Post
Topic
Board Bitcoin Discussion
Re: How many Bitcoins are lost for good?
by
Lucius
on 29/10/2017, 18:01:10 UTC
As we all know there will only be 21M bitcoins in circulation. I'm curious how many Bitcoins are lost for good? Either people have lost their coins or forgotten their private keys, or simply coins have been lost because various exchanges have shut down.

I wonder if there is a way to know how many coins are lost forever?

We can only speculate how much is the exact amount because people lost BTC every day,and at the beginning when BTC is almost worthless people are not really paying attention to keep coins safe and made backup.Certainly it is a large number of BTC,I suppose that is probably about a few million BTC is lost.I remember there is a topic about this and there is a specualtion that 3-4 million coins is lost,but this was is 2015 and it is based on how many BTC is not moved over a period of one and a half years.I think it is impossible to determine the exact amount.Many say it is good thing because there will be less coins and this is also affect on price in future.