What happens if all Bitcoin is lost?

[carlfebz2]

What would happen if all Bitcoin is mined and all Bitcoin is lost?

Bitcoin would be totally mined on 2140+ as far as i remember
https://www.ccn.com/education/what-happens-to-bitcoin-after-all-21-million-are-mined/

Bitcoin is lost? It would be depending on how its been described about lost.
Value? If demand becomes to zero then value would go zero as well.
Literally lost? If you do lost your keys then say goodbye into those coins, there's no way that could really be able to take it back.

This is why it would be always best that you should really be that responsible on keeping up your PK's or Phrase and not to lose it
and never ever let someone do able to know those things or you should think about its the key for your funds, so its normal
that you wont really be giving it. lol

[johnsaributua]

Have you recently lost bitcoin? Or are you imagining a simulation if bitcoin does not exist and is replaced by another digital currency?

I like practical, easy and everyone accepts especially long distance, bitcoin is very representative of these functions, I imagine if people are late to recognize bitcoin it doesn't matter, but if they already choose bitcoin, of course transfers abroad will be very easy and cheap. I myself really like assets that are easy to liquidate and have good value to save.

Yes your concern may lie if the price of bitcoin becomes $0, even if you have 1 bitcoin is not left. Throughout history there has not been a moment until the dump to an unreasonable price like a few tens of dollars from tens of thousands, still in the tens of thousands of dollars even when it was so critically last year, I believe this is what makes bitcoin so attractive because it is stable and does not collapse easily. I am a crypto seeker I am not afraid of the value of bitcoin, because of its worth of digital assets and currencies, I choose my own way to use and manage bitcoin well.

My advice is to buy bitcoin first and save it, like you feed your country's fiat money and like you are not afraid of losing value due to inflation in each country.

[bocyaj]

Have you recently lost bitcoin? Or are you imagining a simulation if bitcoin does not exist and is replaced by another digital currency?

I like practical, easy and everyone accepts especially long distance, bitcoin is very representative of these functions, I imagine if people are late to recognize bitcoin it doesn't matter, but if they already choose bitcoin, of course transfers abroad will be very easy and cheap. I myself really like assets that are easy to liquidate and have good value to save.

Yes your concern may lie if the price of bitcoin becomes $0, even if you have 1 bitcoin is not left. Throughout history there has not been a moment until the dump to an unreasonable price like a few tens of dollars from tens of thousands, still in the tens of thousands of dollars even when it was so critically last year, I believe this is what makes bitcoin so attractive because it is stable and does not collapse easily. I am a crypto seeker I am not afraid of the value of bitcoin, because of its worth of digital assets and currencies, I choose my own way to use and manage bitcoin well.

My advice is to buy bitcoin first and save it, like you feed your country's fiat money and like you are not afraid of losing value due to inflation in each country.

The bitcoin was become the un erasable icon in the crypto currency field.So if any one want to inverse their money,the firat thing which was noted by the trader is bitcoin.Many traders get into the crypto currency because of their friends or family members become the rich because of the bitcoin trading in 2021 or 2017.If the trader had come in the year of 2021,they will get to know about the OP words.Since 2017 we all hope for the bitcoin will be closed into the market.But the real fact is the bitcoin usage was keep increase by the year to year in the crypto currency field.

[2Pizza410000BTC]

What would happen if all Bitcoin is mined and all Bitcoin is lost?

Since the beginning of Bitcoin, until now people have lost a lot of Bitcoins, but people have not had any problem with it. The OP asked the question what would be the problem if all the bitcoins were lost? I think there will be no problem. But we may get hurt temporarily. I have heard before that FTX went bankrupt and stole billions from customers but nothing happened to the people they are alive. I have also heard about the Luna scam where billions of customer's money was wasted resulting in nothing to people. So if Bitcoin crashes too, investors and users may suffer for a while.

[Sarah Azhari]

Have you recently lost bitcoin? Or are you imagining a simulation if bitcoin does not exist and is replaced by another digital currency?

He only experiences fear about value when he tries to compare it with fiat. They always did to compare anything currency with local fiat.
Even if he really intended to learn and keep his mind on Bitcoin, actually he's good and fine. He must not compare or exchange Bitcoin with any value or currency so that he is calm and comfortable, Because Bitcoin price is always fluctuating, this is not good to observe all the time especially when he doesn't know the past and doesn't know what's going on. The newbies always ask this question anytime, they always worry if bitcoin that they keep become worthless and $0 even bitcoin is almost already 13 years exist.

[kojektea]

of course it's fatal. I'm sure those who lose all their bitcoins will definitely be depressed. if you remember the case of the LUNA project in 2021, how many people were depressed, even in some news I heard they had a death rate due to suicide. I always prepare for this by not investing all assets into one container, even bitcoin. However, anything could happen. I prefer the safe method, but still invest here.

[alankasman]

of course it's fatal. I'm sure those who lose all their bitcoins will definitely be depressed. if you remember the case of the LUNA project in 2021, how many people were depressed, even in some news I heard they had a death rate due to suicide. I always prepare for this by not investing all assets into one container, even bitcoin. However, anything could happen. I prefer the safe method, but still invest here.

