Bitcoin Forum

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 no idea what you're trying to ask nor say here. Bitcoin quantity does not go down, it actually goes up with the process of mining.

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What exchange are we talking about? Please elaborate your situation more properly.

bitcoin itself has nothing to do with an exchange.

inside an exchange you are not looking at bitcoins. you are looking at a database balance of credits that (ethically) should represent bitcoin.
meaning
the exchange is ALLOWING you to have some balance of their database. which if the exchange is ethical they will swap that balance for real bitcoins when you withdraw.

the exchange can do anything they want to their database. they can charge fee's just for having a balance, they can charge fee's for making orders they can charge fees for deposits and withdrawals. they can so anything they like to their database. including making it zero for any lame reason they want.

this is why people hate middlemen, banks, exchanges. with all the "we been hacked" lies, with all the negative interest rates, with all the bankruptcy issues you should not trust handing your funds to a middleman in exchange for their "credits"/"balance".

as for bitcoin itself. knowing eventually there will be only 21mill coins. you cannot make the quantity go down. you can however put them into an address no one can spend from, to make them unspendable.. resulting in less than 21million coins being spendable/in circulation.

now that answer the topic.
it seems like an exchange is messing you around, care to name the exchange, describe the events better?
have you contacted the exchange?
have you checked the trade history/transaction history within the exchange to see where/why the balance missing had gone?

Thank you both for your replies. And @franky1, that has taught me a lot!

I am with Bleutrade.

Between yesterday and today, there has been a reduction in bitcoins by 0.00214616 (not much, but it's more the principle).

I have contacted them, and they gave the reply that I originally posted ("the balance varies according to the prices that are floating").

I have been through my transaction history and there have been no changes between yesterday and today.

I think it does not go down. This thing only happens during halving as far as  i know developers will make a halving period in order to minimize the over sized of bitcoin's amount so they decided that during halving  the bitcoin quantity will be divided into half.

What you're experiencing is exchange specific and does not really have much to do with Bitcoin itself. The exchange can change your balance at any time, although that would make them a scam. Keep in mind that Bitcoins owned on a exchange are not yours, since you don't own the private keys to the addresses.

i think that bitcoin  quantity will never  go down because bitcoin is very useful and and everyone using bitcoin for online shopping and many people use bitcoin as investment so bitcoin are going ahead and every company are adopting bitcoin for their own business.

seems by what you are saying they are less then ethical.

the only other consideration is:
and instead of say, a deposit of 1btc being recorded on their database as 1btc, they are instead recording it as the dollar value when you deposited.
which means when display that recorded dollar balance as a fluctuating btc value which changes.

this does not seem fair as most exchanges dont do this in practice.
have you read the terms or their policies that allow them to treat you bitcoin deposit automatically as a dollar balance.
did you deposit bitcoin or dollars initially

did you swap your bitcoin for dollar and are accidentally just looking at a "valuation" rather than actual balance.

it might be worth
checking their terms/policies
checking that your seeing a balance/holdings, rather than an valuation
checking when, how your initial deposit suddenly no became no longer treated as equal balance.

it may be simply that you deposited dollars and without trading have been looking at an 'estimated valuation in bitcoin' rather then a log of actual balance, mistakenly thinking they converted it to bitcoin. but actually just giving you an estimate if you traded it.

if however you deposited bitcoin but did not convert it to another currency, and they cannot explain how/where/why they have this 'floating value' feature. then i would say its unethical and scammy. and dont deposit any more with them.

I have been through their terms and conditions (not exactly a big read) and could not find anything regarding how the bitcoins are treated.

I deposited the bitcoins as bitcoins (straight from my wallet) - a set quantity and have not exchanged it into a dollar amount.

In the 'wallet' (profile page on the exchange), it shows a table showing quantity of bitcoins, and value of the bitcoins based on the current price.

I am waiting to hear back from them for an explanation and will keep you posted. But yes, I will not be depositing any more for the time being until I hear back from them.

a)what does: "quantity of bitcoins" balance show
b)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)=<varied estimate +/- ~0.5btc>
and a second table elsewhere for the dollar side
a)=$300,  b)=<varied estimate +/- ~$300>
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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.  ::)

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?

