Setting up your Bitcoin Buying Price

[jezzb]

Hi All,

Please excuse my dunb question, but I am not good at Math.

Can someone explain to me how I can setup on an exchange the Buying price I want for a specific Crypto currency, for example Bitcoin.

Let's say, I want to set a Buy order, and I have $200 to spend, and I want my order to take place when Bitcoin goes down to $6500.

On the exchange I use, I have the following fields to fill:

Amount to buy BTC  - My question is what do I put here? How much will the value of BTC be when it hist $6500?
Buy Price in USD  - Here I will put $200 as this is the amount I want to spend.

Hope I explained myself. Maybe there is an online calulator or an android app for this.

Thanks for any replies !

Cheers
Jez     

[DaMut]

Amount to buy BTC  = Total Bitcoin that you want to buy,
Buy Price in USD     = Your buy orders in USD,for example you want to buy Bitcoin and for every 1BTC you want to buy it at $6500,this is the place to put
                                your buy order un USD,not your total amount/capital.

actually every exchanger have their own calculator,
and all that you need to do is to find a place called 'Total Buy order in USD' or similiar to that one.
or if you can not find it try to do it by yourself by putting it in 'Amount to Buy BTC' and 'Buy price in USD'.
can you tell me what exchanger that you use to do this trade ? because i can help you out to fill it or explain it in detail.
also if you do not understand what i am talking about,usually they have FAQ/HELP or something like that in their site.
try to find it and learn it in there

[BTCLovingDude]

in most exchanges any field you fill will automatically fill in the rest for you. you just have to give it a price then either the amount you want to buy or the amount of money you want to buy with.
in your case since you want to buy with $200 you just put the buy price to $6500 then set the total to $200 and the system will fill the amount you will receive for you. and that would be 0.03070769BTC assuming trading fee is 0.2%

or you can set the price to $6500 and then set the amount you want to buy to 0.03BTC and the system will give you the total automatically and that would be $195.39 assuming fee is 0.2%

there is also this thing exchanges have called fat buy or something like that which buys at market price, you can NOT set your own price for this. it automatically  chooses the highest price and buys the amount you want with that.

[jezzb]

Thats to both for your reply - Much appreciated.

br

Jes