Sell orders above market price and buy orders below market price do not directly affect exchange rates, because they do not result in a trade.

Darth's sell order is below the market price and his buy order is above. That's why it results in a new transaction that moves the price.

Undisciplined

econ

Fama: Bitcoin is Dead (Promarket/Capitalisn't)

denlillaapan

> Yes, perhaps at the time of the fork, but their increased willingness did not affect the price because their reservation price was above the market rate. 

Every sell order of forkcoin is a buy order of something else. In our example, it is a buy order for bitcoin. 

A sell order for bitcoin above market is a buy order for forkcoin below market. It does not make sense that market dynamics matter only when viewing the trade from one side and not the other. 

If increased willingness to trade affects price when the willingness to trade is at a level that is below the market price, it also affects price when viewed from the other side of the trade (above market price). 