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Author Topic: How many people are having bitcoin?  (Read 171 times)
DiMarxist
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April 17, 2023, 08:05:41 PM
 #21

Bitcoin circulation will continue to change or will not stable for one to know, always guess or unpredictable some person's can abandoned a wallet address, because him don't want to sell it in short-term, he want to hold it for long-term, maybe the owner no longer has access to it anymore based on the inactivity of the wallet but most times it turns out to be false it might just be that the owner is a holder and it's not planning on selling anytime soon so instead he abandoned the wallet and all its holdings. And You cannot count the people who are responsible for their bitcoin assets.

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April 17, 2023, 09:12:44 PM
 #22

I read a story of a man threw away is hard drive with almost 7,500 bitcoin on it, then later realised that it worth huge amount of money which he is trying to get back the drive which he found difficult. Now my question is that does it mean all this 7,500 bitcoin are gone completely?
If the Hard drive cannot be recovered, the Bitcoin is lost forever.

But is the man uninformed about Bitcoin? or he is unaware of the Bitcoin on the hard drive?

If he actually buys the Bitcoin, I believe he should be able to tell that it is still there, and he should be checking the Bitcoin Market since he has invested in Bitcoin.

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Can it be possible to know the people the are in position of all the bitcoin in circulation or know the number of units in total circulation?
Yes, you can check Coingecko

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April 17, 2023, 09:34:32 PM
 #23

I read a story of a man threw away is hard drive with almost 7,500 bitcoin on it, then later realised that it worth huge amount of money which he is trying to get back the drive which he found difficult. Now my question is that does it mean all this 7,500 bitcoin are gone completely?
If the Hard drive cannot be recovered, the Bitcoin is lost forever.

But is the man uninformed about Bitcoin? or he is unaware of the Bitcoin on the hard drive?

If he actually buys the Bitcoin, I believe he should be able to tell that it is still there, and he should be checking the Bitcoin Market since he has invested in Bitcoin.

Oh, I think I know what the OP is talking about! It's that crazy story about the guy who threw out some old hard drives, and they ended up in a dump. But then he wanted to dig them up again, so he asked the government for permission. Apparently, he was one of the bitcoin miners from the old days, and those hard drives had a whole bunch of them on there.

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Can it be possible to know the people the are in position of all the bitcoin in circulation or know the number of units in total circulation?

OP, we can't really tell if some bitcoins are lost forever or not. Even if they don't move from a particular address for ten or more years, that still doesn't mean those bitcoins will never be in circulation again.

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April 17, 2023, 10:49:08 PM
 #24

The reason for this post is to know all the were about of the bitcoin in circulation. I read a story of a man threw away is hard drive with almost 7,500 bitcoin on it, then later realised that it worth huge amount of money which he is trying to get back the drive which he found difficult. Now my question is that does it mean all this 7,500 bitcoin are gone completely?
Yes, if there's no way for him to retrieve the wallet that contains the Bitcoin private information.

Can it be possible to know the people the are in position of all the bitcoin in circulation or know the number of units in total circulation?
There are some sites that focus on this information but it is impossible to know the actual number of people in possession of all the BTC in circulation because 4 wallets may belong to a single person. However, the information provided by this site says there are 106 million Bitcoin Owners while there are 200 million Bitcoin wallets.
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April 17, 2023, 11:05:38 PM
 #25

But is the man uninformed about Bitcoin? or he is unaware of the Bitcoin on the hard drive?

If he actually buys the Bitcoin, I believe he should be able to tell that it is still there, and he should be checking the Bitcoin Market since he has invested in Bitcoin.
I don't think you're familiar with the story of James Howells, well it isn't a recent story, it dates back to 2013, and Howells prolly mined those coins and it wasn't worth too much in 2013, maybe that's why he was careless with it and mistakenly put the hard drive containing his keys to 7,500 Bitcoin's in the garbage, which eventually was disposed in a landfill. James Howells hasn't given up hope on finding his lost hard drive and by extension his lost Bitcoin (if the hard drive is still in good working condition), but his local authorities have refused him digging up the landfill for various reasons. You can surf the internet for this story, it's an interesting one.

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