I have a question. Suppose Bitcoins price is now $20000 and i have 1 Bitcoin. And i want to sell my bitcoin but accidentally i put the selling price at $2000 and confirmed it for sale. Then what will happens next? I know how buying and selling works on exchanger. In order to sell something someone have to buy it. But what happens if there are no buy order at $2000.
Forgive me if i say something wrong. I didn't try it on exchanger because of the fear of losing money.
Your question is really important. There are all aspects you need to consider when you go for exchange trading When the market is within 20 thousand dollars, if you forget to order a thousand dollar order for $2000, your order will be automatically sold.Although you would think people order that low, you notice that people order even lower than that.Correct your misconceptions so that no one makes such a mistake.