I can never get my price :( - page 2.

semobo

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Quote from: CryptopreneurBrainboss on May 07, 2021, 11:23:44 PM

Just like the OP, trading with bitcoin for beginners is kind of confusing which is why for that decision taken by the OP, most probably he'll begin to see some changes like for now there's an assurance of his trade getting executed as the price of bitcoin won't be having mush effect on the altcoins/USDT pair unlike that of bitcoin pairs.

Traders who are just beginning their trading career confuses their analysis with USD value when they are trading with a BTC pair, the analysis should be based on what kind of pair we choose to find the better sign of market movements or else we will never get the value we wanted unless we are just lucky.

Even though the technical analysis doesn't give any assurance to the market movements accuracy but still it should one thing to be learnt by the trader who is doing short and intraday trades.

CryptopreneurBrainboss

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Quote from: fahmimajannat on May 05, 2021, 12:17:34 PM

But if you wanna earn a lot of cash. Then learn how to identify the long term porject.

While this is true, I believe the OP wasn't referring to this instead was more concerned on why his trades aren't been execute each time he place an order. If you read about comments, suggestions has been given and he has finally come up with a decision of using tether fir his trade instead of bitcoin that he initial uses.

Just like the OP, trading with bitcoin for beginners is kind of confusing which is why for that decision taken by the OP, most probably he'll begin to see some changes like for now there's an assurance of his trade getting executed as the price of bitcoin won't be having mush effect on the altcoins/USDT pair unlike that of bitcoin pairs.

Sinjokubhi

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Quote from: Yatsan on May 03, 2021, 09:14:13 PM

Maybe the problem here is the way you put up your order in the market because basically if you are doing it right, you will be doing just fine. It might be the time frame you decided to put up your trade that is making you have a trouble in trading. Volatility of Bitcoin might cause you into trouble having no idea how you will manage to get along on managing the risks and the odds to be somewhat be favorable to you. Volatility of the market gives us the opportunity to make profit. It is just that you need to assess the market and be able to decide how you get along with it.

Yeah I agree, there are some things that you really need to pay attention to. Maybe you lost the money because of an error, such as not setting a limit or stop loss. Volatility is a calculation that must be understood, because it is in this case that the right trades can be made. But it's not just volatility. Time management also needs to be emphasized, if you leave it and go to sleep you should have set a limit or stop loss for your trade, because in this position you are not in a state of preparing to trade. Because the limit and stop loss are very important when you are getting ready so that your money doesn't just disappear. How better you do not leave him. Don't do it when you are resting, pause for a moment and start again the next day.

perfect999

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Quote from: Yatsan on May 03, 2021, 09:14:13 PM

Maybe the problem here is the way you put up your order in the market because basically if you are doing it right, you will be doing just fine. It might be the time frame you decided to put up your trade that is making you have a trouble in trading.

I do not think timeframe what we are following got anything to do here. I guess we need to blame only the high volatility of markets. Because, when market jumps you cannot do anything except missing your prices to enter or exit. This had happened to me many times and I had gone for modifying my orders to chase the price levels which again lead to impact my profit levels. When market trades with more volatility, I guess we cannot do anything other than compromising some of our profits.

fahmimajannat

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You have to identity the resistance point. In case of setting your target.
So first learn where to buy and sell buy learning support and resistance.
It will be much better for short trade.
But if you wanna earn a lot of cash. Then learn how to identify the long term porject.

Yatsan

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Maybe the problem here is the way you put up your order in the market because basically if you are doing it right, you will be doing just fine. It might be the time frame you decided to put up your trade that is making you have a trouble in trading. Volatility of Bitcoin might cause you into trouble having no idea how you will manage to get along on managing the risks and the odds to be somewhat be favorable to you. Volatility of the market gives us the opportunity to make profit. It is just that you need to assess the market and be able to decide how you get along with it.

