Bitcoin eventually disappear...

[Agraoleom]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

[1715241034]

1715241034

[Iranus]

Well you posted this in the "Economics" section, so let's make this about economics.

People have an amount of BTC.  The higher the value of their BTC, the more likely they are to keep it in safe locations or spread it between different places.  So the chance of them losing their BTC decreases exponentially as the price rises.

If they lose BTC, the supply decreases, therefore making the remaining BTC supply (marginally) more valuable and making people less likely to lose it.  So it never reaches a point at which there's not enough left.

So basically, no.  It's impossible.

[Agraoleom]

Well you posted this in the "Economics" section, so let's make this about economics.

People have an amount of BTC.  The higher the value of their BTC, the more likely they are to keep it in safe locations or spread it between different places.  So the chance of them losing their BTC decreases exponentially as the price rises.

If they lose BTC, the supply decreases, therefore making the remaining BTC supply (marginally) more valuable and making people less likely to lose it.  So it never reaches a point at which there's not enough left.

So basically, no.  It's impossible.

As long as storage and transactions are handled by humans, there is no way to avoid human errors, regardless of the assets value. Sure it is less likely to be lost, the higher the value. But will it ever be totally secured just because it is of a certain high value.

I am not convinced.

[MakeMoneyBtc]

Well you posted this in the "Economics" section, so let's make this about economics.

People have an amount of BTC.  The higher the value of their BTC, the more likely they are to keep it in safe locations or spread it between different places.  So the chance of them losing their BTC decreases exponentially as the price rises.

If they lose BTC, the supply decreases, therefore making the remaining BTC supply (marginally) more valuable and making people less likely to lose it.  So it never reaches a point at which there's not enough left.

So basically, no.  It's impossible.

They lose that bitcoin but it is not gone. It cant just disappear from wallet. The fact that the person cant acces the wallet doesnt mean the bitcoins doesn't exist. Yeah, bitcoin price is partially determined by the total supply but if you lost your bitcoins wallet thats not going to decrease the total supply. It will remain the same. The price grows every day because it is harder and harder to mine it not because bitcoins are lost every day

[error08]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

You should use 'search function' or google search engine before ask such question, it's obviously and people knows about it, already discussed many times in this forum. Even there are few people who have burned their bitcoin by sent it to burn address deliberately, because the value of the rest will be worth slightly more. We don't know how much bitcoin that has been lost since it can't be accessed anymore due to many reasons.

[BitcoinMuscle]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Yeah, there is a fixed number of bitcoins but it is harder and harder to mine it. So it will take another 5-10years untill all the bitcoin will be mined.
Even is bitcoins are lost everyday the total supply is to big to be lost all of it. If 4 bitcoins are lost every day it would take 10.000years for all bitcoins to be lost.
Also, the price will be a lot higher when all the bitcoins will be mined so people will be more careful for their wallets.

[Razick]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin is deflationary by nature. This is counter-intuitive to how most of us have been raised on an inflationary economic model (fiat becomes worth less and less over time due to inflation).

What you say is correct, but don't forget the less Bitcoin available means the supply is lower. When supply drops and demand stays the same, it means the price increases. Which means the price of Bitcoin never stops rising over the long term.

[nightmanisrightman]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Partly I believe yes. Sure people will lose bitcoin and the # of bitcoin will in theory only have the ability to go down once all coins are mined. But that does not mean it will get to a point where bitcoin itself is useless. Also

I dont think anybody tracks bitcoin loss or there isnt an accurate way to track this so we may never know the true circulating supply down to the tee. As long as the internet exists, bitcoin will exist in this world.

[Agraoleom]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin is deflationary by nature. This is counter-intuitive to how most of us have been raised on an inflationary economic model (fiat becomes worth less and less over time due to inflation).

What you say is correct, but don't forget the less Bitcoin available means the supply is lower. When supply drops and demand stays the same, it means the price increases. Which means the price of Bitcoin never stops rising over the long term.

"When supply drops and demand stays the same", this is my point. I think the demand can actually become larger, but it could theoretically reach a point where the amount of Bitcoins are too small that it is no longer attractive.

But I think it would also have to do with what function Bitcoin will play in the end. If its main function will be similar to gold, I guess it could still be an attractive asset no matter how small and expensive amount there will be.

[freebutcaged]

Wrong mate, Bitcoin is not really shrinking, every now and then people are forking the same blockchain creating a total double spent hard fork to have their

Own altcoin, do I have to count them for you one by one or do you know about them already? Bitcoin is not issued by printing like fiat is, price of the coins

Correlates with the total numbers of them, one could claim to have lost access to his coins but after a few years you see the same coins being transferred

And sold, that's why the market will always account for all of the coins.

[player514]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I think you might be confused with the miner fee and losing Bitcoin. When you send a transaction, yes, you do have to pay a bit extra money, but that money goes into someone else's ledger. Think of bitcoin in terms of blockchain ledgers. It will help your understanding of how the money flows.

Basically, when you send your money out, your ledger decreases and whoever you sent to / whichever overall addresses get coins from your transactions have their ledger balance increased.

[Agraoleom]

Wrong mate, Bitcoin is not really shrinking, every now and then people are forking the same blockchain creating a total double spent hard fork to have their

Own altcoin,

I am talking about Bitcoins, not altcoins...

price of the coins

Correlates with the total numbers of them,

Let's not forget, the demand...

one could claim to have lost access to his coins but after a few years you see the same coins being transferred

And sold, that's why the market will always account for all of the coins.

Really, how do someone get to spend a coin in a lost wallet without knowing the private key to that particular coin in order to sign a transaction, or recovery phrase?

Not possible as I understands it...

[Merovius]

Theoretically all of the bitcoins could disappear if all of the holders of BTC were to somehow lose their wallet files or have all of their devices rendered inoperable. However this is very unlikely to happen because of the sheer number of people who have at least a small amount of BTC stored somewhere. What is more likely to happen is that after all of the BTC is mined the amount of BTC in circulation will slowly decrease due to destruction and accidental losses, thus enabling a gradual increase in the value of each remaining BTC unit. This why some people have adopted "Hodl all the bitcoins" as their motto.

[HabBear]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Smaller amounts, sure. Cease to exist? Minimal amounts? No.

It would take an awful lot of loss for significant amounts of the bitcoin supply to make an impact. And as money supply reduces it does not have an impact on its usefulness or utility. Bitcoin is divisible to the 100 millionth of a bitcoin, which ensures that it's utility remains intact, regardless of price appreciation or other factors.

[Fortify]

It could happen, as there really is a low circulation of whole bitcoins in the world compared to the amount of people. Over time a lot of them will be lost and have been lost already, I'm not sure many people will like to use tiny decimal amounts in the long run. You could also argue that bitcoin is the first iteration of a working digital currency and it seems inevitable that an improved implementation will take the market share.

[pooya87]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

there are 2,100,000,000,000,000 units available in bitcoin and ~1,660,000,000,000,000 have already been mined. it is possible that after many years a large total number of coins will be lost but there is a very good chance that the amount won't be that big to cause any issues. and certainly bitcoin won't cease to exist because of something like that.

worst case scenario is that a very large amount is lost to a point that scarcity because a serious issue, although highly unlikely but there are solutions for it. such as breaking bitcoin to a smaller unit. in other words truing 1 satoshi to have 1 decimal point (1.0)

[karmamiu]

It could happen, as there really is a low circulation of whole bitcoins in the world compared to the amount of people. Over time a lot of them will be lost and have been lost already, I'm not sure many people will like to use tiny decimal amounts in the long run. You could also argue that bitcoin is the first iteration of a working digital currency and it seems inevitable that an improved implementation will take the market share.

                               This has been also discussed several times in this forum, about retrieving those lost wallets, getting back those lost bitcoin, but i think it wont really affect the price of bitcoin as much as the supply. I agree that as time passes by, more and more users have been adopting bitcoin, the problem is that it would really be a struggle to get, because of the increasing population of users and just limited supply of bitcoin in the world, and to add that up until now it is really hard to mine.

[sofi@]

Yes there is a chance that we lose all bitcoin due to different aspect such as human error like forgetting password or losing their on-line wallets but this can be prevented with proper knowledge on how you protect your bitcoin and having your security codes kept in your private records.

[fiulpro]

Hey..
Yes thats correct I myself have lost a fraction of my bitcoins due to carelessness but the thing is the amount they held wasn't that much important and now since I do hold an amount that I will for sure need for future I am very much concerned about them and keep them secure
...so there you have your answer;
If the people who hold minor amount looses it won't effect the economy that much and.. the people possessing preety higher amount will make sure that they keep their bitcoins protected sono chance of them loosing it and finally its the people  holding large amount of bitcoins only through which the economic value of bitcoins will be regulated, thus even if you loose 0.0000006 btc it won't matter much..
And as you start to accumulate more you will become more.self aware.

[rjbtc2017]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

This is possible in a sense of "active coins". Because of human error they might forget that they do have a bitcoin and they may forgot also the passwords, seeds , email account, exchanges accounts, let's say that 21 million coins were already finished mining and there are 300 people which each of them has 1 bitcoin and unfortunately forgot where is it now, 300 x 1 =300 bitcoins,  does this mean that 21 million bitcoin will now be decreased because of human error? , the answer is no, it's still 21 million yet the 300 bitcoin is not active , same with the holders who just holds their bitcoin. Therefore, the active coins that are currently flowing may decrease because of the holders and the people who forgot they have bitcoin but the total amount of bitcoin will never decrease.

[Agraoleom]

It could happen, as there really is a low circulation of whole bitcoins in the world compared to the amount of people. Over time a lot of them will be lost and have been lost already, I'm not sure many people will like to use tiny decimal amounts in the long run. You could also argue that bitcoin is the first iteration of a working digital currency and it seems inevitable that an improved implementation will take the market share.

About the tiny decimal problem, shouldn't it be possible to implement some kind of standard on top of bitcoin making it possible to view, lets say a 0,00000000 Satoshi as, for example 1 nakamoto coin, that sit on top of the actual bitcoin, making it easier to handle?

 

[plaintiff77]

I think this would not dissappear since we all know its already dominating the economy at present. Millions and more are interested on it and for the next 2 or 3 decades it will always be a bitcoin and eventually will have highet rates where in you will have income at the same time you learn.

[Agraoleom]

It could happen, as there really is a low circulation of whole bitcoins in the world compared to the amount of people. Over time a lot of them will be lost and have been lost already, I'm not sure many people will like to use tiny decimal amounts in the long run. You could also argue that bitcoin is the first iteration of a working digital currency and it seems inevitable that an improved implementation will take the market share.

                               This has been also discussed several times in this forum, about retrieving those lost wallets, getting back those lost bitcoin, but i think it wont really affect the price of bitcoin as much as the supply.

How can a diminishing supply, while still in demand, NOT have an effect on price?

I agree that as time passes by, more and more users have been adopting bitcoin, the problem is that it would really be a struggle to get, because of the increasing population of users and just limited supply of bitcoin in the world, and to add that up until now it is really hard to mine.

It will cause the price to go up.

[Agraoleom]

Yes there is a chance that we lose all bitcoin due to different aspect such as human error like forgetting password or losing their on-line wallets but this can be prevented with proper knowledge on how you protect your bitcoin and having your security codes kept in your private records.

So, what you are saying is, if we all just tell ourselves to be less sloppy, human errors will no longer exist?

I am pretty sure, human errors are here to stay, as it is inherent in human nature.

[Pleione527]

Bitcoin can eventually disappear this one disadvantage bitcoin has that is inevitable and no one can controlled, the moment a person forgot his authentication on his wallet or died without proper turn over of inheritance the chance that the bitcoin they own maybe forgotten and just disappear meaning floating in the system which no one can recover that is why we must be very careful but as human we commit mistake and that's normal

[Agraoleom]

Bitcoin can eventually disappear this one disadvantage bitcoin has that is inevitable and no one can controlled, the moment a person forgot his authentication on his wallet or died without proper turn over of inheritance the chance that the bitcoin they own maybe forgotten and just disappear meaning floating in the system which no one can recover that is why we must be very careful but as human we commit mistake and that's normal

Yes, exactly what I am saying.

So it is, inevitable that in time, Bitcoin will seize to exist, be it maybe 300 years from now, or the amount will shrink to a point where it is no longer possible even for the elite to own a fraction of it, meaning it will lose it's attraction as a value asset.

Or something else...

[robchch]

I think you have a point but it is unlikely for all bitcoin to get lost. However as more and more gets lost it's value must increase to compensate for the losses if it is to be a useful currency and could make it impractical if it runs out of decimal places to pay for low value goods.

[Ranly123]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin is programmed by people meaninit is lrone to error and if it will happen all data will be gone. But people behind bitcoin atleast made progamme if ever accident happen they can eventualy recover the lost data, im sure they have back-up file for it.

[Agraoleom]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin is programmed by people meaninit is lrone to error and if it will happen all data will be gone. But people behind bitcoin atleast made progamme if ever accident happen they can eventualy recover the lost data, im sure they have back-up file for it.

No, only the owner of the bitcoin has the original unique key for a specific transaction, and no one else can see it, so "people behind it" will not be able to recover it.

[BTCevo]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Yes, it will be a fixed number on bitcoin but do you think if this coin become rare, the price will not increase? On bitcoin, if there is a demand, price will keep on increasing, mean while if there is no demand, price will drop but in this case bitcoin will never disappear? How are you going to make it dissapear? I can guarantee some of them are holding it, the only thing that will be dissapear is the value of each coin but like I said before if there is still demands, its price will always as high as it can

[MMS2017]

The rise and fall of everything happens in the world if we look at the fall appearance of bitcoin. It’s difficult because it was not preplanned that this type of currency will come into existence So it can be say that bitcoin will not disappear one day if its stable currency among the world.

[JTASSOCIATES]

Bitcoin wont eventually disappear. In my point of view as what I understood is human error occurs and the wallet cannot be accessible but Bitcoin owner will be the only having access to Bitcoin what they owned.

So errors / discrepancies in minor level is acceptable nothing to be very serious about it.

[FrueGreads]

Well there are some cases of lost bitcoin, most of them happened in the past when the value was lower, and people didn't really paid to much attention to them. I don't say it will not happen again, but it will be insignificant. Yes human errors happen, but they tend to decrease as the "value of the act" increases. Take a look to air control in airports. The % of human error there is incredibly small. If it wasn't many people would die. Same thing goes for surgeries in life or death situations. It can happen, but the % for a forced error is very small. Same thing will be with bitcoins, the value is so high, that people will treat it with extremely caution, and the % of lost bitcoins for unforced errors will be minimal, so what you are saying can't really happen in a lifetime.

[extrimals]

Bitcoin can disappear only if it ceases to be of interest to people. Every day, new crypto-currencies are created which have a chance to destroy it and take first place.

[adam1230]

I was thinking about similar things.
For example think about a drug seller. He has huge amount of bitcoin and he died. Well all of these bitcoins will be in a dead wallet.

[Nahl]

because they're bought bitcoin with money then people control their bitcoin and people will manage the situations to keep bitcoin or their asset to not being worthless but maybe someday if there is a new coin which be the replacement of bitcoin people will starting to trade them or collect them so they will starting to sold their bitcoin gradually untill bitcoin is not valuable anymore because lack of interest and eventually bitcoin will disappear so this time i do agree with OP 

[NS-Soul]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Yes exactly bitcoin amounts decreases because of human error but it is isn't a big deal as long as the pcs of bitcoins can be spread into many portions. We don't know only in the coming future but i don't think its not a big problem.

[bjumb]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin is deflationary by nature. This is counter-intuitive to how most of us have been raised on an inflationary economic model (fiat becomes worth less and less over time due to inflation).

What you say is correct, but don't forget the less Bitcoin available means the supply is lower. When supply drops and demand stays the same, it means the price increases. Which means the price of Bitcoin never stops rising over the long term.

It's not deflationary. Well at least not by design. Deflation means less coins would be in circulation every year. It's designed just to stop producing new coins at 21 million, but not to burn them after reaching this number. But it's true lost keys to addresses will cause some bitcoins to be inaccessible. They would still exist in the total supply count, but because noone will be able to access them, the effect will be the same as if supply decreased and would make upward pressure on bitcoin price.

For those who think we might run out of bitcoins because to many people loose their keys, it can't happen. It has 8 decimal places for a reason. Even if there was only 1 BTC left it could still be divided equally between 100,000,000 people. And it's price would be the same as total marketcap.

[Junko]

In theory yes, Bitcoin could disappear over time from people accidentally losing their private keys, storage devices and even dying without passing their bitcoins/wallets private keys, exchange account passwords, etc. But in practicality, all bitcoin wouldn't completely disappear, at least not in our lifetime. There are enough people who are careful with their holdings and will do what is necessary to keep them safe for themselves and for those who will inherit their bitcoins when they pass away.

[Kisanaq]

Believe me, nothing lasts in this world, everything will disappear including bitcoin, I'm sure there will be hackers who mess up bitcoin or someday there is better coin than bitcoin so everyone leaves bitcoin and finally bitcoin disappear.

[Agraoleom]

Yes human errors happen, but they tend to decrease as the "value of the act" increases. Take a look to air control in airports. The % of human error there is incredibly small. If it wasn't many people would die.

Many people do die in plane crashes due to human error, it happens quite a lot...

Same thing goes for surgeries in life or death situations. It can happen, but the % for a forced error is very small.

But still, it happens...

Same thing will be with bitcoins, the value is so high, that people will treat it with extremely caution, and the % of lost bitcoins for unforced errors will be minimal, so what you are saying can't really happen in a lifetime.

I didn't say necessary in a lifetime, but the math is actually quite simple, there is a fixed amount, and from that fixed amount, bitcoins WILL be lost. Eventually, they must seize to exist.

[Razick]

It could happen, as there really is a low circulation of whole bitcoins in the world compared to the amount of people. Over time a lot of them will be lost and have been lost already, I'm not sure many people will like to use tiny decimal amounts in the long run. You could also argue that bitcoin is the first iteration of a working digital currency and it seems inevitable that an improved implementation will take the market share.

                              This has been also discussed several times in this forum, about retrieving those lost wallets, getting back those lost bitcoin, but i think it wont really affect the price of bitcoin as much as the supply.

How can a diminishing supply, while still in demand, NOT have an effect on price?

I agree that as time passes by, more and more users have been adopting bitcoin, the problem is that it would really be a struggle to get, because of the increasing population of users and just limited supply of bitcoin in the world, and to add that up until now it is really hard to mine.

It will cause the price to go up.

Supply and demand. Bitcoin is deflationary by nature. Essentially everyone in the world has been raised in an inflationary system. This system is based on fiat and fractional reserve banking. It will take centuries for a new one to sink in. Even when crypto becomes popular, there will be traces of fiat until most or all old generations are wiped out to the point crypto actually could become 100% saturated and fiat disappears entirely.

[marcuslong]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I think bitcoin will never be disappear since bitcoin is the biggest bank in the world which isn't using real cash this currency will be more successful and it will be implemented to other company and into our economy the best thing about bitcoin is it is not yet mined all it will increase more if it shrinks i think bitcoin still remain bitcoin and become more useful into another things.

[Yaunfitda]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I think bitcoin will never be disappear since bitcoin is the biggest bank in the world which isn't using real cash this currency will be more successful and it will be implemented to other company and into our economy the best thing about bitcoin is it is not yet mined all it will increase more if it shrinks i think bitcoin still remain bitcoin and become more useful into another things.

I think the last bitcoin could be mined in the next 100 years. So that's a century. We may have been long gone by then and still bitcoin exist. But the question is what's gonna happened if all bitcoin are mined? If trading still exists when the last supply will mined then bitcoin will continue to flourish. As long as people are trading bitcoin, I don't think it will just disappear. Maybe there were still bagholders that won't sell their coins and will keep it after centuries even if its not useful anymore.

[Reez]

Bitcoin will never disappear because of it's immutable qualities and that is what makes it sound money so it is vastly superior to paper money and gold that way.

[nodelover]

Bitcoin support worldwide is strong. Currently bitcoin is equivalent to 4393.68 USD at the time of this reply. So it will stick for a while.

[E-shipper]

I think that this may affect the reduction of bitcoin, but still most people too value their coins and try to keep their passwords to access the wallet in a safe place.

[Whosdaddy]

Very interesting point of view!

The key question is how many % of the total available bitcoins get lost every year and are the 8 decimal digits able to balance the losses?

One day the use of the word satoshi will probably become more common, we wiil see.

also that will eventually be the point at the long run. Initially when the whole journey started, no one ever thought about satoshi since even 1 bitcoin was not even worth much, but as it keeps going, even now, people are beginning to buy the few decimals before the whole bitcoin and apparently we will have a time when 1 bitcoin will be a no go aspect for most people and stick to the little satoshis they can get.

[Bitcoincole]

Very interesting point of view!

The key question is how many % of the total available bitcoins get lost every year and are the 8 decimal digits able to balance the losses?

One day the use of the word satoshi will probably become more common, we wiil see.

also that will eventually be the point at the long run. Initially when the whole journey started, no one ever thought about satoshi since even 1 bitcoin was not even worth much, but as it keeps going, even now, people are beginning to buy the few decimals before the whole bitcoin and apparently we will have a time when 1 bitcoin will be a no go aspect for most people and stick to the little satoshis they can get.

For me this question is a good sample for everybody that it is possible to happened that they will loss bitcoin in a second because of a human error as a factor it could be in a situation of being hurry transaction of copy and paste and forgetting private keys in a wallet and many others.

[Gozie51]

Well you posted this in the "Economics" section, so let's make this about economics.

