Yes it will still be valid, there are no expiration date for bitcoin as long as the person still remember the private key and got access to that coin, and that person will be very rich now and can buy a lot of thing that he wanted and can become inspiration for other crypto currency.
Topic: one question tickling my mind - page 3. (Read 3693 times)
Yes these bitcoins are still valid and will always be valid. Even how many years you have kept them, there would be no expiration for that as long as you also have kept your private keys to safety.
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?
I do not think that bitcoin has expiration of usage because bitcoin now and then are the same aside from the price that change over the years. Bitcoin then can be use for transactions even for how many years of keeping it to the wallet for its profit. It is not other coin that might use it's value when no more investors interested and no other company that uses that coin for exchange. 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 those bitcoins are still valid up until now if he chooses to keep those bitcoin and i don't think that there is an expiration for bitcoin to when it is only valid to use in transactions. That strategy the millionaires from bitcoin made their fortune they held their bitcoin from a few years up until now and they are now rich because they sold some of their bitcoin.
of course bitcoin is still used for transactions for those who want payment using bitcoin and if you save bitcoin when in 2011 with that much then surely now you can become rich. but all nobody can know the price of the coin they hold.
Ive actually read that over 4million bitcoins have been lost. There is an industry developing of people going into scrap yards and collecting hard drives and checking if they contain any bitcoin which I find interesting. I think this will only increase as the price increases as well considering there are potentially 4 million out there
You are too deep involved in the mainstream media circus. Yes, there are coins actually never going to be in circulation anymore, but that number is definitely not even remotely close to that 4 million figure. The main point of importance is that just because coins haven't been circulating in the last 5 or so years, it doesn't mean they are lost by default. In most cases these coins are being kept offline because there is simply no need to use or move them. What's the point of using these coins at current levels, when you very likely can do that at +$100,000 levels? On top of that, it may also be that they are being kept offline to avoid tax and all that....
Yes. Bitcoins don't lose validity as long as you keep the private keys safe.
But it is quite possible that some of the huge bitcoin stashes from early mining are inaccessible due to lost wallets - people did not be particularly careful with their wallets when bitcoins were worth basically nothing.
Onkel Paul
But it is quite possible that some of the huge bitcoin stashes from early mining are inaccessible due to lost wallets - people did not be particularly careful with their wallets when bitcoins were worth basically nothing.
Onkel Paul
Ive actually read that over 4million bitcoins have been lost. There is an industry developing of people going into scrap yards and collecting hard drives and checking if they contain any bitcoin which I find interesting. I think this will only increase as the price increases as well considering there are potentially 4 million out there
I think it's still valid if somebody keeps the bitcoin in a few years before however,the constraints that are often faced is the risk of losing so that makes traders become frustrated and afraid to try to re-invest.
This is no problem at all. As long as you protect your wallet safely, it is still effective now. One of the news I saw yesterday was that a technician found his 30 bitcoins in a computer hard disk five years ago, and when he opened the bitcoin purse, his bitcoin still was still there.
Btc don't lose validity as long as you keep your private keys in safe. But it's quite possible that some of the huge bitcoin stashes from early mining are inaccessible due to lost wallets
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?
He could be one of the millionaires in this technology if you had that numbers of coins. Yeah, nobody knows that the price will reach as high as $20k. 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?
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Well the question makes me nervous: What would you do when the bitcoin dies? When all bitcoin trading floors in the world collapsed. I really do not know what to do and how to get my money back if bitcoin hits bottom $ 0. But that will not come.
I don't know what I will do with my bitcoin when bitcoin dies because I hope that when the time comes, I am selling all of my bitcoin so at least, I can make money from bitcoin and I don't regret to not selling bitcoin as I have a chance to sell while it still worth. I think the other people will do the same as they don't want to hold something that is not worth. but I don't think that bitcoin will die in the future because bitcoin can help us to make money.
From the first coin ever mined to the future coins which would be mined, BTC won't lose its value. Doesn't matter whether you bought it for 5$ or 10$ or 1000$, every bitcoin is now equal to 9500$. All you need is private keys to access your wallet and you can access it from anywhere in the world. This is what makes this market so unique. We have seen so many people becoming millionaires through this.
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, validity of bitcoin remains viable for as long as you have the private keys of your wallet secured with you, if your private keys get compromised then anyone can transact with your wallet and then your coins will be gone for ever and there is also not any other way to reverse your transaction. 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. Bitcoins don't lose validity as long as you keep the private keys safe.
But it is quite possible that some of the huge bitcoin stashes from early mining are inaccessible due to lost wallets - people did not be particularly careful with their wallets when bitcoins were worth basically nothing.
Onkel Paul
. Bitcoin is lifetime to use,as long as you have your wallet password or exchange that you entrusted the coins this bitcoins will remain as yours for ever..But it is quite possible that some of the huge bitcoin stashes from early mining are inaccessible due to lost wallets - people did not be particularly careful with their wallets when bitcoins were worth basically nothing.
Onkel Paul
I think theres a highschool drop oup whos have this same past
https://www.cnbc.com/2017/06/20/bitcoin-millionaire-erik-finman-says-going-to-college-isnt-worth-it.html
Check this link and you'll see how great bitcoin is
I have watched that story and the video that tells the boy story and its amazing,but what im disappointment is whe the boy refused to study because he become a millionaire from holding bitcoins,if were the parent i wil now let my son do it just because of gaining own money,study is the treasure from parents that cant be taken from us
Well hell yeah it is still valid for transaction and the owner is very rich by this time lol. Bitcoin does not have a expiration, it is not like fiat that need to be re-print or if there's a new amount fiat release in a certain country. Like in the Philippines most of the time of a certain President they change the size of the coins and amount and a new look of the fiat money. So what happen is we surrender our fiat money to bank so that it will be change. Best thing about Bitcoin is the value of it. If it change, the value of it becomes bigger in the end of the year which for us holder earn in return.
Yes. Bitcoins don't lose validity as long as you keep the private keys safe.
But it is quite possible that some of the huge bitcoin stashes from early mining are inaccessible due to lost wallets - people did not be particularly careful with their wallets when bitcoins were worth basically nothing.
Onkel Paul
. Bitcoin is lifetime to use,as long as you have your wallet password or exchange that you entrusted the coins this bitcoins will remain as yours for ever..But it is quite possible that some of the huge bitcoin stashes from early mining are inaccessible due to lost wallets - people did not be particularly careful with their wallets when bitcoins were worth basically nothing.
Onkel Paul
I think theres a highschool drop oup whos have this same past
https://www.cnbc.com/2017/06/20/bitcoin-millionaire-erik-finman-says-going-to-college-isnt-worth-it.html
Check this link and you'll see how great bitcoin is
Well the question makes me nervous: What would you do when the bitcoin dies? When all bitcoin trading floors in the world collapsed. I really do not know what to do and how to get my money back if bitcoin hits bottom $ 0. But that will not come.
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?
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?
Off course that still bitcoin same like bitcoin right now, its never change. But most people when holding 50k bitcoin must be selling it at $1000 and they must regret it when they know bitcoin price can reach highest at $19k
Your wallet will never be emptied if you have stocked your bitcoin money originally and bitcoin will always have value as long as people use them. Of course, unless you forgot them entirely or just died, you would be pretty fine.
People who said the only important thing to access yor wallet with the bitcoin money to it is the private key is correct.
People who said the only important thing to access yor wallet with the bitcoin money to it is the private key is correct.
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