet and try to remember the recovery phrase. Some people were lucky to recover the wallet with the backup, but the majority lost it. So, we need to be careful when handling anything, despite the value it holds.
The values of bitcoins then and now is different, it will really pain when targets are not triggered. We can easily spot out the gigantic price. The lucky stars shined upon few people and the successfully withdraw points. 100 bitcoins, you're a multi-billionaire in dollars and this would just settled everything in life. The incident will be awful because that's huge loss in the market. Currently, there are measures to follow in the market. Those who were able to bagged bitcoin when they're cheap can be driving their dream car by now.
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Dr.Osh
Legendary
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March 17, 2024, 06:28:10 AM |
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well, if you go back in time, before bitcoin had the high price it has today, not many people realized that bitcoin was a big thing. Many people are like you, have bitcoin, and forget about it. Most people in the past were just trying to have one. However, I'm sorry about this. However, this is a very valuable lesson for us to always pay attention to what we have and take good care of it. Place management is also very necessary. So, I think being patient and continuing to move forward is the wise path to take
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pinggoki
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 17, 2024, 06:34:18 AM |
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The problem is that at that time, bitcoin is just some hobby that you forgot about and I probably would've done the same thing as you with that flash drive, I mean if you don't got a utility at the moment for something, you'll almost always going to end up discarding them, that's how it goes with things like this so make sure that if you want to keep something, make sure that you're not keeping it just for the sake of keeping it, you need to have a purpose for keeping that in thing in your person, right now or in the present, if that doesn't satisfy those categories, discard it. There's also the possibility that you might not even be able to open it since it's abandoned and there's the possibility that it's probably obsolete and that it's damaged by the elements that you're probably going to see that it wouldn't be working anymore. Oh well, I guess another 100 bitcoin is gone and down into the abyss thus increasing the value of it even more, thank you for your involuntary sacrifice OP.
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Churchillvv
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March 17, 2024, 06:36:19 AM |
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Alot of people have lost so many Bitcoin as a result of carelessness. just because they got it from the earliest time so it was so much of a value back then that is why it was lost in the first place. I cannot blame op or any other in this kind of situation because Bitcoin was a paradigm shift and from that perspective it be valued from the beginning because it a new invention, and perhaps for OP this drive have been in the house for a long time now but as soon as he needs it, he can't find it. I usually have this kind situation at home where I will keep something and when the importance comes it won't be seen any where. its just frustrating.
Once again Op sorry for such a be loss, I wouldn't imagine being in your situation.
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Asuspawer09
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March 17, 2024, 11:04:22 AM |
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Hello ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) One day, a few years ago now, I had ~100 bitcoins on Old Usb Key. I didn't remember having them, as I'd had them at the very beginning. This USB key was lying around in a drawer, as I imagine a lot of people have ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I remembered that I had a Bitcoin wallet not long ago and I tried to find my USB key, without success. This story makes me sad, because if I'd known, I'd have been more careful! Moral: be careful with your stuff, even if it's old :p I mean no one actually expected for Bitcoin to be so valuable when in was made in the past year, it was just some new technology that we see, Most of the people that bought that time for sure weren't really expecting that the market price of Bitcoin is going to exceed up to 70k$ I really doubt that they hold until now because they know and believed on it, I believed most of this people are just lucky enough somehow maybe they just forget about it and then probably see it again when the market started to increase its market price. Most of them for sure already sold a huge amount of their Bitcoin or worse sold it all already when the market increased probably when 20k$ I guess. In the first place for sure, we should be mindful of all of our things, it was probably difficult to keep all of the stuff, I mean for years, personally the flash drive that I owned a long time ago I didn't really know where it is today, and I already lose it I think, probably because I just doesnt know its value right, we just tend to not give enough importance to it especially if it wasn't really that valuable to was. That time this flash drive was lost Bitcoin wasn't really a thing I guess so it's easy to overlook this thing, but I guess it would be a good thing if you are someone that is very meticulous to your things, my mom was likethat, his things that she own is still working until these days.
