What if someone lost his Bitcoin wallet?

[Wanderdark 2178]

There are already tons of lost cryptocurrency wallet throughout the world. Since the lost wallets are irrecoverable without the private keys, it is very important to store the keys in a safe place. Personally, I write them in a piece of paper. I never take screenshots or photos of the keys because they are not safe in the digital environment. 

[Mamba79 682]

Friend as long as you have your private keys, all your assets will be safe, but if you lose your wallet because of any situation that may occur and you did not have your private keys, there will be no way for you to recover the balance of your assets 

[Joseph J 608]

Nothing would happen if someone loses their Bitcoin wallet. With a new device you can recover it again as long as you keep your 12 recovery words well and the private keys of the wallet and the personal log-in key without that friend it is impossible to access the wallet and goodbye to your Bitcoin.

[MS SOFIA 254]

on the off chance that somebody loses their wallet since they failed to remember their secret word,

I figure they can at present be fixed. however,

in the event that for instance they store it in an equipment wallet and the record is lost since it is put away on the hard circle or a lost PC, it can not be reestablished on the grounds that there is no online access. be that as it may, I don't figure anybody would do a particularly inept thing, since significant resources are positively very much kept.

thanks for your post...

[Robert William 590]

If a bitcoin wallet is lost, it can never be recovered, as if it had been burned. That's not entirely true, it can't be recovered if the owner doesn't have the private key to test it, the bitcoin in the wallet is still intact and is on the blockhain network

[Burlin 230]

It is smarter to keep the data of the wallet in a protected organizer, for example, the secret word and data and keep it in an outer stockpiling memory. In the event that you lose that data, you can contact the help group that will help you in restoring this wallet however you will require some time,

[Ameralsamt 2558]

It's very bad, my friend, if this thing happens with you you're really in trouble, it's bad to lose such important information, you're now losing all your money that was in that wallet, I wish you quick compensation. 

[Abideen 659]

On 12/22/2019 at 11:54 AM, SuperCrypto said:

A question arises in my mind that if a person lost his Bitcoin wallet, he would not be able to return it again, so how much Bitcoin was lost for this reason, and it cannot be used again. Given that this currency lacks any tangible physical presence, unlike other monetary currencies that are controlled by banking banking institutions, bitcoin is not controlled by specific persons or entities other than its users.
If lost, it can never be recovered, as if it had been burned, right?

Yes once you have lost your bitcoins wallet, It will never be recovered. That is why it's advisable to be concious of what ever you are doing on the forum. Concious in the sense that, be careful of scammers, always follow the rules guiding the forum to avoid your account been blocked and so on.. you are welcome

[jnbezchess 1066]

On 12/22/2019 at 12:54 PM, SuperCrypto said:

A question arises in my mind that if a person lost his Bitcoin wallet, he would not be able to return it again, so how much Bitcoin was lost for this reason, and it cannot be used again. Given that this currency lacks any tangible physical presence, unlike other monetary currencies that are controlled by banking banking institutions, bitcoin is not controlled by specific persons or entities other than its users.
If lost, it can never be recovered, as if it had been burned, right?

@SuperCrypto  when you lose the password of wallet or the wallet app  you can recovery your bitcoin by the private key .so the private key is the most important thing you mustn't lose it cause you will lose your BTC.

[Siam50 923]

If someone loses their Bitcoin wallet then Bitcoin is no longer available in this wallet.  We get BTC through cryptocurrency post and deposit the coins in personal wallet.  So always be aware.  Privacy must be maintained.  Do not provide any personal information.  Use strong passwords for security.  Awareness can solve all problems.

[abohasnn9 2401]

My friend, to check this matter with someone, he will not be able to enter his wallet again, so the private key of the wallet must be well preserved and keep several copies so that your right to enter your wallet is not lost again and you have many cryptocurrencies lost in the Internet that no one can access Thank you

[Naylor89 1223]

If you lose your wallet, You can access the contents of your wallet with a private key or the seeds from the software in which you made the wallet. But if you lose the seeds or private key, those bitcoins will forever remain in a filthy space until one day someone can find the private key or seeds by chance.

[Oki 675]

If someone loses their wallet, I don't think that person will get their bitcoins back. Bitcoin will be lost and no one will be able to access it. Therefore, wallet security is very important and should not be lost. This is a basic lesson when we enter the world of crypto and we have to be very careful.

