Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
mindtomatter
on 31/07/2014, 19:16:15 UTC
Can someone help me out? I am getting really frustrated with CP and it seems it's impossible to get any support via email or in the chatroom

I placed a market sell order for SWARMPRE and 3 days later it still shows open... even though now there are BUY orders for a higher price. Also, I can't cancel the transaction either as it seems I need to send more BTC to my account again

I really don't get this

My Open Orders
Type   Price [BTC/SWARMPRE]   Amount [SWARMPRE]   Total BTC   Completion Action SELL   0.000182   1472.52747253 0.268   0.00%   Cancel

And now there are buy orders for 0.000191

Am I missing anything?

Cheers

Edit: after sending 0.01 BTC to my CP address from a different wallet it shows this:

My Trades History
Type   Block Time   Price BTC   Amount [SWARMPRE]   Total BTC   Status
SELL   2014/07/31 04:27:45 PM +02:00   0.000182   54.94615384   0.0100002   pending

My Open Orders
Type   Price [BTC/SWARMPRE]   Amount [SWARMPRE]   Total BTC   Completion   Action
SELL   0.000182   1417.58131869   0.2579998   3.73%   Cancel

So now instead of getting the 0.01 BTC from my wallet, exactly 0.01 BTC worth of SWARMPRE have been sold and that is the balance of my CP BTC wallet (the transaction I sent however seems to have evaporated into thin air)

Whenever you do ANYTHING on CP, you pay a transaction fee that is non-refundable, you can think about the fee like the stamp that lets your XCP order ride in its bitcoin envelope on the bitcoin blockchain.  So the inability to cancel your order is because you lack the money for the stamp with which to submit your order to the blockchain. 

This means it is fairlye xpensive to do anything because the dust limit and miner fee puts the minimum size at fairly high.  This is why other chains are being developed, for lower cost easier trading.