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/biz/ - Business & Finance

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16780421 No.16780421 [Reply] [Original]

OK so if I sell something, for example ETH, someone has to BUY this right?

So how come the order books when I sell something show up as a sell? Isn't it actually someone also buying???

>> No.16780448

>>16780421
that's not a noob question, that's a retard question.

but look up trading "maker" and "taker". taker action determines if it's called a buy or a sell, and taker actions are what actually move the price. makers just enable taker actions.

>> No.16780474

>>16780448
Good info really.

>> No.16780476
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16780476

>>16780421

Why do taker actions move the price and maker do not? If I sell someone MUST buy so it's a BUY

>> No.16780491

>>16780421
look at the diff between limit and market orders as well as maker/taker like other anon said

>> No.16780509

Good luck fren. See you on the yacht!

>> No.16780529

>>16780476
>If I sell someone MUST buy
There's your problem. No one is obligated to fill your sell orders. If that were the case, you'd be seeing people sell Link for $1000 EOH (end of hour).

>> No.16780553
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16780553

>>16780529

Based I love Chainlink