People losing their Bitcoin is not a risk to Bitcoin:

[jeraldskie11]

When people lose their private key, it's 100% not Bitcoin's fault but theirs. Losing access to your Bitcoin wallet will decrease the circulation of supply (not literal) which helps Bitcoin to be more valuable.
Lost Bitcoins will not immediately affect the price but it will help Bitcoin to decrease its volatility since that coin is not moving or no transactions.

The only risk I think it gives to Bitcoin is that false information that is being spread to people who didn't know yet about Bitcoin.

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[synchronym]

People's interest in Bitcoin is increasing day by day. Bitcoin is joked by people who don't understand anything about Bitcoin. People who have no knowledge about Bitcoin are the ones who joke or make fun of Bitcoin. The most important thing is that when I work on bitcoins I may have some personal stuff. It's better that I don't share my wallet with anyone. Bitcoin is a completely proprietary and confidential matter. Of course we should all trade in Bitcoin with great caution.

[Natsuu]

I doubt it too that therell be a problem it bitcoin because people are losing their bitcoins. Bitcoin's decentralized and its immutable nature ensures that lost bitcoins remain irretrievable which i think contributes to the scarcity of the total supply. It’s a personal loss.
It's a personal responsibility too to implement strong security measures to avoid such losses because as scary as it is, the decentralized nature of Bitcoin means there's no central authority to recover lost funds.

[m2017]

~snip

If we assume the opposite, then people who find bitcoin (gaining access to previously lost or other bitcoins) actually reduce the value of bitcoin on the network. Still, this sometimes happens (very rarely), but more often than not they lose bitcoin rather than find them. We will see an interesting effect (a lot of drama) if access to Satoshi’s wallet (with ~1 mln. bitcoins) is ever gained.

Well, of course, your mistake with losing the bitcoin is not a weakness of the bitcoin, but only your personal weakness. In fact, private keys is what makes you strong (independent and free from an economic point of view) from any financial systems and regulators. Use this as a priceless gift from the Founder.

[pawanjain]

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.

The one owning bitcoin is educated enough to learn more about bitcoin. People should stop investing blindly into different assets.
Everyone should know what they are doing and what they are holding. Owning bitcoin comes with the responsibility of holding it securely.
People should know that losing the keys mean losing the coins. If they lose their coins then it's their fault.
Bitcoin's value will only keep increasing as more people keep losing their coins thus reducing the bitcoin circulating supply.

[abel1337]

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.

The one owning bitcoin is educated enough to learn more about bitcoin. People should stop investing blindly into different assets.
Everyone should know what they are doing and what they are holding. Owning bitcoin comes with the responsibility of holding it securely.
People should know that losing the keys mean losing the coins. If they lose their coins then it's their fault.
Bitcoin's value will only keep increasing as more people keep losing their coins thus reducing the bitcoin circulating supply.

The reality is there are so many people who invested on bitcoin that don't really have any idea what is a non-custodial wallet. We can see people who just want to gain profits on bitcoin that's why they invested in it without any deep idea how to secure their assets, we can typically find them during the bull market where everyone flocks into buying assets and just store it into their favorite exchange until they can sell it for a profit. It is what I observed last bull market where everyone was blinded about the potential profit they can make on bitcoin and they just rush/blind buy it for their reason. Some of them just don't think that their asset is vulnerable or they can lose it.

It's true that it will be solely our fault if we lose our bitcoin, though there are people who are careless enough to not care about it since they don't have any idea how vulnerable they are.

[salad daging]

If someone is careless in storing their seed phrase and loses the key then it's obviously not bitcoin's fault because the bitcoins will still be in the wallet but you only lose access to your own wallet containing the bitcoins.

The most important thing is how we can secure the seed phrase properly as well as the copy that we store it should not be lost because it is the only access to our own wallet, if someone is careless and loses the important thing in the private key then he will experience a loss because he cannot do anything.

[Agbe]

Losing BTC affect the quantity of Bitcoin and increase the quality of Bitcoin. Like the total number of Bitcoin in circulation will reduce and that will cause scarcity of Bitcoin and since the number has been reduced the supply will be limited and the demand will be high and that will cause another increase in the market price. So to avoid lost of Bitcoin everyone is be careful with their private keys and all the security measures in Bitcoin so that you won't lost your Bitcoin to either hackers or you misplaced it. People are investing in Bitcoin every day and if people lost Bitcoin to be lock forever then ot affect the supply of Bitcoin so it will affect Bitcoin as well.

[adzino]

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.

Yeah, lost bitcoins are lost forever and is somewhat "removed" from the circulation. And yeah, it doesn't affect the overall "network", but there are people that ends up getting frustrated. They start blaming the whole blockchain and crypto currencies for being very complicated (even though it is not). They stop promoting crypto currencies and share their "horror" stories with others. The newbies or people that hears about bitcoin for the first time then starts to hesitate and decides never to invest in crypto currencies. So yeah, even though it might not affect the network, but it will discourage people. Instead of being happy or wishing for things like this to happen, we should be focusing more on educating the people and being sympathetic towards those who lost their coins.

[ThemePen]

You make a good points about how important it  to keep your Bitcoin safe. Some people has lost their Bitcoin because they can not access their private keys. This is really not good for them and it also make the value of Bitcoin go up. So it is really important we should take take the security measures seriously.

Losing Bitcoin because anyone were careless can be a big problem. There is no way to get back if you lose your private keys. So in my point of view it is really important to understand how serious is this and not ignore the information here. If you do not take proper security measures so we can be at a big disadvantage and risk losing your Bitcoin. So everyone new person should be careful for future and should keep the private safe. If they will not safe them so in future they will regret.

[pawanjain]

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.

The one owning bitcoin is educated enough to learn more about bitcoin. People should stop investing blindly into different assets.
Everyone should know what they are doing and what they are holding. Owning bitcoin comes with the responsibility of holding it securely.
People should know that losing the keys mean losing the coins. If they lose their coins then it's their fault.
Bitcoin's value will only keep increasing as more people keep losing their coins thus reducing the bitcoin circulating supply.

The reality is there are so many people who invested on bitcoin that don't really have any idea what is a non-custodial wallet. We can see people who just want to gain profits on bitcoin that's why they invested in it without any deep idea how to secure their assets, we can typically find them during the bull market where everyone flocks into buying assets and just store it into their favorite exchange until they can sell it for a profit. It is what I observed last bull market where everyone was blinded about the potential profit they can make on bitcoin and they just rush/blind buy it for their reason. Some of them just don't think that their asset is vulnerable or they can lose it.

It's true that it will be solely our fault if we lose our bitcoin, though there are people who are careless enough to not care about it since they don't have any idea how vulnerable they are.

It's not bad to hold bitcoin only for profits but not knowing what it is about and how to use it correctly and still holding it with a poor security is bad.
People hold stocks in the share market but there's nothing to worry in there because we won't lose the stocks if we forget the password to our brokerage account.
But we lose our bitcoins if we lose our access to our wallet. So people should know how to hold bitcoin correctly.

[umbara ardian]

While helping others secure their Bitcoin is certainly commendable, it is important to recognize the nuances of personal responsibility in this digital landscape. While supporting community members is admirable, ultimately the burden of security lies with each individual.

The unfortunate reality is that some individuals, through laziness or lack of awareness, have begun their Bitcoin journey without fully understanding the inherent risks and security measures. This can lead to devastating consequences, as they become vulnerable to fraud and hacking attacks.

Remember that security is not a spectator sport. Not only in the cryptocurrency space, this is basic knowledge to protect yourself from potential threats in life.

[doomloop]

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.

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.

You talk about people making sure that they are capable of taking care of their important data, you won't believe that people these days barely care about such things and all they care about is earning money, and it's so naïve of them to not take the necessary steps to secure their wallets and assets that store their money. You will see people spending thousands of dollars on cryptocurrencies and keeping them in an online wallet while having a common 8-letter password.

You will hit your head on the wall if you see how careless some people are with their assets when it comes to cryptocurrencies. They buy cryptocurrencies first and start researching and learning after that, meanwhile, their assets are either kept in the exchange they've bought them in or in a wallet without much security precautions.

[redsun114]

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.

And if you don't apply what you have learned, you are only wasting your time and money. It's better if you didn't learn at all because at least there is a valid reason on why you are losing. But, we usually wait for it before we make a move on how to improve ourselves. Apart from it, there is also another type of loss in/of BTC. You guys already explained it.

