Topic: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin - page 3. (Read 555 times)
July 03, 2018, 11:09:43 AM
There still needs to be demand.
July 03, 2018, 08:17:44 AM
Following this thread.. https://bitcointalksearch.org/topic/bear-market-will-never-happen-because-of-tether-printing-4545260
Here's reason number 2 of why an actual prolongued bear market for bitcoin is highly unlikely to happen:
The number of unretrievable lost bitcoin is growing every second and the trend is never going to stop.
People die every day, private keys get lost, dust amounts evaporates each transaction.. all of this compounds every moment and right now approximately 17-23% of the total bitcoin supply, according to Chainalysis, are irremediably forever lost.
Bitcoin has been around since not even 10 years and already 20% of it is gone, therefore I do not see a mathematical possibility for a prolongued decrease of the price from the current 6500$/btc.
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28.5% gone according to this article
https://www.ccn.com/6-million-bitcoin-is-lost-or-stolen-should-the-real-value-of-btc-higher/
Here's reason number 2 of why an actual prolongued bear market for bitcoin is highly unlikely to happen:
The number of unretrievable lost bitcoin is growing every second and the trend is never going to stop.
People die every day, private keys get lost, dust amounts evaporates each transaction.. all of this compounds every moment and right now approximately 17-23% of the total bitcoin supply, according to Chainalysis, are irremediably forever lost.
Bitcoin has been around since not even 10 years and already 20% of it is gone, therefore I do not see a mathematical possibility for a prolongued decrease of the price from the current 6500$/btc.
---
28.5% gone according to this article
https://www.ccn.com/6-million-bitcoin-is-lost-or-stolen-should-the-real-value-of-btc-higher/
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