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Topic: How many Bitcoins are left? - page 3. (Read 582 times)

sr. member
Activity: 1120
Merit: 255
November 26, 2019, 12:48:08 AM
#28
We can't say that because we never know, when or if at all sleeping coins will be moved again. Perhaps we can tell something about the likelyhood. But that means nothing. although it's not a science but estimates are 3-4 million currently lost, means truly lost as in can never be moved again. this also assumes Satoshi doesn't have their private keys.
sr. member
Activity: 700
Merit: 254
November 25, 2019, 09:49:43 PM
#27
There have been almost 18 million Bitcoins created. We know that some have been lost over the years and can’t ever be recovered except potentially with quantum computers. 

18 million - lost coins = ?

My question is how many Bitcoins are left, which is really a question of how many have been lost?
Am not really sure but i think its only 4 million bitcoin left but its not an accurate number i read that in one article on 2016 so its not really sure if that is the bitcoin left.
But if that is the bitcoin left is bitcoin now is very small left and it will be gone if many investor invest in bitcoin.
sr. member
Activity: 1492
Merit: 269
November 25, 2019, 08:44:47 PM
#26
why should we think of a bitcoin coin that has been lost. I think this will be a waste of time. because even though we think hard bitcoin will still disappear and until now there is no way or technology that can restore the lost bitcoin. and also the lost bitcoin will not affect the market price.
Maybe if some one hold and save bitcoin on their wallet but lost private key make bitcoin supply have increase lower, I think many people pass away but he forget give their bitcoin account for his family and keep gone their bitcoin on market transaction.
sr. member
Activity: 756
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
November 25, 2019, 08:06:26 PM
#25
why should we think of a bitcoin coin that has been lost. I think this will be a waste of time. because even though we think hard bitcoin will still disappear and until now there is no way or technology that can restore the lost bitcoin. and also the lost bitcoin will not affect the market price.
jr. member
Activity: 168
Merit: 2
mada mada dane
November 25, 2019, 08:06:07 PM
#24
Not sure how many are left since we can't really find out the exact amount now. I'm just a little worried about the lost Bitcoins, would it still be possible to retrieve them?
sr. member
Activity: 1400
Merit: 269
November 25, 2019, 07:40:45 PM
#23
There are 2,932,450.0 left mine and the rough estimate of bitcoins that's been lost is 3-4 millions however this is all estimates there's no really accurate way in finding out the total bitcoin that's been lost. The real question is how long will it take for that almost 3million bitcoin to be mined ? i really hope it would last long so we can find better solutions in recovering them.
full member
Activity: 1232
Merit: 186
November 25, 2019, 07:01:33 PM
#22
The only way on how to find how many BTC are lost or missing is if all BTC holders announces how many each of them have and then subtract that number from total BTC mined till date. In short that's not possible.
Will take too much effort on this and of course those who are dead already can no longer say how much bitcoin they have. Its not easy to know the accurate supply for now but one thing is for sure, the supply is getting smaller every year and the halving next year will make it more limited. We still need to have a better demand, and a better adoption to enjoy the price of a limited supply.
Aside from the deceased bitcoin holders, also put into consideration all the persons who are not even willing to participate in this survey (if that's the process to be called) and choose to working silently in the dark. That's understandable anyway because it's a kinda intimidating when it comes to money talks. So Yes! It was impossible to know every decimal of lost btc in the system but there are estimations tho. I just don't know if it's really close to the exact (I guess so) Smiley.
hero member
Activity: 1484
Merit: 535
November 25, 2019, 06:42:37 PM
#21
There have been almost 18 million Bitcoins created. We know that some have been lost over the years and can’t ever be recovered except potentially with quantum computers.  

18 million - lost coins = ?

My question is how many Bitcoins are left, which is really a question of how many have been lost?

Considering the nature of the Bitcoin blockchain network, you can't easily tell the number of Bitcoins lost. People usually classify inactive bitcoin addresses having Bitcoins in them which haven't been used for some time now.  These addresses can't really represent the number of bitcoin lost.  People will just speculate an assumption of Bitcoins they think are lost. For the real number of lost bitcoins, no one can really tell the exact amount of Bitcoin. It will be better not to think about the number of lost Bitcoins.
sr. member
Activity: 2422
Merit: 357
November 25, 2019, 06:05:54 PM
#20
The only way on how to find how many BTC are lost or missing is if all BTC holders announces how many each of them have and then subtract that number from total BTC mined till date. In short that's not possible.
Will take too much effort on this and of course those who are dead already can no longer say how much bitcoin they have. Its not easy to know the accurate supply for now but one thing is for sure, the supply is getting smaller every year and the halving next year will make it more limited. We still need to have a better demand, and a better adoption to enjoy the price of a limited supply.
legendary
Activity: 3472
Merit: 4801
November 25, 2019, 04:45:11 PM
#19
There are two types of "unspendable" bitcoins.

There are those where someone has permanently lost their private key, and there are those where the transactions themselves are structured in such a way as to make the bitcoins permanently unspendable.

It is impossible to know how many bitcoins there are of the first type (permanently lost private key).  People who say they lost their private key might be lying. Private keys could turn up later on someone's old hard drive or on a piece of paper somewhere. Any attempt to calculate the number of "lost" bitcoins due to permanently lost private keys is just a guess and is likely to be very wrong.

The other type (transactions structured to make the bitcoins unspendable) are all publicly visible in the blockchain.  These can be counted right down to the exact satoshi.  These are known PROVABLE lost bitcoins that we can all be CERTAIN are gone.

