Lost bitcoins

[Ale88]

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.

No one knows exactly how many bitcoins have been lost forever, every now and then there are thousands of bitcoins that suddenly move again after being inactive for a lot of years and usually it's not a problem for the price. I would only be worried if one day Satoshi's bitcoins will be on the move again...

[MarjorieZimmermanGinger]

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.

When talking about lost bitcoins there is a possibility that it cannot be recovered because the habit of losing bitcoins is caused by carelessness and negligence of people in saving seeds or keys to bitcoin storage wallets. Why should people be happy when the bitcoin price drops? If in theory you mean a drop in bitcoin only at the time of purchase and wishing the price of bitcoin to go down it might still look normal, because generally people would try to take advantage of the drop to buy it, so the theory you mean is weak and unprovable.

The supply and demand process plays a much larger role and will remain in effect throughout its journey. When bitcoins are lost because access to wallets is no longer affordable, they can no longer be used forever by anyone. Therefore storing bitcoins in a secure wallet and securing the seeds and keys is also very important.

[serjent05]

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.

The effect of lost Bitcoin recovery is dependent on the ratio of the returning supply to circulation and the demand.  If there is a heavy demand on the Bitcoin market then these returning Bitcoin supply won't have much effect on the market.  But if Bitcoin is tanking and then a huge lost coins were recovered and immediately sold in the market, it is highly possible that the price of Bitcoin will be affected.  I think the crucial thing about this situation is the level of demand and the incoming supply to the Bitcoin market.

[hannahB4]

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.

For any situation one is in, we will have the benefitted one and the affected one. A person who lost his or her will never be happy it happened, but as for the Bitcoin network, it will be benefitted one as you said.

[Obari]

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

Maybe we should be happy but the truth is that there are some realistic  that are so funny and seem bad but it's just the reality and the truth.
There have been several cades of people who already lost alot of their holdings and I guess what's mustbhave aided the price increasement of bitcoin  and in cryptocurrency  in general. There are the winners and the lossers because these are basically the two set of people we can find and in trading, when I first started, I've  always wondered where the money paid for a win came from but as time went by, I realized it was from the losses for others that the winning payments of others are made .

[Stable090]

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.

Some people invested in bitcoin when bitcoin price worth nothing, most of them those not believe bitcoin price will get to the price it is today, so they didn’t properly secure the bitcoin or should I say they didn’t properly secure their private key. If bitcoin lost is going to be recovered back, then it’s just small percentage that will be recovered back and it won’t really have any effect, also if bitcoin is recovered back and the person that lost the bitcoin those not sell it, if the person decide to keep on holding, then it’s not going to affect the bitcoin price, but if lots of bitcoin is recovered and everything is being sold, then it’s going to dump bitcoin price.

[kryptqnick]

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 some coins that are presumed lost turn out to be available, or if some people regain access to the coins they lost earlier, these coins will effectively become a part of the circulating supply. It's nothing bad per se, as it's just some more movement on the blockchain. But it can have a negative impact if people choose to sell their coins, as that can lead to more BTC for sale than the demand for purchase, pushing the price down. Realistically, though, I don't think such a thing is going to happen, as a lot of money is needed to make a difference, even temporarily.

[Peanutswar]

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.

Actually, it affects the market price if you buy or sell your asset it makes a price movement reason why you think it does not because you like in the small area only of the holders but if you are part of the whales and big company who is having a lot of money with their funds holding a different asset of cryptocurrency that's the time there's a possible huge pump or dump of the candles sticks. Sometimes these times are the reason why the bitcoin network are getting congested people keep selling their money and keep buying to grab the opportunity.

[Mpamaegbu]

Only if all those lost bitcoins are made available for sale on exchanges, then they can effect the price.

Even if the supposed lost Bitcoin is made available for sale on exchanges, there's likely not going to be any effect except all of it is placed on sale at the same time and that will be on a large scale. I know we're dealing with a hypothetical situation here but you and I know that these lost coins will never be recovered, never. I'm one of those who believe vehemently that there's no coin, especially Bitcoin, whose maximum supply will be same as circulating supply. There's bound to be loss due to death and the inability of the deceased to pass it on will always be there. Loss occasioned by carelessness will also be there. Remember how careless and nonchalant most early adopters were about Bitcoin because of lack of faith in the project and so not many of them carefully kept their PKeys or passwords.

[reagansimms]

No one is happy when the assets that are considered the most valuable are lost, I will also regret my negligence in saving the seed phrase which resulted in loss of assets. If you lose Bitcoin due to being unable to access it, the asset will automatically freeze until you can recover it, this will not have a significant impact on the bitcoin price even if the number in circulation decreases. Even though 21 million Bitcoins are still in circulation, the Bitcoin price will continue to increase as long as the demand is greater than the supply.

[Bella001]

If it's too good to be true, it's probably not real. I was tricked by the many profits promises that I forgot to think of its actual possibility. It was a terrible time for me and my family but I am grateful the universe gave me another chance. I was introduced to Fred to file for recovery. I got in touch with Freddictine At consultant com) and reported my experience. Their processes are seamless and effective. Every victim of such scams can get a solutions

[kruizer]

Today my laptop SSD broke, and all the passwords remained there. How can I get information from there? 

[Minhxx]

Bitcoin price falling or not need many factors , If those wallets are opened can create an instant sell wave but the market will recover soon after

[Bitcoin_people]

A lost Bitcoin network cannot be fully recovered as it is considered a network donation. But if a hacker wants to do a full rescue, the market can change a bit. But it won't destroy the market completely but Bitcoin market will dump a bit and then it will rise again. We have seen many situations where many bitcoins are lost in wrong address but they cannot be recovered even after years. But I think it might be good for us if the lost bitcoins are recovered. If this is done then it will have some effect on the price of Bitcoin and its price may affect some of the demand.

