How to trade | Bitcointalksearch.org

DigitalFox

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Quote from: supertolete on April 06, 2018, 08:48:27 AM

@slow death: Thanks! and no, you are not talking bs!

@wipro @spngebob @DigitalFox I understand now... if I sell now I will get more Satoshis but less fiat... I guess I'll sell now to get more btc and hold for when btc rise up again... Thanks!!!

You're welcome mate, I hope now the system is more understandable for you

Good luck with your future trades.

supertolete

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@slow death: Thanks! and no, you are not talking bs!

@wipro @spngebob @DigitalFox I understand now... if I sell now I will get more Satoshis but less fiat... I guess I'll sell now to get more btc and hold for when btc rise up again... Thanks!!!

Slow death

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Quote from: supertolete on April 05, 2018, 09:11:06 AM

How is that possible if the market is really low right now?
Am I missing something?

you bought using ETH when the ETH price was too high and now the price of ETH has dropped a lot while the price of ncash has not fallen so much, so if you sell to eth or btc you will still make a profit. I hope I'm not talking bullshit.

see:

Quote from: supertolete on April 05, 2018, 09:11:06 AM

When I bought Ncash in Binance it was at 0.00006074 Eth, and Ncash was at 0.034 usd and ETH was at 692 usd.
Today Eth is 377 usd, Ncash is at 0.026 usd and if I sell Ncash in Binance the price would be 0.00007098 Eth.

the answer is even in the fact that eth fell a lot while ncash did not fall much

Wipro

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Quote from: spngebob on April 05, 2018, 01:20:31 PM

Quote from: VitKoyn on April 04, 2018, 10:58:32 AM

Quote from: supertolete on April 04, 2018, 09:09:11 AM

Greetings !

My questions is: I bought Ncash with ETH. Now I want to sell it to get BTC. Should I trade it first for ETH and then to BTC or directly to BTC ( Ncash -- BTC)?

Thanks!

Why would you sell that coin for Ethereum if you will just sell it again to acquire some Bitcoin? exchanges will just charge you more fees if you do that. What exchange do you use for trading? if you are using an exchange that have a trading pair for Ncash to Bitcoin directly then you can choose that, as a trader you should know that every trade you make in cryptocurrency exchanges there is a fee or maker taker fee. So as much as possible avoid selling your altcoin for another coin just to buy another coin, unless there is no option that you can buy/trade a specific coin using Bitcoin or any cryptocurrency you own.

Pairs are not always the same.

I remember exchanging one token to ethereum and then exchanging ethereum for bitcoin and I've earned more bitcoins than I would have earn if I exchanged token directly to bitcoin.

Converting ethreum first and then bitcoin would cost you more in trading fees and as well you to pay for fiat cash exchange as well to get the more fee for it. Better directly converting Ncash to bitcoin only a right way.
Since the bitcoin price low that move might be useful for you buddy.
If you do not commitment to sell now. You can convert as bitcoin and hodl for sometime.
OP should see what will give him bigger profit.

spngebob

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Quote from: VitKoyn on April 04, 2018, 10:58:32 AM

Quote from: supertolete on April 04, 2018, 09:09:11 AM

Greetings !

My questions is: I bought Ncash with ETH. Now I want to sell it to get BTC. Should I trade it first for ETH and then to BTC or directly to BTC ( Ncash -- BTC)?

Thanks!

Why would you sell that coin for Ethereum if you will just sell it again to acquire some Bitcoin? exchanges will just charge you more fees if you do that. What exchange do you use for trading? if you are using an exchange that have a trading pair for Ncash to Bitcoin directly then you can choose that, as a trader you should know that every trade you make in cryptocurrency exchanges there is a fee or maker taker fee. So as much as possible avoid selling your altcoin for another coin just to buy another coin, unless there is no option that you can buy/trade a specific coin using Bitcoin or any cryptocurrency you own.

Pairs are not always the same.

I remember exchanging one token to ethereum and then exchanging ethereum for bitcoin and I've earned more bitcoins than I would have earn if I exchanged token directly to bitcoin.

OP should see what will give him bigger profit.

DigitalFox

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Quote from: supertolete on April 05, 2018, 09:11:06 AM

@WaffleMaster
Thanks a lot for a so detailed reply. So For what you say I understand its better for me to trade my Ncash for BTC.
So I want you to help me with this: When I bought Ncash in Binance it was at 0.00006074 Eth, and Ncash was at 0.034 usd and ETH was at 692 usd.
Today Eth is 377 usd, Ncash is at 0.026 usd and if I sell Ncash in Binance the price would be 0.00007098 Eth.

Tha means if I sell to ETH I would have profits right? ( I bought at 0.00006074 Eth and I would sell at 0.00007098 Eth).
How is that possible if the market is really low right now?
Am I missing something?

@cydrix I am not sure of what you mean...

Yes you are. Pairs to fiat and to BTC are not directly related. Say, if your coin costs 0.00001 BTC @ BTC=10K USD it might remain nearly the same when BTC drops to 5K USD.

supertolete

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@WaffleMaster
Thanks a lot for a so detailed reply. So For what you say I understand its better for me to trade my Ncash for BTC.
So I want you to help me with this: When I bought Ncash in Binance it was at 0.00006074 Eth, and Ncash was at 0.034 usd and ETH was at 692 usd.
Today Eth is 377 usd, Ncash is at 0.026 usd and if I sell Ncash in Binance the price would be 0.00007098 Eth.

