What does 'limit price' mean in the context of cryptocurrency trading?

3 answers

• Dec 29, 2021 · 3 years ago
  A 'limit price' in cryptocurrency trading refers to the specific price at which a trader wants to buy or sell a particular cryptocurrency. When placing a limit order, the trader sets the desired price and the order will only be executed if the market price reaches or exceeds the specified limit price. This allows traders to have more control over their trades and potentially get a better price. However, there is a risk that the order may not be executed if the market price does not reach the limit price. Overall, using limit prices can be beneficial for traders who want to be more strategic and patient in their trading decisions.
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• Dec 29, 2021 · 3 years ago
  Limit price is like setting a price tag on a cryptocurrency. It's the price you are willing to buy or sell at. Let's say you want to buy Bitcoin at $10,000, you can set a limit price order and if the market price reaches or goes below $10,000, your order will be executed. This way, you don't have to constantly monitor the market and can wait for the price to come to your desired level. It's a useful tool for traders who have specific price targets in mind and want to automate their trading strategy.
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• Dec 29, 2021 · 3 years ago
  When it comes to cryptocurrency trading, a limit price is the price level at which you want to buy or sell a particular cryptocurrency. It's like setting a boundary for your trade. For example, if you want to buy Ethereum at $500, you can set a limit price order and your order will only be executed if the market price reaches or goes below $500. This way, you can ensure that you get the price you want and avoid unexpected price movements. It's a great way to have more control over your trades and make more informed decisions.
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