People have an amount of BTC.  The higher the value of their BTC, the more likely they are to keep it in safe locations or spread it between different places.  So the chance of them losing their BTC decreases exponentially as the price rises.

If they lose BTC, the supply decreases, therefore making the remaining BTC supply (marginally) more valuable and making people less likely to lose it.  So it never reaches a point at which there's not enough left.

So basically, no.  It's impossible.

As long as storage and transactions are handled by humans, there is no way to avoid human errors, regardless of the assets value. Sure it is less likely to be lost, the higher the value. But will it ever be totally secured just because it is of a certain high value.

I am not convinced.

Bitcoin that is lost because of code misplacement does not disappear from blockchain rather it simply means the individual would not be able to use it again . Therefore, the individual's lose and not that the margin of bitcoin available decreases.

Furthermore, as for not being convinced about "totally secured ". Bitcoin itself is totally secured when you take your time to do the right things to secure it. This brings us to the misplacement of code or disclosure to untrusted third party. So we have to be careful.

[Lieldoryn]

I think that this may affect the reduction of bitcoin, but still most people too value their coins and try to keep their passwords to access the wallet in a safe place.

People tend to create their own difficulties. To have a personal secret code and the constant fear for his safety is a bad idea. I store bitcoin on a generally accepted electronic wallets parts. I am sure that this storage method is more secure than storing offline.

[aencarnaci]

Yes there is a chance that we lose all bitcoin due to different aspect such as human error like forgetting password or losing their on-line wallets but this can be prevented with proper knowledge on how you protect your bitcoin and having your security codes kept in your private records.

So, what you are saying is, if we all just tell ourselves to be less sloppy, human errors will no longer exist?

I am pretty sure, human errors are here to stay, as it is inherent in human nature.

Human errors are there always as a part of the nature. But in my view, one should not be that much less considerate about his or her possessions .silly mistakes such as forgetting the passkeys or mismatched keys are all the result of casualness. We must stay very active and not get hold of the online wallets in beginning as it requires a bit practice to handle them.

[Mikasa77]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

As far as i know, it is possible that bitcoin will disappear because it has only limited resources for about 21 million. I think if this bitcoin will be all mined by miners, there is a possibility that the bitcoin will be longer useful or its price will shrink. But thats only for my opinion. No one knows what will happen in the future.

[voltesbit777]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

IF I'm going to ask, bitcoin will never be disappear especially for what is happening now, the demand was getting higher, and more investors are getting in  here in this industry. Also more merchants now are adapting the concepts system of bitcoins.

[jimrome]

Believe me, nothing lasts in this world, everything will disappear including bitcoin, I'm sure there will be hackers who mess up bitcoin or someday there is better coin than bitcoin so everyone leaves bitcoin and finally bitcoin disappear.

I am not sure what kind of logic is that,what you mean by everything will disappear eventually and do you think all the hackers in the world are sleeping for the past several years waiting for the right moment . Lets start some realistic conversation which could benefit someone rather than creating all these hypothetical threads which makes no sense.

[yakushev]

I do not think that bitcoin can disappear. Good specialists will constantly improve technology and correct mistakes if they are to ensure that bitcoin benefits everyone.

[Creepings]

Bitcoin support worldwide is strong. Currently bitcoin is equivalent to 4393.68 USD at the time of this reply. So it will stick for a while.

I think saying that also means that it will be disappearing soon, you use the word "stick for a while" so you are saying that Bitcoin will be gone soon and be forgotten but it will not. I think bitcoin will not be a real currency in the future but it will be more valuable than the gold in this world.

[Basmic]

I do not think that bitcoin can disappear. Good specialists will constantly improve technology and correct mistakes if they are to ensure that bitcoin benefits everyone.

For the successful existence of bitcoin a little time to make adjustments to the program. Bitcoin pretends to be the future currency in the world. I'm sure that many people do not like. Need to prepare for war for survival. Instead, we see constant war within the community. It jeopardizes all.

[Auralea]

My personal opinion is that as long as the crypto ecosystem does nothing to discuss or recognise the economical dangers of LNs and PoS systems there might be a real chance this whole experiment is doomed to fail. These developments will lead to a better legacy payments system, an ideal system for the western cabal to controle. Nothing revolutionairy in the slightests, leaving room for other ideas and concepts that may be easily able to replace current cryptocurrencies given the right incentives.

Thanks for reading

[13abyknight]

Bitcoin has existed from over 8 years now and has been the predominant cryptocurrency in terms of price and volume of trade. Definitely, due to human error there has already been loss of millions of Bitcoins already worth billions of dollars today and this count could only increase by your idea. Everyone in the world can't commit the same mistake and lose their Bitcoin wallets so there will still be Bitcoin as long as users are careful with handling their moneys/wallets.

[appleffi]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I believe that as long as there is still users left for bitcoin, it will not disappear. And although human error is inevitable, and the lost will just be catch by others and it goes on circles, this process is a common scenario in the bitcoin economy.

[TheAndy500]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

People investing in bitcoins do so with a view to earning money, so that their price will continue to grow and there is no reason for fear of disappearing.

[EddyGameta]

The amount indeed will be less but will everyone be just carelessly losing a very valuable thing? if the amount of money in circulation is reduced but that is not a threat for Bitcoin, Bitcoin's value will be even more valuable than ever because of the fewer supplies while the market demand increasing .

[BITDV]

I think if the holders of Bitcoin carelessly losing their coins 1 by 1 then Bitcoin will meet its end because I doubt Bitcoin will succeed to be the exchange rate when the supply in the circulation is only in a small amount. Bitcoin will be abandoned by its users due to its limitations.

[Phildo]

it could happen if the circulation of Bitcoin is really small that’s because the supply is small, as time goes on the amount of bitcoin one by one rotating in the circulation will be reduced by itself and only a few pieces will be left. but I'm sure there will be a soft fork from that small amount of Bitcoin.

[Bitcotalk]

Believe me, nothing lasts in this world, everything will disappear including bitcoin, I'm sure there will be hackers who mess up bitcoin or someday there is better coin than bitcoin so everyone leaves bitcoin and finally bitcoin disappear.

Why will you say you are sure of something that is likely not possible? I am still trying to get your perspective though, since you said everything will disappear and not just bitcoin. Sure, they always say nothing lasts forever, but the stakes presently are high and we cannot be so sure yet.

Moreover, the instances the OP mentioned will not make bitcoindisappear, we will only end up making do with what we have at the long run and at the value as at then. Those that are lost will not be so different than having something and holding it in my wallet without spending. Will that stop the ones already on ground from being spent?

[choirunn]

the bitcoin price depends on the market demand, if market demand is high and bitcoin availability is limited the price will continue to rise more expensive, but if the market does not need bitcoin the price of the bitcoin may drop, but I think that is unlikely. bitcoin prices remain more expensive.

[Milo_Kidd]

it could happen if the circulation of Bitcoin is really small that’s because the supply is small, as time goes on the amount of bitcoin one by one rotating in the circulation will be reduced by itself and only a few pieces will be left. but I'm sure there will be a soft fork from that small amount of Bitcoin.

For people are hold their bitcoin so that its price will rise. Because people wants to have or earn bitcion but there is only limited bitcoins to be mined or earned it will comes in the law of supply and demand. They will release their bitcoin when the exact high price reach as they want and they expected.

[Kakawate]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Yes what you said about some people losing bitcoin is true, and that the amount of bitcoin will definitely decrease and that there are only limited supplies of bitcoin out there. But I think you are forgetting something, that if people are demanding for bitcoin and there are a decrease of bitcoin, let say every year, then that would just make the price of bitcoin go up even more, and I don't have a problem with than. Still, bitcoin will remain on top and will continue to increase in value.

[aoihs00]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.


This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.


Is this correct?

It's partial true but partial wrong as well. Don't think about the bitcoin as whole entity but you can divide it surely into different units to which we call as satoshi, bits, etc. Which means in the alter time even if we are left with say 100 bitcoins then at that time the demand and supply math will lead to price of per bitcoin upto 100K USD which means we will have to use it in the smaller units just like we use the fiat currency.


So it won't get disappeared completely but it will be used in unti forms which will Cary same value as today.

[Osarman]

Bitcoin has existed from over 8 years now and has been the predominant cryptocurrency in terms of price and volume of trade. Definitely, due to human error there has already been loss of millions of Bitcoins already worth billions of dollars today and this count could only increase by your idea. Everyone in the world can't commit the same mistake and lose their Bitcoin wallets so there will still be Bitcoin as long as users are careful with handling their moneys/wallets.

No doubt it is the long time the bitcoin is there since 2009 and till now the price of the bitcoin is very high and more and more people are holding and investing in the bitcoin, the point is that the money is good to invest and to have the high amount of the bitcoin in your life so I think as the time passing the believe of the people in the bitcoin is increasing and they are using the bitcoin for the high time now.

[Risktaker31]

I think even if the bitcoin decreased by the years passed it wont still be actually disapperad forever because some of the people store their bitcoin on a safer wallets(hardware wallet). If the volume of the bitcoin decrease the value of it may pump or get a higher value. and the chance that the value increase some of the people who store it may sell it on the market to get a big profit for it .

[Ewox]

I think even if the bitcoin decreased by the years passed it wont still be actually disapperad forever because some of the people store their bitcoin on a safer wallets(hardware wallet). If the volume of the bitcoin decrease the value of it may pump or get a higher value. and the chance that the value increase some of the people who store it may sell it on the market to get a big profit for it .

I agree, and I also don't think Bitcoin will disappear but maybe it's value in time will increase but I highly doubt it will disappear. It had contributed and helped a lot of people, for sure those who are holding on to their bitcoins for a couple of years would agree because they are most likely holding on to bitcoins because they are all hoping its value will increase in time more than what its current price is at.

[Skyshark]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I thinks most of what you have said are true, but I don't think that bitcoin will shrink and eventually lose its value. I Think the opposite will happen, it will just increase its value even more, or lets say that what you are saying happened in the future, then I think some altcoin would quickly take bitcoins place and rule the market.

[ajmapalo22]

Yes if the majority of bitcoin will be lose and was not retrieve posibilities are bitcoin can die in the curculation because of the fact that there are only limited bitcoins but I think bitcoin is spread througout the world that a lose of one person will not affect bitcoin supply and also the price can still increase to sustain the growing demand

[Spain2000]

No I don’t agree because it’s very hard to disappear a living currency in a very short time and in the case of bitcoin it is growing now a days. People are become more trusting on this currency. People are more attached with this digital currency ad to say in a sense that bitcoin is the most strongest currency in this century,

[jonatuzc]

If Bitcoin did disappear, so would a lot of people.  LOL. 

There is no chances about this conspiracy theory so many lives are connected to bitcoin and if eventually this will happen so many people will come onto the roads and there will be very difficult for their government to negotiate their loss and there is only one way that bitcoin disappear “no internet no humans on earth”, bitcoin will bless people till apocalypse.

[PizzaBTC]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I thinks most of what you have said are true, but I don't think that bitcoin will shrink and eventually lose its value. I Think the opposite will happen, it will just increase its value even more, or lets say that what you are saying happened in the future, then I think some altcoin would quickly take bitcoins place and rule the market.

There is nearly impossible that such an influenced and most valuable coin of era disappear like this there is no logic behind that bitcoin has developed itself so strong that nobody can harm it, it is not just currency it is just a life style and it will ends with the end of the world and as there are people o earth they will keep using it and will be getting benefits from it.

[Turkiwi]

Bitcoin is the most unlikely currency to dissapear. It's essentially build in a way, that it's distributed to everyone WORLDWIDE, which means everyone is a part of the currency. So if you want to bring BTC down you have to bring first down everyone who uses it, which in FIAT terms that would be a country. But in BTC terms that a international community spread to all corners of the world! How do you destroy that? We are everyone and everywhere, no one has the upper hand in BTC (maybe namakoto, but he's the man anyway), which makes it one if not the safest currency in the world (albeit volatile... for now)

[Iveyalla]

Bitcoin developers will continue to innovate with all the possibilities that will happen in the future. Such as segwit or splitfork. It's one of developers' innovations on the latest bitcoin conditions. So, potential bitcoin be disappear is impossible to happen.

[Pivo]

Well you posted this in the "Economics" section, so let's make this about economics.

People have an amount of BTC.  The higher the value of their BTC, the more likely they are to keep it in safe locations or spread it between different places.  So the chance of them losing their BTC decreases exponentially as the price rises.

If they lose BTC, the supply decreases, therefore making the remaining BTC supply (marginally) more valuable and making people less likely to lose it.  So it never reaches a point at which there's not enough left.

So basically, no.  It's impossible.

As long as storage and transactions are handled by humans, there is no way to avoid human errors, regardless of the assets value. Sure it is less likely to be lost, the higher the value. But will it ever be totally secured just because it is of a certain high value.

I am not convinced.

Then it will just get reduced and reduced in the max supply which leads to a much mlre limited supply.

I doubt that all 21 million bitcoins will be lost, or even half of it or a million of it. People tend to keep their assets secure especially when its valuable so they may lose a little bit of bitcoin now and then but not that great actually.

[jaysabi]

Well you posted this in the "Economics" section, so let's make this about economics.

People have an amount of BTC.  The higher the value of their BTC, the more likely they are to keep it in safe locations or spread it between different places.  So the chance of them losing their BTC decreases exponentially as the price rises.

If they lose BTC, the supply decreases, therefore making the remaining BTC supply (marginally) more valuable and making people less likely to lose it.  So it never reaches a point at which there's not enough left.

So basically, no.  It's impossible.

They lose that bitcoin but it is not gone. It cant just disappear from wallet. The fact that the person cant acces the wallet doesnt mean the bitcoins doesn't exist. Yeah, bitcoin price is partially determined by the total supply but if you lost your bitcoins wallet thats not going to decrease the total supply. It will remain the same. The price grows every day because it is harder and harder to mine it not because bitcoins are lost every day

There is no practical difference between a coin "disappearing" and a coin being unable to be accessed to be spent. From the perspective of supply and demand, an inaccessible coin is indistinguishable from a non-existent coin in that neither will factor into supply. If a coin were to disappear, or simply become inaccessible due to lost private keys, it will decrease the supply available, and decreased supply leads to a higher price as stable demand chasing fewer coins necessitates a higher price (theoretically). Supply isn't the number of coins that are mined, it's the number of coins that are accessible.

[Oilacris]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

There would really be instances that bitcoin would be possible be forgotten or lost which would really cause to lessen the circulating supply or even the overall supply and its not really possible to use those bitcoin and would be considered to be lost forever in the void or somehow floating into the ecosystem.Once you lose the keys of it then you cant do nothing but move on but i do believe that not all people are dumb enough to lose every single bitcoin that they do have.

[ASHLIUSZ]

Bitcoin disappearing from its usage or from the list of cryptocurrency is never gonna happen in the short or later in the future. Though the asset is completely functional on speculation and the trust,  due to its virtual functioning. What it has reached is simply much bigger and providing path for growth of different other assets.

[AmXProX]

Well you posted this in the "Economics" section, so let's make this about economics.

People have an amount of BTC.  The higher the value of their BTC, the more likely they are to keep it in safe locations or spread it between different places.  So the chance of them losing their BTC decreases exponentially as the price rises.

If they lose BTC, the supply decreases, therefore making the remaining BTC supply (marginally) more valuable and making people less likely to lose it.  So it never reaches a point at which there's not enough left.

So basically, no.  It's impossible.

They lose that bitcoin but it is not gone. It cant just disappear from wallet. The fact that the person cant acces the wallet doesnt mean the bitcoins doesn't exist. Yeah, bitcoin price is partially determined by the total supply but if you lost your bitcoins wallet thats not going to decrease the total supply. It will remain the same. The price grows every day because it is harder and harder to mine it not because bitcoins are lost every day

There is no practical difference between a coin "disappearing" and a coin being unable to be accessed to be spent. From the perspective of supply and demand, an inaccessible coin is indistinguishable from a non-existent coin in that neither will factor into supply. If a coin were to disappear, or simply become inaccessible due to lost private keys, it will decrease the supply available, and decreased supply leads to a higher price as stable demand chasing fewer coins necessitates a higher price (theoretically). Supply isn't the number of coins that are mined, it's the number of coins that are accessible.

Having this one said, based on OP's point. no it will not lose it's value it will even result to a higher market price since the supply that is circulating will be less and when higher demands occur it will result to higher price per piece of coin.

[olushakes]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I doubt shrinking to certain amount because even looking at the figures, it seems so impossible for every bitcoin, there are 100million satoshis which mean there are 21million* 100million satoshis. How that wants to shrink to the point where bitcoin will cease to exist is what I would appreciate op to describe for my understanding.

[BarbusseH]

The higher the price Bitcoin the more careful people will store it. Loss due to this decrease.
In addition, you can enter fractional parts bitcoin, the same Satoshi (1 BTC = 100 000 000 Satoshi) or even less.

[Marivic13]

Never happen that becuase we all know bitcoin has so may troubles come,  but all of that is successfull defend its reputation,  we need support bitcoin.  Becuase in this we have a chance to be a billionaire.  Just work hard. 

[carlisle1]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

better that you will gone first before bitcoin,youre idea is too far from reality yeah theres carelessness when some bitcoin holders forgot their password,some have dies without giving password to others,some have just gone withhe wind,but this are isolated cases.dont be generalized because the volume of bitcoin is enough to stand for long years.enough that you will gine fist before btc does

[Afnan_faizah]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Many people are loss their private so the number of bitcoin that can be use is decreasing. It makes the comparison between supply and demand is become larger. This world is so old, I am sure that bitcoin still can be used before doomsday come. I hope more bitcoin users are more aware about how to secure their private key data of their wallet.

[shoujiuhaituo7]

The absolute quantity of money is not as important as it is expected. It doesn't matter if the bitcoins are lost to one, and you can have more than N Numbers behind the decimal point. So I don't think bitcoin will go away.

[romecheo]

The increasing value of Bitcoin, signify it's importance and what ever is valuable it was more likely to keep. People are very specific to their assets and mind it very well, because this unique characteristic of human, in my own perception, disappearing of Bitcoin was very far from happening.

[yanesna3]

Bitcoin developers will continue to innovate with all the possibilities that will happen in the future. Such as segwit or splitfork. It's one of developers' innovations on the latest bitcoin conditions. So, potential bitcoin be disappear is impossible to happen.

I also strongly believe that the events will be like that: Bitcoin will have some innovations. It will be used for many years even after the last BTC coin is mined.

[tole123]

that's not true, bitcoin will still be useful but the price goes down, for bitcoin seekers does not matter, but has to work hard to collect the many bitcoins to make more profit

[Emin90]

So far not all bitcoin released so far it is too early to speak about that. My personal opinion that it does not disappear because of the world financial system will become part of thenot only he but still some coins which will be relevant at the time, not just money bitcoin is a new technology transfer transactions.Much still ahead just waiting.

[hisuka]

that's not true, bitcoin will still be useful but the price goes down, for bitcoin seekers does not matter, but has to work hard to collect the many bitcoins to make more profit

Absolutely you are right, bitcoin will not eventually disappeared. Price goes down and up it will actually worth it to increase in terms of price. With the demands now I can say it is not, however I believe bitcoin will continue to exists.

[shuvo999]

Bitcoin developers will continue to innovate with all the possibilities that will happen in the future. Such as segwit or splitfork. It's one of developers' innovations on the latest bitcoin conditions. So, potential bitcoin be disappear is impossible to happen.

I also strongly believe that the events will be like that: Bitcoin will have some innovations. It will be used for many years even after the last BTC coin is mined.

Bitcoin is ruling world of crypto coins for last many years and we know that no one has ever been able to surpass bitcoin. So this is true that bitcoin is going to stay in the world economy forever and there are maximum chances for its legalization by all states of the world. Perishing away is the property of altcoins.

[portotoi]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I don't agree with that. It is true that bitcoin value is very volatile. And we don't even know when will this bitcoin increases or decreases. But bitcoin will never disappear. Even if it goes down to the lowest, still it will recover and rise again.

[uozer]

We actually understand the message you are trying to pass across here that no how, no how, the number of Bitcoin to be mined shall truncated one day. But have you forgotten that this shall be happening in trillion years and above that no exact one person can actually predict when this shall be happening at all. Next and next next generation are still accessing Bitcoin to infinity. So  why should we talk about burial while the projected/speculated corpse is alive? What should be our concern now is to be proactive with all Bitcoins task to ensure it's price stability and its acceptability for it's real existence as part of worldly of currencies

[Lancusters]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

That won't happen. The number of bitcoins is enough to provide the needs of users. The discharge of the coin allows you to accumulate a large number of Fiat. Even if the Bitcoin will cost $ 10,000,000 can be used. The reduction of available coins will stimulate the growth of prices. Bitcoin will absorb all the Fiat.

[Choyor]

Jika semua prosedur keamanan selesai. Tapi kesalahan sepele seperti ini bisa membuat kita kehilangan Bitcoin.Salah saat mengirim Bitcoin. Salah memasukkan jumlah Bitcoin yang dikirim. Masukkan jumlah Bitcoin yang dikirim dan biayanya. Itu berarti kemungkinan kehilangan bitcoin bisa terjadi selama penyimpanan dan transaksi yang ditangani oleh manusia.

[BartS]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

better that you will gone first before bitcoin,youre idea is too far from reality yeah theres carelessness when some bitcoin holders forgot their password,some have dies without giving password to others,some have just gone withhe wind,but this are isolated cases.dont be generalized because the volume of bitcoin is enough to stand for long years.enough that you will gine fist before btc does

Besides there is no way to know if some coins are lost or if the owner is simply letting his coins in his address for a long time, unless some kind of list is maintained about this then we are never going to know how many coins have been lost, as an example satoshi is said to have more than 1 million bitcoins and yet we do not know if those coins are just sitting there or if those coins are lost due to satoshi passing away or by him deleting the wallet files.

