Bitcoin eventually disappear...

[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.

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[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