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.

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.

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.

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.

Its bleutrade as op have already posted about the exchanger here https://bitcointalk.org/index.php?topic=1631583.msg16411238#msg16411238
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.

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.

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.

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.

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 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.

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.

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.  ;)

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.

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.

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.

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.

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.

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.

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.

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.

I think many people are forgot their wallet which is holding a lot of bitcoin and some investors in bitcoin are dead. so it can help that bitcoin will stay in the good price until new adopters and investors are come that can increase more the value of bitcoin..
Every block halving can be happen to decrease or down the quantity of our supply its not fix every block halving its happening..

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.   ???

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.

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.

He is probably talking about margin lending on poloniex. If any sharp movements happen on the market, you can lose bitcoins...

no bitcoin quantity will be never go down because bitcoin are going to more stronger and bitcoin adoption are going to more increasing day by day and i hope that bitcoin will get more stronger in the future .

I am angered what happened with bitcoin lose. We can imagine, people with huge amount of bitcoin save bitcoin on usb, and they broke or lose it. Is bitcoin quantity is go down?

Bitcoin's quantity is destined to be limited to 21 million and that is not going to go down. Unless there are a lot of bitcoins who are stored in the hard wallets and have been misplaced for some place that you can't even remember and that is going to make the quantity of bitcoins down in the economy, but for the total, it won't.

You are right. Bitcoin is limited to 21 million. But in other case if someone safe their money in wallet and then he /she forget the password the amount of bitcoin that can be used is decrease. But bitcoin can divide into 8 decimals so each number of bitcoin is very very worthed in the future. It is better than if there is inflation in bitcoin.

With my experience from exchanges I got to realize fees I don't know. A lot of them are hidden fees or fees I have not read across in their charges. That is how they make their money from fees they charged you everytime you use their services, of course it is needed for the site to be fully operational daily. My advise for you bro if that continues to happen withdraw your bitcoin from the exchange and read the chrage and fees section for your to understand.

of course bitcoin quality may decline at any time. if the price fell below bitcoin hundreds of dollars, most likely, the interest that people have to have a bitcoin will decrease, thus making many people trade bitcoin they have become dollars. it would make the quality of bitcoin be dropped, and the possibility of a lot of people back looking altcoin higher than bitcoin

I am not aware of limit of the bitcoins. But I am sure usage of bitcoins will not be same in the future and as mining get reduce every halving. Bitcoin may a stuck in here and there.

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.

Oh! do yo mean that if someone loose access to his key the bitcoin amount associate with address is gone forever and will reduce the quantity of bitcoin ?
I have never thought of that, I was thinking that the person will just lose the coin but the quantity of bitcoin will not reduce. Maybe controllable amount of bitcoin may decrease but all 21 million bitcoin will stay within bitcoin addresses only.

Op has already someone said if the funds were without being invested into anything, margin or lending or even trading, never could happen change the ammount of bitcoin or altcoin you do have, just their value changes daily, if the exchange you present is taking your coins just leave it before it turns into scam.

No, how's it possible. Bitcoin is not printed like other paper currencies and there do fear of wetting, tearing, our writing on the note and destroying the currency. It is just a number which is stored online and on other storage media. But well if someone forget wallet password or private key then obviously he will have no access to his money and that amount will become useless and stsy forever in his wallet thus is the loss we can suffer but still the quantity will remain the same.

Quantity can't go down but usability could go down, here i explain why.
Suppose you have 1btc and you forgot your wallet password and even your private key if your wallet so can you access back to your account. Obviously your money will get locked and never in your lifetime you could use that amount and that amount will be there still in your wallet and in Byron network but it's not usable.

Actually bitcoins quantity can go down. Well it has happened before. There are many bitcoins that has been stored in hardwares and other storage and it was damaged, lost was thrown out and that has caused the number of bitcoin to decrease. The problem with hardwares and saving bitcoin on desktop wallet or in a usb if anything happens like damage to computer and hard drive may cause losing your  bitcoins and it will affect the total bitcoins in circulation.

