Bitcoin Forum

I  was buying a coin on bittrex, looking at  the  order book  

ASK:  PRICE  0.00158400  

BID :  PRICE   0.00157780  

I  wanted  to buy it  so  I put  an order  at current market price (last  offer) but  it  has   not  been  fullfilled  yet ,  does this   mean that  people don't  want to sell (now),  so there is  more buying pressure?

 must  the  ask price  reach   0.00157780 to   get  my order fullfilled ?

Sorry noob....

Yes, what it basically means is that nobody at bitrrex is buying at your price. If you need them exchanged quicker, you need to take them at other peoples prices. Otherwise, be patient, and depending on the going market rate, someone will take you on.

Usually if it's just a few satoshi difference it's quicker to just pay the current bid price and have the buy go through instantly. Else you gotta wait for the price to come down.

Yes usually that's what happens most of the time, and nobody usually buys the last price offered. Or it may take some time especially if the coin is not moving or there are no new updates tendency would be your coin will just stay there until someone buys them at your price. Anyways you can just cancel that order and sell them at its bid price so it'll be bought right away.

Yes that is true. Also you probably pay more fee if you wait for your order to be filled so if difference between bid and ask is very less, you can be better off if you sell your coins.

think of orderbooks as Queues.
when you place an order, you go inside a queue, and have to wait until your turn. it is a first in first out kind of situation.

so here two things are happening:
1. when you place an order on the top of buy orderbook (bids) you are placing your order after all those that already exist. so on 0.00157780   there may be 10 other orders with some total size which you can see prior to placing your own order and it needs to be filled before it is your turn.
2. nobody may sell or some others may place higher bids than you. like placing orders at 0.00157780+ 0.00000001 and be filled before you.

just be patient, a huge amount of sellers and buyers are impatient , your order will go through.

Yes, they don't want to sell it in that case. So you must search the details for the right price to be able to choose what you desire to ask. Keep calm and be patience to learn something about what you must ask. Be updated for the prices in  the list.

Yes in general these is difference between highest buy order and lowest sell order. Market automatically makes this smaller so basically noone wanna sell you coins on that price. You need to match lowest sell order for quick buy.

You should not wait for your order to be filled, for this gap, the best thing you can do is to sell or buy directly. Maybe price will decrease also, you can't be certain

Yes, it means nobody wanna buy at the price you put your sell order. Just be patient and wait until someone will put a higher price. Otherwise if you wanna sell your coins quickly just accept bid price. So "Bid Price" is the highest amount traders wanna pay to buy coins, while "Ask Price" is the lowest amount traders wanna pay in order to sell your coins. Obviously bid price is usually lower than ask price because people wanna pay less to buy coins. While "Last trade price" (or similar expressions on other exchanges) means the last trade price.