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Author Topic: Did you know that 25% of all Bitcoins are lost?  (Read 645 times)
Kez1817
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July 13, 2018, 11:39:08 PM
 #21

According to Jameson Lopp, a former BitGo and current CasaHODL engineer over 4 million Bitcoins (over 25% of current circulation) are lost.

Source: https://coincodex.com/article/2018/jameson-lopp-estimates-4-million-bitcoin-are-lost-forever/

    I think it is difficult to believe this. How can you calculate the amount of lost bitcoin which a lot of the people are the owner of it? I those bitcoin are just hold by the people and hide it for a long period of time.

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July 13, 2018, 11:50:06 PM
 #22

I don't know how far it's exactly true.But such a high volume of loss of bitcoins would help boost the bitcoin price since it's supply has lessened while not its demand.

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July 13, 2018, 11:55:49 PM
 #23

This is a very normal thing, there are many people who lost the BTC because they forgot the wallet key or lost the hardware wallet!
There are still some people who have lost some BTC accidents!
Any cryptocurrency is the same, there are always some cryptocurrencies lost, and can never be used in the blockchain!
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July 13, 2018, 11:56:49 PM
 #24

It has a big impact on bitcoin mate if this thing is true. The circulating supply of bitcoin will decrease and also those total supply if it. The question their is, it is lost? Or it is hold by other people for their own sake.

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July 13, 2018, 11:59:49 PM
 #25

According to Jameson Lopp, a former BitGo and current CasaHODL engineer over 4 million Bitcoins (over 25% of current circulation) are lost.

Source: https://coincodex.com/article/2018/jameson-lopp-estimates-4-million-bitcoin-are-lost-forever/



If bitcoin is really digital and we are certain that the bitcoin has been list indeed, I feel it can be retrieved since lost means it now doesn't belong to anyone. It should be mined and readded to the volume.

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July 14, 2018, 12:10:54 AM
 #26

True talk ooo. I have been a victim of this inconvenience. When i first join the bitcoin family, i did not really understand its operations. i created my first wallet, bought some coins and invested a lot of time filling airdrops too which earned me some coins in addition to the ones i bought. I was careless and therefore I lost all my investments and hard-earned tokens in addition. I was so dissappointed and had start to everything afresh. I believe other people have had several experiences too which may include theft, fraud etc. Some bitcoins are also lost when their holder die. It is not surprising to hear that about 25 percent of bitcoins are lost.
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July 14, 2018, 12:29:49 AM
 #27

I do believe that there are lost coins and I am aware that they are not retrievable. But I doubt that it is abiut 25% of the total bitcoins.
Maybe less but not more than 6 million.
Lost coins may be a good thing. When there are lost coins, Values is not possible to end up in ZERO value but hell yeah it is a person's worst nightmare especially when he o she lost their savings in investing in cryptos right?
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July 14, 2018, 12:36:13 AM
 #28

Just got to know own though but wondering what might be the cause if indeed this information is true.
Perhaps people who had Btc died without passing on their private keys. Well, this doesn't sound good.
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July 14, 2018, 12:41:19 AM
 #29

Of course a large percentage is permanently lost, because once the private key is lost the wallet is no good. Additionally, during the scaling issues it was not worth sending spare change to another wallet, so it was often discarded.


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July 14, 2018, 01:02:32 AM
 #30

Of course a large percentage is permanently lost, because once the private key is lost the wallet is no good. Additionally, during the scaling issues it was not worth sending spare change to another wallet, so it was often discarded.
I just heard this news about the loss of bitcoin but the opinion pushups44 very reasonable because the loss is in because the wallet is locked that can not be solved and the throw it away wallet that is not in can be used again and bitcoin participate in it because very little and not worth
so by itself the bitcoin disappears

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July 14, 2018, 01:22:41 AM
 #31

It would be great if that news could be verified somehow.  Its a very interesting statistic none the less.  I have no idea if 25% sounds about right.  I cannot imagine how many people burn their own coins on a daily basis. 

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July 14, 2018, 03:35:47 AM
 #32

It's not lost, rather, it's in a place that we can only see them, but can't own it like in a museum. Just think of those bitcoins are being held by someone who don't want to sell it off. These coins were lost probably on bitcoin's early days, when it's price is just like to an in-game currency. Losing bitcoins on early times is tolerable, but today, it's unacceptable because of it's value.

