Post
Topic
Board Trading Discussion
Re: Strange question.
by
GeorgeJohn
on 10/10/2022, 23:21:08 UTC
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.
Everybody have the right to portray what ever that is the problem, so just relax and your intensions known to the forum and it's the best way to learn in this community through asking questions.

Over to the question. it depends on the buyers and your intensions, because sometimes some people biy bitcoin at higher rate and sell with a lower rate because they are inquisitive or curious to sell and get that particular amount of funds needed to raise. While some other people as well purchase low and sell higher, everything is dependable to the seller, and it's the one that knows it's target.