Lost Bitcoins

[sergiom]

When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?

I have heard that after the last bitcoin would be mined, and after all of those lost bitcoins would grow in quantity, we would have increased price and also we would have a bigger decimals.

[Whosdaddy]

No one knows exactly how many bitcoins are lost in the wallets of the old owners and nothing can be done about it. But even without this, the price of bitcoin will gradually increase every year, as there is a deficit. People wishing to get it become more and less tokens themselves here and have it.

Yes, because the total number of Bitcoins remaining on the market is very little, so according to the rule of supply-demand, the value of Bitcoin will grow year by year. I believe Bitcoin will achieve a new milestone this year than 2017.

That is apex of optimism about the market status of Bitcoin. What I believe is that even if Bitcoin could not achieve a new milestone in 2018, it will at least cross the $20000 for sure.

The fact that the number of coins is limited and many of them have been owned already, the supply will diminish with the passage of time which will of course results to a price rise more than proportionately. This simply lead to the prediction that the worth of Bitcoin will be touching the sky in years to come.

[stepwilli]

When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?

Cause we should do the future, I even if it you are respectable with cryptocurrency that the future. The first is a new way to keep the market. The real problem is a good news for the right now, and the market. I do a good job of cryptocurrency is not capitalism, and the market

It is all about mistakes and wrong decisions if you are losing your investments indicating your less experience in this place. I suggest you to gain much experience with less valuable coins for short term and these continuous processes will polish your skill. Now you are able to invest in any source, besides this take care of your wallet pass key or other secret privacy so that you may not trap again.

[Mlowo]

bitcoin is not lost, but bitcoin again affected, all prices dropped due to bitcoin price down, but I still work on bitcoin, over time bitcoin prices will get better again.

[gamalzour]

Bitcoin still remains the best despite the issue of fallen. However I still believe that bitcoin rules the cryptocurrency althrough

They will remain fantastic in hard times too. People need to understand that they have shown such drastic change and uplift even in such bad times so why they don’t show tremendous form of performance when times are good for them. Future is all about technology and digitization so bitcoins has good days ahead. Just be confident with this thing and invest in them for better tomorrow.

[hector3115]

yes it may appear to lose bitcoins nowadays bitcoins are more important than loosing a wallet but yes if any other have pasword it may happen but for that reason we have to keep at oursides and not sharing to much.

It is very important to keep your password and a safe place. It's for me personally I write it on a piece of paper and put in the case.

[owmivmen]

It's very unlikely that it will happen if everyone is smart using blockchain and crypto technology. before joining crypto world you have to understand what is crypto and how crypto it work.

[kiatitami]

It's very unlikely that it will happen if everyone is smart using blockchain and crypto technology. before joining crypto world you have to understand what is crypto and how crypto it work.

Knowledge of the market will help us to reduce the risk very high. It is possible to avoid the risks that they bring us, possibly in the future the price of BTC will increase so I recommend you join now.

[mutrang23]

All events can happen in this market. There will be a lot of Altcoin going to go down the overall circulation because of the silly errors from the owners. This will increase its price as the total supply decreases.

[carlisle1]

When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?

You know what?if only we can tell about when would be the recovery or the start of the pump maybe many of us had been silent and waiting for that time,or maybe selling their assets just to invest .the problem is nobody knows and theres a possibility that were waiting for nothing in terms of recovery

[Raiden0729]

I believe that will require the parcel of interest and low supply of every one of them. This will influence in positive path in context of the financial specialists as the costs will start up surging as the request rises however supply gets bolted up because of such occasions amid the long time. I think there is no real way to prevent such things from occurring as we never know who's holding what and at what arrange they are with their lives. Simply envision if same thing occurs with Satoshi and some way or another his BTC gets bolted then what? At that point we will be shy of 6 million BTC in flicker of an eye.

[South Park]

When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?

That is never going to happen, if most coins disappear from circulation then that just means that the rest of the coins get more valuable, this is something that is happening to silver right now, silver is a great metal to create a currency but it is also one of the most useful metals out there that can be used for everything and slowly the silver reserves are going down when people realize this silver will become extremely valuable, and besides it is not like we can know if some coins are lost or just have not been moved for a long time.

[ChaChaiTL]

Bad for those who have bitcoin lost for some reason such as lost password or lost wallet address or may lose coin from being hackier occupying you should take Keep them more careful

[Tylev]

When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?

Now more than six million bitcoins are considered lost for various technical reasons. This figure will continue to increase, but not as quickly as earlier due to a more thrifty attitude towards bitcoin due to its high cost. I think that it's not worth worrying about. Technology and technology does not stand still. They say that quantum computers will be able to calculate codes of any kind of complexity, including for them it will not be a big problem to decipher the lost bitcoins in blockchein.
In addition, the crypto currency itself develops and will surely gradually be transformed into something more perfect.

[webdevmastery]

When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?

Lost bitcoins will be just gone forever because wallets are multi encrypted and that's the reason you should have the copy of all your passwords.

[BTC-BTC-BTC]

There is no doubt some Bitcoin have been lost and more are going to be lost due to human error. Less supply to go around which will help on the dollar value.

[SIHIN]

There is no doubt some Bitcoin have been lost and more are going to be lost due to human error. Less supply to go around which will help on the dollar value.

I have read some news and there are some of my friends who used to know btc when btc is still cheap, they lost password also their computer is broken, so it shows that many btc lost and supplies a bit, hence the possibility of btc will increase its price in the coming years greatly maybe.

[hot_ads]

If someone has lost a lot of BTC and can't get it back, this may be a good thing for the BTC trading market, as it will at least reduce the number of orders on the market.

[breathlessz]

If someone has lost a lot of BTC and can't get it back, this may be a good thing for the BTC trading market, as it will at least reduce the number of orders on the market.

if you mean losing during trading,  price of bitcoin has decreased. i think on the contrary, it's more sells than to buy bitcoin. but if patience to hold, I'm sure will receive profit

[SolomonSollarsNSense]

When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?

The more people lose Bitcoins or the more the number of lost Bitcoins increase, then the more the price of Bitcoin will increase and it will become even more costly. The price is something that is being determined by the rate of supply and that of demand. But I don’t think it will be easy to tell when Bitcoins are lost🤔 that will be a really hard job for the computer.