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.