CryptopreneurBrainboss

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Quote from: amgturbo45 on April 28, 2021, 07:01:37 PM

Thank you all! I decided to just start trading with Tether. It made things A LOT easier since it's not nearly as volatile as BTC.

Was just about giving that suggestions after going through the first page if this thread. Glad I decided to skimmed through the second page before replying. Basically my advice on bull runs when trading altcoins are to go in with USDT instead of bitcoin. Chances are you'll record losses if you're taking note if your profit in bitcoin pairs due to the outrageous growth of bitcoin price in this period.

And also stablecoin entirely, not just USDT makes its easily to keep track of your profit especially when you're new into the system. If you had invested $100, you can easily take notes of how much gain you have achieved within the timeframe of your investing.

martina14

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Quote from: amgturbo45 on April 22, 2021, 07:07:00 PM

Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?

For you able to know mate, the volatility of bitcoin is definitely give a chance for us to get profit here in cryptocurrency.
So, I don't think it is a problem. Second, as a trader if we put a limit order this depend of course into our analysis in the chart depending
in the understanding of the graph.

lablab03

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Quote from: amgturbo45 on April 22, 2021, 07:07:00 PM

Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?

maybe the mistake you have made is it's because you let it without using any tools that can prove how long it will go within hours or days. Actually mostly traders using hours when it comes placing bet on trading but at the same time they already know how long the trend will last because of the tools that they are using against the volatility. So if i were you try to do the same strategy what i mean DYOR how to have that so that you can make estimated price after hours or days while trading.

South Park

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Quote from: amgturbo45 on April 22, 2021, 07:07:00 PM

Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?

I think that is called slippage, if you are trading in an exchange with too low of a volume your order is going to rarely going to be bought at the price of your limit order, this is because either too many people are doing the same as you and you are picking a level many people are choosing as well, however we cannot discard the possibility that the exchange is cheating you, this could be the case if the difference is as big as you claim it is and yet the volatility of the market is not extreme during those movements.

wahyu wida

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Quote from: Mauser on April 29, 2021, 02:21:48 PM

Quote from: amgturbo45 on April 22, 2021, 07:07:00 PM

Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?

Working with limit orders is a good idea in my opinion. First of all I would look at the average trading prices over the last few days and then put an limit accordingly. If you find that your order is not getting filled the next day I wouldn't panic, just leave it for a few days and see if it is getting filled later. The thing with crypto currencies is that the average is much higher here, so we need to be prepared for a higher spread between bid and ask price too. The prices tend to move in cycles, so eventually the price should come down again to your initial bid.

indeed we have to take into account the spread, if we have analyzed, and placed the desired price then it is better to believe in that analysis. of course we have an area that is our dining area. if it has not been touched, then it is not our luck. I think in simple trading like that, lest we bring feelings, or create drama in a trade

amgturbo45

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Quote from: DarkDays on April 29, 2021, 11:09:39 AM

Quote from: amgturbo45 on April 22, 2021, 07:07:00 PM

Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?

It must be with how you're setting your buy order. If not, you're getting unlucky on the market orders moving too quickly or just people playing around with the market leaving you in this position.

Usually, a stop-order to buy in always executes perfectly, just need to ensure the values are not too different from each other, which might be why your slippage is so high entering you at the wrong price.

Yes you are correct, I was meaning buying with Tether instead of BTC.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: maxreish on April 29, 2021, 02:30:33 AM

But tether is an stable coin? How can you acquire a profits from that? Or perhaps you are referring to the trading pairs like BTC/USDT, ETH/USD?

Holding a stablecoin will not give you any unrealized profit, true. But buying tether in exchange for BTC when BTC is priced higher and then selling Tether to buy BTC when BTC is low is a method to increase your net amount of BTC or for that instance, DOGE for the OP.

It is an intermediary only, not for a long term hold. Of course the plan may not go in the direction you want it to go but it is possibility and hence commonly used by many traders. There is a negative view about the backing of tether in the traders community. Honestly speaking, if you wish to make the profit, you have to know these tools, just brushing them away because you have doubts in them, you may miss out on something useful.

