Thank you all for the replies and help. I trade on KuCoin, I have included an image below. So in this case I'm trying to buy DOGE at the highlighted BTC price. 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?
There is a difference between a market order and limit order. They are both different from each other.
Market order price: it is a purchase order at the highest price in the market, meaning that you will buy the currency at a higher price than its price, which means that you will lose if you place it and sell it directly. it is good when you need to buy this currency quickly, whatever its price.
limit order: You place a bet on a certain price, if the currency reaches this price, it will be bought, otherwise you bet will be on.
Remember when you are trading BTC/DOGE pair, forget about the value of US and see the price of DOGE at BTCOP, please take note first of the highlighted sentence above. You should not look much on USD (or USDT) when it is not one of your trading pair. Focus on the pair alone.
I just want to add some explanation on what is Market and Limit orders as far as my experience is concerned.
If you buy on a Market Price, you are buying for a price equal to the current price in the market at that instant. Your order will generaly become successful instantly.
On the other hand, Limit Price will enable you to set an order at your desired price. You can set it even to a very low price, it's up to you. BUT, there is no guarantee that your order will be successful instantly. You still need to wait if someone sells or buys your limit order.
