Topic: I can never get my price :( (Read 573 times)
This is strange, if you are doing limit orders, your order should be fulfilled at your desired buying/selling price, and you can check at how much your order was bought or sold in order history and what triggered the execution of it. As another member said, it is most likely because you have put a stop loss or something that is executing the order before it reaches your desired target.
You will first learn how to draw support and resistance line.
Then it will be much more easier than before.
It will help you to identify the entry and exit price.
So its better to learn somw basic things while you are trading.
Yes, it's like a gamble if we jump into trading without any background about how trading works even in setting of entry and exit. People with the zero knowledge about trading can mistakenly set an order in the smallest price like in HotBit where the order set by $15k dollar. Then it will be much more easier than before.
It will help you to identify the entry and exit price.
So its better to learn somw basic things while you are trading.
Basic knowledge about cryptocurrency is very important, it's the foundation of someone's journey in crypto world. I don't know why people immediately buy tokens without researching the project's purpose and how it's will be different in other cryptocurrencies.
I don't really understand your question but I will answer based on what I think you mean, well In executing trade there are two ways in which a position can be taken, there is a market order and a limit order. Using market order means your buying at the current price and the system helps you to buy at the best market price automatically and at a very fast time interval and there is a maker fee applied which is just like the trading fees, while In limit order you set the price you want to buy at and wait for ur order to pick. Using a limit order there are no charges like maker fees for executing a trade.
You will first learn how to draw support and resistance line.
Then it will be much more easier than before.
It will help you to identify the entry and exit price.
So its better to learn somw basic things while you are trading.
Then it will be much more easier than before.
It will help you to identify the entry and exit price.
So its better to learn somw basic things while you are trading.
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 use some tools or indicators so that at least you can get a clue or something helpful which necessarly when it comes trading .. Because you know traders usually use that kind of technique wherien in order to predict the direction of the growth rate. But yes sometimes it was epic fail, but if you really know how to mixed all the tools just to determine the real possibility of growth rate perhaps your win rate will increase despite of being so volatile of the market.
and guessing which would might end up on having that gambling like behavior.
Even though indicators wont really be precise but it is much better to have this one and also for op, he shouldnt really be in a hurry on making profits because
market is always volatile and unpredictable.
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 use some tools or indicators so that at least you can get a clue or something helpful which necessarly when it comes trading .. Because you know traders usually use that kind of technique wherien in order to predict the direction of the growth rate. But yes sometimes it was epic fail, but if you really know how to mixed all the tools just to determine the real possibility of growth rate perhaps your win rate will increase despite of being so volatile of the market.
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 you are just falling to reach the trend or you just loose your patience to get your order price. I think you will not face this thing on direct market order. However you may select more close order to avoid the inaccuracy of the price which you want. 
OP just needs to use a better exchange that actually fills the order exactly at the price they want. Limit orders should only give you the price you want,,, or at least, very near it. Hope he comes back to share a screenshot or something.
On the related topic,,, I am still waiting for one of the DEX to make a Limit Order possible:)
On the related topic,,, I am still waiting for one of the DEX to make a Limit Order possible:)
That's your fault anyways. Don't ever expect anything on trading, yes sure it's okay to dream and hope to get the best but that's not how it works but it will ended up into despair and pain.
I would prefer to play around the situation and market instead of just trying to get the highest price that you would never make it. Quality over Quantity guys!
all ultimately return to the readiness to do something, as well as in trading. must analyze properly and must precisely determine the time when to sell or buy it, because errors in calculations can make existing funds, can be drained and may be exhausted.I would prefer to play around the situation and market instead of just trying to get the highest price that you would never make it. Quality over Quantity guys!
the best teacher is the experience of the mistakes we have ever made so that we will not make mistakes again.
everyone can take different actions because depending on the situation at that time, it is true that the colleagues above, do not just try to get a high price, but if we need to sell at a slightly different price but still profitable is one of the best ways too.
yes, it is true that quality is determining rather than quantity alone.
ready in any situation to be able to accept the reality because not everything will end well, but keep trying to keep improving again.
legendary
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@poster, to be sincere, I don't quite understand what you mean, but whatever issue you are having, might be tied to the exchange you are using, maybe you trying to set a stop loss or something and it doesnt work, I will suggest you try the same on another exchange and see the result will be, or better still, you can Google search the problem you are having and include the exchange name, possibly there will be some guys who have experienced the same issue and some how were able to surmount it, you can gain their experience and apply the same knowledge to your trading and see if that solves your problem.
