Lost bitcoins

[worle1bm]

It will not happen the way you are thinking because if someone would recover his lost btc the price won't ve affected much because all of them are not selling at the same time when they recovered it.As per reports more then 4M coins have been lost so do you think all of them would be able to recover it? On the other side the supply is shrinking as well so prices will be determined by supply and demand at that time.

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[Rruchi man]

so if my theory is correct then we should be happy those Bitcoins were lost.

Will you be happy if it were your bitcoins that were lost? will you be the one to want to contribute to the bitcoin network like you have said? loss of bitcoins is not something that you should be happy about even when you are not the one affected, some people who have lost their bitcoins could not find the courage to start gathering up what they have lost especially when the bitcoins lost is big and have taken some time and dedication for the person to gather up to what he had.

[riantolie]

so if my theory is correct then we should be happy those Bitcoins were lost.

Will you be happy if it were your bitcoins that were lost? will you be the one to want to contribute to the bitcoin network like you have said? loss of bitcoins is not something that you should be happy about even when you are not the one affected, some people who have lost their bitcoins could not find the courage to start gathering up what they have lost especially when the bitcoins lost is big and have taken some time and dedication for the person to gather up to what he had.

Exactly. Also, the lower the total amount, the fewer people will be able to accumulate a whole bitcoin. It's kinda sad that Bitcoin is limited to 21 million, and it's absolutely impossible to recover lost coins.

[wxa7115]

I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop  because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.

It depends on what you mean by those coins being recovered, people forget or lose their seed words all the time, and they also recover them with some frequency, so if we are talking just about this process then this will not really affect the price that much as there is enough volume to allow those coins to circulate again.

But if you are talking about the developers changing the code to recover those coins, then the price of bitcoin will drop like a rock, but not because of the number of coins recovered, but by the act itself of changing the code to get those coins back, which goes against the most basic principles of bitcoin.

[bitzizzix]

I wouldn't be happy if someone lost bitcoins because they lost their private key.
and lost bitcoins only slightly increase the value of bitcoins remaining on the network but depending on how big they are, they can be divided indefinitely, so losing bitcoins does not harm the network as a whole.
and in addition, because bitcoin derives value from its very limited supply, each bitcoin lost slightly increases the value of the remaining bitcoins on the network. And lost bitcoins never come back forever, and if you manage to find them then sell them, it will affect the price of bitcoins and if you don't, it won't affect it.

[Magic-Money]

Bitcoin has a maximum total supply, which has already created and no additional Bitcoin is going to create, in time's of lost Bitcoin wallet has no meaning if it replaced as long no additional Bitcoin going to be created but rather using the reserve to feel the gab of the lost wallet, I don't think such can exist, because lost of Bitcoin is a result of lost of private key, password and devices used to store your Bitcoin, in the near future Bitcoin will taken advantage of lost to keep increasing in price, because of scarcity in the cryptocurrency market.

[tread93]

I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop  because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.

It wound't affect the price unless they sold them, however this does make BTC even more rare! There is a story to all of these lost coins, if only Bitcoin could tell the story for us on which coins were lost how and by whom. We know for sure there is a couple million on a usb drive in a trash dump somewhere, lol poor guy.

[Odusko]

I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop  because in theory it would affect the amount of Bitcoin in circulation which will lower its price. I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.

The answer to that question is of the total bitcoin recovered is swapped into fiat at a low price that may affect the price of Bitcoin for a while but after then Bitcoin will move on and continue its market penetration because even Satoshi foresaw this and that is why he stated that bitcoin should be allowed to grow organically.
So it depends on what the recovered lost bitcoin which is 99% impossible is used for because if the holder of the recovered bitcoin decides to continue holding it then means there won't be any impact of that on the price of Bitcoin.

[m2017]

I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop  because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.

Should we be happy because someone lost bitcoin (even if it was in the distant past and at a low cost)? Where is your compassion?

