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58 votes

What happens if I buy Bitcoins and the price goes down?

If you bought a bar of gold at $1200 / ounce, then the price of the gold drops to $600 / ounce, you wouldn't actually lose any money at all unless you decided to sell your gold at that time. However, ...
Hannah Vernon's user avatar
  • 1,569
28 votes

What happens if I buy Bitcoins and the price goes down?

If you bought one bitcoin and the price goes down, you still have one bitcoin. If the price goes up...still one bitcoin. This is just like everything else, including groceries, gasoline, gold, stock ...
Jestin's user avatar
  • 8,822
13 votes

What happens if I buy Bitcoins and the price goes down?

tl;dr- This is called a capital loss. You're said to realize the capital loss if you sell the Bitcoins at the lower price, such that you lost money due to having bought/sold them. However, note ...
Nat's user avatar
  • 251
12 votes

Is money that has gone into bitcoin already spent?

As @RedGrittyBrick says, change the word "bitcoin" to "euros" and see if that helps you. All currencies work this way, not just cryptos: Is money that has gone into euros already ...
user253751's user avatar
11 votes

What happens if I buy Bitcoins and the price goes down?

The answer is not unique to bitcoin. It would be the same if you're dealing with (non-crypto) foreign currency, stock, a stock derivative or commodity or commodity futures. When you buy something ...
Deepak's user avatar
  • 211
9 votes

What happens if I buy Bitcoins and the price goes down?

Yes, you lose a quantity of your money, at the time you gave it away in exchange for the bitcoin you received. Subsequent changes in the exchange rate only vary the hypothetical value of what you ...
Vadim Ponomarenko's user avatar
4 votes
Accepted

Where to find logarithmic graph of Bitcoin over time?

not sure what you mean by logarithmic graph. The time in a logarithmic scale, or the value? On both, there is a "log" button below the graph. And you can export as CSV or JSON: https://blockchain....
pebwindkraft's user avatar
  • 5,086
4 votes

If cryptocurrencies have no intrinsic value, how do they originate?

You seem to have a misunderstanding: anyone could create an infinite quantity of their own cryptocurrency right now This is not accurate. The breakthrough that enabled Bitcoin (and other ...
Jestin's user avatar
  • 8,822
4 votes
Accepted

What Bitcoin exchange is the real bitcoin value?

There is no such thing as a the "real" value. The value of Bitcoin as denoted in another currency (USD, EUR, etc...) is based on how many people are buying and selling, and in what quantities. On ...
Jestin's user avatar
  • 8,822
4 votes

Are bitcoins with more confirmations more valuable?

Not really. A 0.2 BTC "bitcoin"† with ten million confirmations has no more value than a 0.2 BTC "bitcoin" with one million confirmations. The exception might be that a "...
RedGrittyBrick's user avatar
3 votes

Get simple BTC value to insert it in excel sheet

Here is the link. Just insert this into your excel file =IMPORTXML("http://coinmarketcap.com/currencies/bitcoin/","//span[@id='quote_price']")
Zee's user avatar
  • 31
3 votes

What value does bitcoin add to the world?

If you see bitcoin as a currency, mining is issuing new bitcoins. It is analogous to a central bank issuing (or printing) new currency. What product is produced for the world? Mining for coal ...
Mike D's user avatar
  • 3,529
3 votes

Do you think a wallet could have value

No. The point of mnemonic seeds is to provide a human readable encoding for wallet backups. To work as intended, they need to be unique and secret. Beyond that, anyone can just pick words from the ...
Murch's user avatar
  • 72.6k
3 votes

To be blunt bought bitcoin in 2009 at 25 cents have not touched it

Spending Bitcoins requires the knowledge of the private key corresponding to the address holding the funds. These keys are managed by each user individually. Without the key, the coins are rendered ...
Murch's user avatar
  • 72.6k
3 votes
Accepted

Transaction outputs with value 0

Outputs with 0 value are allowed by the protocol. It is a feature that allows for provably unspendable outputs to not have to have any value that then becomes burned. However 0 value outputs are not ...
Andrew Chow's user avatar
  • 68.5k
3 votes
Accepted

How are crypto prices calculated by an exchange? Example game in a spreadsheet to illustrate

Exchanges don't calculate prices, they report them. They aggregate people who want to sell and people who want to buy and report the prices they are willing to buy and sell for. When one person is ...
David Schwartz's user avatar
2 votes

Why did Bitcoin first start to gain economic value?

