Post
Topic
Board Bitcoin Discussion
Re: What if you forget your bitcoin wallet password?
by
peterstrong007
on 09/05/2018, 01:22:13 UTC
Recently many people who bought bitcoin years ago find themselves sitting on an untouchable bounty. Those lucky guys who purchased or mined just a few bitcoins at the start of the age of cryptocurrency nowadays can boast about their savings. However, some of them are now in a painful limbo,because they can't remember the complex security passwords needed to get to their bitcoin wallet. Unlike a bank, bitcoin has no central hotline to call for a reset. This is really a bad thing,it's like forgetting a bank account password, but there's no bank to call to reset it. That money is lost forever. That might be a lot of money at today’s exchange rate.

Actyally, this bad thing happened to me last year, and my friend recommend  this website:http://recovermybtc.com/ to me,she said she has retrieved her bitcoin wallet password through it,and I download this software,it really works after I used it,and you need to pay some service fee to them, but it's not high.Somebody who lost their bitcoin password can make a try, good luck.

Of course it will seems like it is no more accessible so any means in trying to retrieve it, you will check it out. I don't know how that site/service works but I hope it really does because it can help many people here. But to prevent this unfortunate incident to happen to you, always have a back up like printing your password and keep the documents secure. This can be difficult and looks unnecessary but better safe than sorry.
This is the software‘s FAQ,I just copy a few of them,maybe it can help you to know its operating principle

How does Bitcoin Recovery work?
Bitcoin Recovery’s operation including comprehensive combination of passwords, covering all possible elements in a password (upper/lower cases, numbers / special symbols) to avoid missing out any character. You need to generate a list of potential password phrases based on your best guess for your password,and decryption is based on the rules you set up,the computer will combine all the characters you selected in a certain order,then it can create a highly optimized multi-threaded program to perform the brute-force decryption until it succeeds,the better the computer's CPU(with as many cores as possible),the faster the decryption.