Topic: Can bitcoin quantity go down? - page 8. (Read 5436 times)
It seems that you have picked a weird or wrong place to store your bitcoins. Well, if it's their policy to store your money as other currencies like fiat, you must change your "bank" before losing lot.
I think he is talking about the quantity or how much he is holding amount of bitcoin in his wallet in exchange site..
If its reduce its should not reduce the amount of your bitcoin.. what exchange site do you mean?
Its bleutrade as op have already posted about the exchanger here https://bitcointalksearch.org/topic/m.16411238If its reduce its should not reduce the amount of your bitcoin.. what exchange site do you mean?
And they are not quite well known trading platform so may be this issue is due to some bugs in their script or some manipulation by them in database. Or it may be due to the price fluctuation of bitcoin.
If you've purchased bitcoins on an exchange and expected to have received 100USD worth of Bitcoins, 100 USD back then would have been 0.17 Bitcoins, but considering current rate it may have decreased to 0.16 Bitcoins. SO basically as price varies, the quantity you receive from an exchange varies. It's the simple rule of how the stock market works.
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.
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!
That is not something happens normally with bitcoins you have in a exchange even if the price of bitcoin drops or grows, that only increases the value of the coins you have as you mentioned, if the amount of bitcoins you had in the exchange decreased then you should take your coins out of that exchange as their must be something wrong with their exchange.
I think franky is spot on, the balance on an exchange is just simply a database spreed sheet, if the exchange decided to change your amount secretly then it my be very hard for you to prove other wise.
I think he is talking about the quantity or how much he is holding amount of bitcoin in his wallet in exchange site..
If its reduce its should not reduce the amount of your bitcoin.. what exchange site do you mean?
If its reduce its should not reduce the amount of your bitcoin.. what exchange site do you mean?
Have you worked through their ToS to see if they are stipulating anything about fees being charged for some feature they might be
hosting? These sites always find ways to trickle funds into their accounts, for some obscure reason. {profit} They operate much like banks
and lure you in with "zero" fees, but in the fine print, you always find that some "extra" features, require you to pay some fees.
hosting? These sites always find ways to trickle funds into their accounts, for some obscure reason. {profit} They operate much like banks
and lure you in with "zero" fees, but in the fine print, you always find that some "extra" features, require you to pay some fees.
The bitcoin quantity, I think in my assessment it has no relevant to make bitcoin down actually. So it won't affect at all in the bitcoin community.
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.
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.
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!
Maybe the exchange has some hidden fees.I don`t know.
Or maybe the exchange monitors the bitcoin value in fiat money.
If you deposited 100 USD worth in bitcoins and btc price increased,those 100 USD are now worth
less bitcoins.
Okay. Well thanks to all for your help and explanations. Things are a little clearer now 
Any suggestions of an exchange that I can use as an alternative?
That depends on where you are located. Good suggestions for Europe would be Bitstamp and Kraken. US would be Circle and Coinbase I guess. Others may have better input on this matter as barely use exchanges. You could also use the search function to find old discussion regarding this topic. Any suggestions of an exchange that I can use as an alternative?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.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.
Okay. Well thanks to all for your help and explanations. Things are a little clearer now
Any suggestions of an exchange that I can use as an alternative? 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. 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.
I doubt the quantity can go down, that was probably a talk about the price in the exchange etc... there are 21 million BTC's to be found eventually and if you don't exclude the coins in lost wallets etc... then they will be 21 millions.
1 BTC is 1 BTC and It has nothing to do with exchange or anyone else, which exchange are you talking about? If you have tokens or any other currency or formula then this is another thing otherwise it should stay the same.
Obviously not. Because once the bitcoin is mined that can't get lost in air. But bitcoin price could go down and and but it's market value would be reduced but this doesn't mean that bitcoin quantity will be affected. Once bitcoin is mined that amount could never get vanished.
But suppose currently there is 1 million bitcoin so market is about ~ $606 x 1 million but if price comes down to $500 then it's market value would be $500 x 1 million so thus way it can affect but not in bitcoin quantity.
But suppose currently there is 1 million bitcoin so market is about ~ $606 x 1 million but if price comes down to $500 then it's market value would be $500 x 1 million so thus way it can affect but not in bitcoin quantity.
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.
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.
What exchange is that? Maybe they are not real but some scam site. But the amount of Bitcoins on some exchange has nothing to do with overal amount of Bitcoins. Although with time the quantity of mined Bitcoins will go down because this quantity is limited.
it shows a table showing quantity of bitcoins, and value of the bitcoins based on the current price
a)what does: "quantity of bitcoins" balance showb)what does: "value of the bitcoins based on the current price" balance show
i would think ethically if you deposited say 1btc... a)=1btc, b)=0
if you however traded half that bitcoin in the past to be holding some as dollars
a)=0.5btc, b)=
and a second table elsewhere for the dollar side
a)=$300, b)=
where the balance (shown in one colour) is the varied estimate (of said same colour)
an after thought
double check the balance/valuation of all the currencies as you may find you have balance elsewhere. which is causing the "valuation" hiccup.
if not.. then something very unethical and scammy is going on
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