I wouldn't call it donations to the bitcoin network, but rather forced and accidental "burning", as did with bnb, to reduce the number of tokens in circulation and increase demand. Also, there is a possibility that this "burning" may be temporary if ways are found in the future to gain access to lost wallets with these btc.

You should not fill your head with such rubbish, because at the moment these lost bitcoin can't affect the current price of it in any way (which I'm sure not very soon). After all, the fact is that bitcoin in the world can be only 21 million, which is quite a bit for the population of the entire planet.

[eightdots]

I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop  because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.

Should we be happy because someone lost bitcoin (even if it was in the distant past and at a low cost)? Where is your compassion?

I wouldn't call it donations to the bitcoin network, but rather forced and accidental "burning", as did with bnb, to reduce the number of tokens in circulation and increase demand. Also, there is a possibility that this "burning" may be temporary if ways are found in the future to gain access to lost wallets with these btc.

You should not fill your head with such rubbish, because at the moment these lost bitcoin can't affect the current price of it in any way (which I'm sure not very soon). After all, the fact is that bitcoin in the world can be only 21 million, which is quite a bit for the population of the entire planet.

It has no effect on bitcoin unless there is a sale. Only Bitcoin becomes more valuable. In the long run, nothing will change.

As the message I quoted states, I wouldn't look at it as a donation. When it comes to bitcoin lost by a person, it would not be right to look at it this way. I don't think it's possible to find lost wallets, but it would be nice if there was such a way.

There is a lot of knowledge to learn and a lot of room to improve in the crypto world. Don't preoccupy your mind with such things. Find other hobbies and improve yourself.

[Wildwest]

If Bitcoin is lost due to hacking it will affect the price, but if Bitcoin is lost because we forgot the password when we store in a wallet then OTU will not affect the price, and the rise and fall of Bitcoin is caused by many things both because of negative news and other problems this greatly affects the value of Bitcoin, although the theory as you said is correct but no one is happy with losing their Bitcoin because it is a very valuable asset, If we want the price of Bitcoin to increase then wait there must be a time because the value of Bitcoin always changes.

[Fivestar4everMVP]

I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop  because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.

Bitcoins that are truly lost can't be recovered, thats the beautiful and most important thing, so practically and technically, there is no way those bitcoins can be sold..

So let's say that, some how, some way, those bitcoin are recovered and added into circulation, it can only affect the price of bitcoin negatively if their owners decides to sell everything, which I don't think is also possible, some will sell and some will still hold for bigger price.

But again, the above is nothing but speculations, the real fact is that bitcoin that are truly lost are lost forever and can't be recovered by their owners under normal circumstances.

[Sim_card]

I don't think that there is any lost bitcoin somewhere or I would be happy if someone losses his bitcoin. When you can't access your wallet due to you forgetting your passphrase doesn't mean that your bitcoin is lost,your bitcoin will be lying idle in your wallet. Whenever,you have remembered your passphrase or password or you have seen your seedphrase,you will be able to do whatever that you like with your bitcoin. I guess that the only way that your bitcoin can get lost is when you send it to a wrong address and the receiver choose not to send it back to you. Lost bitcoin wouldn't affect Bitcoin price because Bitcoin price is being controlled by demand and the rate of adoption.

[goldkingcoiner]

I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop  because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.

If the lost coins were able to be recovered with methods other than finding or retrieving the seed phrase, then Bitcoin would die because that would mean that its possible to find out the seed phrase with other methods (which is currently thought to be an impossible thing to do). In such a case, anyone could get access to any wallet. There would be no point in buying Bitcoin and the people who already own Bitcoin would not be able to sell it. Their money would be lost forever.

But thats a hypothetical situation which is not possible. Even if one were to use a new generation of quantum computer, Bitcoin has safeguards against any known method of brute-forcing seed phrases or otherwise.

Not that it has not been tried, without success.

