Bitcoin is limited to 21 million and some people already lost their digital wallet's passwords, losing access to them forever. Considering this will keep happening in the future, how come this doesn't affect Bitcoin as a whole if the supply is limited?

It's a great investment due to past performance but that's not indicative of future performance.. however, bitcoin does have value as "chips" in the casino that is crypto currency these days.

In that sense, it is a blue chip. It is stable, established, secure, limited in supply, very liquid and has a high trading volume.

The last part is the most important. Imagine wanting to move or sell 200 million LTC, it would probably take a few days or more. But there's a big enough market and enough deep pockets in the BTC game that you can do that in a day. Now, add in the fact that the biggest holders of BTC are hoarding and holding, that adds to price stability and this is why BTC is called digital gold.

/r/NoStupidQuestions Thread Parent