RE: LBRY (LBC) Update: Double Cup & Handle!!! Unusally BULLISH!

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LBRY (LBC) Update: Double Cup & Handle!!! Unusally BULLISH!

in bitcoin •  7 years ago 

Yes, the sell price will be the USD sell price in BTC.

To make the example easy, Lets say 1 BTC = 1,000 USD. and 1 Litecoin = 100 USD, this will make 1 Litecoin equal to 0.1 BTC, so you set the sell price at 0.1 BTC, but next day BTC "Kaboomed!" and went up to 2,000 USD, this will make your Litecoin worth 0.05 BTC instead of 0.1 . even though it is still 100 USD so you position wont sell. So referencing the coin to USD seems to hold the "actual" current value of the coin in a way.

bitcoin
7 years ago by

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      ·  7 years ago 

    I’d very much appreciate if I could get an explanation how to set stop loss and limit orders in case of alts related to btc. How do I count the future $ price if btc is changing all the time?
    Couldn’t find any explanation anywhere. Really counting on you guys here:)

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