I just wanted to ask this question here because I can’t really find the answer in the FAQ:
Since 4 days I have a few trades open with the same trading partner. Obviously, this guy speculates on a BTC price increase because he waited until today to confirm that he paid the money. So basically, he just paid (if I receive the money tomorrow) +15% less than the current price. I bet that he wouldn’t have send me the money if the price decreased 15%. Nothing illegal or anything but what would have happened if he just ignores the trade? What happens to the fees I paid for the transactions? Do I get a compensation for locking my BTC for 6 days?
I am not mad or anything because I usually re-buy the same amount of BTC but I am just curious how this works and if it can be exploited.
Thanks in advance for your answer and best regards,