Topic: What happens when bitcoins are lost? - page 2. (Read 263 times)
Just drink couple of cold water.
What happen and what can I do if my Bitcoins are lost? 
You question are not cleared but i think you want to tell about wallet address.Bitcoin have many kinds of wallet like as exchanger, destop wallet or private key enable account .SO if you lost pv key you canot recover it but you can recover if you use exchanger.thanks
So if you are using exchanger as your wallet, you can still recover your Key if ever you lost it right?
I'm still new in BTC ^_^
What happen and what can I do if my Bitcoins are lost?
You question are not cleared but i think you want to tell about wallet address.Bitcoin have many kinds of wallet like as exchanger, destop wallet or private key enable account .SO if you lost pv key you canot recover it but you can recover if you use exchanger.thanks
Bitcoin is like real gold in the real world, and like valuables, Bitcoin can not be created just like that. Gold must be mined out of the ground, while Bitcoin must be mined through digital means. Associated with the process, this is a provision established by the founders of Bitcoin and it has a fairly limited supply.
If you know, there are only 21 million total Bitcoin that can be mined. Once the miners have opened up a lot of Bitcoin, the supply will essentially run out, unless the Bitcoin protocol is changed to allow for greater supply. in my opinion bitcoin will never run out.
If you know, there are only 21 million total Bitcoin that can be mined. Once the miners have opened up a lot of Bitcoin, the supply will essentially run out, unless the Bitcoin protocol is changed to allow for greater supply. in my opinion bitcoin will never run out.
Once lost they cannot be found... Ts a digital currency obviuosly eith no record at all
Well that's plain wrong.
If you lose access to them, they are still somewhere on the blockchain, in an adress on the ledger which is visible for everyone.
They aren't suddenly wiped out, or "gone", they're just no longer accessible, for you. Anyone can look up the adress they are stored in.
And theoretically they can guess the private key.
In theory you can generate an existing private key, put it into your wallet and gain access to whatever is stored there. If you had an automated bot that would generate keys and check them to see if there are any coins stored on them it's possible to stumble upon a loaded address. I know this is a slow process, but given enough time and processing power it's possible. Remember that we're talking about BTC being used for another 10+ years.
There is no way to retrieve it. Its a painful lesson.
Once lost they cannot be found... Ts a digital currency obviuosly eith no record at all
Well that's plain wrong.
If you lose access to them, they are still somewhere on the blockchain, in an adress on the ledger which is visible for everyone.
They aren't suddenly wiped out, or "gone", they're just no longer accessible, for you. Anyone can look up the adress they are stored in.
What happen and what can I do if my Bitcoins are lost?
Once Bitcoins are lost, they can’t be recovered. You can only get your Bitcoins if you have the private keys.
Lost Bitcoins are lost forever so there are obviously many that have been lost because of lost private keys, forgotten wallets, or someone dies and nobody knows that they had Bitcoins. These will all be permanently lost.
It is like putting your paper money in an industrial washer, the money is gone. Or at least, without a private key, there is no way to access it.
When you think of it, Bitcoin will probably become scarcer and scarcer as people lose their keys and the money becomes inaccessible.
When you think of it, Bitcoin will probably become scarcer and scarcer as people lose their keys and the money becomes inaccessible.
you lose your bitcoin means you have lost money 
If you lost you bitcoins it will be lost forever that is why you need to secure you wallet because if you are not careful losing all of your coin or tokens will be the most likely outcome.
Bitcoins does not get lost. You probably mean if you lost the private keys (and all wallet backups) ... then the only thing you can do is say bye bye to those coins (as you lost the possibility to move them ... aka made them worthless).
What happen and what can I do if my Bitcoins are lost?
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