Post
Topic
Board Economics
Re: Lost Bitcoins
by
xitrum
on 14/07/2018, 22:45:27 UTC
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?
I believe that at this time you should limit and almost no trade, you can see that the crypto market is constantly fluctuating and difficult to guess, bitcoin prices are constantly falling and with the variation I think the bitcoin price will probably continue to drop further as the market is in downtrend.

I think that at this point you should stand outside the market waiting for bitcoin to recover again to resume trading.