Bitcoin don't disappear if they are looked after properly. It could have fatal consequences if someone else knows the key so they can access the wallet and take away all the assets.
The loss of assets on the exchange occurs because people store them there. If assets are stored on an exchange, then the asset owner is not him but the exchange owner because they don't give us the asset key, we are only given a password to log in to the exchange.

If all assets are stored in a wallet where full control lies with us because we hold the key, it is far from fatal unless our wallet is compromised.

[bettercrypto]

What would happen if all Bitcoin is mined and all Bitcoin is lost?

Lost because of the negligence of the holders, or lost because of losing in the conduct of trading here in cryptocurrency? Because you didn't specify or say what. Or maybe lost because the supply of Bitcoin has been exhausted?

Which of these three are you talking about? If it is due to negligence, we must learn from what we have done wrong and have a lesson from it so that it does not happen again, and if we lost because of trading activity, we must study or learn more about trading skills and things that should go deeper here.

And if its supply runs out, even if it is known that it is impossible, no one really knows.

[johnsaributua]

Have you recently lost bitcoin? Or are you imagining a simulation if bitcoin does not exist and is replaced by another digital currency?

He only experiences fear about value when he tries to compare it with fiat. They always did to compare anything currency with local fiat.
Even if he really intended to learn and keep his mind on Bitcoin, actually he's good and fine. He must not compare or exchange Bitcoin with any value or currency so that he is calm and comfortable, Because Bitcoin price is always fluctuating, this is not good to observe all the time especially when he doesn't know the past and doesn't know what's going on. The newbies always ask this question anytime, they always worry if bitcoin that they keep become worthless and $0 even bitcoin is almost already 13 years exist.

Yes indeed sir, it is best to separate between fiat (for needs) and bitcoin for investment with a ratio that the OP can afford for a risk.

If the OP responds even though he is active today, paying attention behind the scenes, the thread is incomplete so that other people's answers are not moderated, there is still a chance if what the OP wants is read out fundamentally and according to the list of bitcoin planning that he may already have. Is it to temporarily store bitcoin for his business needs, does he want to start mining bitcoin, or is he afraid that the price will drop when the minner reward is distributed later during halving. I am still confused about the OP thinking that bitcoin will slowly drift away and become extinct on the basis of careful calculation or thinking casually while having coffee on the terrace of the house and speculating with his mind. I assume when everyone stores bitcoin it will not necessarily be quiet and disappear and then affect the price and circulation, yes because the needs of each person are different, in other words hodl-er can sell bitcoin at any time. and for the complete disappearance of the circulating supply in the near future at this time it is impossible.

[Essential10]

What would happen if all Bitcoin is mined and all Bitcoin is lost?

Bitcoin is one of many cryptocurrencies and the technology behind it, blockchain, is still thriving. Where everyone is criticizing the price of bitcoin going forward, you say what if all the bitcoins are lost? I can guarantee that if the world is destroyed right now, all the bitcoins will be lost. I don't know the future, what will happen is the next thing. See, life is unpredictable, so it's important to make the most of every moment. Embrace the present and make the most of the time you have. I think you lack a lot of knowledge about Bitcoin, otherwise you wouldn't have asked such a question.

[zaim7413]

Bitcoins that are lost due to forgetting the password, losing the private key, or any other reason remain recorded on the blockchain which is a decentralized ledger that stores the entire history of Bitcoin transactions. Bitcoin does not disappear, instead, Bitcoin will remain frozen in each wallet and can never be accessed again forever.
As a result of some Bitcoins being frozen in wallets due to loss of Private keys or Seed Phrases, the supply of Bitcoins in circulation is decreasing. Shortage in circulation is the deflationary nature of Bitcoin as the limited total supply is only 21 million, lost Bitcoins will gradually reduce the amount available.

[Asuspawer09]

To be honest if all of the Bitcoin is mined we dont really know how it is going to affect the market or the Bitcoin it self, but in theory that is when the market price of Bitcoin could potentially skyrocket since there was more Bitcoin that is going to be created anymore meaning that the Bitcoin is potentially gonna be super rare if a lot of people is gonna start to buy one. But at the same time we it is just theory since personally i dont know how the transactions, mining, network is gonna work if all of it is gonna be mine, but probably that is where it might start as a digital currency since it is the goal of Bitcoin.

Maybe more accurately we can say that all of us here will never be able to see the end of Bitcoin being mined because we need to live for more than 120 years and that of course will be very impossible. But maybe it's true as the theory you said is that when bitcoin becomes increasingly scarce, the price will increase, especially if there are a lot of bitcoins that disappear on the market because they lose access to wallets. Currently, as far as I remember, there are more than 2 million bitcoins that are counted as lost bitcoins because they have never moved again. I've read that article but I've forgotten where I read it.

