Author

Topic: Livecoin issue -- Does this make sense? (Read 154 times)

legendary
Activity: 2170
Merit: 1789
January 08, 2020, 08:26:42 PM
#9
Livecoin has disabled THETA withdrawals. This often leads to wild price discrepancies vs. the rest of the market. Compared to the price at Coinmarketcap, THETA is currently trading at a 17.5x premium on Livecoin.

Latest data from CMC shows that this coin is priced at 2x premium now. OP, I don't understand why you choose Livecoin which only has a very low volume to trade this coin (not to mention the withdrawal thing), but even if you can get back your bitcoin from open order back, chances are you might still in a loss.

If I were you I'd withdraw and use the remaining bitcoin to buy on another exchange.
legendary
Activity: 1666
Merit: 1196
STOP SNITCHIN'
January 08, 2020, 06:34:25 PM
#8
However, if the price of THETA on all exchanges at the time was about $0.08 US cents how is it possible that I only received 22 THETA tokens for .02062038 BTC (about $154 dollars at the time)? That would mean Livecoin was selling THETA for about $7 dollars!

Livecoin has disabled THETA withdrawals. This often leads to wild price discrepancies vs. the rest of the market. Compared to the price at Coinmarketcap, THETA is currently trading at a 17.5x premium on Livecoin.
legendary
Activity: 1652
Merit: 1483
January 08, 2020, 06:21:30 PM
#7
Thanks very much to all who responded to my post.

However, if the price of THETA on all exchanges at the time was about $0.08 US cents how is it possible that I only received 22 THETA tokens for .02062038 BTC (about $154 dollars at the time)? That would mean Livecoin was selling THETA for about $7 dollars! For $154 US shouldn't I have received almost 2,000 THETA tokens on Livecoin?

I just checked my Livecoin holdings and it indicates I now have 0 BTC but 0.01621173 BTC "In orders". I bought the THETA yesterday -- would it actually take more than a day to complete the transaction?

that indicates that you still have open orders that weren't filled, and only 0.00440865 BTC was actually exchanged for THETA.

scroll down past the order book to "my orders":



are there open orders that you can cancel there?
newbie
Activity: 2
Merit: 0
January 08, 2020, 06:10:24 PM
#6
If all your orders are completed, chances are the amount you buy at a high price.
So, try checking first. Because this is not a matter of scam or not. Because this is a mistake that often occurs, because everyone does not understand it.

Thanks very much to all who responded to my post.

However, if the price of THETA on all exchanges at the time was about $0.08 US cents how is it possible that I only received 22 THETA tokens for .02062038 BTC (about $154 dollars at the time)? That would mean Livecoin was selling THETA for about $7 dollars! For $154 US shouldn't I have received almost 2,000 THETA tokens on Livecoin?

I just checked my Livecoin holdings and it indicates I now have 0 BTC but 0.01621173 BTC "In orders". I bought the THETA yesterday -- would it actually take more than a day to complete the transaction?
sr. member
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
January 08, 2020, 01:18:30 PM
#5
From the statement from Op it is clear that the order hasn't got executed. Based on the changes happening with the price of the respective token there'll be delay in the execution of the trade. In such a way in this particular trade the order hasn't got executed completely. Going through the executed order history this can be found.
hero member
Activity: 1113
Merit: 507
Don't Get Involved
January 08, 2020, 01:02:36 PM
#4
A couple of days ago when Bitcoin was priced at roughly $7500 US I had 0.02062038 BTC (roughly $154 US) on Livecoin. I wanted to trade BTC for THETA, which at the time was priced at about $0.08 US cents. I traded my entire BTC holdings ($154 dollars) for Theta yet only received 22.00630366 THETA. Can someone please tell me if I was scammed or if I'm not understanding something? I sent a Help request to Livecoin but as of now (two days later) they have not responded.
Thanks for any insight anyone here can provide!
Maybe you have looking with your order history and still have some your order not refill all, your coin trading THETA maybe have higher price and not all your buy order completed, I think not fault whit exchange market exactly with Livecoin because I ever this exchange market and look safety when I make trading and withdrawing assets in livecoin exchange market.

That's what most likely happened. If you see the problem, it seems that indeed the error is in the hands of @OP.

1. Your order has not been completed, and try to see your order history.
2. If all your orders are completed, chances are the amount you buy at a high price.

So, try checking first. Because this is not a matter of scam or not. Because this is a mistake that often occurs, because everyone does not understand it.
hero member
Activity: 2730
Merit: 632
January 08, 2020, 12:59:40 PM
#3
A couple of days ago when Bitcoin was priced at roughly $7500 US I had 0.02062038 BTC (roughly $154 US) on Livecoin. I wanted to trade BTC for THETA, which at the time was priced at about $0.08 US cents. I traded my entire BTC holdings ($154 dollars) for Theta yet only received 22.00630366 THETA. Can someone please tell me if I was scammed or if I'm not understanding something? I sent a Help request to Livecoin but as of now (two days later) they have not responded.
Thanks for any insight anyone here can provide!
Maybe you have looking with your order history and still have some your order not refill all, your coin trading THETA maybe have higher price and not all your buy order completed, I think not fault whit exchange market exactly with Livecoin because I ever this exchange market and look safety when I make trading and withdrawing assets in livecoin exchange market.
This might be the case where buy order aren't still completed.Therefore, its better to check it out if there are still pending orders.
About livecoin exchange where Im bit aware that it do have some numbers of issues before I don't know if its already being resolved or not.
sr. member
Activity: 2114
Merit: 309
January 08, 2020, 12:55:31 PM
#2
A couple of days ago when Bitcoin was priced at roughly $7500 US I had 0.02062038 BTC (roughly $154 US) on Livecoin. I wanted to trade BTC for THETA, which at the time was priced at about $0.08 US cents. I traded my entire BTC holdings ($154 dollars) for Theta yet only received 22.00630366 THETA. Can someone please tell me if I was scammed or if I'm not understanding something? I sent a Help request to Livecoin but as of now (two days later) they have not responded.
Thanks for any insight anyone here can provide!
Maybe you have looking with your order history and still have some your order not refill all, your coin trading THETA maybe have higher price and not all your buy order completed, I think not fault whit exchange market exactly with Livecoin because I ever this exchange market and look safety when I make trading and withdrawing assets in livecoin exchange market.
newbie
Activity: 2
Merit: 0
January 08, 2020, 12:33:18 PM
#1
A couple of days ago when Bitcoin was priced at roughly $7500 US I had 0.02062038 BTC (roughly $154 US) on Livecoin. I wanted to trade BTC for THETA, which at the time was priced at about $0.08 US cents. I traded my entire BTC holdings ($154 dollars) for Theta yet only received 22.00630366 THETA. Can someone please tell me if I was scammed or if I'm not understanding something? I sent a Help request to Livecoin but as of now (two days later) they have not responded.
Thanks for any insight anyone here can provide!
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