Cryptocurrency Q&A
What is limit price when buying Bitcoin?
What is limit price when buying Bitcoin?
EthereumEliteGuard
Sat Dec 21 2024
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7 answers
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I'm trying to understand the concept of limit price in the context of buying Bitcoin. I want to know how it affects my purchase and how I can use it to my advantage.
7 answers
Giuseppe
Mon Dec 23 2024
This means that the order will only be filled if the market price of Bitcoin drops to $60,000 or below.
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Tommaso
Mon Dec 23 2024
A limit order is a type of trading instruction that allows investors to specify the maximum price they are willing to pay for an asset.
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KDramaLegendary
Mon Dec 23 2024
This order ensures that the trade will only be executed if the market price reaches or falls below the specified limit.
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JessicaMiller
Mon Dec 23 2024
For instance, if Bitcoin is currently trading at around $62,000, an investor might place a limit order with a maximum price of $60,001.
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benjamin_stokes_astronomer
Sun Dec 22 2024
The advantage of using a limit order is that it provides investors with greater control over their trading decisions.
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