The number of bitcoins in circulation can go down but the total number of bitcoins cannot go down. It will only increase because of the miners. The number of bitcoins in circulation will reduce from time to time because some bitcoiners forget their password, loses their private keys, or maybe faces death which obviously wouldn't allow him to use the computer anymore. But if OP was asking if his bitcoins will go down, no it will not. It will remain the same unless you spend it.

No, the quantity cannot go down because that would mean our wallets being shrunk down. The price can, so can the popularity of it. Quantity will ONLY go up. If it stands still, we will know it's the end of Bitcoin.

from the look of your post it seems simply that your balance is fluctuating and not your coin, i think there was some confusion in your question asked to the support of bluetrade, unless you are also trading and you are losing some portion of your coin on fees

He would probably know the fees of trading if he is trading from some time but i guess his coins are decreasing maybe because he is buying higher and selling them quite lower maybe, or if he is just not trading and still the amount is decreasing then there must be a problem in the exchange.

I think your currency is in dollar that is why the bitcoin value is fluctuating. This is the possible scenario, since your currency is in dollar, your possible bitcoin value is displayed. When exchange rate changes, so is your possible bitcoin value and vice versa if your currency is in BTC, your possible dollar value will fluctuate depends on btc exchange price.

But that does not lower the amount of bitcoins at all, what that does is those coins will never be spent, but we have no way to know if someone lost access to his wallet or if he is just letting his coins sit idly.

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.

Sounds like a load of crap to me.  ??? Get those coins off of the exchange site. They're more than likely stealing your balance.

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.

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.

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.

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.

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.

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.

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.

I think you are reffering to the value of your btc alongside the value IN btc of your altcoins. thats why its flactuating

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.

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.

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.

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.

If you have bitcoins and are not making transactions, then the number of bitcoins shouldn't change. However, if they are showing the account value in US dollars, then that will vary because the price of bitcoin in US dollars is constantly changing.

Firstly, you're a new user, you shouldn't really have bought/got bitcoins before researching them.

Also, the amount of Bitcoins cannot technically decrease, they always increase.
The current rate they they increase is approximately 12.5BTC/10 minutes.

They could technically decrease in volume if bitcoins were somehow "lost" (however, they could technically be recovered somehow as there is usually some sort of trace left). And this last one wouldn't currently happen at the rate of inflation of Bitcoin unless a companie started trying to delete their rewards for the blocks that they mine.

The amount of 21 million bitcoin is final. So the amount will not goes up or goes down. But in other case the amount of bitcoin that use able can go down. I mean if someone forget their password of bitcoin wallet, and their bitcoin wilk stuck in that wallet forever.

Optimistic forecasts confirmed what the facts really pleasing to the user. Good pace on the bitcoin price increases should lead to an increase in demand for bitcoin. This means that the popularity of its differences.

yes that is a fact, the number of bitcoin is increasing by the minors but not decreasing, only the value of bitcoin can fluctuate and not the number of bitcoin.

A lot of talk about the financial pyramid against bitcoin. Although judging from the ability to store their coins in a safe purses, it is only if the administration itself all exchanges that provide services, must be involved in this scam. But this is impossible. So bitcoin stable growth will continue until the last coin will be produced.

Original amount of bitcoin nobody ever will produce, because a certain amount will still be lost and will not be available to the user. Such analyzes give predictions experts. But because of this price will not fluctuate.

If you have deposited in USD or any other currency but not in BTC then it looks reasonable that you balance in BTC is fluctuating. But if your balance was in BTC from the beginning then there should be no fluctuations, 1 BTC is always 1 BTC.

I see that too. Bitcoin and altcoin price can only fluctuate due to the forces of market demand and supply but not the quanty you have. For sure, if bitcoin is not in mr A's Wallet then in must have been sent to Mr B's Wallet. Bitcoin quantity cannot go down.

Yeah right everything is base on demand and supply not a quantity.. like blackhalving happens when our supply are reduce by half and now we have 12.5 btc rewards for every block that is why we are experiece of price increase

If now there is a good growth trend bitcoin, I do not see any prerequisites for its fall. Especially future cryptocurrency foregone conclusion.

