Risks with buying or selling DENT, HOT, or BTT
If you are planning on buying or selling BTT, Holo, or Dent, it is possible that:
- There will be a large difference between the buying and selling prices, or
- Your completed order could swiftly lose 50% of its value
TL;DR - Don't order these currencies. The spreads are too wide and you'll be angry about it.
We'll use DENT in the examples below, but it applies to the other coins.
The reason for this is that the DENT/BTC price has reached the very bottom of its decimal range (Bitcoin goes to 8 decimal places). DENT currently fluctuates between 0.00000001 and 0.00000003 BTC, which means that any negative price movement is a guaranteed 50-100% loss of value.
(Of course, any positive price movement could mean a significant gain.)
If you create a buy order with us for $1000 DENT, and we use up all available DENT in the market at 0.00000002 BTC, we'll have to fill the remainder of the order at the next available market price of 0.00000003 BTC - which means instead of ending up with $1000 worth, you could end up with $700 worth or even less, as we had to fill the second part of the order at 50% greater than the original price.
Please make sure you understand this warning, and buy/sell DENT, HOT, BTT at your own risk.
It's safest to place smaller orders.
We offer no guarantees or refunds for any difference in quoted and delivered amount.