First of all, I was under the impression that the last Bitcoin will be mined in 2140 not 2040. Also, just because people hold on to the coins doesn't mean that the coins are out of circulation. Whenever a whale decides to dump his/her coins, then the price will go down drastically. Also, Satoshi Nakamoto is rumored to be dead, so whatever bitcoins he had is now forever in some wallet that won't ever be moved.
Though they doesn't get into the circulation, they get added to the entire count of mined coins. This will add value based on the total coin supply to the market demand at present. If you look at the fork coins of bitcoin too, we've got similar volume of total supply of coins. 
Topic: Around 4 Million Bitcoins lost forever!! - page 4. (Read 1818 times)
Very nice article. Those bitcoins are good as junk. One must not overhold too long just to get immense amount of profit.
First of all, I was under the impression that the last Bitcoin will be mined in 2140 not 2040. Also, just because people hold on to the coins doesn't mean that the coins are out of circulation. Whenever a whale decides to dump his/her coins, then the price will go down drastically. Also, Satoshi Nakamoto is rumored to be dead, so whatever bitcoins he had is now forever in some wallet that won't ever be moved.
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?
My immediate thought, they are not lost, they are just simply not in circulation at the moment. Lost would be those coins that can no longer be accessed by anyone. I would expect that to be a much much smaller number, probably around 1% of the 21m coins at most.
I know and I referenced that in my response, I just do not feel that this number will be anywhere close to 4 million bitcoin. It would be interesting if we could one day find out definitively how many are lost but I don't think we will ever be able to do this.
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/
Sick to known I never holded more than 20 bitcoins in my life and these millions lost wtf..
Bitcoin and other Cryptos will teach our society sense of responsibility, since there is no lost and found program. 
I know I am getting more careful with it all.
I know I am getting more careful with it all.
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?
Exactly. They are there, people just wait for Bitcoin to be widely adopted so they can use it at it's intended price and in everyday life.
But some are probably lost, but there is no complication due to that, so we can just ignore it.
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?
My immediate thought, they are not lost, they are just simply not in circulation at the moment. Lost would be those coins that can no longer be accessed by anyone. I would expect that to be a much much smaller number, probably around 1% of the 21m coins at most.
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?
Exactly. They are there, people just wait for Bitcoin to be widely adopted so they can use it at it's intended price and in everyday life.
But some are probably lost, but there is no complication due to that, so we can just ignore it.
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?
My immediate thought, they are not lost, they are just simply not in circulation at the moment. Lost would be those coins that can no longer be accessed by anyone. I would expect that to be a much much smaller number, probably around 1% of the 21m coins at most.
So it means we only have 17 million circulating in the market or holding? But anyway I find it advantage because it means it will never be back in zero value because we have some lost of btc and will gonna remain with the value.
My understanding is 16 million plus but not yet 17 million Bitcoins... The rest will be mined during next several decades i.e. Proof of Work! 
This is just pure speculation, and at least it is admitted in the article that they don't know for sure if these coins are lost or not. Sure, some of those coins that have been inactive are probably lost, but some users might just be holding them because there is no point in spending them right now. These big holders probably can't even cash out their coins because the marketcap is still to low. If they wanted to cash out their entire holdings, they would probably just create major panic in the market and the price would crash.
Not only four million are lost, but micro calculations satoshi on wasted btc wallets have high price-fixing factors.
Umm...As others have said just because someone is holding it doesn't mean that they are lost forever. Lost forever would be you had a paper wallet and the wallet got lost/destroyed or something along those lines.
Many early holders may forget their private keys
I think this story is a bit sensational. There is no way to know for sure how many bitcoins are lost forever. You can't automatically assume that bitcoins which haven't moved for a long time have simply been lost and forgotten, rather than belonging to extreme hodlers.
How can they know how many holder addresses are lost? I mean it's a rough estimation, a very rough. They're saying that it's between 30% and 50% which is huge! They have no certainty that this bracket is even close to being correct. It might as well be 20%, the numbers are completely made up. They're estimating it based on no research just a feeling that a holder would move the coins from time to time if he had the access, which is stupid.
So doing the math we actually have somewhat about 11-12 million BTC which are being HODL!
So it means we only have 17 million circulating in the market or holding? But anyway I find it advantage because it means it will never be back in zero value because we have some lost of btc and will gonna remain with the value.
Being out of circulation and lost forever are two very different things - the first means that the coins simply hadn't been moved, while the latter means that they will never be moved and can be removed from total supply. But the fact that some coins haven't been moved for many years doesn't necessary mean that it was lost, and there's no way to tell for sure, unless the owner will somehow confirm it, which is not as easy as it seem, because to prove that you own coins you must own private keys - otherwise anyone can claim that they owned 8,000 Bitcoins but then thrown their hard drive away.
The number 30-50% from the article seems like a random guess not backed by anything. And the certainty that Satoshi lost his coins is also strange - I don't remember him reaching out to the community and saying that his lost his keys - so for now it's just pure speculation.
The number 30-50% from the article seems like a random guess not backed by anything. And the certainty that Satoshi lost his coins is also strange - I don't remember him reaching out to the community and saying that his lost his keys - so for now it's just pure speculation.
Jump to: