one question tickling my mind

[megynacuna]

i have one question..

in 2011 bitcoins per 50,000 to 500,000 we spent for nothing, just pranking and stuff...

if one person kept 50,000 bitcoins in his account from 2011 up till now,

would the bitcoins still be valid for transactions?

Of course yes so long as you have your private keys to spend them it doesn't matter how long you've kept them so long as the exchanges continue to list it as valuable.

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[xuan87]

Yes it will still be valid, there are no expiration date for bitcoin as long as the person still remember the private key and got access to that coin, and that person will be very rich now and can buy a lot of thing that he wanted and can become inspiration for other crypto currency Investor

[milewilda]

This is already a 2 year old thread and now being bumped again and expected answers would repeat furthermore and i think op already know the answer on this one.

Bitcoin would always be valid as long you hold the private keys of the wallet and you can anytime sync it or access once again those bitcoin been stored for a long time.

[n0ne]

Why it doesn't have value. That's what thw goodness of bitcoin than other physical currencies. We doesn't need to depend on a bank for our needs. Just can hold our​ bitcoin into the wallet, it grows in value based on the price increase happening with bitcoin. If you save 50,000 bitcoin in 2011 and now of you look it will be 50,000 bitcoin. The value changes when you view in the form of USD.

[jaysabi]

i have one question..

in 2011 bitcoins per 50,000 to 500,000 we spent for nothing, just pranking and stuff...

if one person kept 50,000 bitcoins in his account from 2011 up till now,

would the bitcoins still be valid for transactions?

All bitcoin remains valid as long as owner retains keys to access them.

This thread was dead for over two years and then was resurrected out of nowhere by this comment, but why??? Did you just randomly happen across this thread and decide to post to it regardless of the date? This thing must have been buried deep in the middle of a bunch of similarly dead threads. This is so random.

[Oo ako to]

i have one question..

in 2011 bitcoins per 50,000 to 500,000 we spent for nothing, just pranking and stuff...

if one person kept 50,000 bitcoins in his account from 2011 up till now,

would the bitcoins still be valid for transactions?

 Yes. I have never heard that bitcoin has a validity date like other fiat currencies. If you need proof, ask someone here in the forum i know they have kept one.

[Yakamoto]

i have one question..

in 2011 bitcoins per 50,000 to 500,000 we spent for nothing, just pranking and stuff...

if one person kept 50,000 bitcoins in his account from 2011 up till now,

would the bitcoins still be valid for transactions?

All Bitcoins that are present on the blockchain right now, regardless of their age (meaning something close to being the only coins outside of Satoshi's from the infant days of the network) are valid for using as part of a transaction. If someone has 1m Bitcoin in a wallet from back in 2010, he can still technically sell them and become an insanely rich man. All he has to do is not crash the market in any obscene way.

[dwieyani]

all must be something to think about for the future and how you can lead a business that has been built from a small, not only that there must be a question of the people who need to be answered, and maybe we have to think of what to say to everyone tetnga who have questioned the

[Chikito]

50k bitcoin wallet remains at 50k. unchanged, although the high price of bitcoin will rise, and in blockchain chains also have been stored with the number of 50k. I was reminded of someone who has purchased 5000 bitcoin with price 24 $, and is now at a price of $ 1,000 , he had 5k bitcoin.

[blackhawkeye1912]

i have one question..

in 2011 bitcoins per 50,000 to 500,000 we spent for nothing, just pranking and stuff...

if one person kept 50,000 bitcoins in his account from 2011 up till now,

would the bitcoins still be valid for transactions?

Certainly yes! bitcoin has no expiration in terms of making transaction even it takes year as long as you the password or the private key, because anytime you can retrieve it at once. And whats what the purpose of the blockchain anyway.

[Yanisumin]

Of course it will be valid. The thing is you must be careful, and store that amount cautiously. Thats the reason itself why investing in bitcoin is one of the best way. You can access it and make it in use as you like.

But that amount is so big that you must be careful in scammers and in your private keys. If they snip that you have that amount or you have an online account and they notice that you're holding such amount. There will be people that will try to take it from you. And I think being Extra carefulness will be necessary.

[Pearls Before Swine]

but the owners need to be contacted by any means possible. not to ask them but to inject them again in the bitcoin economy..

