People losing their Bitcoin is not a risk to Bitcoin:

[Jawhead999]

On small scale, when people are lost their coins, it's a lose for them since their assets are decreased.

In big scale, when people are lost their coins, it probably gives a tiny effect to other holders since it makes Bitcoin scarcer. So it depends on which scale we're talk.

Of course when people lost their coins, AFAIK all of them are caused by human mistakes.

[reagansimms]

If someone considers house certificates, land and other valuable assets important, then why are they so careless with the private key which is the only access to the wallet where Bitcoin is stored in it. If they consider the certificate important, then the private key must also be stored in a much more secure place. Private keys cannot be duplicated, you must protect them better than other valuable asset certificates. Carelessness in saving your private key will result in you losing money because you won't be able to access the wallet where Bitcoin is stored in it.

[NewRanger]

If we pay attention, there are quite a lot of incidents such as BTC prices which vary greatly as they do now. What @Jawhead999 said is true and most of it is caused by human error and it is also very clear that in looking at it it is also from the point of view from which we will see it. This is why future BTC is so valuable because if we want to own it then we have to buy it from existing Bitcoin owners.

[Eternad]

The truth is that people actually loose access to their private keys and will loose their bitcoin In the process and a lost bitcoin isn't even a disadvantage to the network but actually increase the value of bitcoin in circulation and so if you take all the security measures being shared in the platform for granted, you're putting yourself at a serious disadvantage because if you loose your bitcoin due to your carelessness, it's your loss and not that of bitcoin and I doubt their is a means you can use in recovering a lost Bitcoin without your private keys.

But who will assume that lost of Bitcoin due to carelessness of holder is a disadvantage to Bitcoin network while there’s tons of lost incidents even on fiat but these type of incidents never associated to fiat network itself but rather to owner itself.

Lost Bitcoin doesn’t increase the price of circulating supply of Bitcoin but rather it just reduce the potential of decreasing the price in the future since inactive Bitcoin is already relevant to circulating supply. The demand on Bitcoin is the one that gives more value to Bitcoin and not lost Bitcoin just because it stop being circulated.

[Faisal2202]

So I read a thread by a new member who was asking if the information that is being shared here is just theoretical to gaining relevance in the platform or is something that is actually being practiced in real life situation and the first thing that came to my mind is the numerous post about securing ones Bitcoin holding and the fact that some persons might be taking it for granted.

The truth is that people actually loose access to their private keys and will loose their bitcoin In the process and a lost bitcoin isn't even a disadvantage to the network but actually increase the value of bitcoin in circulation and so if you take all the security measures being shared in the platform for granted, you're putting yourself at a serious disadvantage because if you loose your bitcoin due to your carelessness, it's your loss and not that of bitcoin and I doubt their is a means you can use in recovering a lost Bitcoin without your private keys.

You made your point crystal clear and I agree with it, lost or abandoned BTC do increase the price of BTC because supply is being locked and it is permanent so supply is being cut down while the demand is increasing day by day therefore the price will increase ultimately. Your suggestion is practical but I don't see how it relates to your first paragraph context.

Like if a person thinks many members share impractical suggestion while the remaining ones shares practical ones, how this observation is related to your suggestion?

Overall, we should try to keep our private keys as safe as we can, and many people say the best way is to place them offline, like writing them on paper, and to save them from natural or artificial disasters, we should engraft them on some metal. I say that's not the best way. It's just not for me, maybe for another, it is but not for me. I had an idea that I had to test first then I will share it here by creating a new topic of how to keep your seed phrase safe on online places.

[EarnOnVictor]

The truth is that people actually loose access to their private keys and will loose their bitcoin In the process and a lost bitcoin isn't even a disadvantage to the network but actually increase the value of bitcoin in circulation and so if you take all the security measures being shared in the platform for granted, you're putting yourself at a serious disadvantage because if you loose your bitcoin due to your carelessness, it's your loss and not that of bitcoin and I doubt their is a means you can use in recovering a lost Bitcoin without your private keys.

That is the risk, you have to be serious with your Bitcoin and its wallet, and Bitcoin can't be crucified for the fault of anyone. Those who are buying Bitcoin should learn about it to familiarize themselves with it and know the risks in both custodial and non-custodial wallets to know the best they can cope with between them. And if it's the self-custody arrangement you signed for, you should also know the dos and don'ts and no one should be dragged into the mistake and carelessness of another. The self-custodial arrangement is for a very good purpose, and in this, you own your coin and nobody can lay claims on it, ever. I see this as the best.

