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Author Topic: Cheap Buy Orders  (Read 189 times)
Kongxx (OP)
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August 28, 2019, 09:49:37 AM
 #1

In trading exchanges, there are buy orders which offer very far lower prices than the market prices.

Are these orders trustworthy? Will we get the coins we order?

VanDeinsberg12
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August 28, 2019, 11:56:32 AM
 #2

These orders are trustworthy and you will get your coin when someone is willing yo sell his coin at your price. That has already called as a the market spread and that big spread between the sell and buy order created by the low volume and demand to buy such coin and that makes someone can put various price as the price to be placed in the buy order.

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August 28, 2019, 12:10:38 PM
 #3

Yes, every exchange has requests and offers in all coins, and it is clear that we can trust even in a very cheap price quote, and we will get coins orders if the price is appropriate as offered in the exchange.

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August 28, 2019, 12:11:42 PM
 #4

In trading exchanges, there are buy orders which offer very far lower prices than the market prices.

Are these orders trustworthy? Will we get the coins we order?


Yes, when you make a sale at a low price, you will still receive money. There are buy orders on any coin.
It is not a bot order, it is a real order. I used to be at the wrong price I wanted to sell and I paid a heavy price.

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August 28, 2019, 12:27:45 PM
 #5

Market price is between buy and sell price. If the spread between buy and sell price is high then you can be sure that you will not buy or sell the token for the price what you see on coinmarketcap.

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August 28, 2019, 01:28:26 PM
 #6

If you mean such exchanges like forkdelta - you can placed order with any price there. And yes, you can trust it. If exchange is good - you can trust.
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August 28, 2019, 06:53:02 PM
 #7

It is probably a scam exchange. Don't deposit coins on the exchange until you have made enough investigations. You should have posted the exchange websites to enable members help you investigate it.
The price difference of thesame cryptocurrencies on multiple cryptocurrency exchanges is not that much. And you can benefit from the small price difference via abitrage.
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August 28, 2019, 06:57:16 PM
 #8

It depends on the trading volume. If the volume is high, it is legit price due to its current demand. But if the volume is low, there is a possibility that the altcoin is being dumped since there are no people interested on buying it due to some reasons that it is a shitcoin, dead project, scam, etc.

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August 28, 2019, 06:57:31 PM
 #9

In trading exchanges, there are buy orders which offer very far lower prices than the market prices.

Are these orders trustworthy? Will we get the coins we order?


If there is an order filled with the low price then the chances of this will fill in the next minute if its an sell order and it might never filled when it is a buy order,so setting price depends on everyone so don't believe anything other than your analysis.

Jenkins33
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August 28, 2019, 07:25:08 PM
 #10

In trading exchanges, there are buy orders which offer very far lower prices than the market prices.

Are these orders trustworthy? Will we get the coins we order?



On centralized exchanges, orders are executed immediately after you redeemed them. Therefore, if someone made a mistake and placed a very cheap order, then you can redeem it.
Some decentralized exchanges fail and there may be an order in the orders that someone bought earlier, so you need to check them before placing your order yourself.

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August 28, 2019, 08:46:00 PM
 #11

If the buy order(s) is/are appearing visibly, particular the unexecuted orders, they can be trusted, except if the person(s) who placed the orders cancel them. The only orders I feel cannot be trusted are those that you see on executed orders, particularly trade history, but are not visible on the unexecuted orders. This is because some exchanges make use of trading bots. However, this cuts across almost all of them, with the exception of decentralized exchanges.
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August 28, 2019, 08:54:56 PM
 #12

In trading exchanges, there are buy orders which offer very far lower prices than the market prices.

Are these orders trustworthy? Will we get the coins we order?



trustworthy or not it's depend on coin it self and also exchange . If you see exchange is trusted, so the problem is with the coin. Some exchange did a bad job to increase their users, i mean they used fake data or fake order.

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flemmings02
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August 28, 2019, 09:16:09 PM
 #13

In trading exchanges, there are buy orders which offer very far lower prices than the market prices.

Are these orders trustworthy? Will we get the coins we order?



Some of those orders are from trading bots, or traders who just place orders just incase there is a huge dump and they don't have to miss out. The orders could also fake orders set by the exchange, so you really can't tell.
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August 28, 2019, 09:41:35 PM
 #14

In trading exchanges, there are buy orders which offer very far lower prices than the market prices.

Are these orders trustworthy? Will we get the coins we order?



These orders usually occur in the event of a trader’s error, when he is mistaken with one or more zeros in price. Such errors are extremely rare. It also sometimes happens that a trading bot, due to incorrect settings, makes a mistake in placing orders, in which case it can cause great damage to its owner.

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August 28, 2019, 09:43:52 PM
 #15

Depends on the exchange. Sometimes little exchanges may have odd orders, usually at negligible volume levels.

Or it could be a coin without a working wallet. I know yobit has had some coins at unusually low prices in the past. And your first thought may be it's a great arbitrage opportunity. Then you check the wallet and see it's disabled. So you'll get the coin sure enough, but won't be able to move it off the exchange.

So if you do go for this, at least make sure the exchange has a working wallet first.
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August 28, 2019, 10:49:39 PM
 #16

Some of those orders are from trading bots, or traders who just place orders just incase there is a huge dump and they don't have to miss out. The orders could also fake orders set by the exchange, so you really can't tell.

I agree with this statement. The cheap Buy Orders may be made by bots or people who expect for a huge dump. It can be done by traders or the exchange itself. Actually, it sometimes doesn't make sense to get the coins. They may set the rate orders for long term or just hope for the luck.

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August 28, 2019, 11:04:55 PM
 #17

If you mean such exchanges like forkdelta - you can placed order with any price there. And yes, you can trust it. If exchange is good - you can trust.
Decentralized exchange have the trusted buy order, because there's never any bot, it's real human that want to buy with low price. because in there it's already like from hand to a hand.

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August 28, 2019, 11:22:35 PM
 #18

In trading exchanges, there are buy orders which offer very far lower prices than the market prices.

Are these orders trustworthy? Will we get the coins we order?



If you have any doubts you should not decide to buy, but do the checking. As already happens, you can trust it because every exchange like Forkdelta has a difference with other exchanges.

With you make this post and now you listen to suggestions from others. So you can now decide to make a purchase. Because it is your chance to have a coin at a cheap price.

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August 28, 2019, 11:29:08 PM
 #19

In trading exchanges, there are buy orders which offer very far lower prices than the market prices.

Are these orders trustworthy? Will we get the coins we order?



sometimes a huge dump will coming in several exchange and touch the lowest buy orders  mate
if thats happend, your buy orders will closed, wich mean you will get your coins  Wink

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August 28, 2019, 11:31:40 PM
 #20

you should trade in a large volume market. the usual small market order book buyers and sellers prices differ so much that it is difficult to sell and buy coins.
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