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Author Topic: Bittrex question and general trading question  (Read 7968 times)
TeamDisaster
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March 18, 2015, 11:58:39 AM
 #1

I can't seem to find a direct answer to this on Bittrex's fax or via general search - when you place a trade order on Bittrex, is the fee applied at time of placing order, or only on completion of order?  (Basically, do you get charged the fee if the order is subsequently cancelled?)


Also, regarding the fluctuation of Altcoin values, I have not yet convinced myself whether the amount available significantly affects the price of the coin.  For example, 100K available, 50K withdrawn from sale (not sold, just withdrawn from sale) - is that likely to push the price up a little, or have no significant effect?  I'm pretty new to all this and obviously you'd think the normal rules of supply:demand apply to some extent, I'm just not sure to quite what effect.

(I'm hoping these questions aren't too dumb... )

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arallmuus
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March 18, 2015, 12:40:44 PM
 #2

I can't seem to find a direct answer to this on Bittrex's fax or via general search - when you place a trade order on Bittrex, is the fee applied at time of placing order, or only on completion of order?  (Basically, do you get charged the fee if the order is subsequently cancelled?)


Also, regarding the fluctuation of Altcoin values, I have not yet convinced myself whether the amount available significantly affects the price of the coin.  For example, 100K available, 50K withdrawn from sale (not sold, just withdrawn from sale) - is that likely to push the price up a little, or have no significant effect?  I'm pretty new to all this and obviously you'd think the normal rules of supply:demand apply to some extent, I'm just not sure to quite what effect.

(I'm hoping these questions aren't too dumb... )

no exchange going to charge you for placing order, the fee will get counted only after your order is executed

Example

you place a 1 btc order

your 1 btc will be deducted with the 0.25% after your order get executed

If your entire 1 btc got executed, then the fee will be 0.25%*1 btc = 0.0025 deducted

if only 0.5 btc got executed , then the fee will be 0.25% * 0.5 btc = 0.00125 deducted and the rest of the 0.5 will still be there and not deducted before it got executed

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TeamDisaster
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March 18, 2015, 12:47:41 PM
 #3

Good to know, many thanks!  (I was sure that was how it worked but couldn't quite convince myself enough to be comfortable.)

- Dev of Captain Disaster in Death Has a Million Stomping Boots, sponsored by GoldPieces
- Crypto Games: Snake and Valerian: Universe (both use HYPER, GP and more)
- Faucets: Moon Bitcoin, Moon Litecoin, Moon Dogecoin
arallmuus
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March 18, 2015, 01:36:33 PM
 #4

Good to know, many thanks!  (I was sure that was how it worked but couldn't quite convince myself enough to be comfortable.)

Glad to see the explanation convinced you

I am fairly certain that this is how all exchanger operates, none exchanger will charge their customer just by placing orders and cancel them

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.Ecological Community in the Green Planet.
❱❱❱❱❱❱     WHITEPAGE    |    ANN THREAD     ❰❰❰❰❰❰
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