For the second part about Bitcoin gaining the opportunity of the lost access to wallets, I guess this is not the case. Despite that some whales hold Bitcoin and do not hide it, there are still many whales who own it but do not talk about it and still have their access intact. Yet, Bitcoin moved to about $15,000 late last year. But now, it has appreciated about x3. This reveals that there is persistent demand and supply, and it means that it's not about the lost access that Bitcoin is appreciating now but people pumping fresh capital into it at this season. Is that not simple enough?

Truly, Bitcoin holds the asset of some people who can't access it due to their fault but I must tell you that the percentage of those people is negligible and will have no serious effect in the market.

[goldkingcoiner]

So I read a thread by a new member who was asking if the information that is being shared here is just theoretical to gaining relevance in the platform or is something that is actually being practiced in real life situation and the first thing that came to my mind is the numerous post about securing ones Bitcoin holding and the fact that some persons might be taking it for granted.

The truth is that people actually loose access to their private keys and will loose their bitcoin In the process and a lost bitcoin isn't even a disadvantage to the network but actually increase the value of bitcoin in circulation and so if you take all the security measures being shared in the platform for granted, you're putting yourself at a serious disadvantage because if you loose your bitcoin due to your carelessness, it's your loss and not that of bitcoin and I doubt their is a means you can use in recovering a lost Bitcoin without your private keys.

I have absolutely no issue with lost Bitcoin. That only means there is less Bitcoin in circulation and due to the deflationary nature of Bitcoin, that will only serve to strengthen the price of BTC. So I see this as a win for the rest of us Bitcoiners.

There is always many things you can do to avoid and prevent losing your Bitcoin wallet access.

Losing their keys is 100% their own fault. Bitcoin is about being your own bank, and people need to take that more seriously.

[AnonBitCoiner]

There is no threat to the worth of bitcoin whenever someone loss their bitcoin because as the number of bitcoin reduces so the price directly goes up because everyone knows that price enhances when there happens decrease in supply. Although bitcoin has no disadvantage but people who lost their Bitcoin's key information will be definitely in disadvantages.

This case is astonished because everyone is struggling for getting money so how one can forget secrecy of his money because bitcoin is also a money. If someone is interested in getting profit then he will never forget his password or anything else related to bitcoin and will be serious about saving it in different places but an irresponsible person will not care about what happened to his money.

[Alpha Marine]

So I read a thread by a new member who was asking if the information that is being shared here is just theoretical to gaining relevance in the platform or is something that is actually being practiced in real life situation.

When it comes to my security, I owe a lot of it to this forum. I try my best to put whatever I learn on the forum into practice because, at the end of the day, it's for my benefit. If something should happen to my phone or wallet and I become a victim of cybercrime one way or the other, I will be the one affected, not a member of the forum. It will even be worse for someone like me who knows what to do and doesn't do it.

The truth is that people actually loose access to their private keys and will loose their bitcoin In the process and a lost bitcoin isn't even a disadvantage to the network but actually increases the value of bitcoin in circulation.

That's one way to look at it. It won't be an issue when a handful of people lose their Bitcoin by forgetting the recovering phrase or something, but when so many people begin to lose their Bitcoin like that, it reduces the amount of Bitcoin in circulation, yes this increases the Bitcoin price but it can also be a disadvantage because Bitcoin supply is fixed.
About 6 million Bitcoins are lost, so imagine that number increased to 10 million.

[Nwada001]

There are people who just come online and run across some information; they read it just for entertainment purposes and to kill boredom. There are also people who just search for information online, get the answer to the questions they ask, and transfer it just the way they see it to another. There are also people who actually read, understand, and practice what they have learned. Those people are the ones who are really security-conscious.
 
Here is a Bitcoin community where people share useful information for it to be helpful to others. It's now left with the next person to treat the information as important as it should be or take it for granted and fall into the trap of making a mistake that could have been avoided if there was attention given.
 
This is just life. Only a few people practice what they preach, while others act strong while making careless mistakes. Just like someone who praises and supports bitcoin as a privacy coin and still moves their holdings to a centralized exchange where they need to pass KYC, where is the privacy right there?