[worle1bm]

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.

No one knows exactly how many bitcoins have been lost forever, every now and then there are thousands of bitcoins that suddenly move again after being inactive for a lot of years and usually it's not a problem for the price. I would only be worried if one day Satoshi's bitcoins will be on the move again...

We see lot of addresses becoming active after so many years holding lot of bitcoins but there is difference between dormant address and lost bitcoins as first one still have keys and access to wallets while others have completely lost access like without keys in that case they are completely lost.But yes we can't say what's the actual figure for the lost Bitcoins as can't say which will get recovered in future.

[Jawhead999]

If you lose Bitcoin due to being unable to access it, the asset will automatically freeze until you can recover it

That depends on the situation, if you leave your seed phrase in elsewhere and someone pick it up, your would lose all of your coins forever if the person sweep your coins.

A lost Bitcoin network cannot be fully recovered as it is considered a network donation. But if a hacker wants to do a full rescue, the market can change a bit. But it won't destroy the market completely but Bitcoin market will dump a bit and then it will rise again.  But I think it might be good for us if the lost bitcoins are recovered.

How you can be pretty sure it won't destroy the market completely? if there's a hacker can access the old wallet, it's mean the Bitcoin security isn't safe since there's a chance they can access your wallet too. Many people are use Bitcoin to store their wealth which mean they put all of their money in Bitcoin, they would be scared if Bitcoin isn't safe.

[Reatim]

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.

The answers is given by Og , and yes if that bitcoin you are calling is being found then that is not a lost bitcoin instead it is recovered so why need to make this an issue.
and if what you are telling is right then let it be there as a contribution for the network?
but sorry to tell as it is not , instead it will be lost forever and no one will benefits from those lose bitcoins or even other coins.
I myself have lost bitcoins from my forgotten Phrases and yes I admit it to be there in the air forever.

[Cricktor]

Today my laptop SSD broke, and all the passwords remained there. How can I get information from there? 

Your issue is off-topic to this thread unless you had something as valuable as the password to your crypto wallet on your SSD too. And by the way, "no backup, no mercy!" would be the emotionless answer of an IT guy. Next time you care about not creating a single point of failure and having no backup as I imply from your little details.

Did you loose your access to a wallet password?


Back on topic...
As far as I remember there have been threads about provably lost bitcoins, i.e. those whose redeem script can't be fullfilled ever or where miners didn't claim full block reward, be it intentionally or by error. Those I consider kind of vandalism or some strange sort of statement.

Then we have lost private keys, provably lost private keys specifically. Those coins are lost by security of Bitcoin's cryptography. Well, as shit happens all the time, their amount will likely slowly rise. I know of at least one thread some years ago which tried to sum up the amount lost by provably lost private keys. Of course this works only for users who have reported known losses of their own here in this forum.

Then there are burn addresses for which very likely no public and private key exists (and never will unless Bitcoin's security gets broken). I don't like locking coins into those either, probably the worst examples as of today's balances are:

Burn address		No. of transactions		Locked amount in BTC
1CounterpartyXXXXXXXXXXXXXXXUWLpVr		2922		2,130.98332315
1ChancecoinXXXXXXXXXXXXXXXXXZELUFD		268		480.19569938
1BitcoinEaterAddressDontSendf59kuE		490		13.31609556
1NewbiecoinXXXXXXXXXXXXXXXXDN67UA8		8		1.31817000

Then there is about 5% of total supply, more than 1 Mio. BTC that Satoshi Nakamoto mined whose fate is unknown. Satoshi only ever moved very very few of his coins and I don't expect them to move ever again.

Then there are people who have sent coins to coinbase public keys or addresses which are attributed to Satoshi Nakamoto, the majority to the Genesis block's coinbase. Technically those aren't lost, but likely they are as I don't believe they will be moved ever by Satoshi Nakamoto (if he still lives) or whoever inherits the private keys if those still exist.
The amount sent by people is in the ballpark of 29.41BTC... (considering blocks #0, #9 and the Patoshi blocks)


P.S.
What's the purpose of opening a thread and remaining silent even after more than 50 replies by others? This feels strange to me when an OP acts like that.

[savetheFORUM]

Today my laptop SSD broke, and all the passwords remained there. How can I get information from there? 

This is why one should always keep backups at about 3 or more different places where they know they are safe so that if something goes wrong with the initial source where your information is saved, you can use the alternative source to recover your funds. This is of utmost recklessness if you have a lot of funds and your keys were only saved in your SSD that got damaged and it always had the possibility of breaking or getting damaged somehow.

People don't take good care of their assets and the wallets where they are keeping their funds and then start complaining that Bitcoin is not safe because their funds are lost or stolen, etc. Your funds will be safe but only if you know how to keep them safe and take good care of everything involving your wallet and funds.

[adzino]

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.

Depends on the "amount" of lost bitcoin being recovered. If it is few bitcoins, then no, it won't affect the market. If a wallet was recovered with significant amount of bitcoin recovered (like a lot lot lot), then yes, it might affect the market, but just a little. There will be people that will panic and start selling without understanding anything, and others will follow seeing the price crash. They don't even care if the recovered bitcoin is going to be sold or not. And when the price crashes, others will see as an opportunity, grab it as a discount and the price will start going up. So yeah, a little hiccup on the market and then everything goes back to normal like nothing happened.