Nickoftime Posted June 4, 2017 Share Posted June 4, 2017 hello i am having a issue with gatehub trading and am looking for someone kind enough to help me through it. I am trying to initiate a very small trade as a test. mainly to establish how the system works but i am having a issue with it or not understanding it correctly. i picked (xau) to trade some (xrp) for as it has a low valuation of $0.005771 (Price pulled from coin market cap) to each xrp. With the math i have done at that valuation and (xrp) at $.29 i should be able to receive 50 (xau) to one (xrp). now when i go into trade on gatehub. i put (xrp) in the left side under the graph and (xau) under the right side. to the right of that it then provides me a area to buy and sell (xau). when i input the above numbers into it (50xau) at the top, 1 (xrp) below that. it automatically tallies 50xrp right below that (above the buy button.) something here is off but i can't seem to find it. also i see at the top last price listed at 220. and i can not explain the discrepancy in anyway. can anyone help? Link to comment Share on other sites More sharing options...
NanamiIsLove Posted June 4, 2017 Share Posted June 4, 2017 Ok, you currently hold XRP. On the right you have the BUY XRP / SELL XRP options. Select one, preferably SELL XRP. Now, input the PRICE (Green or Red) in the middle. Then input the top or bottom variant ( the other will automaticaly write itself). The system is: BIDS/ASKS, if both are at the same value(price) they are resolved. The thing you calculated is wrong. XAU/XRP = 220, XRP/XAU = 0.00454 Hope this clears up something. Link to comment Share on other sites More sharing options...
Nickoftime Posted June 4, 2017 Author Share Posted June 4, 2017 4 minutes ago, NanamiIsLove said: Ok, you currently hold XRP. On the right you have the BUY XRP / SELL XRP options. Select one, preferably SELL XRP. Now, input the PRICE (Green or Red) in the middle. Then input the top or bottom variant ( the other will automaticaly write itself). The system is: BIDS/ASKS, if both are at the same value(price) they are resolved. The thing you calculated is wrong. XAU/XRP = 220, XRP/XAU = 0.00454 Hope this clears up something. i think i am confused because of the original price i had of .005771. in your example if i understand this right. 212 xrp = 1 xau. am i understanding that correct? if that is the case i guess the price i am pulling from https://coinmarketcap.com/currencies/xaucoin/ is wrong maybe? If it is wrong i do believe i am now understanding why it is not working as i thought. just not sure why coinmarketcap has such different numbers. Link to comment Share on other sites More sharing options...
NanamiIsLove Posted June 4, 2017 Share Posted June 4, 2017 the XAU from coinmarketcap isn't XAU from gatehub. XAU from gatehub is actually GOLD.http://blog.gatehub.net/post/151340572932/bpg-launches-xau-trading-on-ripple Nickoftime 1 Link to comment Share on other sites More sharing options...
Nickoftime Posted June 4, 2017 Author Share Posted June 4, 2017 ok thanks, that makes it all click as i look around now. Link to comment Share on other sites More sharing options...
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