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Marvell1
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Leading Crypto Sports Betting & Casino Platform
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March 17, 2024, 02:06:41 PM |
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The problem is that at that time, bitcoin is just some hobby that you forgot about and I probably would've done the same thing as you with that flash drive, I mean if you don't got a utility at the moment for something, you'll almost always going to end up discarding them, that's how it goes with things like this so make sure that if you want to keep something, make sure that you're not keeping it just for the sake of keeping it, you need to have a purpose for keeping that in thing in your person, right now or in the present, if that doesn't satisfy those categories, discard it. There's also the possibility that you might not even be able to open it since it's abandoned and there's the possibility that it's probably obsolete and that it's damaged by the elements that you're probably going to see that it wouldn't be working anymore. Oh well, I guess another 100 bitcoin is gone and down into the abyss thus increasing the value of it even more, thank you for your involuntary sacrifice OP.
I completely agree with you, if we had the opportunity to own 100BTC like OP at that time, I also believe that not too many people would be able to hold it today. Because the future is unpredictable. We're not in that situation so we can't blame the OP for being careless or stupid. OP is not the first person to lose bitcoins or there are many people who sold their bitcoins for very cheap prices. But many investors who have just joined bitcoin in the past few years think they are smart and criticize these people mercilessly. They claim that, if they knew bitcoin at the time, they would have held and not sold any bitcoin, LOL.
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Jwest
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March 18, 2024, 11:03:36 AM |
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Oh my God!! 🥺 this breaks my heart... If it was me.. I would never have peace of mind 😢
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bobbybkk
Member
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March 18, 2024, 11:27:46 AM |
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Just 2 points I noticed: 1) The OP says he is a Bitcoin trader, so maybe he still made a lot of money with Bitcoin, and just made a specific mistake regarding this USB stick with 100 Bitcoin.... 2) In case he is suffering about the lost Bitcoins, I would suggest to buy a lottery ticket every week with a top price of the current 100 Bitcoin value, maybe he is lucky again to make a good decision .. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Z-tight
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March 18, 2024, 01:05:39 PM |
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I didn't remember having them, as I'd had them at the very beginning. This USB key was lying around in a drawer, as I imagine a lot of people have ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I don't know if your story is true and if you lost coins for real, but many bitcoiners from the early days lost the keys to their coins because BTC was not worth anything in the early days and they did not bother about securing their coins or taking security seriously. These days people are more careful with how they handle their coins and security is now the first thing most bitcoiners aim to achieve once they buy BTC. There is even a similar story of a man who threw away his hard drive containing 7,500 BTC's in 2013, his name is James Howells, he has been going 'crazy' in recent years on how to recover it because BTC is now so valuable, but back in 2013 it wasn't and so he carelessly lost it.
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Cryptomultiplier
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March 18, 2024, 01:20:24 PM |
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Am sure one day if any of us gets to loose any other coin besides BTC and it becomes a valued coin, stories or post like this would be written to remember it. I have lost some BTC also at the first onset of joining a campaign when I knew not how to withdraw or transfer to and from a wallet. In shut, I had so little knowledge that when I decided to use a trust wallet, I lost the key phrases and didn't know it was necessary to recover the coins. Certainly not your keys, not your coins for that day.
Am sure I wouldn't make such an error today because the knowledge I have gathered has helped sharpen my cryptocurrencies IQ to the point that believe in the continued rising value of BTC as an asset and as a good future investment to sponsor a dream or get an achievement.
