Bitcoin Forum

What are the chances of bitcoin going extinct?

zero

The chance that bitcoin will extinction is small. But why bothering about this? What is most certain is all-time-high.

I will not agree with this because life itself can extinct.

There are a lot of chances that could make a thing go into extinction and to some extent Bitcoin also can take place and at some point also we have to make such understandable and settled statements because, to a great extent, bitcoin is a much more stable asset and haven't existed for over a decade, it becomes obviously clear that Bitcoin any likely never reach that level of down level to the point of becoming extinct.


Bitcoin is here to stay and at that, we should get used to it and stop discussing its possible outcome at any point in time.

The longer it stays relevant the less chance it has of going extinct. Especially since we got etfs now and people are putting BTC into their long term retirement portfolio.

What will go extinct are many altcoins however. Many altcoins typically go -90% and then lose another -90% and become irrelevant and extinct. Then usually the exchange delists then coin and eventually all nodes stop and the alt coin is gone completely. Won’t happen to Bitcoin.

At least you should provide more statements on your topic. I understand your account seems to be new, but you never go anywhere if you don't put effort into your topics. Anyway, what are the chances of bitcoin going extinct? We never know until all the bitcoin is available to be mined; we will never know what will happen next in bitcoin, but as long as the maximum bitcoin to be mined is still not reached, then bitcoin will keep its place and its price, as many more investors are coming and investing in bitcoin, if that's what you mean about bitcoin being instinctive. Many people have wondered how long bitcoin will last, but in reality, we don't have a concrete answer to that; only time can tell what will happen. But as long as bitcoin is there, the important thing is that you maximise its potential for your own benefit. Instead of worrying about bitcoins dimming, why not invest in it?

Bitcoin going into extinction is just same case as the world coming to an end that means everything has its times and will last as man lasts. But if you’re looking at it at the perspective of maybe people dumping it and other cryptocurrency can emerge thereby sending into extinction I will say know. Currently it doesn’t look like that it will go into extinction just yet because even you look at the time remaining to mine the rest bitcoin that date is way too far and we all know after then many people will still hold on to it bitcoin because it will grow in value.

The ruling class would need to shut down the internet, otherwise Bitcoin will be around for a very long time. Oh wait, there is at least one old thread where early members discuss "bouncing signals off of satellites" to keep the BTC network alive, even if the internet is destroyed, so we still have hope even then.

For the time being, I believe there is less chance that bitcoin will go extinct because it is already widely known and has a strong, globally distributed network of nodes, as well as miners and users. I think this strengthens its position and makes it difficult for any new cryptocurrency to surpass its level of adoption.As a long-term asset, bitcoin is less likely to become extinct since, in my opinion, it has developed into a widely accepted store of value and the perception of scarcity.
Although it may not completely disappear in our lifetime, we will never be able to predict how bitcoin will fare in the future because people grow tired easily. Therefore, I suppose it really depends on the circumstances facing our future generation.

Satoshi was not human, many of us know he was actually here from a distant world. If his people return, what are the chances they will be able to shut down Bitcoin?   :D
Serously, no chance Bitcoin is built to last and will not be going away, thank you.

This question gets asked quite often, so maybe use the search function to read the past discussions.

Satoshi himself said that in 20 years either there will be a lot of transactions or very few, so he considered the possibility of Bitcoin failing.

I think it's not likely that Bitcoin can completely die, because all it takes for Bitcoin to exist is just a few or even one computer running the software like it was in early day. But I would say losing 99.999% users is the same as being dead, and we can't exclude that possibility. Right now Bitcoin is relatively popular because the price goes up all the time - what would happen if it was going down instead?

As long as there are altcoins that trying to compete with Bitcoin, people will not leave the crypto and Bitcoin extinction will remain in the future.
The decentralized nature of blockchain technology of this Bitcoin was designed to enhance security which is a good asset of Bitcoin that people will not leave and the plus factor is the valuable asset that you can store value of it.

I don't even think this nonsense.
You're not truly a crypto enthusiast if you have this in your mind.

We see many altcoins come and go, this has been happening for a very long time and it will continue to happen, the difference between BTC and these altcoins that go extinct is that BTC is useful, it has a utility; a reason why people use it and want to buy it. BTC would only go extinct if people no longer need it, that is if it becomes useless, and the chances of that happening is very slim.

I don't think people would ever stop needing a censorship resistant and decentralized currency, a hedge against inflation in fiat and other currencies, an investment option, p2p electronic cash, store of value, etc.

Maybe only if a meteor falls and all human life ends, but other than that I don't see any possibility of bitcoin becoming extinct, as long as there is a single person running the software, bitcoin will be alive.

yes, if we don't have electricity anymore, BTC will go extinct

Definitely not zero. As the user above me mentioned, Bitcoin could go extinct if we don't have electricity. It could also go extinct if the internet dies. All these are hard to happen though.

