So the market will eat up your order? you buy 1 BTC at 6700 $ and then you buy 0.1143 BTC at 6701$ and so on until let`s say absurdly the 10th BTC sells for 6800$?
Is that how it works?
yes, that's roughly how it works.
there are two sides to every trade: maker and taker. the maker sets limit orders. there is no guarantee that the market will fill them. let's say maker A posts a 1 BTC order at $6700 and maker B posts a 1 BTC order at $6701.
the taker places market orders, which buy into the limit orders. let's say the taker market orders 1.5 BTC. he will buy 1 BTC at $6700 and 0.5 BTC at $6701. maker B will still have a partially unfilled order left at $6701.
Also another question since the "INSIDER TRADERS SCUMS" from JPMORGAN and George "THE TERRORIST" Soros started investing in crypto and i don`t accuse them of being intelligent rather than relying on heavily on political contributions and corruption.
Have they started using Advanced BOTS just like in normal stock trading and forex? When you place a large order they scan the blockchain or the power supply and electricity for large orders (the electricity part is real i talked once via email to 1 big trader and he advised me not to start trading because of this automated robots and relying on charts and intuition has becomed pointless).
Do these robots exist here not in BTC trading? What are your thoughts?
yes, they exist in BTC trading. i've noticed FX-style algorithms in the market since 2014, and they've become characteristic of the more liquid crypto markets by now.
they have nothing to do with "scanning the blockchain or the power supply and electricity for large orders" though. it's more about typical market-making and arbitrage activity, and sometimes more malicious stuff like spoofing and quote stuffing.
in general, i'd say algo trading causes much more whipsaw activity in the market. chop chop!