It is actually alarming if more and more people experience that, especially if it happens at the current time when there are now lots of tutorials and then wallets and exchanges are now more user-friendly than before. It could scare more people to engage in BTC which can still/also reduce its scarcity.

[Rabata]

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.

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.

Even though there are many threads related to this, it doesn't mean that people don't make these mistakes. There are many of us Bitcoin enthusiasts who are just too busy collecting Bitcoins to think that once they have a Bitcoin wallet, their responsibility is over. But they don't know that the responsibility does not end with just keeping it in the wallet. When they realize they may not have anything to do. Such problems are likely to occur if a Bitcoin holder does not first consider the security aspects of their wallet. I need to know if my wallet seed phrase or keys are correct or not. Every holder should check it at regular intervals. Otherwise he may lose all the assets of his holding due to his unconsciousness. Besides, informing others about your bitcoins is also a big problem. If someone shares his confidential information with others, he will do it at his own risk and no one else can be responsible for it.

[shield132]

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.

People losing their bitcoins is the biggest risk that makes centralized exchange a big opportunity to rise. What was the idea of Bitcoin creation? To make you your own bank, without relying on banks and other financial institutes. Today, after so many people have lost their coins, exchanges decided to use it for their advantage and they started to promote themselves as safe platforms where you can store your bitcoins and don't have to worry about private keys.
It's true that the more people lose their coins, the higher will be price because supply shrink and demand grows but I am not happy for anyone losing their coins. Also, we have limited number of bitcoins, max 21 million mined and if people continue to lose and lose coins over time, with the high transaction fees, only a few people will be able to use bitcoin and this will result in making this coin unpopular or protocol might change and lost coins will be mined again. This is also a threat for bitcoin because such level of control if gained even after the public permission, is still dangerous.

[wallet4bitcoin]

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.

Most of the informations here are of personal experiences. People who have considered it wise to share their experiences for others to learn from and also to get counsel have managed situations and it is resourceful to the forum. If an advice is dropped here and one takes it for granted, its ok. We are all here to learn and most of the stories here has taught us what most of us have no idea existed and wouldn't want to experience and in most cases it bothers around Bitcoin.

Loosing Bitcoin can be painful but within the forum you can find someone giving tips on how not to loose yours, ignore at your own peril

[CryptopreneurBrainboss]

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.

All I can say is that, just like in the real world it isn't everything that people hear that they'll take seriously or will I say, not everyone that hears a warning will take it serious. The message has been passed and it's left for those would will take it serious to take it and be saved. Just as we have been warning people against leaving their Bitcoin on exchanges but some people aren't listening and every time an exchange goes down, we still have members of the forum that are been affected or as we have been preaching against using constodial wallets but people are still neglecting our advice and they'll keep regretting not taking our advice serious.

We'll always have people who'll be losing their Bitcoin just as we have those losing their fiats currency to scammers or due to their carelessness. You just have to make sure you aren't among those people because unlike fiats, losing Bitcoin can be devastating as each time the price of Bitcoin goes up, you'll keep remembering how much you would have made it you still had your Bitcoin and it'll keeps tormenting you, same thing goes when you sell instead of hodling.

[oktana]

Losing your Bitcoin to someone else does nothing at all; it doesn’t affect the network whether Good or Bad because it’s only the person whose Bitcoin was taken that will know about it. Except from that, life moves on and nobody knows anything. If the thief sends the money out, it is no different from if it were the real owner sending the money out. So, about circulation, it doesn’t help, it’s the same case because the funds are already in that wallet and that is circulation.

[Hyphen(-)]

Bitcoin can be lost in two ways. Due to being duped or being careless with your secret keys. All of this is due to negligence and a lack of understanding or awareness about how Bitcoin operates.

Lost Bitcoins are gone and should not be considered a risk to Bitcoin because they are still in circulation, it's just that the owner misplaced or lost access to the wallet where they are, or if you accidentally sent it to an active wallet, the wallet owner will be the new owner of the Bitcoin and will use it as they see fit.

and I doubt their is a means you can use in recovering a lost Bitcoin without your private keys.

The only way to get your Bitcoin back is if you can recover your private keys, which is only possible if the Bitcoin is still in your wallet and has not been sent out due to someone gaining access to your private keys. However, if Bitcoin is accidentally sent to an unknown wallet, it is gone forever and there is no way to recover it.