Wasting BTC

[nasipadang 399]

Usually for a minimum withdrawal is only used by the exchanger site and when it is possible that the account that has the number of satoshi that you are talking about is inactive within a certain period of time, there is a possibility that the developer of the site can take it. whereas for online wallets that use a private key you can send without a minimum withdrawal and you can set a fee. wasting bitcoin? I guess your calculation of the amount of bitcoin that is inaccessible is more than that, but your 1000000 account calculation does not make sense.

[fuer44 1083]

it is a tragedy that cannot be avoided if we have not had time to share our wallets with our heirs. therefore, try our balance is always 0, but at that time we get profit from bitcoin, not 0 from losses. it will really help us not to make bitcoin useless.

[cryptosix 1643]

On 12/24/2019 at 10:45 PM, nguyenhuy50 said:

Since so many bitcoins are being wasted, we should write the secret in our wallets on paper and tell relatives that it will prevent them from turning bitcoin to death.

Yeah, but do you share that thing with your family members and do all the members know about internet and Bitcoin?

In my family no one know about this Crypto and their use, so if I died then all the crypto will be wasted.

[dizanti 33]

I would not say that this is a problem. The wallet should be protected only so that even after death it was impossible to reach it. Who wants to give his family this wallet

[iloveyobit 6599]

Yes, true, and unfortunately, we cannot do anything about this matter. Do you think that during this year 2019, the owner of a platform that had his portfolio containing 200,000 bitcoin died and no one was able to open his wallet because he was protecting his information. Imagine the size of the bitcoin that was lost.

[Benjamin 84]

There are many ways that the btc will wasted like of being scammed, there are many people are getting scammed by just simply attracted to their flowery words, so we need to avoid it for yhe sake of our coins to no wasting it.

[Kusumo234 400]

13 hours ago, Emma said:

Anda mengatakan sekitar 1rb satoshi tersisa setelah penarikan kami.tapi kami tidak mundur hanya satu kali, sehingga kami dapat mundur lagi dan 1rb akan disimpan di sana yang sebelumnya. omong-omong, di sebagian besar dompet, kami dapat menarik jumlah berapa pun setelah membayar biaya.

Hehehe, but the problem is that if there are only 1,000 satoshi left to withdraw, of course the withdrawal fee for the miner fee is greater than the bitcoin that will be withdrawn,

And something like that is possible without us knowing it also applies to the balance of our cryptocurrency trading account, without us knowing in an exchange we still leave a small amount of coins that were previously used for trading or being withdrawn, and because of the small amount of cryptocurrency it is not possible to buy other cryptocurrency  even though the price is much lower,

[mani982 286]

Do not waste your bitcoin .Bitcoin is very costly currency of the world.in future when we see the price of btc we  feel bad if we lost even 1000 satoshi now these days.bitcoin is very rare .secure your wallets and funds.

[Tine0313 3053]

Well many factors why many bitcoin are getting wasted, it is not just the left account. For example, forgetting the password of your account or send it to the wrong dead wallet, such things like that. So we should be more careful so we can't waste bitcoin.

[el-Muhammady 718]

You really make a good point, maybe the blockchain technology be supposed to cook up applicant system for the bitcoin and other cryptocurrencies. If everybody dies afterward they be capable of grant their cryptocurrency to their desired one.

[rekter 8129]

On 12/23/2019 at 5:12 AM, rjroshan said:

Always problems are coming and going this happening like a circle in our life. I'm thinking about BTC wasting all over the world. Bitcoin is very valuable to commercial society for many reasons. What we can do stop bitcoin wasting ...

Imagine most of the time our bitcoin wallet remains 0 - 20,000 Satoshi and we cant used them to withdraw because of minimum threshold. For example, let's get 1000,000 accounts which only 1,000 satoshis left their accounts. 
Total wasting BTC amount is 1000,000*1000= 10 BTC
This wasting amount of bitcoin more than those numbers for the whole world.
On the other hand thousands of people dying every single minute around the world. What happens to their online wallet. We all know about the security of online wallet and can,t access that account easily and who knows those wallet's strong password, back up keys, 2-factor verification and security question after they died.

How is it wasting? People can do what they want with their money, burn their private keys, lose them and stuff like that. It's not wasting, it's literally not moving in anywhere then. Who cares? It just rises the value when it's not a sell pressure. The fact that it has a max supply is the only thing that matters.

[Fattkidd 1852]

On 12/23/2019 at 11:12 AM, rjroshan said:

Always problems are coming and going this happening like a circle in our life. I'm thinking about BTC wasting all over the world. Bitcoin is very valuable to commercial society for many reasons. What we can do stop bitcoin wasting ...

Imagine most of the time our bitcoin wallet remains 0 - 20,000 Satoshi and we cant used them to withdraw because of minimum threshold. For example, let's get 1000,000 accounts which only 1,000 satoshis left their accounts. 
Total wasting BTC amount is 1000,000*1000= 10 BTC
This wasting amount of bitcoin more than those numbers for the whole world.
On the other hand thousands of people dying every single minute around the world. What happens to their online wallet. We all know about the security of online wallet and can,t access that account easily and who knows those wallet's strong password, back up keys, 2-factor verification and security question after they died.

