Topic: What happens when bitcoins are lost? (Read 258 times)
I guess that's the time you'll say goodbye to those coins because they will never be back except you'll had to earn them back.
I'm afraid, if they are lost, they are lost forever. It's 100% digital, so it just vanish if nobody knows where it stored and what's the password
they are simply lost, and will not be accessed by anyone.
Aproximately 30-50% are out of circulation already. If a bitcoin is lost, than it's lost forever. It's out, no way to get it back.
Here's good infographic explaining everything:
https://imagesvc.timeincapp.com/v3/mm/image?url=https%3A%2F%2Ffortunedotcom.files.wordpress.com%2F2017%2F11%2Flost_bitcoins.png&w=800&q=85
Here's good infographic explaining everything:
https://imagesvc.timeincapp.com/v3/mm/image?url=https%3A%2F%2Ffortunedotcom.files.wordpress.com%2F2017%2F11%2Flost_bitcoins.png&w=800&q=85
Good analysis thank you.
This is an interesting bit of information here.
Supply and demand in part determine pricing,
once Bitcoin gains more wide spread adoption
naturally it will be worth more money per coin.
Officially there are only 21 million Bitcoin,
however the actual availability will be much
lower over time.
Thanks!
Unfortunately, if you lose your bitcoins you can not do anything with them. They will be on the network, and you can simply watch the number of your bitcoins on the monitor screen.
Aproximately 30-50% are out of circulation already. If a bitcoin is lost, than it's lost forever. It's out, no way to get it back.
Here's good infographic explaining everything:
https://imagesvc.timeincapp.com/v3/mm/image?url=https%3A%2F%2Ffortunedotcom.files.wordpress.com%2F2017%2F11%2Flost_bitcoins.png&w=800&q=85
Here's good infographic explaining everything:
https://imagesvc.timeincapp.com/v3/mm/image?url=https%3A%2F%2Ffortunedotcom.files.wordpress.com%2F2017%2F11%2Flost_bitcoins.png&w=800&q=85
Good analysis thank you.
Aproximately 30-50% are out of circulation already. If a bitcoin is lost, than it's lost forever. It's out, no way to get it back.
Here's good infographic explaining everything:
Here's good infographic explaining everything:
If you send litecoin to wavesdesk.com can you recover them?
They are just lost foreveer. I've read that nearly 4 million bitcoins have been lost forever. Just as gold bars are lost at sea or $100 bills can burn, bitcoins can disappear from the Internet forever. When all 21 million bitcoins are mined by the year 2040, the actual amount available to trade or spend will be significantly lower.
As we know, only 21 million bitcoins will ever exist. it is tough to tell apart lost bitcoins and those which are just being saved for a rainy day. However, the blockchain includes every transaction ever made using the currency. Whenever miners verify new transactions, what they’re actually doing is adding on new blocks onto the blockchain.So these unused bitcoins just sit on the blockchain until someone uses their private key to move them to another address. There are ways to analyze the blockchain and see how long bitcoins have been idle or unused or haven’t moved around for a period of time. However, there is no way of knowing whether they are permanently inaccessible or not.
Bitcoins can be lost or misplaced because of various reasons including death, hardware failures or even plain carelessness. A programmer in Florida, Laszlo Hanyecz had supposedly bought two pizzas in 2010 for 10,000 Bitcoins. If he had done the same in 2017, the era of the Bitcoin’s zenith point, that particular pizza would have cost him at least $ 10 million.
What happen and what can I do if my Bitcoins are lost? 
there is no way you can do if losing bitcoin for being stolen by someone, it is important to keep the key of privacy safely lest anyone know because of the crime on the internet of many kinds even people who commit crime are better able to prepare a mature strategy to take someone's assets.
If bitcoin were lost there will be many people become lonely specially to those people who earn bitcoin to support their daily needs.
Unless you have a way to recover your private key, the lost bitcoins will stay lost. A lot of bitcoins have been lost and cannot be retrieved.
Once Bitcoins are lost, there is almost nothing that can be done to recover them. If they were stored on a device like a flash drive or hard drive,If a Bitcoin owner dies without passing on the private key, his heirs may discover his wallet only to realize that they will never gain access to the wealth inside. they will be especially difficult to trace.
They are just lost foreveer. I've read that nearly 4 million bitcoins have been lost forever. Just as gold bars are lost at sea or $100 bills can burn, bitcoins can disappear from the Internet forever. When all 21 million bitcoins are mined by the year 2040, the actual amount available to trade or spend will be significantly lower.
What happen and what can I do if my Bitcoins are lost?
How is it that you've lost them? Transfered to the wrong address?
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.
Which is very painful if you've ever sent BTC to the wrong address. You can always go back and visit it as it's value grows.
You lost bitcoin, meaning your money is gone, and if no one can unlock your password, then this bitcoin talks about permanent dormancy!
In many cases, bitcoin can be lost forever, and given the public visibility of the bitcoin wallet, we can easily see the use of a bitcoin last financial transaction. But there is no way to determine whether a dormant bitcoin has been saved or has been withdrawn from circulation.
I didn intent badly . If I disturb you sorry.
What happen and what can I do if my Bitcoins are lost?
if you lost your bitcoin. you must be so upset but do not waste your time to become upset, you must retrieve your bitcoin and earn more than what you lost. make that as a lesson and your motivation.
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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