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Title: Are "lost" BTC already priced in? Post by: ltc_foundry on December 03, 2013, 06:44:42 PM I see comments frequently to the effect of "There are many missing coins, the real price should be higher"
Aren't missing coins, by virtue of not circulating or being exchanged, already priced in? Title: Re: Are "lost" BTC already priced in? Post by: nairb131 on December 03, 2013, 06:49:02 PM It should always be priced in because the people who are active in trading bitcoins are the ones that set the price. The ones that are inactive or not using them don't really affect the price as much.
Title: Re: Are "lost" BTC already priced in? Post by: donbu7 on December 03, 2013, 07:12:55 PM If anyone finds a way to recover all those lost BTC would be millionar
Title: Re: Are "lost" BTC already priced in? Post by: coinft on December 03, 2013, 07:27:43 PM If anyone finds a way to recover all those lost BTC would be millionar Not really. Any way to "find" those lost coins would also be a way to steal active coins, since at protocol level there is really no difference. Bitcoins would be useless and without value very fast. Title: Re: Are "lost" BTC already priced in? Post by: nairb131 on December 03, 2013, 08:52:19 PM If anyone finds a way to recover all those lost BTC would be millionar I don't believe there is anyway to recover lost BTC. This is one of the things that makes BTC secure. Title: Re: Are "lost" BTC already priced in? Post by: vpitcher07 on December 03, 2013, 08:53:59 PM If anyone finds a way to recover all those lost BTC would be millionar I don't believe there is anyway to recover lost BTC. This is one of the things that makes BTC secure. Unless you get beyond lucky. Like get struck twice by lightning twice a day while taking a dump and winning the lottery lucky. Title: Re: Are "lost" BTC already priced in? Post by: BitchicksHusband on December 03, 2013, 09:02:13 PM Or you went trawling through landfills in the UK and found that hard drive with the (presumably not encrypted) 7500 BTC on it.
Title: Re: Are "lost" BTC already priced in? Post by: galbros on December 04, 2013, 03:45:23 AM I've thought about this some too and while the price by definition has to consider the "lost" bitcoins, I wonder if there has ever been a solid estimate of them as it's clear that the number of bitcoins that have been generated - 12 million - is higher than the amount available for circulation/use because of these losses.
Title: Re: Are "lost" BTC already priced in? Post by: beetcoin on December 04, 2013, 03:54:58 AM i don't know if lost bitcoins are factored in, but i think probably not.. since nobody knows the exact number, or anything close to it.
Title: Re: Are "lost" BTC already priced in? Post by: kjj on December 04, 2013, 04:11:38 AM Currently, the markets are trying to figure out if bitcoin is a fad or a paradigm change. That uncertainty is huge compared to any effect that lost coins may have.
Title: Re: Are "lost" BTC already priced in? Post by: Realpra on December 04, 2013, 05:12:49 AM I see comments frequently to the effect of "There are many missing coins, the real price should be higher" Well first of all, if they are NOT circulating that makes the price HIGHER. If they WERE circulating the price would be LOWER. (due to increased BTC supply)Aren't missing coins, by virtue of not circulating or being exchanged, already priced in? Are they priced in? Yes and no. Yes because "everyone knows" the risks involved and can invest accordingly and no because for instance the maybe ~1-2 milion bitcoins Satoshi has may never move or may be dumped tomorrow and enter more active circulation. All you can say is that supply and demand has priced in whatever is in circulation at the present moment. Title: Re: Are "lost" BTC already priced in? Post by: Mageant on December 04, 2013, 09:30:51 AM I think most people who are well-informed about Bitcoin know that there is around 1 million BTC that have never moved in years and thus probably lost (probably mostly from Satoshi).
Title: Re: Are "lost" BTC already priced in? Post by: Martijnvdc on December 04, 2013, 12:57:44 PM If anyone finds a way to recover all those lost BTC would be millionar multimillionaire...but you can't recover them if the private keys are GONE. I'm telling you, people will go through trash just to find a hard drive that might contain a bitcoin wallet. :D Title: Re: Are "lost" BTC already priced in? Post by: jones31 on December 04, 2013, 02:54:08 PM If anyone finds a way to recover all those lost BTC would be millionar multimillionaire...but you can't recover them if the private keys are GONE. I'm telling you, people will go through trash just to find a hard drive that might contain a bitcoin wallet. :D If people find a way to recover those bitcoins , it will be very bad . , very extremely bad It would mean we are one step of managing to get any bitcoins out of any address , and this will be the end of it. |