[tophe15]

Well you posted this in the "Economics" section, so let's make this about economics.

People have an amount of BTC.  The higher the value of their BTC, the more likely they are to keep it in safe locations or spread it between different places.  So the chance of them losing their BTC decreases exponentially as the price rises.

If they lose BTC, the supply decreases, therefore making the remaining BTC supply (marginally) more valuable and making people less likely to lose it.  So it never reaches a point at which there's not enough left.

So basically, no.  It's impossible.

Great explanation out there sir! Agree with what you've said, bitcoin as to its current value trend and that scenario will happen like what the author said, it will not really go down to zero.

[expless]

Yes it is being controlled by human, but humans does the job with the help of computers. You shouldn’t expect us to leave everything for computers and robots, there are things that needs to be done by human beings, we shouldn’t let robots take over our world okay. And Bitcoin is never going to disappear or whatever, it will always stay.

[Yarsk]

People are becoming more wiser in terms of securing the bitcoin due to the fact that so many other holders of bitcoin have lost they assets in the past, and at this moment people have learn to spread the bitcoin in different places and even if they lost some part of it they will still have other saving to fall back to. So bitcon can not go out of existence.

[qwertyup23]

I think even if the bitcoin decreased by the years passed it wont still be actually disapperad forever because some of the people store their bitcoin on a safer wallets(hardware wallet). If the volume of the bitcoin decrease the value of it may pump or get a higher value. and the chance that the value increase some of the people who store it may sell it on the market to get a big profit for it .

I agree, and I also don't think Bitcoin will disappear but maybe it's value in time will increase but I highly doubt it will disappear. It had contributed and helped a lot of people, for sure those who are holding on to their bitcoins for a couple of years would agree because they are most likely holding on to bitcoins because they are all hoping its value will increase in time more than what its current price is at.

Following the logic that nothing is consistent in the world, another type of cryptocurrency would surely take its spot at the top. The problem with bitcoin is its slow transactions and many prohibitions by countries in the world. Maybe in the future, there will be a cryptocurrency that is better, faster, and reliable than bitcoin but it will remain as a foundation to all cryptocurrencies.

People are becoming more wiser in terms of securing the bitcoin due to the fact that so many other holders of bitcoin have lost they assets in the past, and at this moment people have learn to spread the bitcoin in different places and even if they lost some part of it they will still have other saving to fall back to. So bitcon can not go out of existence.

People would just hoard and circulate their bitcoins until its value skyrockets. Once that happens, people would likely sell their bitcoins and that will contribute to its volume in the market. I believe that the 21 million bitcoins in existence would just circulate until another type of cryptocurrency would dominate instead of bitcoin. Nevertheless, I highly doubt that it will disappear despite having many conflicts in the world (even if the government decided to regulate it).

[Eijrafarm]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I guess not. Bitcoin does not some up only in small amount. The number  of bitcoin holders are too many. Accounting the loses for just 10 or 100 invidiual then it could not give representatives in over all population.

[Alalex]

There is no sudden error that causes bitcoin to disappear, if the problem about going to the declining bitcoin price is because bitcoin or other cripto money can not be fixed because the price of cripto money can instantly turn up high again / down in an instant.

That's not to say that bitcoin is useless as a cripto currency, never worry about the declining bitcoin price.

The great benefit of this bitcoin price drop can be used for a great opportunity if we want to invest cripto money then the profits earned can be tremendous.

Simply buy as much cripto coin as possible and resell it once the cripto money price starts to rise.

[btc78]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

you will disappear first before bitcoin does 😂The lower the volume the higher the price will happen.if bitcoin comes to extinction then each price might reach even a million dollar.so never say bitcoin will disappear this will never happen in our ages,in the next generation we dont know

[Semaj123]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

you will disappear first before bitcoin does 😂The lower the volume the higher the price will happen.if bitcoin comes to extinction then each price might reach even a million dollar.so never say bitcoin will disappear this will never happen in our ages,in the next generation we dont know

Bitcoin will be forever will exist because it can't be destroy. And I agree with you that  bitcoin will never disappear especially people are now getting more interested into this technology. Bitcoin will continue to dominate in the world of digital age and also more opportunities will be open.

[Klausi]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

you will disappear first before bitcoin does 😂The lower the volume the higher the price will happen.if bitcoin comes to extinction then each price might reach even a million dollar.so never say bitcoin will disappear this will never happen in our ages,in the next generation we dont know

Bitcoin will be forever will exist because it can't be destroy. And I agree with you that  bitcoin will never disappear especially people are now getting more interested into this technology. Bitcoin will continue to dominate in the world of digital age and also more opportunities will be open.

Right, but i think no one really knows when will it end up or disappear. But, looking at the scenario of todays bitcoin economy  it is still hard to destroy instead it is more popular now that many people were already aware on its behavior and how does it work. Knowing that a lot of people were using it already therefore it will really now be stong and continue rising until it ends if theres really  an end.

[Jas18]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

you will disappear first before bitcoin does 😂The lower the volume the higher the price will happen.if bitcoin comes to extinction then each price might reach even a million dollar.so never say bitcoin will disappear this will never happen in our ages,in the next generation we dont know

Bitcoin will be forever will exist because it can't be destroy. And I agree with you that  bitcoin will never disappear especially people are now getting more interested into this technology. Bitcoin will continue to dominate in the world of digital age and also more opportunities will be open.

Right, but i think no one really knows when will it end up or disappear. But, looking at the scenario of todays bitcoin economy  it is still hard to destroy instead it is more popular now that many people were already aware on its behavior and how does it work. Knowing that a lot of people were using it already therefore it will really now be stong and continue rising until it ends if theres really  an end.

Yes, right. I think its hard for bitcoin to disappear. Its just an infant business which will still on its development stage and will grow someday. Its success may not be today but if people will continue to support it well its gonna be a success for everyone. Lets jusr cross our fingers for now, because we know that this business will really have ups and downs. Thus, being patient is value we should aquire to sustain in this kind of business

[Angna27]

I think bitcoin will not be easily disappeared or shrink regardless of human error or whatever it is up there that make it shrink, either mining or just because of price dropped, theres still a way out or that and it will eventually come back to it original condition.

[newbie-hero]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

That won't happen. The number of bitcoins is enough to provide the needs of users. The discharge of the coin allows you to accumulate a large number of Fiat. Even if the Bitcoin will cost $ 10,000,000 can be used. The reduction of available coins will stimulate the growth of prices. Bitcoin will absorb all the Fiat.

Everything can happen, even the most unexpected things that seem absolutely impossible. However, I  believe that Bitcoin will not disappear anywhere. It will remain the main digital currency on the cryptomarket.

[Deathgamer]

This is not possible. Bitcoin will not disappear eventually. people behind it have already built good foundation in the market. Millions are supporting it and it has been helping millions of people as well. This speculations will not happen ever because we can see how firm bitcoin is in the market.

[yang1782]

I'm sure there are hundreds of thousands of bitcoin lost already, mainly because folks threw them away for whatever reason due to either human error or because they thought it would be worthless in the early days.

[mrcash02]

I'm sure there are hundreds of thousands of bitcoin lost already, mainly because folks threw them away for whatever reason due to either human error or because they thought it would be worthless in the early days.

Many people have forgotten their passwords or where they put their coins since BTC was very cheap, they didn't give much attention to Bitcoin on that time and now some of them are a bit despaired trying to recover it somehow... There are many lost coins already, as you said. But I believe it's not a problem at all.

It will just make the currency becomes more and more valuable. To use Bitcoin we don't need 1 Bitcoin, we can still use it even having some millions of satoshis and in the future this amount can be even lower. Low supply is somehow good (at least for early investors), because the currency's price increases easier.

[ausbit]

People are becoming more wiser in terms of securing the bitcoin due to the fact that so many other holders of bitcoin have lost they assets in the past, and at this moment people have learn to spread the bitcoin in different places and even if they lost some part of it they will still have other saving to fall back to. So bitcon can not go out of existence.

With every passing day, the need and want of the bitcoin in the international market is increasing very much significantly and it is not only limited to that, the number of investors who are willing to invest their money into bitcoin are also increasing at a very significant rate and this is helping us making believe that bitcoin is gaining more and more fame and is not going to disappear no matter what.

[belyaevi]

I think bitcoin will not be easily disappeared or shrink regardless of human error or whatever it is up there that make it shrink, either mining or just because of price dropped, theres still a way out or that and it will eventually come back to it original condition.

This is possible in a number of scenarios :

1) Let us consider when all the bitcoins are mined. It means that no more bitcoins will be mined anymore.

2) Now major exchanges that have most of the bitcoins invested by users get hacked. All these bitcoins will go in the hand of hackers then and they will rule the bitcoin prices.

3) Some exchanges may simply run away with the money especially those in the developing countries.

However, it is true that now the prices have increased too much and thus people have become careful with their investment. They are not going to forget the wallet details like some of the early investors.

[Stavri]

i dont think so. because as soon as actual circulating supply reduce, the price is going to increase so this is not the main risk for bitcoin.
what is the difference between sending 1 bitcoin or 1000 sats if the price are same.

[Zeque02]

I think bitcoin will not be easily disappeared or shrink regardless of human error or whatever it is up there that make it shrink, either mining or just because of price dropped, theres still a way out or that and it will eventually come back to it original condition.

This is possible in a number of scenarios :

1) Let us consider when all the bitcoins are mined. It means that no more bitcoins will be mined anymore.

2) Now major exchanges that have most of the bitcoins invested by users get hacked. All these bitcoins will go in the hand of hackers then and they will rule the bitcoin prices.

3) Some exchanges may simply run away with the money especially those in the developing countries.

However, it is true that now the prices have increased too much and thus people have become careful with their investment. They are not going to forget the wallet details like some of the early investors.

Bitcoin can't disappear easily because of its continuous process. Everything is controlled which is so safe. When the value of bitcoin will go down, no need for us to be worry because it is normal in a business. One reason why it goes up because of the number of people who believed in it.

[Hopeful2017]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin may become in a small number, but there are 21 million number of bitcoin available in the internet, so it would unlikely to happen. If and when that will happen, the price of bitcoin will be very high because of the demand and supply law. If the supply is law and demand is high, the price will also high.

[richmcrich]

It won’t really be a problem, and that’s because I already made lots of profit from it. Those it will affect is those that have not earned anything from it yet, just like newbies. But there are people who have made huge profits, so even if Bitcoin disappears today or tomorrow, they wouldn’t mind.

[Jazvebtc18]

It won’t really be a problem, and that’s because I already made lots of profit from it. Those it will affect is those that have not earned anything from it yet, just like newbies. But there are people who have made huge profits, so even if Bitcoin disappears today or tomorrow, they wouldn’t mind.

Your lucky to have earned a lot in bitcoin. For a new comer  like me, we will be very affected since we have not yet earn money from this bitcoin.
In my own  thoughts, I think Bitcoin will not eventually disappear. It will be more known in the market place.  For now,  a lot of people are into bitcoin. It is trending  worldwide. It maybe volatile in price but a lot of investors are in there way to invest. Bitcoin is forever be recognize.

[gabmen]

It won’t really be a problem, and that’s because I already made lots of profit from it. Those it will affect is those that have not earned anything from it yet, just like newbies. But there are people who have made huge profits, so even if Bitcoin disappears today or tomorrow, they wouldn’t mind.

Your lucky to have earned a lot in bitcoin. For a new comer  like me, we will be very affected since we have not yet earn money from this bitcoin.
In my own  thoughts, I think Bitcoin will not eventually disappear. It will be more known in the market place.  For now,  a lot of people are into bitcoin. It is trending  worldwide. It maybe volatile in price but a lot of investors are in there way to invest. Bitcoin is forever be recognize.

Well bitcoin earnings eventually will be spent if you didm't put it in sound investments. That's the only way to say that you've benefitted from btc if ever it disappears. Though we all know that's very unlikely now right?

[sitnikov]

It won’t really be a problem, and that’s because I already made lots of profit from it. Those it will affect is those that have not earned anything from it yet, just like newbies. But there are people who have made huge profits, so even if Bitcoin disappears today or tomorrow, they wouldn’t mind.

If bitcoins disappears or say collapse ( which will happen certainly one day), a lot of people will get affected. Some of those who took loans or invested all their savings will get completely ruined ant it will take years for them to get financially stable. A lot of people who are involved in the development and promotion of alt coins will also get affected badly and they will get in debt. But the biggest effect will be on future projects like this. No one will trust on those projects easily. 

[Arabella.Theo]

The only thing in life guaranteed is death

[sirenmoon]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I think the opposite. When the Bitcoin depletes its reserves and when all the Bitcoin is mined then maybe the true usage of the Bitcoin will take the place. We are all looking at a Bitcoin as a volatile crypto which we use for increasing our profit primarily. We are doing the investments based on the current market value and also on the other side we are making the transactions but there ain't still so many places to make a transaction for something physical. The price, if the deletion is made will jump high and the true use will be discovered. Maybe the recognition of the Bitcoin currency as such will be done.

[putot]

This crypto would not end. Since it has helped millions od users already. This has built firm in the market. The demands are everywhere and sooner or later it will be used as national currency in many countries in the world. Everything will then be accessible through bitcoin.

[Ondre]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin now is starting to penetrate by  accepting it as a means of payments whether in online or stock markets, even banks. so if thats the case, government will make a way to retain it if it will become mode of payments everywhere. so i don't think it will disappear.

[akishang]

I don't think this will ever happen. Bitcoin already established itself as one of the reliable currency. Something like a human error will never happen.We are always looking for increase in bitcoin value and if that takes time to happen, some people panic and thinking that it is the end of bitcoin. We have forgotten the basics, law of supply and demand. It is only natural that bitcoin price will go up and down. If it keeps on increasing then there will be no investors.

[chengyinoing01]

They lost bitcoin, but it didn't go away. It can't disappear from your wallet.

I don't know if bitcoin will be replaced by other currencies in the future, but I know that bitcoin is still very popular so far.

[tannerchum]

Well you posted this in the "Economics" section, so let's make this about economics.

People have an amount of BTC.  The higher the value of their BTC, the more likely they are to keep it in safe locations or spread it between different places.  So the chance of them losing their BTC decreases exponentially as the price rises.

If they lose BTC, the supply decreases, therefore making the remaining BTC supply (marginally) more valuable and making people less likely to lose it.  So it never reaches a point at which there's not enough left.

So basically, no.  It's impossible.

As long as storage and transactions are handled by humans, there is no way to avoid human errors, regardless of the assets value. Sure it is less likely to be lost, the higher the value. But will it ever be totally secured just because it is of a certain high value.

I am not convinced.

Yes it is surely secured because it is appeared and many people used this as way of job. Bitcoin probably cannot be disappear if we have cooperation and go on for the exact process and it is for good of everybody. Bitcoin is a precious to many people who used as daily function and it could be a business and investment. 

[ralphmaries94]

For me. Bitcoin eventually disappear someday. Because all things in this world will become no more and will start into a new beginning.

[sparveenat]

Bitcoin eventually disappear is not possible as the users of bitcoin might make some mistakes but bitcoin is not a product just to disappear where the people invested in bitcoin will never quit as the demand of bitcoin is increasing. So saturation point is very difficult with bitocin.

[cramcram21]

If they lost their bitcoin that doesn't mean that it would be gone from the total supply ,
So I think that it would just lessen the number of supplies circulating and that means and at the same time it could lead to a higher value,
Because of the small supplies circulating plus the huge number of demands .

[charlotte04]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I doubt that, there will still be plenty. And if it does happen the supply would lessen and the demand is high, so Bitcoin would be so expensive.

[trickyriky]

I think bitcoin will not be easily disappeared or shrink regardless of human error or whatever it is up there that make it shrink, either mining or just because of price dropped, theres still a way out or that and it will eventually come back to it original condition.

This is possible in a number of scenarios :

1) Let us consider when all the bitcoins are mined. It means that no more bitcoins will be mined anymore.

2) Now major exchanges that have most of the bitcoins invested by users get hacked. All these bitcoins will go in the hand of hackers then and they will rule the bitcoin prices.

3) Some exchanges may simply run away with the money especially those in the developing countries.

However, it is true that now the prices have increased too much and thus people have become careful with their investment. They are not going to forget the wallet details like some of the early investors.

Bitcoin can't disappear easily because of its continuous process. Everything is controlled which is so safe. When the value of bitcoin will go down, no need for us to be worry because it is normal in a business. One reason why it goes up because of the number of people who believed in it.

I also see no reasons for its disappearing. In my opinion, it will be the guarantee to support the other alts. It will be alive for many years, even after the time when the last one BTC is mined, it will exist.

[mu_enrico]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

The amount of Bitcoin "lost" due to human error decrease significantly because of its value
I believe at the moment the amount of new Bitcoins mined are more than the amount of "lost"
Even when no new Bitcoin mined in the future, the amount of "lost" will be so small to affect its value

[putrii]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

i think this is the total supply of bitcoin and the total circulation of bitcoin in circulation at this time and everything does not just disappear all clearly recorded in blockchain.info

[KingdomHearts]

The only thing in life guaranteed is death

Death is compulsory and never be underestimated but here we are talking about bitcoins that are immortal. You must not consider this death factor with bitcoins because if this is the case, then one must be only thinking about death and just stick to it, being feared. Everything is still out there for you, so as the bitcoins. And we hope bitcoins will remain immortal till long time.

[alfs75]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Will actually we respect your opinion that bitcoin will eventually seize to exist or shrinks to minimal amount,but as in my own thought,bitcoin will exist for the purpose of helping the economic growth and promoting the capitalism country,by means of cryptocurrency,and i believe that  bitcoin will not shrinks,when its goes to its minimal amount,because we believe that bitcoin  would not going to that situation,instead its will pump more and never die in cryptoworld.

[Pattart]

The only thing in life guaranteed is death

Death is compulsory and never be underestimated but here we are talking about bitcoins that are immortal. You must not consider this death factor with bitcoins because if this is the case, then one must be only thinking about death and just stick to it, being feared. Everything is still out there for you, so as the bitcoins. And we hope bitcoins will remain immortal till long time.

I think death is only for living beings not for a technological development, currency, or commodity like bitcoin. you should be able to know the difference. human will die because they have age and age limitations. whereas bitcoin is not bound by time so it will not get old and die. yeah this kind of speculation just makes a lot of people scared. as long as the user continues to use bitcoin. then bitcoin will never disappear and forever survive

[JerryJam]

We all know the expression that nothing arises from nowhere and disappears into nowhere. Bitcoin has become a leader among all cryptocurrencies. Since its number in the world has a limit. And is 21 million coins. This means that one day the last coin will be mined. But with a decrease in its number, the price of bitcoin will grow. Perhaps in the future it will give rise to some new crypto coin. Another factor for the completion of bitcoin can be the situation if suddenly for some reason the Internet disappears.

[andrei214]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin cant disappear that easily specially nowadays, there were many investors and members trust bitcoin.If became a widely use even if there were many threats on it because, they have seen a big potential within bitcoin.

[superjeyy]

Let's face the fact that nothing in this world is permanent so in one way or another, Bitcoin can disappear. We have to be realistic here that nothing really lasts forever, even if technology has some way of preserving it, it will degrade over time. We are in an era that is highly dependent on technology, where crypto is an arising asset to own by anyone. Bitcoin has a bright future so it will exist for a long time and as long as it continues to be flexible or improve into something better, then we would see Bitcoin for a long time; but we should be realistic here that someday, another cryptocurrency or even something out of the blue can outshine Bitcoin and make it eventually disappear.

[trecore4]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

But have you wondered that the prices will spike like crazy when the supply will keep going down and the demand will keep rising all the time? That would be crazy to see and I think as the time will pass smart people will keep buying more and more bitcoins and they will store it crazy secured. I am very very desperate about this thought now as it could change the course of bitcoin market cap and the price that depends on it. :-)

It wont be useful thats true but those people who are still holding it will get the biggest pie of all time and will get huge money profits. They might not have to work again for generations to come. Lol.

[Joy12345]

We cant predict what will happen to the near future in bitcoin but it will not really disappear that fast because there is a process that will need to conduct. Nothing is permanent in this world, maybe bitcoin will disappear but no one can predict. As far as I know, there are more people who trusting bitcoin because of its capacity and capability and also bitcoin is a decentralized system and it has a continous higher rate in value. As long as people trust bitcoin, it will continously flow positive and smoothly. Also, bitcoin has a great help in each individual who using it.

[franzkie345]

I think this would not dissappear since we all know its already dominating the economy at present. Millions and more are interested on it and for the next 2 or 3 decades it will always be a bitcoin and eventually will have highet rates where in you will have income at the same time you learn.

Yes, bitcoin will not disappear as long as there is internet and it is being legal to other countries because people nowadays trusted cryptocurrencies, and its helping some countries for economic growth.

[Tungsten-1]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin cant disappear that easily specially nowadays, there were many investors and members trust bitcoin.If became a widely use even if there were many threats on it because, they have seen a big potential within bitcoin.

It is out of question for bitcoin to disappear forever or even temporarily. There are many big companies and businesses that have started taking interest into bitcoin on a serious note and they are even ready to pay their employees in bitcoin. All this indicates the involvement of bitcoin in business world and its penetration in the market. Such practical support to bitcoin will not let it perish away from the market of digital currencies. I am very much confident regarding its future.

