Bitcoin eventually disappear...

[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.

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[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.