A limit order is taking the position where to buy and sell and I think there's no error between that because it's already fixed to set in the order preferred by the user the system cannot make an action does not command by the user are you sure that you limit with the 2 USD?
This is the reason why we get profit because of the market volatility if you don't know and can't handle this you will get fell behind like the others it's better if you keep your self aware about the environment you would like to join too to avoid getting mistakes all of the professional traders got failures and becomes beginners so keep your self conscious in trading or else your funds will fly away.
This is the reason why we get profit because of the market volatility if you don't know and can't handle this you will get fell behind like the others it's better if you keep your self aware about the environment you would like to join too to avoid getting mistakes all of the professional traders got failures and becomes beginners so keep your self conscious in trading or else your funds will fly away.
the volatility is what brings the profits. when price changes either to upside or downside, the value you get will be different thats why the value changes when your order is filled. thats the beauty of the game. the more volatility, the more profits and the more risk.
I don't know what Op tried to say, but if it is about the US dollar value, then it will change every moment because of the price of btc. If it is of a trade where part of his trade value gets bought and remaining amount still remains in the limit order, either it is because of fake orders or it may be due to markets turning back from that very price Op tried to buy from, and part of his trade got filled there.
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.
That's your fault anyways. Don't ever expect anything on trading, yes sure it's okay to dream and hope to get the best but that's not how it works but it will ended up into despair and pain.I would prefer to play around the situation and market instead of just trying to get the highest price that you would never make it. Quality over Quantity guys!
the volatility is what brings the profits. when price changes either to upside or downside, the value you get will be different thats why the value changes when your order is filled. thats the beauty of the game. the more volatility, the more profits and the more risk.
It is foolish to expect to make a profit without practicing the market properly in the first place something will go wrong it happens to everyone but the problem is when you only plan to make a profit you will be a little frustrated because you are right up there did not understand the way trade. You can make a profit by combining everything bitcoin is upward then you can make a good profit otherwise when you go to trade and bitcoin goes down, you will lose there is nothing specific here you always have to take a risk.
I'm not sure if I'm not understanding you or if you're not understanding me. I predict the price will drop and it does drop, but because Bitcoin is constantly on the move sometimes I don't buy the crypto for the price that I really wanted.
In order for you to understand the crypto market and how trading works, much better to learn it first, the movement of the market, the graph and the changes of price both in buy and selling order. Don't be confuse, if you use bitcoin to trade and put your order with small gap, then expect that your profit if ever is just a cent, depends on your capital. Remember also that bitcoin is volatile and trading is risky.
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.
It's certainly difficult situation when support become new resistance etc but that's the world of trading.
You want profit? Go for it !
You want profit? Go for it !
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.
Long-term is an uncertain but a profitable one of the two choices. If OP doesn't get his/her price then probably OP should assess how he/she does things when trading and try to tweak the actions that OP does in a different way to see different results. 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.
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.
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.
legendary
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eXch.cx - Automatic crypto Swap Exchange.
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.
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.
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.
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.
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.
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.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
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.
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.
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. 
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. 
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.
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.
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.
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.
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.
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.
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.
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.
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.
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. 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?
BTC price keep changing every second and there is no constant price for Bitcoin as well because it is not going to be same at the same time when you are buying from two different exchanges so if this is new for you then get used to it.You can exactly buy and sell BTC for the exact price you wanted but only if the trade order matches with other trades.
