Can bitcoin quantity go down?

[bravehearth0319]

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.

[Kprawn]

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. 

[crairezx20]

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?

[calkob]

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.

[Aamir1]

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!

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.

[tiggytomb]

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.

[xdrpx]

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.

[~Bitcoin~]

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://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.

[vino.gcs]

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.

[malikusama]

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.

[kryptqnick]

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!

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.

[futurebit640]

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.

[coinsocieties]

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.

[mastica]

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.

[readysalted89]

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.

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.

[Kprawn]

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.

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. 

[Dite1989]

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.

[BitcoinPanther]

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.

[caxandra]

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.

[croutonhexagon]

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.