Investor tries everything to return $30,000 in BTC

Looks like that writing a PIN on a piece of paper is a bad idea in all cases, even if it was intended for your relative in case something bad happens with you. As Mark Frauenfelder tells on Wired, the consequences of this decision have been absolutely disastrous for him when it became clear that the piece of paper was lost and the access to his Trezor hardware wallet was lost as well.

In the following paragraphs, Mr. Frauenfelder gives us all a big reminder why many investors are not ready to use cryptocurrency: he could not address a bank on the problem, because Bitcoin has no banks responsible for issue.

The unlucky wallet holder has made countless hopeless attempts to remember the PIN and to guess it (every wrong attempt only gave him a time penalty). During his tries to remember the code, he even visited a hypnotist - with no positive results. Eventually, the author of the article decided, with the help of familiar security experts, to hack his own wallet. He succeeded, but this story teaches us all two things – do not forget and do not lose your PIN for cryptocurrency wallet, especially when Bitcoin is on the rise. As Mark Frauenfelder clearly implies, the tantalizingly increasing sum of assets he could not immediately withdraw due to the lock did not help at all.