Another Reason Why Bitcoin Will Go Up

[BitGoba]

Bitcoin is the hardest money and the most superior form of money humanity has ever used. Compared to the fiat system  which is a complete pyramid scheme that relies on constant money printing and injecting fiat currencies into circulation Bitcoin stands apart.

Fiat printing causes inflation and the rising cost of everything, while Bitcoin has a hard monetary policy, a clear issuance schedule, and inflation that gets cut in half every four years until it eventually reaches zero.

The loss of Bitcoin only adds to its scarcity.
But the main reason why Bitcoin will continue to rise forever is the endless inflation of the fiat system Bitcoin has no top, because fiat has no bottom.

[hero_the_bossman]

Bitcoin is the hardest money and the most superior form of money humanity has ever used. Compared to the fiat system  which is a complete pyramid scheme that relies on constant money printing and injecting fiat currencies into circulation Bitcoin stands apart.

Fiat printing causes inflation and the rising cost of everything, while Bitcoin has a hard monetary policy, a clear issuance schedule, and inflation that gets cut in half every four years until it eventually reaches zero.

The loss of Bitcoin only adds to its scarcity.
But the main reason why Bitcoin will continue to rise forever is the endless inflation of the fiat system Bitcoin has no top, because fiat has no bottom.

More fiat being printed => more value is going to be stored properly in BTC.

It's a cycle that never stops, I agree with you.

[EarnOnVictor]

Bitcoins are continually being lost. People lose their wallet logins. People die without anybody else holding wallet logins. Bitcoins are burned for any number of reasons. All these things and more are reasons why bitcoins are lost, which all contribute to the value of the bitcoins that remain.

These have been happening for long, so it has become a bitter lesson to many of us, thereby making us wiser than them of old. Or are you not wiser than them already knowing fully well the danger of losing your Bitcoin in case something unplanned for happened? If you don't, I guess you should do. I believe that this understanding and taking precautions will not really make the loss of access to Bitcoin be the major reason why it will appreciate in price, but a true adoption and liquidity injection.

[purple_sparkles]

Bitcoins are continually being lost. People lose their wallet logins. People die without anybody else holding wallet logins. Bitcoins are burned for any number of reasons. All these things and more are reasons why bitcoins are lost, which all contribute to the value of the bitcoins that remain.

These have been happening for long, so it has become a bitter lesson to many of us, thereby making us wiser than them of old. Or are you not wiser than them already knowing fully well the danger of losing your Bitcoin in case something unplanned for happened? If you don't, I guess you should do. I believe that this understanding and taking precautions will not really make the loss of access to Bitcoin be the major reason why it will appreciate in price, but a true adoption and liquidity injection.

There is quite a possibility that, over time, AI programs will be created that can locate such lost wallets and, using powerful generative capabilities, retrieve the bitcoins from them. But then the question arises, if such a capability becomes available to people, wouldn’t it also be used for theft? I think that the knowledge of the existence of such wallets has already attracted many developers to the idea of creating such a capability.

[Abu-Naim]

Bitcoins are continually being lost. People lose their wallet logins. People die without anybody else holding wallet logins. Bitcoins are burned for any number of reasons. All these things and more are reasons why bitcoins are lost, which all contribute to the value of the bitcoins that remain.

The problem is how can we bring an end to all these?
If people are losing Bitcoin due so many reasons, it will reduce the Bitcoin in circulation and increased the price since the demand from new people will be very high, but is it normal to keep losing Bitcoin like this?

I think we need to start trusting our loved once with our private keys and seed phrases because of you only have access to them and you are no more, then your Bitcoin will be there, none of your family member can access your Bitcoin if they don’t have your seed phrase.

Likewise we also need to put more efforts in given awareness to people on how to manage their Bitcoin and how to do transactions because expect people in this forum, so many people don’t have good knowledge on how to send Bitcoin properly and people are losing Bitcoin in that manner.

[pancelot]

Bitcoins are continually being lost. People lose their wallet logins. People die without anybody else holding wallet logins. Bitcoins are burned for any number of reasons. All these things and more are reasons why bitcoins are lost, which all contribute to the value of the bitcoins that remain.


Up To 37% Of Circulating Bitcoin May Be Lost Forever In Silent Supply Shock


https://www.zerohedge.com/crypto/bitcoins-hidden-scarcity-lost-coins-and-silent-supply-shock
Estimates from on-chain analyses suggest that between 2.3 million and an incredible 7.8 million BTC (roughly between 11—37% of total supply), may have vanished forever, trapped in lost wallets, forgotten keys, or in addresses abandoned due to unexpected deaths. These 'zombie' or 'ghost' coins then effectively reduce Bitcoin's effective circulating supply from the current 19.9 million to as low as a range of 12.1—17.6 million BTC.

A Donation to Everyone

As well as intensifying Bitcoin's existing inherent scarcity, coins that permanently vanish boost the true value of all remaining Bitcoins. As Satoshi Nakamoto, Bitcoin's pseudonymous creator/creators, stated in a foresightful observation in April 2010 in a post on the BitcoinTalk forum: "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."

The lost coin range estimate (2.3—7.8 million) also comfortably exceeds the combined total of Bitcoin ETF and corporate treasury holdings which together total approximately 2.2 million BTC, a point rarely highlighted by a mainstream financial media fixated on the latest Blackrock Bitcoin ETF inflows and [Micro]Strategy's latest BTC purchases.