[Z-tight]

Exactly. Also, the lower the total amount, the fewer people will be able to accumulate a whole bitcoin. It's kinda sad that Bitcoin is limited to 21 million, and it's absolutely impossible to recover lost coins.

It is not sad that it is impossible to recover lost BTC's, because it is impossible to be sure that certain BTC's are lost, if there was a way to recover lost BTC it'll destroy the system and people's coins in cold storage that hasn't moved for years will be said to be lost and stolen.

Satoshi designed BTC to be a scarce asset with a fixed supply, that's the uniqueness of BTC and the reason why there will always be demand for it, don't feel sad about that, buy it and don't sell it to others.

[umbara ardian]

In some cases, the loss of bitcoin can benefit other bitcoin holders, but this is not an ideal way for the price of bitcoin to rise. The loss of bitcoin also doesn't have much of an impact on the price, as it only makes up a small percentage of the total supply. The price of Bitcoin is usually determined by factors such as circulation and market demand. Protecting and securing your personal bitcoins is very important to avoid unnecessary losses and keep your assets safe.

[Woodie]

I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop

Well, recovering lost or forgotten coins is one thing but getting to sell them is another which could have a different impact on market price.

 because in theory it would affect the amount of Bitcoin in circulation which will lower it's price .

But it's not like they will be selling them immediately

Besides this whole coins in circulation doesn't always mean crypto users are selling or buying all coins available at every given chance, some coins remain untouched but are still counted to be in circulation..so not much of a difference will be made unless they are selling 10,000 Bitcoins to have an instant impact.

I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.

Can not be a donation when access to them isn't available,  besides some users have been lucky to remember or figure out the whereabouts of their private keys, so consider these to be dormant coins that can awaken at any time and not donations!

[Beparanf]

I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop  because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.

Recovering it will not affect the price of Bitcoin but selling it will. But ofcourse it depends on the amount of Bitcoin recovered that will be dump in the market to determine if this will gonna impact the price since Bitcoin liquidity is already huge compared before when exchaneg doesn’t have enough liquidity to absorb sell pressure on Bitcoin. There’s already company invested billion dollar on Bitcoin. Recovered Bitcoin is not a problem at all unless it’s the Bitcoin of Satoshi since it’s a huge chunk and it will make Bitcoin holders doubt Bitcoin since the founder already sold his holdings like what happened to LTC when Charlie Lee sold all of his asset.

[SirJake]

I think it is hard to predict how the price would react if lost bitcoin was recovered. bitcoin price depends lot of calculations. we simply call it supply and demand. so I think if we recover lost bitcoins and sell them. it will affect the bitcoin price. because around 3 to 4 million bitcoins are unrecoverable. it is equal to USD 140 Billion. if this selling power comes to market no doubt it will surely affect the market.
https://originstamp.com/blog/how-many-bitcoins-have-been-lost/

I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.

as your theory lost bitcoins are considered donations to the bitcoin network. I don't think so. I think you may have gotten the wrong info or missed something. lost bitcoins are unrecoverable and do not contribute to the bitcoin network.

[Asuspawer09]

I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop  because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.

I mean if you can recover all of the lost bitcoin it will not go to affect the market price of bitcoin unless you're going to sell all of it in the market, that is surely going to affect it since there is a huge amount of lost bitcoin as well as bitcoin as wasn't been moved for years if all of a sudden this huge Bitcoin was sold in the market it would easily affect the market price of Bitcoin and potential make the market price drop easily. It is surely kind of a good thing knowing that there is a huge amount of Bitcoin that is already lost and cannot be recovered by anyone, it is going to make the Bitcoin supply low and that is going to increase the demand in the end.

So this lost bitcoin is a good help on the supply of Bitcoin but at the same time could drop the market if a huge number of Bitcoin will be recovered, I remember reading something about the lost bitcoin that is own but Satoshi if it was recovered this day it is surely going to drop the market price of bitcoin a huge percentage.