What's more probable is that Bitcoin might lose relevance in the far future. Times are always changing. Things are always improving. And it is quite impossible to imagine that Bitcoin will remain relevant for as long as humanity exists. Bitcoin is not perfect to begin with. Something better might come out in the next centuries.

There was this word from satoshi that we used to see on the banners that after 20-30 years, there could be huge transactions or none. While as of now, it's totally zero chance that Bitcoin is going to become extinct and it's here to stay.

With that statement from the creator himself just assures that anything can possibly happen. But looking on the situation, we'd definitely not going to see it any time soon that it will be gone.

Maybe in the nearest future, the interest might just be stable and not that be much anymore because of how things could change like having not that much fluctuation anymore.

The possibility of bitcoin becoming extinct is very small, but this does not rule out the possibility that its price will not be as expensive as it is now in the future. What is behind bitcoin is not extinct and in my small analysis because the supply is limited and the value to maintain itself in the market is much more likely to happen compared to other coins. No one can generalize the process of Bitcoin's future journey, but people can make predictions for at least the next few years with the assumptions and realities that are happening in Bitcoin today.

I'm not thinking about Bitcoin going back to zero, but what I want to do is how I can exploit Bitcoin's potential as long as it can generate profits. Now and in the next few years I am still quite optimistic that bitcoin will be the only best coin in crypto and bitcoin will also be one of the most recommended investments by many people in the future.

There's always a chance, even the creator awares about that, so we will see the answer in the next 6 years. ;)

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Remember we're currently on he situation where the governments are trying to adopt Bitcoin, moreover most people don't aware with decentralization, this will make centralized exchanges, institutions and governments hold almost Bitcoins that already circulated.

It has been 15 years that Bitcoin has survived all competition and all negativity, but that does not mean that it won't become extinct in the future. Bitcoin can become extinct as nothing in the world is certain. As long as it stays relevant to the people it will not extinct and I do not think there isn't anything that can stop it from being relevant to the world. With more and more altcoins being launched which are nothing but an improved version of it, Bitcoin will face fierce competition. Till now it has squashed all its competition and survived. But the future is unpredictable and so anything can happen.

I feel the same way, the extinction is very small but it could happen, and I don't really care about that, because whatever happens I will follow it as long as it exists.

That's a very odd question because it's impossible to predict whether bitcoin remains dominant cryptocurrency, steps down or goes totally extinct. I would say that that's entirely possible one day, things come and go, things also improve. Since Bitcoin is agile, i.e. we can change the code, it gives us the flexibility to adapt new trends and meet new demands. If we remain progressive instead of being conservative, I think we will keep Bitcoin as a dominant currency but it's still not easy to predict the future of this currency because of the so ever-changing world. At the moment, it stays strong.

For the time being, I believe there is less chance that bitcoin will go extinct because it is already widely known and has a strong, globally distributed network of nodes, as well as miners and users. I think this strengthens its position and makes it difficult for any new cryptocurrency to surpass its level of adoption.As a long-term asset, bitcoin is less likely to become extinct since, in my opinion, it has developed into a widely accepted store of value and the perception of scarcity

Even while new technologies are developed periodically, it seems highly improbable that bitcoin would go extinct, especially given how quickly its adoption rate is increasing.

Is it possible for a new technology to be created in order to enhance bitcoin technology? Though I believe that since we live in a more evolved age and new innovations are made more frequently, there may be in the future, but bitcoin will not become extinct. When something loses value and is viewed as worthless by people, it becomes extinct, this will not happen to bitcoin. Instead, it will continue to grow in value and be beneficial to individuals. It has survived a lot of criticism and competition from the government and other new cryptocurrencies but i believe in bitcoin and i know it will stay relevant for a very long time.

It will be difficult for any new technology to entirely replace bitcoin and drive it extinct instead, they will coexist and complement one another.

Expressing certainties with things as this is something that I don't see Ideal so I wouldn't be giving a yes or no answer or your question because there are factors that has to be put into consideration before giving an answer in any of the two directions, going by the fact that it's an evolving technology it definitely doesn't look like it's any close to extinction soonest so untill then why not enjoy the limitless opportunities it brings and border less about it's extinction or how long it's further going to exist.

Buy if it ever happens there be a world void of technology then at that point Bitcoin may cease to exist or maybe if there come a better innovation or technology that could technically replace Bitcoin then I'm afraid the extinction may just set in, buy then I don't see that coming soon.

