Definitely, you are new in crypto trading. Buy and sell orders are really different in prices. And that spread (difference) deviates from one exchange to another, and from one coin to another. So if the spread is wide, expect that you will get less coins if you sell your coin. So what you can do, to lessen your losses, is to sell your coin higher than your buying price. That is, if you can wait to increase its price. Patience is needed in trading. You should learn how to apply the basic rule of trading, buy low, sell high.
What I am getting from your post is that the buy and sell orders have a drastic effect on the value between coins, more effect than it's value in USD at any given time? Does the quantity being traded over a period affect this at all? I did notice that GNY seems to have a low volume of trades on Bitmart compared to the more known coins like Etherium or Litecoin
Left in the strikethrough bit to make my edit more understandable. I went back to Bitmart again and I must have done something wrong the first time. The trade from GNY to BTC made more sense given the value in USD in each. So when my sell order goes through I will end up with 0.001196526 BTC. So ended up ahead close to 0.0002 BTC. Before I would have ended up with 0.00091 and change BTC. Still don't get it, but mainly started this for shits and giggles, not to make money so alot is going to go way over my head. I'm okay with that lol.
Thanks for the very quick reply Twinkledoe.
Same with jackg, I think I answered some of your questions in the strikethrough part. Not sure what I did wrong the first time, but the second time it seems to make alot more sense. Thanks for the help.
