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Author Topic: Who has the rights on making their SELL first?!!!  (Read 322 times)
lalala567
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June 08, 2017, 12:13:32 AM
 #1

Hi,

If for example on bluetrade exchange I put in a future sell order. But someone for example sells 150.000 coins for the same price/per coin that I set let's say 0.00009 BTC per coin. And I am selling 40000 coins for that same price, 0.00009 BTC per coin. Who is gonna get prioritised when it comes to selling first. Who's gonna be able to sell first???

Thanks.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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eddie13
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June 08, 2017, 12:23:32 AM
 #2

All exchanges that I know of, talking about orders placed on the same exact price, fill in the order that they were entered no matter their size..
Pretty much in a lunch line, if you pull your order and place it back on the same price then you go to the back of the line..

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June 08, 2017, 05:26:58 AM
 #3

it is called Queue or FIFO (First In First Out).
when you place an order you take up a place in that Queue, you may be the first person or the tenth and anybody that places an order after you will take the next place (second or 11th) and will have their orders filled after you.

this however is only true if the exchange platform is not scamy or buggy. most of them aren't and since i have been using bluetrade i can say they are not.

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June 08, 2017, 06:46:30 AM
 #4

At poloniex, orders are in equal size and there is no priorities to any amount you are willing to sell as the market or they trading platform don't recognise that. I don't know if other exchangers platform does that .


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carlfebz2
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June 08, 2017, 07:29:18 AM
 #5

Hi,

If for example on bluetrade exchange I put in a future sell order. But someone for example sells 150.000 coins for the same price/per coin that I set let's say 0.00009 BTC per coin. And I am selling 40000 coins for that same price, 0.00009 BTC per coin. Who is gonna get prioritised when it comes to selling first. Who's gonna be able to sell first???

Thanks.
The first order would be prioritize is the one who make the order first in line which when you set that oder in the very first place then someone make on the same amount he would normally get back next to you.Actually i havent observed this kind of scenario because it is very common and do happen mostly but at the end of the day all those orders will be bought or sold depending on demand.



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digaran
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June 08, 2017, 11:50:15 AM
 #6

If you want to experience first hand how the orders not only in a time queue but there are hidden queue as well which wont show up on orderbook try to visit yobit and pretty much every exchanging service having millions of coins and are constantly manipulating buy and sell orders, there is no authority to puts them in line and they fear no lawsuit because there is no law to begin with.
Have you ever seen some coins being bought up with a higher price than of your sell order? saying wtf just happened and desperately looking at your monitor wordless, thoughtless like a monkey and then realizing you have been facked over by the exchange?
You know what I do in these situations? I simply give in and dump because I know that is exactly what they want and then I will stop using their services.

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Coffee2015
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June 08, 2017, 11:58:16 AM
 #7

All exchanges that I know of, talking about orders placed on the same exact price, fill in the order that they were entered no matter their size..
Pretty much in a lunch line, if you pull your order and place it back on the same price then you go to the back of the line..
I believe the trade algos based on whi come first so it ll be the first one to be executed.
So far that I know, no volume priority at the same price.
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June 08, 2017, 12:20:09 PM
 #8

Hi,

If for example on bluetrade exchange I put in a future sell order. But someone for example sells 150.000 coins for the same price/per coin that I set let's say 0.00009 BTC per coin. And I am selling 40000 coins for that same price, 0.00009 BTC per coin. Who is gonna get prioritised when it comes to selling first. Who's gonna be able to sell first???

Thanks.

Most of the time it's automatic. The first one who placed the order gets it first. I don't think anyone can be prioritized with the order as it's the platform's system that assigns it. If you placed the order for selling first, then your altcoins would get sold first.

coinplus
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June 08, 2017, 12:54:42 PM
 #9

Hi,

If for example on bluetrade exchange I put in a future sell order. But someone for example sells 150.000 coins for the same price/per coin that I set let's say 0.00009 BTC per coin. And I am selling 40000 coins for that same price, 0.00009 BTC per coin. Who is gonna get prioritised when it comes to selling first. Who's gonna be able to sell first???

Thanks.
As per most of the exchange's practices your time of order will be maintained to prioritize your order among others. You can find this when you closely watching how orders are partially getting fulfilled.  But I guess some exchanges may have different terms for handling this, but I could not get how fairly they can go other than first-in first-out basis.

Some exchanges may go for malfunctioning there when their own orders competing against your orders.  These are just assumptions. We can be sure about complete fairness when trading with only reputed exchanges.

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June 08, 2017, 01:28:36 PM
 #10

Hi,

If for example on bluetrade exchange I put in a future sell order. But someone for example sells 150.000 coins for the same price/per coin that I set let's say 0.00009 BTC per coin. And I am selling 40000 coins for that same price, 0.00009 BTC per coin. Who is gonna get prioritised when it comes to selling first. Who's gonna be able to sell first???

Thanks.

not only for bluetrade exchange but all exchange are working on first come first sell coins option, who ever is waiting first in Que his orders will execute first their is no point like high orders will move first and low will move last it wont work like this it works on who have first order his coins will first get sold after that who is next in the Que will get his orders executed.

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