The reason is simple and makes sense

If no generation continues this technological sophistication, it is very likely that Bitcoin will become extinct and cannot be used by everyone. Apart from that, if someone says that Bitcoin will become extinct, of course when the person holding Bitcoin itself has ended his life, in other words he  had died and did not pass it on to anyone he trusted

I suppose you mean what are the chances that it may disappear as going extinct is something only a living organism can do.

But the chances of this are low, bitcoin due to its decentralized nature can survive any local disaster, whether it is man-made or caused by natural causes it does not matter, so in order for bitcoin to disappear not only you will need a disaster which has a world scale, but it also needs to affect all our technology based on electronics, and there are not many disasters which can do that, and if they were to happen I do not think we will have the time to worry about the disappearance of bitcoin.

You should already know that the future is hard to predict, and while there is a chance that Bitcoin will become established accepted and adopted there's also the chance that it becomes replaced by another technology that we are yet to know or just become extinct, anything can happen. But you probably should not be worried about this because you may not be alive to witness the extinction of Bitcoin even if it happens because it will not happen in the next 10 years unless the government finds a way to actually shut it down.

I think "extinct" is the wrong word, like the last animal of a certain type is finally killed. I would suggest "going out of fashion".

Here it depends on the time scale you are looking at. I can imagine maybe in 50 years if you mention Bitcoin, some old geizer will say : "Oh Yeah, I remember Bitcoin, in my youth I made a lot of money with Bitcoin. But then XYZ came up, and now there are only a couple guys who keep Bitcoin going as a kind of hobby".

Or maybe in 50 years Bitcoin is bigger than ever,,,,, Who knows....

Bitcoin going extinct would mean that people stop valuing useful and scarce things. Doesn't seem very likely.


Otherwise it would mean that something so much better than Bitcoin gets invented that it completely outcompetes Bitcoin despite Bitcoin having a HUGE advantage from coming first and having a global scale network effect already. This is of course more likely, but still very very low chance.



Since Bitcoin is valued (among other things) for its hard money properties, which leads to it increasing in value over time, the most viable way something like this could happen is if it became really hard to acquire bitcoin, and therefore it stopped being such a great place to save money with, and therefore fewer and fewer new people got into bitcoin, all these things making the price stop going up for the most part. But, I think we can say with quite strong certainty that Bitcoin is not going to start getting harder to own but rather will continue to get easier to own and use. Case in point, now the USA has Bitcoin ETFs so the largest economy in the world is no longer limited to getting access (at least as an investment) to Bitcoin through crypto exchanges. The ways to own or get access to Bitcoin, and the ways to use it, will continue to increase as Bitcoin continues to grow into a major monetary asset. And so new people will continue to flock to it, and it's price will continue going up, and so growth will continue, and thus, it won't go extinct.

Another option would be that Bitcoin ruins its reputation so badly, that people no longer want to touch it.  I have no example at the moment, but given the social media crazyness, maybe someone comes up with a convincing fake news story or so..... and after that Bitcoin never recovers....

OK, I gave it some thought:  Lets assume there are terror attacks and also porn websites with nasty illegal content which involved the use of Bitcoins. Now mainstream media starts talking about "Terror coins" or "Pedo coins" for weeks on end. Finally the government decides that Bitcoin holdings without proper KYC can be confiscted by the goverment. And Bitcoin holder face a minimum 1 year sentence if any of the Bitcoins in their possession is even slightly linked to any crime.

Not sure if Bitcoin would survise such a scenario......

The only way it would happen is if use drops off to a point where it no longer makes sense to continue running the network. It has happened to countless shitcoin blockchains in the past. But when it comes to BTC, I can only see it happening under a few different circumstances (short of WW3 destroying all communications & knocking out power grids on a global scale):

- an exploit of elliptic curve cryptography renders anybody's coins steal-able
- a backdoor in SHA-256 allows the NSA to basically rug the entire network
- quantum computers are used to brute force private keys

Any of these things can be fixed in future versions of Bitcoin. That is what's great about it: it can continue evolving and is not necessarily fixed in one particular form.

It can be said that the probability of Bitcoin becoming extinct is almost zero with what has happened recently with Bitcoin such as the approval of the entire world through the Bitcoin ETF, and with each passing year, the strength of Bitcoin's network increases, making it extremely difficult to take control or destroy it from any organization. However, I will also point out a few factors that could lead to Bitcoin becoming extinct:
1. Technological Obsolescence
2. Regulatory Challenges
3. Security Vulnerabilities
4. Market Adoption
5. Competition (Example: Ethereum)

The OP should talk about the causes and consequences of why Bitcoin could become extinct, not ask about possibilities that are difficult for us to determine. Technology will continue to be replaced as time goes by and so will the bitcoin journey process. But if you look at the aspects that make Bitcoin extinct, it is very unlikely, apart from this asset having a limited supply and Bitcoin cannot be in control by anyone. The value of Bitcoin's resilience in defending itself in the market has also been proven enough, where when Covid occurred we saw that Bitcoin was still quite strong.

