Post
Topic
Board Bitcoin Discussion
Re: Lost bitcoins
by
Popkon6
on 09/08/2023, 17:09:02 UTC
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.


The lost bitcoins I think will never be recovered so if they were then about half of the bitcoins would have been recovered by now.  And in the current Bitcoin environment I think the price won't go down even if the lost Bitcoins are recovered. Because as more bitcoins come into the market, the number of buyers will increase. @op Lost Key How to unlock your wallet if lost? I don't think it can ever be salvaged. Currently, the number of people in the market is very high, so if it was possible to recover BTC, many people would have recovered it and brought it to the market.

No one has ever held Bitcoin in an environment where Bitcoin would be lost. I personally store bitcoins in wallets I will never lose. So those who hold quality bitcoins may have been hoarding bitcoins for a long time. And no one will ever throw the face keys of hardware wallets down the drain.