Bitcoin Forum

Hey guys.

I placed a order on an altcoin 7 days ago.
Is there no way to see how far in the queue I am? Like seeing if I'm getting my order completed soon besides from % filled?
This is on Bittrex.
Thing is, the coin is moving up and down 1 satoshi all day long for 7 days and I'm not getting my order completed..
I want to buy on 0,0000011 satoshi..and it goes from 11-12 all the time..

So basically..is there some sort of way to see kinda how far away it is for my trade to go in?

Sorry for bad english.

It should be highlighted in the order book so if you scroll enough you should be able to see how many/much are above you. But the market can change anytime so what you see before going to bed could be very different when you wake up.

I suppose that you put in a limit order to buy this coin? Normally, when the price hits that level it should be executed if the volumes and liquidity of the coin is high enough.
If you don't want to wait, put in a market order. In this way your order is executed immediatly at the market price.

Well, situations like this goes one way in my mind. I feel like you have mixed up the the number of 0 digits in your buy order, because normally once your sale order or buy order clicks and exceeds, your order should have picked up. So check your buy order decimals.

Happens all the time with very low value coins/tokens (coins/Tokens that cost below 100 sats) and have a very high volume of coins/tokens in circulation. So in this case the volume of the asks and bids in the orderbook is so high, most in hundreds of millions of tokens so once you place your order. It will take several days before it gets filled by someone.

Avoid placing asks and bids on such tokens if you are planned to do quick trades.

The point that there are many same order value before you makes it more hard to see if you already nearing to complete your orders.

Most of the time it take longer if the coin ain't moving or just doing the same up and down, and also, if there's a bot that placing that order above you.

You need to decide if you already losing your patience and you think that there's a good movement for this coin,
you can cancel your position and take the current buying price.

There are two options in placing an order:

You can place it in a position or you can buy/sell the orders of other traders.

In positioning a trade, you should also have an idea or plan that the price will hit it or else your order may not be filled. This is the main advantage of a pro trader, he knows already when the price drops and explodes. They are so called positional traders, they place an order that they know, it will be the bottom or high price. But an amateur trader can buy instantly so that you should be left by the train.

Yeah, it sucks. I wish OP could tell us what coin/token he's trying to trade in so that I can check it out personally.
I remember facing the same problem when i was trading NPXS in Binance and it was pretty much in the same price range as OP's coin/token.

The 1 sat difference between the buy and sell orders looks profitable and irresistible especially if the buy and sell order prices are in the range of 10 sats and below. This means that the percentage price difference between the buy and sell orders is 10%+

I think what OP is trying to do Is what i tried to do sometime back. Try to play safe and place a buy order(bid) and then wait for it to get filled and then afterwards place a sell order (ask) and also wait for it to get filled, once filled, that's a clean 10%+ profit without much risk because such tokens/coins selling at that price are rarely volatile. The price is almost stagnant.
So, if he decided to sell at the current buying price, he will in fact be making a loss which I don't think was in Op's mind.

The problem is the number of buy and sell orders in the same price range by other whales so the order can take more than a week to fill up and worse if the liquidity of the token/coin is very low.

Alot of nice answers. Thanks.

Is there any possible way to see how much 1 satoshi is in quantities tho?

I have a order for 8 million coins(quantities) so I guess I just have to wait a while...but it makes me wonder how many quantities equals to one satoshi, since it goes up and down so much..

This is the best solution, if you can't wait, take the buy order.

I'm wondering what coin/s you are trading and what site, if this coin has a very low volume, the problem you face would likely be the scenario of the game.

Well, you need to multiply your coins to the 1 satoshi and the answer is the profit you perhaps will take. This perhaps a shit coin you will gonna sell. All you have o do is wait or if you cannot wait just adjust your bid in a lowest price or buy the current price. The problem is there is a bot trying to always place their bid above you. I also experienced the same as you, but most commonly I placed into high bid and forget for a while. The coin that newly listed in a certain exchange have a less liquidity, sometimes we cant think that it is manipulated by the bot.

