Topic: How much bitcoins was lost permanently? (Read 272 times)
i think bitcoin remain the same amount the lost maybe because an accident or something like that have relation with private key or just end on wallet with small amount that user doesnt care much and combine maybe will be alot of it
Hello 
The current number of bitcoins generated today is about 18730000 . I wonder how much of it has been completely lost,
I mean mostly bitcoin which were not transferred for example 10 or 8 may be 6 years.
I am also sure that many people have lost their private keys to their wallets and also do not have access to them.
Can you please suggest or refer me to some site what percentage value we can assume how much of the 18M is currently in circulation
I once read a site that stated, "Nearly 4 Million Bitcoins Have Been Lost Forever, According to New Research." According to fresh analysis from Chainalysis, a digital forensics business that investigates the bitcoin blockchain, 3.79 million bitcoins have already vanished—and 2.78 million according to a conservative estimate.Those figures imply that between 17 and 23 percent of existing bitcoins, which are currently valued at roughly $8,500 each, will be lost.The current number of bitcoins generated today is about 18730000 . I wonder how much of it has been completely lost,
I mean mostly bitcoin which were not transferred for example 10 or 8 may be 6 years.
I am also sure that many people have lost their private keys to their wallets and also do not have access to them.
Can you please suggest or refer me to some site what percentage value we can assume how much of the 18M is currently in circulation
Just like gold can be lost on the seabed or a $100 bill can easily be burned. Bitcoin could also disappear from the Internet forever. When all 21 million BTC are mined, the actual amount available for trading or spending will be significantly lower. About 4 million bitcoins have disappeared in my opinion. This amount corresponds to 23% of the bitcoin supply.
1.85 M coin have not moved since Jan 2011.
https://bitinfocharts.com/top-100-dormant_9y-bitcoin-addresses.html
Satoshi, or whoever used the 'Patoshi' pattern, had about 1M coin.
https://coincodex.com/article/8329/what-is-the-patoshi-pattern-and-what-does-it-have-to-do-with-bitcoin-inventor-satoshi-nakamoto/
So that leaves about 0.85 M of other coin. This could easily have been gained and lost between a few people who have passed on, like Hal Finney. Whether the coin by Hal, David, others, or Satoshi are lost depends largely on whether they left a way for others to recover them. After that, you'd have people who lost them in much smaller amounts, which could sum up to a lot, but is much harder to do.
I personally think that there are riddles in early bitcoin, with jokes and philosophy intermingled in it. One day, someone might figure these out and recover parts of Satoshi's fortune. There are also tests, like this: https://bitinfocharts.com/bitcoin/address/1FvUkW8thcqG6HP7gAvAjcR52fR7CYodBx Which has patterns in its transactions, probably to see whether the cryptography can be broken with such patterns.
The path of 4bitcoin may one day reveal its mysteries..
https://bitinfocharts.com/top-100-dormant_9y-bitcoin-addresses.html
Satoshi, or whoever used the 'Patoshi' pattern, had about 1M coin.
https://coincodex.com/article/8329/what-is-the-patoshi-pattern-and-what-does-it-have-to-do-with-bitcoin-inventor-satoshi-nakamoto/
So that leaves about 0.85 M of other coin. This could easily have been gained and lost between a few people who have passed on, like Hal Finney. Whether the coin by Hal, David, others, or Satoshi are lost depends largely on whether they left a way for others to recover them. After that, you'd have people who lost them in much smaller amounts, which could sum up to a lot, but is much harder to do.
I personally think that there are riddles in early bitcoin, with jokes and philosophy intermingled in it. One day, someone might figure these out and recover parts of Satoshi's fortune. There are also tests, like this: https://bitinfocharts.com/bitcoin/address/1FvUkW8thcqG6HP7gAvAjcR52fR7CYodBx Which has patterns in its transactions, probably to see whether the cryptography can be broken with such patterns.
The path of 4bitcoin may one day reveal its mysteries..
Asked countless times already and there is no true way to know except those coins regularly sent to burn address. Those that are physically lost you can always predict someone finds it again one day like that guy digging the trash for his old hard drive:) I think it does not really impact us overall.
^ Because the fact is that there is no tool that can be used to measure those BTC wallet addresses that are inactive. It could most of them are lost of holding in exchange, big companies and other big and small individual investors who held their BTC for a longer time. We don't really know or determine if we based on the activity of the wallet. So we are here to have a prediction on how many BTC has been locked on the wallet but the fact, there is no accurate answer for that. Nevertheless, there could be instances that one day, a long-time lost private will be found and that amount will belong to the BTC circulation supply. 
According to the statistics of professional organizations, the total number of bitcoins in bitcoin wallets that have been inactive for more than 5 years is about 4 million-it is not certain that these wallet keys are lost, but it is reasonable to guess that most of the keys are lost Up!
Between these are mine as well and I can tell you they are not lost. They are just inactive for many years, 7 or 8. A lot are like these. One day these addresses will be used. I'd say at least half of those keys are still valid.
I believe the same.I know a couple of persons who are Hodling from a long time now.I tried to emulate that since 2015 and I couldn't because I always withdraw or invest in other sites and usually withdraw some amount of coins every month,including a small amount of Bitcoin.There is a possibility too that some of those keys maybe lost but I think this is rather a small number than a big number,so overall a lot less Bitcoin I think is burned compared to the actual approximate number presented here.
