Jake was a guy who loved the idea of Bitcoin but hated the idea of keeping track of passwords and recovery keys. So, when he finally bought some Bitcoin, he decided to make his password super easy to remember: “Bitcoin123.”

Feeling proud of himself, he told a few close friends about his investment and even mentioned his “genius” password choice. They laughed, but Jake was confident. “No one’s getting into my account!” he declared.

One day, after Bitcoin had a big surge, Jake went to log into his account… and couldn’t remember his password. He tried “Bitcoin123,” then “123Bitcoin,” then “Bitcoin321.” Nothing worked. Panic set in as he tried every version he could think of. Finally, he gave up and called his friends, asking if they remembered what he’d set as the password.

“Isn’t it just Bitcoin123?” they asked, half laughing. Jake groaned. He’d definitely tried that. Turns out, he’d accidentally typed “Bictoin123” when he set it up — a simple typo.

After that, he triple-checked his passwords, but his friends still remind him that he once locked himself out of his own Bitcoin fortune… all because of a misspelled word.

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