Topic: Lost bitcoins - page 3. (Read 864 times)
Bitcoins that disappear from the market may never return to the market. The bitcoins that were said to be lost I think were deliberately taken out of the market to increase the value of bitcoins. If the amount of Bitcoin that disappeared from the market comes back into the market, the price of Bitcoin will go down a lot and people will lose faith in this coin. The main reason that the price of Bitcoin is at a normal level is that there is a certain amount of Bitcoin in the market that some people are buying or that some people are selling, that is, Bitcoin is not added to the market beyond the specified limit, but whenever it is added to the market beyond the specified limit, its demand will decrease a lot in the market.
If it is recovered and sold on the market I think it will be affected for a few days and bitcoin will be stable again. Over time, bitcoin is still rare
Very few of these are actually recovered. The majority are lost forever and we should not give much importance to that. While they are not recovered we have to consider them as sold at zero price and hence they make the total pool of available bitcoin lower and hence raise the price. But I agree that Bitcoin itself is rare and not much liquid even today and hence it's price is high. We should focus on increasing the amount of Bitcoin that we own and leave out the rest.Also keeping the coins safe is an important thing as well. Don't lose your one coins thats the main thing.
Bitcoin that is lost is already lost forever, but there are instances where it is not lost as they recovered their seed phrase and were able to unlock their wallet, which means it is not lost. If you ask if the price will drop, it will definitely drop if someone sells tons of Bitcoin, but the chances right now are very low and rare that those lost bitcoins were recovered.
I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.
If it is recovered and sold on the market I think it will be affected for a few days and bitcoin will be stable again. Over time, bitcoin is still rare If the lost Bitcoins were for instance recovered will the price of Bitcoin drop because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.
Bitcoin has a maximum total supply, which has already created and no additional Bitcoin is going to create, in time's of lost Bitcoin wallet has no meaning if it replaced as long no additional Bitcoin going to be created but rather using the reserve to feel the gab of the lost wallet, I don't think such can exist, because lost of Bitcoin is a result of lost of private key, password and devices used to store your Bitcoin, in the near future Bitcoin will taken advantage of lost to keep increasing in price, because of scarcity in the cryptocurrency market.
Before there are talks about extending the Bitcoins supply I think they will use a technology called Taproot if I am not mistaken. I wonder if that development are still on going but we will see soon if they are successful with that or not.There is no such thing as reserved Bitcoin that will replace the lost Bitcoin of others. Once a private key is lost, there might be a recovery method that we can use to find them, if not then we can declare that the Bitcoins are lost completely. We shouldn't wish that many people will lose their Bitcoins even though it can make the price rise. That's evil. Besides it is still possible for Bitcoins value to grow the natural way.
I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.
When talking about lost bitcoins there is a possibility that it cannot be recovered because the habit of losing bitcoins is caused by carelessness and negligence of people in saving seeds or keys to bitcoin storage wallets. Why should people be happy when the bitcoin price drops? If in theory you mean a drop in bitcoin only at the time of purchase and wishing the price of bitcoin to go down it might still look normal, because generally people would try to take advantage of the drop to buy it, so the theory you mean is weak and unprovable.If the lost Bitcoins were for instance recovered will the price of Bitcoin drop because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.
The supply and demand process plays a much larger role and will remain in effect throughout its journey. When bitcoins are lost because access to wallets is no longer affordable, they can no longer be used forever by anyone. Therefore storing bitcoins in a secure wallet and securing the seeds and keys is also very important.
Markets are mysterious. You wondered why some could enjoy declining Bitcoin prices. This contradictory attitude has a rationale. As an avid market observer, I see price decreases as opportunities for new crypto entrants. They can buy Bitcoin at a discount and hope it rises again, as it usually does.
The hypothesis is weak, but its reinforced by "buy low, sell high." Supply and demand are the fundamental drivers, but market mood is influenced by such opportunities. We agree on protecting those keys and seeds.
I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.
Depends on the "amount" of lost bitcoin being recovered. If it is few bitcoins, then no, it won't affect the market. If a wallet was recovered with significant amount of bitcoin recovered (like a lot lot lot), then yes, it might affect the market, but just a little. There will be people that will panic and start selling without understanding anything, and others will follow seeing the price crash. They don't even care if the recovered bitcoin is going to be sold or not. And when the price crashes, others will see as an opportunity, grab it as a discount and the price will start going up. So yeah, a little hiccup on the market and then everything goes back to normal like nothing happened. If the lost Bitcoins were for instance recovered will the price of Bitcoin drop because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.
Today my laptop SSD broke, and all the passwords remained there. How can I get information from there? 
This is why one should always keep backups at about 3 or more different places where they know they are safe so that if something goes wrong with the initial source where your information is saved, you can use the alternative source to recover your funds. This is of utmost recklessness if you have a lot of funds and your keys were only saved in your SSD that got damaged and it always had the possibility of breaking or getting damaged somehow. People don't take good care of their assets and the wallets where they are keeping their funds and then start complaining that Bitcoin is not safe because their funds are lost or stolen, etc. Your funds will be safe but only if you know how to keep them safe and take good care of everything involving your wallet and funds.
Today my laptop SSD broke, and all the passwords remained there. How can I get information from there?
Your issue is off-topic to this thread unless you had something as valuable as the password to your crypto wallet on your SSD too. And by the way, "no backup, no mercy!" would be the emotionless answer of an IT guy. Next time you care about not creating a single point of failure and having no backup as I imply from your little details.
Did you loose your access to a wallet password?
Back on topic...
As far as I remember there have been threads about provably lost bitcoins, i.e. those whose redeem script can't be fullfilled ever or where miners didn't claim full block reward, be it intentionally or by error. Those I consider kind of vandalism or some strange sort of statement.
