Quote:
Originally Posted by jscott
Nope, I click sell/buy, and directly after I get confirmation that I've bought/sold at x price and if bought, the coins in my exchange few days later, or if sold, the $ in my bank few days later 
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You still need open orders (from others) to be able to fill your buy or sell request.
If the "current" BTC price is $500 then there's no way you'd be able to offload (say) 100 BTC at $500 each...