Re:Coinbase announces proposed direct listing
by kortilla on Thursday January 28, 2021 @07:22PM
(#25951686)
But the point is that everyone with a bid >=$50 got filled.
[ Parent
| on HN ]
Re:Coinbase announces proposed direct listing
by solveit on Thursday January 28, 2021 @07:33PM
(#25951834)
If I am willing to buy 100 shares at $100, I may be willing to buy 300 shares at $60. So just because my bid got filled doesn't mean I won't be buying more.
Re:Coinbase announces proposed direct listing
by harryh on Thursday January 28, 2021 @10:08PM
(#25953274)
If you're willing to buy 300 shares at 60, but only 100 shares at $100 you can enter two bids:
100 shares at $100
200 shares at $60
This will satisfy your demand position.
Re:Coinbase announces proposed direct listing
by cbhl on Friday January 29, 2021 @02:58AM
(#25955117)
If the person has only 18000 though (300 at 60) then if they put in 100 at $100, they'll only be able to buy 133 at 60.
I would still enter two bids; it's just a matter of adjusting how many at each level.
Re:Coinbase announces proposed direct listing
by harryh on Friday January 29, 2021 @07:49AM
(#25956700)
No, this is not how it works.
All the shares in the auction are sold at the same price. If the market clears at 60, a person entering the bids I described would buy 300 shares at 60.