Bitcoin Forum

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. 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

Yup. All bitcoins that are recorded in the block chain ledger are valid and may be spent. There are many cases of lost wallets and some btc are still lying around in there sitting and may not be recovered unless someone develops a way to recover them (brute-forcing, improbable at the time-being).

well thank you for your answer.

but the owners need to be contacted by any means possible. not to ask them but to inject them again in the bitcoin economy..
one day when no bitcoins will be mined anymore we will need every single bitcoins to get everything back to a cycle economy..

ive seen some blockchains with over 100,000 bitcoins.

and some with 50,000 bitcoins and then the balance is 0 because they used it when bitcoins were worth nothing yet.

There are no ways to contact the users because a wallet address is not bound to any personal documents etc. Even if you traced them in reality, there is a high possibility that they'd lost their private keys because as you said it, back then bitcoins were valueless.

they don't lose their intrinsic value, just the value given by people in the world

so 50k bitcoin from 2011 are still 50k bitcoin today, if you were so good at holding them all  ;D

If I was the one who have that amount of bitcoin, I would definitely host a party for all the early adopters lol. ;D

yeah lol. if anybody knew this kind of cash was coming. i think they would have collected every possible bitcoin they would find lol

But the thing is most of the people back then didn't care about bitcoins until it gained value. :3 Sad to say but things with no value in the past tend to get pricey in the future--and one great example is bitcoin.

TRUE !

"Hind sight is 20/20"

It's easy to look back and know what you would have done.

But what about today? In 5 years Bitcoin may be worth $10,000 each. Most of us will be saying "I should have bought hundreds of bitcoins when they were only $300 each. Some people will be saying "I did buy hundreds of bitcoins when they were $300 each, and now I'm rich!"

TT

or due to its limited quantity the price might just drop dead to 1-2$ each and people would say, damn should have sold

Yah. After all it's a two-faced reality that we're facing right now: to go up or tank down. No one could safely say that it will go up, and no one on the other hand could also say that it will tank down. It's purely a speculative asset in my opinion. You should know when to let go or when to hold on. ;)

There are always regrets in the end lol. You should know when to quit or when to carry on. The quitters aren't always the losers in bitcoin. It is those who made the most out of it when it was profitable.

Why in the world would the price fall to 1-2 $ because its limited supply ? The point of limited supply is increase of value, not its loss, it works other way around.
I am not saying that the price will be 10k$ or 30$, and i dont care much, as long as bitcoin gets to be an option i can choose when im buying for my daily needs.
You have a strange way of looking at things, first with that idea of bitcoins not being worth just because they are aged, and now with claim it can drop dead because of limited supply?!

cheers

Limited supply only corresponds to high price if there is sufficient demand.
Future demand for bitcoin can't be reliably estimated - for example, a theoretical new crypto currency might prove vastly superior to bitcoin, and bitcoin holders would try to exchange their bitcoin assets into that new currency. In such a situation, demand would become pretty low while supply would be temporarily much higher than what is generated through mining. In such a situation, there may be additional factors: Miners might be shut off when bitcoin price becomes too low to make their operation economically feasible, and block times might temporarily become much longer (before difficulty adjustment correcty for the loss in mining power) making bitcoin even less attractive.
This is a completely theoretical scenario, but it's not impossible.

Onkel Paul

If they weren't bitcoin would not have existed anymore.
Bitcoin is also a store of value, although a horrible one. Price keeps surging...
You can keep them for 1 trillion years if you want.

I think they bought pizza with that  :o

exactly my point. its not a stamp collection that will always get appreciated on the market.
agreed that many people started using bitcoins for daily deals now. but if like you say something else pops up, it will be drastically devalued.

also cypto has no 100% holding value. it might drop dead anytime or boom high.

well lets just sit back and watch. for the time being its dropping a bit

why do you think the price wont fall below $50 even if there is such limited supply? as usual once we hit the resistance line, alot of people will try to jump the ship, thus dumping their coins and this drive the price even much lower and bleed to deadm there isnt any guarantee that your coins could be well useless by tomorrow anyway

Just thinking about the other possibility. What if with the limited supply comes the scarcity of demand? Wouldn't that affect the price and cause it to fall to what is already stated above?

I second this. Crypto-holding has no assurance or whatsoever of appreciation in value. Anytime it will drop down and it can skyrocket. No one can predict exactly as to what will happen.

Oops. Drops.

There are millions of combinations of situations that could cause prices to rise or fall, and even when something happens that folks are sure will cause a move in one direction, bitcoin often does the opposite. This is why we call it speculation.

