Post
Topic
Board Beginners & Help
Re: A little ignorance and you can lose all your holdings
by
pawanjain
on 25/02/2024, 16:53:13 UTC
I came across the post on Reddit about a guy that took this hard drive that he stored his bitcoin to a data recovery specialist to fix it, who told him that his 276 bitcoin has been stolen, wait a minute how, his hard drive was bad and gave it to you to fix it and then you told him it was stolen.
It's a shame how people would still act so unwise with their holdings, I know its not his fault that his hard drive got bad but at least he should have taken some measures to secure his holdings, and now there is no proff that the so called data recovery specialist was the one who stole it or not.

Lesson learnt: always be smart about your holdings, cyrpto currency by nature is so easy to steal if someone has access to the right things, it's just like giving a brief case containing your documents to your properties or maybe a million dollar to someone to open it for you and when he does what happens, do you expect him to be honest about it, although for now we are unsure it was stolen by the specialist but all arrows lead to him.

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

It's a very common scenario that can happen to anybody using a laptop or a PC and there are two simple solutions to overcome this problem.

1. Buy a new hard drive and transfer your data to the new drive (expensive solution)
2. Restore your hard drive but before that transfer your BTC holdings to a different bitcoin address which you haven't used in your hard drive.