According to the statistics of professional organizations, the total number of bitcoins in bitcoin wallets that have been inactive for more than 5 years is about 4 million-it is not certain that these wallet keys are lost, but it is reasonable to guess that most of the keys are lost Up!
Between these are mine as well and I can tell you they are not lost. They are just inactive for many years, 7 or 8. A lot are like these. One day these addresses will be used. I'd say at least half of those keys are still valid.
The only “gone for good” bitcoins are the burned and the OP_RETURN outputs. There isn't any other way to be sure that the private key of an address is lost by mistake and isn't known to anyone. Sure, there were old incidents like the guy who threw away a USB containing a private key whose address had 7,500 BTC, but you can't be sure that it ain't a lie. When we're looking in the blockchain we want proof.
I wouldn't call Satoshi's bitcoins lost. They have their own category.
I wouldn't call Satoshi's bitcoins lost. They have their own category.
This will be hard to determine since untouched bitcoin from many years doesn't mean it is lost. Even the near-accurate estimates of permanently lost bitcoin are hard to determine because not everyone is publicly declaring that they have lost a private key that could result in being permanently lost.
We never know for sure how many bitcoin are permanently lost and can no longer be recovered. Meanwhile you can find out from various site that there are currently 18,731,712 bitcoin circulating in the market out of a total of 21 million bitcoin. There are approximately 2.268.288 bitcoin currently missing from circulation and it is likely that the number will increase or decrease as they can still be recovered and lost due to user error. You can monitor it live anytime here.
Asked countless times already and there is no true way to know except those coins regularly sent to burn address. Those that are physically lost you can always predict someone finds it again one day like that guy digging the trash for his old hard drive:) I think it does not really impact us overall.
We are still not sure about it, some people might hold a large amount of money to be sell on the peaks or if some people died while holding it and no one can access the wallet. There's really no assurance about it so it is not known how much Bitcoins were permanently lost. Just like what people said it still depends if Satoshi is still alive he holds the largest share of Bitcoin in the world.
Exactly what I was thinking, the exact number can't really be determined like census because we don't have an exact knowledge of how many lost their coins this day or yesterday. I don't think that satoshi will spent those bitcoins or probably he have already we just didn't know about it.
There are people who already forget they have bitcoin account some already lose their access on their accounts and already forgotten their passwords or keys. There will be many lost bitcoin which cannot be analyze Unless the owner knew about how much they have save. They may not consider the fact that this loss in the market but a sellers or the person who owns it but never have a chance to access it again will consider it as their loss unless there are people who are going to try to have their accounts and use them. They will be keep as holding for the market.
There are some estimates about lost BTC, and the number is around 3-4 million Bitcoins. But it's important to understand that it's impossible to know the real number and how far off the real number and the estimate are. If bitcoins aren't moved for years, they can be presumed to be lost, but it doesn't mean that this is truly the case. After all, people can have access to them and simply hodl them all this time. Then there are Satoshi's bitcoins which might be lost but are possibly not. And even when people claim to have lost access to their wallets where they had big sums, there's a chance they'll find their passphrases at some point. The only truly lost bitcoins are those sent to burn addresses to which nobody has access, but I'm not sure that even all of those were counted properly, and they make up a very small amount out of these millions anyway.
Like other users have said, the sole fact that certain coins haven't been moved for 5, 6, or more years, can't be used to argue that those coins are lost or inaccessible. But my guess would be that at least half of the addresses that haven't seen any activity in the last 10 years can be considered out of reach somehow. Bitcoin has had several bull runs in the last decade, and it's hard to imagine that so many people didn't cash in at least a little bit.
I do remember reading a Chainalysis report from the beginning of the year where they estimated that at least $100-$200 billion worth of coins are forever lost. That's the value the bitcoin had half a year ago, it's much more now.
I do remember reading a Chainalysis report from the beginning of the year where they estimated that at least $100-$200 billion worth of coins are forever lost. That's the value the bitcoin had half a year ago, it's much more now.
We are still not sure about it, some people might hold a large amount of money to be sell on the peaks or if some people died while holding it and no one can access the wallet. There's really no assurance about it so it is not known how much Bitcoins were permanently lost. Just like what people said it still depends if Satoshi is still alive he holds the largest share of Bitcoin in the world.
That depends on whether or not Satoshi Nakamoto is alive.
I think that he is still alive although, I do believe that he isn't just one person because bitcoin is far too complex for only one person to create alone, satoshi might have some help.
According to the statistics of professional organizations, the total number of bitcoins in bitcoin wallets that have been inactive for more than 5 years is about 4 million-it is not certain that these wallet keys are lost, but it is reasonable to guess that most of the keys are lost Up!
This is an unknown number. Someone may have forgotten their password or remembered their password again someday in the future. There is no data to consider.
True and it could very well be that where the password was stored have been located by the owner and now s/he can re-access their wallets again. I have read in this Forum where some people will say that that have never moved their bitcoin since they bought them, all this can also lead to miscalculation of what you intend to know. So it might not be that because it is up to 6 or more years that some Bitcoin wallet have been idle means that those Bitcoin have been lost. This is an unknown number. Someone may have forgotten their password or remembered their password again someday in the future. There is no data to consider.
Not entirely unknown because I am pretty sure that people have keep track of bitcoin supply. Although, it's not really worth worrying about it because there's no point because they have no way of knowing if that bitcoin that they label as lost was just frozen for a decade and will be opened when the time it was supposed to be opened is reached. Jump to: