How "dumb mistakes" can lead to costly bitcoin losses
It's great that bitcoin gives you the power to "be your own bank", with almost zero fees and full control over your finances. But even banks discover sometimes such power can backfire. Nothing can stop human error, technical glitches, human nature or a combination of all three from wreaking havoc on the balance sheet. But bitcoin is also like a pocketful of cash. Like that time you shelled out $100 instead of $10, or two bills instead of one, a simple concentration lapse can see exponentially more bitcoin leave your wallet than you'd intended, never to be seen again. The difference between....
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Crypto continues to wax strong as more investors come into the market. Like with any investing, crypto investing comes with its own unique problems. And investors are wont to make mistakes where there is money involved. A recent survey on CryptoVantage has shown the most common mistakes made by investors in the market. The survey […]
Mistakes: Interview with the Man that sent 800 BTC to Mt.Gox. Quite recently, a man that goes by the Reddit handle of TheDJFC, mistakenly sent 800 BTC to the same address which he sent 300 BTC earlier this year. At current prices, this sums up to around $688,600 for 1100 BTC. The man has evidence to back his story up; transaction can be seen on the blockchain. He reached out to the Bitcoin Community over at Reddit, making a post about it to see if anybody could help him out, seen here.