For those who don't take security seriously, losing their coins because of that is more like doing the coin hood than harm, as they are contributing to a number that could have been in circulation, which serves as a donation to the growth of others.

[justdimin]

If we pay attention, there are quite a lot of incidents such as BTC prices which vary greatly as they do now. What @Jawhead999 said is true and most of it is caused by human error and it is also very clear that in looking at it it is also from the point of view from which we will see it. This is why future BTC is so valuable because if we want to own it then we have to buy it from existing Bitcoin owners.

I think that's individual issues, not really an issue for bitcoin as a whole. I get that it may feel like it is not a big deal but the reality is that it is a bigger deal than what we assumed it could be. I know that it may look like a market issue as a general but usually who gets involved will be the only ones that get any damage regarding these troubles and in other cases it just won't be an issue at all.

I believe that the best thing we could do right now would be to let the situation get bigger and better, so we need to end up with something that needs to be a huge deal. I can see the situation changing one way or another, and for that to happen, we need to end up with a deal that needs to grow to be bigger, and these individual stuff won't matter.

[Bananington]

I have come to understand that even negative trust is a better publicity than no trust or no publicity at all, because it can be predicted or anticipated. What am saying is that despite the losses from trading, losing wallet key phrases, hackers or scammers or from investment in BTC by acquisition, that have been recorded, the value still remains ever growing.

What is left to be seen is the effort that has been effectively channeled in to make the Crypto idea become a better reality than envisioned.
Those who gain massively or even in bits from involvement in BTC know that they had their own experiences at first but persisted with a constant improvement on the original knowledge thats rather deficient.

[Inwestour]

I have absolutely no issue with lost Bitcoin. That only means there is less Bitcoin in circulation and due to the deflationary nature of Bitcoin, that will only serve to strengthen the price of BTC. So I see this as a win for the rest of us Bitcoiners.

There is always many things you can do to avoid and prevent losing your Bitcoin wallet access.

Losing their keys is 100% their own fault. Bitcoin is about being your own bank, and people need to take that more seriously.

That's right, if you want to deal with Bitcoin, then first learn how to handle it to eliminate all risks. When someone loses their bitcoins it is bad, but in most cases it is only their fault, and the reason is that the safety of the coins was not taken care of properly. Coins are not necessarily lost forever, if someone stole them, they will be in use in the future, so this will not always lead to a decrease in their quantity in circulation.

When you own Bitcoin, you become a bank yourself, you need to know this before you buy Bitcoin and not forget about it.

[Zlantann]

Observing these kinds of threads, I can't help but wonder how some people managed to misplace their private key. We all know that bitcoin is not an investment that should be joked with, as doing so will result in the loss of everything you have worked so hard to accumulate. Therefore, my question is: Why did those who lost their private key purchase bitcoin? The most important thing to keep safe when owning cryptocurrency is your private key; sharing it with others puts you at risk of losing everything you have invested because having your private key is equivalent to having access to your wallet. Therefore, before engaging in cryptocurrency, make sure you are capable of taking all the necessary precautions to ensure that you are not a careless person.

Many lost their keys because they never knew Bitcoin would be this big. Some of them saw it as a joke and just invested with scepticism and ended up misplacing the private keys. My relative bought Bitcoin but he knew nothing about the coin, he just bought it because a friend persuaded him to buy it. He knew he copied the keys but because he didn't take it seriously, he didn't know where he kept the password and private keys. Some also lost access to their coins due to natural disasters that led to them losing access to wallets. While so many others lost their funds due to carelessness.       

The truth is that people actually loose access to their private keys and will loose their bitcoin In the process and a lost bitcoin isn't even a disadvantage to the network but actually increase the value of bitcoin in circulation and so if you take all the security measures being shared in the platform for granted, you're putting yourself at a serious disadvantage because if you loose your bitcoin due to your carelessness, it's your loss and not that of bitcoin and I doubt their is a means you can use in recovering a lost Bitcoin without your private keys.

After someone is introduced to Bitcoin, he should spend time to study about the Bitcoin space. He needs to learn about wallet transactions and a very important topic should be how to secure your funds. Investing in Bitcoin without learning about crypto security might lead to a loss of funds. And the loss of funds has no adverse effect on the Bitcoinshpere.