TL;DR: It was not its creator who did that. Bitcoin's economic significance was gained similarly to any other money; but here, it started with pizza... Let me answer by refuting the most persistently ...
Sz.'s user avatar
  • 121
2 votes

How would Bitcoin's purchasing power be measured after fiat were gone?

It's typical to measure the purchasing power of currencies using something like the Consumer Price Index, so this is probably would be used if Bitcoin were to become a dominant currency. Basically, ...
Nate Eldredge's user avatar
2 votes

How would Bitcoin's purchasing power be measured after fiat were gone?

There is now a BitcoinPPI (Bitcoin purchasing power index) available: http://bitcoinppi.com/ It uses the BigMac index published by The Economist and calculates a global weighted index and a local ...
Overbryd's user avatar
  • 121
2 votes

Would free energy cause a market collapse?

Although this question might be "too broad" or "off-topic", I'll give you an answer and it's no. By removing the cost of electricity, hardware expenditure becomes the ceiling for hashrates. Surely ...
m1xolyd1an's user avatar
  • 5,596
2 votes
Accepted

What is the method to determine the total market capitalization of the Bitcoin market?

"Bitcoin market cap(in AUD)" = "Number of bitcoins in circulation" X "Value of single bitcoin(in AUD)" The same as a market cap of some company: "number of their shares" X "value of single share"....
croraf's user avatar
  • 1,228
2 votes
Accepted

Who decides the price of bitcoin?

Prices are set by the market, meaning that every individual decides what they will buy/sell their own bitcoin for, and the generally accepted price is an aggregate of all the individual prices. If a ...
abelenky's user avatar
  • 1,344
2 votes

Why is Bitcoin gaining value while so many other cryptocurrencies are not?

There is this classic bootstrapping problem. To make a successful cryptocurrency it needs: Miners (so that it's secure) Users (to attract miners, users also want it to be secure) Value (to attract ...
smatthewenglish's user avatar
2 votes

What are the additional benefits of having a blockchain behind a web service?

It has a blockchain behind it for one reason only: buzzword compliance.
Pieter Wuille's user avatar
2 votes

which is the relationship between ouput adresses and their value in a specific transaction?

When a Bitcoin transaction is created, unspent transaction outputs (UTXOs) are used in the inputs of the transaction. Your wallet will use as many UTXOs (and therefore create as many inputs) as ...
sr_gi's user avatar
  • 3,192
2 votes
Accepted

Why tx informations of a specific transfer in BITCOIN protocol will send to many IP addresses?

This is gossip protocol. When you are connected to the bitcoin network, you are usually connected to some random nodes. When you want to send transaction, ultimately your goal is for the transaction ...
Wapac's user avatar
  • 1,074
2 votes
Accepted

What`s a blocks coinbase value?

The coinbase value in that comparison is the sum of the amounts of the outputs of the first transaction (coinbase) in the block (community wiki answer, to avoid having unanswered questions with ...
2 votes

If bitcoin value is going down do you lose anything or only when you sell like the stock market?

Well basically, think of it as if u had an apple. If you decide at any moment that you want to sell it, you get a specific price for it, which is the current price of an apple. So if you bought 1 ...
Pinkovai Krisztian's user avatar
2 votes

If bitcoin value is going down do you lose anything or only when you sell like the stock market?

Yes, you only really take a loss (or make a gain) in terms of dollars or other fiat currencies when you trade whatever cryptocurrency you're holding back in for fiat. And yes, it's similar to other ...
cpit's user avatar
  • 131

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