Tha means if I sell to ETH I would have profits right? ( I bought at 0.00006074 Eth and I would sell at 0.00007098 Eth).
How is that possible if the market is really low right now?
Am I missing something?

@cydrix I am not sure of what you mean...

cydrix

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Quote from: supertolete on April 04, 2018, 09:09:11 AM

Greetings !

My questions is: I bought Ncash with ETH. Now I want to sell it to get BTC. Should I trade it first for ETH and then to BTC or directly to BTC ( Ncash -- BTC)?

Thanks!

If you have a trading site that suits you better than ever then tell us what it is and we'll gladly help you with easy instructions so that even newbies understand. And the way you calculate things in trading you never get the real value until you withdraw with fees never overestimate you earnings.

WaffleMaster

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Quote from: bL4nkcode on April 04, 2018, 11:47:33 AM

You can close or lock this thread now as your question has been answered already and since there are no other answers for that except for what mentioned by VitKoyn

Scroll down to navigate and click the 'lock topic' on the lower left of this thread.

Please don't tell others how and when their questions have been answered and to lock their threads. That's for them to decide. As well, the question hasn't been even close to answered. It's more of a mathematical question of whether or not the incurred fees from multiple trading would net more Bitcoin than just selling it in one stop.

So OP, take the current BTC price of your coins. Multiply it by the number of coins you would get for each trade. (example : You have 10 Ncash which would equal 0.0000397 BTC. If you trade it to ETH you would have 0.0007050 ETH. That much ETH is worth 0.0000394345275 BTC. In this example using current prices, before fees being deducted it would be worth to sell the Ncash because it would return 0.0000002654725 more BTC than if you traded it to ETH and then to BTC (which also would take more in fees).

supertolete

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BTCeminjas Thanks for your input! My doubt was that since I originally bought the Ncash with Eth... but I understand its better to do it ncash - BTC. I need btcs to buy another coin that I want to hold, now that the market its low.

AngelSky Thanks a lot!

BTCeminjas

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Quote from: AngelSky on April 04, 2018, 01:36:37 PM

Quote from: supertolete on April 04, 2018, 09:09:11 AM

Greetings !

My questions is: I bought Ncash with ETH. Now I want to sell it to get BTC. Should I trade it first for ETH and then to BTC or directly to BTC ( Ncash -- BTC)?

Thanks!

This is shit mate. Ethreum is become a cheap now bro I do not know why you want to invest on the cheap at the time we see dump in the market.
If you want exchange it for emergency reasons, directly change the ncash to bitcoins and then take to fiat cash optional exchange. Finally you can open a trade at there your problems would be solved mate.

I must prefer to directly trade in bitcoin mate because the more you have a transaction the more fees deduct from your fund.
If you are in a hurry to have a bitcoin then direct trade your eth into bitcoin to lower you transaction fees cover.
Dump market that the reason why ethereum has become now a shit price but believed me it will bounce back soon so, if I were you I must prefer to hold that eth you brought then find another money to buy bitcoin if you have.

AngelSky

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Quote from: supertolete on April 04, 2018, 09:09:11 AM

Greetings !

My questions is: I bought Ncash with ETH. Now I want to sell it to get BTC. Should I trade it first for ETH and then to BTC or directly to BTC ( Ncash -- BTC)?

Thanks!

This is shit mate. Ethreum is become a cheap now bro I do not know why you want to invest on the cheap at the time we see dump in the market.
If you want exchange it for emergency reasons, directly change the ncash to bitcoins and then take to fiat cash optional exchange. Finally you can open a trade at there your problems would be solved mate.

bL4nkcode

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Limited in number. Limitless in potential.

You can close or lock this thread now as your question has been answered already and since there are no other answers for that except for what mentioned by VitKoyn

Scroll down to navigate and click the 'lock topic' on the lower left of this thread.

supertolete

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I am using Binance. Thanks for the advise!

VitKoyn

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Quote from: supertolete on April 04, 2018, 09:09:11 AM

Greetings !

My questions is: I bought Ncash with ETH. Now I want to sell it to get BTC. Should I trade it first for ETH and then to BTC or directly to BTC ( Ncash -- BTC)?

Thanks!

Why would you sell that coin for Ethereum if you will just sell it again to acquire some Bitcoin? exchanges will just charge you more fees if you do that. What exchange do you use for trading? if you are using an exchange that have a trading pair for Ncash to Bitcoin directly then you can choose that, as a trader you should know that every trade you make in cryptocurrency exchanges there is a fee or maker taker fee. So as much as possible avoid selling your altcoin for another coin just to buy another coin, unless there is no option that you can buy/trade a specific coin using Bitcoin or any cryptocurrency you own.

supertolete

newbie

Activity: 62

Merit: 0

Greetings !

My questions is: I bought Ncash with ETH. Now I want to sell it to get BTC. Should I trade it first for ETH and then to BTC or directly to BTC ( Ncash -- BTC)?

Thanks!

Topic: How to trade (Read 198 times)