Findingnemo
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April 27, 2018, 04:14:17 PM |
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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.
If a person will had that bitcoin till now he will very very lucky and he is one of the big millionaire in the world so I think bitcoin will not have any validity restrictions so it will be very possible to make a transaction with that .
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Boldcom
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April 27, 2018, 04:19:15 PM |
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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! there is no expiration. it is still valid no matter how long you have them, as long as you still have the private key.
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Ayaah
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April 27, 2018, 04:25:01 PM |
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You’d be damn rich to still have the 50,000 bitcoins in your account. There is no expiration no matter how long you hold them. What’s important is the private key.
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Labajah
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April 27, 2018, 04:49:16 PM |
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this was posted on 2015 and pretty sure a lot have answered to this query. answers which are mostly of the same opinion. again, it’s a yes! there is no expiration for bitcoin.
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Andrews193
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April 27, 2018, 05:45:36 PM |
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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?
Bitcoin has been created for many years and has experienced a lot of fluctuations in price levels, the number of people involved in virtual currency increasing, in which the development of the virtual currency day A more significant, more powerful, I think, will have nothing to fear in the future.
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Whitly
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April 27, 2018, 08:34:54 PM |
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Yes, if the person, who was holding bitcoins from 2011 and still have access to them, he easily can transfer them, bitcoins still be valid for transactions. But I try to imagine, how could it change our "present" if everyone wouldn't "spent for nothing, just pranking and stuff...", and were just holding, or without such action, we wouldn't have such price, what we have now?
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rafaelyarulin
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April 28, 2018, 03:58:46 PM |
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5-If the account holder has not died or has not become incapacitated; If you do not lose access to your purse, or information about its location, or not lost encryption passwords, Bitcoins will not disappear. And of course, if they are not stolen, which can also happen.
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EnricoGomez
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April 29, 2018, 03:40:21 AM |
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Your wallet will never be emptied if you have stocked your bitcoin money originally and bitcoin will always have value as long as people use them. Of course, unless you forgot them entirely or just died, you would be pretty fine. People who said the only important thing to access yor wallet with the bitcoin money to it is the private key is correct. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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jcarlo
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April 29, 2018, 07:56:03 AM |
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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?
Off course that still bitcoin same like bitcoin right now, its never change. But most people when holding 50k bitcoin must be selling it at $1000 and they must regret it when they know bitcoin price can reach highest at $19k
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Happydd
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April 29, 2018, 08:09:57 AM |
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Well the question makes me nervous: What would you do when the bitcoin dies? When all bitcoin trading floors in the world collapsed. I really do not know what to do and how to get my money back if bitcoin hits bottom $ 0. But that will not come.
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btc78
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April 29, 2018, 08:23:34 AM |
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Yes. Bitcoins don't lose validity as long as you keep the private keys safe. But it is quite possible that some of the huge bitcoin stashes from early mining are inaccessible due to lost wallets - people did not be particularly careful with their wallets when bitcoins were worth basically nothing.
Onkel Paul
. Bitcoin is lifetime to use,as long as you have your wallet password or exchange that you entrusted the coins this bitcoins will remain as yours for ever.. I think theres a highschool drop oup whos have this same past https://www.cnbc.com/2017/06/20/bitcoin-millionaire-erik-finman-says-going-to-college-isnt-worth-it.htmlCheck this link and you'll see how great bitcoin is
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torch2121
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The revolutionary trading ecosystem
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April 29, 2018, 09:06:46 AM |
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Well hell yeah it is still valid for transaction and the owner is very rich by this time lol. Bitcoin does not have a expiration, it is not like fiat that need to be re-print or if there's a new amount fiat release in a certain country. Like in the Philippines most of the time of a certain President they change the size of the coins and amount and a new look of the fiat money. So what happen is we surrender our fiat money to bank so that it will be change. Best thing about Bitcoin is the value of it. If it change, the value of it becomes bigger in the end of the year which for us holder earn in return.
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carlisle1
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April 29, 2018, 09:27:20 AM |
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Yes. Bitcoins don't lose validity as long as you keep the private keys safe. But it is quite possible that some of the huge bitcoin stashes from early mining are inaccessible due to lost wallets - people did not be particularly careful with their wallets when bitcoins were worth basically nothing.
Onkel Paul
. Bitcoin is lifetime to use,as long as you have your wallet password or exchange that you entrusted the coins this bitcoins will remain as yours for ever.. I think theres a highschool drop oup whos have this same past https://www.cnbc.com/2017/06/20/bitcoin-millionaire-erik-finman-says-going-to-college-isnt-worth-it.htmlCheck this link and you'll see how great bitcoin is I have watched that story and the video that tells the boy story and its amazing,but what im disappointment is whe the boy refused to study because he become a millionaire from holding bitcoins,if were the parent i wil now let my son do it just because of gaining own money,study is the treasure from parents that cant be taken from us
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cmacwiz
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April 29, 2018, 10:31:44 AM |
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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, validity of bitcoin remains viable for as long as you have the private keys of your wallet secured with you, if your private keys get compromised then anyone can transact with your wallet and then your coins will be gone for ever and there is also not any other way to reverse your transaction.
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SummerBliss
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April 29, 2018, 10:35:10 AM |
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From the first coin ever mined to the future coins which would be mined, BTC won't lose its value. Doesn't matter whether you bought it for 5$ or 10$ or 1000$, every bitcoin is now equal to 9500$. All you need is private keys to access your wallet and you can access it from anywhere in the world. This is what makes this market so unique. We have seen so many people becoming millionaires through this.
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ethereumhunter
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April 29, 2018, 01:03:34 PM |
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Well the question makes me nervous: What would you do when the bitcoin dies? When all bitcoin trading floors in the world collapsed. I really do not know what to do and how to get my money back if bitcoin hits bottom $ 0. But that will not come.
I don't know what I will do with my bitcoin when bitcoin dies because I hope that when the time comes, I am selling all of my bitcoin so at least, I can make money from bitcoin and I don't regret to not selling bitcoin as I have a chance to sell while it still worth. I think the other people will do the same as they don't want to hold something that is not worth. but I don't think that bitcoin will die in the future because bitcoin can help us to make money.
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Sharingjoy
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April 29, 2018, 01:11:34 PM |
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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?
He could be one of the millionaires in this technology if you had that numbers of coins. Yeah, nobody knows that the price will reach as high as $20k.
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PonyBoy
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May 02, 2018, 08:14:38 AM |
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Btc don't lose validity as long as you keep your private keys in safe. But it's quite possible that some of the huge bitcoin stashes from early mining are inaccessible due to lost wallets
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lzby2000
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May 02, 2018, 03:17:09 PM |
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This is no problem at all. As long as you protect your wallet safely, it is still effective now. One of the news I saw yesterday was that a technician found his 30 bitcoins in a computer hard disk five years ago, and when he opened the bitcoin purse, his bitcoin still was still there.
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cah ndablek
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May 02, 2018, 03:37:23 PM |
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I think it's still valid if somebody keeps the bitcoin in a few years before however,the constraints that are often faced is the risk of losing so that makes traders become frustrated and afraid to try to re-invest.
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