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Topic: Can bitcoin quantity go down? - page 5. (Read 5438 times)

U2
hero member
Activity: 676
Merit: 503
I used to be indecisive, but now I'm not sure...
October 29, 2016, 06:12:48 PM
#89
Can the total number of minable bitcoins be less than 21M? No. Will there be less than 21M in circulation? You betcha. There are other coins that give rewards for burning bitcoins and people have lost a ton of bitcoins in the past.
sr. member
Activity: 254
Merit: 250
October 29, 2016, 05:33:37 PM
#88
There's 21 millions of Bitcoin and not any less or more. That's as simple as this, so no, it can't fluctuate.
This is the second time that I have seen the same mistake on this thread, there’s is cap of 21 million coins but those 21 million coins have not been mined yet, only when all coins have been mined is when the number of coins will not fluctuate.
Get the total number of bitcoin does not mean anything. According to forecasts, bitcoin in the bank still will not be 21 million, because a large percentage of the loss will be. But even this moment will bring rapid growth of prices for bitcoin in the future.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
October 27, 2016, 12:46:08 PM
#87
There's 21 millions of Bitcoin and not any less or more. That's as simple as this, so no, it can't fluctuate.
This is the second time that I have seen the same mistake on this thread, there’s is cap of 21 million coins but those 21 million coins have not been mined yet, only when all coins have been mined is when the number of coins will not fluctuate.
sr. member
Activity: 338
Merit: 250
October 27, 2016, 07:52:04 AM
#86
There's 21 millions of Bitcoin and not any less or more. That's as simple as this, so no, it can't fluctuate.
hero member
Activity: 630
Merit: 500
Cryptocurrency Wallet - Denaro.io
October 27, 2016, 07:49:55 AM
#85
you can see the list of exchanges and all the coins they have listen on them here: https://coinmarketcap.com/exchanges
it is sorted based on popularity (daily volume)

p.s. you should never keep anything on exchanges. they can shut down and run away at any moment.

Indeed, I agreed with you that we shouldn't keep anything on exchange. And it is true that anytime ant exchange can be shutdown at any moment and we must be careful and aware of that things. But you can trade in any exchange to grow your coins in there.


For me, i am confident that bitcoin wont be down because many of us here were vey positive and always believe that we can work this together as part of signature campaign i always make sure to it that more information delivered to our friends regarding the advantages of bitcoin and nothing could stop the rise of BTC.
hero member
Activity: 1092
Merit: 500
October 26, 2016, 10:09:47 PM
#84
you can see the list of exchanges and all the coins they have listen on them here: https://coinmarketcap.com/exchanges
it is sorted based on popularity (daily volume)

p.s. you should never keep anything on exchanges. they can shut down and run away at any moment.

Indeed, I agreed with you that we shouldn't keep anything on exchange. And it is true that anytime ant exchange can be shutdown at any moment and we must be careful and aware of that things. But you can trade in any exchange to grow your coins in there.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
October 26, 2016, 10:52:20 AM
#83
The quantity of Bitcoin that is available on the network will never go down or up, regardless of what is actively accessible to users. "Burned" Bitcoin is not destroyed, and merely is put in some address that no-one yet has the key to. Given enough time, someone would end up rolling that private key.
That is a mistake the quantity of bitcoin cannot go down but it goes up every day with the bitcoins that are mines, the only moment when the amount of bitcoins will no longer go up is when all the 21 million bitcoins have been mined.
legendary
Activity: 1680
Merit: 1010
Professional Native Greek Translator (2000+ done)
October 25, 2016, 03:21:36 PM
#82
I have some bitcoins in an exchange and I found today that, without any transactions being made, the quantity has gone down.

I have contacted the exchange who have said:

Quote
the balance varies according to the prices that are floating

Is this correct? In my view the quantity of bitcoins I have should not fluctuate, only the value of said coins. Or am I missing something?

Any explanations would be great!

I think you are reffering to the value of your btc alongside the value IN btc of your altcoins. thats why its flactuating
full member
Activity: 189
Merit: 100
October 25, 2016, 03:05:31 PM
#81
I have some bitcoins in an exchange and I found today that, without any transactions being made, the quantity has gone down.

I have contacted the exchange who have said:

Quote
the balance varies according to the prices that are floating

Is this correct? In my view the quantity of bitcoins I have should not fluctuate, only the value of said coins. Or am I missing something?

Any explanations would be great!

Lol another retard with a new account making a post just to get shitloads of responses. Did your mom pick you up after dropping you on the head only to drop you once more. What you saying doesnt even make sense. Please dont be stupid. There is no answer to what you have said because you being an idiot. Good day.
Fraud on the purses can become a mass phenomenon, if not find a justice on those who have access to user data. This is simply unacceptable.
hero member
Activity: 490
Merit: 520
October 25, 2016, 02:32:19 PM
#80
The quantity of Bitcoin that is available on the network will never go down or up, regardless of what is actively accessible to users. "Burned" Bitcoin is not destroyed, and merely is put in some address that no-one yet has the key to. Given enough time, someone would end up rolling that private key.
hero member
Activity: 770
Merit: 500
October 25, 2016, 02:20:43 PM
#79
I have some bitcoins in an exchange and I found today that, without any transactions being made, the quantity has gone down.

I have contacted the exchange who have said:

Quote
the balance varies according to the prices that are floating

Is this correct? In my view the quantity of bitcoins I have should not fluctuate, only the value of said coins. Or am I missing something?

Any explanations would be great!

Lol another retard with a new account making a post just to get shitloads of responses. Did your mom pick you up after dropping you on the head only to drop you once more. What you saying doesnt even make sense. Please dont be stupid. There is no answer to what you have said because you being an idiot. Good day.
full member
Activity: 204
Merit: 100
October 25, 2016, 01:39:45 PM
#78
I have some bitcoins in an exchange and I found today that, without any transactions being made, the quantity has gone down.