Yup price is continuously rising at the recent days. I guess when it reaches christmas or new year time. I am sure bitcoin price is around 800$ and more than that. However it is healthy for bitcoin and its growth.

With the bitcoin price rising and it being hard  to mine i am sure that by the end of 2017 we will start seeing some interesting things about bitcoin

After another fall on the stock exchange Bitfinex I have little confidence in the wallets, but bitcoin I was not disappointed. I believe in strong predictions about the great future of digital currency.

I think OP is referring on his balance on some exchange site, but I don`t think someone can help him about it. He need to contact support, and if it`s possible to give some proofs of his words, that is hard I guess, but maybe there is somewhere written his last transactions, maybe he can make calculations and that to be a proof how much he had exactly in his balance.
OP I suggest you to warm up your chair and pull records from that site, calculate your deposits, your profit on trade and everything and you will see is your balance accurate or not, then contact support, I wish you good luck I hope you will solve your problem.

Bitcoin has become the hardest crypto currency to mine and it will last that way for a while since its price is going up so fast, wich means its is gona require a lot of time and hardware to get wich will make the quantity of bitcoin on the internet smaller.

I think what he is saying is that the dollar value of his bitcoin has gone down, not specifically his total bitcoin. That or his account might have been compromised and somebody took some bitcoins from his wallet. With all the hacking going around, we should all be vigilant and make conscious efforts to make our wallets as hard to hack as possible.

This is not possible the only explanation would be this site is stealing from you.
Get it out from there and choose another one.
You will only lose some of your bitcoin whenever you transact or send money to another wallet with fees. Be careful and good luck.

Yeah thats right, but if some one can take a litle amount of our bitcoin in wallet why he or she did not take all bitcoin amount that we have. In this case probably the web wallet charge a monthly cost. But I never find it in the wallet that I used.

I think, you might have some Altcoin and you see the equivalent for bitcoin. If the value of that Altcoin goes down, yes! the bitcoin quantity also goes down. This is the probability of the answer (You've quoted) from the exchange you're using.

I do not think even the popularity will go down because with the way bitcoin is been talked about and recommended by bitcoiners to their friends, it is very unlikely that it popularity will diminish I believe. Quantity of bitcoin will remain same but "controllable quality" may diminish over time due to lost private key or intended burning.

Recent bitcoin losses were this summer, when a hacker broke into wallets. But it did not gave rise to a strong decline cryptocurrency prices. Therefore, bitcoin is very strong in their positions.

i think bitcoin quantity go up and more people want to adopt the bitcoin in huge amount because bitcoin is very much secure, safe and useful currency nowadays and bitcoin is really rise up its price too much faster day by day and there is a lot of people adopting bitcoin in huge amount then holding their bitcoin for the future and they sure that bitcoin will be rise up in the near future and they can be get profit in good amount.

The value of Bitcoin changes, so 1 day Bitcoin can value like 700 dollars, the next day it could be 600 dollars.  The amount of Bitcoin you have unless you are invested in something, will remain constant unless you have any transactions.  So no, the quantity cannot go down but the value can.

Stability in the form which is observed today is very good. The main thing that bitcoin has not spoiled its reputation.

The exact number of users can not be calculated, because if it is done only in the number of financial transactions carried out or the number of registered wallets, but since you can have several wallets is very difficult to calculate how much popular bitcoin.

No, it's impossible. What happens is that people lose their money when they forget the wallet password, ID... So, they can't access their money and the BTCs are lost forever. But at some point, when the Bitcoin reach to 21 millions total, they will stop increasing the amount. So, there won't be mining anymore, and it will make the coin price increases a lot, at least it's that I hope for.

The amount will be really the same, but availability is not always real for a certain amount of bitcoin. The fact that to date, not all coins are mined, and it will take several more years. But still it is not replaced by any particular position, the main thing that it will affect the price of bitcoin and its price will rise in a few times at least.

This thread should be closed, the OP has had his answer a long time ago : the exchange he was using was shit.