For me never thought that bitcoin would become extinct because it is not a burden when we have made a profit, but rather how we need to think about collecting bitcoin now so that we can make a profit. The process of going extinct or not is not a big consideration because assets with high value, limited supply and which cannot be controlled by anyone can last much longer.

I would say there is no zero probability but pretty close to 0 if we are talking about the near future. However, if we are talking about 100 years from now, I am not so sure, and the further we go back in time, the less sure I am. I think it is unlikely, as it would mean not valuing a scarce commodity, as has been said, and very difficult to censor, but in the future we cannot know if other alternatives will emerge, what effects the policies implemented will have, and so on.

If the OP is someone who is thinking of buying now to hold for 4 or 5 years, don't worry.

One may not think about extinction until all his coins have been mined. And that's not going to happen anytime soon. There will be something new and unique.

Why? It may happen that for some reason all the coins will be banally lost. Is it impossible to consider such a potential scenario? Yes. Plus, technology is advancing so quickly that I wouldn't be surprised by the time crypto becomes an unnecessary tool in everyday life as well.

It's definitely not zero, but it's very, very close to it op. The only feasible way for it to actually happen is if all investors dump their stash or if they lose access to the internet completely whose chances are obviously extremely small.

The chances of humans becoming extinct is actually higher in comparison if you properly think about it.

This is not a topic I'll love discussing, we're all here for the advancement of the bitcoin crypto currency and the more its adoption is increasing, the less chance it loses prominence, not to talk about going extinct.

Let's promote it and worry less of the possibilities of going extinct. Bitcoin had existed for some time now, and its value keeps increasing over time. Doesn't that send some good feelings to your mind. Bitcoin has a very strong foundation of both being a valuable asset and a means of transaction. So I strongly believe that it will outlive all of us.

Maybe he don't have any reason to talk about in mind and just post about something simple which is possible to happen since as we can obviously see there's nothing permanent in the world and what we think famous now maybe out in the business later on that's why bitcoin need a lot of boost especially on legal side like make it a legal tender so the chance of being extinct will be less. But since that one didn't happen yet maybe the one we can discuss is all about speculative possibilities since we are not sure or accurate on the words we are releasing.

There are so many things happen in the world just like covid thing and the crisis but so far bitcoin stand strong so I believe that if there's still many people support bitcoin this will never go in negtaive way just like what new people think about this possibilities.

In my opinion, it could become extinct if there are no transactions for Bitcoin itself, but for now we still don't know when it will become zero, but in the near future I don't think it will happen.

There are a number of reasons why this is impossible .  Firstly, Bitcoin offers a decentralized system, which means it's not controlled by any central authority. This gives people more control over their own money. Additionally, Bitcoin provides security through cryptography, making it difficult to hack or counterfeit. It also offers privacy, as transactions are pseudonymous. Lastly, the limited supply of Bitcoin creates scarcity, which can drive up its value. It has a strong network and widespread adoption, which helps ensure its survival. Plus, its decentralized nature makes it resilient to external factors.
These factors have contributed to Bitcoin's success and popularity.

If the demand for bitcoin continues, we won’t see any chances bitcoin going extinct. I believe that’s mostly applicable for some shitcoins and altcoins in the market that have no potentials to increase their price. When all the crypto traders and investors chose to ignore them, then it’s highly possible that we will see them getting extinct in the long run.

But not with bitcoin that is highly profitable and most in demand crypto investment these days. However, this is only on how we see bitcoin these days but maybe in the future it’s still possible to go extinct.

Take the experiment and actual situation in the past on how many people thought that Bitcoin was going to be dead. It has been dead based on https://99bitcoins.com/bitcoin-obituaries/ for 475 times. And will be dead again based on their FUD that will be spread during the next bull and bear cycle. What does it mean? It's here to stay and it won't be extinct, maybe after our lifetime it will be but are we going to witness that? Likely a big no.

The only constant thing in the world is change and we all know that technology is ever-changing. As humans, it is in our nature to evolve and make things even better than what we already have. All things will soon come to an end as a new era of innovation will surface. There is a chance that bitcoin and so is any cryptocurrency to go extinct but not so soon.

Maybe in 100 years, bitcoin will be nothing but history. One thing is for certain, however, bitcoin’s presence will always be known. It has opened new opportunities in the economic section as well as technological advancement. I am sure that the new generation will be studying bitcoin and will be making it their standard of what should become of their future.

We should be grateful that we are now living on the same timeline wherein we could use bitcoin.