[Adam786 560]

If we lost our bitcoin wallet we cannot recover it if we delete our wallet app then we can login our account by using the private key but if we lose the private key then there is no chance of the recovery of the wallet. Therefore we should be careful about that otherwise we will lose our money.

[susan8929 811]

That's right, if a person loses their Bitcoin wallet, they also lose their Bitcoins, unless they have a copy on another device, not just one.
Currently, there are a large number of Bitcoins lost that way, because the owners lost access to their wallets and therefore can't get their money back.

That kind of security is one of the main features of Bitcoin, which allows you to manage your own money, but you also need to be more responsible and careful not to lose your money, especially when it comes to cold wallets.

[FARISOKTAV 970]

You are right. If you lose your private keys and lose your access to your wallet, then your funds are gone as if the bitcoins in your wallet are burned. There is no way of coming back from such thing so everyone is advised to take care of their private keys and store them in very safe places.

[Aliraza2 318]

It is the chance if you loss bitcoin from wallet, I am new and i don't have any amount in the wallet so i don't face this type of problem so keep your password strong and avoid to share others. 

[Hanbal 359]

On 12/22/2019 at 2:54 AM, SuperCrypto said:

A question arises in my mind that if a person lost his Bitcoin wallet, he would not be able to return it again, so how much Bitcoin was lost for this reason, and it cannot be used again. Given that this currency lacks any tangible physical presence, unlike other monetary currencies that are controlled by banking banking institutions, bitcoin is not controlled by specific persons or entities other than its users.
If lost, it can never be recovered, as if it had been burned, right?

I consider this is the doenside of bitcoin despite it came with lot benefits if for any reason one happens to lost his or her bitcoin that is the end, and you can never recover back your fund because bitcoin is decentralize i believe many people have lost their bitcoin in their private wallet and you have no who to complaine to .

[TheCrow00 70]

I think it should be clear that just as in the real world one cannot be leaving their physical wallet anywhere or lending it to anyone, that is how important your bitcoin wallet is, which is basically the same but digitally so When creating a new portfolio, the most important thing is to keep your private key under lock and key, which will be the only way to recover your portfolio and the funds that are in it, I think it is something to take into account when you are starting out in this world. know well how a portfolio works and what are the dangers that one gets when having a portfolio for cryptocurrencies

[Harbeeboullah 428]

Bitcoin wallet is very hard to be deleted but once its deleted it can still be recover back using the security private key, and am sure their are procedure that when you follow you will get your lost wallet back

[Pranto1 40]

You can't worry about any closure as long as you have your personal keys on your wallet. If you crash your computer, you again download another computer and open the application again or you simply insert your personal key.If you make your hardware device or mobile phone mistake, you can protect your coins by sweeping. This involves transferring an address listed at your wallet in your wallet. By doing so, the balance of old wallets simply only knows you only a key pair.

[Jonson Smith 343]

I would say that online wallets cannot be lost but wallet addresses can be forgotten.  You don't have to worry if you lose your wallet address, because it's your universal key.  When you create a BTC wallet, the service provider will give you the personal key and seed phrase.  The seed phrase is what you need in this situation because you can easily recover your wallet and your funds with it.  If you forgot to get your seed phrase or lost it, there will be no way to access your wallet again because Bitcoin wallets cannot be hacked by anyone!  Keep private key / passphrase.

[Bruno52 1141]

I think that nothing can be done about a lost bitcoin wallet that is why we need to be careful with our wallet passwords and usernames because this information is vital.

[HasFahd 500]

Loosing our Bitcoin is Avery bad thing and also an unfortunate thing, if we forget the details of our exchange we can easily recover it through the exchange by answering one to two questions, but if we mistakenly send to other a wrong address am sorry it not traceable and it gone for life

[Lokeloke 576]

1 hour ago, SciBoy said:

If someone lost his wallet then all their money in that wallet is vanished. If they set recovery email they'll be able to recover their wallet but if they can't all their money is gone. 

There are some wallets that are controlled by the owner of the platform in which you can press the forgot password button if at all you lost them or forgot the password, but there are some decentralized wallets for example the trust wallets that users owns everything to the account and it generate those 12 access characters/world (forgot what we used to call it), and if those twelves are lost too then forget the account immediately