No, they definitely do not need to be contacted, and those bitcoin don't need to be 'injected' anywhere.  In fact, it would be better for all of us who hold bitcoin if they never got touched.  The back and forth trading doesn't help anything as far as the price goes, or at least it's a small effect.  Dead coins means less supply which in theory should help support the price (as long as demand doesn't plummet). 

Bitcoin does NOT need to be used as a currency in order for it to maintain its value.  Not many people on this forum seem to understand that.  It's a commodity, like gold, and gold is no longer used as a currency.

[cpfreeplz]

they don't lose their intrinsic value, just the value given by people in the world

so 50k bitcoin from 2011 are still 50k bitcoin today, if you were so good at holding them all 

Ok but if you flood the market with 50k or 500k bitcoins all at once, don't expect them all to sell for $1300/piece. You'll be lucky to keep $1000 as you're some kind of super-whale jumping into a swimming pool.

[ethereumhunter]

i have one question..

in 2011 bitcoins per 50,000 to 500,000 we spent for nothing, just pranking and stuff...

if one person kept 50,000 bitcoins in his account from 2011 up till now,

would the bitcoins still be valid for transactions?

i think its still valid until now as long as he can save his bitcoin into safe wallet and not spend for buying anything. the value of bitcoin he saved is increase especially in the value of the price bitcoin itself because when he bought bitcoin in 2011 and he got the price like let say $110, now he can make big profit if he decide to sell right now.

[freedomno1]

i have one question..

in 2011 bitcoins per 50,000 to 500,000 we spent for nothing, just pranking and stuff...

if one person kept 50,000 bitcoins in his account from 2011 up till now,

would the bitcoins still be valid for transactions?

Absolutely Satoshi is a rich man if he is still around alive and kicking.
Otherwise the supply is technically less than 21 million unless someone in the long run breaks the priv keys.

[Nascor]

as long as you have the private key.. you sure can still use it

BTC doesn't have an expiration date, if you have access to a wallet that contains BTC in 2009, it's the same thing as having access to a wallet in 2017

[aardvark15]

i have one question..

in 2011 bitcoins per 50,000 to 500,000 we spent for nothing, just pranking and stuff...

if one person kept 50,000 bitcoins in his account from 2011 up till now,

would the bitcoins still be valid for transactions?

Yes they are always valid Bitcoins regardless of how long you hold them. Someone with 50,000 Bitcoins from years ago would be extremely wealthy right now. I'm sure there are a bunch of millionaires and even a few billionaires from Bitcoin investments. That's why so many of us have jumped on the bandwagon in the last few years. This is an enormous opportunity but the pioneers are the ones that struck it rich. The rest of us are just going to get a piece of the action.

[Natsuu]

i have one question..

in 2011 bitcoins per 50,000 to 500,000 we spent for nothing, just pranking and stuff...

if one person kept 50,000 bitcoins in his account from 2011 up till now,

would the bitcoins still be valid for transactions?

Absolutely Satoshi is a rich man if he is still around alive and kicking.
Otherwise the supply is technically less than 21 million unless someone in the long run breaks the priv keys.

Absolutely yes, crypto wallet is like a bank for digital currency. Let say you bank fiat for even 3 decades it is still valid and due to demands fiat value increases so you become richer from that time span. But not the same sa bitcoin in real money(fiat) you keep it in 3 decades you'd become rich but in bitcoin when you keep it from 2011 you are now a god damn super rich baby.

[kauban2018]

Actually bitcoin will still be valid if you still have your account and keeping it safe. Private account must have in order for you to ensure the validity of your bitcoin for transaction.The concept of bitcoin account is actually the same with savings bank account for it will never deplete if you still have the records or your account. But always remember that the old bitcoin is not the same with the new bitcoin because of the different revision done by the people behind this campaign or business.

[mostcrack]

i have one question..

in 2011 bitcoins per 50,000 to 500,000 we spent for nothing, just pranking and stuff...

if one person kept 50,000 bitcoins in his account from 2011 up till now,

would the bitcoins still be valid for transactions?

Or how many years to keep it the most important is to keep the private key well, the transaction will remain useless as long as there is bitcoin, excellent technology can keep all coins safe even though many people lose the private key and it will remain there until find the return wallet keys, people will be very rich to keep a lot of coins in 2011 up to now, sometimes I like to be in that position exactly the first time bitcoin appears.