What kind of experience does it take to lose 7,500 Bitcoins?

The protagonist-James Howells


The 32-year-old IT worker James Howells recently became a full-time cryptocurrency investor. In an interview, he disclosed that he had lost more than $60 million in bitcoin in 2009 and he has not recovered the money until now.
In 2009, when bitcoin was born, the currency was less than US$1 at the time. Since there were few people involved in mining, the overall computing power was also very low. At that time, Howells used ordinary video card mining equipment to uncover more than 7,500 bitcoins in one week. By 2013, when the bitcoin price exceeded $100, Howells began rummaging through the U disk with 7,500 bitcoin private keys. Later he thought about it and thought that the U disk was empty and threw it away.
Bitcoin is a unique digital asset because it forces users to take responsibility for their own assets, while eliminating the possibility of central organization or third-party service providers acquiring user funds. The disadvantage of bitcoin is that once users lose their wallet's private key, they will not be able to get back their funds, regardless of their size. Many people have similar experiences with Howells. Therefore, a large number of bitcoins are completely lost in this irreproducible blockchain network.
According to a chainalysis survey conducted by the blockchain data company, the number of lost bitcoins has reached 3.79 million, and these coins can never be recovered. The 3.79 million is 18% of the total 21 million bitcoin supply. Given that the price of bitcoin is determined by the market value and its liquidity, when 21 million bitcoins are fully excavated, the actual price of Bitcoin should be 18% higher than the actual price.

The price of cryptocurrency has always been the focus of people's attention. Let us look at the price information of some coins.

Bitcoin (BTC)

In the past week, the performance of the entire cryptocurrency market has been disappointing. The Bitcoin price was US$7,127.62, the 24-hour price dropped by 3.39%, and the price dropped by 14.83% in seven days. The market cap is approximately US$120 billion and the 24-hour volume is approximately US$5 billion.

Vechain (VEN)

Vechain is a very promising blockchain project. It is expected that the vechain mainnet will go live on June 30. The price of Vechain was US$3.07, the price dropped by 12.59% in 24 hours and the price dropped by 30.04% in 7 days. The market cap is approximately US$1.6 billion, and the 24-hour volume is approximately US$59 million.

Tron (TRX)

Tron's marketing events for Ethereum have attracted countless attention to tron. After the mainnet line on May 31, Tron will usher in a real test. If the main online line reaches its intended goal, price increases are inevitable. The Tron price was $0.058, the 24-hour price dropped by 16.48%, and the price dropped by 27.36% in 7 days. The market cap is about 3.8 billion U.S. dollars and the 24-hour volume is about 510 million U.S. dollars.

Bitcoin gold (BTG)

Bitcoin gold suffered a double flower attack not long ago and suffered heavy losses. People do not know whether BTG will suffer double-flower attacks again. Bitcoin gold is priced at $40.76. The 24-hour price is down by 8.21%, and the price in 7 days is down by 23.53%. The market cap is about 690 million U.S. dollars, and the 24-hour volume is about 11 million U.S. dollars.

Decred (DCR)

Decred is an independent digital currency, and decentralized governance makes Decred one of the most open and advanced cryptocurrencies.
The Decred price was 86.73 USD, the 24-hour price dropped by 3.07%, and the price dropped by 24.27% in 7 days. The market cap is about 610 million U.S. dollars, and the 24-hour volume is about 5 million U.S. dollars.

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