This is why I believe bitcoin will crush in the distant future

[Mpamaegbu]

Bitcoiners keep their coins in a private key. This has a disadvantage. Let's assume that someone with 1000BTC dies. If he hadn't given the wallet to someone then his bitcoins are lost. So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

Your argument contradicts your intention, I believe. Lost Bitcoin (for whatever reasons) will only help to further cause its scarcity and scarcity will result in price going up. It's like when tokens get burnt. Of course, we always see price go up once tokens are burnt. But be that as it may, if Bitcoin crashes the whole crypto industry will crash too.

BTW, OP you may want to edit crush, in your title to crash.

[billykannithi]

The total cap of BTC is 21,000,000 BTC, many BTC in it never transfer or deposit in any exchange because lost. I think this adds to the value of bitcoin rather than impacting Bitcoin's blockchain system because Bitcoin's Blockchain Network works thanks to the computer system that validates transactions.

[ene1980]

Bitcoiners keep their coins in a private key. This has a disadvantage. Let's assume that someone with 1000BTC dies. If he hadn't given the wallet to someone then his bitcoins are lost. So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

It is not a big disadvantage as you are thinking, if you are having an offshore bank account and if none of your family members knew about it, then your family members are not going to get anything. If you are having family members and you think you want to share your personal financial details you can do that even now with bitcoin or with any hidden financial assets. Just find a lawyer and have a trust fund that can be used after you die. The market is new and millions of coins are lost but things keep changing, now a days no one will be careless enough to loose their coins.

[Timmzzy]

Bitcoiners keep their coins in a private key. This has a disadvantage. Let's assume that someone with 1000BTC dies. If he hadn't given the wallet to someone then his bitcoins are lost. So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

This is like trying to spread FUD, now have been hearing of all this Bitcoin will crash bitcoin will crash, I been into crypto-currency for the past 3 years now it's still making people richer and bigger stop having this imagination of if a Bitcoiner dies without giving his private key to any member of his family that bitcoin will be lower and lower. He dies so be it all his earnings in life is gone by the way I don't think in this present and up coming generations that no one will lack this knowledge of giving his will to the family in case some day he dies.

[retnoanjani]

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Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

Why not?
if we realize the potential and advantages of bitcoin, then we should prepare everything well. If possible, especially when you have lots of BTC in your wallet, you should take notes or at least notify the people closest to you, for example, your wife/husband/parents, who you can take to learn about cryptocurrency. As my husband and I work together to make money in the crypto world, we share everything including passwords and private keys, take notes, and store documents in a safe place that we can both access.
This is just a small problem I think, besides the potential and popularity of bitcoin that continues to increase, many people will be more concerned about their bitcoin.

[Zemomtum]

But it is not possible for everybody that owns Bitcoin to die at once, so how will the crush come in distance-time? The more it scarce, the higher the price becomes. If any whale does not find it easier to do documentation of their holdings, it is then good for hodlers

[Debonaire217]

This is somehow to broad to speculate such things to happen. IMO, in the first place not all people will die at the same time, second, not all bitcoin users hodl, most of them are transacting every day, this means that bitcoin is circulating. I want to ask if the bitcoins of the people are stored in exchanges in a sense that they don't have the private keys for themselves if they die, would the system figure it out? Will it be inherited by the family members of the person? I think not, and if that system could do that kind of thing, that proves that they really aren't trustworthy as they have the capability to move your funds and take it out of your authority.

[yazher]

Bitcoiners keep their coins in a private key. This has a disadvantage. Let's assume that someone with 1000BTC dies. If he hadn't given the wallet to someone then his bitcoins are lost. So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

This has been discussed before and many holders have come up with a new idea on how they will successfully pass their crypto assets to their loved ones. You won't really need to explain them in a complicated way because with the lots of information they can find in the internet, they will not be having a hard time decoding your last will regarding your crypto assets. just provide them with basic information and some dos and don't stuff.

[Tahsin Kabir Kollol]

You have a reason for thinking about this. But people are very aware of the present time. And Bitcoin is a much more important thing to people than in the past. People have chosen Bitcoin as a source of livelihood and They use it very consciously. Those with many Bitcoins can save it for their family. Anything can happen in our life so we should be prepared and save our assets for the family. Yet if some Bitcoins are accidentally destroyed, it adds to bitcoin prices. Which makes it more acceptable to people and also make people more careful. We must trust someone from within the family and we have to tell him or her how he/she can get those Bitcoins after our death.

[GDragon]

Bitcoiners keep their coins in a private key. This has a disadvantage. Let's assume that someone with 1000BTC dies. If he hadn't given the wallet to someone then his bitcoins are lost. So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

A point but I still think it will never be a problem in the distant future, lost coin will make the remaining coins higher in price. Scarcity. A lot of people already think about that honestly. They already have a plan on how they can properly transfer their coins to someone whenever they die. So their coin will never be lose. I think this will be a a problem if the people will be swipe in a blink of an eye. Thanos? Lol.

[fiulpro]

Okay few things I would like to point out here :

1. Won't it be more like a long term Holding situation for them ? If they cannot take the Bitcoins out of the wallet and it stays there , then one should understand it would not affect the Bitcoins that much since the percentage of that happening is really low.

2. I have heard about people who are willing to take care of the Inheritance pattern of Bitcoins and such . You can even leave the keys to your trusted lawyer or attorney.

https://keys.casa/bitcoin-inheritance-plan/

I in now way have used these services and have only pasted the url to give you guys an example of the services which can be used by someone who holds a certain amount of Bitcoins which can be passed on .

- Plus if you do read the news one can actually see there are Bitcoin firms who are thinking of doing something like this , since many people are asking for these kinds of services.

In the near future we will have a good company or firm looking into it.

At the same time in most countries Bitcoins is considered as an asset therefore it would be actually easy for the services to pass on the asset , it's not anymore just a cryptocurrency , it is now an *asset* .

Therefore I do believe that in the near future we will be able to go through this easily.

[josephsonand]

This is an interesting question, but similar aspects have already been taken into account by many BTC owners. You can simply transfer everything you need to access the wallet to your heir.