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At the time of writing, there are currently Sadly, it's been found that roughly 3. This figure is quite simply unfathomable. Most bitcoins have been lost as a result of being stored offline on external disk drives and other storage devices. And as it turns out, some of the stories resulting from lost bitcoins are a mix of hilarious, sad and just plain odd.
There's the story of the Game Developer in Melbourne who mined bitcoins in early on his PC back when you could actually mine coins on a normal PC. The poor guy mined thousands of coins, but found that he was running out of storage space on his computer so transferred the coins onto a cheap USB stick. And now he is too scared to tell his wife about how wealthy they could have been.
This journalist stored them on an old clunky external hard disk that had an annoying ticking noise. After a few years, and when moving house, he threw the hard disk out with a load of other old tech junk.
Weirdly, the guy doesn't seem too upset about his loss. I guess he's had plenty of time to reflect on his poor decision making and is comfortable with his current situation. There are plenty of other stories of people losing their Bitcoins or giving them away when they were worth virtually nothing.
Just to make things even more interesting, there are approximately 5 million Bitcoins that aren't being actively traded these are weirdly referred to by some as zombie Bitcoins. These are Bitcoins that haven't been in circulation for at least 18 months or when the Bitcoin price was incredibly low compared to current values. So, the moral of the story is quite simply to avoid giving away or disregarding something that, while it may be low in value now, could very well appreciate in value to levels that we've never seen before.
We live in incredibly exciting times and our financial institutions are changing right before our eyes. What we view as worthless today, could be worth millions in the very near future. The OriginalWorks bot has determined this post by mazzle to be original material and upvoted 1. To call OriginalWorks , simply reply to any post with originalworks or! Never underestimate the crypto market! It's brings new surprises every day. Upvote -- Follow mazzle -- Resteem.
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