I can never get my price :(

[amgturbo45]

Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?

[jackg]

Are you putting in these orders based off any analysis or hope. If it's analysis then a lot of markets (almost every market) has quite a few "fake" moves where [a] large buyer(s) put in an order that pushes something in a certain direction. This means that there's a good chance the order will execute at the price you want it to.

[amgturbo45]

I'm not sure if I'm not understanding you or if you're not understanding me. I predict the price will drop and it does drop, but because Bitcoin is constantly on the move sometimes I don't buy the crypto for the price that I really wanted.

[Bitcoin_Arena]

Have you tried to notice the times your orders are filled? You can see this from the order history.

Basically,
a Limit buy order (Bid) has to be a little lower than the market price, if the Bitcoin price swings downwards past your target price while you are still placing your buy limit order. It will immediately be filled at the price of the lowest Limit sell order of another trader (the lowest ask price)

Likewise,
a Limit sell order (ask) has to be a little higher than the market price, if the Bitcoin price swings upwards past your target price while you are still placing your sell limit order. It will immediately be filled at the price of the highest Limit buy order of another trader (the highest bid price)

You can also provide some screenshots to help you identify what could have happened.

[jackg]

I'm not sure if I'm not understanding you or if you're not understanding me. I predict the price will drop and it does drop, but because Bitcoin is constantly on the move sometimes I don't buy the crypto for the price that I really wanted.

Ahhh I've reread your post and I got it wrong first time. I'm thinking you've set some sort of stop order that triggers when a price is below a certain amount tnd that's what's getting you.

Your history should say the price things are bought for though and the type of order you've placed if you can share those two things.

[GreatArkansas]

I am also thinking the same with Bitcoin_Arena,
maybe the type of order you put, there a huge difference on limit order and market order.
Market orders (buy or sell) can sometimes have disadvantages or advantages like for using market order as stop loss, will sometimes it is better to use it as stop loss so you will not get liquidate or lose some in abrupt price actions.

You can read more about Market and Limit orders here -> Market and limit orders – Kraken

[crwth]

If I understand you correctly, let's make this a scenario.

Let's say the price of 1 BTC = $1 (for the sake of easy analogy)

You put in a limit order of 2 BTC for $2.00. It was bought at that price, so now you have $2.00 and no BTC.

Since there is volatility with the BTC price, let's say the BTC value the next day is now $2.
The order you have in the history is in BTC, so the 2 BTC you have is already worth $4. (I think this is where you get mixed up, OP)

Order value is always going to be the same. 2 BTC (amount of your order)
The price of BTC is always going to be volatile. ($51k, it can be $100k)

It would help if you looked at the amount of BTC that you input. So if that's correct in value, then you don't have to worry about anything.


What exchange are you using btw?

[batang_bitcoin]

CMIIW.
Where are you trading? that's odd for me if you have set it for specific price then you are receiving more than and sometimes less than to the price that you have set.
I think what you are looking is to the paper value of bitcoin for which if the price goes up, value is up and vice versa.

[amgturbo45]

Thank you all for the replies and help. I trade on KuCoin, I have included an image below. So in this case I'm trying to buy DOGE at the highlighted BTC price. If we assume that that BTC price is $1 (i want to buy the coin once it hits $1) BUT the VALUE of Bitcoin maybe goes down so my $100 that I had strictly in Bitcoin maybe goes down to $90 would I still get the value of $1 for the DOGE or would I be buying it at a higher price than original since the value of Bitcoin went down?

https://ibb.co/7vy6XMz

[hugeblack]

Thank you all for the replies and help. I trade on KuCoin, I have included an image below. So in this case I'm trying to buy DOGE at the highlighted BTC price. If we assume that that BTC price is $1 (i want to buy the coin once it hits $1) BUT the VALUE of Bitcoin maybe goes down so my $100 that I had strictly in Bitcoin maybe goes down to $90 would I still get the value of $1 for the DOGE or would I be buying it at a higher price than original since the value of Bitcoin went down?

There is a difference between a market order and limit order. They are both different from each other.

Market order price:  it is a purchase order at the highest price in the market, meaning that you will buy the currency at a higher price than its price, which means that you will lose if you place it and sell it directly. it is good when you need to buy this currency quickly, whatever its price.

limit order: You place a bet on a certain price, if the currency reaches this price, it will be bought, otherwise you bet will be on.

Remember when you are trading BTC/DOGE pair, forget about the value of US and see the price of DOGE at BTC

[Bitcoin_Arena]

Thank you all for the replies and help. I trade on KuCoin, I have included an image below. So in this case I'm trying to buy DOGE at the highlighted BTC price. If we assume that that BTC price is $1 (i want to buy the coin once it hits $1) BUT the VALUE of Bitcoin maybe goes down so my $100 that I had strictly in Bitcoin maybe goes down to $90 would I still get the value of $1 for the DOGE or would I be buying it at a higher price than original since the value of Bitcoin went down?

It will obviously be executed at a different fiat value because the BTC/USD and the DOGE/USD markets maybe move differently. When executing orders on a trading pair like DOGE/BTC, you should even stop thinking about fiat value or you just get confused.

