Eleonora
Fri Jul 05 2024
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5 answers
1057
What is a bitcoin limit order?
Could you elaborate on what a Bitcoin limit order entails? I'm curious to understand how it differs from other types of orders in the cryptocurrency market. Specifically, I'd like to know if a limit order allows me to set a specific price at which I'm willing to buy or sell Bitcoin, and whether it guarantees execution at that price. Additionally, I'm interested in knowing if there are any risks associated with using limit orders and how they compare to market orders in terms of speed and flexibility. Thank you for clarifying this concept for me.
BlockchainBrawler
Thu Jul 04 2024
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5 answers
1108
What are the disadvantages of a cryptocurrency limit order?
As a cryptocurrency investor, I'm curious about the potential downsides of using limit orders. Could you elaborate on some of the disadvantages? For instance, does it expose traders to greater market risks? Does it limit the potential for profit gains, compared to market orders? Additionally, how does the use of limit orders impact liquidity in the market? Furthermore, are there any specific scenarios where limit orders may not be the most suitable trading strategy? I'd appreciate your insights on these points.