TT

Hard to put all the eggs on such a speculative basket. That's why every investor should diversify in his investments and not focus on one and only one investment alone.

It doesn't matter how long it has been kept, the coins will still be there in the blockchain. Technically it's also not the Bitcoins that are stored, it's just that you know the private and it can be used to access the coins. Well that is provided that the guy still has the private keys to the coins and managed to retrieve it. I can't imagine the 50k that used to be worth almost close to nothing will be now worth millions.

And don't forget the 10k btc pizza!

Well most of us didn't think that we will come to where we are right now. If only I took notice of bitcoins way back 2009, I would definitely become a millionaire.



But nah, there are still some opportunities out there. :)

mate you mean BILLIONAIRE.

remember they were worth 1300$ at one time? lol

1,000,000 bitcoins would be 1.3 BILLION$
damn.. bring my time machine here :D

No, my friend. It doesn't make any difference. There could be 21 or 11 or 31 million BTC, and nothing would change. What matters is that the supply is limited, and that we know what the limit is. Besides that, total amount of BTC in circulation is irrelevant.

Is there a possible way to know whats the total amount that is in circulation, and waht amount hasn't moved much in the last 2-3 years ?

Oh man, no, they wouldn't be...in fact I can take whatever coins you have from 2011 off your hands...please see my address in my profile!

Hahaha, what a great question, please tell me you have 50,000 bitcoins from 2011!

It is relevant from psychological point of view. As people are highly illogical creatures. Amount of bitcoin flowing through system can influence its price greatly as people will perceive in the future that every bitcoin was mined and its supply indeed limited. I would assume a huge price rise near the end of mining bitcoin.

I hope OP is asking this hypothetical question about himself.
And if that's the case, buy us some beer! ;D

Ah i wish i had my old wallet :/

collected 200k i think. dnt even know where its lost.. like many people

Yes of course, even it has been 4 years, bitcoins always stay valid to the coin holder. If he had kept that much until now, he would've been a millionaire.

I wonder how many bitcoins have just been lost because of hard drive crashes or lost keys or passwords.

If anything, the increase in bitcoins in circulation would bring the price down.  ;D

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.

All bitcoin remains valid as long as owner retains keys to access them.

Wow I never thought bitcoin was so easy to get from those times. But as far as I've read, not only you lost your old wallet. A lot of people lost theirs.
The answer is a lot, men. Just imagine each persons who have been using bitcoin before has 100 each. If only bitcoins has been popular before then maybe the price would easily go up.
Agreed, but most lost wallets/ private keys are due to computer crashing and corrupted files. Most people didn't take care of their bitcoins before because they didn't even know that bitcoin would become a hit.

I have a very good reason to believe that those people who are really ruling the world of bitcoin and are able too decide the trend in which bitcoin will go as a result of prices, would have held that quantity or volume of btc as at those time you are referring to and that is why they remain a beacon today. So, bitcoin is forever valid.

Of course yes so long as you have your private keys to spend them it doesn't matter how long you've kept them so long as the exchanges continue to list it as valuable.

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 Investor

This is already a 2 year old thread and now being bumped again and expected answers would repeat furthermore and i think op already know the answer on this one.

Bitcoin would always be valid as long you hold the private keys of the wallet and you can anytime sync it or access once again those bitcoin been stored for a long time.

Why it doesn't have value. That's what thw goodness of bitcoin than other physical currencies. We doesn't need to depend on a bank for our needs. Just can hold our​ bitcoin into the wallet, it grows in value based on the price increase happening with bitcoin. If you save 50,000 bitcoin in 2011 and now of you look it will be 50,000 bitcoin. The value changes when you view in the form of USD.

This thread was dead for over two years and then was resurrected out of nowhere by this comment, but why??? Did you just randomly happen across this thread and decide to post to it regardless of the date? This thing must have been buried deep in the middle of a bunch of similarly dead threads. This is so random.

 Yes. I have never heard that bitcoin has a validity date like other fiat currencies. If you need proof, ask someone here in the forum i know they have kept one.

All Bitcoins that are present on the blockchain right now, regardless of their age (meaning something close to being the only coins outside of Satoshi's from the infant days of the network) are valid for using as part of a transaction. If someone has 1m Bitcoin in a wallet from back in 2010, he can still technically sell them and become an insanely rich man. All he has to do is not crash the market in any obscene way.

all must be something to think about for the future and how you can lead a business that has been built from a small, not only that there must be a question of the people who need to be answered, and maybe we have to think of what to say to everyone tetnga who have questioned the

50k bitcoin wallet remains at 50k. unchanged, although the high price of bitcoin will rise, and in blockchain chains also have been stored with the number of 50k. I was reminded of someone who has purchased 5000 bitcoin with price 24 $, and is now at a price of $ 1,000 , he had 5k bitcoin.

Certainly yes! bitcoin has no expiration in terms of making transaction even it takes year as long as you the password or the private key, because anytime you can retrieve it at once. And whats what the purpose of the blockchain anyway.

Of course it will be valid. The thing is you must be careful, and store that amount cautiously. Thats the reason itself why investing in bitcoin is one of the best way. You can access it and make it in use as you like.

But that amount is so big that you must be careful in scammers and in your private keys. If they snip that you have that amount or you have an online account and they notice that you're holding such amount. There will be people that will try to take it from you. And I think being Extra carefulness will be necessary.

No, they definitely do not need to be contacted, and those bitcoin don't need to be 'injected' anywhere.  In fact, it would be better for all of us who hold bitcoin if they never got touched.  The back and forth trading doesn't help anything as far as the price goes, or at least it's a small effect.  Dead coins means less supply which in theory should help support the price (as long as demand doesn't plummet). 

Bitcoin does NOT need to be used as a currency in order for it to maintain its value.  Not many people on this forum seem to understand that.  It's a commodity, like gold, and gold is no longer used as a currency.

Ok but if you flood the market with 50k or 500k bitcoins all at once, don't expect them all to sell for $1300/piece. You'll be lucky to keep $1000 as you're some kind of super-whale jumping into a swimming pool.

i think its still valid until now as long as he can save his bitcoin into safe wallet and not spend for buying anything. the value of bitcoin he saved is increase especially in the value of the price bitcoin itself because when he bought bitcoin in 2011 and he got the price like let say $110, now he can make big profit if he decide to sell right now.

Absolutely Satoshi is a rich man if he is still around alive and kicking.
Otherwise the supply is technically less than 21 million unless someone in the long run breaks the priv keys.

as long as you have the private key.. you sure can still use it

BTC doesn't have an expiration date, if you have access to a wallet that contains BTC in 2009, it's the same thing as having access to a wallet in 2017

Yes they are always valid Bitcoins regardless of how long you hold them. Someone with 50,000 Bitcoins from years ago would be extremely wealthy right now. I'm sure there are a bunch of millionaires and even a few billionaires from Bitcoin investments. That's why so many of us have jumped on the bandwagon in the last few years. This is an enormous opportunity but the pioneers are the ones that struck it rich. The rest of us are just going to get a piece of the action.

Absolutely yes, crypto wallet is like a bank for digital currency. Let say you bank fiat for even 3 decades it is still valid and due to demands fiat value increases so you become richer from that time span. But not the same sa bitcoin in real money(fiat) you keep it in 3 decades you'd become rich but in bitcoin when you keep it from 2011 you are now a god damn super rich baby.

Actually bitcoin will still be valid if you still have your account and keeping it safe. Private account must have in order for you to ensure the validity of your bitcoin for transaction.The concept of bitcoin account is actually the same with savings bank account for it will never deplete if you still have the records or your account. But always remember that the old bitcoin is not the same with the new bitcoin because of the different revision done by the people behind this campaign or business.

Or how many years to keep it the most important is to keep the private key well, the transaction will remain useless as long as there is bitcoin, excellent technology can keep all coins safe even though many people lose the private key and it will remain there until find the return wallet keys, people will be very rich to keep a lot of coins in 2011 up to now, sometimes I like to be in that position exactly the first time bitcoin appears. ::)

If a person will had that bitcoin till now he will very very lucky and he is one of the big millionaire in the world so I think bitcoin will not have any validity restrictions so it will be very possible to make a transaction with that .

yes! there is no expiration. it is still valid no matter how long you have them, as long as you still have the private key.

You’d be damn rich to still have the 50,000 bitcoins in your account. There is no expiration no matter how long you hold them. What’s important is the private key.

this was posted on 2015 and pretty sure a lot have answered to this query. answers which are mostly of the same opinion. again, it’s a yes! there is no expiration for bitcoin.

Bitcoin has been created for many years and has experienced a lot of fluctuations in price levels, the number of people involved in virtual currency increasing, in which the development of the virtual currency day A more significant, more powerful, I think, will have nothing to fear in the future.

Yes, if the person, who was holding bitcoins from 2011 and still have access to them, he easily can transfer them, bitcoins still be valid for transactions. But I try to imagine, how could it change our "present" if everyone wouldn't "spent for nothing, just pranking and stuff...", and were just holding, or without such action, we wouldn't have such price, what we have now?

