Can bitcoin quantity go down?

[marleybobthedog]

No quantity can't go down but bitcoin could get loosed because many user are forgetting their wallet id, private key our wallet password and that amount of bitcoin would get loosed forever from bitcoin network and that would affect its quantity because that amount would get stored in dark forever

[1715450171]

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[1715450171]

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[hawkins]

I do not know, I've never heard of this, but if it really happens maybe it happened when halving. a decrease in the number of bitcoin today probably can not happen, because every bitcoin who have been out already have a person each for holding the bitcoin. however, if there is a decrease bitcoin, it may be caused by halving.

[kreskko]

It would be good to get more legal help and here in such matters, when your money virtually disappear from your purse without a specific reason. But because of the lack of recognition of the global financial sector, bitcoin is still in the shadows.

[Zadicar]

Quantity  of  bitcoin  could not  go down but   the accesibility  of  each  one  of them  might  be restricted  because  of those  coins that  are lost  on bitcoin ecosystem  , same as  others said here that  people  who lost their  bitcoins    because  they  forgot   their  password and cant able   to access already to the wallet which  means  the coins  is still there  floating around.

[Jonar21]

Quantity  of  bitcoin  could not  go down but   the accesibility  of  each  one  of them  might  be restricted  because  of those  coins that  are lost  on bitcoin ecosystem  , same as  others said here that  people  who lost their  bitcoins    because  they  forgot   their  password and cant able   to access already to the wallet which  means  the coins  is still there  floating around.

There may be suspected criminals who have picked up your password. But this is unlikely. I do not think it's that simple. Purses have a very good level of protection.

[pooya87]

I do not know, I've never heard of this, but if it really happens maybe it happened when halving. a decrease in the number of bitcoin today probably can not happen, because every bitcoin who have been out already have a person each for holding the bitcoin. however, if there is a decrease bitcoin, it may be caused by halving.

actually this can happen. and it is called loss! it can be either from burning coins to one of the burning addresses (bitcoin address without a privatekey) or it can be because people have lost their private keys, encryption passwords or hardware malfunction that led to loss of wallet file. these coins can never be recovered.

[President79]

Quantity  of  bitcoin  could not  go down but   the accesibility  of  each  one  of them  might  be restricted  because  of those  coins that  are lost  on bitcoin ecosystem  , same as  others said here that  people  who lost their  bitcoins    because  they  forgot   their  password and cant able   to access already to the wallet which  means  the coins  is still there  floating around.

There may be suspected criminals who have picked up your password. But this is unlikely. I do not think it's that simple. Purses have a very good level of protection.

If we use 2FA increase more security, opportunities for stolen our bitcoin almost impossible. I more believe you can guess the password 100 member on this forum without any wrong than steal your bitcoin in wallet with 2FA.

[tabas]

Quantity  of  bitcoin  could not  go down but   the accesibility  of  each  one  of them  might  be restricted  because  of those  coins that  are lost  on bitcoin ecosystem  , same as  others said here that  people  who lost their  bitcoins    because  they  forgot   their  password and cant able   to access already to the wallet which  means  the coins  is still there  floating around.

There may be suspected criminals who have picked up your password. But this is unlikely. I do not think it's that simple. Purses have a very good level of protection.

If we use 2FA increase more security, opportunities for stolen our bitcoin almost impossible. I more believe you can guess the password 100 member on this forum without any wrong than steal your bitcoin in wallet with 2FA.

I don't believe that bitcoins can be stolen that very easy. Because it is the negligence of a bitcoin wallet owner whenever his bitcoin will be stolen. It's either his password was given to other people by him or forgot to close or log out his account. And upon being hacked, those bitcoins will remain forever and there is no way to recover it, and it will still count to the quantity of bitcoins.

[SourThunder]

Not true the bitcoin going down. Look the price as of now it will increasing daily and monthly . more people i think millions of people are using bitcoin and many country are  accepts bitcoin as of now. Thats bitcoin more powerful its for the whole world. Bitcoin not going down ever and ever.

[Liad.Services]

Overall,yes.
Bitcoin supply is planned to get lower as years are passing,because some private keys of addresses that contains bitcoins are getting lost over the time by people who just forgot about their wallet,lost their private key, or were just dead and got their bitcoins lost.

Everytime a bitcoin is being lost it is a pure benefit to the community as it makes less bitcoins in circulations which will always make the price go higher.

[Tyrantt]

I remember some dude that had around 30k of bitcoins on his HDD wallet and later he threw it away and when the price jumped to .13k in 2013 he tried digging all over the junk yard and home in hope of finding it, but he didn't . So, that bitcoin is lost forever, just it's not some great number of btc to affect the maximum number of bitcoin that can be mined.

[rajasumi2]

Never does it goes down
-EVERYSAY MINING makes it nore and more bitcoins in the evert day life
-due to salr paenls also the bitcoins are increasing day by day .thats a very good thing btw
Bitcoin can be exchanged and ur question is confusing so please elaborate it vastly .
KudoosKudoos

[Doamader]

In the begining there were a total of 21 milion bitcoins to be mined, and on the last 7 years, several people had lost their bitcoin, soo the quantity its already lower then 21 milion, maybe there is now around 20 milion bitcoin just.

