yoona
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Live by your own rules
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December 22, 2015, 09:14:40 PM |
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I know it is a tricky question. What do you think, how many Bitcoins are lost forever and are 'out of the network' by lost private keys?
i found this on reddit,may this help to answer your question : You could do an analysis of how often coins move between wallets, and use that data to determine which coins are unlikely to move again. Like, if 90% of coins move at least once every 6 months, you could conclude that the ones that haven't moved in 12 months probably never will. Oversimplification, but it could probably be done with a reasonable amount of certainty - certainly, some coins are just in cold storage, but I imagine that would only account for a small portion of your sample set. Good enough for a broad overview of the market. KallistiTMP |
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tyz (OP)
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January 23, 2016, 01:56:21 PM |
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Here is another record where Bitcoin are lost forever. In total, 2100 BTC got burned in order to create Counterparty (XCP) tokens. http://counterparty.io/news/why-proof-of-burn/ |
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btcprospecter
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★777Coin.com★ Fun BTC Casino!
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January 23, 2016, 11:19:57 PM |
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I would be interested to know the exact amount of lost coins. I would like to think we will never know the true extent of lost coins. By there being less coins in circulation it is bound to increase the value of existing coins we just have to be safe with our coins we do hold that we don't lose them.
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Nybbas
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January 23, 2016, 11:37:29 PM |
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I think a LOT of coins are missing, who knows.... maybe Satoshi's 1,000,000 coins are also lost ?
Lost coins is not a bad thing for us all, as it makes the rest available coins rarer intern increasing the value.
And one day when he return when price come to 10000$ he will become president of new world! |
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2legit2
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January 23, 2016, 11:40:19 PM |
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im pretty sure that a lot of bitcoins are lost since the launch of the bitcoin, but i dont think that its a bad thing for average users as the value of the bitcoins that are not lost is bigger
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virtualdn
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January 23, 2016, 11:48:21 PM |
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an important part may be lost because some people forgot their keys or from other causes. that makes it even valuable...because from 15 mil. coins probably only 12-13 millions are still active - do you know what will mean to own 1 coin ?  |
1 BTC = 1 BTC
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-Tx-Rider
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January 24, 2016, 12:33:48 AM |
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Lost about 0.0061 from my side by this address ► 17qfUN315w6DVyzQbbveSBw3hMWvYVMXAQ Because, i lost the wallet (its a multibit wallet) by my dead HDD, i didn't backup that wallet  and can't even recover from that HDD.  That's actually not that much. At least you've got a lesson. |
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MyBTT
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January 24, 2016, 12:47:45 AM |
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It will be forever an eternal mystery. My only guess is that it's a lot, lot more than many think.
this is a good thing afterall, the more they are the better for the price if everything else remain the same anyway it was estimated that they were around 3M at least, i don't remember where i saw this now Wow. I thought the number would be in the 10 thousands, not the millions. That is a lot of Bitcoin lost. |
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aardvark15
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February 18, 2016, 05:49:53 PM |
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Is there an estimation of what percentage of bitcoins per year are and will be lost forever? I think someone could come up with a percentage but it would be just an estimate because we will never know for sure what has been lost.
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Farma
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Leading Crypto Sports Betting & Casino Platform
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February 18, 2016, 06:17:47 PM |
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I recently lost 0.01 BTC is currently trading play, if I count all amounts bitcoin I omit, maybe it is 0.2 BTC, the amount to quite a lot of thought  |
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LoyceV
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Thick-Skinned Gang Leader and Golden Feather 2021
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February 18, 2016, 06:29:47 PM |
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an important part may be lost because some people forgot their keys or from other causes. that makes it even valuable...because from 15 mil. coins probably only 12-13 millions are still active - do you know what will mean to own 1 coin ? My question now is: how good/bad is this for Bitcoin? Yes it's value may go up as more coins are lost, but on the other hand it does not inspire confidence to people if your money can be lost this easily! Just like I once read that fraud should be added to the transaction cost, just like the cost of fraud is included in a credit card fee. If you include this, Bitcoin transactions are much more expensive than conventional banking. If 10-20% of all bitcoins are lost in just 7 years, how likely are you to still have your coins a few decades from now? |
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Flash1997
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February 18, 2016, 06:41:28 PM |
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Only bitcoins that i have ever lost have been invested in "btc doubler" and didn't received anything back. That was when i just discovered bitcoins.
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LoyceV
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February 18, 2016, 06:44:59 PM |
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Only bitcoins that i have ever lost have been invested in "btc doubler" and didn't received anything back. That was when i just discovered bitcoins.
That's not lost in the sense of this topic. You lost them, but they're not out of the network. Compare losing a 100 dollar bill to a camp fire, or losing it on the street for someone to find. The latter is what happened to you. |
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tyz (OP)
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February 18, 2016, 07:10:50 PM |
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It is impossible to say. There are only estimations where 20-30% of all yet created Bitcoins are lost. I do not believe that the amount is this much but 10-15% is possible. Is there an estimation of what percentage of bitcoins per year are and will be lost forever? I think someone could come up with a percentage but it would be just an estimate because we will never know for sure what has been lost.
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Coaxme
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February 18, 2016, 07:14:21 PM |
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Only bitcoins that i have ever lost have been invested in "btc doubler" and didn't received anything back. That was when i just discovered bitcoins.
Haha I feel you bro. but its not lost, its in the wallet of a scanmers  |
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aardvark15
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February 18, 2016, 10:41:16 PM |
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Only bitcoins that i have ever lost have been invested in "btc doubler" and didn't received anything back. That was when i just discovered bitcoins.
That's not lost in the sense of this topic. You lost them, but they're not out of the network. Compare losing a 100 dollar bill to a camp fire, or losing it on the street for someone to find. The latter is what happened to you. Actually losing bitcoins is even worse that losing a $100 bill in a fire in the grand scheme of things because the government constantly makes dollars so there's no limit so no net loss overall in dollars. With bitcoins, any lost bitcoins are gone forever because the 21 million limit stays the same. |
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Muziwendoda
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February 18, 2016, 10:48:45 PM |
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I do agree with you gents,people do loose their bitcoins,there are many sharks out there waiting to swallow your hard earned money  |
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Wobberdk
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February 19, 2016, 12:32:49 AM |
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I believe that no one really knows how much because of the amount of the users of bitcoin. Imagine the guy who throw away his hard drive with tons of BTC in it. Yes that's a real news... One of the main reasons it's basically impossible to exactly know the % of the supply that's lost forever is the fact that you can't know if an address that hasn't got activity for a long time means the owner lost the password, or the owner is simply holding those coins and working with other addresses for transactions. |
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BTCBinary
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February 19, 2016, 12:45:46 AM |
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There's no way to correctly know how many coins are lost forever. I guess this will only be possible to know after all coins have been mined.
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ajun96
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February 19, 2016, 12:53:06 AM |
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I recently lost 0.01 BTC is currently trading play, if I count all amounts bitcoin I omit, maybe it is 0.2 BTC, the amount to quite a lot of thought are lost all you bitcoin in trading ? lol. How can. are you a trader altcoin / BTC? I also sometimes choose the wrong altcoin. I buy coins wrong, and prices continue to fall and die. approximately I lost more than 0:03 BTC |
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