People losing their Bitcoin is not a risk to Bitcoin:

[2Pizza410000BTC]

So I read a thread by a new member who was asking if the information that is being shared here is just theoretical to gaining relevance in the platform or is something that is actually being practiced in real life situation and the first thing that came to my mind is the numerous post about securing ones Bitcoin holding and the fact that some persons might be taking it for granted.

The truth is that people actually loose access to their private keys and will loose their bitcoin In the process and a lost bitcoin isn't even a disadvantage to the network but actually increase the value of bitcoin in circulation and so if you take all the security measures being shared in the platform for granted, you're putting yourself at a serious disadvantage because if you loose your bitcoin due to your carelessness, it's your loss and not that of bitcoin and I doubt their is a means you can use in recovering a lost Bitcoin without your private keys.

If we lose bitcoin due to carelessness, it is definitely our fault, never bitcoin's fault. Yes I have seen many people here who lose bitcoin because of their carelessness and finally they blame bitcoin but it should never because bitcoin never lost by itself it only lost because of carelessness of the investor. If we can be careful ourselves, we can never lose Bitcoin. All that carelessness leaving our wallet seed phrase carelessly can result in losing our bitcoins if someone steals our wallet seed phrase. Then if for some reason our wallet seed phrase is lost from the phone or the phone is destroyed, if it is not recorded somewhere else we will lose our wallet seed phrase and thus we may lose bitcoins due to our carelessness. If we can take these two things seriously then our Bitcoin will not be lost.

[MarjorieZimmermanGinger]

The truth is that people actually loose access to their private keys and will loose their bitcoin

That's a personal mistake they made because they weren't careful in storing their private keys or perhaps they didn't understand that it was important to store their private keys in a safe place. These kinds of mistakes don't need to happen when people understand the use of wallets and in fact not many newcomers know what a seed phrase/private key is.

In the process and a lost bitcoin isn't even a disadvantage to the network but actually increase the value of bitcoin in circulation and so if you take all the security measures being shared in the platform for granted, you're putting yourself at a serious disadvantage because if you loose your bitcoin due to your carelessness, it's your loss and not that of bitcoin and I doubt their is a means you can use in recovering a lost Bitcoin without your private keys.

Such losses will impact individuals as people lose access to owning bitcoin and have absolutely nothing to do with the network. That's why people advise to be careful about private keys when you create a wallet because otherwise the risk will be quite big. Carelessness and shallow knowledge can destroy everything, therefore it is important to learn first when you want to get involved in bitcoin investment, whether it's how to invest, buy and sell or how to store it safely..

[Awaklara]

So I read a thread by a new member who was asking if the information that is being shared here is just theoretical to gaining relevance in the platform or is something that is actually being practiced in real life situation and the first thing that came to my mind is the numerous post about securing ones Bitcoin holding and the fact that some persons might be taking it for granted.

The truth is that people actually loose access to their private keys and will loose their bitcoin In the process and a lost bitcoin isn't even a disadvantage to the network but actually increase the value of bitcoin in circulation and so if you take all the security measures being shared in the platform for granted, you're putting yourself at a serious disadvantage because if you loose your bitcoin due to your carelessness, it's your loss and not that of bitcoin and I doubt their is a means you can use in recovering a lost Bitcoin without your private keys.

If Bitcoin loss occurs due to the owner's negligence, then it can be called human error. and it doesn't solely blame Bitcoin as a focus.
it is the same as the case of using Bitcoin in crimes such as money laundering. the blame should not be on Bitcoin. but that is a human or user error. but the impact that occurs and we see leads to Bitcoin as a tool used for crime.

[Essential10]

So I read a thread by a new member who was asking if the information that is being shared here is just theoretical to gaining relevance in the platform or is something that is actually being practiced in real life situation and the first thing that came to my mind is the numerous post about securing ones Bitcoin holding and the fact that some persons might be taking it for granted.

The truth is that people actually loose access to their private keys and will loose their bitcoin In the process and a lost bitcoin isn't even a disadvantage to the network but actually increase the value of bitcoin in circulation and so if you take all the security measures being shared in the platform for granted, you're putting yourself at a serious disadvantage because if you loose your bitcoin due to your carelessness, it's your loss and not that of bitcoin and I doubt their is a means you can use in recovering a lost Bitcoin without your private keys.

At the current price of Bitcoin, there are many people in the world who cannot earn this amount in their lifetime. If one cannot protect a resource so precious to him, then it is nothing but a freak. Personal responsibility should be taken for the safety and security of Bitcoin holdings. If you have a lock but no key, then that lock has no value. By using a hardware wallet or secure offline storage to store large amounts of bitcoins, we can greatly reduce the risk of losing our bitcoins. Remember, it's always better to be safe than sorry when it comes to protecting your investment.

