When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?
At some point soon I believe there will be more lost Bitcoins than those that arent lost. We dont know exactly how many are lost because many are lost when the owner dies and no one knows about the Bitcoins. There are also many people that leave dust on a wallet because it costs more to transfer those coins in fees than the coins value.
It does not matter if you faced with loss because this is not your fault but your fault from the beginning. You should enter with the proper knowledge and not without knowledge because you will be able to handle and face with market situations for the survival of your investment and to lead it to a high market successfully. Now learn about the market and start again with proper knowledge so that you may be able to handle it and make some money.
If bitcoin going to lost for various reasons, it will remains encrypted in the block chainin block chain. However, it will never disappear and remains there until it is decrypted to access it. Despite the complexity of the keys used, these are all mathematical codes that can be hacked by other technologies in the future. One possible example of this is quantum computers that are able to do this. Taking into account the fact that bitcoin will become increasingly difficult to extract and that its number is limited, it will grow in price, which will facilitate the use of various new technologies to gain access to lost bitcoins. Apparently, it will be something like the mining of lost bitcoins.