Have you ever made a mistake that resulted in the total or partial loss of your crypto assets?
Personally, like many people at the time, I stored my secret key in a file on my PC... which I accidentally deleted. I lost everything.
Have you had other similar experiences?
Personally, like many people at the time, I stored my secret key in a file on my PC... which I accidentally deleted. I lost everything.
Have you had other similar experiences?
I think no matter how care free you may be pertaining this, you will most likely fall victim of this circumstances and otherwise become an accident. I was also in this situation and have lost hope already but what saved me was the fact that i sometimes write down some reasonable key password and that's how I was able to recover that assets.
Everyone can be careful and try their best to keep important wallet information so as not to experience accidents. Our ignorance regarding the risks that we are very likely to encounter makes people easily underestimate small things. This leads to carelessness. After the loss, they will feel regret for losing all their assets. Hopefully, they will become more concerned about this.
That’s why veterans always preach redundancy and diversification of storage one backup is never enough because if that single point fails everything fails safer practices mean splitting storage across hardware wallets paper backups and even metal plates that survive fire or water damage some go further using multisig wallets where access requires more than one key which lowers the risk of a single accident wiping everything people even store backups in different geographic locations to protect against natural disasters or theft,But beyond the technical side there’s also the mindset side people often underestimate the risk because they think it won’t happen to them until it does ignorance breeds carelessness then comes regret and after regret usually comes discipline once burned most never take key management lightly again they create detailed processes they rehearse recovery steps they warn others to avoid repeating their mistakes in a strange way the loss teaches a level of responsibility and awareness that becomes priceless later on in the crypto journey.