BitShares Forum
Main => Technical Support => Topic started by: Bear on July 01, 2017, 05:47:44 am
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Hi Everybody
I'm somewhat new to Bitshares. I'm just starting to get a feel for the exchange. Deposited some BTC and bought my first few shares of BTS.
However I want to get clever and start to trade. So I placed a sell order in BTC/bitUSD market.
Here are the details
price = 3,200.00000
BTC = 0.01000000
Bitusd = 32.0000
I've just checked and there was a recent rapid price spike (the price got above 3200). Thus I thought the order would get matched into the market. Alas this does not appear to be the case.
Does anyone have any explanation as to why not?
Best Regards
Bear
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If you look at the volume of that price spike you'll probably find that it was a "dust" trade.
Because coins are not infinitely divisible, rounding errors in trading are unavoidable. The UI displays trades with their actual trade price (i. e. bought/sold), not with the nominal price of the orders from which the trade resulted. This is a known issue.
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Hi there
I've Googled "dust trade" but there doesn't appear to be any helpful information.
Could you please elaborate?
I'm looking at the BTC/bitusd chart again from this afternoon (on a 6 hour timeframe with 5 min candlesticks).
There has seemingly been another 4 spikes today when the price tops $3200 and then plunges back down. As to volume I'm not sure what I should be looking for.
There's a spike in volume (at 12pm today) with the first price spike. Then smaller volume with each subsequent spike.
Could you please have a look at this chart and let me know what is going on.
Best regards
Bear
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"dust" is what remains when an order in the book is *almost* filled, except for a couple of satoshis. The remaining satoshis will later be matched with a new incoming market order.
Such a match occurred today (July 1st) at 20:56:24 UTC for example. 0.00000003 BTC were sold for .0001 USD, which means the trade occurred at 3333 USD/BTC. .0001 USD is the smallest possible USD amount, so it would be impossible to match the 0.00000003 BTC in a different way.