Extinction Is the Rule; Survival Is the Exception (Carl Sagan)
It is not a matter of “good or bad”, as “good and bad” are human perceptions. Extinction is a natural process that can have different causes giving rise to new species. It’s part of life that goes on.
“In biology and ecology, extinction is the end of an organism or of a group of organisms, normally a species. The moment of extinction is generally considered to be the death of the last individual of the species, although the capacity to breed and recover may have been lost before this point. Because a species’ potential range may be very large, determining this moment is difficult, and is usually done retrospectively. This difficulty leads to phenomena such as Lazarus taxa, where a species presumed extinct abruptly “re-appears” (typically in the fossil record) after a period of apparent absence. Through evolution, new species arise through the process of speciation—where new varieties of organisms arise and thrive when they are able to find and exploit an ecological niche—and species become extinct when they are no longer able to survive in changing conditions or against superior competition. The relationship between animals and their ecological niches has been firmly established. A typical species becomes extinct within 10 million years of its first appearance, although some species, called living fossils, survive virtually unchanged for hundreds of millions of years. Most extinctions have occurred naturally, prior to Homo sapiens walking on Earth: it is estimated that 99.9% of all species that have ever existed are now extinct”