No, eventually you will have all the stiches bound off.
What you do is at the beginning of the next row--
bind off 4 and work to the end.
Bind of 4 at the beginning of the next row and work to the end.
Repeat the above two rows.
Then bind off 3 and the beginning of the next two rows, the same way as above.
At this point you should have 16 stitches left on the needle. Bind them off.