No Keys, No Coins

Bitcoin's rarity is thus magnified by these permanent losses, as the lost coin supply shock increases the value of every remaining coin, in contrast to traditional centralised assets such as stocks or bonds, In Bitcoin, there is no safety net. Once access is gone, the coins are effectively removed from circulation.

With a self-custodial architecture of 'be your own bank' but on an immutable blockchain, any lost and inaccessible coins on the Bitcoin network remain visible but untouchable. There is no bank and no bailout - only the owner and their private keys.

The familiar warning about exchange-held BTC of "not your keys, not your coins" now becomes the even more dramatic "no keys, no coins" in the off-exchange world.

Bitcoin relies on private keys (unique 256-bit cryptographic strings) to control and transfer ownership between addresses. Forgotten passwords, lost seed phrases, overwritten files, corrupted drives, or discarded hardware all result in irreversible inaccessibility.
...

I agree with this argument. Missing BTC does indeed create some kind of silent supply shock that makes Bitcoin even more scarce. As opposed to bailable, re Printable centralized assets, Bitcoin is final: no coins, no keys. Technically, the blockchain still retains records for those "dead" coins, but in reality they're gone forever.

This is exactly why Bitcoin is resilient as hard money—its supply is capped, and over time it can be capped even further. So what is really a weakness is actually an increase in the value of the remaining coins in existence.

[sunsilk]

More fiat being printed => more value is going to be stored properly in BTC.

It's a cycle that never stops, I agree with you.

One example on this was during the covid-19 height. The stimuli that have been printed like unstoppable for the aide to every citizen.

It's not only the citizens that have poured money to the Bitcoin economy but I guess also those who have a lot of money from their own pockets.

Government related and not. And that's one of the moments when we've seen that the more fiat printed by the government, impacts the price of BTC.

[betswift]

One example on this was during the covid-19 height. The stimuli that have been printed like unstoppable for the aide to every citizen.

It's not only the citizens that have poured money to the Bitcoin economy but I guess also those who have a lot of money from their own pockets.

Government related and not. And that's one of the moments when we've seen that the more fiat printed by the government, impacts the price of BTC.

I didn't think about it, but maybe you are right: anyway, any crisis goes along with instability, and when it hits you, you buy gold and print more money that you control It's usually the case for everyone around the globe.. People don't change, and their systems - too.

[sunsilk]

One example on this was during the covid-19 height. The stimuli that have been printed like unstoppable for the aide to every citizen.

It's not only the citizens that have poured money to the Bitcoin economy but I guess also those who have a lot of money from their own pockets.

Government related and not. And that's one of the moments when we've seen that the more fiat printed by the government, impacts the price of BTC.

I didn't think about it, but maybe you are right: anyway, any crisis goes along with instability, and when it hits you, you buy gold and print more money that you control It's usually the case for everyone around the globe.. People don't change, and their systems - too.

And once it happens again, we'd see how the price of Bitcoin will definitely going to pump.

They won't hesitate to do that once it's been approved or there's some emergence of doing it. Doing it usually is to counter some percentage of inflation.

So, if we'd see them do that again we'll see another reason why Bitcoin is mostly going to be up again. Nevertheless, long term holders are always winners.

[finaleshot2016]

Well, this is one of those reasons why Bitcoin keep coming back because there are countless of bitcoins around there are getting waste, being sent to wrong to adressess, forgotten keys and many more that acted like it’s being “burned” or burned supply. Actually we can consider that the holdings of Satoshi is also a burn supply and that makes the foundation more strong and stable.

Bitcoins are continually being lost. People lose their wallet logins. People die without anybody else holding wallet logins. Bitcoins are burned for any number of reasons. All these things and more are reasons why bitcoins are lost, which all contribute to the value of the bitcoins that remain.

The problem is how can we bring an end to all these?
If people are losing Bitcoin due so many reasons, it will reduce the Bitcoin in circulation and increased the price since the demand from new people will be very high, but is it normal to keep losing Bitcoin like this?

I think we need to start trusting our loved once with our private keys and seed phrases because of you only have access to them and you are no more, then your Bitcoin will be there, none of your family member can access your Bitcoin if they don’t have your seed phrase.

Likewise we also need to put more efforts in given awareness to people on how to manage their Bitcoin and how to do transactions because expect people in this forum, so many people don’t have good knowledge on how to send Bitcoin properly and people are losing Bitcoin in that manner.

Not normal but this isn’t a bad thing also. No one wants their bitcoins lost because it’s obviously a waste of money, but still those are supplies that can be the rock solid in the bottom. It’s not required to have specifically 1 BTC, since many are being lost, price will increase, buying 1 BTC at 120k now and in 0.5 BTC at 120k in the future is no difference, bitcoin just increased its price. It’s a bad thing to lose keys and not managing bitcoins very well but for long term hodl, it’s good thing since no one can really shake the market.

[BADecker]

If you owned a bitcoin and I owned a bitcoin and they were the last two bitcoins in the world, what would the price be? Should we sell ours or part of them? How would selling them affect the price?

Would the Devs split the Satoshi so that more people could own them?

What if we were down to the last two Satoshi's in the world?