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Topic: How many Bitcoins are lost forever? - page 19. (Read 43090 times)

hero member
Activity: 1190
Merit: 500
February 19, 2016, 01:51:03 AM
People can lose their private keys or forget their passwords for their wallets every day all over the world. We can't know how many bitcoins are thrown into oblivion.
What kind of stupid people who could forget their password. he was too careless, I think not many people who have experienced this dude. I've never once experienced
member
Activity: 77
Merit: 10
February 19, 2016, 12:53:36 AM
People can lose their private keys or forget their passwords for their wallets every day all over the world. We can't know how many bitcoins are thrown into oblivion.
full member
Activity: 238
Merit: 100
February 19, 2016, 12:46:43 AM
Heartbreaking losing your BTCs over dice, gambling and what not. Wish I could have just bought things on the market section.
sr. member
Activity: 245
Merit: 250
February 19, 2016, 12:38:47 AM
I recently lost 0.01 BTC is currently trading play, if I count all amounts bitcoin I omit, maybe it is 0.2 BTC, the amount to quite a lot of thought  Sad
are lost all you bitcoin in trading ? lol.
How can. are you a trader altcoin / BTC?
I also sometimes choose the wrong altcoin. I buy coins wrong, and prices continue to fall and die. approximately I lost more than 0:03 BTC

I was also lost a lot of altcoin some time before I was trading with bitcoin and I was bought some coin and after sometime it's worth was fall down and I was emergency that time so I was sell that time my coin and loose in my trading.
newbie
Activity: 33
Merit: 0
February 19, 2016, 12:26:33 AM
This question is such a difficult question to answer. I only know that whatever i think is a lot less than what has actually been lost. It will always stay as a mystery as we can never be sure of the exact number
sr. member
Activity: 350
Merit: 250
February 18, 2016, 10:38:32 PM
There's no way to correctly know how many coins are lost forever. I guess this will only be possible to know after all coins have been mined.
I think you should know the lost, it can make you more cautious back dude
sr. member
Activity: 412
Merit: 250
February 18, 2016, 08:10:47 PM
I think that every time someone loses the wallet key, the coins inside that wallet is lost forever. I wonder if that can be accounted for...
hero member
Activity: 658
Merit: 500
February 18, 2016, 07:53:06 PM
I recently lost 0.01 BTC is currently trading play, if I count all amounts bitcoin I omit, maybe it is 0.2 BTC, the amount to quite a lot of thought  Sad
are lost all you bitcoin in trading ? lol.
How can. are you a trader altcoin / BTC?
I also sometimes choose the wrong altcoin. I buy coins wrong, and prices continue to fall and die. approximately I lost more than 0:03 BTC
hero member
Activity: 504
Merit: 500
February 18, 2016, 07:45:46 PM
There's no way to correctly know how many coins are lost forever. I guess this will only be possible to know after all coins have been mined.
full member
Activity: 126
Merit: 100
February 18, 2016, 07:32:49 PM
I believe that no one really knows how much because of the amount of the users of bitcoin. Imagine the guy who throw away his hard drive with tons of BTC in it. Yes that's a real news... One of the main reasons it's basically impossible to exactly know the % of the supply that's lost forever is the fact that you can't know if an address that hasn't got activity for a long time means the owner lost the password, or the owner is simply holding those coins and working with other addresses for transactions.  Undecided
newbie
Activity: 1
Merit: 0
February 18, 2016, 05:48:45 PM
I do agree with you gents,people do loose their bitcoins,there are many sharks out there waiting to swallow your hard earned money Roll Eyes
hero member
Activity: 1008
Merit: 510
February 18, 2016, 05:41:16 PM
Only bitcoins that i have ever lost have been invested in "btc doubler" and didn't received anything back. That was when i just discovered bitcoins.
That's not lost in the sense of this topic. You lost them, but they're not out of the network.
Compare losing a 100 dollar bill to a camp fire, or losing it on the street for someone to find. The latter is what happened to you.

Actually losing bitcoins is even worse that losing a $100 bill in a fire in the grand scheme of things because the government constantly makes dollars so there's no limit so no net loss overall in dollars.  With bitcoins, any lost bitcoins are gone forever because the 21 million limit stays the same.
full member
Activity: 224
Merit: 100
February 18, 2016, 02:14:21 PM
Only bitcoins that i have ever lost have been invested in "btc doubler" and didn't received anything back. That was when i just discovered bitcoins.
Haha I feel you bro.
but its not lost, its in the wallet of a scanmers  Grin
tyz
legendary
Activity: 3360
Merit: 1533
February 18, 2016, 02:10:50 PM
It is impossible to say. There are only estimations where 20-30% of all yet created Bitcoins are lost. I do not believe that the amount is this much but 10-15% is possible.

Is there an estimation of what percentage of bitcoins per year are and will be lost forever?  I think someone could come up with a percentage but it would be just an estimate because we will never know for sure what has been lost.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
February 18, 2016, 01:44:59 PM
Only bitcoins that i have ever lost have been invested in "btc doubler" and didn't received anything back. That was when i just discovered bitcoins.
That's not lost in the sense of this topic. You lost them, but they're not out of the network.
Compare losing a 100 dollar bill to a camp fire, or losing it on the street for someone to find. The latter is what happened to you.
full member
Activity: 183
Merit: 100
February 18, 2016, 01:41:28 PM
Only bitcoins that i have ever lost have been invested in "btc doubler" and didn't received anything back. That was when i just discovered bitcoins.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
February 18, 2016, 01:29:47 PM
an important part may be lost because some people forgot their keys or from other causes. that makes it even valuable...because from 15 mil. coins probably only 12-13 millions are still active - do you know what will mean to own 1 coin ?  Wink
My question now is: how good/bad is this for Bitcoin? Yes it's value may go up as more coins are lost, but on the other hand it does not inspire confidence to people if your money can be lost this easily!
Just like I once read that fraud should be added to the transaction cost, just like the cost of fraud is included in a credit card fee. If you include this, Bitcoin transactions are much more expensive than conventional banking. If 10-20% of all bitcoins are lost in just 7 years, how likely are you to still have your coins a few decades from now?
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
February 18, 2016, 01:17:47 PM
I recently lost 0.01 BTC is currently trading play, if I count all amounts bitcoin I omit, maybe it is 0.2 BTC, the amount to quite a lot of thought  Sad
hero member
Activity: 1008
Merit: 510
February 18, 2016, 12:49:53 PM
Is there an estimation of what percentage of bitcoins per year are and will be lost forever?  I think someone could come up with a percentage but it would be just an estimate because we will never know for sure what has been lost.
sr. member
Activity: 378
Merit: 250
January 23, 2016, 07:47:45 PM
It will be forever an eternal mystery. My only guess is that it's a lot, lot more than many think.

this is a good thing afterall, the more they are the better for the price if everything else remain the same

anyway it was estimated that they were around 3M at least, i don't remember where i saw this now
Wow. I thought the number would be in the 10 thousands, not the millions. That is a lot of Bitcoin lost.
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