[Onyeeze]

So I read a thread by a new member who was asking if the information that is being shared here is just theoretical to gaining relevance in the platform or is something that is actually being practiced in real life situation and the first thing that came to my mind is the numerous post about securing ones Bitcoin holding and the fact that some persons might be taking it for granted.

The truth is that people actually loose access to their private keys and will loose their bitcoin In the process and a lost bitcoin isn't even a disadvantage to the network but actually increase the value of bitcoin in circulation and so if you take all the security measures being shared in the platform for granted, you're putting yourself at a serious disadvantage because if you loose your bitcoin due to your carelessness, it's your loss and not that of bitcoin and I doubt their is a means you can use in recovering a lost Bitcoin without your private keys.

In numbers of social media that's into existence I think theirs no social media that teaches better than bitcointalk in terms of bitcoin related issues or discussions, if someone who is privileged to find its self in this community come up with different agenda of being ingrate for taking the community or whatever we discussed here for granted that relates with bitcoin, that means the person don't want to learn and understand the basics things of bitcoin, because from the way I understand bitcoin bitcointalk is the highest place that impacts the knowledge of bitcoin across, all the information that we acquired today concerning bitcoin almost all come from bitcointalk, we knowing the important of wallet security is from bitcointalk.

[Volimack]

These events are very surprising to keep bitcoins it is better to keep its keys safe if ever the value of bitcoins increases then you will have to face a lot of difficulties. There are many people who do not keep their personal belongings organized but if they lose their keys to keep bitcoins they will suffer a lot. It is better to know about bitcoin and then use these processes so that there is no fear of losing. Wallet keys should be kept in a place from where easy access is available.

[barisbilgili]

These events are very surprising to keep bitcoins it is better to keep its keys safe if ever the value of bitcoins increases then you will have to face a lot of difficulties. There are many people who do not keep their personal belongings organized but if they lose their keys to keep bitcoins they will suffer a lot. It is better to know about bitcoin and then use these processes so that there is no fear of losing. Wallet keys should be kept in a place from where easy access is available.

It is very important for us to be able to keep the private key well because if they cannot keep it well then we will lose the Bitcoin assets we have and we will not be able to get access. We must be able to keep them just like other valuables that we have and also we don't need to give them away. Anyone knows about the private key and only we ourselves can access it. Don't let anyone tell this to someone we can't trust.

[Shamm]

Helping others to secure their bitcoins is praiseworthy work that most of the users have been doing all this time when someone asks about it or wants to learn to prevent others from scamming them. But when others are lazy enough to take this initiative before investing or holding some bitcoins, it's not anybody else fault but him/her because they didn't bother to learn one of the important things about having bitcoins and that is how to secure and prevent themselves from getting fooled to send it to the scammers and hackers.

Everyday minute there are many scammers want to scam us  and as a beginner for investing and holding we need more knowledge about it we don't need to hurry as we all know that greediness will fall us into loss. So we need to more vigilant as this is the right thing to do once we are involve in investing.  If could someone want to know our Private information then it's better to ignore them to prevent our privacy.

[Obim34]

Many will play with everything being discussed in this forum and others will adhere to the instructions which will save dem from unnecessary losing of assets. Some people dey always prefer experience to become their best teacher, u fit dey ring am for their ear no be say dey no dey hear u but dey get this doubt of say e no go fit happen to them and dey go come feel less concern.

Like you said OP if anyone should loss their private key then it becomes a big advantage where else it helps the market get better but considering personally the amount of money invested by the person, who knows how long the person toild to invest such amount of money and all gone due to carelessness. We better start being conscious as anything being discussed are not base on assumptions and must have happen times without number so we have to be careful enough not to be found wanting.

[tjtonmoy]

If you are using a private wallet (which is always recommended) And you lose its private key, you are fucked. Same thing with Bitcoin transactions. Once you have completed the transaction, it is irreversible. You can't get back here Bitcoin. Double-checking or triple checking before every transaction is always recommended for any kind of usage. I have seen people backing up their secret key online and I was one of them too. After reading so many posts about securing your privacy and your key, I no longer keep them anywhere where it could be hacked, or the information could be compromised.

I don't think telling people will have any kind of effect. Because people don't listen to you unless they have faced it themselves. They will keep on ignoring this kind of thing until they become the victim. Few will listen and do it. Others will suffer and learn it the hard way.