Is anyone using Bitstamp? I need a little help | Metals Mine

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Is anyone using Bitstamp? I need a little help

  • #1
  • First Post: Nov 17, 2017 12:52pm Nov 17, 2017 12:52pm
I have deposited 20k $ in my account. i am confused about placing the order. when i click to instant order. there is a field which is labelled as I want to spend (USD). which amount should i put there? i have 20k usd in my account. if i put 10k usd there at 7800 price and buy it and price go down to 7500 then how it will work? will i loose 500 usd or what?

sorry for my english as i am not native english speaker.
  • #2
  • Nov 17, 2017 2:48pm Nov 17, 2017 2:48pm
If your leverage is 1:1 then you're somewhat correct. Buying $10k of BTC at $7800 would get you 1.282 BTC. A 300 pip fall from 7800 to 7500 is 300x1.282=384.6$.

So your drawdown on 10k of BTC from 7800-7500 would be $384.6.

Hope this helps.
Focus.
  • #3
  • Nov 17, 2017 4:11pm Nov 17, 2017 4:11pm
Quoting Marco-Kanto
If your leverage is 1:1 then you're somewhat correct. Buying $10k of BTC at $7800 would get you 1.282 BTC. A 300 pip fall from 7800 to 7500 is 300x1.282=384.6$. So your drawdown on 10k of BTC from 7800-7500 would be $384.6. Hope this helps.
There is no leverage system, on bitstamp. so there is no lot as well. they are actually providing the service. see this faq

ARE YOU SELLING BITCOINS?
No. We are providing a service. You are always buying bitcoins from another individual, who is selling them. All we do is provide a safe and simple environment to trade. We guarantee that buyers get their bitcoins and sellers get their money at agreed price.
  • #4
  • Nov 18, 2017 7:07am Nov 18, 2017 7:07am
... then what is your question?

Or are you just here trying to promote?
  • #5
  • Nov 18, 2017 1:57pm Nov 18, 2017 1:57pm
Quoting traderjai_inhi
... then what is your question? Or are you just here trying to promote?
promote what? that is rude. question is simple that if someone is using bitstamp then answer my question otherwise they don't need to put their useless comments here.
  • #6
  • Nov 18, 2017 4:57pm Nov 18, 2017 4:57pm
Marco answered exactly what you were asking.

You might want to reconsider this whole investing thing... you don't appear to be very intelligent.
  • #7
  • Last Post: Nov 18, 2017 5:39pm Nov 18, 2017 5:39pm
Quoting traderjai_inhi
Marco answered exactly what you were asking. You might want to reconsider this whole investing thing... you don't appear to be very intelligent.
thank you. i got the answer on another thread.
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