Quote from: FinePoine0 on Today at 03:29:01 AM

Quote from: nil_krokodil on January 27, 2024, 03:09:54 PM

Quote from: Aanuoluwatofunmi on January 27, 2024, 01:21:48 PM

Another thing to have in consideration is the effect of this same buying and selling, when we hodl the coin without releasing them and this affects the market price, the network itself will got to a stage or releasing more Bitcoin after halving to the market which will also make the balance between the supply and the demands rate for sufficient circulation until the entire coin is been mined and with this we keep seeing different market prices.

Yes, we can also consider lost Bitcoin to be a big factor because experts are estimating at least 2.5 million of Bitcoin to be lost. It is difficult to predict any amount of lost Bitcoin but we have Satoshi's coins, we have so many stories from early Bitcoin people who have lost access to private key or are searching private keys in waste disposal areas like someone from England. He's searching his private key in a waste disposal factory.
Much Bitcoin is lost.

And it will only increase. Maybe not big amounts anymore but it can happen very fast to lose access to our coins.
Or when more people will have Bitcoin and send it, a small amount might be left at an address or forgotten, it can always happen.
Storing our private key safe is still very difficult because it happens frequently for people to lose it.

Lost Bitcoin will only increase and will reduce all circulating Bitcoin.

It is normal that some bitcoins will go out of the control of people or investors, many people die with bitcoins in e-wallet and those bitcoins cannot be recovered without that person, I think it is normal that those bitcoins are lost. The more bitcoins are spread among investors, the higher the price of bitcoins will increase. We want Bitcoin to spread to more investors and increase the amount of holders, so if Bitcoin is held like this now, then the price of Bitcoin will go up a lot later. It is best to keep our bitcoin wallet keys with own people so as not to get lost.

Reading this reply remembered me of something concerning those bitcoins that have lost due some circumstances like death or missing of security seed phrases. And phrases are not something you can just go pressing for forgotten phrase like how we do in password whenever we forget or misplaced it. If I may ask would it be a bad idea to tell few people you trust (like your relatives) your security phrase incase of such scenero because to me it would have been better for the family members to have the BTC that are being saved in the wallet than the bitcoin to lost and forgotten, Without no one knowing about it.