[Best Dreams]

It won’t really be a problem, and that’s because I already made lots of profit from it. Those it will affect is those that have not earned anything from it yet, just like newbies. But there are people who have made huge profits, so even if Bitcoin disappears today or tomorrow, they wouldn’t mind.

You are right to some extent but I think there is no reality in the statement because bitcoin is not being disappear but it is being more and more highlight now, more people are being aware of bitcoin, they are involving crypto currency as a source of income, the trust of people is gradually developing now which in increasing the age of bitcoin, bitcoin is currency, it is saving and it is future as well, so bitcoin is a famous currency which made a lot of people rich and still has the power to give them more in future.

[Sum24]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin cant disappear that easily specially nowadays, there were many investors and members trust bitcoin.If became a widely use even if there were many threats on it because, they have seen a big potential within bitcoin.

Agree with you it is the time for the bitcoin to grow more and more, it is increasing in demand and price these days. Still more than 90% of people in my country trust bitcoin and they are making high amount of investment every month, increasing demand and the price is a sign that bitcoin will not be disappear till long, I am pretty sure we will able to see bitcoin as legal currency in a lot of countries including mine, bitcoin has many benefits for its investors so bitcoin is not going to disappear mate.

[fiomcorka]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin now is starting to penetrate by  accepting it as a means of payments whether in online or stock markets, even banks. so if thats the case, government will make a way to retain it if it will become mode of payments everywhere. so i don't think it will disappear.

I must say that bitcoin is gaining more and more better reputation with every passing day and that there is no such point of saying such kind of things that bitcoin is getting disappeared or anything like that. Bitcoin is there and will surely remain there in this very world for a very significant period of time and that it will keep on helping all of us in making a better living and helping us in having what all we need to have.

[RudeeTam]

Maybe in the future they will find a way to gain access to those "lost" coins. I'm not much into programming but the way I understand it is because of its tight security unless you know the private key to the addresses then you can't move those coins. If it weren't, security is nothing. So, we'll just see what happens.

[Bugsbey]

Well you posted this in the "Economics" section, so let's make this about economics.

People have an amount of BTC.  The higher the value of their BTC, the more likely they are to keep it in safe locations or spread it between different places.  So the chance of them losing their BTC decreases exponentially as the price rises.

If they lose BTC, the supply decreases, therefore making the remaining BTC supply (marginally) more valuable and making people less likely to lose it.  So it never reaches a point at which there's not enough left.

So basically, no.  It's impossible.

How analytical is the idea.  The existence of bitcoin really depends on the community. As long as the community uses, needs and wants it then bitcoin will not disappear. The law on supply and demand also applies to this.

[keeee]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

In my own opinion, I think bitcoin will end in the future because of its limited amount. If that will not happen in the future, it may experience downfall and will not be famous any more. There will be other crypto currencies that will surpass the features and capabilities of bitcoin.

[chocolah29]

Well you posted this in the "Economics" section, so let's make this about economics.

People have an amount of BTC.  The higher the value of their BTC, the more likely they are to keep it in safe locations or spread it between different places.  So the chance of them losing their BTC decreases exponentially as the price rises.

If they lose BTC, the supply decreases, therefore making the remaining BTC supply (marginally) more valuable and making people less likely to lose it.  So it never reaches a point at which there's not enough left.

So basically, no.  It's impossible.

They lose that bitcoin but it is not gone. It cant just disappear from wallet. The fact that the person cant acces the wallet doesnt mean the bitcoins doesn't exist. Yeah, bitcoin price is partially determined by the total supply but if you lost your bitcoins wallet thats not going to decrease the total supply. It will remain the same. The price grows every day because it is harder and harder to mine it not because bitcoins are lost every day

Exactly and if someone's bitcoin loss it will disappear forever and if disappearing bitcoin can affect the supply, well maybe we still have a high supply yet this won't happen.

I don't know what OP in his mind for asking this, maybe he's not just aware how the demand and supply dictates the value of bitcoin and it actually apply to all things and this how the law of supply and demand works.

[SixOfFive]

I don't believe that human error can occur on such a large scale on the same time. This situation is practically impossible to happen. Its an hypothetical situation which has baseless argue. As per this situation anything can happen in this world, All Banks severs can crash at same moment, and have endless possibilities.

[TravelMug]

I don't believe that human error can occur on such a large scale on the same time. This situation is practically impossible to happen.

Yes. Those human error mostly happened in the past. Because those most of the early holders didn't see that bitcoin will go as high as $19K in the future. So they throw their desktops, others formatted their pc, etc.

And the lost bitcoin will somewhat add to the price of bitcoin in the positive. Because bitcoin is very scarce and the closer we get to 21M coins, the bigger the price. So I don't think that bitcoin will just disappear. It will be rare in the future that will push its price to new heights.

[futuret]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

In my own opinion, I think bitcoin will end in the future because of its limited amount. If that will not happen in the future, it may experience downfall and will not be famous any more. There will be other crypto currencies that will surpass the features and capabilities of bitcoin.

This is really so absurd to wonder even in the wildest thoughts that bitcoin is going to disappear form the world gradually. Bitcoin has given people a new hope of living their dreamed lives and make their future brighter than the brightest diamond in the world. bitcoin has the support of public, common man is taking maximum advantage of this currency so I don’t think so, any entity or authority in the world is strong enough to remove bitcoin forever.

[thevlox]

No bitcoin will not be able to disappear. Thinking technically, bitcoin that turns out to be very popular in a coin has become a coin. There is a lot of names in Bitcoin all over the world. And bitcoin's success does not end. Bitcoin is also being used in the banking side. So we can say bitcoin may not be disappear.

[dankboner83]

I think we still have some ways to deal with it.
As other altcoins, we can still figure out coins that are 'dead', or coins that in wallets that are inactive, and ignore them by making a swap for the new coins to take over.
Or if it  actually gets destroyed, we will just stop using it as we have a lot of other coins to make use of.

[Kingsingle]

BTC can hardly disappear from this world, I believe they will last forever and thrive in the next few years.

[Samohunk]

Well, in this 3rd quarter of 2018 Bitcoin may become in a small number, but there are 21 million number of bitcoin available in the internet, so it would unlikely to happen. If and when that will happen, the price of bitcoin will be very high because of the demand and supply law. If the supply is law and demand is high, the price will also high. Just have faith, and keep the good work.

[Zadeket]

Maybe in the future they will find a way to gain access to those "lost" coins. I'm not much into programming but the way I understand it is because of its tight security unless you know the private key to the addresses then you can't move those coins. If it weren't, security is nothing. So, we'll just see what happens.

Bitcoin is hacked, like money at a stolen ATM. So security is our own responsibility. It's better to save Bitcoin in an offline wallet, because it's safer. In addition to the code stored in the software, you must save it manually, to avoid damaged software. If the code is lost, the bitcoin is lost.

[lelylely]

Maybe that can happen if everyone on crypto thinks bitcoin is meaningless and that will reduce the value of bitcoin. But before you have such thoughts, you must see the popularity of bitcoin and bitcoin being the most valuable in crypto, so bitcoin will not be lost.

[spongegar]

Maybe so, but if that should happen (and that's a long shot) then the price of the unowned Bitcoin will skyrocket since everyone else owns or lost it. But it will not be healthy if Bitcoin didn't circulate so by the time that almost all Bitcoins are lost, we have moved on to another coin or better yet, had a more sophisticated verification retrieve lost coins.

[bce]

It could happen, as there really is a low circulation of whole bitcoins in the world compared to the amount of people. Over time a lot of them will be lost and have been lost already, I'm not sure many people will like to use tiny decimal amounts in the long run. You could also argue that bitcoin is the first iteration of a working digital currency and it seems inevitable that an improved implementation will take the market share.

no one knows for sure the development of cryptocurrency information that says bitcoin will be lost often we hear and see even years ago, but in fact it can still be accessed and invested

[AlexKr]

It is interesting for me. People deliberately spread panic in order to achieve even greater fall of BTC, or do they really think so ?. I am sure that nothing will happen to BTC, because there is too much money here.

[fauzan Ichsan]

It is interesting for me. People deliberately spread panic in order to achieve even greater fall of BTC, or do they really think so ?. I am sure that nothing will happen to BTC, because there is too much money here.

with the increasing number of bitcoiners, then it is difficult to move the market significantly with its funds. so they make negative news about it, and move bitcoiner's panic to achieve the goals they want

[squog]

That is true! I didn't think about that. But with the supply now and people learning fron their  mistakes i think it will take a while before that happens. Once that happens maybe we'll see different scenarios. One will be that Bitcoin will lose value and we'll look at a different coin or we'll use a more sophisticated verification to retrieve lost coins.

[reality18]

Bitcoin is not going to disappear. Despite the numerous attacks coming from the media, banks and governments, Bitcoin has proven to its investors beyond all doubts by stabilizing its price range between $6500 to $6700. Bitcoin is gradually and strategically growing its support from the investors and with time, BTC will become the most valuable coin on the market.

[Capt00]

I think bitcoin was not eventually disappearing, it is stored with someone else wallet and stored, and some are numbers are in bitcoin miners storage. It is impossible to happen that it will disappear, perhaps it will be long-term existed because people are already trusted on this coin a digital currency. They think that it will more much profitable after how many years of holding, just like an asset.
And I personally believed that this digital money(bitcoin) will have a great value near in the future.

[jademaxsuy]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Maybe it will be the opposite since the bitcoins with low amount of supply means a higher market price increase in the near future. This will relatively help the bitcoin market price to move that high and if ever it will reach to 30% of bitcoin that has been lost then bitcoin dev could create a bitcoin 2 to and then merge in with the original bitcoin. This will help the bitcoin supply to grow more.

[wahyu wida]

I think bitcoin was not eventually disappearing, it is stored with someone else wallet and stored, and some are numbers are in bitcoin miners storage. It is impossible to happen that it will disappear, perhaps it will be long-term existed because people are already trusted on this coin a digital currency. They think that it will more much profitable after how many years of holding, just like an asset.
And I personally believed that this digital money(bitcoin) will have a great value near in the future.

i think like that too. more and more countries are introducing bitcoin to their communities, and this will grow later. with the increasing number of bitcoin users, it certainly makes bitcoin grow better

[senin]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Of the 17 million bitcoins already mined, more than six million are considered lost forever. Given the rise in the price of Bitcoin, people will treat it more carefully, but this will not exclude its further losses anyway. Therefore, of course, over time, the number of bitcoins in circulation will decrease, if you do not take into account its further production, and this will have a certain impact on the increase in its price.

[gambitcoin53]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

nope, it does not work that way, remember the rule on economics, if the supplies decreases, the price will increase, and when the supplies ran out, but the demand stays as is, in case bitcoin was lost due to inaccessible wallets, still, it is considered on the total market supplies, bitcoin cannot have a fixed number because bitcoin can be mined. and it can never be useless even when it reaches its low price, someone will buy it then the cycle continues, it is where bitcoin survive, the traffic that was created buy the buying and selling activity of the users. 

[PlusOne88]

I see this possibilty far from happening in the real world. Maybe it could happen if 90 percent of the total volume of coins is lost. With the very big supply that bitcoin holds it really quite impossible  to lose that much. If this is intended to be a FUD then this for me could be the funniest joke I have read! Thanks!

[Nelsonmedias11]

I don't think so, Bitcoin has existed for many years although its value may be up and down but it always has an important position in every investor. Maybe the years or next time there will be certain changes in the cryptocurrency market. However, personally, I don't think bitcoin will disappear.

[inding]

I think this is the wrong view. Market ups and downs are very normal. Bitcoin will land when it takes off, so there is no big prize, but it won't disappear.

[Google+]

if bitcoin disappears then I'm sure there will be a lot of people who lose because bitcoin prices will surely collapse and make a lot of people depressed but in some places there are still many who are looking for bitcoin so that the circulation of bitcoin will not disappear as long as the bitcoin network still exists.

[yitzjoe]

the basic logic is that fixed bitcoin is with a clear and definite supply, when there is a death in some bitcoin holders and the wallet is not inherited then bitcoin cannot fill the market, and this can happen when we lose the private key or the bitcoin access key which we finally unable to fully access the bitcoin, but not all will die and lose the key intentionally and as a result of this is a permanent supply but the availability of bitcoin is reduced, of course the price will increase

[Brunusmagnus]

Whatever on this planet is destined to disappear.
Even the planet itself ...
If this happens in a year, between a thousand or a million I do not know.
I try to take advantage of it now ...

[Vritesh]

No i don't think so that bitcoin will disappear because till now it has become the best investment asset. Bitcoin has given alot to people so how it can disappear. No doubt these days price value is very less but still it has the potential to come back on its track and give the maximum number of profits to the investors. Ups and down are eveywhere and they are the big part of market. So according to me bitcoin can't disappear.

[ichai]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I think it is always useful. Now it has gone too deep into the machinery of businesses and mafia organizations. I believe the mafia organizations are holding the most BTC and they are also one of the ingredients that make Bitcoin prices always fluctuate. Bitcoin's future is great if there is always a strong capital base from such organizations.

[lamadu3]

It is interesting for me. People deliberately spread panic in order to achieve even greater fall of BTC, or do they really think so ?. I am sure that nothing will happen to BTC, because there is too much money here.

with the increasing number of bitcoiners, then it is difficult to move the market significantly with its funds. so they make negative news about it, and move bitcoiner's panic to achieve the goals they want

I never pay attention to the bad news as I realize, most of this information is not true. I am sure, Bitcoin will not die even in many years when the last BTC is mined.

[Leocrypto da Vinci]

Bitcoin may disappear, and in its place a new coin will be born, with more advantages (I would have bet on Ethereum, but in recent times it is not good), but surely the crypts will not disappear.
So, let's hold on, and look for the best options.

[Kamote_1102]

I don't think it will happen. Bitcoin will stay no matter what happens in it. it may face it's toughest situation but it will always survive for sure. I believe that Bitcoin will stay forever in the crypto World. that's for sure.

[Bonsaiav]

Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

When the amount of bitcoin supply shrinks, bitcoin will still be useful, even at that time the price will become more expensive.

Bitcoin may disappear, and in its place a new coin will be born, with more advantages

Bitcoin's not possible will disappear in the near future and bitcoin will remain there at least up to 50 years to come. Almost every month new coins are born, the fact that none of them can replace bitcoin.
If, bitcoin will be replaced, by another coin then the address of the destruction of the global cryptocurrency cannot be maintained anymore.

[Rooster101]

BTC can hardly disappear from this world, I believe they will last forever and thrive in the next few years.

Bitcoin will only disappear or cease to function as a currency when we there is no more investors to support its existence. Bitcoin will continue to exist as long as there are still demand for it and only time can tell when will bitcoin cease to function as a virtual currency. If bitcoin disappear, the whole cryptocurrency market might get affected and it takes time to recover again and worst, the market would never be the same again if bitcoin is gone.

[Morning honor]

No one can predict until when bitcoin will be existed,but as long as many who supports and investors bitcoin will never be dissappear,.
As we know bitcoin is still a long time living currencies from how many years past by up to now and it is still in demand by global.,his is my point of view and when theres a technology bitcoin is still be a part of our daily needs.

[KingdomHearts]

Maybe that can happen if everyone on crypto thinks bitcoin is meaningless and that will reduce the value of bitcoin. But before you have such thoughts, you must see the popularity of bitcoin and bitcoin being the most valuable in crypto, so bitcoin will not be lost.

Unfortunately, I doubt if a day like that will ever come considering the fact that so many people are actually looking up to the fact that cryptocurrency right now is the future of payment and we are beginning to see a lot of government in most countries trying as much as possible to accept it, adopt it and benefit greatly from it.

We are far from the level at which we can start thinking of bitcoin eventually disappearing, as long as real life usage kicks in, adoption takes the top notch and then we see a lot of people getting to use it in their everyday lives, the disappearing thing will not even come to mind at all.

[francedeni]

No one can predict until when bitcoin will be existed,but as long as many who supports and investors bitcoin will never be dissappear,.
As we know bitcoin is still a long time living currencies from how many years past by up to now and it is still in demand by global.,his is my point of view and when theres a technology bitcoin is still be a part of our daily needs.

I agree bitcoin existed for many years now and it cannot easily disappeared. As long people or users involced in bitcoin it will be existing. When dump of price happen btc can arise it’s value.

[Twentyonepaylots]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

This is possible in a sense of "active coins". Because of human error they might forget that they do have a bitcoin and they may forgot also the passwords, seeds , email account, exchanges accounts, let's say that 21 million coins were already finished mining and there are 300 people which each of them has 1 bitcoin and unfortunately forgot where is it now, 300 x 1 =300 bitcoins,  does this mean that 21 million bitcoin will now be decreased because of human error? , the answer is no, it's still 21 million yet the 300 bitcoin is not active , same with the holders who just holds their bitcoin. Therefore, the active coins that are currently flowing may decrease because of the holders and the people who forgot they have bitcoin but the total amount of bitcoin will never decrease.

  I don't think so, Bitcoin is one the most stable coins among all other crypto as posted in the market, yes, we've have seen the drops on its price value as posted in the market yet market corrected itself soon after the drop. Bitcoin will be here with us for a long period of time, it started somewhere in 2008-2009 and we've seen now how it remains on the top of crypto currency world.

[wozzek23]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

That’s not possible, it’s not going to happen. But assuming it happens, when there are a lot of lost Bitcoins, I think it will make the price of those available to increase, meaning that Bitcoin will get costly. That Bitcoins get lost doesn’t mean that everything will disappear just like that and there wouldn’t be any left to be used. And trust me, the devs will always find a way to tackle any problem that comes their way.

[upsidedown75]

It could happen, as there really is a low circulation of whole bitcoins in the world compared to the amount of people. Over time a lot of them will be lost and have been lost already, I'm not sure many people will like to use tiny decimal amounts in the long run. You could also argue that bitcoin is the first iteration of a working digital currency and it seems inevitable that an improved implementation will take the market share.

no one knows for sure the development of cryptocurrency information that says bitcoin will be lost often we hear and see even years ago, but in fact it can still be accessed and invested

Apparently, no one can tell what the future holds, but when it comes to the future of cryptocurrency, we can at least deduce what the future could be like judging from now onward.

We cannot actually tell exactly what will be happening but one thing for sure is that this market is developing and growing gradually, which I so much believe that in a very short time, we will start seeing mainstream adoption becoming a thing, and looking at how institutions, banks, government and countries are looking to be a part of it than fight it, it just makes things a whole lot better.

[skish85]

Perhaps some certain part of bitcoins will disappear, but not all of this is for sure.Most people organize their activities with maximum responsibility, so this will not happen.

[voltesbit777]

Probably, as long as there are bitcoin users still buying it continuously. I don't think that bitcoin will disappear, as far as I know when the demand increase the price value will increase also. Then, it not because the value of bitcoin will get dump it doesn't mean it will be gone of course not!

[Captain Sneeze]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin will not disappear just like a bubble because as long as many people needs a bitcoin and patronizing bitcoin the bitcoin will increase because the demand of it will increase so I think of disappearing of bitcoin is not really possible.

[ngalamunan]

I think this is the wrong view. Market ups and downs are very normal. Bitcoin will land when it takes off, so there is no big prize, but it won't disappear.

in my opinion this is a wrong view of bitcoin. bitcoin won't end at any time. if bitcoin will be lost maybe other coins will be affected in investing.

[ace1105]

I think this is the wrong view. Market ups and downs are very normal. Bitcoin will land when it takes off, so there is no big prize, but it won't disappear.

in my opinion this is a wrong view of bitcoin. bitcoin won't end at any time. if bitcoin will be lost maybe other coins will be affected in investing.

Bitcoin will never end. I have a strong feeling that it will recover again soon. We just need to believe and keep hoping that more and more new investors will gonna support bitcoin.

[AlexKr]

In the end, we all disappear. There is nothing eternal. I do not think that BTC will disappear in the near future.

[metalglowd]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I think bitcoin doesn't disappear, it's just that people's awareness of how valuable bitcoin is is still very low, you can imagine how people have a lot of bitcoin. hundreds to thousands, but they sell cheap or forget their account password. then what is the current condition?
that is what should be solved, the bitcoin that still settles in a random wallets without the owner itself forgot its key

[Snaic]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

The number of bitcoins due to various losses will certainly decrease. However, I think it’s too early to worry about it. To date, about 17 million bitcoins have been mined. Lost are about 6 million. Due to the increase in the cost of Bitcoin, its safety will be treated more carefully and their total number will also decrease more slowly. Together with those that will be mined, there will be about 15 million bitcoins. Even if in thirty years their total number decreases to 10 million, they will walk all the same, their cost of decreasing the total number will only grow.

[yvesp110]

I think this is the wrong view. Market ups and downs are very normal. Bitcoin will land when it takes off, so there is no big prize, but it won't disappear.

in my opinion this is a wrong view of bitcoin. bitcoin won't end at any time. if bitcoin will be lost maybe other coins will be affected in investing.

For sure if they will make bitcoin disappear so they should remember than bitcoin is the mother of all other coins, so it is controlling and ruling on the entire crypto market and it will never get disappear, in my thinking this kind of news are only to listen but not to believe because it does not make any sense to me for me bitcoin is an every green currency and best investment ever.

[ELOCIN]

Contrary to that, bitcoin will eventually replace fiat currency in the coming years and bitcoin's existence will go on. That's my opinion too so i don't really care about FUD and other negative opinions on bitcoin because that's their opinion too.

[solkinsolali]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

You are partially correct. If people continue to die with their private wallet sees and password, the amount of Bitcoin actually in use will keep on decreasing with time.

