Quote from: BeGoods on June 24, 2018, 01:28:44 AM

Quote from: djgtr on June 23, 2018, 11:44:10 PM

Quote from: BitcoinMarketer39 on June 22, 2018, 11:32:46 PM

Quote from: revCrypto on February 22, 2018, 11:22:28 AM

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?

If cryptocurrency volume will be going to decrease even more due to some reckless actions like forgetting your password then the price will keep on increasing, always remember that a low amount of supply will lead to the price of coins to increase even more in the market.

If that will happen it means it is lucky to other because of one mistake. The increase of the value is the happeness of everyone because it can put up the profit in different way to go. When the market is red everyone tried to hold and waiting to high the value maybe that is the cycle of crypto currencies.

but not all users will have the same options as you. not all users will holding and be patient as you do, maybe many of them also sell out of panic and fear of getting bigger losses, and that's what keeps the bitcoin price down, should some of them have to be patient, because the price is sure to go up, they are too rash..

That is the reason why the idea of using a decentralized wallet where you have the full control of the wallet in your hands and in that case, you can always access them anytime anywhere and any day which is one thing a lot of people usually do not get.
However, lost bitcoins are gone forever, unless there is a protocol however that is going to retrieve them, but how can they be identified is one thing no one can know yet anyway but as long as now is concerned, they are gone forever.