Wow I never thought of that before this is really good post wasting Bitcoin is really sad but there no way to earn them ? Or the wallet keeps all the bitcoins until the owner dies.

[bean 515]

I don't consider that Bitcoin is being wasted around the world, the spread of Bitcoin around the world is good for Bitcoin, cause it increases adoption of the coin.

[Ali_hmwi 966]

with my low amount i always see it really hard and harsh on me to withdraw fast always i need more to do that.

Damn they need to make the fees less than this for the little amount.

All the best guys.

[Sumayya 493]

40 minutes ago, Utsha said:

Actually there are many websites available here for investment. For this reason you must be need to find real site. If you invest fake site then you can loss your btc

Investing wrongfully gives abad investment back with lose if profit

[Ankit Nepal 719]

On 12/23/2019 at 8:57 AM, rjroshan said:

Always problems are coming and going this happening like a circle in our life. I'm thinking about BTC wasting all over the world. Bitcoin is very valuable to commercial society for many reasons. What we can do stop bitcoin wasting ...

Imagine most of the time our bitcoin wallet remains 0 - 20,000 Satoshi and we cant used them to withdraw because of minimum threshold. For example, let's get 1000,000 accounts which only 1,000 satoshis left their accounts. 
Total wasting BTC amount is 1000,000*1000= 10 BTC
This wasting amount of bitcoin more than those numbers for the whole world.
On the other hand thousands of people dying every single minute around the world. What happens to their online wallet. We all know about the security of online wallet and can,t access that account easily and who knows those wallet's strong password, back up keys, 2-factor verification and security question after they died.

Bitcoin is valuable so it is responsible for us to protect and stop wasting it. We should have only use minimum required bitcoin from our account. Also we should have a good security to protect our crypto. Moreover every user should be wise and protect their bitcoin.

[ayatoslaw 858]

the analysis you make must be a problem that is solved in my opinion, especially for bitcoin developers, because there are indeed a lot of wallets that have been left by the owner, whether it's the owner has died or the owner lost the private key,
maybe it would be better if the developer can withdraw the existing bitcoin in the wallet that has not had transactions in the last few years, it is intended that the supply of bitcoin with which has been mined is appropriate.

[Sungoku 13]

How many years will you wait?
Bitcoin has been here since 2009, and nearly 10 years of bitcoin is alive, if you wait another 10 years it will take a long time, my advice is better for you to trade

[Darkelf11 262]

On 12/23/2019 at 11:12 AM, rjroshan said:

Always problems are coming and going this happening like a circle in our life. I'm thinking about BTC wasting all over the world. Bitcoin is very valuable to commercial society for many reasons. What we can do stop bitcoin wasting ...

Imagine most of the time our bitcoin wallet remains 0 - 20,000 Satoshi and we cant used them to withdraw because of minimum threshold. For example, let's get 1000,000 accounts which only 1,000 satoshis left their accounts. 
Total wasting BTC amount is 1000,000*1000= 10 BTC
This wasting amount of bitcoin more than those numbers for the whole world.
On the other hand thousands of people dying every single minute around the world. What happens to their online wallet. We all know about the security of online wallet and can,t access that account easily and who knows those wallet's strong password, back up keys, 2-factor verification and security question after they died.

I agree with you. But I think this could not be easily done because there are too many people that are doing it. And we cannot inform them easily about this issue. And we cannot make them all withdraw their remaining balances to avoid wasting bitcoin. 

[rajonmia 181]

On 12/23/2019 at 1:41 PM, PiroSense said:

Online wallets are easier to recover, since they only rely on passwords and not on private keys (which is impossible to crack). For example, an online wallet in an exchange is used to trade cryptocurrencies without the need to know or store the address's private key. This means that the private key is still in safe place in the exchange's database. The relative of the owner could request an account ownership once the death has been proven.

 

Only few percentage of those people actually hold cryptocurrencies. In fact, in America alone, only 8% of the people actually hold cryptocurrencies.

Their are various things for holding Bitcoin like some people invest for long and someone hold coin for short time. Buying, selling and holding it just for a natural things.

[Heroshema 0]

The wasted bitcoin is more than the mined .. because the less knowlage about how to protect the money

[Honny143 13612]

Yes botcoin transaction fees high to compare other coins transaction so use other altcoins exchange bitcoin in altcoins to avoid this transaction fees you earn 100k satoshis and pay fees 20k satoshis for withdrewl bitcoin this is wasting btc so reduce the fees

[MCSGlegend 2210]

This is inevitable, the more popular the currency becomes, the more its number of permanently lost coins continues to increase.

[Yanadia 1517]

That's absolutely right, but don't worry, Bitcoin is very valuable and what we think is wasted will be that there are reliable programmers thinking about how to get it back.  Tehnolovi is growing and something valuable will become a struggle.  Miners will always develop their knowledge there is a problem there must be a solution.

[hassanmnr 114]

Bitcoin miners are turning very bullish on the cryptocurrency’s price
people And the reason why they want to accumulate as much as bitcoins as they can is