Bitcoin Forum

Other => Beginners & Help => Topic started by: thedarksun on December 03, 2013, 02:41:08 PM



Title: I have a question about selling XCOINS
Post by: thedarksun on December 03, 2013, 02:41:08 PM
Let's say that I have 1 coin that I want to sell and the current market price is 500 dollars/coin.
So I initiate the transaction but I assume that the transaction wont complete immediately and will probably pend maybe 1 hour?
My question is, if during the transaction pending, the market price suddenly drops to 250 dollars/coin, Will I receive 500 or 250 for my coin that I can withdraw?


Title: Re: I have a question about selling XCOINS
Post by: hromobiti on December 03, 2013, 02:46:50 PM
Let's say that I have 1 coin that I want to sell and the current market price is 500 dollars/coin.
So I initiate the transaction but I assume that the transaction wont complete immediately and will probably pend maybe 1 hour?
My question is, if during the transaction pending, the market price suddenly drops to 250 dollars/coin, Will I receive 500 or 250 for my coin that I can withdraw?

Your talking about Coinbase or any exchange? If exchange, your sell order is filled (completly or partially) when someone buys at your sell price...


Title: Re: I have a question about selling XCOINS
Post by: thedarksun on December 03, 2013, 02:50:26 PM
Im talking about any exchange.

Also another question;

LTC is now at 30 dollar/.
If i buy LTC for 90 dollars, and while my payment is pending, the LTC rises to 45dollar/each.
Will I have bought 3 or 2 coins? Since my payment wasnt processed when it was at 30dollar/each