Total Bitcoin lost to date? - page 2.

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Quote from: Bttzed03 on January 21, 2020, 03:42:18 AM

(edit: it looks like blockchain.com is fixing Peter's "lost btc" issue from their reply so forget about that in making your estimates Grin

)

Is the amount already divulged to the public? This is what I am waiting to know. Is the amount small enough for Peter to simply forget his password on the very wallet in which the Bitcoin is stored or is it huge enough for him to make it a very huge issue internationally? Either way, he looks senile.

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It is safe to say that more and more will be added to the total until the last bitcoin is mined. By the year 2140, btc's total supply in circulation could be more or less 10 million. I can't imagine the effect of that on the price.

The irreversibility of Bitcoin transactions might one day leave this world with an endangered or even extinct Bitcoin.

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if he often opens his wallet and accesses his wallet he should not forget his password even he also says, he doesn't forget his password, if he has problems with his cellphone wallet blockchain app he should be able to access and open it through a laptop or other browser, I think he is just looking for sensation only and as usual want to drop the price of bitcoin which is being corrected at this time, but usually he always gives negative comments on bitcoin but people always respond positively

HeRetiK

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Quote from: Bttzed03 on January 21, 2020, 03:42:18 AM

That report, however, was published last 2018. Assuming Peter's claim and the several "I lost my btc" threads here are true, what do you think is the current estimate of total lost bitcoin?

Most coins were lost in the early days, so any coins that are being lost now are little more than a drop in the bucket. Also I think it's fairly safe to assume that the majority of people and companies holding significant amount of coins nowadays know better than to lose their password, so the amount of coins being lost over the next few years will probably be rather limited.

Bttzed03

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The news of Peter Schiff losing his bitcoin sparked my interest again into digging how many btc's are lost forever. The only study I can find is the report by Chainanalysis where they claim that between 2.3 and 3.7 million (or 3.8 million) bitcoin are lost.

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Between 2.3 and 3.7 million bitcoin are lost, reducing market capitalisation by between 13% and 22%. Market capitalisation could be reduced by a further 35% if illiquid investor holdings are removed from the cap.

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As of April 2018, of the 21 million bitcoin that will ever exist, around 4 million are currently unmined, at least 2.3 million are lost, 7.4 million are held as long term investments - of which a further 1.5 million could be lost, 2.2 million are held for transactions by services, such as exchanges, and 5.1 million are held for speculation.

That report, however, was published last 2018. Assuming Peter's claim and the several "I lost my btc" threads here are true, what do you think is the current estimate of total lost bitcoin?

(edit: it looks like blockchain.com is fixing Peter's "lost btc" issue from their reply so forget about that in making your estimates Grin

)

It is safe to say that more and more will be added to the total until the last bitcoin is mined. By the year 2140, btc's total supply in circulation could be more or less 10 million. I can't imagine the effect of that on the price.

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