AskLeo - What Would You Do With a BTC That Was Sent To You by Mistake?

in LeoFinance3 years ago

I still remember my first crypto transaction. It was some LTC that I bought as my first crypto purchase and decided to sell a few days after I bought it, so I won't lose my money in this "life time opportunity" :D. What a moron... Bought them for $50 each and sold for $55 each, scoring a huge $5 per coin profit.

Two weeks after that, LTC went to $360 as an ATH... Hope to never repeat such mistakes. I was new to the crypto space and I still remember that I double checked the whole address letter by letter before sending them from my jaxx wallet to a Romanian exchange to trade them for cash.

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I have ever since had that lottery thought of waking one day with some BTC sent to my wallet by mistake. It doesn't matter the amount, one, two or a thousand, this thought keeps on coming back to me. What if one day I see my wallet loaded with some BTC out of nowhere?

What would I do with one BTC sent by mistake to my wallet?

I honestly don't know for sure... The first thought would be to send it back, as it might be someone's coin that was supposed to hit an exchange or I don't know what wallet and instead it got to mine. I don't even know if this situation is even possible, but it crosses my mind once in a while.

I guess it's my lottery winning unfulfilled desire that gave birth to such thoughts. I would keep the damn BTC though if I knew it's sent by some money launderer, drug dealer and even by the police. I don't like neither of the above mentioned categories. But, how do you know to whom a Bitcoin address belongs?

If sent by an individual, who's got nothing to do with these types of folks, then I'd definitely send it back, but otherwise I'd probably keep it. I doubt that that will ever happen though and I also don't see how you can find what type of an individual has mistakenly sent me a BTC. I have an inquisitive mind though and often times I ask myself such type of questions.

What about you, what would you do in such a situation?

Thanks for attention,
Adrian

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I'll say I'd send it back because it's what I believe to be the right thing to do.

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for me, sending it back will be my only option because that could be someone's long team investment, and more so it could also serve you from a rainy day

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You have a point here.

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I don't even know. I mean, how will I know it was sent by mistake?

If you were not waiting for anyone to send you a BTC, it's probably sent by mistake. Are you sending it back though?

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I guess I will send it back, if I'm certain it's a mistake. The issue is that I drop my btc address in so many places, so I'll have to check
many platforms to enquire from people if they sent anything.

If you send a BTC by mistake, would you like to get it back? :P

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Yes.
I guess I have my answer here :))

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send it to an ltc address on purpose to have the feeling i was in control of crypto at least once in my lifetime...

i would probably do a grey-area thing like buying a ton of hive with all of it, then delegating it all away to some worthy cause or newcomers on hive. could make for quite the amazing fund to help this place become more awesome

Dump it into a coin join and move it to several xpubs and hodl the living shit out of it