Hi,
I am looking into trading bitcoins and have a couple of questions. How do you trade on the market if it takes such a long time for the order to be processed. Lets say I sell BTC on an exchange for USD when the price is x. Now the price is y. Do I get x or y?
Confirmation time is reduced a lot now, if you need quick confirmation then you have to pay higher fee. But it is not economical trading to pay higher fees for transactions.
Don't worry if you have to sell BTC at X price and you are waiting for confirmation even when the price changes to Y you will receive the X price.