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#201 2023-07-05 16:55:58

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 1,681

Re: what happens if CRP is lost

Lanistergame2;17842 wrote:
Comrade;17831 wrote:

Users should ensure that they always log off their account while also their account should be stored in a offline container, and to users using browser software should be aware that browser save passwords and credentials which also can be read by hackers.

I do not log off when I am not on the forum. I have uTalk bookmarked on my browser to make it easy to visit the site anytime I am looking to learn more.
I do prevent my browser from storing any personal information about me to protect my privacy.

Preventing the browser from storing your logging detail is a good idea. Not logging off on your most browser has it advantage of easy and direct surfing of account and on the other side it can as well lead to forgetting of password.

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#202 2023-07-05 17:48:55

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,071

Re: what happens if CRP is lost

There should be means to keep one’s password safe offline, even if it’s writing it down in a secret space Incase one forgets it while going on and off the browser. Because once an exchange password is forgotten the coins are lost too

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#203 2023-07-05 18:05:38

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 1,681

Re: what happens if CRP is lost

JONSNOWING;17863 wrote:

There should be means to keep one’s password safe offline, even if it’s writing it down in a secret space Incase one forgets it while going on and off the browser. Because once an exchange password is forgotten the coins are lost too

You right, Such precautions practices can actually guarantee a retriever of account despite haven't logged in more than decades. Its also helps in preventing one from opening multiple accounts when one already have one.

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#204 2023-07-05 18:27:44

MRBEAST
Member
Registered: 2023-05-22
Posts: 410

Re: what happens if CRP is lost

Comrade;17869 wrote:
JONSNOWING;17863 wrote:

There should be means to keep one’s password safe offline, even if it’s writing it down in a secret space Incase one forgets it while going on and off the browser. Because once an exchange password is forgotten the coins are lost too

You right, Such precautions practices can actually guarantee a retriever of account despite haven't logged in more than decades. Its also helps in preventing one from opening multiple accounts when one already have one.

It's actually very easy to not lose CRP crypton, one if you protect your details and private key properly and you always check to send CRP crypton to the right address you are going to be okay.

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#205 2023-07-05 18:27:51

Crpuss
Member
Registered: 2023-06-16
Posts: 234

Re: what happens if CRP is lost

The idea of writing offline can have risks too, what if someone already familiar with cryptocurrency comes across it. Is it possible to access just a password and hack an account with it without knowing the browser details ?

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#206 2023-07-06 18:13:35

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,071

Re: what happens if CRP is lost

Writing offline shouldn’t be handled carelessly, it’s to be kept in a secure and safe nylon place where it won’t easily get damaged. I know some crypto holders this saved when they can’t remember their password

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#207 2023-07-06 18:15:35

Crpuss
Member
Registered: 2023-06-16
Posts: 234

Re: what happens if CRP is lost

JONSNOWING;18050 wrote:

Writing offline shouldn’t be handled carelessly, it’s to be kept in a secure and safe nylon place where it won’t easily get damaged. I know some crypto holders this saved when they can’t remember their password

You are right mate, it’s best to be safe than loss all one’s savings at a go. I remember when I once lost all my coins in my wallet as a result of forgotten password. This idea would have come in handy if it were to be then

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#208 2023-07-06 20:39:11

Kelechi
Member
Registered: 2022-12-25
Posts: 2,302

Re: what happens if CRP is lost

In case of lost CRP crypton I don't know if Utopia p2p has any provisions for the lost CRP crypton to be recovered.

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#209 2023-07-06 21:31:36

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,404

Re: what happens if CRP is lost

Kelechi;18091 wrote:

In case of lost CRP crypton I don't know if Utopia p2p has any provisions for the lost CRP crypton to be recovered.

No in the first place it's not possible there is actually nothing Utopia p2p can do interms of lost CRP, that's why you have to be very careful in cryptocurrency in other to prevent such things from happening.

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#210 2023-07-06 21:50:33

MRBEAST
Member
Registered: 2023-05-22
Posts: 410

Re: what happens if CRP is lost

Why would anyone lost their CRP crypton in the first place, it's actually very hard to lost hkur CRP crypton because the ecosystem on it's own is very secured and properly arranged

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#211 2023-07-06 22:19:54

Detroit
Member
Registered: 2022-12-27
Posts: 1,475

Re: what happens if CRP is lost

While securing your funds and backing up your private keys properly is a vital part of investing in bitcoin or cryptocurrencies in general, this is often.