Then we have lost private keys, provably lost private keys specifically. Those coins are lost by security of Bitcoin's cryptography. Well, as shit happens all the time, their amount will likely slowly rise. I know of at least one thread some years ago which tried to sum up the amount lost by provably lost private keys. Of course this works only for users who have reported known losses of their own here in this forum.
Then there are burn addresses for which very likely no public and private key exists (and never will unless Bitcoin's security gets broken). I don't like locking coins into those either, probably the worst examples as of today's balances are:
| Burn address | No. of transactions | Locked amount in BTC | ||
| 1CounterpartyXXXXXXXXXXXXXXXUWLpVr | 2922
I read some old threads about lost Bitcoins ND this question has been on my mind ever since The answers is given by Og , and yes if that bitcoin you are calling is being found then that is not a lost bitcoin instead it is recovered so why need to make this an issue.If the lost Bitcoins were for instance recovered will the price of Bitcoin drop because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost. and if what you are telling is right then let it be there as a contribution for the network? but sorry to tell as it is not , instead it will be lost forever and no one will benefits from those lose bitcoins or even other coins. I myself have lost bitcoins from my forgotten Phrases and yes I admit it to be there in the air forever. If you lose Bitcoin due to being unable to access it, the asset will automatically freeze until you can recover it That depends on the situation, if you leave your seed phrase in elsewhere and someone pick it up, your would lose all of your coins forever if the person sweep your coins.A lost Bitcoin network cannot be fully recovered as it is considered a network donation. But if a hacker wants to do a full rescue, the market can change a bit. But it won't destroy the market completely but Bitcoin market will dump a bit and then it will rise again. But I think it might be good for us if the lost bitcoins are recovered. How you can be pretty sure it won't destroy the market completely? if there's a hacker can access the old wallet, it's mean the Bitcoin security isn't safe since there's a chance they can access your wallet too. Many people are use Bitcoin to store their wealth which mean they put all of their money in Bitcoin, they would be scared if Bitcoin isn't safe. I read some old threads about lost Bitcoins ND this question has been on my mind ever since No one knows exactly how many bitcoins have been lost forever, every now and then there are thousands of bitcoins that suddenly move again after being inactive for a lot of years and usually it's not a problem for the price. I would only be worried if one day Satoshi's bitcoins will be on the move again...If the lost Bitcoins were for instance recovered will the price of Bitcoin drop because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.
A lost Bitcoin network cannot be fully recovered as it is considered a network donation. But if a hacker wants to do a full rescue, the market can change a bit. But it won't destroy the market completely but Bitcoin market will dump a bit and then it will rise again. We have seen many situations where many bitcoins are lost in wrong address but they cannot be recovered even after years. But I think it might be good for us if the lost bitcoins are recovered. If this is done then it will have some effect on the price of Bitcoin and its price may affect some of the demand.
Bitcoin price falling or not need many factors , If those wallets are opened can create an instant sell wave but the market will recover soon after
Today my laptop SSD broke, and all the passwords remained there. How can I get information from there?
If it's too good to be true, it's probably not real. I was tricked by the many profits promises that I forgot to think of its actual possibility. It was a terrible time for me and my family but I am grateful the universe gave me another chance. I was introduced to Fred to file for recovery. I got in touch with Freddictine At consultant com) and reported my experience. Their processes are seamless and effective. Every victim of such scams can get a solutions
No one is happy when the assets that are considered the most valuable are lost, I will also regret my negligence in saving the seed phrase which resulted in loss of assets. If you lose Bitcoin due to being unable to access it, the asset will automatically freeze until you can recover it, this will not have a significant impact on the bitcoin price even if the number in circulation decreases. Even though 21 million Bitcoins are still in circulation, the Bitcoin price will continue to increase as long as the demand is greater than the supply.
Only if all those lost bitcoins are made available for sale on exchanges, then they can effect the price. Even if the supposed lost Bitcoin is made available for sale on exchanges, there's likely not going to be any effect except all of it is placed on sale at the same time and that will be on a large scale. I know we're dealing with a hypothetical situation here but you and I know that these lost coins will never be recovered, never. I'm one of those who believe vehemently that there's no coin, especially Bitcoin, whose maximum supply will be same as circulating supply. There's bound to be loss due to death and the inability of the deceased to pass it on will always be there. Loss occasioned by carelessness will also be there. Remember how careless and nonchalant most early adopters were about Bitcoin because of lack of faith in the project and so not many of them carefully kept their PKeys or passwords. I read some old threads about lost Bitcoins ND this question has been on my mind ever since If the lost Bitcoins were for instance recovered will the price of Bitcoin drop because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost. Actually, it affects the market price if you buy or sell your asset it makes a price movement reason why you think it does not because you like in the small area only of the holders but if you are part of the whales and big company who is having a lot of money with their funds holding a different asset of cryptocurrency that's the time there's a possible huge pump or dump of the candles sticks. Sometimes these times are the reason why the bitcoin network are getting congested people keep selling their money and keep buying to grab the opportunity. I read some old threads about lost Bitcoins ND this question has been on my mind ever since If some coins that are presumed lost turn out to be available, or if some people regain access to the coins they lost earlier, these coins will effectively become a part of the circulating supply. It's nothing bad per se, as it's just some more movement on the blockchain. But it can have a negative impact if people choose to sell their coins, as that can lead to more BTC for sale than the demand for purchase, pushing the price down. Realistically, though, I don't think such a thing is going to happen, as a lot of money is needed to make a difference, even temporarily. If the lost Bitcoins were for instance recovered will the price of Bitcoin drop because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost. Jump to:
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