More than a million Bitcoins are lost forever, a regrettable reality in the cryptocurrency ecosystem. While exact statistics for other cryptocurrencies are not yet available, it is undeniable that permanent losses of cryptocurrencies are becoming more frequent, largely due to the increasing number of novices in the field.

Human errors are often the cause of these losses, and there are several ways in which this can happen. Manipulation errors, such as improperly performing backups or neglecting to do them, are common. For example, not transcribing the 12 to 24 recovery words correctly or not saving the .dat file properly can lead to the permanent loss of access to funds.

Fortunately, technological advancements aim to mitigate these risks. Wallets and cryptocurrency platforms now integrate enhanced security mechanisms to reduce human errors and ensure better protection of digital assets.

However, it is crucial to remain vigilant, especially in the face of malicious individuals. Disclosing the ownership of cryptocurrencies can attract the attention of those seeking to exploit this information for malicious purposes. Awareness and education about best security practices remain key elements in preventing cryptocurrency losses and protecting investors, especially beginners.