Here is an analysis from 2014 of the 2,745.22283996 BTC that were PROVABLY LOST at that time.  I haven't seen a more recent similar analysis.

https://bitcointalksearch.org/topic/how-many-bitcoins-have-been-provably-lost-at-least-675321
member
Activity: 686
Merit: 15
November 25, 2019, 02:50:11 PM
#18
While about 18million plus has been mined so far and mining keeps going on. I doubt if anyone can tell the total number of currently lost bitcoin since most persons usually do not come out to declare their loss bitcoin, and there are some wallets that have never been touched before. 
jr. member
Activity: 60
Merit: 3
November 25, 2019, 02:09:32 PM
#17
We can't find the exact numer coz we just can't control it. I've heard something about 6 million lost bitcoins, but it's just a rumor.
sr. member
Activity: 625
Merit: 258
November 25, 2019, 01:33:45 PM
#16
This question has been answered multiple times already Roll Eyes

Anyway you can think of those coins that were lost during transactions.

Those accounts that will never be recovered and have bitcoins that will never be used whatsoever.

These and many more could make bitcoin amount increase if they were "cleaned" from the system.
Based on that we could make a new estimation with a more precise number rather than speculating.
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
November 25, 2019, 01:25:16 PM
#15
I think it is more relevant to talk about percentages of mined coins per reward era, roughly translated to a year.

So, with that in mind, 99% of all coins will have been mined by the year 2030-ish. The last one percent will take another hundred years. Literally more than a hundred years.

It's the decade after we hit 99% and are mining the last 1% where we find some true price discovery about the value of each coin, and while past performance is no guarantee of future returns and history does not necessarily repeat itself, but it rhymes.

Just look at traditional stock markets. S&P or DOW Jones...
hero member
Activity: 1974
Merit: 539
Leading Crypto Sports Betting & Casino Platform
November 25, 2019, 01:05:04 PM
#14
The only way on how to find how many BTC are lost or missing is if all BTC holders announces how many each of them have and then subtract that number from total BTC mined till date. In short that's not possible.
hero member
Activity: 1106
Merit: 527
November 25, 2019, 12:14:58 PM
#13
Since I checked in Google I have noticed 4 to 5 million Bitcoins are remaining in the market.
But unfortunately we do not have any tool to trace the the Bitcoins which is lost or stolen and kept somewhere.
If you ask me what is my left Bitcoin it is around 0.04 BTC alone.
sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
November 25, 2019, 12:14:03 PM
#12
18 million - lost coins = ?
Well, we assume that the number of bitcoin's existence was 18 million in circulation and it will less to those who lost their Bitcoin forever.
The answer was still unknown and no one knows the exact number, but as what have said above it is estimated 4 million Bitcoin has been lost including the Bitcoin to be mined. You guys don't bother too much how many left and lost in Bitcoin because nobody gives an exact answer.
legendary
Activity: 3038
Merit: 1169
November 25, 2019, 12:06:26 PM
#11
...
18 million - lost coins = ?

My question is how many Bitcoins are left, which is really a question of how many have been lost?


...
Here's a little task for you if you want to know how many Bitcoins are left - 21 000 000 - 18 067 062 =?
...

Op is talking about the lost coins, not about the total bitcoins less the mined bitcoins. So, your little task is wrong,

So, as OmegaStarScream say, around 4M bitcoins are lost, and one of those millions are satoshi coins. And satoshi gives us some words about the lost coins:

Quote
“Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.”

No one can give how many exact coins are lost by now but i think with the bitcoin adaption increases the lost coins ratio will also increase and i have a valid reason for this.

Currently everyone is using Paper currencies stored at home or banks. If a person dies, the banks can easily hand over the cash to his belongings on valid verification but if a bitcoin holder dies and he did not tell anyone the secret key, then those bitcoin will be lost forever. I know few of the people will give the access to siblings etc, but most of them won't and consider everyone having some portion of bitcoin and people dying in accidents etc will make bitcoins lost number increase to a greater extent.

I expect this lost number increases as more people hold or get access to bitcoins.

Well, that is one fact on how Bitcoin can be lost, but there are some lost coins that have dump with no reason,
particularly yes we can not estimate the exact amount of Bitcoin that still not mined yet, because it is continuously moving and there are consistently losing coins every hour or so.

That is why for OP we can only give you an estimation of 18,067,000 BTC near to this number for now, but the part that I always keep on thinking is what will the real thing that may happen if there are no Bitcoin's to mine anymore.
sr. member
Activity: 1022
Merit: 280
November 25, 2019, 11:54:39 AM
#10
...
18 million - lost coins = ?

My question is how many Bitcoins are left, which is really a question of how many have been lost?


...
Here's a little task for you if you want to know how many Bitcoins are left - 21 000 000 - 18 067 062 =?
...

Op is talking about the lost coins, not about the total bitcoins less the mined bitcoins. So, your little task is wrong,

So, as OmegaStarScream say, around 4M bitcoins are lost, and one of those millions are satoshi coins. And satoshi gives us some words about the lost coins:

Quote
“Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.”

No one can give how many exact coins are lost by now but i think with the bitcoin adaption increases the lost coins ratio will also increase and i have a valid reason for this.

Currently everyone is using Paper currencies stored at home or banks. If a person dies, the banks can easily hand over the cash to his belongings on valid verification but if a bitcoin holder dies and he did not tell anyone the secret key, then those bitcoin will be lost forever. I know few of the people will give the access to siblings etc, but most of them won't and consider everyone having some portion of bitcoin and people dying in accidents etc will make bitcoins lost number increase to a greater extent.

I expect this lost number increases as more people hold or get access to bitcoins.
sr. member
Activity: 1330
Merit: 258
November 25, 2019, 11:43:25 AM
#9
Given the information about bitcoins, mined and lost + coins that are on the whale's purses (which are motionless + 1 million Satoshi Nakamoto)
very few coins are widely used by BTC fans
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