What is this? Bcn coin price anyone can explain?

[Polo7]

Yesterday the bcn coin price was 0.00000004 to sell.   And it shows like 33% Red  price was down..

So I bought it today the price is Up by 25% it shows.. But the sell price is still  0.00000004.

If it shows the price has increased so much how the price is still low? 


So how its even possible like this?


Do i Missing something here?

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[Polo7]

The point is to buy low and sell high but if the price is same as it was when I bought how can i make profit even? 

[Raja_MBZ]

Actually, when you're seeing a "percent change" of a coin, you're actually looking at its "exactly 24-hour back price vs. the current trade price" change. The coins like BCN, DENT, BTT, etc are usually traded at single-digit satoshi prices. So imagine that BCN is being traded at the following prices for a few days:

-Buy orders at 4 sats
-Sell orders at 5 sats

Now imagine that someone buys a BCN from one of the sell orders at 5 sats today at 12:00:00, but the trade next second is of a sell (at 4 sats). Next day, even if the buy and sell values remain the same, you'll see spikes in the percentage-change of +25% and -25%. This happens because if the last traded price is 1 sat more or 1 sat less than previous day's trades (at the very same time of the day), the percent change will be displayed with respect to the previous day's trade value at that time. I agree that this can get very confusing sometimes, but oh well, I'm not sure why these stupid exchanges don't introduce extra fractions in such trading pairs.

[Polo7]

Actually, when you're seeing a "percent change" of a coin, you're actually looking at its "exactly 24-hour back price vs. the current trade price" change. The coins like BCN, DENT, BTT, etc are usually traded at single-digit satoshi prices. So imagine that BCN is being traded at the following prices for a few days:

-Buy orders at 4 sats
-Sell orders at 5 sats

Now imagine that someone buys a BCN from one of the sell orders at 5 sats today at 12:00:00, but the trade next second is of a sell (at 4 sats). Next day, even if the buy and sell values remain the same, you'll see spikes in the percentage-change of +25% and -25%. This happens because if the last traded price is 1 sat more or 1 sat less than previous day's trades (at the very same time of the day), the percent change will be displayed with respect to the previous day's trade value at that time. I agree that this can get very confusing sometimes, but oh well, I'm not sure why these stupid exchanges don't introduce extra fractions in such trading pairs.

Thanks for Good Explanation  

So you saing is, to catch up with the Good trade I Got to have eyes on screen 24 hours coz probably today it was higher then yesterday but... Today is long.. And 24hours means in some time period it really was higher price today it could be any time until Now  then it was before.


So this% is not Showing exaclty the current price?

But If some Exchangers are slow the price will be seen like sea wave After market has some delay...


I heared about PIT BLOCKCHAIN Exhanger fastest exchanger... So could this PIT exchanger is new solution for that Kind of delay problem??

[Raja_MBZ]

Actually, when you're seeing a "percent change" of a coin, you're actually looking at its "exactly 24-hour back price vs. the current trade price" change. The coins like BCN, DENT, BTT, etc are usually traded at single-digit satoshi prices. So imagine that BCN is being traded at the following prices for a few days:

-Buy orders at 4 sats
-Sell orders at 5 sats

Now imagine that someone buys a BCN from one of the sell orders at 5 sats today at 12:00:00, but the trade next second is of a sell (at 4 sats). Next day, even if the buy and sell values remain the same, you'll see spikes in the percentage-change of +25% and -25%. This happens because if the last traded price is 1 sat more or 1 sat less than previous day's trades (at the very same time of the day), the percent change will be displayed with respect to the previous day's trade value at that time. I agree that this can get very confusing sometimes, but oh well, I'm not sure why these stupid exchanges don't introduce extra fractions in such trading pairs.

Thanks for Good Explanation  

So you saing is, to catch up with the Good trade I Got to have eyes on screen 24 hours coz probably today it was higher then yesterday but... Today is long.. And 24hours means in some time period it really was higher price today it could be any time until Now  then it was before.


So this% is not Showing exaclty the current price?

But If some Exchangers are slow the price will be seen like sea wave After market has some delay...


I heared about PIT BLOCKCHAIN Exhanger fastest exchanger... So could this PIT exchanger is new solution for that Kind of delay problem??

Mate, you seem very new to crypto-exchanges and trading stuff. You partially understood what I explained, but you were unable to get it completely. I've got a few suggestions for you:

-As it looks like you're only beginning with the trading and other such stuff, I'd recommend you to use Binance in the start as it provides a very good GUI.

-At first, try to trade the big volume coins such as the top 30 (by marketcap).

-Give this thread a read, it might help you:

https://bitcointalk.org/index.php?topic=3326310.0

[Polo7]

Ok I undestood Now.


I usually trade with  usd pair  / btc/bchsv/bch/eth/ltc.

Many low volume cheap coins are real pain