Post
Topic
Board Bitcoin Discussion
Re: The effect of increases in the loses of Bitcoin
by
Zaguru12
on 08/08/2024, 16:07:31 UTC
But the question is: what will keep making people lose access to their wallets? Won't they learn how to protect their assets? And if such things keep reoccurring, do you think the common people who will want to start using bitcoin will feel safe holding it?

I think this is seriously a question that will remain unanswered because of the multiple conditions on it. First off, most of this coins are not done out of carelessness, some are of lack of proper knowledge and then we have the biggest amount of loss which is due nature, either the owner lost memory of where the offline back up is before natural or due to health conditions or probably he dies while not been able give a trace to the recovery seeds place. Most of these things are things I don’t think can be changed, luckily it adds to other value.


A minimal and basic knowledge on Bitcoin can save a person from lossing his/her portfolio, it will be much disastrous if the portfolio has been grow into a full size. Knowledge on where and how to hold is essential in other not to be victimized.

Although the possibility is very hard but I don’t considered that been lost in totality because there is a faint chance that the address can be generated by someone else or probably someone else has the address generated already and has access to the keys belonging to it, but the possibility is just too small.