Topic: Lost Bitcoins - page 6. (Read 1200 times)
Lost wallet with bitcoins. There's a possibility to loss our wallets with huge amount of bitcoins. But let's go back to the lost bitcoins. Lost bitcoin will stay forever on where they stored. It will only used if someone gets its privatekey that will open lost wallets and get those bitcoins that's stored. For example Satoshi's bitcoin wallets are having a billions of dollars that's valued bitcoins. You'll be lucky if satoshi gave his private key to you. Bitcoin stored on lost wallet will become useful until someone found the wallet.
When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?
The more new altcoin I'm sure the blockchain system will not disappear and maybe the bitcoin will not disappear somehow later. With bitcoin we can all improve our finances, so I'm sure the bitcoin and blockchain system will be preserved because cryptocurrency is somehow a very valuable asset.I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?
No one knows exactly how many bitcoins are lost in the wallets of the old owners and nothing can be done about it. But even without this, the price of bitcoin will gradually increase every year, as there is a deficit. People wishing to get it become more and less tokens themselves here and have it.
Loses due to negligence or other forms of events that may affect the retrieval of the digital coins may just be a very small amount compared to the total volume so I think this may not have so much effects to the entire volume amd its price. It is quite impossible to say that many of the coins are lost or becomes irretrievable but should the case be, the remaining coins value will be stable given that only a few are then trading.
Yes those lose bitcoin are small amount compared to the total volume, however those lost bitcoin connot be recovered without the presence of private key. We are the one who responsible if our private key will lose.
in the lost bitcoin crypto world because of technical and non-technical issues I think that's part of the risk in the crypto world, and I think today the bitcoin price has not reached its peak and will still continue to rise to its peak and will end with a natural cycle
Loses due to negligence or other forms of events that may affect the retrieval of the digital coins may just be a very small amount compared to the total volume so I think this may not have so much effects to the entire volume amd its price. It is quite impossible to say that many of the coins are lost or becomes irretrievable but should the case be, the remaining coins value will be stable given that only a few are then trading.
That's why in this year many new coins are offering high security technology or good storage for crypto. I just use a soft wallet to place my crypto stash and partly I use to trade in the market.
As long as you have access to your private key you cannot loose your bitcoins. if you lost your keys then they are gone. for this reason we can use hardware wallet . offline wallets and paper wallet to store your private keys.
In this world of cryptocurrency it is a must to secure your own copy of your important details, bad things happen everytime you must prepare for it, if anything happen to your bitcoin information probably lost then you don't have to worry because you have back up copy.
Everything is risks when we have crypto it should save and secured. Never lost it this will have gains profit when you have btc. So when we hold and being patient about we have surely we can gaining good profit. Death is inevitable and even from the case of the man holding a lot of people that dies recently with no one having his details, is one example of how coins have been lost and gone forever which includes bitcoin as well.
If cryptocurrency volume will be going to decrease even more due to some reckless actions like forgetting your password then the price will keep on increasing, always remember that a low amount of supply will lead to the price of coins to increase even more in the market.
If that will happen it means it is lucky to other because of one mistake. The increase of the value is the happeness of everyone because it can put up the profit in different way to go. When the market is red everyone tried to hold and waiting to high the value maybe that is the cycle of crypto currencies.
I believe a time will come when people will start realizing better ways to store up their assets in cases where they may have to leave it as an inheritance when they pass on, as death is one way a lot of coins has been lost till date apart from carelessness.
When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?
I don’t think that’s ever going to happen. Yes there are going to be lost Bitcoins, but I don’t think it will get critical to the extent of affecting the Blockchain and users and causing supply to be less. But I do know that anything can be possible, so if there happens to be such a thing, I think the devs will find a way to solve the problem or maybe they will just leave it that way just to make the price high. I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?
When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?
At some point soon I believe there will be more lost Bitcoins than those that aren’t lost. We don’t know exactly how many are lost because many are lost when the owner dies and no one knows about the Bitcoins. There are also many people that leave dust on a wallet because it costs more to transfer those coins in fees than the coin’s value.
If bitcoin going to lost for various reasons, it will remains encrypted in the block chainin block chain. However, it will never disappear and remains there until it is decrypted to access it. Despite the complexity of the keys used, these are all mathematical codes that can be hacked by other technologies in the future. One possible example of this is quantum computers that are able to do this. Taking into account the fact that bitcoin will become increasingly difficult to extract and that its number is limited, it will grow in price, which will facilitate the use of various new technologies to gain access to lost bitcoins. Apparently, it will be something like the mining of lost bitcoins.
Now if you have lost Bitcoins then I will suggest you to invest more in the current market because the price is achievable and affordable and you can make a collection of Bitcoins which will payoff in high market so you will recover your previous loss.
When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?
The more new altcoin I'm sure the blockchain system will not disappear and maybe the bitcoin will not disappear somehow later. With bitcoin we can all improve our finances, so I'm sure the bitcoin and blockchain system will be preserved because cryptocurrency is somehow a very valuable asset. I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?
such conditions are very difficult to avoid and traders will be disappointed when lost. If altcoin really decreases it will make panic traders to immediately sell it
In this world of cryptocurrency it is a must to secure your own copy of your important details, bad things happen everytime you must prepare for it, if anything happen to your bitcoin information probably lost then you don't have to worry because you have back up copy.
Everything is risks when we have crypto it should save and secured. Never lost it this will have gains profit when you have btc. So when we hold and being patient about we have surely we can gaining good profit.
whenever bitcoin will never disappear, now bitcoin is falling in its price, I am sure that bitcoin will advance, maybe this is just a problem that is fixed on bitcoin, and finally all the price or bitcoin price goes down very much.
When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?
If cryptocurrency volume will be going to decrease even more due to some reckless actions like forgetting your password then the price will keep on increasing, always remember that a low amount of supply will lead to the price of coins to increase even more in the market.
If that will happen it means it is lucky to other because of one mistake. The increase of the value is the happeness of everyone because it can put up the profit in different way to go. When the market is red everyone tried to hold and waiting to high the value maybe that is the cycle of crypto currencies.
In this world of cryptocurrency it is a must to secure your own copy of your important details, bad things happen everytime you must prepare for it, if anything happen to your bitcoin information probably lost then you don't have to worry because you have back up copy.
When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?
If cryptocurrency volume will be going to decrease even more due to some reckless actions like forgetting your password then the price will keep on increasing, always remember that a low amount of supply will lead to the price of coins to increase even more in the market.
If that will happen it means it is lucky to other because of one mistake. The increase of the value is the happeness of everyone because it can put up the profit in different way to go. When the market is red everyone tried to hold and waiting to high the value maybe that is the cycle of crypto currencies.
Once the person who owns bitcoin and no one knows about his private key, we can say that all has gone. Because once we did not recover our password we couldn't retrieve our earnings for it is on the secure storage. Better to take care in organized way your wallet.
This is the risk of losing your private keys or if you don’t have any backed up about your wallet because there is no way to recover your loss, so you have to be careful on protecting your details. So many cases like this, learn from that costly mistakes.Jump to: