Topic: Around 4 Million Bitcoins lost forever!! - page 2. (Read 1834 times)
I do not think that those bitkoyny, access to which for various reasons lost, that is, lost the digital keys to the purses, where they are, are lost to us forever. Technologies are now developing at a very high rate, and the lost bitcoins remain encrypted in the blockchein block chain and may someday be decrypted and returned for future use. So, many people are already talking about the possibility of quantum computers to decipher such large digital codes and that they will appear in a few years. True, such opportunities pose a serious threat to the security of all the crypto currency.
I still have 0.00000099BTC lost for ever, I lost those 99 Satoshis 1.8 years ago, I can not stand the sadness it has brought upon me, don't blame me, I'm just a beggar and for beggars even 1 Sat is like a world. we still don't know if Satoshi was really jumped-killed by crypto jumper-killer Gavin and friends. Satoshi is waiting for $50,000 to dump every coin he has, when you see that happens, keep calm and don't panic. lol in magnitude of 3.
Just came across this article today says that 4 million out of the total supply of 21 million have already been lost due to various reasons. The most popular reason are the HODLers who are holding it for quite long. These people have reduced the supply of bitcoins in market which has upsurged the price of bitcoin so much. Satoshi surely is the biggest HODLer himself.
Here is the article : http://fortune.com/2017/11/25/lost-bitcoins/
Here is the article : http://fortune.com/2017/11/25/lost-bitcoins/
If bitcoins are hold by few people and they dont use them and keep them in their wallet, then it does not mean they are lost. They are just stored in the wallet and they can be used by the holder any time. This is just like we hold money on the bank and keep it in the bank for years until we need it.
So 4 million bitcoins are not lost.
It seems the price of bitcoin will go up always. Some portion of the total number of bitcoins are not presented on exchanges, this will make the value go up more and more as the time goes by.
Just came across this article today says that 4 million out of the total supply of 21 million have already been lost due to various reasons. The most popular reason are the HODLers who are holding it for quite long. These people have reduced the supply of bitcoins in market which has upsurged the price of bitcoin so much. Satoshi surely is the biggest HODLer himself.
Here is the article : http://fortune.com/2017/11/25/lost-bitcoins/
They might forgotten to check that Bitcoin amount, since most of them here are inactive in forums and most accounts got hacked because of inactivity. I think they will spend when they want to use in real world, currently a lot of people uses for holding, but that is short time. Here is the article : http://fortune.com/2017/11/25/lost-bitcoins/
Just came across this article today says that 4 million out of the total supply of 21 million have already been lost due to various reasons. The most popular reason are the HODLers who are holding it for quite long. These people have reduced the supply of bitcoins in market which has upsurged the price of bitcoin so much. Satoshi surely is the biggest HODLer himself.
Here is the article : http://fortune.com/2017/11/25/lost-bitcoins/
Here is the article : http://fortune.com/2017/11/25/lost-bitcoins/
There are lost Bitcoins and then there are Bitcoins that are being held but not lost. To me these are separate things. I consider Bitcoins to be lost if they can’t be recovered due to a lost private key, death of owner of coins (with no one having the private keys), sending Bitcoins to the wrong unused address, forgetting the Bitcoins, or abandoning dust in a wallet. In those situations, you will most likely never be able to recover the Bitcoins.
Someone can hold Bitcoins for a long period of time like 30 years for retirement and to me they are not lost. These are just not actively in circulation, but they are eventually going to go into circulation.
Just came across this article today says that 4 million out of the total supply of 21 million have already been lost due to various reasons. The most popular reason are the HODLers who are holding it for quite long. These people have reduced the supply of bitcoins in market which has upsurged the price of bitcoin so much. Satoshi surely is the biggest HODLer himself.
Here is the article : http://fortune.com/2017/11/25/lost-bitcoins/
Here is the article : http://fortune.com/2017/11/25/lost-bitcoins/
If bitcoins are hold by few people and they dont use them and keep them in their wallet, then it does not mean they are lost. They are just stored in the wallet and they can be used by the holder any time. This is just like we hold money on the bank and keep it in the bank for years until we need it.
So 4 million bitcoins are not lost.
Really they are only lost until they move I'm sure at some point in the future someone will find a way to access these coins but for now they are lost
About 4 million bitcoins are lost forever, which is a pretty big number when I hear this information
It is very true that those who do not lose sight of the value and interest in bitcoin
It is very true that those who do not lose sight of the value and interest in bitcoin
They are not really lost they are just locked away in the wallets for which they had the private keys. I believe that it will not impact the bitcoin market in negative terms because the math is straight here, as we are short on 4 million bitcoin it is clear that we will have increased demand of the bitcoin and we won’t be fulfilling the place of those 4 million in short terms and thus it will force the market to put more value on the bitcoin and thus it will get more and more expensive. The end result? Well, the big investors will have million of worth bitcoin in to their wallet and they will rich already. People who held bitcoin since very long will be in the category of billionaire club now and the middle investors like you and me can now move forward to invest into bigger projects, different ideas or may be businesses in real world because we will be having great profits due to the aftermath. So thank to those 4 million bitcoin and once agin they will be over the blockchain forever. They are not lost.
At the end of the day they will be in the circulation, I belive that they wont be become lost it should be holding by someone
Tough to say how many are actually "Lost", but maybe someday I will find some in my wallet that someone generously left me.
What if someone had enough bitcoin to send a large amount of bitcoin with a low enough miners fee that would take years to confirm naturally making the value of bitcoin higher for a higher demand then selling. The ultimate pump and dump.
Just came across this article today says that 4 million out of the total supply of 21 million have already been lost due to various reasons. The most popular reason are the HODLers who are holding it for quite long. These people have reduced the supply of bitcoins in market which has upsurged the price of bitcoin so much. Satoshi surely is the biggest HODLer himself.
Here is the article : http://fortune.com/2017/11/25/lost-bitcoins/
Here is the article : http://fortune.com/2017/11/25/lost-bitcoins/
But holding bitcoin doesn't mean they are lost forever or out of circulation?
OMG! Thanks for sharing the article. There should some way to delete bitcoin from accounts that are not being used and be put again in circulation.
Just came across this article today says that 4 million out of the total supply of 21 million have already been lost due to various reasons. The most popular reason are the HODLers who are holding it for quite long. These people have reduced the supply of bitcoins in market which has upsurged the price of bitcoin so much. Satoshi surely is the biggest HODLer himself.
Here is the article : http://fortune.com/2017/11/25/lost-bitcoins/
Here is the article : http://fortune.com/2017/11/25/lost-bitcoins/
But holding bitcoin doesn't mean they are lost forever or out of circulation?
Wow, but the current supply is in there, maybe those miners or whatever they are still have their bitcoins on their wallet, so it is not making any difference because their balance is still going up day by day.
The max supply would be at 21million forever, and it would not change. When someone die, the balance will be in there forever, there is no way to change that, and it does not affect the market.
Maybe there are less bitcoins moving around, but they are still holding them in there, but nobody knows what really happened to those wallets, maybe they are locked
Yes you are right even I tried to made such a assumption that let's assume a certain percent of satoshis are going to miners for every certain transaction. They are HODLing such satoshis for a long term to gain huge profits. So at last aren't these satoshis just flowing out of the total market supply? If this continues like for next many years the supply is actually decreasing because what determines price is the circulating supply not the actual total supply. The max supply would be at 21million forever, and it would not change. When someone die, the balance will be in there forever, there is no way to change that, and it does not affect the market.
Maybe there are less bitcoins moving around, but they are still holding them in there, but nobody knows what really happened to those wallets, maybe they are locked
Just came across this article today says that 4 million out of the total supply of 21 million have already been lost due to various reasons. The most popular reason are the HODLers who are holding it for quite long. These people have reduced the supply of bitcoins in market which has upsurged the price of bitcoin so much. Satoshi surely is the biggest HODLer himself.
Here is the article : http://fortune.com/2017/11/25/lost-bitcoins/
Here is the article : http://fortune.com/2017/11/25/lost-bitcoins/
But holding bitcoin doesn't mean they are lost forever or out of circulation?
So doing the math we actually have somewhat about 11-12 million BTC which are being HODL!
It may be that its hold / stock has to be kept. And the amount of day's increase will increase. So it has to be seen for more days. The problem with this is that there is no way to determine how many have been lost. We could count how many claim to have lost coins. We could count coins that have not moved in years. But no matter what data you are looking it it will not result in much of an answer.
There are a lot of bitcoin holders and we will not really determine whether if they are just holding it for a several years or maybe they lost it but I am thinking where is the bitcoins of some criminals that is handed to police? Can we consider it part of the bitcoin that is lost forever or other people are using it now?
I believe some of the coins are missing as junk. However most of them are holding by only a few hardcore holders to wait for the day when BTC hit USD100,000. And what is the value? It is still have to hook up with fiat?
I don't think that very likely actually, if coins haven't moved since 2011 or 2012, it's hard to believe that someone still has control over the wallet in question.
In the early days of Bitcoin, people didn't mind too much if they lost access to a wallet containing hundreds or thousands of Bitcoins.
You wouldn't mind either if you just lost the equivalent of 10 or 20 dollars.
It's just so unlikely that someone would have been able to hold onto all the coins they had if the price suddenly went up 1000% or more.
Indeed. Its the same with many altcoins today. Maybe we can see a huge rise in their value too in the coming years, but for now, its not such a big loss if you loose access to an alt wallet with some dollars worth of coins on it. I recently for example lost access to my iota wallet, there were around 30 bucks on it, so I didnt care too much. Still bothers me though, imagine that being worth $3000 in some years.
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