Bitcoin critic and famous crypto skeptic and gold bug Peter Schiff claimed on Twitter that he has lost access to his Bitcoin wallet and that his password is no longer valid. Peter Schiff added that his BTC is now intrinsically worthless and has no market value. He also added that “I knew owning Bitcoin was a bad idea, I just never realized it was this bad!”

References:

Peter Schiff Says He’s Lost His Bitcoin After Wallet Freeze-Out


https://geekymint.com/2020/01/20/bitcoin-skeptic-loses-his-btc-wallet-password-says-crypto-investment-is-a-bad-idea/


https://u.today/vitalik-buterin-sides-with-peter-schiff-claims-crypto-wallets-need-better-security
Hardware Wallet Recovery Seeds Explained
https://www.thecryptomerchant.com/blogs/resources/hardware-wallet-recovery-seeds-explained
What to do if you wrote your bitcoin backup recovery seed incorrectly.
https://support.bitpay.com/hc/en-us/articles/115002990763-I-Wrote-Down-a-Wallet-Seed-Backup-Phrase-Word-Incorrectly-What-Can-I-Do-


Number of Lost Bitcoin BTC
https://coinsutra.com/how-many-bitcoins/———
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16 COMMENTS

  2. As a boomer myself,I can understand how daunting storing your crypto on a hardware wallet can be. Password,recording your 24 word recovery phrase. I personally recommend purchasing a hardware wallet,ledger or trezor and watching a few you tube channels on how to operate it.
    One thing I noticed while watching these you tube channels giving information,they all showed you how to turn it on,record your recovery phrase,then installing some crypto. My advice would be to follow the instructions and get it working,have your recovery phrase on hand. Then transfer a small amount of crypto to your ledger. Then put in the wrong password 3 times. This will force you to either start again or use your recovery phrase to access your wallet .
    It’s peace of mind knowing that you had to use your recovery phrase to access your crypto,and that everything is 100% correct. I am telling you from experience,if you need to use your recovery phrase ,it’s a very stressful,all these thoughts go through your head. Shit I hope I wrote everything down correctly,put them in the right order,etc. Better of to do a self test with a couple of dollars first,rather than wait until all your crypto is on there and then have to use the recovery phrase.
    Hope this little bit of information might help,as I wish I had done it before putting my crypto on my ledger then having to use my phrase.

  11. I am getting sick of hearing Peter Sniffass name. If he is too dumb to see where Crypto is going then why does he not piss off and invest in Atari computer stocks like a retarded old man, and stop leaving bitter comments about Crypto (as the loser lost his). I do agree with him that BTC is a speculation, slow, expensive, useless and pump dump coin, that uses half the world's energy. However, if he had any sense he would see that XRP and Cardano are 1000 times more advanced and superior than BTC and that these will have real life use case in Blockchain.

  12. Obviously trolling as you can regain the BTC with a seed phrase or parse the wallet file from the corrupt wallet folder and rebuilt. He is just a complete ignoramus when it comes to technology which is further corroborated by his stupidity towards BTC, boomer goon!

  14. Nothing happened to Schiffs password he just posted that to scare off potential investors to be scared to invest in btc and instead invest in his shitty gold. He is mostly trying to scare off older investors. Schiff is a snake

  15. Lost my password to my cup of coffee this morning. Coffee is corrupt for sure, lol. It is amazing the lengths people will go to disapprove something or at least create false information and misconseptions to the sheep of the population. Anyways amazing work as always!

Comments are closed.