Hi, i have a question regarding trading on Bittrex that's been bothering me for a while since i couldn't find an answer to this.
This might not be just on Bittrex but on other exchanges as well. I wasn't sure where to post this hope it's ok here.
I'll try to explain as simple as possible.
Let's say i want to buy an alt, the ASKS prices are e.g like this:
ASK(BTC) SIZE(XXX) TOTAL SUM
0.1000000 100 3.000 3.000
0.2000000 100 3.000 6.000
0.5000000 100 4.000 10.000
Now i want to buy for 10 BTC's right away with one click, i would have to choose the price 0.5000000 since
that's where the SUM is at 10 BTC's. If i choose 0.5000000 it already shows me how many coins i will get for that
price, so i would be getting 2000 XXX coins for 10 BTC's. But the price shown is actually if i buy ALL OF THEM for
exactly that price, which i don't.
I should be getting 3000 coins for the first 3 btc, 1500 for second 3 btc and 800 coins for the last 4 btc's,
so in total i should be getting 5300 XXX coins, but i don't.
Because the people who are selling, are actually selling the amount of coins that i should be getting, so 1st person is
selling 3000 coins worth 3 BTC's, he gets his 3 BTCs from me, second person is selling 1500 coins worth 3 BTC's and 3rd person
selling 800 coins worth 4 BTC. All of them get my BTC's but i don't receive the total amount of coins they're selling.
I only get 2000 coins, so my question is, where do the other 3300 coins go? I know i would get 5300 coins when i buy from each row one
by one, but sometimes you don't wanna do 500 clicks just to buy coins for 10 BTC but choose a SUM at 10 BTC instead. Especially when there are
frigging bots where you can't even click the price that keeps blinking hundred times a second.
Same goes for selling, you choose a row way down where the SUM is at 10 BTC so you can sell for 10 BTC's straight away but you should actually
be getting more BTC's out of it since there are rows in between where the price of a coin is lower.
So i.e i don't buy/sell all of them for exactly that price, some are cheaper in between the rows, i still pay more or get less than i should be and the rest just disappears or goes to the exchanges?
Hope this is somewhat understandable.