For now, I don’t think it’s going to happen. Bitcoin is still at its peak of being the most secured investment in the crypto market, so the chances to become extinct is still very low and uncertain. However, if one day bitcoin will be replace with another highly potential crypto that has bigger advantage than bitcoin, then most likely we will come to see bitcoin becoming extinct. But that is still too far to happen as we are still excited to see the improvements of bitcoin that will make it more developed and more reliable source of investment.

It is hard to predict the future, but it is also hard to predict that something better than BTC would be created and make it lose its demand, that is one way people can stop using the coin and it becomes extinct. If in some years to come there is a better alternative that offers what BTC offers and even more, the we can say it would affect BTC's growth and development and people will choose that alternative to BTC. However, it is worth mentioning that the chances of that happening is very slim.

Seeing how people these days have become very eager to buy and hold bitcoin, that’s far from getting extinct. We can only tell that bitcoin is going to be extinct if people have lost their willingness and interest to invest in bitcoin because they all end up losing their hard-earned money. But we all know it’s not the case with bitcoin. In fact, a lot have experienced life’s big changes with bitcoin because they use and take advantage of bitcoin opportunities despite of the higher risk that it brings along.

However, I’m not also closing doors if ever bitcoin will become extinct in the future. Change is inevitable, and if that changes will create better possibilities and chances for the people even if it means replacing bitcoin, then I still think that will be reasonable and valid to happen as well.

Bitcoin extinction scenario would occur if unsustainable energy use, strict government regulation, or even the emergence of new, superior technology. Changes can occur quickly/drastically, of course Bitcoin is no exception and the world of Cryptocurrency is very dynamic. Bitcoin has survived and thrived for more than a decade and investors still have faith in Bitcoin will have a bright future, all of the above scenarios are very unlikely to occur due to the increasingly widespread acceptance of Bitcoin.

Bitcoin demise could shake investor confidence in Cryptocurrencies as a whole and would leave negative effects on crypto assets and the global economy. If you look at the history of Bitcoin since it was first created in 2008 until today, it is still safe, even though the price fell in 2018, investor interest in Bitcoin continues to increase and it is estimated that the price will continue to soar as its adoption becomes more widespread. So it is possible that Bitcoin will continue to develop in the future.

Your totally correct, the extinct is zero for now such occurance may be under probabilities ,if an only if it happens there is not transaction. Though there are many competitors but in as much bitcoin stand to be number one, they keep improving in their standard I don't think such will have any room.

Extinct might be the wrong word.... because that word is used more when it comes to animals.

Bitcoin might become unpopular or it might be replaced with a better technology, but the blockchain will still run on someones computer. (Just look at retro console and arcade games that are still availlable after all of these years)

It can also fail, if someone finds a way to exploit the code or to crack the encryption.  

Bitcoin has been created to a point of no return, because is a global digital assets usage in which no the price is keep increasing from one stage to another as long the other stock market and internet keep functioning and Bitcoin keep existing and community keep increasing across the globe.

IMO, the only way this can be possible is if the government shutdowns the Internet. Right from when Bitcoin started gaining recognition, the government has perceived it as a threat to traditional banking, so they've been doing everything possible to kill it. They've come at it with various sponsored political propaganda which turns to be futile. Now they've created their own clone Bitcoin (spot ETF) to compete with it. As long as Bitcoin keeps serving it purpose, it's going to be here for a long time.

If the people in government have a couple of braincells, they will have their secret service set up mixer and exchanges and the like for Bitcoins and promote it on the dark web " NO LOGS Guarranteed", and start logging logging logging......

:)

For you to say biticoin will go on extinction it's like saying money will go on extinction. Note that bitcoin is an alternative to fiat. It is a decentralised digital currency accepted globally as a store of value or medium of exchange. Don't be threaten that one day you will wake and bitcoin is no more meaning that you have loosed all your wealth. Bitcoin has done more of good as people make payment with their coin. It is safer and secured without the control of any third party like the fiat where government prints and control demand and supply of the minted money. There is no limit as to the amount of coin one can own or use at any given time.
If only exchange will ends, fiat will end so also to bitcoin. Fear not bitcoin is the best cryptocurrency no other crypto can oppress.

Precisely because bitcoin cannot be controlled, it is more likely to survive for a long period of time compared to products that have authority control and indeed no one knows for sure what bitcoin will be like in the future. But if you look at the amount of supply, it can keep him going because there isn't too much of it. I would like to hear the reasons why bitcoin could become extinct, but based on economic formulations because it is speculatively it doesn't provide a picture because things related to speculation don't have an impact as far as it goes.

Another reason we can see is that when Covid cases, natural disasters and wars occur, Bitcoin remains one of the reliable cryptocurrencies that can defend itself. This is not something that was born by chance but rather has something to do with the process of adopting bitcoin in people's beliefs and bitcoin has reached the stage of independent financial freedom for many people.

