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/biz/ - Business & Finance

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3510757 No.3510757 [Reply] [Original]

If many people were to place a bid on the same price;
Does it mean those who placed it firstly get their orders done first?

>> No.3510761

>>3510757
Yep, first come, first serve.

>> No.3510766

>>3510757
This girl isn't asian

>> No.3510776

>>3510757
That's a nice looking city. Traffic doesn't look too bad and the air is clean.
To answer your question OP, yes probably, though it might depend on the exchange. If someone were to buy say 10k of a coin and there are 5 different people selling 2k each at that price, you'll see 5 2k buys on the recent sales list. If you only bought 4k at that price, you'd buy the first two peoples' orders.

>> No.3510778

>>3510766
Close enough, I'll take two.

>> No.3510780

>>3510761

It's called FIFO noob

>> No.3510797

>>3510757
No. There can be hidden orders aswell on some exchanges, and or exchanges allow to pick bid/asks how you want them (atleast for bots/API) so they can trade with themselves and fool the market or wash trade

>> No.3510798
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3510798

>>3510780
>>3510776
>>3510761
thanks, good shit my dudes
She used to date jaden smith

>> No.3510969
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3510969

Why did I break up with Jaden Smith?
>AHHHHHHHHHHHHHHH

>> No.3511200

>>3510780
Whoah

People actually do accounting here?

>> No.3511207

>>3511200
I learned fifo from stacking shelves in a supermarket, it's widely used

>> No.3511215

A lot of people are forgetting that there is a lot of cheating that goes on. So it's not necessarily FIFO if you have some special relationship with the exchange

>> No.3511435

>>3510969
Made me laugh. Thanks anon

>> No.3511455

>>3510969
wtf I don't understand the feelings I am getting from this.

>> No.3511467

>>3510969
kek

>> No.3511472

Another question: What's orderbook matching?

>> No.3511481

Why not make the order for $3500.01 and beat them?

>> No.3511609

>>3511481
i'm surprised that nobody has ever thought of that

>> No.3511663

>>3510757
On some exchanges you can pay extra fee to move your order to the front of the queue.

>> No.3511676

>>3510798
>coal burner

no thanks

>> No.3511688

>>3511676
Exactly. Good man.

You're a loser if you would do anything other than spit on her.

>> No.3511791

>>3511481
This is incredible

>> No.3511805
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3511805

>>3511481
delet this

>> No.3511818

>>3511481
But what if someone then puts an order at $3500.02?
Really makes you think

>> No.3512365

>>3511481
delet