UPDATE

[kaselit]

UPDATE

[dothebeats]

If the prices go up, I don't think we'll ever see someone with a large stash to sell in exchange for dollars. With fiat being more and more unstable, these people with large holdings would probably keep btc as is.

[Ibian]

yawn. no. beaten to death. supposed to work like that. moving on.

[bct-user]

I was wondering if this two factors:

- Milion of BTC lost by banks (like MT GOX) or by distracted people
- Milion of BTC in hand of few people (like Satoshi) than now have in their hand more than 200 milion of $

Can damage the BTC economy? Shouldn't this 2 factors increase the BTC value more and more?

btc lost in universe like you said, the coins available is limited, less supply and more demand, the price will rise.
if millions btc in hand of few people, it's could be in early adopter hands, i think they see bitcoin bright in the future, so they will keep it in safe place.

[Amph]

this will actually help the bitcoin price, because there are less supply available, it's a known fact, it's like we have 15M supply cap or something

but the difference will not be that visible now, you must wait adoption to see the effect of this

[bct-user]

So, after all bitcoin lost, how many bitcoin have been lost for u?

what? if all bitcoin lost in universe, lost all :-|
it's never be happens, people won't lose their a precious wealth.

[bct-user]

I know that after MT GOX problem, a lot of BTC has been lost... And i think some kind of milions have been lost!

ah, that's right, sadly but this is true. million precious wealth have been lost because fat guy who spent he's theft coin for pay a prostitutes.
maybe this is why bitcoin price go up.

[Ibian]

I know that after MT GOX problem, a lot of BTC has been lost... And i think some kind of milions have been lost!

ah, that's right, sadly but this is true. million precious wealth have been lost because fat guy who spent he's theft coin for pay a prostitutes.
maybe this is why bitcoin price go up.

The goxcoins were not lost. They were redistributed.

[TastyChillySauce00]

i think its a serious problem, there's gap between the rich and the poor , and people who hold million btc can easily manipulate the market , so the rich will be richer and the poor can only follow the rich

[Ibian]

i think its a serious problem, there's gap between the rich and the poor , and people who hold million btc can easily manipulate the market , so the rich will be richer and the poor can only follow the rich

Welcome to the real world.

[zodiac3011]

fiat's world is not stable right now (look at US's public debt). Bitcoin's just like gold or silver don't usually lose their value so people who have a lot of bitcoins tend to hold it wait for the chance that they can alter the whole market (a big dump when the price is really high) then buy them low again and wait for another. Eventually, they make money while everyone loses it

[Pierre 2]

Lost bitcoins are no danger to bitcoin market. It is even good for small percentage owners.
But guys called whales are dangerous. They can manipulate and damage market easily.

[Pab]

 I dont think it is danger.These people cant dump his coin at once becouse it will create crash, thaydont want to loose his wealth that way,thay are  rather interested in price inrease,In today economy with his stimuls,low rates,debt creation fiat money are loosing value.Bitcoin is in opposition to fiat,so btc price is going to raise together with positive news

[bering]

i think it depends on what they will do because if they intend to crushed the bitcoin price with doing crazy dump and manipulate market then it could be a danger

[Raimonn]

First of all is very different bitcoins lost (people that forgot its private keys) than stolen ones. I really wanted to know how many bitcoins were lost (but i think its impossible to know).
I don't think that people that have a lot of bitcoins is danger for bitcoin price, if they want to sell, they will sell on small packets because they will want to have as money as possible. If they sell all the same day, bitcoin price will fall, and they will receive few money.

[pissedoff]

People in the real world have more money than the entire bitcoin network.
Having more money does not make you a danger to the ecosystem.

[Denker]

i think its a serious problem, there's gap between the rich and the poor , and people who hold million btc can easily manipulate the market , so the rich will be richer and the poor can only follow the rich

How is that a problem?
Are you also complaining about Gates, Buffett, Zuckerberg, Jack Ma, Abramovich and all the other 1600 billionaires?
Bitcoin wasn't designed to make everyone having the same wealth. First come first serve!That's how it works in every market. The super early adopters who realized how powerful Bitcoin will be are of course the ones in the best position.That's not unfair, that's just how life goes.There had been several others guys being in this game pretty early as well but they either did not believed in that technology or thought it will never make the breakthrough.
Still more than 6 million coins to come.So get as much as you can and quite whining.

[thejaytiesto]

Well, it's way better than visionaries get the bigger piece of the pie on a fair game rather than people who killed a lot of people and generated money out of thin air to get what they have.
Also make no mistake, the Bitcoin whales will slowly sell because they are human and prone to fear, but they will not dump. This if anything, will help that a bigger amount of hands own Bitcoin gradually.

[Ibian]

i think its a serious problem, there's gap between the rich and the poor , and people who hold million btc can easily manipulate the market , so the rich will be richer and the poor can only follow the rich

How is that a problem?
Are you also complaining about Gates, Buffett, Zuckerberg, Jack Ma, Abramovich and all the other 1600 billionaires?
Bitcoin wasn't designed to make everyone having the same wealth. First come first serve!That's how it works in every market. The super early adopters who realized how powerful Bitcoin will be are of course the ones in the best position.That's not unfair, that's just how life goes.There had been several others guys being in this game pretty early as well but they either did not believed in that technology or thought it will never make the breakthrough.
Still more than 6 million coins to come.So get as much as you can and quite whining.

He is poor and envious and therefore creates villains to make himself feel better. That's how these people work.

The real reason poor people stay poor is that they prefer to complain rather than do.

[jaberwock]

It may be some worry for the paranoids, but not a big risk, at least not bigger than with other forms of wealth. The big holders are not dumb and will not destroy their own money and power they have by being big holders, so won't do stupid things.

Study how the economic system works and who control it and you'll know that it is more concentrated than BTC and in hands of dangerous people that probably are doing dangerous things and will do much worse in the future