TALES FROM THE CRYPT: 10 blockchain and bitcoin horror stories for the ages

in blockchain •  4 years ago 

Imagine you are working hard to build a blockchain company or invest your life in a cryptocurrency like Bitcoin, only to realize the news that your country has banned cryptocurrency trading.

From Elon Musk who lost his only Bitcoin, to your average daily Redditor being out $ 40,000, to Peter Schiff claiming his “wallet no longer knows the correct password”, to Wired Magazine's lost $ 100,000 in bitcoin, all point to digital money owners - including the smartest - has seen their cryptocurrency disappear, through accidents, misfortune or stupidity, forever.

The size of this cryptocurrency grave? Every day, around 1,500 Bitcoins - or $ 20.6 million USD at the time of writing - are lost, according to Cane Island Digital Research analyst Timothy Peterson, based on his company's research.

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