How many Bitcoins are lost forever? - page 14.

john2231

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Quote from: swogerino on November 28, 2016, 07:45:39 PM

I lost 0.05btc just in the last two weeks to it not being confirmed.
Can not ever get those back. Not ever. Undecided

not even confirm or you transaction turn to dust it means you are just sending a small amount of bitcoin and i never heard someone that sending the same as you mention 0. 05 that their bitcoin not confirm never get back in their wallet.. unless if you are just sending small transaction or below the minimum fee or maybe you send wrong address..

swogerino

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I lost 0.05btc just in the last two weeks to it not being confirmed.
Can not ever get those back. Not ever. Undecided

ivan.daineko23

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Quote from: danherbias07 on November 19, 2016, 08:11:14 AM

Depend on how many will not be careful with tgeir coins. Some might forget their passwords or could get their hardware have problems in the future.

Undoubtedly losses were and will be. The main reason for the large number of losses lie in the very principles of Bitcoin network organizations. Initially involves the complete anonymity of users and all financial transactions. So it may not even be those quantities of Bitcoin that were lost.

WarThunder

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If that is lost, and then it will find hackers anyway. Bitcoin thefts have now become commonplace and will not cause as much interest as a couple of years ago. Amounts stolen Bitcoin already hundreds of millions of dollars. hackers have undergone Bitcoin exchanges, major miners, owners of a large number of Bitcoin. So that nothing will be lost.

eminem90

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Quote from: crairezx20 on November 19, 2016, 12:38:43 PM

Quote from: danherbias07 on November 19, 2016, 08:11:14 AM

Depend on how many will not be careful with tgeir coins. Some might forget their passwords or could get their hardware have problems in the future.

What do you mean? i dont understand the part that hardware have problem in the future?
I think we are talking about done or after bitcoin gone or our wallet is forgot the password and your hardware halving problem with system and never open again and you need to format just to use it again in the future but all your back are gone..
This is i think we can say that lost bitcoin forever but i think many holders of bitcoin are lost..

This is probably a more accurate expression of what users themselves lost and not lost their Bitcoin. The reasons may be different. Perhaps even difficult or not clear until the end what to do.

crairezx20

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Quote from: danherbias07 on November 19, 2016, 08:11:14 AM

Depend on how many will not be careful with tgeir coins. Some might forget their passwords or could get their hardware have problems in the future.

What do you mean? i dont understand the part that hardware have problem in the future?
I think we are talking about done or after bitcoin gone or our wallet is forgot the password and your hardware halving problem with system and never open again and you need to format just to use it again in the future but all your back are gone..
This is i think we can say that lost bitcoin forever but i think many holders of bitcoin are lost..

one-day0

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Quote from: rajasumi3 on November 19, 2016, 08:35:54 AM

Well its a very thoughtful question .some people just started doing bitcoins at the very begining because it was too interesting .but days passed and maybe they have got a better option to make more .well they just went wrong .bitcoins are the future and they are nee market .its the best for the future.kudoos

Perhaps it is the very beginning of bitcoin lost, because the price for it was very small and the margin was very different from the current situation.

rajasumi3

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Well its a very thoughtful question .some people just started doing bitcoins at the very begining because it was too interesting .but days passed and maybe they have got a better option to make more .well they just went wrong .bitcoins are the future and they are nee market .its the best for the future.kudoos

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Depend on how many will not be careful with tgeir coins. Some might forget their passwords or could get their hardware have problems in the future.

chrisivl

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Quote from: 20kevin20 on November 18, 2016, 06:38:10 PM

There are LOTS of accounts with low amounts in them. It looks like the total is small, but it's just an illusion - because there are probably MILLIONS of wallets out there with 1k-5k satoshis. There are tens, if not hundreds of thousands of Bitcoins lost forever. I'm wondering what will happen in the future... I mean, people will keep losing their money and although there are small sums, the fact that there are A LOT of transactions makes a big amount out of it.

Perhaps indeed a large number of lost, but I do not think that one purse can be lost such amounts. Most likely in small batches from Tsey user interest waned with time and work is not interesting to chop.

20kevin20

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There are LOTS of accounts with low amounts in them. It looks like the total is small, but it's just an illusion - because there are probably MILLIONS of wallets out there with 1k-5k satoshis. There are tens, if not hundreds of thousands of Bitcoins lost forever. I'm wondering what will happen in the future... I mean, people will keep losing their money and although there are small sums, the fact that there are A LOT of transactions makes a big amount out of it.

Top2016

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but what if the most are lost

dothebeats

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Afaik and as far as my memory goes, it's sitting at ±2M and the number is increasing every day. Well, for me, it shouldn't be a concern, because as far as basic economics tells me, as a commodity gets scarcer and scarcer, the price for it appreciates, so as bitcoin. If we are to recover those lost coins, it would be very impossible for us to do so because apparently, we would need quantum computers and harness the energy of our own star system just to brute-force the shit out of those wallets

berserkinterbuy

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Quote from: Rooster101 on November 14, 2016, 12:34:51 AM

Many people lost access to their wallets and many of them don't exactly know how much bitcoins are there in their wallets so it is hard to estimate exactly much bitcoins is lost forever.

Nobody will give the right answer. There the question is already doomed to failure. Perhaps everyone would like to know when it will end bitcoin mining and to have to be sure that its price will go up despite the fact that the loss could be a huge amount.

d-trixx

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Lost keys must be very difficult, the fact is that if the purse has become inaccessible to access is always possible to restore. It is possible to lose more bitcoin should be. users may simply threw their wallets losing interest

HaXX0R1337

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interesting question, and really hard to answer.
Im sure there are so many forgotten bitocins, maybe much much more than we think !

Rooster101

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Many people lost access to their wallets and many of them don't exactly know how much bitcoins are there in their wallets so it is hard to estimate exactly much bitcoins is lost forever.

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Quote from: rababo on November 12, 2016, 01:25:46 AM

It's difficult to calculate how much bitcoin are lost. I'm sure there're many bitcoin users since the beginning until now who left bitcoin or lost their private keys.
Those bitcoin lost can't be recovered back unless the owner know his/her private keys. So, I guest it will be lost forever.

Agree with you , its really hard to give precise calculations regarding with this hence we already know that there are lots of bitcoins users our there . Especially to those early adopter of bitcoin. There are lots of circumstances which causes for bitcoin to be lost forever , those bitcoins are just floating and theres no access into it as long you dont have the private keys.

millgates

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Quote from: hv_ on November 12, 2016, 05:51:19 AM

I don't care about the lost number = lost coins by losing the private key to spend.

I care about the free float and people trying to own = hodl at least 1 btc for long time.

Right now I d guess we could calc this very roughly to

16mio (created) - 5mio ( hodled , see other threads here) - x lost (x=4mio?) = FF (free float = 7mio?)

So if only 7 mio is free, that' s scarce!

Do Not worry becouse the holder still have to sell their bitcoin to get profit. But the biggest problem is if they lost the key that mean the bitcoin can not be used forever.

hv_

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I don't care about the lost number = lost coins by losing the private key to spend.

I care about the free float and people trying to own = hodl at least 1 btc for long time.

Right now I d guess we could calc this very roughly to

16mio (created) - 5mio ( hodled , see other threads here) - x lost (x=4mio?) = FF (free float = 7mio?)

So if only 7 mio is free, that' s scarce!

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