3.7 million Bitcoin are simply vanished into thin air.

[robelneo]

What do you do to avoid such an incident? Do you inform your family about your accounts and the associated keys, passwords, etc.?
Do you use several storage options to secure your keys? Or are you the one who believes in eternal life and Covid-19 and other diseases would only hit others, never you? Are you just lazy and want to do that later?
Or haven't you even thought about it until now?

I experienced losing a private with a small amount of Bitcoin on it, I want to move forward from that bad experienced but the thought that those Bitcoin will grow to a lot of money is something stressful to think about, but what can I do it's something that happens without your control, but it made to be very careful on my private key.

[Jacky]

Is it real? Wow, if think about the amount, it may be feeling so dizzy because of it. Additionally, many new coins are upcoming and this may always happen. And about that amount of BTC, will they be successful in doing the job and we can see the future really for bitsin

[Aristos]

What I always did is writing them in my private note and let my brother knows about it just in case something negative will happen to me.

[robert20]

Yes everyone it is very important to keep security keys very securely. Because if you lost it you will never get your access back to your account. So every one should keep it very securely regarding its importance.

[krypto4uvak]

Unfortunately, my family does not know well what cryptocurrency and blockchain are, if I leave them my passwords and private keys, I think they are unlikely to be able to deduce them.

[Herry]

Really brother I was surprised after seeing your topic. Because 3.7 million bitcoins have been lost. What would I do if this happened to me this summer? I haven't thought about that yet. But I will keep at least one of my trusted people to keep my private key or password safe. Because it is not possible to say what happens when. If something happens to me. So that my family can access my bitcoin wallet.

[Cryptoz]

It has been a classic matter and always a big problem to many Bitcoin holders. I also read some news about losing their private keys, passwords, PIN, and also other crucial data. We know that losing them means that we don't have the money. So, be patient an make it as one of our good lessons

[Triedboy]

There are many bitcoin holders who forget their passwords so many of their BTCs get stuck. I have heard such incidents on social media a lot of the time so all the holders should have their passwords and the backups should be stored on a good device. Many times again many bitcoin holders are dying but all the holders should share something with their family then they can be found back.

[yetti]

There are many bitcoin holders who forget their passwords so many of their BTCs get stuck. I have heard such incidents on social media a lot of the time so all the holders should have their passwords and the backups should be stored on a good device. Many times again many bitcoin holders are dying but all the holders should share something with their family then they can be found back.

that's the advantage of bitcoin, the more people forget to access their wallet, the fewer bitcoins in circulation and the bitcoin supply will be close to the maximum so this will have a good impact on the price of bitcoin, which of course will make the price even more expensive because the more people want buy bitcoin.

[vitek146]

For users who misplace a wallet or key, the process can be overwhelmingly frustrating. However, the misplacement and potential loss of 20% of all BTC tokens should have little effect on the broader cryptocurrency industry. Bitcoin is easily split into very small denominations, unlike fiat currency. This allows for loss of a sizable quantity of BTC without an overall impact on the currency itself. Even given that miners are approaching the final BTC, the rate of loss of tokens can continue for years without there being any sort of impact on the functionality of the coin. Indeed, even if there were very few individual tokens, the protocol for how BTC can be divided could be adjusted to facilitate its continued functioning. Of course, this doesn't help those people who have lost their tokens.

[kent47400]

3.7 million Bitcoin lost just like that is a testament to the ridiculousness of our life for such a valuable asset.
I think that person will just hate himself and that really describes himself with sadness.
If this happens to me then I will only realize myself if it is an act which is very not imitated.

[Freemind]

It is a huge amount of lost Bitcoins, and many people who have lost hard drives, pen drives, other memory devices and in many cases also passwords. When you see news like this, it is normal to remember backups at different levels to prevent this from happening again, but most people don't learn.

[Beattysuhita]

A very large amount for me, and of course the person concerned suffered a big loss. This is a warning for us, how important the key is to enter our wallets. Don't lose it, and keep it in a safe place.  Make sure your assets are maintained and under control.

[jonathancool220]

From the very beginning, Bitcoin was created if only those who could send Bitcoin were those who had the private key.
If they don't have the Private Key or it is lost then don't expect that they can get the money back in Bitcoin.
This warning has been created since Satoshi Nakamot first designed Bitcoin and this should be a lesson for all of us so that we don't lose the private key.

[Noverteno]

Back in 2017, there was information about more than six million lost bitcoins. By now, there are probably more than eight million. This number will continue to grow over time. And there is nothing we can do about it. People will always lose some of their bitcoins and other cryptocurrencies. The high price of bitcoin will not save from this either. This is the peculiarity of cryptocurrency. We are fully responsible for any actions with cryptocurrency, including for any possible errors when working with it.