Question about exchanges

[bogdy23]

Hello,

Quick question? If you put down say 10 BTC to sell or 10 BTC to buy. Or a large ammount. Will that trade get taken or at least fractions of it.
Or only someone looking to buy 10 btc at 6700 will get that trade and it can be say 1 BTC at 6700 , 1 BTC at 6650 and so on?
Thank you

[1714625782]

1714625782

[1714625782]

1714625782

[apityeh71]

This is according to you become market taker or market maker,  if you become market taker you will get price of bitcoin at $6700, but if you become market maker you will get price the same or higher than $6700 when you buy,  or the same or below $6700 if you sell that BTC.

[sandos]

don't understand what are u talking about. but I think:
- if you sell 10 bitcoin at 6700 price. if have 1 order buy 1 bitcoin at 6700 price then your order still on exchange with 9 bitcoin at 6700 price. If price bitcoin when you sell is more than 6700. like have an order 9 bitcoin at 6800 and 1 bitcoin at 6700 you will get = 9*6800 + 1*6700 for your order sell 10 bitcoin at 6700.
am I wrong?

[NeuroticFish]

Hello,

Quick question? If you put down say 10 BTC to sell or 10 BTC to buy. Or a large ammount. Will that trade get taken or at least fractions of it.
Or only someone looking to buy 10 btc at 6700 will get that trade and it can be say 1 BTC at 6700 , 1 BTC at 6650 and so on?
Thank you

Let's say somebody wants to buy 10 BTC no matter what the price is. Then he will buy the cheapest sell orders until the SUM of 10 BTC. This may be for example 8 (sell) orders of 1 BTC each and 2 BTC from a large 20 BTC sell order.

In reality the price does matter and it becomes a bit more complicated. He will try to buy the cheapest orders under the specified price until the SUM of 10 BTC. If the SUM is not fulfilled, the part the was not fulfilled will become a new buy order at that specified price and will stay there until others fill that order (sell at that price) or the initial buyer cancels that PART of the order. When the sellers will fill that order (part), again, they may fill the entire order or parts of it, until it's "depleted".

[bogdy23]

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?

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?

I`m thinking they can have large mining equipment send the order to the miners so that they execute the trades and get their word out through the blockchain faster

[Baofeng]

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?

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?

I`m thinking they can have large mining equipment send the order to the miners so that they execute the trades and get their word out through the blockchain faster

I can only answer based on my assumptions. Yes, trading bots in crypto world is real. I don't like people using it, but this is a free market and even though they can really hurt the market, we can't do anything about it because of the decentralized nature of crypto. That's why I also believed that what's currently left in the system as whales and speculators using bot to their advantage. I also see that this is one reason why the price can't see to make a break out run. When we are about to make a significant price barrier breach, the next day we're going to witnessed a sell-off that nobody can explain, except for bots manipulating the price again.

[figmentofmyass]

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!

[exstasie]

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?

I`m thinking they can have large mining equipment send the order to the miners so that they execute the trades and get their word out through the blockchain faster

You're mixing up blockchain activity with exchange activity. Bot trading only takes place on centralized exchanges or brokers: these trades take place off-chain, so miners have nothing to do with it.

What can happen is that exchanges (or large traders associated with them) use inside information about order books to cause stop runs or liquidity squeezes. Or they can front-run with HFT order matching algorithms.

They're mostly hurting scalpers and arbitragers, outside of the occasional stop run that turns into a margin cascade. If you trade higher time frames (and set wider stops accordingly), this sort of manipulation doesn't affect you much. 

[super5star]

Hello,

Quick question? If you put down say 10 BTC to sell or 10 BTC to buy. Or a large ammount. Will that trade get taken or at least fractions of it.
Or only someone looking to buy 10 btc at 6700 will get that trade and it can be say 1 BTC at 6700 , 1 BTC at 6650 and so on?
Thank you

It would get to fractions. For example if you put up 10 bitcoins for 6750 than your order will be sold
fractionally by everyone who wants to buy, one guy can get 1 bitcoin of it, the other 0.002 of it, and in total it will be sold by everyone who puts up same offer or just say buy directly if the price is at you on that moment.

Which means you do not have to wait for anyone to come and buy/sell all of your offer at once, it will be chopped to pieces until it is all done. Other way would have been really difficult because it would be really hard to find buyers/sellers that would buy that much of it.

[BitBay*]

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?

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?

I`m thinking they can have large mining equipment send the order to the miners so that they execute the trades and get their word out through the blockchain faster

On many cryptocurrency exchanges the market and price of BTC is made by the Users of the exchange. And yes, it's true that on most of the exchanges people are using BOTs for daily trading, but you can use the hidden offers to avoid BOTs that don't see these.

[Dudeperfect]

Well, it all depends on the buy orders which are already placed on that particular exchange and the price/bid for the Bitcoin purchase. If you are willing to sell Bitcoins at a particular rate which is trailing on that exchange then go with the exchange having a high volume that will make sure that you will get the latest rate without longer wait time.

[bit-freedom]

You set the price when you place the order to sell or buy BTC. If there is an order from another trader that match your price, the order will be fulfilled.