Different between limit and market price

leonix007

sr. member

Activity: 1008

Merit: 297

Grow with community

Geez, it took me 5x to re-read in order to comprehend with your concern

This took my attention

Quote from: jesuslove on September 29, 2018, 09:37:16 PM

in this moment buy price limit 0.0009 btc , sell price limit 0.0007 btc

the website calculate the price of eos/btc for market price is 0.0008 btc

The heck why are you buying at the high price and sell at the low price??

Of course, the system will not allow you to buy at the price higher than the actual market price

If you do this, it will give you the market price instead, and this is same with the limit sell

jesuslove

newbie

Activity: 13

Merit: 1

Quote from: metribitcoin on September 29, 2018, 10:07:16 PM

Limit price consist of limit sell and limit buy, if you sell by limit price you have to sell by higher price than currenct price, and when you buy, the limit buy is mean you buy at below current price and you called market taker. The market price is mean you will get the current price that mention on orderbook, and you will become market maker. In trading is better chooce exchange that has high trading volume so the spread between price buy and sell is small.

i know that well
but the thing i can not understand it

if i want to buy or well with market price
why i can not buy or sell with this price
actually when i try to buy with market price i will buy with the limit price but at the same moment
and when i try to sell i will sell with the limit price but at the same moment

the market price is Is the only default number we do not use in any buy-sell transactions

TheReverend

full member

Activity: 462

Merit: 100

the limit is based on the market price at that time, while the price of the market price of course follows the market price at that time but cannot always udpate as fast as the market, which is why there is sometimes a fairly large price difference.
for example: the price of bitcoin in the market binance is 7000 $ while in the coinmarketcap the price is still 6900 $ even though the actual price remains 7000 $ it's just udpate at CMC a little slower than the market.

metribitcoin

full member

Activity: 420

Merit: 102

Limit price consist of limit sell and limit buy, if you sell by limit price you have to sell by higher price than currenct price, and when you buy, the limit buy is mean you buy at below current price and you called market taker. The market price is mean you will get the current price that mention on orderbook, and you will become market maker. In trading is better chooce exchange that has high trading volume so the spread between price buy and sell is small.

jesuslove

newbie

Activity: 13

Merit: 1

hi members
i want to know this story
what Different between limit and market price ??

i know the different well but this is the problem

in this platform https://www.fatbtc.com for example
only i will speak about limit price for eos/btc
in this moment buy price limit 0.0009 btc , sell price limit 0.0007 btc

the website calculate the price of eos/btc for market price is 0.0008 btc
this value is the average ratio between buy price limit 0.0009 btc , sell price limit 0.0007 btc

this mean if i will try buy in market price the order will be immediately and the price will be 0.0008 btc

but i discover that when i try to buy i will pay 0.0009 and if i want to sell i will pay 0.0007 btc
also
what is this price 0.0008 btc
The sale is supposed to be sold or bought through this price
So what is the benefit of this price؟؟؟

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