How dumb question. When we have bitcoin already mined all who will be there to put back the bitcoin in its block again. There is no such possibility to reduce the quantity if mined bitcoin. Already 15.xxx million bitcoin is mined and these amount would always exist in bitcoin network let whatever happen to the network

I wonder how the quantity of mined bitcoin ever go down. I think it's your imagination. Anyway bitcoin quantity is never going to get reduced rather day by day the quantity is keeping increasing and it will continue till all 21 million bitcoin is mined and in my view 21 million bitcoin will not be mined because award will go down its minner will give up mining

No quantity can't go down but bitcoin could get loosed because many user are forgetting their wallet id, private key our wallet password and that amount of bitcoin would get loosed forever from bitcoin network and that would affect its quantity because that amount would get stored in dark forever

I do not know, I've never heard of this, but if it really happens maybe it happened when halving. a decrease in the number of bitcoin today probably can not happen, because every bitcoin who have been out already have a person each for holding the bitcoin. however, if there is a decrease bitcoin, it may be caused by halving.

It would be good to get more legal help and here in such matters, when your money virtually disappear from your purse without a specific reason. But because of the lack of recognition of the global financial sector, bitcoin is still in the shadows.

Quantity  of  bitcoin  could not  go down but   the accesibility  of  each  one  of them  might  be restricted  because  of those  coins that  are lost  on bitcoin ecosystem  , same as  others said here that  people  who lost their  bitcoins    because  they  forgot   their  password and cant able   to access already to the wallet which  means  the coins  is still there  floating around.

There may be suspected criminals who have picked up your password. But this is unlikely. I do not think it's that simple. Purses have a very good level of protection.

actually this can happen. and it is called loss! it can be either from burning coins to one of the burning addresses (bitcoin address without a privatekey) or it can be because people have lost their private keys, encryption passwords or hardware malfunction that led to loss of wallet file. these coins can never be recovered.

If we use 2FA increase more security, opportunities for stolen our bitcoin almost impossible. I more believe you can guess the password 100 member on this forum without any wrong than steal your bitcoin in wallet with 2FA.

I don't believe that bitcoins can be stolen that very easy. Because it is the negligence of a bitcoin wallet owner whenever his bitcoin will be stolen. It's either his password was given to other people by him or forgot to close or log out his account. And upon being hacked, those bitcoins will remain forever and there is no way to recover it, and it will still count to the quantity of bitcoins.

Not true the bitcoin going down. Look the price as of now it will increasing daily and monthly . more people i think millions of people are using bitcoin and many country are  accepts bitcoin as of now. Thats bitcoin more powerful its for the whole world. Bitcoin not going down ever and ever.

Overall,yes.
Bitcoin supply is planned to get lower as years are passing,because some private keys of addresses that contains bitcoins are getting lost over the time by people who just forgot about their wallet,lost their private key, or were just dead and got their bitcoins lost.

Everytime a bitcoin is being lost it is a pure benefit to the community as it makes less bitcoins in circulations which will always make the price go higher.

I remember some dude that had around 30k of bitcoins on his HDD wallet and later he threw it away and when the price jumped to .13k in 2013 he tried digging all over the junk yard and home in hope of finding it, but he didn't . So, that bitcoin is lost forever, just it's not some great number of btc to affect the maximum number of bitcoin that can be mined.

Never does it goes down
-EVERYSAY MINING makes it nore and more bitcoins in the evert day life
-due to salr paenls also the bitcoins are increasing day by day .thats a very good thing btw
Bitcoin can be exchanged and ur question is confusing so please elaborate it vastly .
KudoosKudoos :)

In the begining there were a total of 21 milion bitcoins to be mined, and on the last 7 years, several people had lost their bitcoin, soo the quantity its already lower then 21 milion, maybe there is now around 20 milion bitcoin just.

There has already been a research that showed that more then 5 million coins were already lost.

Although I think that in the future we will be able to recover those lost coins from the first wallets, as they are unsafe and we will probably be able to release the funds through a hard fork or something, or even a quantom computer will be able to hack the private key

no that won't be possible ever. a lost coin is a lost coin and you have no way of knowing if it is lost or someone's cold storage. just because it is not touched you can't call it lost.

and about quantum computer i have to say we are ages away from that day but when something like that happens we will be long on another more secure type of private keys invalidating all the previous ones!

