It is regrettable that the huge amount of bitcoin has gone - four million BTC.
About $ 35-40 billion.
That will reduce the number, the amount of scarcity, it is obvious they will more expensive in the future.
I look forward in the near future bitcoin price will increase rapidly.
Topic: 30 Billion $ Bitcoins Lost Forever (Read 163 times)
Less supply and high demand will eventually boost price of bitcoin so actually loss of few million bitcoin is good for bitcoin overall economy but it is also associated with someone who have lost their entire investment or saving because of their negligence which is quite horrific.
Also there is no way to calculate exactly how much was lost and figure can be more than just 4 million like published in the article.
Also there is no way to calculate exactly how much was lost and figure can be more than just 4 million like published in the article.
If the market keeps loosing Bitcoins, like we have seen the last 9 years that would be a big problem.
But I think everyone now takes multi backups of private keys, in a way nobody did just a few years ago, so the rate people lose Bitcoins have falling to a very low number.
But generally less Bitcoins for sale means higher price for those who want to buy.
So if you have Bitcoins, those missing Bitcoins will just make your coin more expensive.
But I think everyone now takes multi backups of private keys, in a way nobody did just a few years ago, so the rate people lose Bitcoins have falling to a very low number.
But generally less Bitcoins for sale means higher price for those who want to buy.
So if you have Bitcoins, those missing Bitcoins will just make your coin more expensive.
Total supply of bitcoin that will ever be mined is 21 million,
According to chain analysis, 4 Million already lost in the course of time (lost private keys, owners dead, wallets lost, erroneous transactions etc)
At current market price of 7500 $, that is a whooping 30 Billion USD.
Are we going to miss these coins in the future?
Further read :http://fortune.com/2017/11/25/lost-bitcoins/
According to chain analysis, 4 Million already lost in the course of time (lost private keys, owners dead, wallets lost, erroneous transactions etc)
At current market price of 7500 $, that is a whooping 30 Billion USD.
Are we going to miss these coins in the future?
Further read :http://fortune.com/2017/11/25/lost-bitcoins/
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