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RE: Bitcoin at all time highs, whats gonna happen? and let's look at Small Account Building trades

in #dtube7 years ago

Hi Luc, I really appreciate all the effort you have put into helping us all.
Do you know what determines which bid will be bought first? I ask because I am curious how something like DENT/ETH on HitBTC works? The price is sitting at .000003 and the next possible option to bid is either .000002 or .000004 and at the .000002 mark in the order book, there is 23218545.20 worth of orders, with obviously may people all crammed into one spot.
Is it fist come first serve, smaller orders first, exact orders first then the next closest....?
I have always avoided anything that looked like that, but I see the volume is higher than I would expect for such a low priced coin (105. ETH).

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I wish it was first come first serve.. But in the stockmarket it is random.. I have often been the first one bidding at a price point and still didnt get a fill first.. and then I have often added my bid to a huge bunch of orders and then got my shares seconds later, before everyone else.. totally random... So I would expect that it works the same for coins..

On that note, In the order book today I noticed that someone had a bot or script of some sort to put his sell order on the front of line so to speak. Every time I moved my order down it kept jumping in front of mine. Do you know what that was, where I can get one and what else they can do? I would really love to get something to place a sell order for me, right after I a purchase goes through, so I could set it up when a good opportunity shows up right before the end of the day. Stop limit will not work if the price has not dropped far enough and sometimes don't work anyway. I don't even know if that would work, I have noticed that in Coinigy the order often doesn't process until I hit refresh.
BTW a few days ago you posted about a scanner in slack, but the owner of that slack account canceled the invite because someone was spamming through that link. Are there any other scanners out there you could recommend? I have never used one and would like to experiment a bit.
Thanks again for your comments and videos!