one question tickling my mind | Bitcointalksearch.org

weblouartisan

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Lets Go Adab

Quote from: Netpyder on March 05, 2015, 07:21:54 AM

i have one question..

in 2011 bitcoins per 50,000 to 500,000 we spent for nothing, just pranking and stuff...

if one person kept 50,000 bitcoins in his account from 2011 up till now,

would the bitcoins still be valid for transactions?

It will be always valid for transaction, there are a lot of people today who are holding a huge amount of coins and they are all very wealthy so keep on holding your coins today in order to earn more profit in the future.

Tres_row

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Quote from: ace1105 on June 26, 2018, 06:57:56 AM

Quote from: inspirone1 on June 26, 2018, 06:13:59 AM

I've heard there are some big whale companies, that are having tons of bitcoins on their account somewhere. And they just hold it, so that's a power to destroy a market of Bitcoin but they're holding them.

Yeah I do believe that there are lots of big whales that holding bitcoin but I do not agree that those company will have plans to destroy bitcoin as they using it to goin huge profit.

This is definitely true, the entire idea is to hold a huge pie and gain profits from pumps and dumps. There is no point in destroying BTC.

Rastafarian

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For some time now, I use to ask myself that when will the prizes of bitcoin and other alts stabilize? Since I came into the crypto currency business, there has been ups and downs, fall and rise in the coins and have not witnessed stability.I hope to have witness in the nearby future to boost my appetite for trading.

ace1105

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Quote from: inspirone1 on June 26, 2018, 06:13:59 AM

I've heard there are some big whale companies, that are having tons of bitcoins on their account somewhere. And they just hold it, so that's a power to destroy a market of Bitcoin but they're holding them.

Yeah I do believe that there are lots of big whales that holding bitcoin but I do not agree that those company will have plans to destroy bitcoin as they using it to goin huge profit.

inspirone1

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I've heard there are some big whale companies, that are having tons of bitcoins on their account somewhere. And they just hold it, so that's a power to destroy a market of Bitcoin but they're holding them.

kristineirene

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Quote from: Netpyder on March 05, 2015, 07:52:55 AM

Quote from: Amph on March 05, 2015, 07:51:34 AM

they don't lose their intrinsic value, just the value given by people in the world

so 50k bitcoin from 2011 are still 50k bitcoin today, if you were so good at holding them all Grin

yeah lol. if anybody knew this kind of cash was coming. i think they would have collected every possible bitcoin they would find lol

If i knew the bitcoin way back maybe now im already a owner of my own company Grin

squog

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Yup... It doesn't matter how long you didn't touch it. It's still yours. If, as a prank, you actually bought 50k bitcoins back in 2011 or even 50k USD worth of BTC back then, then my friend you stumbled on something very nice indeed. You can even freaking retire and just enjoy your life now. I just hope i did it back then though.

Amajaa

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It will not affect its validity it has no expiration as long its accessible and we are the ones responsible how to s3cure our wallet and those who have been holding for that long are on better life now.. And lucky those who know bitcoin for bitcoin give us good opportunity to earn for real.

vuanhquan

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One person keeps 50000 bitcoins since 2011, after 7 years the value has increased x500,000 times, no one thought that would happen, those who bought ico and hold bitcoin and did not lose, surely now they are very rich.
Life in dream. <3

Erganadine2728

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Of course it can be if he still holds his wallet and still remember the key. It will not burn and disappear. The balance will still exist if he secures it correctly.

ethereumhunter

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as long as he can access his wallet with the private keys, the amount of bitcoin will be the same as in 2011 and he is the richest person in his city if he decides to sell the most of bitcoin that he has. the transaction will still valid but I guess that he needs to synchronize his wallet first before he can sell it and change to fiat. I am sure that there is any person that still hold bitcoin in his/her wallet from a long time ago and he/she is not selling until now. 50,000 btc is a lot of money if he/she convert into fiat and he can buy anything that he/she want.h

boksoon

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Quote from: Netpyder on March 05, 2015, 07:21:54 AM

i have one question..

in 2011 bitcoins per 50,000 to 500,000 we spent for nothing, just pranking and stuff...

if one person kept 50,000 bitcoins in his account from 2011 up till now,

would the bitcoins still be valid for transactions?

Of course yes because Bitcoin since the beginning the quantity of what you have is still the same it will not increase or decrease even until now, its about almost 9 years ago but only the value can transform into a high price and the good thing is until now it's still valid for transaction and acceptable anywhere.

Casdinyard

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Quote from: PonyBoy on May 18, 2018, 05:01:04 AM

For sure it will valid forever, there are no expiration date of bitcoin, and it can be used as long as the person have access to own private keys

Yeah like what's with you buddy? I know for sure if it have a validity it should be written in whitepaper. And as far as I remember, the whitepaper clearly says it all. So yeah there's no expiration regardless what year and how many someone bought. All does matter is the price like if you bought before it will surely have significant amount now.

lolehiM92

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The question that came to my mind was how to make bitcoin transactions easy, fast but safe. I wish the bitcoin was more popular and less legitimate and was considered by everyone national currency

pelipurlara

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the obstacles that are often faced is the risk of loss that makes traders become frustrated and afraid to try reinvesting. I think that still holds true if somebody keep bitcoin in a few years before

PonyBoy

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For sure it will valid forever, there are no expiration date of bitcoin, and it can be used as long as the person have access to own private keys

niz3r_nade

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as long as we are alive, there is still internet network and most important do not forget the key of our wallet, I think your bitcoin still apply for transaction use, because as far as I know bitcoin is not time limit and not stale like food then throw away.

acener

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Bitcoin is valid or usable if you have kept your private key or access to your wallet. Well, I am sure that a lot of people who invested or even mined bitcoin when it was very cheap didn't think that bitcoin will reach the current price. Some might have lost or forgot to secure their wallet.

raven7886

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Quote from: Falmera on May 11, 2018, 12:55:05 AM

Quote from: Netpyder on March 05, 2015, 07:21:54 AM

i have one question..

in 2011 bitcoins per 50,000 to 500,000 we spent for nothing, just pranking and stuff...

if one person kept 50,000 bitcoins in his account from 2011 up till now,

would the bitcoins still be valid for transactions?

Yes, i do not think bitcoin has validity period. So, if he can still access to his wallet then he can sell his coins or for whatsoever purpose it will be. But if he cannot access to his wallet, then his bitcoin will just sleep in there.

Yeah, the only thing that can make that invalid is when such a person has totally lost the private keys and apparently no access to the wallet again whatsoever, then that is considered lost forever. However, as long as the keys are still intact and the person can still easily access the wallet no matter how long it is kept in it, then there is nothing that is going to be affecting it at all. Obviously, once the person in question has a target to sell them when he is ready, he definitely will.

Quote from: liseff3 on May 11, 2018, 01:27:25 AM

Bitcoin old and new will have the same value, so far I know bitcoin does not have "Expiry Period" during circulation is still ongoing and can be used as a tool of transactions both for trading and investment.

As long as it is still bitcoin and nothing changed whatsoever which I believe nothing will, there is nothing that is going to end up invalid for transaction for bitcoin. The only reason why it could no longer be used for transaction is if there is no more access to such wallet and the person obviously cannot do any transaction in such scenario, except for that, it is always going to be valid for transaction.

ttking

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Interesting question! I have never thought about this but I think it would be possible to still using those coins. I think there is no a person who would be able to hold them for so long because you need to have great patience.

Topic: one question tickling my mind (Read 3606 times)