5-If the account holder has not died or has not become incapacitated; If you do not lose access to your purse, or information about its location, or not lost encryption passwords, Bitcoins will not disappear. And of course, if they are not stolen, which can also happen.

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. ;D

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

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.

. 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..

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 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.

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

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.

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 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.

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.

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

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.

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.

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....

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.

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.

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.

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.

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.

I have being looking for an opportunity to ask this question. What is wrong with our generation? People are very dishonest, other always take advantage of those they are better than,corruption,nepotism etc the list goes on and on .God help us to solve our problems .

Well it is our own fault if we will give them a chance to do bad with us then for sure they will do it so it is our own responsibility to be careful, so if you will keep your private key safe and sound with you then no one will be able to cheat with you, honest and dishonest people are all over us, just be careful then no worry whatever the situation is you will win and earn at the end.

hard to find someone who hold that big ammount and trust bitcoin will rise till now , but if that people really exist
the answer is defintly yes for me

Well i can only imagine how rich is that guy by now if he really has that amount of bitcoins and store it up to a safe place. It doesn't mean that once you store you bitcoins, it will already lose its value and validity. The fact is that it is still usable and there is no expiration as long as he has the keys secured and has the coins as well. Imagine if it was really true then he would become a billionaire by now.

I have a question?

Why people really hates Bitcoin ? Why did they bash Bitcoin? Did Bitcoin hurts them ? Or they just want to prove that Bitcoin is not that really helpful ?

People back in 2011 didn't realize how much of a big thing bitcoin would become in 7 years, and honestly no one saw it coming, so they didn't really pay attention to details like wallet private keys or where to store it, so i am sure that are probably hidden amounts of bitcoin out there stored some place waiting for their owners to come back.

I think that a large number of people do not like bitcoin because they do not understand it and partly because they fear bitcoin will take up their job (bank ...). With the convenience and usefulness of the payment and finance sector, there is no reason not to use bitcoin in these areas to make financial management work much easier.

In my opinion bitcoin has no validation youbcan used it anytime for transaction or convert it to fiat currencies.Bitcoin were usually used for long term investments and even if you will hold it for how many years for as long as bitcoin were still profitable and value will bever come to zero then most probay it is still valid for  using as a mode of payments etc.

Maybe they were late into investing into bitcoins and are very bitter about the whole thing and are trying to spoil it for everyone who is and might want to invest in the near future.

Any transaction that has a payment purpose or other obligation that must be met with money or other financial transactions
Before packing up, this is an era of progress,
Do not let us miss the train again, quickly explored regulation only, Do not anti-evidence, progress is undeniable, it is written

Was just reading the thread, that we surpassed almost 20k just 2 1/2 years later is quite amusing and we still have the doubters today which question cryptocurrencies, if not for bitcoin then i can say for sure that we wont experience a world anymore where crypto looses its value and adaption.

I have different opinion on this matter. I think if all Bitcoin holders at that time (2010) just hold without spent (using) it, Bitcoin could be useless. Present value is determined from the past action. Bitcoin reach $10k price along with its stories, such as pizza day, Cyprus banking crisis, and other countries with "trash" fiat value. You may argue with gold case when it mainly uses for store of value, BUT gold has a long history of being medium of exchange.

There is no underlying rule that bitcoins would lose its validity as time goes by. Individuals who have stashed a lot of bitcoins from the beginning could have been sleeping under a bed full of money right now.

Yes, i do not think bitcoin has validity period. So, if he can still access to his wallet then he can sell his coins or for whatsoever purpose it will be. But if he cannot access to his wallet, then his bitcoin will just sleep in there.

Bitcoin old and new will have the same value, so far I know bitcoin does not have "Expiry Period" during circulation is still ongoing and can be used as a tool of transactions both for trading and investment.

bitcoin gained from 2011 has the same value on what the price for todays market. It has no expiration. That is also the thing that the others regret of because they think that if they bough bitcoin on that year they will earn much than the amount they bought.

As far as I know it still valid as long as you keep the private keys with you  and no one smashed it nor hacked it.. it can still be trade nor sell it or as long as you have it in your wallet and can access and do the selling you can still earn a profit if you sell it.

There could be many reasons for investors to give up on bitcoin. The most common one is impatience, some really want big returns in few days not even weeks and they usually end up selling off bitcoin. The second most common reason is some urgent need of money and then you have no other choice than selling it off. Lastly people panic in dips and sell bitcoin.

Of course, that would still be valid until now. As long as it is bitcoin and bitcoin is valid, those are greatly valid transcations with high price. Just remember to keep your private keys until now and surely, you could still use it.

