Have You Ever Lost Any Of Your Cryptocurrency?
Have You Ever Lost Any Of Your Cryptocurrency?
The world of cryptocurrencies offer a unique challenge for a lot of people who want to improve their finances but don't exactly enjoy diving deep into this domain.
It's usually complicated for the noob. There's a lot of cognitive load on most users to perform simple tasks such as managing their wallets, private keys, sending and receiving cryptocurrencies, long-term wealth succession planning etc and it does create a lot of confusion.
Especially when our goal is to maximise profits and minimise risks. However, we are probably doing it right 99/100 times but an error or two occurs every now and then. Also, many we may lose access to our keys due a hard drive failure, theft of our devices amongst other real world issues.
But today let's do a quick multi-choice poll and see what Steemians have to say about their loss of funds.
- ICO Investments
- Forgot or misplaced your private keys
- Exchange or wallet hack
- Investment in Shitcoins
- Investment In Ponzi or MLM type scam
- Allowing someone to manage your investment
- Lost keys due to HD failure or Theft
Answer the question at dpoll.xyz.
Lost too many due to exchanges
yes cryptopia exchange down now!
Kraken, Cryptcy, btc-e, wex
Actually all my investment has been done by my son,so I have no idea about the loss.
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Lost keys and wallet access due to my laptop being stolen and a backup hd crashing in addition to copytrack ICO going bad.
Frankly... In 2017 I played around a little with all kinds of stuff in the crypto-realm. Thankfully never on the level of affiliation-marketing. I was lucky tho. Besides the fact that most of these more shady investments underperformed compared to Bitcoin price movements in 2017 I havn't lost any $ value. What was a goner was just the "free money" I accumulated in these things once I had my initial investment out again. I learned that most of the time these things only work good if you are willing to shill and make money from affiliation links and so on. I didn't want to pull others into my gambling with these things and I'm happy that I didn't do that. For me it's all about constant growth without harming anyone. So I do the - to some boring - but still IMHO very effective DCAthing. Like clockwork I DCA into Bitcoin every week and I will power up in STEEM every now and then. All the other things you mentioned thankfully didn't happen to me... so far.
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Forgot to save private key
How to live?
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