Open oder not executed

[JohnUser]

Hello,

I did an open order at $1230 on 3/03 but it was not executed when btc drop to this price the 4/04 (on bitstamp)

I would like to know if this happen often ? Maybe bots have trouble when its a price only a few seconds ? Or something else i don't get.

Thanks for help.

[1713476106]

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[1713476106]

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[1713476106]

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[1713476106]

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[~Bitcoin~]

Looking at chart https://bitcoinwisdom.com/markets/bitstamp/btcusd
Price have touched 1230$ exactly but i think your orders were piled after another order at same price level. And there may not have been enough sells to execute your orders.

[JohnUser]

Thank you for your answer.

Yes it was exactly 1230$. Not a big deal but i try to understand.

If my order come after another one does it mean they did their order before me ? Or is it random ?

Another reason could it be that bigger customers come first ?

(of course i have open a ticket on bitstamp and will see what they tell me, but I'm not sure they will say the true).

[talkbitcoin]

as ~Bitcoin~ explained when you open up an order it goes into a queue which is like a line of customers one after another. in your case you got unlucky because there were more people (orders if front of you).

it looked like this:
in the orderbook:
Vol=900BTC     price=$1230.0

in reality:
1. 1BTC price=$1230.0
2. 25BTC price=$1230.0
3. 0.1BTC price=$1230.0
4. 0.9BTC price=$1230.0
5. 100BTC price=$1230.0
6. 693BTC price=$1230.0
7. 10BTC price=$1230.0
8. your order price=$1230.0
9. 20BTC price=$1230.0

multiple trades sold bitcoin to this orderbook in total of 820BTC in the queue orders from 1 to end of 6 were filled and orders from 7 to the end remained.

[JohnUser]

FIFO if I understand (first in first out).