Why Bitcoin's Scarcity Is Key to Its Value

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#1Oct 19, 2017, 09:35 PM
So many bitcoins are just lost... People misplace their wallet info or pass away with no one knowing their keys. All these losses make the remaining bitcoins more valuable.
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fewunderstandLegendary
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#2Oct 19, 2017, 10:56 PM
It’s like a forgotten donation to the rest of us. Only those currently holding Bitcoin will see its value go up as more wallets go inactive.
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#3Oct 21, 2017, 08:29 PM
Yeah, I heard they thought about bringing those lost coins back. But honestly, if no one wants to buy Bitcoin, it won't matter how many are lost. But it seems like more folks are trying to hold onto theirs.
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0xLedgerFull Member
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#4Oct 22, 2017, 07:36 PM
You know, this has happened before. Bitcoin’s worth was so low that people didn’t care about their wallet keys. Now they totally regret it. Once a private key is gone, that’s it. Not your key, not your Bitcoin.
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MadNovaHero Member
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#5Oct 22, 2017, 10:23 PM
This just adds to why Bitcoin feels undervalued. The supply's even more limited than we think and it's gonna keep getting smaller.
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dan777Full Member
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#6Oct 23, 2017, 01:32 AM
No way that idea gets traction. Bitcoin’s too divisible, honestly we could have just one left and it would still work. Bringing back lost coins? Bad move. Plus, how can anyone prove they’re really lost?
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seed07Senior Member
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#7Oct 23, 2017, 05:28 AM
But people clearly want Bitcoin. Its value is rising because that demand is solid. Lost coins? Yeah, they might be a thought, but nobody’s really touching them. If people who lost coins suddenly got them back, who knows what would happen to the market.
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0xDefiFull Member
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#8Oct 23, 2017, 05:59 AM
Honestly, the lost coins factor is huge. We talk so much about ETFs and new investors, but the fact that so much Bitcoin is gone is wild. It really shifts the whole supply-demand thing. Makes Bitcoin far scarcer than gold.
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#9Oct 23, 2017, 10:17 AM
When will lost coins start impacting value? Bitcoin's so low right now.
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0xWhaleMember
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#10Oct 23, 2017, 03:43 PM
Totally. Every lost wallet is like those coins have vanished forever. It sets Bitcoin apart from other assets. Just think about how a chunk of the supply is untouchable.
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#11Oct 23, 2017, 09:28 PM
Right? The impact might already be there because of high demand. But honestly, I think we'll see the real effect after every Bitcoin is mined.
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dan.wolfFull Member
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#12Oct 23, 2017, 09:40 PM
Maybe, but I’m not convinced. I think lost coins won’t really add value. It’s all about how people are adopting and using Bitcoin.
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the_seedFull Member
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#13Oct 24, 2017, 03:47 AM
Exactly! Satoshi pointed out how lost coins help everyone, but we really don’t want a flood of lost coins be active. Teach your family about Bitcoin!
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stacksatsHero Member
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#14Oct 25, 2017, 01:03 AM
Wow, I just learned billions might be lost forever... Crazy how estimates vary so much.
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coin07Full Member
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#15Oct 25, 2017, 03:10 AM
Right? Some say under 4 million lost. Interesting to see how definitions change the numbers.
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stacksatsHero Member
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#16Oct 25, 2017, 03:33 AM
Is Bitcoin a solid global currency then? If this many are lost now, what’s it gonna look like in the future with rising populations?
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0xSeedFull Member
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#17Oct 25, 2017, 04:31 AM
Estimates are just that. Many old wallets wake up after years. I think as Bitcoin’s value climbs, we’ll lose fewer coins.
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atlas100Senior Member
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#18Oct 25, 2017, 07:14 AM
Not sure how long it’ll take, but I believe Bitcoin will rise again. Don’t sweat minor dips.
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guru_2014Newbie
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#19Oct 25, 2017, 11:38 AM
Remember Satoshi’s statement about lost coins? It highlights the potential decrease in Bitcoin volume, making it even more valuable.
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hash51Newbie
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#20Oct 25, 2017, 02:11 PM
I don’t buy into the lost coins theory much. Many coins may just be chilling in wallets that people don’t want to touch anymore. But yeah, that fixed supply and rising demand guarantee Bitcoin’s value will jump.
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