Post
Topic
Board Beginners & Help
Re: A little ignorance and you can lose all your holdings
by
teamsherry
on 06/03/2024, 23:12:10 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.


Well, I'm just wondering why for 8 years in crypto they never know what is the best thing to do in order to secure their funds. For that long, I don't think they are still a newbie and unaware of the market risk and hacking incidents. They are not ignorant, they are too unlucky to be a target of hackers because even old-timers sometimes make mistakes.

This is the reason why we should not store our money in one address but rather spread it. That scenario shows us how important is to not just set aside our fund's security but instead, make focus on it and ensure that it is safe at least 99%. Otherwise, we give these hackers easy access to our wallets. 

I guess you didn't read through the topic, OP said he wasn't scammed but lost his holdings out of carelessness to a data recovery specialist due to his hard drive that stored his seed phrase was bad, so the whole thing here is either the story is fake or the data specialist somehow knew that he had seed phrase stored there.

Yes that guy has been too old in bitcoin to be less knowledgeable about security and most of all he was a minner, doesn't the whole tech thing means you should know some basic things, I don't think a minner that only in Bitcoin with over 273 bitcoin would be that careless to store his seed phrase in only one hard drive without no alternative.