A simple definition of "lost" coins

[markm]

It is only stop loss if there is a loss.

As someone already pointed out they went from $1 each up to $2 each, with a bubble inbetween. Any point inbetween where it was momentarily going down was a risky point where if you sold you might not manage to buy back in before it skyrocketed to $50 or $100 or more leaving you no opportunity to buy back in. Also, if one is buying with hash power rather than buying with fiat then you are basically buying 24/7 using hash/difficulty averaging so if difficulty goes down you buy faster if it goes up you buy slower.

Hmm, send money to some random scammer on the internet or buy more GPUs, let me think about that...

Plus we already proved it can go to over $30, even before it has hardly even started to catch on and develop infrastructure. Any moment people will come back to their senses and it will scoot up to $1000 or so, want to be the guy who just sold for less than $100 when that happens?

-MarkM-

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[Walter Rothbard]

Why do you we need a definition of lost coins?

[BCmale]

Some thoughts:

- De Beers and its secret diamond reserves. Keeping large amount of something considered "valuable" to yourself and out of the free market to make it look scarce, tends to raise the value of the valuables. Why not do the same with bitcoins? The owner(/s) can always have other wallets.
- Someone used Bitcoin and didn't make a backup of his/her wallet and lost everything because of a hardware failure
- Owner of the wallets are dead
- A large pool owner or someone who wanted to make Bitcoin valuable to make business (FPGA or ASIC vendor, etc.)
- Someone wanted to make Bitcoin more scarce to make it more valuable, so that he/she can exchange bitcoins to fiat money and get rich
- Some ppl bored using Bitcoin, deleted their wallets and now regret it
- Some ppl made their own "Bitcoin Reserve" for whatever purposes

[QuestionAuthority]

[BountyX]

The fact that someone did not use his Bitcoins for many years is still not a proof that he may not use them in the future. Owners of those addresses may not be just individuals, but also organizations, which have different plans and behaviors than individuals.

[NoCoiner3000]

A few of those addresses got wiped recently
I wonder what happened
Did they find their paper wallets or got hacked?
Kinda fishy that someone is sending them tiny amounts of btc daily, why is that?

[OddEvenBets.com]

Disagreed, this is not "lost" bitcoins.
If we check first address 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF balance 79,957.19651843 BTC and every day address get BTC from "Bitcoin buy or sell JUBTC.COM" and 1BestMixVhna91MkP7pKRtjej3bFq6Ze46.
May be this address of exchange?

[sinkfish]

Now, I do agree that most of the points made so far do apply to smaller holdings, but seriously, do you really believe anyone with USD 200,000+ invested in such a volatile thing as bitcoin will let it lose 90% of its peak value and not use any kind of stoploss rule? After all, isn't this one of the basic rules of investing?

This is precisely the flaw in your reasoning.  The people with large 10k+ btc holdings mined them back in 2010 and early 2011 and are NOT investors per se.  Would any professional investor allow the loss in USD value that occurred from $32 down to $2?  no - because it doesn't make any financial sense to do so - sell at $20 and rebuy at $5 even if you're a true believer etc.  But what you're failing to realize is that the ones that did just hold their coins through all that really aren't even interested in financial theory or trading btc - they are trying to change the world.  I can understand that being difficult to believe, but I'm 99.9% sure it's the truth.

they considered pioneers  and early investor. tough on lower amount but they start the trend. 1 small steps of a time.

[distributedconsensus]

Now, I do agree that most of the points made so far do apply to smaller holdings, but seriously, do you really believe anyone with USD 200,000+ invested in such a volatile thing as bitcoin will let it lose 90% of its peak value and not use any kind of stoploss rule? After all, isn't this one of the basic rules of investing?

This is precisely the flaw in your reasoning.  The people with large 10k+ btc holdings mined them back in 2010 and early 2011 and are NOT investors per se.  Would any professional investor allow the loss in USD value that occurred from $32 down to $2?  no - because it doesn't make any financial sense to do so - sell at $20 and rebuy at $5 even if you're a true believer etc.  But what you're failing to realize is that the ones that did just hold their coins through all that really aren't even interested in financial theory or trading btc - they are trying to change the world.  I can understand that being difficult to believe, but I'm 99.9% sure it's the truth.

"...they are trying to change the world." --> Finally some people understand it and no, many of those are not lost for ever, believe me. They are preserved for the future Bitcoin economy where trading in and out in fiat will make no sense at all. Satoshi wanted them well distributed and that day will come when most of those coins will be payments for citizens so they can continue trading value without getting out of the system, by then we will trade in "satoshis" mostly.

[iTradeChips]

I was reading the whole thread and was fascinated with the concept of lost coins. Like a treasure chest in the Digitalandia, ready to be seen and found when the time comes like many, many years from now. The holder of these coins will simply just give their passwords to their descendants and will distribute the money to be used by the masses. Maybe hundreds of years later when Bitcoin would be the sole winner of the "Crypto" wars, will emerge as the leader of all currencies.