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#212 2023-07-06 22:51:51

MRBEAST
Member
Registered: 2023-05-22
Posts: 410

Re: what happens if CRP is lost

I think the only places where CRP crypton can be sent to is to uWallet or CRP crypton exchange so the options are limited and I don't see how you can actually lose your CRP crypton

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#213 2023-07-06 23:40:13

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,071

Re: what happens if CRP is lost

The best advice is to always becareful and always calmly deal with coins to avoid being in the situation of loosing a coin, this way one won’t have to worry about a lost coin

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#214 2023-07-06 23:43:05

Crpuss
Member
Registered: 2023-06-16
Posts: 234

Re: what happens if CRP is lost

JONSNOWING;18216 wrote:

The best advice is to always becareful and always calmly deal with coins to avoid being in the situation of loosing a coin, this way one won’t have to worry about a lost coin

You are right mate, I don’t see the need to hurry any process while trading or exchanging a coin. It’s best to play safe than fall a victim of coin issues

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#215 2023-07-07 19:20:37

Kelechi
Member
Registered: 2022-12-25
Posts: 2,302

Re: what happens if CRP is lost

Crpuss;18219 wrote:
JONSNOWING;18216 wrote:

The best advice is to always becareful and always calmly deal with coins to avoid being in the situation of loosing a coin, this way one won’t have to worry about a lost coin

You are right mate, I don’t see the need to hurry any process while trading or exchanging a coin. It’s best to play safe than fall a victim of coin issues

Trading a coin is quite easy but the problem is having low knowledge that's why many people actually fail in trading because of lack of knowledge.

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#216 2023-07-07 20:17:25

Detroit
Member
Registered: 2022-12-27
Posts: 1,475

Re: what happens if CRP is lost

This lack of understanding could be leading to mistrust in cryptocurrencies' ability to keep consumers' money safe. From poor security practices to a lack of knowledge about crypto markets.

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#217 2023-07-07 20:20:05

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,404

Re: what happens if CRP is lost

New investors can quickly lose money. A lack of knowledge or understanding hasn't stopped people from buying virtual currencies, though. More than 40% of all crypto purchases.

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#218 2023-07-07 21:04:36

Lanistergame2
Member
Registered: 2022-12-25
Posts: 1,669

Re: what happens if CRP is lost

Kelechi;18243 wrote:

Trading a coin is quite easy but the problem is having low knowledge that's why many people actually fail in trading because of lack of knowledge.

Trading is not quite easy except the person wants to lose money. If you do not know what you are doing the person should not go into trading or they will lose all of their capital that they invested.

After gaining enough knowledge one can then start trading with small capital.

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#219 2023-07-08 23:22:56

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,071

Re: what happens if CRP is lost

CrytoCynthia;18290 wrote:

New investors can quickly lose money. A lack of knowledge or understanding hasn't stopped people from buying virtual currencies, though. More than 40% of all crypto purchases.

You are right mate, there is more to cryptocurrency investment that new investors always tend to not understand, it requires some knowledge to a good extent which is an idea of what cryptocurrency investment is all about

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#220 2023-07-09 23:20:59

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 1,712

Re: what happens if CRP is lost

JONSNOWING;18482 wrote:
CrytoCynthia;18290 wrote:

New investors can quickly lose money. A lack of knowledge or understanding hasn't stopped people from buying virtual currencies, though. More than 40% of all crypto purchases.

You are right mate, there is more to cryptocurrency investment that new investors always tend to not understand, it requires some knowledge to a good extent which is an idea of what cryptocurrency investment is all about

Gripping too hard on jumping into some investment that one have not research on can actually  cause a lot of lost and wsste of time.

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#221 2023-07-10 22:18:15

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,071

Re: what happens if CRP is lost

And loss of interest entirely in cryptocurrency, but why do most people prefer to lose investment in other business than cryptocurrency which is usually as a result of previous experience or loss

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#222 2023-07-13 23:37:55

Crpuss
Member
Registered: 2023-06-16
Posts: 234

Re: what happens if CRP is lost

I think unlike other businesses, cryptocurrency can involve alot of their finance which on a normal day they might not invest all in other businesses which when any loss occurs almost leaves the person at nothing and zero returns too

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#223 2023-07-14 23:54:00

thrive
Member
Registered: 2023-01-04
Posts: 2,046

Re: what happens if CRP is lost

crpuusd;18508 wrote:
JONSNOWING;18482 wrote:
CrytoCynthia;18290 wrote:

New investors can quickly lose money. A lack of knowledge or understanding hasn't stopped people from buying virtual currencies, though. More than 40% of all crypto purchases.

You are right mate, there is more to cryptocurrency investment that new investors always tend to not understand, it requires some knowledge to a good extent which is an idea of what cryptocurrency investment is all about

Gripping too hard on jumping into some investment that one have not research on can actually  cause a lot of lost and wsste of time.

Yes, it is a waste of time and loss of money but it also leads to a mental breakdown and this is the reason why it is important to do the right which will prevent this from happen.

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#224 2023-07-20 19:30:26

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 1,681

Re: what happens if CRP is lost

Lose of CRP will be inevitable when there are mishandling of wallet phrase and details. That's why it mostly advisable to be steadfast in a secured precautions and restrictions.

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#225 2023-07-20 20:54:53

Kelechi
Member
Registered: 2022-12-25
Posts: 2,302

Re: what happens if CRP is lost

The decline in confidence can be triggered by negative sentiment about value as well as concerns about liquidity and security. Financial losses in the process.

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