Title: Losing money going from local bitcoins to Multibit Post by: regal on September 28, 2014, 01:54:07 PM I just moved 500 in btcs to Multi bit and now its $384, what is goig on?
Title: Re: Losing money going from local bitcoins to Multibit Post by: s1lverbox on September 28, 2014, 01:54:57 PM I just moved 500 in btcs to Multi bit and now its $384, what is goig on? Something to do with exchange rate? Title: Re: Losing money going from local bitcoins to Multibit Post by: cryptomad on September 28, 2014, 01:56:14 PM I just moved 500 in btcs to Multi bit and now its $384, what is goig on? You moved 500btc? And the price has changed? Title: Re: Losing money going from local bitcoins to Multibit Post by: shorena on September 28, 2014, 02:11:39 PM I just moved 500 in btcs to Multi bit and now its $384, what is goig on? How much bitcoin did you send? Title: Re: Losing money going from local bitcoins to Multibit Post by: bitcoinequipped on September 28, 2014, 02:12:55 PM wow dude 115$ fucking fees?? no way,,,,,
Title: Re: Losing money going from local bitcoins to Multibit Post by: EFS on September 28, 2014, 02:15:43 PM Please be more specific about your problem so we can help.
Title: Re: Losing money going from local bitcoins to Multibit Post by: Ayers on September 28, 2014, 02:34:24 PM I just moved 500 in btcs to Multi bit and now its $384, what is goig on? You moved 500btc? And the price has changed? no he moved a value of 500(probably dollars) of his bitcoin, and he lose some money due to big fee or price changed Title: Re: Losing money going from local bitcoins to Multibit Post by: cryptomad on September 28, 2014, 03:34:53 PM I just moved 500 in btcs to Multi bit and now its $384, what is goig on? You moved 500btc? And the price has changed? no he moved a value of 500(probably dollars) of his bitcoin, and he lose some money due to big fee or price changed Probably due to different exchange rate or like you said he entered a higher fee than usual Title: Re: Losing money going from local bitcoins to Multibit Post by: fathur01 on September 28, 2014, 04:15:09 PM I hope it wasnt eaten up by an unknown or unexpected fee ???
Title: Re: Losing money going from local bitcoins to Multibit Post by: DannyHamilton on September 28, 2014, 04:34:28 PM My best guess?
You probably gave $500 to someone on localbitcoins and that person charged you a 20% fee for the privilege of doing business with them, resulting in you receiving $400 worth of bitcoins in your localbitcoins account. Then you sent those bitcoins from your localbitcoins account to your MultiBit wallet. In generating the transaction to send the bitcoins to MultiBit, localbitcoins charged you a 0.003 BTC fee which reduced the value of bitcoins received at MultiBit by an additional $1.20 or so. When you made the localbitcoins purchase (a bit more than 24 hours ago?), the BTC to USD exchange rate was probably around $406 per BTC. Now, you are looking at your bitcoin balance in terms of USD today, when the exchange rate is at the moment around $390 per BTC. Lets try walking through all this:
The math works out almost perfectly. I'd suggest that in the future you do the following to save on costs:
Title: Re: Losing money going from local bitcoins to Multibit Post by: hakkzpets2 on September 29, 2014, 01:59:18 AM How many BTC you have send? Please be specific on your problem.
|