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wxa7115
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March 18, 2024, 02:38:11 PM |
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I didn't remember having them, as I'd had them at the very beginning. This USB key was lying around in a drawer, as I imagine a lot of people have ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I don't know if your story is true and if you lost coins for real, but many bitcoiners from the early days lost the keys to their coins because BTC was not worth anything in the early days and they did not bother about securing their coins or taking security seriously. These days people are more careful with how they handle their coins and security is now the first thing most bitcoiners aim to achieve once they buy BTC. There is even a similar story of a man who threw away his hard drive containing 7,500 BTC's in 2013, his name is James Howells, he has been going 'crazy' in recent years on how to recover it because BTC is now so valuable, but back in 2013 it wasn't and so he carelessly lost it. It was difficult for people back then to think that bitcoin will become so valuable and that it will do it in such a short amount of time, and sometimes I even find it hard to believe even when I am watching the charts, so it is understandable that people were not as interested on securing their coins properly as they never imagined this could happen. So unless a miracle happens, those coins are lost and there is no way to get them back, and in order to make sure this does not happen to us, we need to prepare properly and protect our coins, otherwise in a decade or two we could be the ones lamenting the loss of our bitcoin.
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Vinaa77
Sr. Member
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SecureShift.io | Crypto-Exchange
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March 18, 2024, 05:16:06 PM |
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Similar to the mentioned incident, it is possible to see a good number of users losing access to their wallets, which have a good amount of bitcoin. People never thought of bitcoin reaching this high, and the same makes them go careless. When the price has reached its peak, people start looking for the wallet and try to remember the recovery phrase. Some people were lucky to recover the wallet with the backup, but the majority lost it. So, we need to be careful when handling anything, despite the value it holds.
Those who have collected a lot of Bitcoin at the beginning certainly would never have thought that the price of Bitcoin could reach the price it is today so they think Bitcoin is not an asset that they have to look after and at that time they could get it at a low price but for some people who still keep the key their wallets have certainly enjoyed the profits they have earned, yes, it is indeed important for us to keep the keys to the wallets where we store Bitcoin so that we don't make mistakes like those who think Bitcoin is just useless for them so they regret it when don't have access.
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MFahad
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2024, 05:32:10 PM |
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Similar to the mentioned incident, it is possible to see a good number of users losing access to their wallets, which have a good amount of bitcoin. People never thought of bitcoin reaching this high, and the same makes them go careless. When the price has reached its peak, people start looking for the wallet and try to remember the recovery phrase. Some people were lucky to recover the wallet with the backup, but the majority lost it. So, we need to be careful when handling anything, despite the value it holds.
You are right that we should take good care of the things we own despite their current value because we never know what value they might have in the future. So as it is always said a person shouldn't just learn from their own mistakes but they should also learn from the mistakes of others, so such stories teach us the lesson that we shouldn't be careless with our assets even if they aren't worth a lot for now. 100 Bitcoins right now is a life-changing amount, and I'm pretty sure anyone that have lost that much money will feel extremely bad, so I feel sorry for OP, however, I believe it's his own mistake because he had the Bitcoins in a USB stick and still couldn't keep it somewhere safe.
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Nanga Parbat
Sr. Member
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March 18, 2024, 05:49:42 PM |
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In case he is suffering about the lost Bitcoins, I would suggest to buy a lottery ticket every week with a top price of the current 100 Bitcoin value, maybe he is lucky again to make a good decision ..
your idea is good, but if you invest in cryptocurrency, or stocks, or lotteries, all of them involve risk. I would say that if you are going to trade then you should also know about the small fundamental news that will keep you updated with the market and reduce your risk and profit. This very good strategy I am also use this strategy in trading and other investment.
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Franctoshi
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March 18, 2024, 06:03:30 PM |
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I remembered that I had a Bitcoin wallet not long ago and I tried to find my USB key, without success.