Can you give the name of the coin that you are referring here?
Sorry, but I don't understand what you mean by how much 1 sat is in quantities.
If you don't want to wait, just like what Natalim suggested, just buy the coin instead of waiting to complete your order.
A simple math will help you in calculating your profit though.

I am talking about reddcoin(RDD)..and sure I can buy at market price right now, but its gonna be a whole 8-10% loss if I buy at 12 satoshi instead of 11..x) even tho its better to buy at 12 now if its suddenly moving up..but its being stable at 11-12 for a while..and stable low aswell xD

Okey, but doesnt it queue up orders? Its not like if a bot is buying less coins than me he gets first in line?

Can you provide us the screenshot of the order book?

Try to include all details such as your pending orders and all orders.

Include also the chart as maybe it not really hit your price target.

Since you already mention that the price of the coin is around 11-12 sat (sample the price of the coin is 11) you can only get 0.0909090909090909(Coin name) according to the calculator.

1÷11=0.0909090909090909

So you can only get 0.09 of the coin per 1 sat. Take note you must be aware of the trading fee so if you are going to buy that coin in the maximum you can get the number of coins minus the trading fee.

9 090 909,090909091..should be the right answer then, since the coin is worth 0,00000011 satoshi.

9 million coins up to make it go to ,12 satoshi...

and with all of these up and downs lately I dont understand how it can not be executed..it says that there is 159million quantities(17,5500 btc) that is wanted to get bought on ,11 satoshi..(was around 200 when I first added my order.  No idea where in line I am to those 159 million..)

Are you buying or selling altcoin? If you are buying an altcoin, you should bid higher than the other bidders so that you will be the first in line to have your order being sold by an interesting seller in the exchange. Unless if they are bidding higher than you, they will be the first in line.

There's no timetable on when your order will be filled, which depends on the liquidity and trading volume of that altcoin.

Maybe because, in the price you placed, you are the last person who placed order on that price and after few orders, the price pumped again so even the price dropped to the price you placed, it still not means your order will get executed, unless you are the first to place order on that price before.
But if you see in trade history and price dumped below on the price your order, and for sure your order is has already executed.

I think you have to estimate it manually, or how many people are queuing up at the same price you put before you placed your order, so you can predict when your order will turn out when the time comes.

It means you placed order on a coin which doesn't have enough trading volume, normally it won't even take minutes to complete order whe you are exactly buying for the current trading or selling price but if there are more trading orders with the same number then it take minutes or barely an hour, only you need to wait if you set the price too low from the current selling price.

I believe Bittrex has high active traders and you must have set an order limit which means your order will be filled when the condition for the order limit is met. In case you want to sell and want your order to be filled immediately on high liquidity platform, you will need to set this to market order and it will be completed at current price. however, in some low liquidity exchange platform, you will have to wait for buy order volume to be high enough above the sell order

Sometime it depends on traders interests rather than volume. Although bittrex current volume is well enough but IMO binance or KuCoin have most active traders now. 2/3 years earlier bittrex was one of the popular trading destination for traders but most probably due to their late and lengthy support system many traders changed their mind and move to other exchanges. As far as i know they launched their mobile apps where modern age traders undoubtedly like to continue their trading by mobile apps.

Maybe they will find out all their weaker point and resolve all the issue which may add some pace on their business growth.       

Since the trend of exchange native tokens bittrex has lost its popularity because people started going to binance due to the transaction fee reason. Most of the traders want to save satoshis. If they can pay BNB for the transaction fee and keep the satoshis instead the better for the traders.

For OP, I think you should just pick an order, market order to fill it all. At least you can just set a sell order for the next spike.

I am trading quite a lot at Binance and my orders are filled quite quickly and I understand the queue thing that others who placed their orders will get it filled first and rightly so but I mean the orders are filled pretty quickly and I never tried to understand how deep I am in the queue. I am doing isolated margin at Binance and they offer 10x leverage which feels great.

I have some bad experience on Bittrex and I know they are legit but sometimes they are too rigid on their terms and that hurts users like me when we are stuck with a minor problem, Bittrex are not flexible enough to help me out and hence I have now switched to binance since a few months and more and feeling really good here.