I have contacted the exchange who have said:

Quote
the balance varies according to the prices that are floating

Is this correct? In my view the quantity of bitcoins I have should not fluctuate, only the value of said coins. Or am I missing something?

Any explanations would be great!
Only the value fluctuates, yes. If there were fewer Bitcoins someone would have to develop a fork and have everyone agree to becoming part of the fork for it to all work. As of now, no-one has tried and succeeded with that fork.

I believe that the person you quoted was referring to the market cap of Bitcoin, and not the total quantity of Bitcoin available.
Probably wallets start to pick up their spending so by users. This is wrong, I think. But you can influence.
legendary
Activity: 1218
Merit: 1007
October 25, 2016, 01:11:56 PM
#77
I have some bitcoins in an exchange and I found today that, without any transactions being made, the quantity has gone down.

I have contacted the exchange who have said:

Quote
the balance varies according to the prices that are floating

Is this correct? In my view the quantity of bitcoins I have should not fluctuate, only the value of said coins. Or am I missing something?

Any explanations would be great!
Only the value fluctuates, yes. If there were fewer Bitcoins someone would have to develop a fork and have everyone agree to becoming part of the fork for it to all work. As of now, no-one has tried and succeeded with that fork.

I believe that the person you quoted was referring to the market cap of Bitcoin, and not the total quantity of Bitcoin available.
sr. member
Activity: 298
Merit: 250
October 25, 2016, 01:05:35 PM
#76
There are two tables, one shows the live bitcoin price in various currencies. For example:

Dollars     US$601.01
Euros       E   541.06
...

The second table, is 'My Balance'. For example:

Bitcoin     0.5
Dollars    300.50

And since the start of the thread, the quantity of bitcoins has gone up by 0.00000224.
It seems to me like the balance on that exchange is kept in USD, and not in Bitcoin. Therefore, your balance tends to increase or decrease based on the price in USD. I can't be completely sure though. Something isn't right with that exchange.
Agree, how could bitcoin quantity just go down with reason "the price that are floating" which mean they set your value of bitcoin according the current price when you deposit it, however you don't have any exchange into dollars amount so we speculate it as a scammed.
It is so you can lose your coins. This is not an honest course and Exchange administration is responsible.
hero member
Activity: 1036
Merit: 514
October 25, 2016, 12:53:56 PM
#75
There are two tables, one shows the live bitcoin price in various currencies. For example:

Dollars     US$601.01
Euros       E   541.06
...

The second table, is 'My Balance'. For example:

Bitcoin     0.5
Dollars    300.50

And since the start of the thread, the quantity of bitcoins has gone up by 0.00000224.
It seems to me like the balance on that exchange is kept in USD, and not in Bitcoin. Therefore, your balance tends to increase or decrease based on the price in USD. I can't be completely sure though. Something isn't right with that exchange.
Agree, how could bitcoin quantity just go down with reason "the price that are floating" which mean they set your value of bitcoin according the current price when you deposit it, however you don't have any exchange into dollars amount so we speculate it as a scammed.
sr. member
Activity: 284
Merit: 250
October 25, 2016, 12:39:33 PM
#74
I have some bitcoins in an exchange and I found today that, without any transactions being made, the quantity has gone down.

I have contacted the exchange who have said:

Quote
the balance varies according to the prices that are floating

Is this correct? In my view the quantity of bitcoins I have should not fluctuate, only the value of said coins. Or am I missing something?

Any explanations would be great!
Actually, I believe that it is the price may fluctuate, but not the number of coins themselves. I think it may even be associated with any type of fraud either.
I do not trust wallets that provide exchanges. It is not the first time I've heard about what users are deceived.
sr. member
Activity: 243
Merit: 250
October 25, 2016, 11:57:49 AM
#73
I have some bitcoins in an exchange and I found today that, without any transactions being made, the quantity has gone down.

I have contacted the exchange who have said:

Quote
the balance varies according to the prices that are floating

Is this correct? In my view the quantity of bitcoins I have should not fluctuate, only the value of said coins. Or am I missing something?

Any explanations would be great!
Actually, I believe that it is the price may fluctuate, but not the number of coins themselves. I think it may even be associated with any type of fraud either.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
October 25, 2016, 11:36:16 AM
#72
I take it you're looking for an exchange where you can trade altcoins like on Bleutrade? Personally, I've always liked Bittrex, I've tried a number of exchanges but always end up going back to Bittrex. I've never had any problems there, support is good and deposits/withdrawals are processed reasonably fast. Poloniex is also very good.
Cex.io is aso another very good exchange / trading platform, I have used it for so many times and I am very happy about it. But the main issue with cex.io is that it will require some form of personal information for verification before any transaction could be carried out by you.
I don’t think that is something new for Cex.io or any of the exchanges most of them have a Know your Customer policy in place for years if you don’t provide documents they will not allow you to create an account.
newbie
Activity: 35
Merit: 0
October 24, 2016, 01:20:09 PM
#71
Sounds like a load of crap to me.  Huh Get those coins off of the exchange site. They're more than likely stealing your balance.
hero member
Activity: 2688
Merit: 588
October 24, 2016, 12:55:16 PM
#70
I take it you're looking for an exchange where you can trade altcoins like on Bleutrade? Personally, I've always liked Bittrex, I've tried a number of exchanges but always end up going back to Bittrex. I've never had any problems there, support is good and deposits/withdrawals are processed reasonably fast. Poloniex is also very good.
Cex.io is aso another very good exchange / trading platform, I have used it for so many times and I am very happy about it. But the main issue with cex.io is that it will require some form of personal information for verification before any transaction could be carried out by you.
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