Post
Topic
Board Service Discussion
Re: Bit-Mining.co - Time to leave?
by
hvijay.1985
on 05/03/2014, 22:02:25 UTC

Hello Bit-Miners,

[...]

Let me address another user issue. We have had certain users placing bids much higher than the asks in orderbook, who then feel taken advantage of when the order is excuted by the orderbook. A bid is a formal contract to purchase X shares at X price. When you enter a bid or ask into our system, it attempts to satisfy this contract at the parameters the user provides (both the number of shares purchased and the proposed price). This is a free market; this is intentional to allow you to purchase or sell as you see fit. We do not accept responsibility for a lack of user dilligence in this matter. Please review all orders carefully before you click the "SUBMIT" button.
Bit-Mining.Co


You should then have a note saying this explicitly wherever the user can enter an order, because this is not how a normal exchange works.