That could be one contributes for its extinction but its impossible to happen since internet is so useful to all of us. But if this became a threat to financial system and government will tag or describe it as illegal currency which is used by criminals on their financial crimes then this could stir up everything and might we see bitcoin extinct for that reason since for sure powerful countries can influence other one so provably this thinking could possibly happen. But since the marketcap of bitcoin is huge so I think that one could change the mind of those officials and maybe they will look at other side and see how useful bitcoin on investment matter also for profitability if they take advantage of current condition of this coin.

Can you elaborate on extinct though, you could probably meant no more bitcoins to mine which the answer would be yes, bitcoin could go extinct in a way where miners don't have any bitcoins to mine or you could be talking about bitcoin burning but that's impossible because bitcoin has value and there's not a lot of people that are invested into bitcoin that's willing to part with their bitcoin just for the bitcoin to be burned, although it does help with the pumping in price because there's less and less bitcoin in circulation, you can't really make everyone burn their bitcoin. Another definition of bitcoin extinction that I can think of is probably from the fact that it's life is tied to how long is the survival of the humans in this planet, if we are gone then there's no one that will ever utilize bitcoin because with no one maintaining the power, everything that relies on it including bitcoin will eventually fade out so yes, there's a chance that bitcoin can go extinct but don't worry too much about it because humanity is so obsessed with survival so I don't think that we'll ever see ourselves going extinct, maybe it's not even in our lifetime.

Yep, OP should really do this, his question is way too vague and can get a lot of answers, most probably not what he would expect.


Pretty much 100%
There are chances it will be superseded by something better - sooner or later
There are chances Bitcoin is not suitable if humans really conquer outer space
There are chances human race will go extinct and then the internet will go down, or electricity will go down, ..
Many other scenarios I didn't think of or I just don't care to ellaborate.

As said, state more clearly what you want... although, seeing that you just post one-liner questions, I expect that this won't happen because
* either you are a bot
* either you are a spammer in order to offer questions for a sig spammer to increase his quota
* either... both
As always, I hope that I am wrong and you're just unexperienced. Time will tell.

The way I understand it (and I double-checked in some dictionaries), the term 'extinction' is used when talking about a group of beings (a species, for instance) that is dying and may stop existing. Bitcoin isn't alive, and Bitcoin isn't a type, species or anything like that, so it cannot go extinct by definition.
If you are referring to Bitcoin no longer being around, I suppose it can happen if the Internet collapses and human civilization experiences a major technological downfall. Or, alternatively, Bitcoin can potentially be rendered useless (although probably not non-existent) by technological advances in something like quantum computing.
However, if we're talking about the foreseeable future, I agree with others who say that it's highly unlikely that Bitcoin will stop existing.

yeah. Nothing lasts forever, but even though we want what we like to continue existing forever, which I believe is not possible, even for bitcoin itself, one day it will no longer be in existence. It is just a matter of time. However, it is just like a man who will never exist again, so I wonder what comes to your mind and asks this question. So for bitcoin, now I don't really know what to say about its future because it is still the same thing you said: it is not easy to predict the future of bitcoin. We are still battling to predict its future price, so you can see that predicting whether it will continue to stay till the decade or not is not going to be something easy.

The possibility of Bitcoin becoming extinct, of course there are several factors such as the internet in the world being completely dead and that is the only cause of Bitcoin becoming extinct. The world is experiencing a third war that uses nuclear weapons where all the access we use today goes back to the stone age. But of course this doesn't happen all at once, there are stages that need to be gone through. Do we expect that to happen? Of course not and hopefully that never happens.

The chances are very low I would say. Bitcoins cannot go extinct. The reason is that, Bitcoins are limited in numbers and are very popular I would say. So once the demand to acquire the coins goes down, people will keep on buying it. As people will buy it, hence the demand will go up again. It is a go to process I would say. Hence Bitcoins won’t go down any how. Hence, the coin can never go extinct.

Of course when the internet is gone, probably the usage of bitcoins will stop because there are only a few people who can trade it offline and it is still complicated for a simple person who barely uses his computer. therefore, we will go back to the traditional way of trading which is gold and silver just like in the old times and when the internet won't be back again then eventually the next generation of human civilization will forget about Bitcoin until it becomes extinct and no longer usable.

The probability for Bitcoin going extinct = 1 - p(BTC not going extinct).

Without going through this thread I expect that most of the answers will be something like "it is impossible to predict that" or "nobody knows". I think the truest of the answers would be to say that it is not zero and this has many reasons.


This is one aspect that is indeed true because when we think about events that could make BTC become extinct, there is a good chance that many other important things become extinct or are at threat. As soon as we have a technology that can derive private keys from public keys, the set of problems humanity would then be facing is much bigger than BTC going to zero.

