Bitcoin Forum
December 07, 2021, 01:00:27 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How exchanges work  (Read 859 times)
oddity
Newbie
*
Offline Offline

Activity: 19
Merit: 0


View Profile
June 21, 2011, 04:19:03 AM
 #1

Hey all,
I'm very new to trading anything so maybe this is a dumb question but:

If an exchange lists the current highest bid price as $10 and I enter a new sell order for $9 will the transaction go through at $10 or $9?
1638838827
Hero Member
*
Offline Offline

Posts: 1638838827

View Profile Personal Message (Offline)

Ignore
1638838827
Reply with quote  #2

1638838827
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1638838827
Hero Member
*
Offline Offline

Posts: 1638838827

View Profile Personal Message (Offline)

Ignore
1638838827
Reply with quote  #2

1638838827
Report to moderator
1638838827
Hero Member
*
Offline Offline

Posts: 1638838827

View Profile Personal Message (Offline)

Ignore
1638838827
Reply with quote  #2

1638838827
Report to moderator
1638838827
Hero Member
*
Offline Offline

Posts: 1638838827

View Profile Personal Message (Offline)

Ignore
1638838827
Reply with quote  #2

1638838827
Report to moderator
byronbb
Legendary
*
Offline Offline

Activity: 1414
Merit: 1000


HODL OR DIE


View Profile
June 21, 2011, 04:28:35 AM
 #2

$10.  Its also about liquidity, or how much is available to be bought at a certain price. Say you wanted to sell 1000BTC at no lower than $9. On the exchange there are bids for $10 but only 500BTC worth. There is 200 BID at $9.5 and 1000 at $9. Your Sell of 1000BTC at $9 executes a sell at $9, $9.5 and $10.

oddity
Newbie
*
Offline Offline

Activity: 19
Merit: 0


View Profile
June 21, 2011, 06:24:11 AM
 #3

thanks!
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!