[darkangel11]

I don't think it's even up for discussion. Of course it's your fault when you lose your bitcoin due to negligence, how would it be any other way? When you get burned by a fire, it's your fault, or are you going to try to blame the fire for being too hot?
When it comes to bitcoin's value, it's yes and no at the same time. Yes, it becomes more valuable when people lose access to their coins, but it cannot last forever and we shouldn't be happy that such situations occur. At some point, so much bitcoin will be lost that it could make it difficult to use. I'm not talking about the next 10 or 20 years, but if bitcoin continues to exist 50 years from now, you can expect most of its supply to be inaccessible.

[terrific]

That's true, although sadly someone's lost of private keys that has bitcoin in it is a tragic thing to happen.
But we can just conclude that it's like a contribution to the network and is like a donation to the community.
Because that adds up the value of it and makes the supply in the circulation scarcer.

[Mauser]

The truth is that people actually loose access to their private keys and will loose their bitcoin In the process and a lost bitcoin isn't even a disadvantage to the network but actually increase the value of bitcoin in circulation and so if you take all the security measures being shared in the platform for granted, you're putting yourself at a serious disadvantage because if you loose your bitcoin due to your carelessness, it's your loss and not that of bitcoin and I doubt their is a means you can use in recovering a lost Bitcoin without your private keys.

I fully agree with you, losing access to our crypto wallets is on us and we can't blame other people for it, except for the case that people steal our keys. But even then, it could be the case the we are not paying too much attention where we store our keys and share information too openly. It's been so many years now that cryptos have been around and we all have heard the stories about people owning hundreds of BTC from the early days and lost access to their wallets over time. By now we all should have learned from these early mistakes and protect our keys more secure and also have a backup plan in case our access is lost. A single piece of paper can easily become lost over time, which is why having steel plates is a great alternative to store our keys. It's much bigger and we need to find a more permanent place to hide and store it. It’s like with cash, we need to keep an eye on our wallet and lose it by mistake. On crowded places there can be pocket pickers that try to steal our wallet, which makes looking after our cash and wallet very important. The more money we have with us the more we should be alert. The same goes for our crypto wallets as they grow over time.

[Z-tight]

Self-custody is important to ensure access to your coins, but it is also not something that beginners can deal with easily, many are used to having someone or something to take care of their assets, it is more a matter of adapting to a new thing and get used to storing your things responsibly

There are a lot of people who use BTC like fiat, in the sense that they use centralized exchanges like banks and use it to store their funds, some of them are ignorant, while others think that some centralized exchanges are too big to fail. BTC is a permissionless and censorship resistant currency, when you are using BTC with the permission of a centralized exchange and giving the exchange the ability to censor you, then you are using BTC the wrong way and maybe you are not ready to use BTC.

[Dump3er]

So I read a thread by a new member who was asking if the information that is being shared here is just theoretical to gaining relevance in the platform or is something that is actually being practiced in real life situation and the first thing that came to my mind is the numerous post about securing ones Bitcoin holding and the fact that some persons might be taking it for granted.

The truth is that people actually loose access to their private keys and will loose their bitcoin In the process and a lost bitcoin isn't even a disadvantage to the network but actually increase the value of bitcoin in circulation and so if you take all the security measures being shared in the platform for granted, you're putting yourself at a serious disadvantage because if you loose your bitcoin due to your carelessness, it's your loss and not that of bitcoin and I doubt their is a means you can use in recovering a lost Bitcoin without your private keys.

The whole point of BTC is "not your keys - not your crypto" and it is good that way. It simply means if you lose the keys, you lose the coins. Period. There shouldn't be any way to recover coins without a key as that would destroy the purpose of the network. BTC gives you maximum flexibility with your wealth for as long as you take care of the keys in one way or another. But losing keys was a thing in its early days as most people were less educated and sophisticated with their security efforts and measures. I think this has changed significantly over the years and there are so many options to keep your keys secure.

But yes, any lost coins effectively get removed from circulation and hence mean that there is less supply for any existing demand. Though it would be quite some malicious joy to be happy about someone else losing their coins!

[Silberman]

Self-custody is important to ensure access to your coins, but it is also not something that beginners can deal with easily, many are used to having someone or something to take care of their assets, it is more a matter of adapting to a new thing and get used to storing your things responsibly

There are a lot of people who use BTC like fiat, in the sense that they use centralized exchanges like banks and use it to store their funds, some of them are ignorant, while others think that some centralized exchanges are too big to fail. BTC is a permissionless and censorship resistant currency, when you are using BTC with the permission of a centralized exchange and giving the exchange the ability to censor you, then you are using BTC the wrong way and maybe you are not ready to use BTC.

While such use goes against the best practices that are often mentioned on this forum, at the same time people are free to use bitcoin in whatever way they want, and this implies that people can use bitcoin on that way too even if we think it is wrong, and since leaving your coins in the custody of a third party is something people are used to do and it is more convenient for them then it is not surprising this has become quite common, however sooner or later they may suffer the consequences of not using bitcoin as it was intended as they lose their coins and they have no recourse to get them back.