Can bitcoin quantity go down?

[marleybobthedog]

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.

[croutonhexagon]

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.

[groll]

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.

[Xenophoto]

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.

[20kevin20]

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.

[Ayers]

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

[Mastsetad]

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.

[clickerz]

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.

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.

[wxa7115]

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.

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.

[lixer]

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.

[mrNightowl]

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

[wxa7115]

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.

[SmirnoffVany]

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:

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.

[elena-tur]

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:

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.

[error08]

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.

[eminem90]

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.

[Yakamoto]

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:

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.

[maister77777]

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:

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.

[JasonXG]

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:

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.

[MingLee]

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.