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Title: how to trade btc-e? noob question Post by: forzendiablo on November 04, 2013, 02:47:27 PM ok i have account with USD.
i clicked 'buy BTC' bought 2. but then how do i sell? i clicked cancel on it, then mone ycame back to me. but i seen no way of selling the coins or takin profit. please explain somebody :) Title: Re: how to trade btc-e? noob question Post by: Dorpsgek on November 04, 2013, 05:57:09 PM If you cancelled and got USD back, it seems like you placed a buy order and then cancelled it?
The way it works is that you have to place a buy order and then when the price comes down to your buy order price it will be fulfilled and you will get BTC. Next step is to wait until price goes up, place a sell order for a higher price than you bought it for (+fee) and then sell. If you would like to get some more information on trading strategies you can find a lot of info on youtube (thats how i learned) e.g. http://www.youtube.com/watch?v=880UGOQyK40 Title: Re: how to trade btc-e? noob question Post by: forzendiablo on November 04, 2013, 08:08:10 PM ah yes thanx man.
and hwat about arbitrage - are the payouts of the system really fast enough that i can arbitrage or not really? also whats best way to trade E-BTC - by their site or by some program Title: Re: how to trade btc-e? noob question Post by: Abdussamad on November 05, 2013, 05:01:32 PM ah yes thanx man. and hwat about arbitrage - are the payouts of the system really fast enough that i can arbitrage or not really? also whats best way to trade E-BTC - by their site or by some program Nothing in bitcoin is fast. Everything is slow. Title: Re: how to trade btc-e? noob question Post by: daybyter on November 05, 2013, 09:04:10 PM ah yes thanx man. and hwat about arbitrage - are the payouts of the system really fast enough that i can arbitrage or not really? also whats best way to trade E-BTC - by their site or by some program You could do arb on btc-e. As long as your funds are only on the site (you don't have to withdraw or deposit coins), you can do lots of trades in seconds. https://i.imgur.com/KuTDN.jpg If you do arb over more than 1 exchange, you either have to move funds for the trade (slowing the trade down) or you have funds on both exchanges and balance later. https://i.imgur.com/OoP0aNo.jpg Since you have to consider fees, it's quite hard to do such trading manually. Some opportunities exist only for seconds or they happen in the mid of the night. So I guess, it's only practical with a bot. Title: Re: how to trade btc-e? noob question Post by: forzendiablo on November 06, 2013, 01:18:18 AM Since you have to consider fees, it's quite hard to do such trading manually. Some opportunities exist only for seconds or they happen in the mid of the night. So I guess, it's only practical with a bot. oh yes, that ttally makes sense to make arb this way. great bot btw! Title: Re: how to trade btc-e? noob question Post by: hZti on November 06, 2013, 07:04:21 PM ah yes thanx man. and hwat about arbitrage - are the payouts of the system really fast enough that i can arbitrage or not really? also whats best way to trade E-BTC - by their site or by some program You could do arb on btc-e. As long as your funds are only on the site (you don't have to withdraw or deposit coins), you can do lots of trades in seconds. https://i.imgur.com/KuTDN.jpg If you do arb over more than 1 exchange, you either have to move funds for the trade (slowing the trade down) or you have funds on both exchanges and balance later. https://i.imgur.com/OoP0aNo.jpg Since you have to consider fees, it's quite hard to do such trading manually. Some opportunities exist only for seconds or they happen in the mid of the night. So I guess, it's only practical with a bot. Where can I get this Bot? And how it is used? Title: Re: how to trade btc-e? noob question Post by: daybyter on November 06, 2013, 07:40:07 PM Sorry, I write such stuff just for me. But I constantly look for developers interested in a collaboration.
Title: Re: how to trade btc-e? noob question Post by: s1lverbox on November 06, 2013, 07:45:41 PM ok i have account with USD. i clicked 'buy BTC' bought 2. but then how do i sell? i clicked cancel on it, then mone ycame back to me. but i seen no way of selling the coins or takin profit. please explain somebody :) Hi Go here: http://goo.gl/rRYID0 and here: http://goo.gl/WacuuZ Good luck |
