Quote from: KiaKia on Today at 03:41:47 PM

Quote from: Mia Chloe on July 09, 2023, 07:20:19 PM

I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.

Happy that someone lost his or her life savings? No I am not, because I am also a Bitcoin holder, I won't like it if I manage to lost my Bitcoin, also there is no way we can know the numbers of lost Bitcoins, and not all sleeping wallet addresses are lost.

Even if no single Bitcoin are lost till date are you saying that the value ain't never going to be the same? Those who lost their Bitcoin for real might have sold them in the past years already, any old holders that have Bitcoin right now understood the game, and they are prepared to always be here for a longer period.

there are various reasons why they are considered lost. owners forgot the keys, or simply forgot they had bitcoins. or some owners were already dead and didn't give it to their loved ones and so on. whatever the reason is, it won't affect anymore in the current market.