[joyclicks]

I don't think it will happen. Bitcoin will stay no matter what happens in it. it may face it's toughest situation but it will always survive for sure. I believe that Bitcoin will stay forever in the crypto World. that's for sure.

Yeah I also think that it will never disappear because it is the future currency of the world and yes I admit that all other currencies will disappear from the market. Bitcoin will be there forever. Some people spread disappointment among people, may they want that bitcoin should not be the global currency and to prevent people from investment it will disappear automatically from the market.

[Topcarey]

That is true! I didn't think about that. But with the supply now and people learning fron their  mistakes i think it will take a while before that happens. Once that happens maybe we'll see different scenarios. One will be that Bitcoin will lose value and we'll look at a different coin or we'll use a more sophisticated verification to retrieve lost coins.

What do you mean by disappearing bitcoin? Do you want to say that if the price drops more and more it will disappear one day? I think differently than you. I think that the price of bitcoin will not drop than $6000 and with the passage of time it will increase again. I am not saying about any bump in the price but when the market cap increase the price will also increase. 

[breathlessz]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

You are partially correct. If people continue to die with their private wallet sees and password, the amount of Bitcoin actually in use will keep on decreasing with time.

with diminishing supply, of course, prices will soar up. but of course if later it is accepted by all countries, of course there will be policies to safeguard development of bitcoin

[iv4n]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

You are partially correct. If people continue to die with their private wallet sees and password, the amount of Bitcoin actually in use will keep on decreasing with time.

with diminishing supply, of course, prices will soar up. but of course if later it is accepted by all countries, of course there will be policies to safeguard development of bitcoin

It`s correct that less bitcoins in circulations is actually a good thing for the people who have some bitcoins, less supply and high demand will push the price up. What I don`t understand is what countries can do about bitcoin? It`s not up to them, everything depends from miners and what they agree to do with chain. You need to learn a lot about bitcoins, bitcoin forks, and who have a vote on the network, countries can just watch if they don`t have some hash power under their control. Bitcoin will not die, this is just some not so logical thought in op`s mind, don`t spread spam and mix things in your head, inform yourself about bitcoin before making this kind of statements.

[goodluck0319]

bitcoin at some point can simply stop spinning in the usual turnover among ordinary people, because it will be used for storage

[t3ChNo]

I doubt it will. BTC will continue to evolve as well as we may be able to see more adoption from common folks.

[SirLancelot]

I think this is the wrong view. Market ups and downs are very normal. Bitcoin will land when it takes off, so there is no big prize, but it won't disappear.

in my opinion this is a wrong view of bitcoin. bitcoin won't end at any time. if bitcoin will be lost maybe other coins will be affected in investing.

I think many people are focusing on the aspect of "bitcoin may disappear but for that to happen something better must come" but they are forgetting one key thing. Bitcoin is already something new, it is not a 100 year old thing, its just 10 years (not even) since it came out, gold has been around forever, dollar has been valuable since 60's and definitely since 80's as well, here we have bitcoin that came out almost 10 years ago and you are thinking about something that could overthrown it.

It won't happen easily I can tell you that, whatever comes up that will overthrown bitcoin must be out there for a long time and needs to take its sweet time before it can even reach to its levels, it won't happen overnight at all. Considering all of this we can safely sleep at nights knowing bitcoin will be here for a long time.

[bitcoinrays]

Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

When the amount of bitcoin supply shrinks, bitcoin will still be useful, even at that time the price will become more expensive.

Bitcoin may disappear, and in its place a new coin will be born, with more advantages

Bitcoin's not possible will disappear in the near future and bitcoin will remain there at least up to 50 years to come. Almost every month new coins are born, the fact that none of them can replace bitcoin.
If, bitcoin will be replaced, by another coin then the address of the destruction of the global cryptocurrency cannot be maintained anymore.

The world is turning towards digital currency and you are talking about the disappearance of cryptocurrency. It will never happen because now people have understood the importance and benefits of cryptocurrency. In the near future you will more and more people investing in cryptocurrency not only for earning profits but also for worldwide use as regular currency.

[heleng05]

I don't think it will gonna dissapear when his value shrinks and it will still helpful to people like how we use it in our daily basis. I think more people will get interested in joining bitcoin in the end of the day as we can see after a decade his still processing to grow.

[jestbenen8]

Bitcoin is not going to disappear. Despite the numerous attacks coming from the media, banks and governments, Bitcoin has proven to its investors beyond all doubts by stabilizing its price range between $6500 to $6700. Bitcoin is gradually and strategically growing its support from the investors and with time, BTC will become the most valuable coin on the market.

Bitcoin will take over the market in the future and all other currencies will disappear from the market. Bitcoin will the future currency and I don’t lose patience, courage and trust in bitcoin. I believe it the most and believe also that it will be regular currency for the entire world in the coming future. You should wait for more time to see the facts about bitcoin.

[BitcoinCommodor]

I think this is the wrong view. Market ups and downs are very normal. Bitcoin will land when it takes off, so there is no big prize, but it won't disappear.

in my opinion this is a wrong view of bitcoin. bitcoin won't end at any time. if bitcoin will be lost maybe other coins will be affected in investing.

Bitcoin will never end. I have a strong feeling that it will recover again soon. We just need to believe and keep hoping that more and more new investors will gonna support bitcoin.

Bitcoin is there if you want to have some Bitcoin you will need to buy it on any price you want as there are no restrictions over it. Bitcoin is available if your savings are enough for its current price and moreover its current price is highly affordable because it is in its low market right now. These are irrelevant news spreading about the Bitcoin in order to reduce demand for this business but those who understand this source will ignore such news.

[margaret22]

I have read about, that there is about 4million Bitcoin lost already. And this number will continue to grow, no doubt. But I think the speed of losing Bitcoin will be much slowlier now, that it worth a lot, and also, if if the circulating supply decrease, it will only mean the price of Bitcoin increase IMO.

[Naughty Princess]

No i don't think so that bitcoin will disappear because till now it has become the best investment asset. Bitcoin has given alot to people so how it can disappear. No doubt these days price value is very less but still it has the potential to come back on its track and give the maximum number of profits to the investors. Ups and down are eveywhere and they are the big part of market. So according to me bitcoin can't disappear.

I agree. It would never disappear  easily. Many are benefitting for it and keep believing for the potential of the coin. Many people are seeking for it to invest and I believe they are find it as investment and making more time to decide when to invest on it because it is very volatile. Bitcoin would have big contribution on us and it will make more improvement.

[syamster]

I doubt it will. BTC will continue to evolve as well as we may be able to see more adoption from common folks.

Same as you I think bitcoin is hard to get disappear it is getting high in value and price with time as more people are adopting it, with the passage of time, as I have noticed bitcoin has become more valuable and more profitable than before all of us should take part in making it stronger, so as time passing the popularity and the fame of bitcoin is increasing even more.

[Delmore]

I think this is the wrong view. Market ups and downs are very normal. Bitcoin will land when it takes off, so there is no big prize, but it won't disappear.

in my opinion this is a wrong view of bitcoin. bitcoin won't end at any time. if bitcoin will be lost maybe other coins will be affected in investing.

I think many people are focusing on the aspect of "bitcoin may disappear but for that to happen something better must come" but they are forgetting one key thing. Bitcoin is already something new, it is not a 100 year old thing, its just 10 years (not even) since it came out, gold has been around forever, dollar has been valuable since 60's and definitely since 80's as well, here we have bitcoin that came out almost 10 years ago and you are thinking about something that could overthrown it.

It won't happen easily I can tell you that, whatever comes up that will overthrown bitcoin must be out there for a long time and needs to take its sweet time before it can even reach to its levels, it won't happen overnight at all. Considering all of this we can safely sleep at nights knowing bitcoin will be here for a long time.

I think it is totally nonsense. If somebody has a problem with bitcoin or cryptocurrency he should not put his money in it and quit this world forever. With the passage of time he would understand the importance of bitcoin and then may the price be more than $30000 and not able to buy even satoshi. I believe bitcoin the most and think that bitcoin is the future currency.

[Akpuv]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Your reasoning is quite funny. But it is the truth. Imagine when people hide their secret keys and passwords then die accidentally. Those their coins will be stuck forever in the wallet without access. If this similar trend continues from years to years and from generation to generation, the 21 million BTC may just shrink to an unimaginable quantity and scarcity.

[tannerchum]

Many of us experience like that and no one will be blame of that because its a human error. A holder's careless attitude. Crypto is to critical and risky in all type of market. As a lesson in that mistakes, we must all take good care of all wallets.

[BitcoinGuruOne]

This not real, because it just wont happen, most people have backups and their assets in different wallets as well thus they lose their assests extremly rarel. Also think  of that BTC could be divded quite much, the rest of btc ( not lost) will just have bigger value.

[patarfweefwee]

I don't know about that. I'm pretty sure that in the future we will see a more sophisticated wallet thathas a state of the art way of verifying users so they could access their wallets even if they lost their log ins. Besides, if BTC does dissapear, I'm pretty sure that another Crypto currency will take it's place in the market as king.

[awik p]

I don't know about that. I'm pretty sure that in the future we will see a more sophisticated wallet thathas a state of the art way of verifying users so they could access their wallets even if they lost their log ins. Besides, if BTC does dissapear, I'm pretty sure that another Crypto currency will take it's place in the market as king.

i don't think that will happen. if bitcoin is lost then the other coins will disappear too. considering bitcoin is the back of other coins. For example a bubble occurs, of course other coins will join bubble too

[waynechong1995]

Well naturally valuable things tends to be safe guard more properly, and lesser supply of bitcoin raises its price to coupe with demand, kinda impossible if you are referring human errors that vanishes bitcoin, probably some a mega EMP that stop all telecommunication devices in the world could achieve that, i would probably safeguard my bitcoins like gold and thats an effort from me xd

[Violettochka]

I don't think so. People tend to lose things but believe me when BTC limit is achieved the price will be so high the holders will treasure it more than ever.

[rickyNmorty]

Well you posted this in the "Economics" section, so let's make this about economics.

People have an amount of BTC.  The higher the value of their BTC, the more likely they are to keep it in safe locations or spread it between different places.  So the chance of them losing their BTC decreases exponentially as the price rises.

If they lose BTC, the supply decreases, therefore making the remaining BTC supply (marginally) more valuable and making people less likely to lose it.  So it never reaches a point at which there's not enough left.

So basically, no.  It's impossible.

I agree. This is a simple supply and demand law. If the supply increases smaller value of the demand increases higher value. And also we can see how people become productive with the use of bitcoin, therefore we can conclude that it is efficient in a way that it is helping people big time.

[Indai24]

The OP's topic may be what others thinking about bitcoin and that's okay because we both have different perspective regarding bitcoin and the rest of alternate cryptos. I stand on the other side as i continuously holding my bitcoin and other cryptos because i believe, bitcoin will still exists for so many years.

Same here, these are just statement coming from a bitcoin hater, and those who believe in bitcoin will never be destructed whatever happens.

[kidoseagle0312]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin will only be gone if all bitcoin believers will stop using it. However the total supply of bitcoin was fixed which is your right in the matter anyway. But since the market now was not in good scenario it doesn't mean that bitcoin will be disappear in my opinion only.

[senin]

In the end, we all disappear. There is nothing eternal. I do not think that BTC will disappear in the near future.

Just because bitcoin does not disappear. There must be good reasons for this. Despite the fact that by this time, due to various reasons, more than six million bitcoins have been lost, they will be enough for everyone. It all depends on what price you want to pay for Bitcoin.
In addition, now there are a lot of promising coins and tokens, this will weaken the demand for Bitcoin, over time it will become a coin for making very large transactions.

[randyg29]

I don't think it will happened many people will still use it because they now how useful it was in our economy and our community. And I think more people will come and support the growing community of bitcoin once it get back the stable value in the market.

[Nnedaddy1]

I disagree with you on that.
Bitcoin can never disappear not any time soon.
Bitcoin is just at it's early developmental stage with lots of inconsistentences and movements, I understand your sentiment.
Be rest assured that Bitcoin has come to stay.

[$anounimus$]

it seems that it will take a very long time to be able to delete bitcoin from the earth and that is also very difficult because when in the world it still has internet and still has electricity resources, the bitcoin will still be circulating and will still be used.

[Adhichan]

it seems that it will take a very long time to be able to delete bitcoin from the earth and that is also very difficult because when in the world it still has internet and still has electricity resources, the bitcoin will still be circulating and will still be used.

to make bitcoin die i think this is impossible things to do.bitcoin and blockchain technology already give huge benefits for developtmen technology in digital currency.

[jeniferqueen0409]

it seems that it will take a very long time to be able to delete bitcoin from the earth and that is also very difficult because when in the world it still has internet and still has electricity resources, the bitcoin will still be circulating and will still be used.

to make bitcoin die i think this is impossible things to do.bitcoin and blockchain technology already give huge benefits for developtmen technology in digital currency.

No one can make the dead bitcoin except for a better absolute foundation born, replaced and accepted all over the world.This is impossible in the next few decades.

[Cherylstar86]

it seems that it will take a very long time to be able to delete bitcoin from the earth and that is also very difficult because when in the world it still has internet and still has electricity resources, the bitcoin will still be circulating and will still be used.

Bitcoin has already made wave and noise from across the world. It has changed the lives of many and in bringing quality of life. The evolution of technology can have a very big impact in the growth and continued innovation of Bitcoin. It has already gained trust from the public and can potentially soar higher as its demand is tremendously increasing.

[nambunamba]

Well you posted this in the "Economics" section, so let's make this about economics.

People have an amount of BTC.  The higher the value of their BTC, the more likely they are to keep it in safe locations or spread it between different places.  So the chance of them losing their BTC decreases exponentially as the price rises.

If they lose BTC, the supply decreases, therefore making the remaining BTC supply (marginally) more valuable and making people less likely to lose it.  So it never reaches a point at which there's not enough left.

So basically, no.  It's impossible.

Yes i do think bitcoin has a certain value but lets talk about development and the use of the bitcoins, do you think bitcoin still have a good project compared to others? i think XLM and ripple have a better development in terms of transactions projects and also there is a lot of new stable coins for crypto trading pairs. I do think bitcoins will remains but in terms of developments and investments there is a lot of coins that offers same project with more advantages than bitcoin.

[mensahkkofie]

There is nothing like disappearance in the world of blockchain technology. Bitcoin has come to stay and the best is still yet to come. In economics, when a commodity is in short supply, the price obviously goes up and this has always been the case in every society and this can easily be applied in crypto too.

[dawai asmara]

There is nothing like disappearance in the world of blockchain technology. Bitcoin has come to stay and the best is still yet to come. In economics, when a commodity is in short supply, the price obviously goes up and this has always been the case in every society and this can easily be applied in crypto too.

like items, the fewer items, the more sought-after and more expensive so the fewer Bitcoin supplies, the more valuable Bitcoin.

it is true that the possibility of Bitcoin will run out, but the team must have anticipated that, they have their own way of dealing with it. maybe BCH can be an imitation of Bitcoin or Bitcoin is changed to BCH. only a different name but the quality is the same.

[UchihaRukawa]

Bitcoin will only stop having value when the cryptocommunity doesn't support it anymore, but I think, if the people would still buy and hold bitcoin then I think it wouldnt lose its value. Now that Bitcoin is on a down trend or I can say in a stagnant state, peole are starting to invest in other coins but there are still lots of people patronizing bitcoin.

[Douglasyukanov]

Bitcoin can be lost if users cannot use their Bitcoin wisely, sometimes they are negligent in storing private keys.
loss in the form of price volumes also has an effect
for bitcoin holders.
 

[MFahad]

There is nothing like disappearance in the world of blockchain technology. Bitcoin has come to stay and the best is still yet to come. In economics, when a commodity is in short supply, the price obviously goes up and this has always been the case in every society and this can easily be applied in crypto too.

Many people are saying this for last few years that bitcoin is a bubble and it will be disappeared sooner or later. I would like to tell you that it can never happen. Blockhain technology and bitcoin itself will stay here and eventually  be able to replace the fiat currencies.

[awik p]

There is nothing like disappearance in the world of blockchain technology. Bitcoin has come to stay and the best is still yet to come. In economics, when a commodity is in short supply, the price obviously goes up and this has always been the case in every society and this can easily be applied in crypto too.

Many people are saying this for last few years that bitcoin is a bubble and it will be disappeared sooner or later. I would like to tell you that it can never happen. Blockhain technology and bitcoin itself will stay here and eventually  be able to replace the fiat currencies.

indeed there are many who speak like that, including finance minister in my country. this can indeed hinder development of bitcoin, because many investors are finally afraid to invest, because of attitude of government. and until now this fear has not been proven

[RockHenki]

I'm not sure whether bitcoin exists forever or not, but I think virtual currency is gradually evolving so in my opinion bitcoin can not disappear. It is growing more and more in the future, how can it disappear right? More and more people are entering the technology, the bitcoin becomes essentially not losing as much as the real money.

[ongkok87]

Bitcoin can be lost if users cannot use their Bitcoin wisely, sometimes they are negligent in storing private keys.
loss in the form of price volumes also has an effect
for bitcoin holders.
 

it is true because if there are no users and those who are interested, then the bitcoin can be lost, but if there are still users then the bitcoin will definitely be there at any time while there are still those who use it. because bitcoin depends on the interest and users

[Silberman]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

That is not correct for several reasons, to begin with satoshi knew of this and stated that lost coins should be seen as a small contribution to the rest of the people that are holding bitcoin, that those bitcoins are lost makes the rest of our coins even more valuable, and finally even if the chance is very low those coins are not completely lost because there is a chance that in the future a person may generate exactly the same private key and could recover those lost coins.

[akram143]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

That is not correct for several reasons, to begin with satoshi knew of this and stated that lost coins should be seen as a small contribution to the rest of the people that are holding bitcoin, that those bitcoins are lost makes the rest of our coins even more valuable, and finally even if the chance is very low those coins are not completely lost because there is a chance that in the future a person may generate exactly the same private key and could recover those lost coins.

Why people are saying Bitcoin will die soon from the previous past years there is a big hope from the people will be given to the same cryptocurrency but in single year there is a big changes in the minds of the investors but this is not a dog with kind for my opinion and it will be definitely came to the normal level soon and hoping to be it works.

[basyang]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Personally, I am sick of reading that bitcoin will die and disappear. Why? its because Bitcoin is in downfall now. They are like that when the bitcoin price is down they always says that bitcoin will vanish away but when bitcoin price in the market is high this opinion ot topic suddenly disappear. Bitcoin is running for ten years so I bleieve it will not disappear or died just like what you think.

[Daseento]

The question should be is it possible to lose all Bitcoin (about 21 million supply) . I really don't think so. Moreover, loss of private keys by some holders would available Bitcoin more valuable. This is my view on it.

[deppil]

There is nothing like disappearance in the world of blockchain technology. Bitcoin has come to stay and the best is still yet to come. In economics, when a commodity is in short supply, the price obviously goes up and this has always been the case in every society and this can easily be applied in crypto too.

Many people are saying this for last few years that bitcoin is a bubble and it will be disappeared sooner or later. I would like to tell you that it can never happen. Blockhain technology and bitcoin itself will stay here and eventually  be able to replace the fiat currencies.

I know bitcoin will survive because the blockchain technology system adopted by bitcoin is a new innovation that is in demand by many people. I'm sure the bitcoin won't disappear with all existing FUDs. but I don't think that bitcoin has eventually replaced Fiat. that is impossible

[Aldrinx00]

If no one will trade it and everyone would just keep it in their wallet then it is more likely to disappear but do you think exchanges will let it happen? I don't think so, bitcoin is designed to be use for online for trading, payment etc. Bitcoin will exist for long-term because it is meant to be used.

[Veerashanka]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Losing era is over Brother . It was in 2011 to 2013 when the value of bitcoin was low, people got it as rewards for doing various tasks and nobody thought that its value would skyrocket like this. Now the scenario is different, people who are buying bitcoin for $ 6k will keep private key safe and they will buy Hardware wallets if they can buy Bitcoin 

[jersti]

Apart from the security and privacy of your coins there are also other concerns around Bitcoin’s stability and security that deserve our attention. These risks are endemic to Bitcoin’s design and its young ecosystem, and they are often outside of our control.

[thundercrystal]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I think bitcoin will not disappear because as long as there are miners who are mining bitcoins there's no reason that bitcoin may disappear, many people are mining bitcoin and also many people are patronizing bitcoin so I think bitcoin will not disappear no matter what happens.

[Willarrmay]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin has its own measurements, the smallest unit being in Satoshi, just like the smallest unit of a dollar is called cents. So I’m guessing that even if there are lost Bitcoin, the only effect it will have is that the market price will become more high than it is now. Although I don’t think that’s ever going to happen, but whatever it maybe, there will always be a way to solve it.

[altercreed]

The OP's topic may be what others thinking about bitcoin and that's okay because we both have different perspective regarding bitcoin and the rest of alternate cryptos. I stand on the other side as i continuously holding my bitcoin and other cryptos because i believe, bitcoin will still exists for so many years.

[Patient_Zero]

It could happen, as there really is a low circulation of whole bitcoins in the world compared to the amount of people. Over time a lot of them will be lost and have been lost already, I'm not sure many people will like to use tiny decimal amounts in the long run. You could also argue that bitcoin is the first iteration of a working digital currency and it seems inevitable that an improved implementation will take the market share.

we do not always think negatively because the future can occur from the results of thinking in the present, if we always think that bitcoin in the future will be lost or destroyed it really depends on the behavior of the bitcoin owners in the present, we are often wrong in using bitcoin , for example we store bitcoin like assets and we trade bitcoin like commodities and many of us still think bitcoin is like a property, it must be changed, bitcoin is created as future money so from now on bitcoin users must use it like ordinary money to make payments , and if that happens it can be ascertained that in the future, bitcoin will always be secure and will always be needed.

[Hemady17]

How could you say so? If it will eventually disappear then why until now, bitcoin is up in terms of trend? If bitcoin will be gone, they must did it in 2017, when the price bevame 19000 dollars usd. Probably, it may not. Just like as I always read when the price goes down. Many people speculate of disappearance of a coin so that many people will sell in a lowest price.

[aryatrals]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

obviously wrong if the amount shrinks and market demand is still large, there will be a scarcity of goods, which causes prices to rise, according to economic law, if demand is greater than existing stock, prices will rise, bitcoin will also be like that, if we see developments it is possible that crypto currencies can be an alternative currency.

[princeyeboah]

Bitcoin is never disappearing any time soon. Bitcoin is harder to mine and with each day that passes by, Bitcoin mining becomes harder. There is always a small quantity of Bitcoin circulating among users. According to facts, it will take 10,000 years or more if at most 4 Bitcoin is lost within each day for Bitcoin to completely disappear.

[MonicaSteve]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

theoritically, if all bitcoin holder lose their wallet, bitcoin may be disappear but the truth is that it is not easy to hack all bitcoin holder's wallet. As we already known, bitcoin wallet have so many type, if you choose the safest one, they can not hack your wallet.

[Marcsymon]

For my own opinion bitcoin will not eventually disappear but rather it will continue to survive with it's unpredictable and volatility behavior. As a matter of fact from it's start of existence, it was started from the small value which was run for almost ten year's before it was increased and was survived until now. So it is far to become bitcoin will disappeared for now due with the presence of great believer's.

[resty]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

No its not, Bitcoin will remain circulated for the entire world there are some bitcoin doesn't recovered because of so many reason but not affecting to a volume of 21 million bitcoin everybody knows that once bitcoin lost it is no longer available anytime but it's very minimal.

[Lomberjack]

Indeed. But I guess even the price is in the very low amount. Some users and investors including me, are believing that bitcoin will not die and will have a huge come back in the next few years. Bitcoin might disappear but it is 0.1% chance to us.

[smile1218]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I don’t think it will happen because if the investors stopped investing that will be the time bitcoin might disappear and we can see it in the flactuation of the market.

[Watashi Yamashita]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I think bitcoin will not disappear or pop like a bubble because as long as their are investors who are investing in crypto and there are miners who mine bitcoin, bitcoin will not disappear because as long as many are patronizing bitcoin they will continuously create more bitcoin.

[Morpexmorpex]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

in my opinion, no one will lose btc if it is stored in reliable wallets and make transactions on reliable sources and then no one will lose cryptocurrency)local wallet is quite diverse)

[West0813]

There are still so many people and investors that believe in bitcoin. So i think bitcoin will not disappear easily. Bitcoi n will still recover and will dominate the market again.

[safarabela]

I never thought bitcoin would disappear, but Bitcoin would be able to survive and be able to rise from its fall. Bitcoin is the highest and there is nothing to worry about from bitcoin. Maybe you can wait a few years to prove your thinking.

[RokokGudangGaram]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I don’t think it will happen because if the investors stopped investing that will be the time bitcoin might disappear and we can see it in the flactuation of the market.

it's true because bitcoin travel depends on its users, because the more users who use bitcoin to be used as investment or trade, the better the bitcoin's journey to reach the future...

[lingwistiko]

I don't believe this because i disagree with this in the first place. How can bitcoin disappear if it is already very popular and that almost every entities from different countries around the world is starting to evolve into more powerful one as they started to embrace the blockchain technology.

[primejia]

Wrong mate, Bitcoin is not really shrinking, every now and then people are forking the same blockchain creating a total double spent hard fork to have their

Own altcoin, do I have to count them for you one by one or do you know about them already? Bitcoin is not issued by printing like fiat is, price of the coins

Correlates with the total numbers of them, one could claim to have lost access to his coins but after a few years you see the same coins being transferred

And sold, that's why the market will always account for all of the coins.

the possibility of a bitcoin that can't be accessed anymore because the owner forgets the password and maybe the owner has passed away for a long time and can be mine again? if that is possible then the number of bitcoin will not shrink or run out, but if the settling bitcoin is not normally taken anymore it is not impossible that the number of bitcoins can run out, but it will be replaced by an altcoin whose technology is taken from bitcoin, currency the future will still not run out and will continue to grow ... I think so, ...

[reality18]

The disappearance of Bitcoin? These are all fallacies that need to be refrained from especially the newbie investors in crypto. Bitcoin has already gained roots and excelling. It is the future of most payment systems of businesses, companies, institutions etc.

[nasipadang]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

There is some truth, the point is that bitcoin can be lost if the user doesn't want it anymore, meaning that if there is no request, the value will continue to shrink until it is no longer worthy, in this condition the bitcoin will disappear. This is just my personal opinion, but bitcoin can still survive and maybe it can even be the currency that is much sought after in the future due to its unique technological advantages.

[Osarman]

There is nothing like disappearance in the world of blockchain technology. Bitcoin has come to stay and the best is still yet to come. In economics, when a commodity is in short supply, the price obviously goes up and this has always been the case in every society and this can easily be applied in crypto too.

I know where the op is actually heading to. What he’s trying to say is for example in a situation where someone who owns a huge amount of money eventually dies, what will happen to those coins he owns? So in this case I believe that it is basically lost, unless someone gets access to that wallet and moves the coins. But whatever, I don’t think anyone would keep huge amount of money cryptocurrency without letting someone close to them know about it.

[darefreads]

Disappear really? I think it will not gonna disappear, it will surely grow more because most of people know know how useful it was in the economy and the community. Just how the technology grow in the past few years in any country it will make a big difference in this era were many people are getting interested to get involved.

[UchihaRukawa]

I think what you are saying has a point, but before that happened and the amount of bitcoin in the market gets small, it would keep increasing its value first, and if it all was lost because of human error, people can easily make another bitcoin with the same value and same amount, so I think its not gonna be a very big of a problem.

[Silberman]

There are still so many people and investors that believe in bitcoin. So i think bitcoin will not disappear easily. Bitcoi n will still recover and will dominate the market again.

That is the main reason why bitcoin is not going to disappear, as long as some people keep believing in it and keep using it then bitcoin is going to be here with us, in fact I will say that it is completely the opposite, each day bitcoin is getting stronger and more people are adopting it so the chances that bitcoin is going to disappear are incredibly low.

[Tetutu]

I think what you are saying has a point, but before that happened and the amount of bitcoin in the market gets small, it would keep increasing its value first, and if it all was lost because of human error, people can easily make another bitcoin with the same value and same amount, so I think its not gonna be a very big of a problem.

I think that's impossible because bitcoin has become a digital currency globally, even though it's not official. But the number of users is increasing, for those who are active in trade and investment. Bitcoin will never disappear, but Bitcoin will probably experience some regulatory changes which means accommodating government policies in each country.

[Ozero]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

In general, yes. Over time, the number of bitcoins will steadily fall due to the loss of access to them for various reasons. Already, about seven million bitcoins have been lost. However, at the same time, I think that technologically, ways will be found to restore them. Otherwise, indeed, Bitcoin is rare. Given that over time the number of different types of cryptocurrency will increase, it will not be a big problem.

[Godday]

There are still so many people and investors that believe in bitcoin. So i think bitcoin will not disappear easily. Bitcoi n will still recover and will dominate the market again.

That is the main reason why bitcoin is not going to disappear, as long as some people keep believing in it and keep using it then bitcoin is going to be here with us, in fact I will say that it is completely the opposite, each day bitcoin is getting stronger and more people are adopting it so the chances that bitcoin is going to disappear are incredibly low.

currently, bitcoin is still standing because bitcoin is still trusted and some people are still fighting for bitcoin. although the state of bitcoin is currently experiencing a sharp decline. they certainly have a sense of doubt, but they also can still survive.

[Shanu shan]

no it is not possible... bitcoin will not disappear and it is always trading in crytoworld…it has no expiry date

[sirminesalot]

no it is not possible... bitcoin will not disappear and it is always trading in crytoworld…it has no expiry date

yes you are right, bitcoin will not expire and will always be there at any time. as long as there is still a bitcoin internet network will remain in this digital world.

[candra raditya]

Bitcoin is more likely to still have value and become a valuable cryptocurrency, bitcoin is the main and trusted coin in crypto, and if there is a price decline investors will adopt bitcoin because it becomes an opportunity to buy at a cheaper price and in the future will become an advantage.

[Dudeperfect]

Well, not just the Bitcoin but every currency has its own limitations. When it comes to the Bitcoin, The limited number is actually helping it to grow in terms of value associated with it. Even though 1 Bitcoin is equivalent to 4000 US dollars today, not every transaction requires $4,000 and hence divisibility comes into the picture. The number of Bitcoins is too big to disappear each and every Bitcoin in the next few centuries but with every loss of Bitcoin, The remaining Bitcoins gain value out of that loss to the entire value of the ecosystem is not damaged.

[pant-79]

It is estimated that the last bitcoin will be released in 2140. It will happen after the generation of block number 6 929 999.
After the world sees the latest bitcoin, the algorithm of the network will not change because of this - new blocks will continue to be created further.
Since the release of new coins will cease, the miners' remuneration will consist of commissions that network users pay to add transactions to the blocks.
The termination of the issue of bitcoin will only increase the price of the coin, so far it is not a question of how useful it will be. Bitcoin is digital gold, gold of the future.

[sclmte]

whatever the eventual outcome, Bitcoin, Ethereum, and initiative such a venture into the world of blockchain may burn out and fade away. the general is taking a less significant position in many commentators predictions for where will take us in 2019, that it did in 2018. and time tell whether this means the beginning of the end of blockchain or just the end of the hype that fulled blockchain beginning .

[awik p]

It is estimated that the last bitcoin will be released in 2140. It will happen after the generation of block number 6 929 999.
After the world sees the latest bitcoin, the algorithm of the network will not change because of this - new blocks will continue to be created further.
Since the release of new coins will cease, the miners' remuneration will consist of commissions that network users pay to add transactions to the blocks.
The termination of the issue of bitcoin will only increase the price of the coin, so far it is not a question of how useful it will be. Bitcoin is digital gold, gold of the future.

but indeed it requires a very long time, maybe we have switched generations to see that. I think for now I'm still loyal to Bitcoin as long as it still produces. and enjoying the tidal process like now is a proud thing, because we participate in the development of BTC for the process until it reaches its goal

[darewaller]

I don’t know if what I’m about to say is right or wrong, but I do think that if a certain number of Bitcoins happens to get missing, then it will lead to an increase in the price of Bitcoin. Why I’m saying this is because there will be lesser supply of Bitcoin, and since the lesser the supply means bigger price, there should probably be an increase in price, and then we will all be buying in satoshis.

In general, yes. Over time, the number of bitcoins will steadily fall due to the loss of access to them for various reasons. Already, about seven million bitcoins have been lost. However, at the same time, I think that technologically, ways will be found to restore them. Otherwise, indeed, Bitcoin is rare. Given that over time the number of different types of cryptocurrency will increase, it will not be a big problem.

There are total of 17 million Bitcoins mined, and based on the research I have made, close to 4 million Bitcoins are likely to be missing and not 7 million like you have said. So that means we currently have about 13 million Bitcoins or so trading in the market. The number of Bitcoins to be mined are remaining about 4 million.

[Distinctin]

There are still so many people and investors that believe in bitcoin. So i think bitcoin will not disappear easily. Bitcoi n will still recover and will dominate the market again.

That is the main reason why bitcoin is not going to disappear, as long as some people keep believing in it and keep using it then bitcoin is going to be here with us, in fact I will say that it is completely the opposite, each day bitcoin is getting stronger and more people are adopting it so the chances that bitcoin is going to disappear are incredibly low.

currently, bitcoin is still standing because bitcoin is still trusted and some people are still fighting for bitcoin. although the state of bitcoin is currently experiencing a sharp decline. they certainly have a sense of doubt, but they also can still survive.

Things that are never stable whenever you might expect because that is virtual money that makes anxiety and happiness about prices in the future.

True, this would not become stable because people will dump when they see the price is bullish.
Only if bitcoin is not also considered as investment, then maybe we have a chance to make this stable, but with price action, that makes it exciting.

[jjjfff]

Only way for BTC to disappear would be a big security flaw found on it.

So far it has stood the test of time and hackers haven't been able to crack Bitcoin's cryptography.

[m_nief]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin is deflationary by nature. This is counter-intuitive to how most of us have been raised on an inflationary economic model (fiat becomes worth less and less over time due to inflation).

What you say is correct, but don't forget the less Bitcoin available means the supply is lower. When supply drops and demand stays the same, it means the price increases. Which means the price of Bitcoin never stops rising over the long term.

i agree with you, if it is calculated on average, bitcoin is always experiencing deflation, the supply of bitcoin is decreasing because more and more people are looking for the price of bitcoin to increase. this is in accordance with economic theory about the nature of scarcity that causes prices continue to soar

[nur rochid]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin is deflationary by nature. This is counter-intuitive to how most of us have been raised on an inflationary economic model (fiat becomes worth less and less over time due to inflation).

What you say is correct, but don't forget the less Bitcoin available means the supply is lower. When supply drops and demand stays the same, it means the price increases. Which means the price of Bitcoin never stops rising over the long term.

i agree with you, if it is calculated on average, bitcoin is always experiencing deflation, the supply of bitcoin is decreasing because more and more people are looking for the price of bitcoin to increase. this is in accordance with economic theory about the nature of scarcity that causes prices continue to soar

the more rare bitcoin in the market of course makes prices increase so and vice versa. but what happens now is that many people throw away bitcoin and that makes the trend decrease

[davit putra]

It could happen if trust in bitcoin disappears and bitcoin will be worthless and abandoned, but I think that won't happen because bitcoin is still trusted and even though the value of bitcoin is shrinking, the value of bitcoin will expand again.

[JohnBitCo]

There are still so many people and investors that believe in bitcoin. So i think bitcoin will not disappear easily. Bitcoi n will still recover and will dominate the market again.

That is the main reason why bitcoin is not going to disappear, as long as some people keep believing in it and keep using it then bitcoin is going to be here with us, in fact I will say that it is completely the opposite, each day bitcoin is getting stronger and more people are adopting it so the chances that bitcoin is going to disappear are incredibly low.

Whenever there is a big dump in the market, things like these do pop up. We see everywhere people sating that bitcoin is a bubble , it will end soon, it is a scam etc. But then the market recovers well and we stop hearing such negative voices.

[cahbagus555]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I dont think bitcoin will disappear because if bitcoin growing more higher, people will keep it for their investment. Perhaps, people's coin can disappear and supply shrink in market but the price must be getting more expensive

[Janation]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I dont think bitcoin will disappear because if bitcoin growing more higher, people will keep it for their investment. Perhaps, people's coin can disappear and supply shrink in market but the price must be getting more expensive

We don't know what might happen, all we know is that Bitcoin is still giving us a profit.

There are investors that says Bitcoin will not last that long, for me that 10 years is long enough to be a good source of profit or maybe income. With a lot of cryptos in the market, there are a lot of ways you can choose your investments and that will grab people to invest on cryptocurrencies. When the price dumps, people tends to invest again since it might be their last chance seeing that price. That way of investing of investors will make the price pump even in a little moment and will keep the price from dumping more and I think that is a proof that Bitcoin will be having a longer time existing as our daily investment.

[SeVenlast]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I dont think bitcoin will disappear because if bitcoin growing more higher, people will keep it for their investment. Perhaps, people's coin can disappear and supply shrink in market but the price must be getting more expensive

This is the beginning of Bitcoin and it is not the end so many trips must be passed before Bitcoin dies quickly. You should make a decision to buy the coin.

[Escf4]

From now until the time , that there will be new ,much usefullness technology ,that will surpass bitcoin then there are still possibility it will be replace , but if the purpose and uses of bitcoin csn be more improve and added with other new advance dimentions for bitcoin ,then there is also possibility that it will last for a more longer time in the digital world, the time only will tell when does bitcoin or any other crypto will last.

[gabmen]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I dont think bitcoin will disappear because if bitcoin growing more higher, people will keep it for their investment. Perhaps, people's coin can disappear and supply shrink in market but the price must be getting more expensive

This is the beginning of Bitcoin and it is not the end so many trips must be passed before Bitcoin dies quickly. You should make a decision to buy the coin.

I don't think the percentage of that "human error" You're pertaining to would be significant enough to cause such effect. I mean, you'd have to be really careless or irresponsible to lose your btcs and there aren't that much of that kind now.

[bummm]

no it is not possible... bitcoin will not disappear and it is always trading in crytoworld…it has no expiry date

In reality, everything is possible. However, I think that Bitcoin will not die, disappear, escape, etc. It will live and it will be used more many years, maybe even for ages. It is the best crypto.

[myohmy81]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

We can't avoid those mistakes of some holders as they will lost their wallet and private keys due to their negligence but the bitcoin will continue to grow as long as their is demand and this currency will not going to end. The lesser the supply the higher the price will rise to the moon. Indeed if your a holder you need to secure your wallet and private key in a safe place to enjoy your profits in the future.

[Janation]

no it is not possible... bitcoin will not disappear and it is always trading in crytoworld…it has no expiry date

In reality, everything is possible. However, I think that Bitcoin will not die, disappear, escape, etc. It will live and it will be used more many years, maybe even for ages. It is the best crypto.

Bitcoin will always be here, even though it die or its price turn to 0, it will always be here.

Bitcoin opened up a new world that made a lot of people turn their money into millions, a new investment that a lot of people waited to, expected to and looked up into. It's technology made a lot of other cryptocurrency that ended up booming in the market, I don't think Bitcoin will be forgotten just like that even if it dies. Bitcoin will keep on living for a long time and even if it dies, a lot of people will be remembering them.

[Gheka]

no it is not possible... bitcoin will not disappear and it is always trading in crytoworld…it has no expiry date

In reality, everything is possible. However, I think that Bitcoin will not die, disappear, escape, etc. It will live and it will be used more many years, maybe even for ages. It is the best crypto.

Bitcoin will always be here, even though it die or its price turn to 0, it will always be here.

Bitcoin opened up a new world that made a lot of people turn their money into millions, a new investment that a lot of people waited to, expected to and looked up into. It's technology made a lot of other cryptocurrency that ended up booming in the market, I don't think Bitcoin will be forgotten just like that even if it dies. Bitcoin will keep on living for a long time and even if it dies, a lot of people will be remembering them.

I don't think so, bitcoin will gradually disappear when it returns to zero, it will be buried by the future because in the future, although bitcoin will be as you say, it may die but people will still remember it but of course, it won't be forever, time will delete it. Even our selves, time will bury everything about us someday, this is a natural cycle, new things come, old things will go away but at the very least, I can feel that people still have faith in bitcoin, which is really a positive sign and helps bitcoin survive for a long time

[Amevalentine]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I dont think bitcoin will disappear because if bitcoin growing more higher, people will keep it for their investment. Perhaps, people's coin can disappear and supply shrink in market but the price must be getting more expensive

I also don't see bitcoin missing or how but instead it develops a little bit because I know bitcoin for a long time so I know and know if bitcoin won't disappear or become extinct

[carlisle1]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I dont think bitcoin will disappear because if bitcoin growing more higher, people will keep it for their investment. Perhaps, people's coin can disappear and supply shrink in market but the price must be getting more expensive

We don't know what might happen, all we know is that Bitcoin is still giving us a profit.

There are investors that says Bitcoin will not last that long, for me that 10 years is long enough to be a good source of profit or maybe income. With a lot of cryptos in the market, there are a lot of ways you can choose your investments and that will grab people to invest on cryptocurrencies. When the price dumps, people tends to invest again since it might be their last chance seeing that price. That way of investing of investors will make the price pump even in a little moment and will keep the price from dumping more and I think that is a proof that Bitcoin will be having a longer time existing as our daily investment.

If thats your stand then better be ready for the death of bitcoin because it seems like you’re not that in trust with bitcoin

For me this cryptocurrency and all the altcoins same as the tokens,will stay with us today and inhe future,though i am talking about legitimate coins and not those shits

[Buttermellow]

That is why there are alternative coins already that one day might be use in the absence of bitcoin and the good thing is that you can choose many alternative crypto to which you can actually use it in daily life exchange. Just hoping that one day crypto will not going to end instead it will going to establish and more demands will have as government will help secure people's investment or holdings.

[Harley29]

no it is not possible... bitcoin will not disappear and it is always trading in crytoworld…it has no expiry date

In reality, everything is possible. However, I think that Bitcoin will not die, disappear, escape, etc. It will live and it will be used more many years, maybe even for ages. It is the best crypto.

It is crazy to say that bitcoin will ever die trust me it never die it will remain the same for years infect more and more people will invest it to make stronger. In market there are still need some corrections but this journey has started I think this January it will be bull run and market will be recover soon.

[Faxmate]

no it is not possible... bitcoin will not disappear and it is always trading in crytoworld…it has no expiry date

In reality, everything is possible. However, I think that Bitcoin will not die, disappear, escape, etc. It will live and it will be used more many years, maybe even for ages. It is the best crypto.

It is crazy to say that bitcoin will ever die trust me it never die it will remain the same for years infect more and more people will invest it to make stronger. In market there are still need some corrections but this journey has started I think this January it will be bull run and market will be recover soon.

Bitcoin is a digital currency and it made for those all people who know about online work and they are really need money for their life because they want to make their life very easy so that is why bitcoin is very important and a lot of people invest their huge amount and now they are waiting for its high price so how can be possible that bitcoin will disappear rather this currency will more improve and popular.

[Dread Pirate Roberts]

Yes, it depends on the user and also how people are aware of digital economic right know. but bitcoin popularity not really hype like in early 2018 .
but new adoption its always coming and bitcoin wiill never dissapear or not having value . people needed it for transaction too . not only for investment .

[Kasabus]

Yes, it depends on the user and also how people are aware of digital economic right know. but bitcoin popularity not really hype like in early 2018 .
but new adoption its always coming and bitcoin wiill never dissapear or not having value . people needed it for transaction too . not only for investment .

It is a useful advancement in the future if establishments and company owners will accept this a form of payment,  but for now, it is mostly considered as an investment. Yet,  we are still need confirmation from SEC  regulation boards in order to stabilize the situation and gain trust from the community.

[Aris novianto]

bitcoin is not disappearing, it's just that bitcoin has decreased in price, I will always invest in bitcoin coins, someday the price of bitcoin will definitely stabilize again

[millionaireshs]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I think it will never happen that massive users lost their bitcoin accidentally. because of continuously upgrading the technology no reason why bitcoin doesn't continue for a longer of time. remember all the things that creates the I.T expert like software is continuously usable until now. that is also the history of BITCOIN  i'm sure and it will never be disappear.

[wewe123]

bitcoin is not disappearing, it's just that bitcoin has decreased in price, I will always invest in bitcoin coins, someday the price of bitcoin will definitely stabilize again

That is true bitcoin will not be vanishing in the market ,the current market now which is the slowly lowering of price of bitcoin ,will not be the reason the bitcoin will vanish, the bitcoin is on top of the market cap , it could be impossible if it will just loose and disappear ,when it is very popular in the cryptocurrency world.

[Naida_BR]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Human error? Lol , it isn't an error. This is how this ecosystem is designed.
We will never know what will happen to Bitcoin after everything is mined and due to the fixed supply it has, as we will be possibly all dead. It needs so many years to pass in order to reach this time. And until this happens, demoting BTC into smaller amounts can still work as we care about the value and not for the decimals.

[Kahoy01]

no it is not possible... bitcoin will not disappear and it is always trading in crytoworld…it has no expiry date

In reality, everything is possible. However, I think that Bitcoin will not die, disappear, escape, etc. It will live and it will be used more many years, maybe even for ages. It is the best crypto.

Bitcoin will always be here, even though it die or its price turn to 0, it will always be here.

Bitcoin opened up a new world that made a lot of people turn their money into millions, a new investment that a lot of people waited to, expected to and looked up into. It's technology made a lot of other cryptocurrency that ended up booming in the market, I don't think Bitcoin will be forgotten just like that even if it dies. Bitcoin will keep on living for a long time and even if it dies, a lot of people will be remembering them.

I don't think so, bitcoin will gradually disappear when it returns to zero, it will be buried by the future because in the future, although bitcoin will be as you say, it may die but people will still remember it but of course, it won't be forever, time will delete it. Even our selves, time will bury everything about us someday, this is a natural cycle, new things come, old things will go away but at the very least, I can feel that people still have faith in bitcoin, which is really a positive sign and helps bitcoin survive for a long time

Bitcoin will not easily die as some other people thinks, I am sure that the bitcoin will become more popular and more valuable. If you will use the law of demand and supply, you fill find out that the bitcoin will even grow more because it has only limited supply.

[FlightyPouch]

bitcoin is not disappearing, it's just that bitcoin has decreased in price, I will always invest in bitcoin coins, someday the price of bitcoin will definitely stabilize again

Well, I want the price to go back to its price nearing the current ATH but I don't want the price to stabilize. Don't get me wrong though, it may be the best crypto currency if the price stabilizes but based on the current and past price changes, it is far from being a stabilized crypto currency. Let's just stick to Bitcoin gaining some price pumps rather than having a stabilized price.

[Crafts12]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Bitcoin will eventually die if people will stop using and participating to it. Bitcoin will lose it values if no one dares to possess and use it for bussinesses and transactions but I doubt it will happen to soon for a reason that people nowadays are so into it and bitcoin is somehow mainstream in other places. In order for it to stay, we must keep on supporting it.

[GrayFullbuster]

If we keep supporting and patronizing bitcoin, then it is impossible to see that the bitcoin will die or disappear. The investors are now keep gaining trust to bitcoin because the value of the bitcoin is keep rising as time passing by.

[Xising]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Yeah, there is a fixed number of bitcoins but it is harder and harder to mine it. So it will take another 5-10years untill all the bitcoin will be mined.
Even is bitcoins are lost everyday the total supply is to big to be lost all of it. If 4 bitcoins are lost every day it would take 10.000years for all bitcoins to be lost.
Also, the price will be a lot higher when all the bitcoins will be mined so people will be more careful for their wallets.

I would say that that is the inevitable destination of every kind of investment. It is just actually a matter of when and not if. It would all depend on the support it gets from the market and from the community. For example, like the stock exchange market, many stocks have already died out, but there are still strong ones that keep on fighting for its survival due to the support people gives it. The more you get the better chances you have as an asset.

[dupee419]

If we keep supporting and patronizing bitcoin, then it is impossible to see that the bitcoin will die or disappear. The investors are now keep gaining trust to bitcoin because the value of the bitcoin is keep rising as time passing by.

And why would you even want BTC to die? I mean it has come a long way and all you want is Bitcoin disappearing suddenly? I mean BTC will come its way but I don't think of it as something that will die, I think that there would be lots of improvement and development and It might be even called as the next gen bitcoin, I'm sure of it and what I am most certainly sure of is that BTC won't die in the future but will transform into something that will definitely be much better than what we are using right now.

[jademaxxiss012]

This may probably true especially if bitcoin will not be regulated. The founders should make a way so that bitcoin or cryptoccurency will be accepted and adapted.and to let them continue to earn with their mining actitivities or their shares with the exchanges that are.operating nowadays. There is no doubt that they can earn more in cryptocurrency they created.

[medicalmiracle]

There are still so many people and investors that believe in bitcoin. So i think bitcoin will not disappear easily. Bitcoi n will still recover and will dominate the market again.

That is the main reason why bitcoin is not going to disappear, as long as some people keep believing in it and keep using it then bitcoin is going to be here with us, in fact I will say that it is completely the opposite, each day bitcoin is getting stronger and more people are adopting it so the chances that bitcoin is going to disappear are incredibly low.

currently, bitcoin is still standing because bitcoin is still trusted and some people are still fighting for bitcoin. although the state of bitcoin is currently experiencing a sharp decline. they certainly have a sense of doubt, but they also can still survive.

Things that are never stable whenever you might expect because that is virtual money that makes anxiety and happiness about prices in the future.

In this era of technology, the old technology are obsolete by the arrival of new technologies and services in the market so it would be acceptable if on the arrival of a more potential technology, Bitcoin ends. But that is not going to happen soon.

[pant-79]

It is estimated that the last bitcoin will be released in 2140. It will happen after the generation of block number 6 929 999.
After the world sees the latest bitcoin, the algorithm of the network will not change because of this - new blocks will continue to be created further.
Since the release of new coins will cease, the miners' remuneration will consist of commissions that network users pay to add transactions to the blocks.
The termination of the issue of bitcoin will only increase the price of the coin, so far it is not a question of how useful it will be. Bitcoin is digital gold, gold of the future.

but indeed it requires a very long time, maybe we have switched generations to see that. I think for now I'm still loyal to Bitcoin as long as it still produces. and enjoying the tidal process like now is a proud thing, because we participate in the development of BTC for the process until it reaches its goal

I also follow this course. Until that moment, as the last bitcoin will be extracted, it will take a long time, that is what I was trying to say. And even when this happens, Bitcoin will not disappear (as the author fears). The network will also continue to be supported, but the reward will not be mining of Bitcoin, but a commission from transactions.

[Ozero]

In my opinion, the next few generations worry that Bitcoin may disappear through the loss of access to them and due to other similar problems, it is not worth it. Cryptocurrency is developing very fast and it is still very far from perfect. Therefore, it is likely that with time it will turn into something more perfect, or disappear. This will happen much less than all bitcoins can be lost.

[Adriano2010]

Will not dissappear even if some people will not have anymore access to their bitcoin, other people will still have it and use it even after all bitcoin will be mined which will take a lot of time from now.

[Bezobraznike]

   Smaller supply awakes bigger demand. Than less coins we have in hands then price is higher.
   I do not believe we will ever go on zero number of coins. There always stay something on someone's balance.

[Carreuh]

I think this bitcoin will still be there even though the price will decline again and it is predicted too if the bitcoin price slumps it will also rise again because bitcoin already has quite a lot of interest and there are already so many who invest in this bitcoin, therefore it is very  it's hard if this bitcoin will disappear someday, bitcoin will still be there even though the price isn't like now

[Duzter]

It has acquired place for among the tradeable asset, which is not that easy to achieve without anything physically available to experience. It never gets disappeared or go worthless, even when the entire sum of bitcoin were mined the transaction keeps happening and by that time based on the demand we'll get an increased or decreased.

[indrakusumaindra]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Human error? Lol , it isn't an error. This is how this ecosystem is designed.
We will never know what will happen to Bitcoin after everything is mined and due to the fixed supply it has, as we will be possibly all dead. It needs so many years to pass in order to reach this time. And until this happens, demoting BTC into smaller amounts can still work as we care about the value and not for the decimals.

well right now what i see is bitcoin is more widely use and more use cases using bitcoin for blockchain technology, i strongly believe bitcoin will survive for a long time, but who knows what will happen in future.

[andriarto]

It has acquired place for among the tradeable asset, which is not that easy to achieve without anything physically available to experience. It never gets disappeared or go worthless, even when the entire sum of bitcoin were mined the transaction keeps happening and by that time based on the demand we'll get an increased or decreased.

right, from the analysis that you explained, I can understand that bitcoin will run the opposite, that is, it will develop and be accepted by most people. especially with a large number of spreads, it will result in price increases, this is because supply is limited

[mersal]

It has acquired place for among the tradeable asset, which is not that easy to achieve without anything physically available to experience. It never gets disappeared or go worthless, even when the entire sum of bitcoin were mined the transaction keeps happening and by that time based on the demand we'll get an increased or decreased.

We still ahead of a century for the last bitcoin to be mined,so we no need to worry about the miners for now.If bitcoin meant to go worthless then we might have something better than bitcoin or the current centralized system supressed it not to adopted by the people,chances of happening both are also low for now.

[shesheboy]

I think this bitcoin will still be there even though the price will decline again and it is predicted too if the bitcoin price slumps it will also rise again because bitcoin already has quite a lot of interest and there are already so many who invest in this bitcoin, therefore it is very  it's hard if this bitcoin will disappear someday, bitcoin will still be there even though the price isn't like now

Yeah meyt bitcoins price can always recover no matter how hard it fall because there will always be a demand for it not because bitcoin is cheap and can be used for an asset use but because bitcoin is too useful and can also be used for a currency use   but let say people will loose thier interest on bitcoin and the price of bitcoin will decay until it turn to zero and until bitcoin will be remove on exchanges , bitcoin will still remain on the web/online . The remaining bitcoin will still exist  .

[bonker]

It has acquired place for among the tradeable asset, which is not that easy to achieve without anything physically available to experience. It never gets disappeared or go worthless, even when the entire sum of bitcoin were mined the transaction keeps happening and by that time based on the demand we'll get an increased or decreased.

right, from the analysis that you explained, I can understand that bitcoin will run the opposite, that is, it will develop and be accepted by most people. especially with a large number of spreads, it will result in price increases, this is because supply is limited

Right the limited supply is one of the advantage because we are not going to face the inflation so people can trust ans use i future if they find the importance of it.

[Pamadar]

It has acquired place for among the tradeable asset, which is not that easy to achieve without anything physically available to experience. It never gets disappeared or go worthless, even when the entire sum of bitcoin were mined the transaction keeps happening and by that time based on the demand we'll get an increased or decreased.

We still ahead of a century for the last bitcoin to be mined,so we no need to worry about the miners for now.If bitcoin meant to go worthless then we might have something better than bitcoin or the current centralized system supressed it not to adopted by the people,chances of happening both are also low for now.

Let time showed what will happened next to this industry, if ever that there's no major adoptions to happened and another sets of new ideas
will be bring inside the digital industry, maybe it will make this currency to disappear but like what you have said it's still far from reality and there's
a lots of good appreciations from big businesses so we should not worry as yet.

[ene1980]

Let time showed what will happened next to this industry, if ever that there's no major adoptions to happened and another sets of new ideas
will be bring inside the digital industry, maybe it will make this currency to disappear but like what you have said it's still far from reality and there's
a lots of good appreciations from big businesses so we should not worry as yet.

There is nothing to worry about it and we might see more solutions for our situation we will overcome those and what ever be case, no one thought of a currency that could survive without the help of government, bitcoin made it possible, it is a billion dollar market and in the next rally we might even touch the trillion dollar market and i do not think a market so huge will go down just like that.

[syamster]

Let time showed what will happened next to this industry, if ever that there's no major adoptions to happened and another sets of new ideas
will be bring inside the digital industry, maybe it will make this currency to disappear but like what you have said it's still far from reality and there's
a lots of good appreciations from big businesses so we should not worry as yet.

There is nothing to worry about it and we might see more solutions for our situation we will overcome those and what ever be case, no one thought of a currency that could survive without the help of government, bitcoin made it possible, it is a billion dollar market and in the next rally we might even touch the trillion dollar market and i do not think a market so huge will go down just like that.

Yeah we can see bitcoin made all things possible for itself, bitcoin is there in the market since long and day by day it is being more powerful, supporters are supporting it and they will never let it get disappear because millions of people have invested their money in bitcoin so they will keep it in the market by hook or by crook.

[Marry Finch]

Bitcoin will be mined presumably until 2140. A hundred years later, who will live to this time, then he will worry about reducing the total number of bitcoins. Now, in my opinion, it is too early to talk about it. After a hundred years, perhaps Bitcoin is transformed into something completely new. Or perhaps they will find a way to recover lost Bitcoins, including with the help of quantum computers.

[n0ne]

Bitcoin will be mined presumably until 2140. A hundred years later, who will live to this time, then he will worry about reducing the total number of bitcoins. Now, in my opinion, it is too early to talk about it. After a hundred years, perhaps Bitcoin is transformed into something completely new. Or perhaps they will find a way to recover lost Bitcoins, including with the help of quantum computers.

To the present population and to meet all things digitally the present technology is more to meet, but when things go on and to the growing population advancement is a must to happen. Within certain time period entire number of bitcoin gets mined which will create a demand, and just on that it doesn't mean bitcoin gets disappeared.

[shield132]

Oh no, no, at least there is no chanse it will dissapear for 4-5 years. Why? Because 1) people consider it the most trustworthy cryptocurrency. 2) There are a lot of serious businesses on bitcoin. which will lose a lot of money if that happens and a lot. Consider upcoming halvong whivh automatically lits fire in people that bitcoin will rise because as you see one year ago, halving was a major reason we see 20k price.

[sunsilk]

Right the limited supply is one of the advantage because we are not going to face the inflation so people can trust ans use i future if they find the importance of it.

Yes, bitcoin won't be affected or won't have its inflation because instead it will have its deflation. Thanks to the finite supply and halving that makes the difficulty of mining harder and gives that demand that we're all wanting.

We are far from that time and I think we should focus about the current issues now and solve those problems that are currently existing now. If the world continues to adopt and accept bitcoin payments that will decide if bitcoin will stay or not.

[otong]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

nobody's development and the future of crypto currency can predict for sure how because all possibilities can happen and no one can know because of the development of crypto currencies depending on the investor

[Distinctin]

Oh no, no, at least there is no chanse it will dissapear for 4-5 years. Why? Because 1) people consider it the most trustworthy cryptocurrency. 2) There are a lot of serious businesses on bitcoin. which will lose a lot of money if that happens and a lot. Consider upcoming halvong whivh automatically lits fire in people that bitcoin will rise because as you see one year ago, halving was a major reason we see 20k price.

This would stay and beat all the payment system, it will be the most popular in the online world, some people don't believe it's potential but they will see as the adoption increases. Most people who are accumulating now are big time investors, they sees its future potential so they are betting on bitcoin early.
Investing on bitcoin for long term is the best strategy, people who don't believe on it has no idea that price may pump high due to its limited supply.

[goaldigger]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

If mankind can make something better and more convinient than bitcoin then youre right. This is for the fact happening right now where people invent something better than fiat. People will not accept it at first because of denial but eventually end up using it because of the need for improvement.

[Naida_BR]

Well you posted this in the "Economics" section, so let's make this about economics.

People have an amount of BTC.  The higher the value of their BTC, the more likely they are to keep it in safe locations or spread it between different places.  So the chance of them losing their BTC decreases exponentially as the price rises.

If they lose BTC, the supply decreases, therefore making the remaining BTC supply (marginally) more valuable and making people less likely to lose it.  So it never reaches a point at which there's not enough left.

So basically, no.  It's impossible.

That's a fair point but the OP says what it is going to happen if the most of the supply will be lost?
Then no one will have any interest in bitcoin due to the limited supply and that there will not be many buy and sell orders. I don't think that it is going to lose value. Also the option of a fork is possible is something like that is inevitable.

[Marry Finch]

Bitcoin, of course, can disappear in its current form, if it is replaced by something more advanced. This is quite normal and predictable. The current Bitcoin has its own difficulties in solving many problems, including scalability and transaction costs. Considering that the cryptocurrency so far exists only ten years, and also that it is not perfect yet, it will continue to evolve anyway. Nobody knows what this development will lead to.

[Xampeuu]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

If mankind can make something better and more convinient than bitcoin then youre right. This is for the fact happening right now where people invent something better than fiat. People will not accept it at first because of denial but eventually end up using it because of the need for improvement.

good or not, I think back to the government and the people who judge it. indeed, at present bitcoin is created because of technological developments, but it can be difficult to step if it is hampered by the government. and when the bitcoiner lost trust, it was feared that a bubble would occur

[Seeker#9]

Bitcoin has a fixed numbers so there is a possibility that someday that miners will finally mines its last block. Unlike fiat which can be minted or produced by any central bank, bitcoin has to be halved to prolong its mining and produces more bitcoin on a limited basis.
At this time, many cryptocurrencies are also vying to become the next bitcoin but these coins has yet to prove something if they really qualified to succeed the leading cryptocurrency.

[aioc]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I don't think it's going to happen, investors are responsible holders,you are not an idiot to hold a big amount of Bitcoin only to lose it forever because of your ignorance, and carelessness, I don't think there are still people who come in to buy Bitcoin without the knowledge first on how to treat his private key well.

[logicgate]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I don't think it's going to happen, investors are responsible holders,you are not an idiot to hold a big amount of Bitcoin only to lose it forever because of your ignorance, and carelessness, I don't think there are still people who come in to buy Bitcoin without the knowledge first on how to treat his private key well.

  Those who are going to hold are going to make profit, so we know it is just saying people will say good and bad but we will have to trust only those who are with us and who want to see us successful. Crypto currency has good potential in market bitcoin is the best in all features we will have to trust and invest with it without even putting a single doubt on its growth.

[Pagri]

Undoubtedly there will be a greater disappearance of bitcoins every time, because many of those who now own bitcoin will tend to make erroneous transactions, forget their private keys, or they will die without revealing their bitcoin holdings. But I do not think that the proportion of bitcoins lost is of a significant magnitude, because even if 99% of the existing bitcoins were lost, the use of decimals could be extended from 16 to 20, 30 or more so that the bitcoin ecosystem can function optimally, which would also be reflected in an astronomical price of each bitcoin.

[Nellayar]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

If Satoshi Nakamoto had planned to seize bitcoin right now, then it may go to zero value. But as of now, it is hard to think that bitcoin will go back to zero. If that happens, cryptocurrency will decline and many of us here will find an alternative way to earn money. But as I think, there is no more to doubt in cryptocurrency. Many developers have expanded their knowledge in crypto space.

[Natalim]

At this time, many cryptocurrencies are also vying to become the next bitcoin but these coins has yet to prove something if they really qualified to succeed the leading cryptocurrency.

Sure there are coins that will try to compete with bitcoin as the market is getting bigger overtime.

However, people will not allow that, you see how big the dominance of bitcoin, that's because investors does put their trust more on bitcoin and I'm seeing it will still be the same reality in the future as bitcoin's discovery make this market that we are staying now alive and progressive.

[fortunecrypto]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

There are people who have lost access to their private key, but that does not mean that it will go down a minimal amount, we still have a lot of Bitcoin holders who are responsible Bitcoin holders, we must admit it Bitcoin is an asset and property if you're a holder will you want to lose access to your coins, of course, you will not.

[Janation]

True for now, Bitcoin will not die easily like that and leave all people who have trusted and invested their money in the form of virtual currency.

We should not even talk about this.

The fact that Bitcoin last in these years is proof that it will not die easily. There are a lot of people that use and holds it and keeps BTC going, it may dump but the only way after that is a pump. Also, don't say that Bitcoin will leave because if the price will dump, the reason for it is us, users and investors, it is not Bitcoin's will.

[Fredomago]

True for now, Bitcoin will not die easily like that and leave all people who have trusted and invested their money in the form of virtual currency.

We should not even talk about this.

The fact that Bitcoin last in these years is proof that it will not die easily. There are a lot of people that use and holds it and keeps BTC going, it may dump but the only way after that is a pump. Also, don't say that Bitcoin will leave because if the price will dump, the reason for it is us, users and investors, it is not Bitcoin's will.

Big whales loves to play with the price so it's not Bitcoin but those who's holding the large portions of it can do manipulates the value, surely many people such investors and believers will continue to make things to workout with this industry, it will not easily being dumped due to those people who will keep it alive and continue the cycle.

[Febo]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Yes there will be less and less Bitcoins, but it is almost impossible to say that will cease to exist. That would be an really unlucky event.

[boyptc]

If Satoshi Nakamoto had planned to seize bitcoin right now, then it may go to zero value. But as of now, it is hard to think that bitcoin will go back to zero. If that happens, cryptocurrency will decline and many of us here will find an alternative way to earn money. But as I think, there is no more to doubt in cryptocurrency. Many developers have expanded their knowledge in crypto space.

No more doubt about bitcoin and seizing it like what others think it's highly impossible to happen.

And not just developers have expanded their knowledge but a lot of rich people vested their money in it.

[Best Dreams]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Yes there will be less and less Bitcoins, but it is almost impossible to say that will cease to exist. That would be an really unlucky event.

Don’t be silly to think every about its happening, I know bitcoin has good value in market and since long it is there no other coin ever had such value as bitcoin has, it is improving now a day in price, still so many people are there in the market who ask only for bitcoin, so it shows bitcoin has bright future that never gona let bitcoin disappear from market.

[emmybd]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Even if some people lose bitcoin that doesn't mean that it would disappear. Even if, it disappears in 20 or 30 years time it would leave a lot of people bitcoin millionaire, so the potential is huge.

[Kasabus]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Even if some people lose bitcoin that doesn't mean that it would disappear. Even if, it disappears in 20 or 30 years time it would leave a lot of people bitcoin millionaire, so the potential is huge.

I guess you don't get the point, when people totally forget how to access their bitcoin, that is considered loss in circulation, and that is a big mistake for them especially if bitcoin will moon in the future. However, good for the market since the supply will reduce with that kind of mistake.

[Cherylstar86]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Even if some people lose bitcoin that doesn't mean that it would disappear. Even if, it disappears in 20 or 30 years time it would leave a lot of people bitcoin millionaire, so the potential is huge.

  As long as poeple are determine to resemble bitcoin, a huge of potential that it will exceed bountifully in the mere future. Just a positive motivation to conquer the possible consequences around the field. And I don't doubt about its existence will be constantly arousing .

[Wingo]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

It is a bit impossible to happen. But let's say that it happened. The price of bitcoin will pump so much, like how other alts that conducts token burning. The supply is minimized while the demand grows, this increases the price in a faster rate. Bitcoin wont lose its value, and once the future comes that the mass adoption of digital assets happens and Bitcoin is still on the top, it will have a much higher price.

[Febo]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

Yes there will be less and less Bitcoins, but it is almost impossible to say that will cease to exist. That would be an really unlucky event.

Don’t be silly to think every about its happening, I know bitcoin has good value in market and since long it is there no other coin ever had such value as bitcoin has, it is improving now a day in price, still so many people are there in the market who ask only for bitcoin, so it shows bitcoin has bright future that never gona let bitcoin disappear from market.

You seems to not understand not what I wrote nor what OP wrote. OP was writing that since there is 21 million possible BTC people can lose them and eventually we end up with none.  I posted that that will most likely not happened.

[coin-investor]

I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.

[Apaxy]

I am 100% confident in the prospects of cryptocurrency.  To date, many interesting projects have already been created, with the help of which the cryptocurrency will be implemented in the daily life of a person.  In addition, I would like to draw people's attention to the fact that blockchain technology is also used in the banking sector and in other very important institutions of states and structures.  I would like to note the fact that even one of the leaders of the gaming industry, Ubisoft, intends to use the ethereum blockchain.  This also says a lot.

[boyptc]

I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.

But many newbies too that doesn't care of the protection of their wallets, they are lazy to look for those materials and resources that they might interested with and increase their knowledge of protecting their wallets.

The number of lost bitcoins forever might increase in due time but it does not mean that every bitcoin will be gone in the circulation.

[Kimonoe]

I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.

I agree, especially the biggest social media like Facebook will actually issue their coins, namely the global coin. and this becomes an objection that the bitcoin will disappear. and I think it will develop faster

[Cherylstar86]

I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.

I agree, especially the biggest social media like Facebook will actually issue their coins, namely the global coin. and this becomes an objection that the bitcoin will disappear. and I think it will develop faster

   Bitcoin has carrying its tittle as a leading coin in all currencies and it also resembled by many people who adopt its potential and liable platform. So I believe bitcoin will never disappear as the current market phase has shown gradual pump, a sign of having a great bull trend in the near future.

[Leh-Meh]

I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.

I agree Bitcoin people will keep it as digital asset for next 10 years if the governments do not ban Bitcoin.

[toast]

I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.

I agree Bitcoin people will keep it as digital asset for next 10 years if the governments do not ban Bitcoin.

I doubt that the bitcoin will disappear for now. because the old bitcoin is increasingly in demand. although sometimes the condition of bitcoin has experienced a sharp decline, many conditions are interested in bitcoin until now. so until now we don't doubt Bitcoin.

[ioanbtc]

I also doubt will dissapear as long as we have people who use it, miners and nodes who will maintain network on and exchanges and merchants who accept it bitcoin will have long life.

[acroman08]

I also doubt will dissapear as long as we have people who use it, miners and nodes who will maintain network on and exchanges and merchants who accept it bitcoin will have long life.

Bitcoin is Finite no matter how long it takes bitcoin will eventually ran out one day but before that happens a new cryptocurrency will probably emerge that will be able to replace bitcoin. it may not be as good as bitcoin but it will be the one who continue the Bitcoin legacy.

[Distinctin]

Yeah I think it can be disapear but not yet, maybe in 20 or 30 years..

If it will disappear, it would not reach that long, it would disappear maybe less than 10 years from now, but I doubt the possibility because if we look at bitcoin's fundamentals, we are seeing great progress and therefore I'm expecting a growth because this is not a bubble like other people are thinking.

[Naida_BR]

I also doubt will dissapear as long as we have people who use it, miners and nodes who will maintain network on and exchanges and merchants who accept it bitcoin will have long life.

Bitcoin is Finite no matter how long it takes bitcoin will eventually ran out one day but before that happens a new cryptocurrency will probably emerge that will be able to replace bitcoin. it may not be as good as bitcoin but it will be the one who continue the Bitcoin legacy.

Bitcoin's notion and concept is great but I think it is now the best.
There are many better projects and cryptocurrencies than Bitcoin. Bitcoin is just the first and the most trusted right now. If all coins are lost one day there could be a fork and the chain can come back to normal easily.

[lovesybitz]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I don't think bitcoin will disappear at this point of time, because there are huge of supporters out there that are still holding unto it.
As time goes by the numbers of investors and believers of bitcoin so far are continue increasing, in short bitcoin become more popular
nowadays.

[Natalim]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I don't think bitcoin will disappear at this point of time, because there are huge of supporters out there that are still holding unto it.
As time goes by the numbers of investors and believers of bitcoin so far are continue increasing, in short bitcoin become more popular
nowadays.

Bitcoin just reached $9000 today, this is not a sign that it will disappear, looks like it's here to stay and we won't be able to reach more worry thread like this in the future, people now are more interested in discussing its positive future.

[BLAST2MARS]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I don't think this even considered a problem. Like the previous comments, low supply and higher demand means higher value of bitcoin. That's what all of us who has bitcoin would like to happen but I know that people who lost access to their bitcoin will become a very rare case in the future. But if it still unavoidable then I'm more than prepared to see a value of 1 satoshi equivalent to $10-$100.

[Janation]

Bitcoin just reached $9000 today, this is not a sign that it will disappear, looks like it's here to stay and we won't be able to reach more worry thread like this in the future, people now are more interested in discussing its positive future.

That is so amazing.

I was quite shocked when I read your post since as far as I know, the last time I checked it is at $8500, that is really fast. I wonder how much more it will increase in the next weeks since it is getting more stable as time passes. I hope it continues for some time.

[Barbut]

Bitcoin just reached $9000 today, this is not a sign that it will disappear, looks like it's here to stay and we won't be able to reach more worry thread like this in the future, people now are more interested in discussing its positive future.

That is so amazing.

I was quite shocked when I read your post since as far as I know, the last time I checked it is at $8500, that is really fast. I wonder how much more it will increase in the next weeks since it is getting more stable as time passes. I hope it continues for some time.

This is not amazing yet, what is Bitcoin capable of doing is yet to be seen. Check out speculation section, there you can see many different predictions, some people are predicting $100k in the next two years! Bitcoin will not disappear, it`s here to stay. There were FUD topics before, there will be FUD topics in the future, don`t pay attention to them, just keep stacking sat`s and you will be fine in the long term!

[uray]

Bitcoin is Finite no matter how long it takes bitcoin will eventually ran out one day but before that happens a new cryptocurrency will probably emerge that will be able to replace bitcoin. it may not be as good as bitcoin but it will be the one who continue the Bitcoin legacy.

Amused with all the responses here, if you really think that bitcoin will eventually be replaced by another coin then no one in the right might out would invest in anything that will eventually run out  . Bitcoin is here to stay and nothing is going to replace it and it will not run out of coins, in the beginning some people lost their coins because they were not serious about storing the keys as it has no valuation and that is not the situation now.

[shoreno]

Bitcoin is Finite no matter how long it takes bitcoin will eventually ran out one day but before that happens a new cryptocurrency will probably emerge that will be able to replace bitcoin. it may not be as good as bitcoin but it will be the one who continue the Bitcoin legacy.

Amused with all the responses here, if you really think that bitcoin will eventually be replaced by another coin then no one in the right might out would invest in anything that will eventually run out  . Bitcoin is here to stay and nothing is going to replace it and it will not run out of coins, in the beginning some people lost their coins because they were not serious about storing the keys as it has no valuation and that is not the situation now.

bitcoin isnt the only coin that people are investing with because there were tons of coins out there and they are not as good as bitcoin but they can still be used for money making purposes in the form of trading or investing and yes bitcoin will soon run out of supply but that does not mean that bitcoin will eventually dissapeared in thin air . there will still be bitcoin that will circulate  . people will sell and buy bitcoins again and again and it will be a never ending cycle .

[Rufsilf]

Bitcoin is Finite no matter how long it takes bitcoin will eventually ran out one day but before that happens a new cryptocurrency will probably emerge that will be able to replace bitcoin. it may not be as good as bitcoin but it will be the one who continue the Bitcoin legacy.

Amused with all the responses here, if you really think that bitcoin will eventually be replaced by another coin then no one in the right might out would invest in anything that will eventually run out  . Bitcoin is here to stay and nothing is going to replace it and it will not run out of coins, in the beginning some people lost their coins because they were not serious about storing the keys as it has no valuation and that is not the situation now.

bitcoin isnt the only coin that people are investing with because there were tons of coins out there and they are not as good as bitcoin but they can still be used for money making purposes in the form of trading or investing and yes bitcoin will soon run out of supply but that does not mean that bitcoin will eventually dissapeared in thin air . there will still be bitcoin that will circulate  . people will sell and buy bitcoins again and again and it will be a never ending cycle .

Agree, even if all bitcoin will be mined it will still circulate in the market, in my understanding if we say bitcoin will disappear that means that no one will use and that countries prohibited the use of bitcoin but considering bitcoins popularity these days, I don't think no one will use and also with the price hit $9k, more investors will come out.

[Wellyan]

I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.

right what you convey crypto or bitcoin currency is growing or missing it depends on the government and the investor itself so if the investor doesn't trade bitcoin again and the government forbids it hard maybe also b itcoin will disappear

[FlightyPouch]

There were FUD topics before, there will be FUD topics in the future, don`t pay attention to them, just keep stacking sat`s and you will be fine in the long term!

There is a lot of FUDs in the past and we did not budge to stop investing, that is the reason why we are still here and Bitcoin is here to stay, and we also should keep it that way. FUDs will be FUDs, if you let them affect yourself. you lost. You should not let those FUDs get into your head since you will be overthinking your strategy and might give you a bad result. Bitcoin will not disappear with this community.

[freedomgo]

Bitcoin wont disappear it will stay forever, as bitcoin will be used widely and will be regulated in every country in the long run.

That's my vision for bitcoin and actually the entire crypto market, excluding the scams.

Bitcoins  price will definitely increase in the coming years.

As a believer, we are expecting that, but no assurance so it's still necessary that we have the trust on whatever happen to the price.
What if we reach a new ATH this year and next thing will happen is another long bear run again, that way, only the short term traders makes money and we long term traders has to be more patient.

[marcbitcoins]

Yes, some parts of the Bitcoin did disappeared due to human error during transactions but now most of the new comers and the users are now vigilant on every transaction therefore even some fractions of Bitcoin disappeared and wasted before we have still huge reserves from the 21M total supply which is hard to deplete.

[idham29]

I also doubt will dissapear as long as we have people who use it, miners and nodes who will maintain network on and exchanges and merchants who accept it bitcoin will have long life.

I see bitcoin like getting up from sleep, where 2018 slips so experts estimate bitcoin will die. Apparently they were wrong, bitcoin woke up and immediately hit the market with a significant price increase.
A few days ago the price of bitcoin touched USD 12821 even though today it fell to USD 11455, this is a signal that bitcoin will not die. Bitcoin  I predict until the end of this year can reach USD 20,000.

[DigitalGemToken]

It's possible... after a very long time, Bitcoin might disappear, even though it's very divisible, if enough Bitcoin gets lost, it is technically possible for all 21 million Bitcoins to be in wallets that no one has access to...

-------------------------------------------------------------------------------------------------------------------------------
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Block Explorer: http://www.explorer.digitalgemtoken.com:4200/#/
Wallet: Integrated with the Ark.io Wallet
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Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5149229.msg51287198#msg51287198

[Questat]

Yes, some parts of the Bitcoin did disappeared due to human error during transactions but now most of the new comers and the users are now vigilant on every transaction therefore even some fractions of Bitcoin disappeared and wasted before we have still huge reserves from the 21M total supply which is hard to deplete.

That is given since everyone commits an error as we are just humans, however, the majority of the supply will still remain as in most cases, only small number of bitcoin are lost since big holders are more careful as they know if it's lost it will be lost forever.

I believe in the future there will be banks for bitcoin, a secured one which might be covered with insurance as in the long run, bitcoin will be more valuable and actually the big investors really need some assurance that there assets will be safe.

[bettercrypto]

Do not be afraid OP. Everything is following in side of bitcoin. It will not disappear because many people still care of it. But let just think that it may lose its value soon. That is a fact. There are many threats in bitcoin. Of course, it may sustain today but we do not know what will happen in the future. As of now, we just need to utilize everything in bitcoin. We should also show the interests to use it as means of payment.

[1982dre]

Maybe OP is right, but when it happens it will be in 4022 so I think they will have already some other solution for that.

[mbluxs]

I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.

right what you convey crypto or bitcoin currency is growing or missing it depends on the government and the investor itself so if the investor doesn't trade bitcoin again and the government forbids it hard maybe also b itcoin will disappear

I am still so sure that crypto and bitcoin will last a long time. although sometimes the government prohibits the circulation of bitcoin in every country. but even though many governments disagree, there are still many people who have used it to date.

[gwdf1]

Yeah I think it can be disapear but not yet, maybe in 20 or 30 years..

If it will disappear, it would not reach that long, it would disappear maybe less than 10 years from now, but I doubt the possibility because if we look at bitcoin's fundamentals, we are seeing great progress and therefore I'm expecting a growth because this is not a bubble like other people are thinking.

Its popularity may become not as great as now but it cannot simply disappear. The last Bitcoin will be mined not in 10 but in about 40 years. After that, no one knows what can happen with BTC. Our kids will get the answer.

[Best Dreams]

I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.

right what you convey crypto or bitcoin currency is growing or missing it depends on the government and the investor itself so if the investor doesn't trade bitcoin again and the government forbids it hard maybe also b itcoin will disappear

I am still so sure that crypto and bitcoin will last a long time. although sometimes the government prohibits the circulation of bitcoin in every country. but even though many governments disagree, there are still many people who have used it to date.

Still now I have never seen any country who disliked bitcoin, as bitcoin makes country economically good, it gives jobs and gives new opportunities to our generations, so I am sure it will never lose value but it will gain more value, I think with time bitcoin will become more strong and more popular it will be the most famous crypto currency.

[pinkman12345]

All efforts that tend to diminish the domination of bitcoins so far has been proved futile. The more they try to supress btc the more giant it grows.

[Janation]

we don't know whether bitcoin will continue to number 1 or it may disappear. just pray. because the coins that still survive and must always be there and the increase in bitcoin will always continue.

Prayers can't do anything.

If you want to, you can do that but I don't think it will make Bitcoin "continue to number 1". If the demand for Bitcoin depends on the prayers of the users they've made, then I think that would work out. It is the most popular and most expensive cryptocurrency in the market, I don't think people will let that profit generator go down like that.

[btc_angela]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

we don't know whether bitcoin will continue to number 1 or it may disappear. just pray. because the coins that still survive and must always be there and the increase in bitcoin will always continue.

What has prayers have to do with BTC remaining as the top dog of crypto market? So please, if you are looking for some higher powers here, it's wrong. The price is up to all of us, what price are you willing to sell? or buy?

[umbara ardian]

we don't know whether bitcoin will continue to number 1 or it may disappear. just pray. because the coins that still survive and must always be there and the increase in bitcoin will always continue.

Some people new on cryptocurrency have unstable peforma on they mind, they can't predict what they do on they asset next. so, that noted they will pesimistis to be number 1 or dissapear on the future. we need strong hand here.

[noormcs5]

I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.

right what you convey crypto or bitcoin currency is growing or missing it depends on the government and the investor itself so if the investor doesn't trade bitcoin again and the government forbids it hard maybe also b itcoin will disappear

I am still so sure that crypto and bitcoin will last a long time. although sometimes the government prohibits the circulation of bitcoin in every country. but even though many governments disagree, there are still many people who have used it to date.

Its strange to see that many people still believe that bitcoin is a bubble or temporary currency and it will fade away with time. This is not going to happen. Come back here in 10 years time and you will see bitcoin the main currency and fiat being eliminated or being very less used.

[Tylev]

It seems to me that we should not worry about the disappearance of Bitcoin due to human errors. Of course, so that we do not, but human errors will still be, and the number of working bitcoins will inevitably decrease over time. However, these bitcoins do not disappear, they remain encrypted in the blockchain and there will always be an opportunity to decrypt them with the inevitable growth of technology. However, even if this does not happen, the very development of cryptocurrency also seems to us a way out of this situation and, most likely, cryptocurrency will be transformed into something more perfect.

[senin]

I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.

right what you convey crypto or bitcoin currency is growing or missing it depends on the government and the investor itself so if the investor doesn't trade bitcoin again and the government forbids it hard maybe also b itcoin will disappear

I am still so sure that crypto and bitcoin will last a long time. although sometimes the government prohibits the circulation of bitcoin in every country. but even though many governments disagree, there are still many people who have used it to date.

Its strange to see that many people still believe that bitcoin is a bubble or temporary currency and it will fade away with time. This is not going to happen. Come back here in 10 years time and you will see bitcoin the main currency and fiat being eliminated or being very less used.

Well, they say that the big is seen in the distance. Cryptocurrency still existed too little to talk about the term of its use by humans. However, in its current form, cryptocurrency cannot exist for a long time, since it has a lot of shortcomings and unsolved problems. It will either transform into something more perfect, or it will degrade. This generally applies to bitcoin. If it will still be mined until about 2140, by this time there will still be a lot of events that will affect its existence. Therefore, to talk about what will happen to Bitcoin in a hundred and twenty years is still very early and, apparently, these will obviously not be our problems.

[thisappointed]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

we don't know whether bitcoin will continue to number 1 or it may disappear. just pray. because the coins that still survive and must always be there and the increase in bitcoin will always continue.

The remaining bitcoins we have is only limited, and if I'm not wrong, the article I've read says that we can't mine more, so based on that, I conclude that there is the time where bitcoin will disappear, I mean not totally disappear but it doesn't have a price anymore. I've been in this group where "Pro" people in cryptocurrencies especially Bitcoins says that bitcoin won't last forever, and that goes to everything we have on this world.

Everything must come to an end because that is how it works, everything here is not permanent, we are going to die, and so everything.

[ifinta]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

It is a simple step in a development, to break satoshi's to smaller units, and then the amount of the smallest unit can be restored, if needed...

[paynercash]

maybe bitcoin will disappear, but until BTC disappears, will the earth still exist? With the pollution and destruction of people, even the earth I do not believe it will last forever, let alone BTC.

[TIDOVEE]

As the price decreases, all bitcoin in ones account shrinks as you have said and it becomes ridiculously valueless, but for those who have a large amount in their account bitcoin will not disappear, what will be the essence of all their investments. There are some coins that have actually suddenly left market maybe because after paying up the participants they have little left and thereby close up the account.

[Vishnu.Reang]

All efforts that tend to diminish the domination of bitcoins so far has been proved futile. The more they try to supress btc the more giant it grows.

Please check the charts. The dominance has decreased by more than 4% during the last 7-8 days from 71.5% to 67.2%. I am not sure whether this spike will continue in the near future, but this is the biggest jump in altcoin market share so far this year. And it happened very quickly as well. For me, it looks like a temporary spike and I expect the dominance to go back to 70% plus within the next few weeks.

[cosmofly]

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

No, I think those who lost bitcoins are making the value of BTC increase. because scarce things are always sought and wanted by people.
Bitcoin will take more than 100 years to exploit the rest, and you know, those who lose it will regret it in the next 10 years.