you can set a buy price or sell price. if another user matches the same price, the sale is completed automatically.
the buy/sell orders will remain on the market until they are fulfilled.
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All it means is you can put an order in at say I wish to buy at 0.15 and if there is a match it will auto buy it from a random person (Not a specific) If there isn't anyone selling it for that price it will say someone is looking to buy it at that price and you can sell it at that if you want to
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You can set a buy order to buy an item for a specific price, and when it is available, it will be transferred to your account with the appropriate amount of wallet funds deducted. Buying an item at a price that its available at will just be a normal transaction as always. The highest priced buy order takes precedence over lower priced orders.
Or you can list an item for sale at a specific price. That part hasn't changed much.
The only major difference for most people is that you don't see each individual listing anymore.
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Well if a buy order is already in place at $0.20 you would sell it for that much. Person A would get it assuming no higher priced buy orders.
If you mean there are no buy orders in place and two people do it at the same time, whichever one reaches Valve's servers first.
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Suppose there is an item that you would like to purchase. The minimum price for that item is 10 dollars. You can place a buy order for that item at any dollar amount equal or above the 10 dollar minimum, and Steam will purchase that item from the seller at the lowest listed price.
Instead, suppose the most you are willing to pay is 7 dollars. You can still place a buy order in which case your order will be queued with other bids bellow the minimum listed price. When available at the ordered price, the item will go the the highest bid, and in case of a tie, the oldest bid.
It essentially automates a large portion of the market.
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I don't understand the following:
"This item is a commodity, where all the individual items are effectively identical. Individual listings aren't accessible; you can instead issue orders to buy at a specific price, with the cheapest listing getting automatically matched to the highest buy order"
Please give me an example of how the above works & thanks
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