Post
Topic
Board Beginners & Help
Re: How I waste bitcoin
by
Z390
on 12/07/2023, 11:20:29 UTC
Early 2011 most friends of mine are into cryptosystem and I barely know what it is about, I only hear the name bitcoin and one day a friend of mine said, I should provide N100k to buy bitcoin and I was like what if my money lost and he gave me assurance; no lost as long your wallet is intact and after much pressure I gave him the money, open a wallet for me and hand over everything but I was care free not minding that's a great investment then, one day I lost my device and that's how I lost the seed phase and the wallet. Am imagining if I could have recover my wallet today, I will be a big boy with fat wallet. Do you think another person have access to it?
1. Never, ever allow anyone to create a crypto wallet for you, he must have seen your recover seed, I am not saying your friend can't be trusted but he can be tempted too, what makes you believe that your Bitcoin is still sleeping in the wallet? It will be good for him that you don't remember the seed anymore and maybe he does.

I am talking from experience,  crypto wallet was not meant to be created by someone else even if they are family, it's private.

2. Never invest money in something you don't know, you are care free because you don't even understand what you are buying and that is one of the reasons why you lost your recovery seed, you don't believe in it and you still gave up 100k for it, how stupid of you? Maybe if you did your own research you would understand that Bitcoin could worth a lot in the future.