Post
Topic
Board Bitcoin Discussion
Re: Lost Bitcoin and possible future scarcity
by
_BlackStar
on 11/05/2024, 21:34:59 UTC
Discussion Questions
  • Do you think all dormant wallet (long inactive wallets) are gone forever?
  • As we are not certain of Satoshi's return, should we be bothered about his dormant wallets?
  • do you think lost Bitcoin can cause Bitcoin scarcity in the future?
  • From a total of 21million total supply, can you attempt a prediction guess of the total number of Bitcoin that would be in active wallets after all Bitcoin has been mined?
I wanted to answer some of your questions briefly - but I'm sure you probably already know what the answers to your questions are.
  • As long as you still hold the key, seed or whatever allows you to access your wallet at any time - then your bitcoin will not be lost.
  • It's normal to fear a big drop due to a massive sale of an address containing thousands of bitcoins - but you should already have a plan for when to cash out your investment in bitcoin.
  • Yes - that's clear.
  • I don't know - if you have a crystal ball, try to predict it yourself.  Tongue