This paper examines how fragile Bosnia and Herzegovina (BiH) is and whether it is indeed in danger of collapsing, as significant amount of academic literature often claims. The research finds that BiH is not in an immediate danger of collapse. BiH remains peaceful, despite the numerous challenges it faces. However, it comprises an alarming amount of causes of conflict that have been mitigated because both international actors and local elites benefit from the current status quo. Thus, BiH finds itself in a peaceful stalemate, which is likely to continue until a structural change occurs that triggers the outbreak of violent conflict.