But again, I dont recommend holding Tether, sell it for BTC once the price matches.

Mauser

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Quote from: amgturbo45 on April 22, 2021, 07:07:00 PM

Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?

Working with limit orders is a good idea in my opinion. First of all I would look at the average trading prices over the last few days and then put an limit accordingly. If you find that your order is not getting filled the next day I wouldn't panic, just leave it for a few days and see if it is getting filled later. The thing with crypto currencies is that the average is much higher here, so we need to be prepared for a higher spread between bid and ask price too. The prices tend to move in cycles, so eventually the price should come down again to your initial bid.

Insanerman

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Quote from: amgturbo45 on April 22, 2021, 07:07:00 PM

Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?

You should set exact orders. AFAIK if there's no other order than yours or there is a chance that your order is skipped, you sell on the nearest order that was hit on the market. Not all price points can be ordered as it is only a P2P like trading. For an instance, I've set my sell limit to 1.32 usd for a certain coin, once there are no other 1.32 usd sell order and some buyers orders at 1.29, you will get it once there are users whom have more sell orders below that price. Hence, your exact order would not always be as exact as it shows -- but would at least be a point closer.

DarkDays

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Quote from: amgturbo45 on April 22, 2021, 07:07:00 PM

Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?

It must be with how you're setting your buy order. If not, you're getting unlucky on the market orders moving too quickly or just people playing around with the market leaving you in this position.

Usually, a stop-order to buy in always executes perfectly, just need to ensure the values are not too different from each other, which might be why your slippage is so high entering you at the wrong price.

maxreish

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Quote from: amgturbo45 on April 28, 2021, 07:01:37 PM

Thank you all! I decided to just start trading with Tether. It made things A LOT easier since it's not nearly as volatile as BTC.

But tether is an stable coin? How can you acquire a profits from that? Or perhaps you are referring to the trading pairs like BTC/USDT, ETH/USD?

That volatility market will definitely gives you decent return if traded accordingly and correctly. As I have noticed you arent that knowledgeable enough to do some trading and use that market limit and limit order features of an exchange. Do the usual long term trading then.

amgturbo45

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Thank you all! I decided to just start trading with Tether. It made things A LOT easier since it's not nearly as volatile as BTC.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: amgturbo45 on April 22, 2021, 11:24:33 PM

If we assume that that BTC price is $1 (i want to buy the coin once it hits $1) BUT the VALUE of Bitcoin maybe goes down so my $100 that I had strictly in Bitcoin maybe goes down to $90 would I still get the value of $1 for the DOGE or would I be buying it at a higher price than original since the value of Bitcoin went down?

Dollar cost averaging is the problem here. You are right about the situation because both prices are moving with respect of USD, therefore the change in amounts of DOGE. However you can intermediate this by using USDT in the middle.

Meaning you sell bitcoin>USDT when bitcoin is high in price and use the USDT to buy DOGE when DOGE price is low. It is a two step process and will take time and the chance might get lost in the middle but it is the best way to conserve your assets when trading.

You can also sell BTC directly for DOGE, but you have to keep the current USDT value of both before executing that. When it drops from 100>90 yes you are spending more BTC per DOGE. So you have to patient till the opposite happens.

DoublerHunter

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Quote from: amgturbo45 on April 22, 2021, 07:07:00 PM

Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?

^ Just because BTC price is very volatile, there would be changes in every second and even exchange will have an update of the price every now and then. SO that case, BT price was increased a little bit. If you have bought at the price of $2 mark in the market price, make sure you will sell it at a higher price in the market and not undervalue price when you purchased your BTC. The basic strategy in trading is, "buying BTC when the price is low and sell when the price is high", this is very important to remember and avoid panic at all.

Topic: I can never get my price :( - page 2. (Read 573 times)