Author Topic: Blockchain and lost bitcoin  (Read 31 times)

Offline johnst2

  • Newbie
  • *
  • Posts: 20
  • Karma: +1/-0
    • View Profile
Blockchain and lost bitcoin
« on: January 02, 2018, 01:18:04 PM »
Blockchain is a digital log profile of cryptocurrencies and was first conceptualized in 1991 and was first used in bitcoin. On the other hand, Bitcoin (a cryptocurrency) was first used in 2009, and is continuously growing, and to be able to send and receive bitcoin, one must have a bitcoin wallet.
My question is, is it possible that bitcoins can be lost on your own bitcoin wallet? If that so, can it be traced on blockchain? Can it be still recovered?

Offline Bob von Crypto Karma

  • Administrator
  • *****
  • Posts: 57
  • Karma: +102/-0
  • Forum Owner
    • View Profile
Re: Blockchain and lost bitcoin
« Reply #1 on: January 02, 2018, 05:25:07 PM »
If you lose the keys to your wallet, your bitcoin  are gone for ever.
There is nothing to identify you, the individual, to those bitcoin other than your keys.
Want to advertise on this forum? PM me for further information.