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/biz/ - Business & Finance

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3567643 No.3567643 [Reply] [Original]

new to trading, so forgive my retardation.

question is:

is the coin exchange obligated to buy my cryptos when I request to sell
or does another trader have to actually want to buy the coins

for example, if I was the only person who ever bought a particular coin
am I therefore trapped with those coins?

thanks

>> No.3567648

Person to person, like all trading. Exchange is just a platform.

>> No.3567652
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3567652

The absolute state of /biz/. Also the second one

>> No.3567659

>>3567643

Exchanges have to buy your coins.

Which is why I'm minting 1 Trillion RetardBux in my garage, because the exchange will then be forced to buy them from me.

>> No.3567664
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3567664

>>3567643
MAMMA I TRADE BITCOIN

>> No.3567665
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3567665

>>3567648
>>3567652
thanks

was watching this shit tier coin constantly go between
0.000077 and 0.000116
and i thought maybe i could get in and out quickly

but not worth it then

>> No.3567672

>not learning by diving right in

Don't worry OP. I didn't even know how buy orders worked right up until the point I bought my first ATH

>> No.3567677

>>3567652
>Somebody asking dumb questions before making an uncertain move
>meanwhile hundreds of lurkers are too afraid to get into crypto and hundreds of ignorants are making mistakes because they know better than their favorite mongolian nail painting social media
>still get REEEEEEE'd at

>> No.3567692

>>3567643
there's an order book where you can see the list of buys and sell orders
so yes its very possible for that second one to happen, it's a liquidity issue.

However, as long as its not some shitcoin at 1 satoshi that's been there for a year with 0 volume increase, you should be fine.

>> No.3567714
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3567714

>>3567665
how are dumb people sometimes so smart?
no offense, I say this as a fellow dumb person

>> No.3567735

>>3567692
>>3567665

He should be OK then, it's 2 sats.

>> No.3567738

>>3567714
Both highly intelligent people and lowly brainlets are capable of ingenuity, because they aren't as tightly tethered to the normy memeplex.

Our true enemy is the Norman.

T. Idiot

>> No.3567874
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3567874

Another retard question, since the thread is still alive

What potential is there for another MAJOR jump in a crypto currency's value?


The market seems hugely oversatured now, close to 1000 coins,
and very few of them seem to be doing anything new

>slightly more secure
>slightly faster transactions
>slightly more private

doesn't seem like enough to make everyone jump ship from BTC to ___coin


so many coins sitting below $0.01,
the jew in me wants to buy $50 of each, just in case one goes to the moon

but i feel like the growth will be much slower and less impressive from here on out

>> No.3567920

>>3567874
>jump ship

It's not about jump ship. It's about Monero, for example, being used by coinhive.

>> No.3568709

>>3567643
They have to want it. When they don't want to buy your 3000 shitcoins, that is when you become what is known as a bag holder.