Since after the COLDCARD incident I’ve also sat to think about how the victims are holding up, to be very honest I’ll say losing those bitcoins will be much deeper than the monetary value Wch is attached to those coins. Some represent hope, assurance and confidence Wch was lost in just a moment.
I am sure this person took years to accumulate this 2BTC that he lost and he believed he was holding something that couldn’t be taken away from him easily. since it’s bitcoin, we all believed it’s the most secured in term of edges again inflation. Now losing those coins will just mean losing his future at once and that’s very unfortunate.
I’ve read so many heart touching story coming from this incident, a lot are actually broken ant this moment and lost trust in bitcoin and I cannot even blame them. It’s painful when disappointed by what you’ve trusted all your life.

From what I read he was really just questioning how he could lose it all after following the text book guidelines that everyone will give for securing your assets. It's one thing to make a silly mistake and suffer a loss for it, another to do the right things and still suffer one.

It is that, you're losing years of hardwork stacking to build your portfolio and the potential value it could have become down the line.

Actually, the Cold-card incident basically brought the phrase "invest as much as you can afford to lose" back into a stronger position. Otherwise, Bitcoin is the strongest currency and at the same time, the security of its network is very high. Then why are these phrases also used in connection with Bitcoin investment?

However, I would like to say here that in every investment, people do it with their earned money, and of course there are many stories hidden behind the earning of money, so it is not only about losing Bitcoin that one feels different, but also about facing such losses after losing one's own hard work and time.

I have my own uncle who, after working in the government, kept all his pension money in a local bank just because of the high interest rate, but later realized that the bank had scammed them before the maturity of his deposit. It has been many years now and he still has not received any decision on it and it does not seem that he will get it in the future, in his case too, the same thing happened, he lost all his hard work in one place.

Anyway, finally, I would say that we should never "put all our eggs in one basket", so that when the basket is hit, all the eggs will break together. So in terms of our investments, there should be diversification of assets, I think, gold, land property, Fiat currency and as well the stable currency and also the Bitcoin, we should balance everything and then hold the asset.

For him to actually say that, it means he lost something more than the coins. I believe he is someone who has solid knowledge of Bitcoin since he has been investing for years. So what I will say is paining him is the years, months, weeks, days, and every second he put into accumulating Bitcoin. So he lost the reward for his discipline, patience, and consistency. Those are the emotional factors. That is what he actually lost.

He voiced that distrust in Bitcoin because his emotions are talking. I get it. It's a huge loss. I too would feel it. But such is life. Bad and good are always there.

Losing Bitcoin is same as losing an investment you have taking time to build there is no drama to it, if you lose Bitcoin you lost your funds regardless of the amount, you lost the time put in, you lost your effort.
I have not seen Bitcoin as an escape from inflation, it may seem that way until you really experience the volatile nature of Bitcoin because you can't actually use Bitcoin as a stable currency.
With Bitcoin we act dramatic because what else do you think someone who lost Bitcoin would be losing. It's same as someone losing his goods to fire or any other unforseen circumstances.

8 years is not a short time, he also missed the previous cycle where at the time of high prices and more confident to stay HODL because he believes the highest record will definitely be broken if longer hold.

Now it's just gone over the Cold Card vulnerability... all users of this device are already pouring out his disappointment and sadness on many social media platforms.

A person also loses 1 bitcoin that has been built up over the years using the DCA strategy method... he also knows using Multisig is much safer, but he believes the seeds generated from the device will not be easy to guess... Now it's happening.
[1] https://www.reddit.com/r/Bitcoin/comments/1vdjlls/i_lost_my_one_bitcoin_in_the_coldcard_exploit/

Reminder: that security is indeed much more important than continuing to discuss investment strategies.

Those phrases are used to reduce the effect of emotional attachment and distress in cases of volatility and in such cases as this but we can all agree that accumulating what you can afford to lose over a long period of time becomes a huge sum of money.

And eventually when faced with this kind of situations you begin to question why you didn’t just use it for your discretionary spendings; a family holiday, a trip with a loved one, one expensive shit or the other would have been better than losing it to a totally unworthy fellow.

At least we could have shared more in his pain if we know how he lost those 2BTC, but the saddest thing to experience is losing your bitcoin not to market crash, but to lost unexcahged manner, and from the look of things in recent times we have hard alot of wallet drains that have left many bitcoin investors in a devastating condition.


Most people accumulated bitcoin through DCA which takes them a long period of time and memories attached those those bitcoin accumulated, losing it just like that hurt's alot and is something I will never wish to experience that is why we need to take security serious.

It feels like you lost more than money when you understand what Bitcoin stands for. Others see another currency when they look at Bitcoin but you see more than that because you see the potential in Bitcoin. Chances are too that you might lose motivation to invest furthermore after all your efforts has been for a waste. Bitcoin isn't just money but an asset and an asset is something that brings money into your hands and that's exactly what hodling Bitcoins does for you. If you were to lose your investment in Bitcoin, you have lost your stake in the future and not just the present profits that the market can currently offer you and that's why Bitcoin is so precious and rare.