Which one of you did this?

jesus christ i'm a moron.

I put a sell order for LINK at 0.001 sats but nobody is tripping over it.

So is he, 9999 is after 1000.

>9999 < 1000
is this bait?

Brainlet here. What would happen if someone actually bought one at that price? Would it influence the market at all?

To buy at that price, one would need to consume all volume underneath that price.

The buyer would have literally ALL supply of link on the market at the moment he bought, and it would be up to the market to decide what happens after that. Probably a huge retracement down to a value higher than it was before, but it would be easy to converge on a higher price because all the supply is gone - basically any price between the highest seller and 9999 is fair game to sell in the moments following that huge event.

*Any price between the highest buyer and 9999, sorry.

dubs check out

So if someone places a buy order at 9999 the lowest sells are filled first??

how dey do dat?

Just turn of your computer and go wash some dishes, jezus user

Basically if someone places a LIMIT order at 9999, each exchange may have its own version of what happens:
Some exchanges will not let you place a limit order too far into the other side of the spread - in this case, the buyer would not be allowed to buy that high.
Other exchanges may treat the order as a MARKET buy, up to a certain LIMIT, where they consume all BUY orders up to the limit price they specified.
Other exchanges may give everyone on the SELL side a higher price than they were expecting if a limit buyer skips their price level. I imagine very few exchanges do this, but it's another way of handling it nonetheless.

In any case it's not common for limit orders to cross the spread, especially by more than a fraction of a percent.

Fun fact - High frequency trading infrastructure exploits this behavior:
>be an algorithm in a data center in Chicago
>place a bunch of LIMIT SELL orders pretty low on the sell side of the orderbook.
>exchange notifies me in milliseconds via microwaves that someone is placing a MARKET BUY
>ohshit.jpeg
>hauling ass removing my limit orders and placing them all back higher, all in nanoseconds
>market orders always consume volume no matter what price it is
>literally free money
>goy buys my bags even higher than he thought
>couple hundred milliseconds later
>the rest of the market catches on and corrects the price back down where it should be
>i buy my bags back
>mfw

Attached: Reece.jpg (600x494, 30K)

Probably got in early enough to set the book there. It's the only way I can figure they got above the 10x max price difference.