I Lost Bitcoin in a Hack and Did Not Know for Weeks - The $14 Billion Wealth Trap Most Bitcoin Holders Are Still Walking Into Right Now (Bit Coin, Wealth & Investing)

Most People Store Their Bitcoin WRONG - And One Mistake Could Cost You Everything

Myles lost Bitcoin in the Mt Gox hack. He didn't even know it had happened until weeks later. The only reason he didn't lose everything was pure luck.

Right now over $14 billion in cryptocurrency is locked in failed exchanges worldwide. FTX, Celsius, BlockFi, Voyager - the story is always the same. People could see their balance on an app and assumed that meant they owned it. It doesn't.

This episode explains exactly what happened, why your Bitcoin probably isn't as safe as you think, and the three steps to fix it this week.

In this episode:

• Why leaving your Bitcoin on an exchange like Coinbase is one of the most dangerous things you can do - and the real story of what happened at Mt Gox
• The three steps to storing your Bitcoin properly - off the exchange, into cold storage, and backing up your seed phrase the right way
• The product Myles uses to back up his seed phrase on titanium - and why paper is never good enough

I built a free calculator that shows exactly what consistent monthly Bitcoin investing could do to your wealth over 5, 10 or 20 years. It's called the Steady Stack Calculator — punch in what you can afford to put in each month and see what the numbers actually look like at the other end. Most people are genuinely surprised. You can also download the 10 Bitcoin Mistakes to Avoid document completely free at the same link.

Steady Stack Calculator and 10 Bitcoin Mistakes Document — click here to grab both for free

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