Those bitcoin will be still as alive and never burn it was not lose but never use it again because some holders of bitcoins forgot their bitcoin.. and some other bitcoin users send it for a wrong address it doesn't mean those coins are lose but it still alive because it can not affect the value. and the price won't never be crash because of this..
So there is no quantity will go down this is not the same as altcoin that every year there is total of altcoin burned in order to increase the value of every each of coin..

Bitcoin quantity can go down. In the early days, miners accidentally used a faulty software and claimed the reward that is less than 50BTC at the start of Bitcoin. The actual total possible Bitcoin is about 20.9Million BTC.

Coins are still being lost with people losing private keys and some burning it. The smaller denomination of Bitcoin will simply be worth more.

I know this thread is quite old but I thought I'd chime in. It means your exchange is using some currency and equating it to bitcoin. As for if quantity can go down, no bitcoin will not change from the 21 million imo although coins are lost all the time meaning if you ask me there will probably only ever be like 17m in circulation and like 7m changing hands.

This  is  new  to me and   thanks  for the  info, can you show  a  link regarding  on this  information? On  how  bitcoin could  possibly go down its  quantity.  If  its  possible then for  sure  bitcoin  would  be valuable. As  you said   if the  count  would be  less , bitcoin  would be  worth  more.  Lossing   bitcoins  are  not  schoking news anymore because  it really happens  on  bitcoin ecosystem because  of   the negligence of  other  bitcoin users.

that's right using a two factor authentication could help the users to make their vault or wallet to be more secured and it can help you to avoid those thieves to access your wallet but there will be another problem if ever that user lost or forgotten their passwords or much worse if their 2FA code .

The quantity of Bitcoin in circulation is less than the actual number in theory, some people have lost their private keys, Hard Disc crash and so on.  It can be lost and destroyed but we can have less than 21 million so the quantity has actually  go down

The rounding off of the block rewards will eventually introduce a slight problem. You can calculate it yourself, starting from halving 50BTC to the bottom.

The problem I highlighted was addressed in BIP30[1]. My apologies, I missed out on the fact that the block reward can be less than the expected amount. Corrected it in my original post.

[1] https://github.com/bitcoin/bips/blob/master/bip-0030.mediawiki

Should amount of bitcoins are stay if you don't trading to altcoins,withdrawal or losing some coins in trading. But your problem is strange where do you put the bitcoins? I think you must tell us it will give us more details, and if you have valid proof you can make open post on scam accusations.

If you wish you could leave bitcoin network with available bitcoin in your wallet and that amount would never be used by anyone and that amount would be called dark amount because it's useless and no one will use it again. So this would reduce the quantity of bitcoin in circulation

It is difficult to imagine the difficulties of such a scale. It is not surprising that many have begun to complain about the safety of their wallets. But to disappear there is no place. How to legally defend themselves in such a case.

Why then write your bitcoin forever if you can still use coins for their own needs, I do not care if they do not want more to apply.

I think this is empty talk, and came to nothing lead. If someone accuses someone, you need evidence to make us believe, but on the other hand, we do not solve the problem and demand can not do anything.

circulation will be affects when the wallet is holding with big funds else nothing will affect. Due to halving mining only will become half. this is only thing can go down nothing else.

I think  there is no exchange site are saying this thing and maybe you are scammed by that exchange site it is impossible to reduce or deducted it without using it is impossible what site you are holding your bitcoins better to share it with us to know if it is scam or not..

The only way for the quantity of bitcoin to go down is if many of the bitcoins owned become unaccessible by their owners. If they loose the private keys for their coins those coins will no longer be moved. As for the protocol it will ever bethe same no matter what, so only 21 million coins will be ever produced

Have you guys read front page of the thread, I think the OP question already answered and consider solved.
The exchanges 'Bleutrade' seems strange which charge fees to balance that stored so the quantity go down (not bitcoin in circulation he mean)

a little apart from your question, in general and in theory bitcoin quantity can't go down, because its fixed 21 000 000 thats it
in reality, quantity goes down all the time, because some people loosing access to their bitcoins, other passing away without giving their private keys to ancestors, bitcoin are sent to addresses that noone own, so can't be retrieved etc.
So real quantity of bitcoin is not 21 000 000, actually is around maximum 17 000 000, 4 000 000 lost already

Yes, many peoples lost their bitcoin, so it can make bitcoin quantity go down. If someone have bitcoin and save in offline wallet and die, the bitcoin is never found again.