[Liad.Services]

In the begining there were a total of 21 milion bitcoins to be mined, and on the last 7 years, several people had lost their bitcoin, soo the quantity its already lower then 21 milion, maybe there is now around 20 milion bitcoin just.

There has already been a research that showed that more then 5 million coins were already lost.

Although I think that in the future we will be able to recover those lost coins from the first wallets, as they are unsafe and we will probably be able to release the funds through a hard fork or something, or even a quantom computer will be able to hack the private key

[Red-Apple]

In the begining there were a total of 21 milion bitcoins to be mined, and on the last 7 years, several people had lost their bitcoin, soo the quantity its already lower then 21 milion, maybe there is now around 20 milion bitcoin just.

There has already been a research that showed that more then 5 million coins were already lost.

Although I think that in the future we will be able to recover those lost coins from the first wallets, as they are unsafe and we will probably be able to release the funds through a hard fork or something, or even a quantom computer will be able to hack the private key

no that won't be possible ever. a lost coin is a lost coin and you have no way of knowing if it is lost or someone's cold storage. just because it is not touched you can't call it lost.

and about quantum computer i have to say we are ages away from that day but when something like that happens we will be long on another more secure type of private keys invalidating all the previous ones!

[BitMaxz]

In the begining there were a total of 21 milion bitcoins to be mined, and on the last 7 years, several people had lost their bitcoin, soo the quantity its already lower then 21 milion, maybe there is now around 20 milion bitcoin just.

There has already been a research that showed that more then 5 million coins were already lost.

Although I think that in the future we will be able to recover those lost coins from the first wallets, as they are unsafe and we will probably be able to release the funds through a hard fork or something, or even a quantom computer will be able to hack the private key

no that won't be possible ever. a lost coin is a lost coin and you have no way of knowing if it is lost or someone's cold storage. just because it is not touched you can't call it lost.

and about quantum computer i have to say we are ages away from that day but when something like that happens we will be long on another more secure type of private keys invalidating all the previous ones!

Those bitcoin will be still as alive and never burn it was not lose but never use it again because some holders of bitcoins forgot their bitcoin.. and some other bitcoin users send it for a wrong address it doesn't mean those coins are lose but it still alive because it can not affect the value. and the price won't never be crash because of this..
So there is no quantity will go down this is not the same as altcoin that every year there is total of altcoin burned in order to increase the value of every each of coin..

[ranochigo]

Bitcoin quantity can go down. In the early days, miners accidentally used a faulty software and claimed the reward that is less than 50BTC at the start of Bitcoin. The actual total possible Bitcoin is about 20.9Million BTC.

Coins are still being lost with people losing private keys and some burning it. The smaller denomination of Bitcoin will simply be worth more.

[Monetizer]

I know this thread is quite old but I thought I'd chime in. It means your exchange is using some currency and equating it to bitcoin. As for if quantity can go down, no bitcoin will not change from the 21 million imo although coins are lost all the time meaning if you ask me there will probably only ever be like 17m in circulation and like 7m changing hands.

[Zadicar]

Bitcoin quantity can go down. In the early days, miners accidentally used a faulty software and claimed the reward that is less than 50BTC at the start of Bitcoin. The reference nodes will however, now reject transactions that has a coinbase that does not claim the full rewards+fees. This put a stop at the problem. The actual total possible Bitcoin is about 20.9Million BTC.

Coins are still being lost with people losing private keys and some burning it. The smaller denomination of Bitcoin will simply be worth more.

This  is  new  to me and   thanks  for the  info, can you show  a  link regarding  on this  information? On  how  bitcoin could  possibly go down its  quantity.  If  its  possible then for  sure  bitcoin  would  be valuable. As  you said   if the  count  would be  less , bitcoin  would be  worth  more.  Lossing   bitcoins  are  not  schoking news anymore because  it really happens  on  bitcoin ecosystem because  of   the negligence of  other  bitcoin users.

[carlisle1]

Quantity  of  bitcoin  could not  go down but   the accesibility  of  each  one  of them  might  be restricted  because  of those  coins that  are lost  on bitcoin ecosystem  , same as  others said here that  people  who lost their  bitcoins    because  they  forgot   their  password and cant able   to access already to the wallet which  means  the coins  is still there  floating around.

There may be suspected criminals who have picked up your password. But this is unlikely. I do not think it's that simple. Purses have a very good level of protection.

If we use 2FA increase more security, opportunities for stolen our bitcoin almost impossible. I more believe you can guess the password 100 member on this forum without any wrong than steal your bitcoin in wallet with 2FA.

that's right using a two factor authentication could help the users to make their vault or wallet to be more secured and it can help you to avoid those thieves to access your wallet but there will be another problem if ever that user lost or forgotten their passwords or much worse if their 2FA code .