Post
Topic
Board Bitcoin Discussion
Re: Lost bitcoins
by
OcTradism
on 22/07/2023, 10:25:17 UTC
Very few of these are actually recovered. The majority are lost forever and we should not give much importance to that. While they are not recovered we have to consider them as sold at zero price and hence they make the total pool of available bitcoin lower and hence raise the price. But I agree that Bitcoin itself is rare and not much liquid even today and hence it's price is high. We should focus on increasing the amount of Bitcoin that we own and leave out the rest.
What is lost is lost forever and it is almost impossible to find what you lost like private keys, passwords or seed phrase. Chance to recover a lost wallet, password, seed phrase is not big so very few assumed lost bitcoin will be recover.

Some old bitcoins woke up are not actually lost bitcoins. They are only dormant bitcoins and the owners still have access to those coins and they just did not move their coins in previous years.

For lost bitcoins I don't mind when they were lost and around what prices of Bitcoin on the market. It belongs to history and only the owners know real stories of their losses so with us, it does not make sense to guess their stories.

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Also keeping the coins safe is an important thing as well. Don't lose your one coins thats the main thing.
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