The total market capitalization is a good indicator of the trust that people and institutions around the world put into BTC. The whole infrastructure that has been built and the investments that went into that infrastructure, the political endeavors in regards to ETFs and other investment products and many other things that are related to BTC are all positive signs that BTC won't suddenly disappear anytime soon.

But nobody knows whether the wheel will be around forever if there soon might be some other tool to move stuff from A to B, like vehicles based on magnetism and what not.

Since BTC is deflationary, there is a strong incentive for BTC network stakeholders to not jump ship. That's fundamentally different from FIAT currencies like the USD. BTC won't become inflationary where the USD already is. For the time being I think it is quite safe to assume that BTC will be around for quite a while ;)

As you can see now, it is almost difficult to return to the lowest point if we remember the number of users who continue to increase and believe in Bitcoin. But each of us also needs to understand that at a certain time the influence of several other things can also cause a decline in prices, even if only for a very small duration and percentage.

So even though Bitcoin has become a very global crypto asset and is also very good for everyone if they want to use it for investment, everyone still has to understand the risks so they are not too surprised when the price drops suddenly. Because Bitcoin is an unstable asset, this means that everyone can expect better profits when prices increase in the market.

Sure, with only 21 million out there, Bitcoins are rare as a four-leaf clover.  But just cause something's scarce don't automatically make folks wanna buy it and  demand's a tricky thing, ya know? You say demand will always bounce back but trends change.  Just ask Blockbuster or Myspace - they used to rule the world! New gizmos come along and yesterdays hot item gets tossed in the garage sale pile.   

I ain't saying Bitcoin's just a fad.  But it ain't immune to losing its luster if something flashier comes along.  Peoples tastes evolve.  Heck, pogs and pet rocks used to be serious business! So while Bitcoin's special now, nothing stays golden forever.  We gotta stay open-minded, that's all I'm saying.

The idea of Bitcoin going extinct? Not so fast, bro. Don't be so quick to dismiss someone's opinion just because it differs from yours. The crypto world is vast, and a little skepticism never hurt anyone. Think of altcoins like spices in a hot pot. Each one brings its own unique flavor. Bitcoin may be the OG, but competition breeds innovation, just like students study harder when they have rivals. As for decentralization and security, Bitcoin is top-notch. But technology is constantly evolving, and who knows, another project might come along with something even better. Storing value in Bitcoin? Well, its price fluctuates like a roller coaster! Can it hold its value in the long run? Only time will tell.

There is always the possibility of Bitcoin becoming extinct and probably not going to exist anymore more like dead coins in the market, but as we can see in the market today it is probably not going to happen since cryptocurrency is just getting more popular as years pass, so it could probably say that it is going to last through the whole year. I mean the fact that Bitcoin could easily disappear, and the market could easily drop its value due to its volatile market price, is just what makes Bitcoin a very risky investment, we dont really know what could happen, after 5 years maybe Bitcoin is not going to exist any more war could easily start and we dont know how it is going to affect the market right.

Because of that just dont put all of your money or bet it on only on Bitcoin always make sure to have a plan B, and make sure to have a financial foundation first before even starting to put your money on risky investments like Bitcoin or cryptocurrency.

It's a very broad question, are you asking about some actual reasons that could lead to bitcoin's death in a normal world or in any possible scenario, even those that are quite unlikely to happen? Because let's say that there is a nuclear war or an asteroide hits earth and all the human race gets wiped out, well, in that case bitcoin would become extinct, just like us. Otherwise I'm not sure, I remember reading somewhere that bitcoin could keep going even without internet, I should look it up again because I don't recall the details but I had no idea it was even possible.

For the world's internet connection being cut off, yes, I agree with you, it can affect Bitcoin badly. But is that even possible? That is the question we should ask ourselves. In my opinion, if the internet connection of the world is cut off, then it means that there is no world again, it's probably that something has gone wrong totally which I do not think is possible unless for the rapture. Also, about the war, I do not think that Bitcoin will be dead because of the war, it will remain as it is blockchain technology we are talking about. It will just remain the way people left it, that's even if people will not turn to it because of the war. You know what? War of the olden days can't be like this one, and for war to be happening doesn't mean that the internet and gadgets will not be working.

Even if they are not working in all places, they will be working in some places, so people with an internet connection will still continue to transact with their Bitcoin. The only issue is that due to the war, some places will surely be affected, and due to this, the patronage of Bitcoin might be little. This might either cause less demand and more supply, or the other war round, we can't certainly know the right equation depending on the war and how it affects individuals and countries.

Above all, Bitcoin will continue to operate during war, that is what I am sure of as war will not shut out all domains and all the needed infrastructure altogether.