The answer is absolutely yes because Bitcoin has never lost its validity even though your Bitcoin was kept since 2009 which happen to the that Bitcoin was introduced into the world it will still not lose validity.

Interesting question! I have never thought about this but I think it would be possible to still using those coins. I think there is no a person who would be able to hold them for so long because you need to have great patience.

Yeah, the only thing that can make that invalid is when such a person has totally lost the private keys and apparently no access to the wallet again whatsoever, then that is considered lost forever. However, as long as the keys are still intact and the person can still easily access the wallet no matter how long it is kept in it, then there is nothing that is going to be affecting it at all. Obviously, once the person in question has a target to sell them when he is ready, he definitely will.

As long as it is still bitcoin and nothing changed whatsoever which I believe nothing will, there is nothing that is going to end up invalid for transaction for bitcoin. The only reason why it could no longer be used for transaction is if there is no more access to such wallet and the person obviously cannot do any transaction in such scenario, except for that, it is always going to be valid for transaction.

Bitcoin is valid or usable if you have kept your private key or access to your wallet. Well, I am sure that a lot of people who invested or even mined bitcoin  when it was very cheap didn't think that bitcoin will reach the current price. Some might have lost or forgot to secure their wallet.

as long as we are alive, there is still internet network and most important do not forget the key of our wallet, I think your bitcoin still apply for transaction use, because as far as I know bitcoin is not time limit and not stale like food then throw away.

For sure it will valid forever, there are no expiration date of bitcoin, and it can be used as long as the person have access to own private keys

the obstacles that are often faced is the risk of loss that makes traders become frustrated and afraid to try reinvesting. I think that still holds true if somebody keep bitcoin in a few years before

The question that came to my mind was how to make bitcoin transactions easy, fast but safe. I wish the bitcoin was more popular and less legitimate and was considered by everyone national currency

Yeah like what's with you buddy? I know for sure if it have a validity it should be written in whitepaper. And as far as I remember, the whitepaper clearly says it all. So yeah there's no expiration regardless what year and how many someone bought. All does matter is the price like if you bought before it will surely have significant amount now.

Of course yes because Bitcoin since the beginning the quantity of what you have is still the same it will not increase or decrease even until now, its about almost 9 years ago but only the value can transform into a high price and the good thing is until now it's still valid for transaction and acceptable anywhere.

as long as he can access his wallet with the private keys, the amount of bitcoin will be the same as in 2011 and he is the richest person in his city if he decides to sell the most of bitcoin that he has. the transaction will still valid but I guess that he needs to synchronize his wallet first before he can sell it and change to fiat. I am sure that there is any person that still hold bitcoin in his/her wallet from a long time ago and he/she is not selling until now. 50,000 btc is a lot of money if he/she convert into fiat and he can buy anything that he/she want.h

Of course it can be if he still holds his wallet and still remember the key. It will not burn and disappear. The balance will still exist if he secures it correctly.

One person keeps 50000 bitcoins since 2011, after 7 years the value has increased x500,000 times, no one thought that would happen, those who bought ico and hold bitcoin and did not lose, surely now they are very rich.
Life in dream. <3

It will not affect its validity it has no expiration as long its accessible and we are the ones responsible how to s3cure our wallet and those who have been holding for that long are on better life now..  And lucky those who know bitcoin for bitcoin give us good opportunity to earn for real.

Yup... It doesn't matter how long you didn't touch it. It's still yours. If, as a prank, you actually bought 50k bitcoins back in 2011 or even 50k USD worth of BTC back then, then my friend you stumbled on something very nice indeed. You can even freaking retire and just enjoy your life now. I just hope i did it back then though.

If i knew the bitcoin way back maybe now im already a owner of my own company  ;D :D

 I've heard there are some big whale companies, that are having tons of bitcoins on their account somewhere. And they just hold it, so that's a power to destroy a market of Bitcoin but they're holding them.

Yeah I do believe that there are lots of big whales that holding bitcoin but I do not agree that those company will have plans to destroy bitcoin as they using it to goin huge profit.

For some time now, I use to ask myself that when will the prizes of bitcoin and other alts stabilize? Since I came into the crypto currency business, there has been ups and downs, fall and rise in the coins and have not witnessed stability.I hope to have witness in the nearby future to boost my appetite for trading.

This is definitely true, the entire idea is to hold a huge pie and gain profits from pumps and dumps. There is no point in destroying BTC.

It will be always valid for transaction, there are a lot of people today who are holding a huge amount of coins and they are all very wealthy so keep on holding your coins today in order to earn more profit in the future.