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Author Topic: Did you know that 25% of all Bitcoins are lost?  (Read 650 times)
ETHtotheMOON1
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July 14, 2018, 08:00:38 AM
 #41

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/

that's sad on the one hand but good for value of bitcoins on the other hand, as it means the lower circulation supply, therefore our bitcoins are more valuable than we thought

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LFC_Bitcoin
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July 14, 2018, 08:05:07 AM
 #42

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/

It’s a good thing, it means YOUR bitcoin’s are worth more. Lower number available to buy on the market = higher trade price.




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pandoraaktor
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July 16, 2018, 04:39:05 PM
 #43

(over 25% of current circulation) are lost

25% of circulation is not a small number. If thats true, whether it will greatly affect the bitcoin price?
Or is this just an artificial issue?
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July 16, 2018, 04:48:39 PM
 #44

Yes i've read from a couple of reliable sources. I think we cannot be sure how many bitcoins are lost but the number that article gave us isn't incredible. Many bitcoin owners didn't take serious bitcoins they had because of very low prices. I know some people who's trying to find their private keys or something make them remember how to reach their bitcoin accounts. They are just people i know. Who knows how many people are in same situation all around the world.
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July 16, 2018, 06:00:03 PM
 #45

 Not exactly! How can we believe this news? Maybe offline wallet users. Otherwise it is not possible, where the bitcoins? Just on the air? So funny. Not right the news. Miners active so no worry. Bitcoin not weak currency, its so much strong.

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katarina007
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July 18, 2018, 07:50:26 AM
 #46

For me about this situation, I do not know if 25% was lost because I was the first timer to participate in this campaign. I hope it will not happen to us so we can not regret it even if we are the first timers.
aoluain
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July 18, 2018, 08:00:09 AM
 #47

I would speculate that back in 2008/2009 in bitcoins infancy there wasnt the same value
put on possessing bitcoin, we have heard before the story of people throwing out computers
with hundreds of bitcoins in wallets still on the harddrive - never to be retrieved.

Also I would speculate that a portion of that 25% can eventually be retrieved as they could
be considered "in long term storage" and so not showing any movenent whatsoever.

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July 18, 2018, 08:16:51 AM
 #48

No bitcoin is lost, if a wallet is not active for years, it doesn't mean it's lost.  Most people use bitcoin as a store of wealth. The owners of the said bitcoin knows what they are doing
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September 29, 2018, 10:44:37 AM
 #49

It is often discarded. Its a very interesting statistics no less. I can not imagine how many people burn their coins on a daily basis. Just think about the bitcoin that is being held by someone who does not want to sell it. Taking a bitcoin at an early time is acceptable, but today it is unacceptable because of its value. Perhaps in the future, this address is brutal. Although I was not surprised. I feel sorry for those who have lost their bitcoin and other cryptos.
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September 29, 2018, 11:32:09 AM
 #50

Horrible news! And i have seen in another news says that the amount is 6 million bitcoins. 6 Million Bitcoin makes $39 billion.. It is just crazy! If i lose bitcoin that much i think i wouldn't breath anymore. I am sure that is from the first time minings that the bitcoin price were like $1 or less.
zubrr51
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September 29, 2018, 11:37:18 AM
 #51

25% is a huge number, which is currently measured in billions of dollars, and it is practically impossible to return them.

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Hudadahuda2018
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September 29, 2018, 11:52:25 AM
 #52

I don't know that information,thanks for sharing here.Hope that it will recuperate them so that more bit coins will circulates.
Yes, what are you saying and I agree to your words about bitcoin because I hope that information and sharing is here because after we know information like that, we all hope to restore unfavorable conditions so that bitcoin can circulate again.

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September 29, 2018, 12:01:45 PM
 #53

does bitcoin have no hope of reaching the 21M supply? How will happen at 2M estimated to be stolen with chance because it can retrieve it. Here's how Bitcoin miners earn less than 21M bitcoin.
#dhabitamartha
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September 29, 2018, 12:03:08 PM
 #54

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/

This needs improvement why bitcoin can be lost to the virus or indeed stolen by technology people if it is stolen this must be someone who can correct the misfortune of bad things like this technology education is now very important for all life of the new era.

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