if i understood it right, you dont have bitcoins in this exchange. what you have is an altcoin and in your wallet they show the bitcoin equivalent.
for example, i use poloniex and if i have 1 ETH today, in my wallet they will show something like "Estimated value of holdings: $12.15 USD / 0.01835000 BTC".
See, i have 1 ETH and that shouldnt change, but the estimate bitcoin and dollar will.
Topic: Can bitcoin quantity go down? - page 7. (Read 5436 times)
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:
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 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!
The total bitcoin quantity does not change (the 21M) but the useful bitcoin quantity can change but not drop.
People lose their private key or their wallet data or people "burn" them but this does not make the bitcoin quantity going down.
What the exchange has told you I'm know sure what they meant by that but that does not make sense.
bitcoin will go down over time as people forget the priv keys and lose access to their coins, what a sad day.... lol there is also people sending coin s to address that can never be recovered. 
Yes, it should be the value or the price of the bitcoin should go down not the quantity of bitcoin itself. If you have 1 bitcoin it would be 1bitcoin forever. Only its price would fluctuate. As to the exchanger you are saying, I have no idea on what you are saying, maybe you should state the name of it.
The price of bitcoin is not a factor that determines supply. Supply is fixed. However, if people decided to sent their bitcoin to a burn address or for that matter lose access over thei rwallet, you can say the supply is down. Nobody knows the amount of bitcoins that are gone that way, and even a untouched address for 7 years, doesn't say antyhing.
Every block halving can be happen to decrease or down the quantity of our supply its not fix every block halving its happening..
Yes, it should be the value or the price of the bitcoin should go down not the quantity of bitcoin itself. If you have 1 bitcoin it would be 1bitcoin forever. Only its price would fluctuate. As to the exchanger you are saying, I have no idea on what you are saying, maybe you should state the name of it.
The price of bitcoin is not a factor that determines supply. Supply is fixed. However, if people decided to sent their bitcoin to a burn address or for that matter lose access over thei rwallet, you can say the supply is down. Nobody knows the amount of bitcoins that are gone that way, and even a untouched address for 7 years, doesn't say antyhing.
Yes, it should be the value or the price of the bitcoin should go down not the quantity of bitcoin itself. If you have 1 bitcoin it would be 1bitcoin forever. Only its price would fluctuate. As to the exchanger you are saying, I have no idea on what you are saying, maybe you should state the name of it.
No matter what happen bitcoin amount in the blockchain will never decrease in quantity. It may be not spendable but it still reflect in the blockchain. Those who lost their bitcoin wallet together with the passphrase and private keys with it and don't have backup will not be able to move their bitcoin and lost it but the amount is still counted in the total amount that can be seen in the blockchain.
Yes, it should be the value or the price of the bitcoin should go down not the quantity of bitcoin itself. If you have 1 bitcoin it would be 1bitcoin forever. Only its price would fluctuate. As to the exchanger you are saying, I have no idea on what you are saying, maybe you should state the name of it.
Probably you saw your balance in dollars, that is changing with price. But if you think your balance was in bitcoins, then maybe exchange site took something for them. I don`t think something else can happen.
Your question is a bit strange, if you think about quantity of all bitcoins, then i think people lose coins from time to time, or they stay in some wallets where they stay forgotten.
Here I see that most of us think that you have seen your balance in dollars, that is most logical explanation. Try to check situation a bit more and tell us what it was.
Your question is a bit strange, if you think about quantity of all bitcoins, then i think people lose coins from time to time, or they stay in some wallets where they stay forgotten.
Here I see that most of us think that you have seen your balance in dollars, that is most logical explanation. Try to check situation a bit more and tell us what it was.
if you are talking about your bitcoin balance on the exchange, no it should not go down. but if you are talking about the overall amount of bitcoins that exist and are accessible. that can go down because people lose access to their coins quite often.
Current state says that bitcoin could go down because it's stable now and other coins are in heavy competition and they could pull down bitcoin to bottom line. But this won't happen I think because bitcoin the father of all cryptocurrency and they can't take bitcoin down.
I don't think the total number of coins can be lowered at all as far as I know, The total number of coins is pre-determined and the coins that appear can never disappear totally, There are some lost coins but these still count and can be seen in addresses.
Which exchanger is it?
It seems the exchange keeps your balance in other currency than bitcoin, probably fiat, and calculate how much bitcoin you have according to that other currency's value to bitcoin.
It seems the exchange keeps your balance in other currency than bitcoin, probably fiat, and calculate how much bitcoin you have according to that other currency's value to bitcoin.
i read its bleutrade. it is kinda shady that your amount of bitcoin decline just sitting in their exchange. Wow is there someone there eating pies of bitcoin that is deposit in their exchange? I think better to avoid that exchange and thank you for the information.