I guess you are right we are not probably going to see that end but it is for sure an important detail in the future right, for sure it is going to have a big impact on the community but we just do not know yet if all of our theories is really gonna happen. The network speed could also be a thing in the future because we just dont know if it can really support the miners since the network or Bitcoin reward was already all mine for sure the miner's profit is just gonna rely on the transactions of the sender that just means it is going to be cut on there since but I guess it is still going to be fine if the market value of Bitcoin already skyrocketed.

This lost Bitcoins was actually a good thing if we are going to talk about the market value of Bitcoin since it is limiting the supply of it, the only downside is if it happened to you. But for sure it is not going to be the end of Bitcoin since there are a lot of upgrades or changes that could happen that is going to occur even on blockchain technology, I mean technology just keeps on evolving every day right so we dont know what kind of technology we have when that day comes.

[mirakal]

What would happen if all Bitcoin is mined and all Bitcoin is lost?

Once lost, everything will not be recovered anymore. Although bitcoins will not totally disappear since everything is recorded in the ledger, but having no private keys to access them literally means that they're lost forever and will not be on our own possession anymore. Hence, keeping our private keys safely and privately is always a must. Once you have disclosed it, that means you let other people to own it and navigate your own investment. And we don't want to experience it on our owned hard-earned bitcoin investment.

Being knowledgeable on bitcoin is highly essential. While its security is at risk when you fail to secure its safety, but with bitcoin knowledge, you'll be more capable to maintain its privacy and security despite of the hackers that are on hunt on stealing bitcoin from other possessions.

[Marvelman]

This whole bitcoin thing is pretty fascinating when you think about it.  I mean, there's only ever gonna be 21 million of them, so it's not like the government can just print more whenever they feel like it. 

As more and more coins get lost over the years, I guess the total supply goes down.  And if people still want bitcoins that could drive the price up.  Then again, maybe people stop caring as much over time and the demand goes away.  Who really knows how far it could go?

I think the price will keep going up and down like it always does.  But if adoption spreads more, maybe we see it hit crazy highs down the road.  Or not! Trying to predict this stuff seems kinda pointless. 

[Mauser]

What would happen if all Bitcoin is mined and all Bitcoin is lost?

It's going to take a long time for all the bitcoin to be mined. And even today, it's hard to find anybody today who hasn't heard about crypto currencies before. So many different crypto coins have been around for many years and been in the newspapers, I would say most people know a crypto investor today. In 50 years I think it will be impossible to find anybody that hasnt heard about cryptos and probably most people will use it regularly. Among my family and friends are mostly open people who are not against cryptos. Only my mother and grandmother are against it, without understanding it. They never used online banking, so they are against everything new that involves money and isn't cash. There two main arguments against something new is either it's only for rich people, or it's a scam. Both of these arguments are hard to destroy if the person isn't willing to learn more about the subject. But over time everybody is going to change their mind, because cryptos are not going to disappear. Which is why I believe it's impossible for all the bitcoins to be lost. Investors are going to take good care of their keys and will not abandon them.

[wtsimis]

What would happen if all Bitcoin is mined and all Bitcoin is lost?

First of all, it is impossible. Because Bitcoin is not just for one user. That it can be lost at any time. Bitcoin is held by about 219 million (As of December 2022) people. So it is unlikely to ever lose one.
Now let's assume, as you say, all the bitcoins are lost. Then maybe many will suffer a great loss. But maybe a new currency like Bitcoin will come. Which people may or may not accept easily.

[Ever-young]

What would happen if all Bitcoin is mined and all Bitcoin is lost?

What do you mean if all bitcoin is mined and lost, only those bitcoin which the owners don’t have access to the wallet again are considered lost and yet they are not lost forever they can still be recovered if the owner of the wallet can regain access to it.

It’s not possible for all the bitcoin to be lose all at ones that can’t happen because many people care about their wallet protection more than it was back then when bitcoin was not valued up to the way it is now, so nothing like such nature will happen.

[criptoevangelista]

You mean when mining ends? there by the year 2140? miners will only receive transaction fees as a reward. They will no longer receive any more bitcoins mined.

By the year 2032, if I'm not mistaken, each block will reward less than 1 whole BTC, now it's possible to buy it cheap, even though it has appreciated a lot in recent years.

[moneystery]

if 21 million bitcoins have been mined, that means there will be scarcity in the market, and increasing demand from the market will increase the value of bitcoin significantly.

and what do you mean about if all bitcoins are lost? this will not be possible because of the many bitcoin holders they will guard their bitcoins so that it will not be lost. but there are bitcoin assets that may be lost either because the owner has died or the owner no longer has access to them, so they can no longer be accessed and transacted.

[TheUltraElite]

What would happen if all Bitcoin is mined

After they are all mined,
From the perspective of users - nothing really changes.
From the perspective of miners - they no longer get the block subsidy, they only get the transaction fee.

and all Bitcoin is lost?

I dont how that is even possible, I mean lost to whom? Bitcoin is distributed to so many wallets in the world, how can it feasible be "lost"? From a single wallet's perspective, losing their bitcoin means someone stealing it, in which case it is obviously not recoverable from the victim's side.