Where have you been living all this while that you just remembered you've 100 Bitcoin... In a cave? A good question to ask here. I wonder where he has been and just remembered that he had 100 BTC is a USB. But his profile said a BTC trader since 2010. So, this means he must have had an idea how to save his bitcoin since 2010, so what really happened and why remembering it recently. Maybe because the bitcoin price surged? However, let's assume his story is true, when Bitcoin was very cheap, no one ever thought that Bitcoin would be trading at the price it is today, I have a close friend who had 1BTC in a wallet he forgot the keys to, Whe saw that Bitcoin had exploded in 2021,we did everything to recover that Bitcoin but no result, So, Somehow I don't blame the early investors of Bitcoin, using myself as an example, there was this coin I bought, today it happened that the coin has exploded in price, but the problem here is that I have forgotten where I stored the keys to the wallet because I didn't value it at the initial time to even think it will skyrocket in price, so I kind of think this is the situation here with those early investors if at all this story is true.
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wiss19
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March 19, 2024, 03:26:42 AM |
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Wuen things don't have a worth we don't seem to give much meticulous care about them simply because their value isn't at the time worth the care it need given, and this was the case with bitcoin many years ago that a lot of people had to lose their funds invested in bitcoin because they can't recall when or where they last saw or kept their hard wallet or stored their wallet seed phrase. I think the moral lesson here should be, "when something is said to be a promising asset in the future put in effort to safe keep it as you don't know what the future value of such asset can be". Look at all those that had their wallet's intact till today, they are now the whales we are referring too on each bitcoin market discussion.
I can't help but wonder, why would someone buy a hardware wallet and store their Bitcoin in it if they don't find its value intriguing enough for them to take good care of it. As far as I know, people store their Bitcoin in a hardware wallet only if they either want to hold it for the long term or to keep it safe from exploits and stuff and when someone does that, they should also make sure where their hardware wallets are kept to make sure it's safe and sound. It is understandable if a person says that they had their wallet in an old computer and lost access to it, but when someone says that they had a bunch of Bitcoins in a hardware wallet lying around, I feel like they are either making up a story or they are extremely careless with their stuff.
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rodskee
Full Member
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March 19, 2024, 04:38:43 AM |
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I think it's impossible to tell you to not feel bad about it, because we are talking about 7,000,000$ dollars. Anyway, you aren't the only one to face this harsh situation. There are some stories on the internet of another early investors who have also lost access to their wallets which were replenished of Bitcoins.
My doubt is, why some early investors were so careless over their coins back then? Didn't they believe Bitcoin have potential to become valuable like we see nowadays? Weren't they faithful adopters who were holding thinking on long term gains? What was their purpose by accumulating Bitcoin if it wasn't to store and keep it safely, then?
of course it's possible, when bitcoin appeared, it wasn't worth anything and so I disregarded it, I remembered it not so long ago when I moved and found some old stuff. sad reality. I wish I hadn't remembered, today it haunts me. Don't worry mate because your story inspires many of us how we only have to trust bitcoin and keep safe even the last drop of satoshi we have in our wallets because some day this will have huge value like what you said now that back in those days bitcoin isn't worth anything. and also lucky that you remembered this today and not when Bitcoin is already worth millions of dollars each because that will surely Haunt you more than how you feels now.
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Outhue
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March 19, 2024, 10:12:56 AM |
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Hello ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) One day, a few years ago now, I had ~100 bitcoins on Old Usb Key. I didn't remember having them, as I'd had them at the very beginning. This USB key was lying around in a drawer, as I imagine a lot of people have ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I remembered that I had a Bitcoin wallet not long ago and I tried to find my USB key, without success. This story makes me sad, because if I'd known, I'd have been more careful! Moral: be careful with your stuff, even if it's old :p You consider your real life experience as a story, this is why I won't believe your story, but I would like to make some contribution still. So you can't find the UBS anymore? When was this? Because it makes no sense to have 100 Bitcoin and not aware that Bitcoin hit 69k in 2021, why are you just looking for a way to get your USB now? Are you really sure that you ever had one? Because it doesn't look like it, your Bitcoin wallet do have a private key or recovery seed, do you not write that down and keep separately? Or you kept this in the same USB drive? Even as a hardware wallet owner, I still keep my recovery seed far away from my hardware wallet, the keys are more important than the hardware because through the keys is the only way to get access into assets again.
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