RE: CTP Chat For.....Cinco De Mayo

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Question: OPEN ORDERS

I’ve noticed that when I buy tokens that some sit in open orders and most don’t. what determines the length of time for the order to go through completely?

hive-119826
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It's really a matter of demand. Some orders never get executed because there is no demand to buy or sell a token. A solution is to accept a certain loss and buy the market, meaning that you buy the lowest sell order or sell the highest buy order.

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And if you don't do anything does the swap.hive revert back to one's account or do we have to cancel the order after waiting out a few days? Thank you for answering by the way.

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I think that the orders cancel themselves automatically after about 1 month. Otherwise you need to cancel them manually.

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When I wanna buy, I pick the second highest sell order price...This makes sure I can get my orders filled, given there is enough being sold...

Or I just go to the price where I see enough sell orders and use that too.

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Excellent I will try that on my next buy :-)

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Same here. If I want to buy a good amount of a low volume coin, the first couple of sell orders may be for small amounts, and less than what I need. So I go down one and look at the next price point and number sold.

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(Edited)

It's the market that decides, so I always "give a little back to the market" by buying at a slightly higher price than the lowest offer price that is quoted when you set up your order. That usually oils the wheels of the transaction.

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Great question I also have a few ctp orders just floating around the blockchain

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I don't know but it depends on how much I want the tokens. If I don't care because I want the best price I can get, I just put some lower level buy orders. If they don't fill, I just take it as moving it into the next best opportunity.

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