Around 4 Million Bitcoins lost forever!! - page 5.

aleksej996

sr. member

Activity: 490

Merit: 389

Do not trust the government

Quote from: 2fresh on November 26, 2017, 02:58:54 PM

Quote from: ahmad21 on November 26, 2017, 02:57:31 PM

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/

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.

Karpeles

legendary

Activity: 1162

Merit: 1000

It is hard to tell, maybe they are from true hardcore hodlers or are just gathering virtual dust in old computers, waiting to be discovered by someone.
Also many bitcoins will never go to market because many early investors have more bitcoins than they could justify to IRS, so they will never spend everything they have. The out of market bitcoins surely are more than 4 millions

And the article is wrong, the last bitcoin will be mined by 2140, not 2040

MickeyT2008

sr. member

Activity: 350

Merit: 250

This account was recently hacked

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

2fresh

hero member

Activity: 782

Merit: 500

Quote from: ahmad21 on November 26, 2017, 02:57:31 PM

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/

But holding bitcoin doesn't mean they are lost forever or out of circulation?

ahmad21

sr. member

Activity: 672

Merit: 271

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/

Topic: Around 4 Million Bitcoins lost forever!! - page 5. (Read 1795 times)