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.