Zero until the earth exists and there is life in it and there is internet service available. Bitcoin might only go extinct if the whole world, every single person and entity, stop using Bitcoin all of a sudden, the markets stop because people stop buying and selling, and the blockchain stops because no transactions are being done. That is when Bitcoin might die, and what are the odds for that happening? In my point of view, none.This thing might happen in the distant future where there might be a better technology and something much better than Bitcoin is invented and people leave Bitcoin and start using that and Bitcoin dies off like a meme coin which doesn't get enough attention and eventually dies.

No it will not. If we do not have electricity anymore, we simply cannot transact or mine Bitcoin until we have our electricity back. Unless we never have electricity again, then that is a different matter. But lets be realistic, that is not going to happen.

Bitcoin cannot become extinct unless everyone in the world suddenly decides to drop Bitcoin. And even then I am sure there will be a few dedicated people still keeping things going.

The most realistic scenario is that an alien race visits us and gives us technology that makes money completely redundant. In that case, sure. Maybe.

   Bitcoin is for the people and can only go in extinction if we the people decide not to involve in Bitcoin anymore. No country or governmental body have authority over  the existence of Bitcoin. Because of the nature of this technology I believe that there is no reason for extinction.  I believe that we will see a global adoption. It will be like the internet. One obvious use will be as money. The paper money will get replaced. People will use crypto currencies as an exchange of value. See the hype about DeFi. Decentralized finance. Time to change the monetary system. I think the days of contemplating the relevance of crypto in our world is really past cos it’s literally the future with the meta verse in play and web3, NFTs.
   However, despite its volatility, Bitcoin has continued to gain popularity and mainstream acceptance over the past few years. More and more merchants are beginning to accept Bitcoin as a form of payment, and major financial institutions are starting to explore ways to incorporate crypto into their operations. One potential factor that could impact the future of crypto is the regulatory environment. Governments around the world are still grappling with how to regulate cryptocurrencies, and there is a lot of uncertainty around what the future holds in this regard. However, some countries like Japan have already taken steps to regulate the industry, which could provide a model for other countries to follow. In terms of market adoption, there are still many people who are skeptical of cryptocurrencies and view them as a risky investment. However, as more people become educated about the technology behind crypto and its potential applications, we may see increased adoption rates.

The same chances of internet, electronic devices, electricity and an apocalyptic meteor hitting the Earth. That is, the only chance of Bitcoin going extinct is through preventing people to have access to it definitively. These scenarios look really unlikely, but not impossible, anyway, as we are under constant threats of wars, pandemics, crisis, shortages and natural disasters. Some of those events can trigger the extinction of Bitcoin, or make money and assets worthless for humans' survival, so people would completely lose interest for Bitcoin to focus in more immediate things related to their existence.

Bitcoin remains important while people have long term goals focused on thriving and improving their lives. But once such long term goals cease existing due to external factors like the ones mentioned above, Bitcoin loses its importance as well, as most of every other goods we appreaciate so much in our capitalist daily life. Moreover, once a new technology arrives and replaces Bitcoin, it will get naturally extinct. However, something like this to happen will take a long time yet...

Why do you have this mindset. Is it because you don't owe no bitcoin? There could be some bitcoin that might not be accessible due to inaccessibility to private keys, forgotten private keys, see d phrase mismatch and loss of paper wallets but that does not mean bitcoin will go to extinction.

It doesn't even make sense to think this low, it means you have not been paying attention to what has been happening around Bitcoin. Take for for instance today, ETF Bitcoin has cross a milestone of $10b, this means that institutional investors has invest more than $10B within a space of one month after Bitcoin ETF has been approved, we don't know how the numbers will grow in the coming months, you think with such investment coming to Bitcoin, it will die and be forgotten one day? Extinction is not the right word to be used here.

The only challenge here is Bitcoin supply, it will continue to shrink and miners will continue to have less and less number of Bitcoin until 100 years to come. What will happen next depend on what will happen next on price and the next thing to do will happen by then, so for now just focus on the growth because bitcoin is too real to die, you should have asked this question 7 years ago when people were having so much doubt about the future.

The possibility of extinction certainly exists but not for the present time because after all bitcoin is currently still dependent on several things such as electricity and the internet so indeed when these 2 important things are lost then surely this will be the beginning of extinction that cannot be avoided.
It's just like I said before where things like this won't happen for the near future because after all we still live in an era where even though several countries in the world are experiencing chaos but everything is still maintained and can still be minimised so that bitcoin will still continue to exist.
It would be quite naive if indeed things that already exist will not disappear as well as bitcoin because even though they are currently in a good state of development but in the future extinction could occur, it's just that the chances are a little small.