What is the significance of GTC in the cryptocurrency market?

3 answers

• Dec 28, 2021 · 3 years ago
  GTC orders are a type of order in the cryptocurrency market that remains active until it is either executed or canceled by the trader. They are significant because they allow traders to set specific price levels at which they want to buy or sell cryptocurrencies, even if the market conditions change. This helps traders take advantage of potential price movements and ensures that their orders are executed at their desired price levels.
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• Dec 28, 2021 · 3 years ago
  GTC orders are like having a personal assistant who constantly monitors the market for you. You can set your desired buy or sell price, and the GTC order will stay active until it's time to make a move. This is especially useful in the volatile cryptocurrency market, where prices can change rapidly. With GTC orders, you don't have to constantly monitor the market yourself, as the order will automatically execute when the price reaches your specified level.
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• Dec 28, 2021 · 3 years ago
  At BYDFi, we understand the importance of GTC orders in the cryptocurrency market. GTC orders provide traders with flexibility and control over their trades. They allow traders to set their desired price levels and take advantage of market opportunities without having to constantly monitor the market. GTC orders are an essential tool for both experienced and novice traders, as they help minimize the risk of missing out on profitable trades.
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