I agreed with you,  the quantity of bitcoin is not the basis to make bitcoin go down. If ever bitcoin go down it means there is no bitcoin enthusiast left in cryptoworld. But for what is happening now is not like that instead, bitcoin getting more stable as time past by.

Bitcoin quantity goes down constantly, people lose them accidentally, they lose them by losing their hard drives, trezors, cold storage wallet papers... this will keep happening again and again, there's no stopping on those accidents. The good news is: if you take care of your bitcoins and do backups, you will enjoy the supply shrinking as the price goes up. Soon the generation of mined bitcoin reward will be too low and the amount of lost bitcoins will be higher, thus pushing the price higher.

Agree and it always happen that some people lost their private keys and cannot retrieve their wallet. The coins is lost forever. Hard disk crash, it happens to me on other coins.

but to me the quantity is not going down, it is faxed, for example i have 100 BTC so its number cannot decrease, it will remain 100 for ever, so i will  like to say that its price cannot decrease.

Well I think someone should define something here.  There is a difference between total bitcoin in circulation and the actual total quantity of bitcoin.  There maybe a total of 21 million bitcoins when all bitcoins were mined but there will be less than 21 million in circulation (movable) because many users have lost their private key or just as the other said, died without anyone knowing that the person has bitcoin.

I agree with you bitcoin quantity cannot goes down. As bitcoin is becoming
popular in every country and it is being used by bitcoiners. However,
bitcoin has a massive adoption through its community.

It's also pretty safe to assume that all of the coins mined by Satoshi himself in the beginning will never be spent.
That's already a huge chuck.

yes in this sense the over all quantity of bitcoin is decreasing as some people have bitcoins in their wallets and they forgot the their wallets key, or some people may have died having good number of bitcoin so these are just locked and no one has the right to open it unless they find the key to utilize these bitcoins.

Hello,

As per my knowledge, the amount of bitcoins in your wallet shouldn't vary. Agree that Bitcoins rate varies from day to day. But that applies to only those who buy and sell bitcoins. But if you have suppose 3.5 bitcoins in your wallet, they should stay intact even after two or three months unless you used them to pay for a product or service. They should not fluctuate as per the bitcoins rate prevailing on that day or that week.

May I/we know the wallet you are talking about. Please specify the name of the wallet and also the source which gave you the info that bitcoins count in the wallet changes as per the currency rate on that day----which isn't true!

i do not think so. i dont have pritty much knowledge about burning of bitcoins but all i know is there are total of 21million bitcoin in existance yes all are till not being mined but each coin can be devided upto 8unit place so the quantity is pritty much surable for everyone

i don't think so , in my opinion the only one reason is user of bitcoin

Do you mean that your bitcoin's price is going down?, because it is impossible for your bitcoin quantity to go down without doing anything unless you are going to send it to someone that you know or to a shop where you buy something and the payment is bitcoin. The price of bitcoin is always fluctuating but the quantity never go down without doing anything.

Nope. He meant about the quantity of bitcoin in his wallet is going down which is really unusual or that wallet site is stealing from him or maybe some errors in their applications. He should make a move about that quickly after it happened. Calling the customer service would help if they have one.

This information about the exchange is very much informative to me, I am so thankful for this information. Anyway, bitcoin quantity for me will never go down as long as the user of it is increasing as time goes by.

Maybe can, but it will not happen now, because bitcoin users now is very much, and will continue to multiply because now is the age of the Internet, and bitcoin is a currency that used by many internet users, so the possibility of a decrease in the quantity currently very small.

If maybe you're talking about total quantity of bitcoins, it can never go down, it will still be 21 million. But if you say the spendable bitcoin quantity, it could go down. In that case, if someone bought almost all bitcoins and decides not to spend them, it could cause a lot of chaos. There are so much bitcoins lost over the past years and still continuing. It will still continue to rise because of human error.