It should be damning for exchanges to have long order processing times. This is the trading business and orders can't wait for long before they become invalided by strategies due to price changes.

All exchanges should have at most a delay of a few minutes. I wouldn't use an exchange where orders take longer than that, then scalping and day trading become impossible.

If the whole lot gets finished and your order is not executed then this is a terrible sign for any exchange because when there is no slab left for the order then how is your trade not happening.

There are times when you might be too down the queue and there are more orders filled before the slab gets empty. You might want to cancel the order and place a new one to check if there is a glitch or you were just too way down in the queue.

I don't think there is actually any way to know how long the queue is in front of your order but generally you can see the volume like at 5 satoshi the volume was 4 btc and then you placed the order so once it get's below 4 you should have the trade filled.

You can check back your buy order and tried to increase it a little bit high. One reason why it never filled up to this time is might your buying order is low than the others. By setting it up high, it could for sure it will be filled for just a few minutes. You don't just be confident enough that after having the buy or sell order could be that filled right by then, it sometimes takes long more than you expected. Constant checking at your order will help you realize where you need to improve and see's actually the trend is highly recommended than to have complaints of not getting filled.

I always find the situation especially when I buy a low value of the coin. Although the price order is achieved as an example I placed an order at the price of $0.1 when the price reach that price my order still not filled. Yeah I just confused at that time but when the price goes below $0.1 my order will be filled 100%. So, this has happened to your order, you will see your withdraw completed when the price goes below to the price that you put. It will be happened when you will sell the coin, for example you will sell the coin at $0.1 then you have to wait until the price touch $0.2 and it's always annoying when you are trading.

Tend to agree, the problem maybe on the bulk of orders also that is why he is in lined up to the least buyer, and for sure every second the volume depends on the numbers. Is it really possible that it could take up to 7 days to receive the order? or the possible thing he could least do is to cancel the order and make a new order change the amount?

This might the problem of exchange that has a low liquidity. That's why they will used Binance exchange because of the high liquidity and trading volume was also high. Sometimes, it mad me pissed of then the bot over place your bid autonatically.

That is why patience is very important in trading. Nothing to expect for an instant, it all comes for a moment and might sometimes surprise you. What you've said are right, it all matters the set price. We don't expect that buyers will sell their coins to us if our buying order is smaller than the other who did the buy order also, of course, they choose those who have a high offer.

This is what it happens to OP and I urge him to give time looking at the market or spare more patient until the buy/sell order will be filled soon.

With trading it is all about the market order, limit order to the liquidity and volume of the particular coins pair. With low liquidity coins even if you go with the market order you need to have patience, because it won't be completed immediately. It takes time, apart from this is the same price quoting. If few of the traders have quoted the same price, you'll be qued and the trade gets executed when the market price is reached

If the trading volume of the coin is not that great, it would be hard for your order to get filled. Just like what others says, be patient.

For example:

Your order is on the 11 sats with 500K sats volume. But the total volume on the 11 sats order, let's say, is 10 million sats.

So if order on 11 sats has been only 4 million sats and your still remaining on that 6 million sats, it wouldn't push through yet.

Since your order is on the limit, I still think that the volume is significant with what you are trading.

I hope it made sense in some way, and this might be a good realization for you to find a trading pair that has a larger volume. 

To complete your trading order depending on the order book. Pay attention to the sale coins order if the lowest price is far above
11 satoshi, it will take time for your order to be complete. Especially if the coins you want to buy are low in volume, it will make
your orders become complete over time. My advice is that you don't buy on a limit order, but choose a market order so that your
transaction can complete instantly.

It seems like there were a lot of orders on 11 satoshis. And if it goes between 11-12 satoshis everytime, you have to wait much more longer because not everyone are willing to sell it for 11 satoshis.

Consider the volume, if there is a massive volume for 11 satoshis, then you might expect that some later time, your order will be finally completed. It is just as simple as that, if many traders placed their orders before you, then you are at the back of the line, waiting for your turn. If you want it to buy faster, buy it on 12 sats, but that can't make you profit for a while. It could also be your loss.