Post
Topic
Board Beginners & Help
Re: A little ignorance and you can lose all your holdings
by
Kelward
on 23/02/2024, 14:23:34 UTC

I think people should get more educated about bitcoin even before teaching them to accumulate it cause if they are not careful they end up losing it and think about losing 8 years with of accumulated bitcoin just for a ignorant decision like this.

Here Is a link to the post on Reddit.
https://www.reddit.com/r/Bitcoin/comments/1as7agq/bitcoin_core/?utm_medium=android_app&utm_source=share

Ignorance is a plague that people should purge themselves from, because it's really sad and foolish when people make avoidable mistakes, something that what it takes to learn is not far fetched, it's a pity that the guy in the story had to lose all his Bitcoin because he trusted so easily, now he doesn't know if it's the recovery guy that stole it or not. Lesson from this story is that it's not even safe to store our sensitive information online, because hackers are devicing means everyday to gain access into people's private information.

Fact is that wallet seed phrase that is stored offline is the best because there'd be no chances of your device being hacked and the information in it to be stolen, imagine the guy losing all the Bitcoin that he's been hodling for years because he didn't do the right thing. It's important that newbie investors in cryptocurrency should learn simple tips on how to protect their coins from hackers.