It would be better to trade in BTC pair..Bitcoin prices are rising and falling. Now the maximum coin price has come down. It is not possible to make profit if bitcoin is not stable. Now I am waiting for something better.
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?
So this is where the confusion is. You are trading in BTC pair but are seeing it's value in USDT.
You can either buy the coin directly in USDT pair or stop valuing it in USDT and start valuing it in BTC to avoid the confusion.
The best thing would be start valuing the coin in BTC pair because when bitcoin increases in price your coin's USDT value would increase automatically.
I'm not sure if I'm not understanding you or if you're not understanding me. I predict the price will drop and it does drop, but because Bitcoin is constantly on the move sometimes I don't buy the crypto for the price that I really wanted.
This is due to the lack of liquidity and in such cases, there is a slippage, and the purchase or sale price may differ from the one you set. This can happen not only when you use a stop loss, but also when you set a limit order to buy/sell. And most often this happens when bitcoin is reset, then the volume of coins to sell exceeds the volume to buy. At such times, your order may not work at all.
-snip-
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?
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?
The main pairs differ in liquidity and do not guarantee that you will get Doge with the same value when compared to USD. In the past, I posted on WO thread about my trading experience at KuCoin that I managed to buy BTC at a cheap price BTC>
Just got BTC Flash Sale on Kucoin. Only 5 secs.. Lol 
So, I agree with @xianbits that you only need to focus on 1 pair. There is no need to compare it afterwards unless you want to sell it to another pair.
Btw, does that mean you buy by "market order"?
Stop doing day trade in my opinion. I mean instead of doing what you usually do, why not just wait for the price to go up larger than what you have set for you to sell your Bitcoin, I think that should help. Volatility of Bitcoin is not a curse, but a gift, it gives easy profit to anyone who knows where to enter and exit the market.
I also guess that what you're lacking is that you don't know how to read the market, if it is bullish or bearish, or maybe just having a price correction. Instead of selling out your Bitcoin because of sudden panic, just wait and its price would go back to normal because of its volatility. Patient is the key, you won't lose anything if you'll hodl it for a while unless you really need the money.
I also guess that what you're lacking is that you don't know how to read the market, if it is bullish or bearish, or maybe just having a price correction. Instead of selling out your Bitcoin because of sudden panic, just wait and its price would go back to normal because of its volatility. Patient is the key, you won't lose anything if you'll hodl it for a while unless you really need the money.
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 BTC
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.
Are you using bitcoin against other cryptocurrency? I mean, you trade xxx/btc right ? By using bitcoin as a main currency for trading, you have to accept that bitcoin is fluctuated and it is hard to control the price of bitcoin. Therefore, you might usually encounter a different entry when you convert them to USD.
Why not trade with usdt. This coin is very flexible, and it represents for the real USD for many years. Most exchanges support this currency
Why not trade with usdt. This coin is very flexible, and it represents for the real USD for many years. Most exchanges support this currency
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?
It will obviously be executed at a different fiat value because the BTC/USD and the DOGE/USD markets maybe move differently. When executing orders on a trading pair like DOGE/BTC, you should even stop thinking about fiat value or you just get confused.
What I would suggest you do is use the USDT trading pairs. Like selling your BTC for 100 USDT on the BTC/USDT trading pair and then buy Doge on the DOGE/USDT trading pair. Of course, you are going to pay 2 times in trading fees
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 BTC
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?
https://ibb.co/7vy6XMz
https://ibb.co/7vy6XMz
CMIIW.
Where are you trading? that's odd for me if you have set it for specific price then you are receiving more than and sometimes less than to the price that you have set.
I think what you are looking is to the paper value of bitcoin for which if the price goes up, value is up and vice versa.
Where are you trading? that's odd for me if you have set it for specific price then you are receiving more than and sometimes less than to the price that you have set.
I think what you are looking is to the paper value of bitcoin for which if the price goes up, value is up and vice versa.
If I understand you correctly, let's make this a scenario.