What I would suggest you do is use the USDT trading pairs. Like selling your BTC for 100 USDT on the BTC/USDT trading pair and then buy Doge on the DOGE/USDT trading pair. Of course, you are going to pay 2 times in trading fees

[death69]

Are you using bitcoin against other cryptocurrency? I mean, you trade xxx/btc right ? By using bitcoin as a main currency for trading, you have to accept that bitcoin is fluctuated and it is hard to control the price of bitcoin. Therefore, you might usually encounter a different entry when you convert them to USD.

Why not trade with usdt. This coin is very flexible, and it represents for the real USD for many years. Most exchanges support this currency

[xianbits]

Thank you all for the replies and help. I trade on KuCoin, I have included an image below. So in this case I'm trying to buy DOGE at the highlighted BTC price. If we assume that that BTC price is $1 (i want to buy the coin once it hits $1) BUT the VALUE of Bitcoin maybe goes down so my $100 that I had strictly in Bitcoin maybe goes down to $90 would I still get the value of $1 for the DOGE or would I be buying it at a higher price than original since the value of Bitcoin went down?

There is a difference between a market order and limit order. They are both different from each other.

Market order price:  it is a purchase order at the highest price in the market, meaning that you will buy the currency at a higher price than its price, which means that you will lose if you place it and sell it directly. it is good when you need to buy this currency quickly, whatever its price.

limit order: You place a bet on a certain price, if the currency reaches this price, it will be bought, otherwise you bet will be on.

Remember when you are trading BTC/DOGE pair, forget about the value of US and see the price of DOGE at BTC

OP, please take note first of the highlighted sentence above. You should not look much on USD (or USDT) when it is not one of your trading pair. Focus on the pair alone.

I just want to add some explanation on what is Market and Limit orders as far as my experience is concerned.
If you buy on a Market Price, you are buying for a price equal to the current price in the market at that instant. Your order will generaly become successful instantly.
On the other hand, Limit Price will enable you to set an order at your desired price. You can set it even to a very low price, it's up to you. BUT, there is no guarantee that your order will be successful instantly. You still need to wait if someone sells or buys your limit order.

[AicecreaME]

Stop doing day trade in my opinion. I mean instead of doing what you usually do, why not just wait for the price to go up larger than what you have set for you to sell your Bitcoin, I think that should help. Volatility of Bitcoin is not a curse, but a gift, it gives easy profit to anyone who knows where to enter and exit the market.

I also guess that what you're lacking is that you don't know how to read the market, if it is bullish or bearish, or maybe just having a price correction. Instead of selling out your Bitcoin because of sudden panic, just wait and its price would go back to normal because of its volatility. Patient is the key, you won't lose anything if you'll hodl it for a while unless you really need the money.

[noorman0]

-snip-
would I still get the value of $1 for the DOGE or would I be buying it at a higher price than original since the value of Bitcoin went down?

The main pairs differ in liquidity and do not guarantee that you will get Doge with the same value when compared to USD. In the past, I posted on WO thread about my trading experience at KuCoin that I managed to buy BTC at a cheap price BTC><USDT which is not the case with other stablecoins pairs at that time because of the difference in liquidity.

Just got BTC Flash Sale on Kucoin. Only 5 secs.. Lol

So, I agree with @xianbits that you only need to focus on 1 pair. There is no need to compare it afterwards unless you want to sell it to another pair.
Btw, does that mean you buy by "market order"?

[tvplus006]

I'm not sure if I'm not understanding you or if you're not understanding me. I predict the price will drop and it does drop, but because Bitcoin is constantly on the move sometimes I don't buy the crypto for the price that I really wanted.

This is due to the lack of liquidity and in such cases, there is a slippage, and the purchase or sale price may differ from the one you set. This can happen not only when you use a stop loss, but also when you set a limit order to buy/sell. And most often this happens when bitcoin is reset, then the volume of coins to sell exceeds the volume to buy. At such times, your order may not work at all.

[pawanjain]

Thank you all for the replies and help. I trade on KuCoin, I have included an image below. So in this case I'm trying to buy DOGE at the highlighted BTC price. If we assume that that BTC price is $1 (i want to buy the coin once it hits $1) BUT the VALUE of Bitcoin maybe goes down so my $100 that I had strictly in Bitcoin maybe goes down to $90 would I still get the value of $1 for the DOGE or would I be buying it at a higher price than original since the value of Bitcoin went down?

So this is where the confusion is. You are trading in BTC pair but are seeing it's value in USDT.
You can either buy the coin directly in USDT pair or stop valuing it in USDT and start valuing it in BTC to avoid the confusion.
The best thing would be start valuing the coin in BTC pair because when bitcoin increases in price your coin's USDT value would increase automatically.

[gerryhartell]

It would be better to trade in BTC pair..Bitcoin prices are rising and falling. Now the maximum coin price has come down. It is not possible to make profit if bitcoin is not stable. Now I am waiting for something better.

[mersal]

Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?

BTC price keep changing every second and there is no constant price for Bitcoin as well because it is not going to be same at the same time when you are buying from two different exchanges so if this is new for you then get used to it.

You can exactly buy and sell BTC for the exact price you wanted but only if the trade order matches with other trades.

[DoublerHunter]

Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?

^ Just because BTC price is very volatile, there would be changes in every second and even exchange will have an update of the price every now and then. SO that case, BT price was increased a little bit. If you have bought at the price of $2 mark in the market price, make sure you will sell it at a higher price in the market and not undervalue price when you purchased your BTC. The basic strategy in trading is, "buying BTC when the price is low and sell when the price is high", this is very important to remember and avoid panic at all.