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/biz/ - Business & Finance

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6307654 No.6307654 [Reply] [Original]

If someone stacks an order on top of yours who comes first? The person who placed the order first or the highest volume?

>> No.6307763

your money says 'oh no please after you' and the other order says 'no plz i insist' until one of them finally concedes to the others politeness and goes through. thats AI for ya

>> No.6307779
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6307779

>>6307654
Bump

>> No.6307816

>>6307779
>>6307654
this a really good question, i'd guess the standard practice is dividing equally, but i bet not every exchange follows the same procedure

>> No.6307843

Whoever has the highest level of verification. I sent Binance my thumbprints and 3D model of my genitals for tier 5 verification. Instant transfers, unlimited volume, highest trading priority.

>> No.6307867

>>6307763
kek

>> No.6307872

>>6307654
The person who placed the order first

>> No.6307908

>>6307654
The person who placed the order first, at least in Bitfinex, when I tested that with a friend.

>> No.6307942

>>6307872
Unironically this

>> No.6307983
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6307983

>>6307843
i had to do the stool sample. i had chipotle earlier that day

>> No.6308071
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6308071

>>6307654
>that feel when you spend 30 minuets analyzing the perfect price to sell at, then when you place your order 1000 BTCs of whales jump ontop of you

>> No.6308079

For anyone wondering, Tier 6 Verification is you have to go to Hong Kong have a prostate examination performed. They literally pull the stool out fresh.

>> No.6308163

How hard would it be to create a bot to constantly cancel orders and sets the limit between ~20 satoshi of my original price? A lot of bots keep walling me off with x10 my volume

>> No.6308267

>>6308163
If you've never programmed anything before it will take at least a month. Programming isn't something you overnight, unless you're copy and pasting.

>> No.6308436

>>6307654
>>6307816
The standard is the orders are completed in the order they were placed.