Let's say the price of 1 BTC = $1 (for the sake of easy analogy)
You put in a limit order of 2 BTC for $2.00. It was bought at that price, so now you have $2.00 and no BTC.
Since there is volatility with the BTC price, let's say the BTC value the next day is now $2.
The order you have in the history is in BTC, so the 2 BTC you have is already worth $4. (I think this is where you get mixed up, OP)
Order value is always going to be the same. 2 BTC (amount of your order)
The price of BTC is always going to be volatile. ($51k, it can be $100k)
It would help if you looked at the amount of BTC that you input. So if that's correct in value, then you don't have to worry about anything.
What exchange are you using btw?
Let's say the price of 1 BTC = $1 (for the sake of easy analogy)
You put in a limit order of 2 BTC for $2.00. It was bought at that price, so now you have $2.00 and no BTC.
Since there is volatility with the BTC price, let's say the BTC value the next day is now $2.
The order you have in the history is in BTC, so the 2 BTC you have is already worth $4. (I think this is where you get mixed up, OP)
Order value is always going to be the same. 2 BTC (amount of your order)
The price of BTC is always going to be volatile. ($51k, it can be $100k)
It would help if you looked at the amount of BTC that you input. So if that's correct in value, then you don't have to worry about anything.
What exchange are you using btw?
I am also thinking the same with Bitcoin_Arena,
maybe the type of order you put, there a huge difference on limit order and market order.
Market orders (buy or sell) can sometimes have disadvantages or advantages like for using market order as stop loss, will sometimes it is better to use it as stop loss so you will not get liquidate or lose some in abrupt price actions.
You can read more about Market and Limit orders here -> Market and limit orders – Kraken
maybe the type of order you put, there a huge difference on limit order and market order.
Market orders (buy or sell) can sometimes have disadvantages or advantages like for using market order as stop loss, will sometimes it is better to use it as stop loss so you will not get liquidate or lose some in abrupt price actions.
You can read more about Market and Limit orders here -> Market and limit orders – Kraken
I'm not sure if I'm not understanding you or if you're not understanding me. I predict the price will drop and it does drop, but because Bitcoin is constantly on the move sometimes I don't buy the crypto for the price that I really wanted.
Ahhh I've reread your post and I got it wrong first time. I'm thinking you've set some sort of stop order that triggers when a price is below a certain amount tnd that's what's getting you.
Your history should say the price things are bought for though and the type of order you've placed if you can share those two things.
Have you tried to notice the times your orders are filled? You can see this from the order history.
Basically,
a Limit buy order (Bid) has to be a little lower than the market price, if the Bitcoin price swings downwards past your target price while you are still placing your buy limit order. It will immediately be filled at the price of the lowest Limit sell order of another trader (the lowest ask price)
Likewise,
a Limit sell order (ask) has to be a little higher than the market price, if the Bitcoin price swings upwards past your target price while you are still placing your sell limit order. It will immediately be filled at the price of the highest Limit buy order of another trader (the highest bid price)
You can also provide some screenshots to help you identify what could have happened.
Basically,
a Limit buy order (Bid) has to be a little lower than the market price, if the Bitcoin price swings downwards past your target price while you are still placing your buy limit order. It will immediately be filled at the price of the lowest Limit sell order of another trader (the lowest ask price)
Likewise,
a Limit sell order (ask) has to be a little higher than the market price, if the Bitcoin price swings upwards past your target price while you are still placing your sell limit order. It will immediately be filled at the price of the highest Limit buy order of another trader (the highest bid price)
You can also provide some screenshots to help you identify what could have happened.
I'm not sure if I'm not understanding you or if you're not understanding me. I predict the price will drop and it does drop, but because Bitcoin is constantly on the move sometimes I don't buy the crypto for the price that I really wanted.
Are you putting in these orders based off any analysis or hope. If it's analysis then a lot of markets (almost every market) has quite a few "fake" moves where [a] large buyer(s) put in an order that pushes something in a certain direction. This means that there's a good chance the order will execute at the price you want it to.
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?
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