Topic: Super confused; in 10 minutes I went from $440 to $408. (Read 1349 times)
price fluctuates, it happens. the more coins you have the more the value in fiat will fluctuate. on the other side, you have the potential of gaining more value if price goes up.
If you still have the same amount of coins in each transaction (which is 1.7402113), you don't need to worry because those prices indicated by the sites that you're talking about are different estimates from different services. Also, those changes may be caused by the price fluctuations occurring regularly in the bitcoin ecosystem. You know, the price of bitcoin is very volatile, so it isn't that much surprising if your $440 worth of bitcoins soon change to $408.
Chill dude. Welcome to the world of bitcoin.
Chill dude. Welcome to the world of bitcoin.
The value will fluctuate but in a couple years it will still be higher than now.
Welcome to the world of bitcoin. That isn't even much of a difference, wait till you catch a SilkRoad-type flash crash!
Bitcoin is worth what someone is willing to pay for it. It is not a gold/silver backed coin.
It is a investment, one with more risk and reward then typcical ones. If you want to be safe get government bonds. Never risk more then you can afford to lose. That being said I'm a long term holder.
It is a investment, one with more risk and reward then typcical ones. If you want to be safe get government bonds. Never risk more then you can afford to lose. That being said I'm a long term holder.
Yeah like everyone is saying. Bitcoin is super volatile. You have to think in bitcoin sometimes instead of thinking in USD
10 minutes ago you had 1.7402113 BTC
Right now you have 1.7402113 BTC
10 minutes in the future u will still have 1.7402113 BTC
The only thing that changed is a third party's estimate of what that 1.7402113 BTC is worth.
Right now you have 1.7402113 BTC
10 minutes in the future u will still have 1.7402113 BTC
The only thing that changed is a third party's estimate of what that 1.7402113 BTC is worth.
Also, different people and sites have different estimates.
It is not uncommon for various exchanges to have somewhat different exchange rates, although I would say a 7% difference is rather large
That much of a difference must be the respective parties having different valuations of bitcoin. Since there is no official price, anyone can say "bitcoins are worth X." I think a lot of bitcoin businesses are trying to make a few points on each sale by picking a value that gives them an advantage.
10 minutes ago you had 1.7402113 BTC
Right now you have 1.7402113 BTC
10 minutes in the future u will still have 1.7402113 BTC
The only thing that changed is a third party's estimate of what that 1.7402113 BTC is worth.
Right now you have 1.7402113 BTC
10 minutes in the future u will still have 1.7402113 BTC
The only thing that changed is a third party's estimate of what that 1.7402113 BTC is worth.
Thanks!
I was along the lines of the estimate as well, but if the market fluctuation (as reflected by CoinDesk screenshots) was only $5 ... how is it that BlockChain's valuation fluctuated THAT much?
Sounds to me like we may have to consider labelling bitcoins just like we currently do with nuts for people of a certain mental deficiency 
Packet of nuts - Allergy Warning - may contain nuts
Bitcoin - Volatility Warning - may fluctuate in fiat value
Packet of nuts - Allergy Warning - may contain nuts
Bitcoin - Volatility Warning - may fluctuate in fiat value
Bitcoin like any other currency goes up and down. Your bitcoins are still as many as the time you purchased them, just hodl if you can and they might go over $440.
As others already told you, nothing went wrong in your account but just bitcoin price going down.
In case you didn't know, bitcoin price is highly fluctuated. A 8% drop in 10 minutes is uncommon but really not that rare.
As an example, bitcoin price on bitstamp went from $205 to $167 in just 5 minutes the day before yesterday.
In case you didn't know, bitcoin price is highly fluctuated. A 8% drop in 10 minutes is uncommon but really not that rare.
As an example, bitcoin price on bitstamp went from $205 to $167 in just 5 minutes the day before yesterday.
How many Euros was in your account?
The same thing happened with the Swiss franc yesterday. If you had bought $1,000 worth of francs on Wednesday, the amount of francs you have hasn't changed, but they're now worth about $1,150 .
Think about like that, you bought a foreign (international) currency. Its value against USD may be up and down but you still have same amount of Bitcoin.
OP: I have to ask - are you aware that when you buy bitcoins, you are not depositing USD in an account, but buying an asset with a highly volatile valuation?
10 minutes ago you had 1.7402113 BTC
Right now you have 1.7402113 BTC
10 minutes in the future u will still have 1.7402113 BTC
The only thing that changed is a third party's estimate of what that 1.7402113 BTC is worth.
Right now you have 1.7402113 BTC
10 minutes in the future u will still have 1.7402113 BTC
The only thing that changed is a third party's estimate of what that 1.7402113 BTC is worth.
Also, different people and sites have different estimates.
10 minutes ago you had 1.7402113 BTC
Right now you have 1.7402113 BTC
10 minutes in the future u will still have 1.7402113 BTC
The only thing that changed is a third party's estimate of what that 1.7402113 BTC is worth.
Right now you have 1.7402113 BTC
10 minutes in the future u will still have 1.7402113 BTC
The only thing that changed is a third party's estimate of what that 1.7402113 BTC is worth.
Try buying a new car, driving it off the lot and then back on to sell it, and see how much your car is worth. Then if it becomes a classic in twenty years it may be worth ten times as much. It's called market value and is caused by many factors.
Do you still have 1.7402113 BTC?
Jump to: