About 4 million btc are lost forever

[ryap12]

I have the same thoughts as you, maybe some of them forget the private key to access the wallet, so that the Bitcoin in the wallet never moves to another wallet or another possibility they deliberately discard their private key, because in the beginning Bitcoin existed  , the price was still too cheap so they couldn't wait to wait.

This is a reasonable opinion. This makes bitcoin scarce and there will be less supply because we can't access it. If this happened any time Bitcoin could become extinct.

If ever Bitcoin becomes extinct, 1 satoshi would be damn very expensive. There could be another integration for adding more decimals in bitcoin.

On the other hand, people will start accessing random wallets looking for BTCs that they may find. It is like finding gold here in Earth but done over the computer. lol

[Nboramir]

I have the same thoughts as you, maybe some of them forget the private key to access the wallet, so that the Bitcoin in the wallet never moves to another wallet or another possibility they deliberately discard their private key, because in the beginning Bitcoin existed  , the price was still too cheap so they couldn't wait to wait.

This is a reasonable opinion. This makes bitcoin scarce and there will be less supply because we can't access it. If this happened any time Bitcoin could become extinct.

If ever Bitcoin becomes extinct, 1 satoshi would be damn very expensive. There could be another integration for adding more decimals in bitcoin.

On the other hand, people will start accessing random wallets looking for BTCs that they may find. It is like finding gold here in Earth but done over the computer. lol

I do not think so. When BTC mining is finished, it will be like btc commemorative money. Since there will be no mining cost, it will start to surf at low fees.

[Nostoman]

Over the last few days I have noticed that the price of Bitcoin has been declining. Even today, but a lot has decreased. If the price of Bitcoin continues to fall in this way, users will suffer. There is a matter of popularity after being damaged. I think users will suffer a lot. Because if this trend of bitcoin continues, the price of bitcoin will go down a lot. So there is a risk of loss. So those who hold on to the small range. Give them a sell if they gain some.

[tinakoya]

How can this much bitcoin be lost though. If indeed it's lost due to the owners being dead or have lost their private keys, i wonder if more bitcoin will be minted or it will now result to less bitcoin in supply.

[Alcor]

The bitcoins that have been lost forever are actually much more - about seven million. Their number will only increase over time for various reasons. Since the lost bitcoins are still without access to them on the blockchain, if the appropriate technology appears, then access to them can be resumed. It could also be with the quantum computers that have been talked about so much lately.

[labonikhatun]

Suppliers are usually behind the loss of bitcoin. Many times they lose their bitcoin due to accidents. Therefore, if a trusted person acquires sufficient knowledge about the supply of Bitcoin, it is less likely to be lost. Lost bitcoins will be easier to recover and demand will continue to grow. You are right that the demand for quantum computers is declining with this.

[Michael.sol]

More than 4 million Bitcoins were lost forever due to duplicate transactions that did not generate rewards or were stolen. While the report gives one of the most conservative estimates of the number of coins lost, it still shows that Bitcoin is getting more and more scarce every day.

Truly mate , alot of user's makes dupplicate transaction or we can say they makes transaction on wrong adress .
4 million Bitcoin is really a huge amount in Usdt that's we can't accesable or we can say that's amount of bitcoin is in black hole .

[Jaephoenix]

My problem is why someone can't just claim his money. Crypto is one sphere where money is made and lost. That is why it is enigmatic

[Istiak]

Why they are not claiming that. They don't want money or them just in some wallet that is lost forever or their owner is no more? I saw some news people lost or somehow throw their hardware wallet in a garbage truck by accident. So I think there are a lot of coins out there that are lost forever. It would be great if we had any data for that.

[Rubel007]

According to a recent study by Chainalysis, about 4 million bitcoins have been lost and cannot be recovered. These are no longer in circulation, but are included in the total number of coins that have been mined. So of the more than 18 million BTC that have been mined, only 14 million remain.

[highnayem34]

As of July 2018, that total of 6 million BTC is considered inaccessible and permanently lost on the bitcoin blockchain. Due to the inability to break the blockchain to recover that number, 28.5% of the bitcon's fixed supply is probably lost forever.

If the news is perfect then Bitcoin cash will rank in top10 crypto market for many years!!!!

[Coin63@]

May be right but I don't know about it. It would be possible if  investors died by corona virus Pandemic or lost his private key 🗝 or information. 4 million a huge amount of bitcoin that are very much crucial.

[Senin]

May be right but I don't know about it. It would be possible if  investors died by corona virus Pandemic or lost his private key 🗝 or information. 4 million a huge amount of bitcoin that are very much crucial.

A few years ago there was information that more than six million bitcoins were irretrievably lost. I think this figure is now over seven million bitcoins. No matter how hard people try, bitcoins will be lost for various reasons, and there is nothing we can do about it. The nature of cryptocurrency is such that losses are inevitable.

[Galley]

The most unusual thing in all this may be that sometime in the future, at a certain point in time, a situation will come when the loss of bitcoin may exceed its production at the moment. As a result, he can become extinct as prehistoric animals. However)

[Duckenth]

4 million BTC declared missing, this is really very unfortunate.  Why did it disappear?  4 million is a huge number, but what can be done if it can't be accessed. Since the decreasing amount of Bitcoin should be able to influence the Bitcoin Price in a better direction, we will see what happens next.