Which exchanger is it?
It seems the exchange keeps your balance in other currency than bitcoin, probably fiat, and calculate how much bitcoin you have according to that other currency's value to bitcoin.
It seems the exchange keeps your balance in other currency than bitcoin, probably fiat, and calculate how much bitcoin you have according to that other currency's value to bitcoin.
Very strange, I have only ever used Bleutrade for altcoins and had no idea this happens to bitcoin, usually it is simply the value of the coins that change, I suppose in a way it could be good if the value goes up but I wouldn't hang around to find out.
Safest thing is to remove your coins and put them onto another exchange as this sounds shady.
Depending on what you intend to do with your coins you have a good choice of exchanges, the Coinmarketcap link that was sent before will help you, if you click into bitcoin and then markets it will list the exchanges for you.
Bittrex and Poloniex are good choices if you wish to trade your bitcoin for other coins.
Safest thing is to remove your coins and put them onto another exchange as this sounds shady.
Depending on what you intend to do with your coins you have a good choice of exchanges, the Coinmarketcap link that was sent before will help you, if you click into bitcoin and then markets it will list the exchanges for you.
Bittrex and Poloniex are good choices if you wish to trade your bitcoin for other coins.
That's good advice. At the slightest sign of trouble move your coins to your own wallets, or another exchange. If any exchange starts showing bugs in your balances it's no longer worth trusting it with your coins. Any bugs are red flags because hackers exploit them, and half the exchanges that ever existed were hacked.
This is why you should not store large amounts of Bitcoin in exchanges. Use these exchanges to move fiat to Bitcoin, and then move
these coins. You do not own the coins on these exchanges, if you do not control the private keys. {golden rule #1} If, you have to trade,
keep the amounts on these exchanges low, and only leave the amount you are wiling to "gamble" with.
Very strange, I have only ever used Bleutrade for altcoins and had no idea this happens to bitcoin, usually it is simply the value of the coins that change, I suppose in a way it could be good if the value goes up but I wouldn't hang around to find out.
Safest thing is to remove your coins and put them onto another exchange as this sounds shady.
Depending on what you intend to do with your coins you have a good choice of exchanges, the Coinmarketcap link that was sent before will help you, if you click into bitcoin and then markets it will list the exchanges for you.
Bittrex and Poloniex are good choices if you wish to trade your bitcoin for other coins.
Safest thing is to remove your coins and put them onto another exchange as this sounds shady.
Depending on what you intend to do with your coins you have a good choice of exchanges, the Coinmarketcap link that was sent before will help you, if you click into bitcoin and then markets it will list the exchanges for you.
Bittrex and Poloniex are good choices if you wish to trade your bitcoin for other coins.
That's good advice. At the slightest sign of trouble move your coins to your own wallets, or another exchange. If any exchange starts showing bugs in your balances it's no longer worth trusting it with your coins. Any bugs are red flags because hackers exploit them, and half the exchanges that ever existed were hacked.
This is complete wrong, bitcoins fluctuation has nothing to do with your btc balance at any exchange, if you deposit 0,10btc you must have that balance, if you dont do nothing with them you cant loose any satoshi, its called stealing and the exchange is doing that. The only thing that exchanges might show is the dollar value of the bitcoins and altcoins you do own, and this is volatil.
I have to agree with others, if I am reading this right, the only time bitcoin will go down is when it would have halved. There should be no other reason that it would do that. If you are talking about the price, it is just like a currency and will go up and down on a daily basis.
If you are saying about the price of bitcoin which fluctuates then its right the prices fluctuates in the market and it will continue according to the market. Now a days more crypto-currencies are introduced in market so the value of bitcoin can face a serious competition.
Our good luck this year the price of Bitcoin is settled b/w 550$ - 650$. Now from last few weeks it's settled in 600$+. When halving happened last time after that, the Bitcoin price went down like hell. We thought it would repeat but it not been done. For that, we have been happy. And yes nowadays number of cryptocurrencies are coming to the market in this time the price will fluctuate it's common. 
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:
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 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 don't understand a part about 'said coins'? What are these? As for quantity of Bitcoin, I think it is obvious that it is a preprogrammed number which equals 20 million. There can't be more. What about less? I gues if everybody stop mining them or something happens that makes mining impossible then we won't reach this number of btc.
If you are saying about the price of bitcoin which fluctuates then its right the prices fluctuates in the market and it will continue according to the market. Now a days more crypto-currencies are introduced in market so the value of bitcoin can face a serious competition.
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