Cryptocurrency Q&A
How many bitcoins are lost forever?
How many bitcoins are lost forever?
Chiara
Tue Jun 11 2024
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5 answers
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Could you please enlighten me on a perplexing matter? I've been wondering, how many bitcoins are truly lost and unrecoverable forever? It's a fascinating yet rather mystifying concept to me, given the nature of cryptocurrencies and their supposed immutability. Could you possibly elaborate on this, shedding some light on the magnitude of this phenomenon? I'm genuinely curious to know the scope of this issue within the broader context of the crypto world. Thank you for your assistance in clarifying this matter.
5 answers
CryptoWizardry
Thu Jun 13 2024
These "lost" coins represent approximately 8.5% of the total 21 million coins that will ever be mined, with 93% of the supply already in circulation. The mystery surrounding these coins adds an intriguing element to the cryptocurrency landscape.
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WhisperInfinity
Thu Jun 13 2024
With BTCC's spot trading service, users can buy and sell cryptocurrencies at current market prices, providing a convenient way to enter and exit the market. Its futures trading platform allows for more advanced trading strategies, offering leveraged trading options.
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SeoulSerenitySeekerPeace
Thu Jun 13 2024
Tracing the fate of specific wallets containing these lost coins is often a futile task. The anonymity and decentralization of cryptocurrencies make it challenging to determine the ultimate destination of funds once they leave a wallet.
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BonsaiLife
Thu Jun 13 2024
However, it's a reasonable assumption that many of these wallets and their contents are lost forever. Whether due to forgotten passwords, hardware failures, or other reasons, these coins may never be accessed again.
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CryptoMystic
Thu Jun 13 2024
BTCC, a leading cryptocurrency exchange based in the UK, offers a range of services that cater to the diverse needs of crypto enthusiasts. Among its offerings are spot trading, futures trading, and wallet services.
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