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July 14, 2018, 06:57:24 AM
 #33

According to Jameson Lopp, a former BitGo and current CasaHODL engineer over 4 million Bitcoins (over 25% of current circulation) are lost.

Source: https://coincodex.com/article/2018/jameson-lopp-estimates-4-million-bitcoin-are-lost-forever/

There are many bitcoin lost because many peoples forgot or lost their wallet information indeed, but i don't know if it is 4 mil or not.
But this is the cause of bitcoin value get skyrocketed. If the circulating supply low, then the price will increased much if the demands high.

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July 14, 2018, 06:59:53 AM
 #34

I do not understand why this can happen? because I think that bitcoin circulation in every market is 4 million bitcoin remaining, then predicted will be exhausted in 2024. but after hearing 4 million bitcoin lost from the market, I feel pessimistic.

if 4 million bitcoins are lost, bitcoin will not have a chance to have a high value. maybe bitcoin will end here.
I have never known this kind of news and this one is new to me, if you're going to ask for my reaction then sad to say but I'm shocked. I've been a long time bitcoin user and only today that I have encountered this news. I never knew that this is happening and I felt bad for bitcoin community. I hope that those lost bitcoins can be brought back to us.


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July 14, 2018, 07:01:11 AM
 #35

Yes many adresses for long time dont move their btc's its means what private keys losted for this wallets.
Maybe in the future this adresses was bruteforced

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July 14, 2018, 07:02:28 AM
 #36

Interesting statistic. Though I am not surprised. A few years ago I had lost my private key, it took me a couple of weeks to find it. I feel sorry for those that have lost their bitcoins and other cryptos.
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July 14, 2018, 07:07:11 AM
 #37

According to Jameson Lopp, a former BitGo and current CasaHODL engineer over 4 million Bitcoins (over 25% of current circulation) are lost.

Source: https://coincodex.com/article/2018/jameson-lopp-estimates-4-million-bitcoin-are-lost-forever/
I have read from several sources for a long time that more than six million bitcoins are considered lost. Here the figures are clearly understated and obsolete. In principle, how can you accurately calculate the number of already lost bitcoins. It is clear that this figure will always be approximate.
You do realize that the research is based on the addresses being used. According to them my 2014 wallets are probably lost, because I haven't made a single transaction since I bought the coins. I'm sure a lot of coins is lost, but estimating that it's 4 million or 6 million based purely on activity is stupid.
Don't underestimate the hodlers Wink

Yes there is no correct number for this.
There might be still holders who are just not doing any transactions until now.

Wherever they get that number it is a total of a non moving bitcoin which is not an accurate idea to tell people. They should input that is just a wild guess.
Although, it is good for me. I dont know about the other holders. It means greater value in the future. That is what they dont see until now. Next time it will just be satoshis that they will be talking about on how valueble per sats is. Grin

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July 14, 2018, 07:34:06 AM
 #38

According to Jameson Lopp, a former BitGo and current CasaHODL engineer over 4 million Bitcoins (over 25% of current circulation) are lost.

Source: https://coincodex.com/article/2018/jameson-lopp-estimates-4-million-bitcoin-are-lost-forever/
I have read from several sources for a long time that more than six million bitcoins are considered lost. Here the figures are clearly understated and obsolete. In principle, how can you accurately calculate the number of already lost bitcoins. It is clear that this figure will always be approximate.
You do realize that the research is based on the addresses being used. According to them my 2014 wallets are probably lost, because I haven't made a single transaction since I bought the coins. I'm sure a lot of coins is lost, but estimating that it's 4 million or 6 million based purely on activity is stupid.
Don't underestimate the hodlers Wink

If they used that as a guideline, then we must assume that Satoshi's 1 000 000+ coins are lost too.  Roll Eyes  Some of the early adopters have loads of coins that was mined in the early days and those coins are stored in cold storage.  Wink

A lot of people lose coins on a daily basis, but they are too scared and embarrassed to announce it on a public forum. <Sending coins to wrong Bitcoin addresses or forgetting their passwords or passphrases for their wallets>  Tongue

I think the percentage is higher. <30%+> Shocked

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July 14, 2018, 07:44:33 AM
 #39

I think that this figure is much larger. About half of the bitcoin will never be used unless a quantum computer is invented that will be able to crack access to the bitcoins

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July 14, 2018, 07:56:42 AM
 #40

I had some bitcoins when they came out when I really did not care much about it, I could not find the bitcoin number when I learned about 1k.
I think the number of missing bitcoins is the same
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