Cryptocurrency Q&A
What is limit price when buying Bitcoin?
What is limit price when buying Bitcoin?
EthereumEliteGuard
Sat Dec 21 2024
|
7 answers
1335
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.
Previous
Why are 5 pesos coins so expensive?
Next
How long does it take to mine 1 Bitcoin with one computer?
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.
Was this helpful?
75
74
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.
Was this helpful?
89
77
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.
Was this helpful?
158
71
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.
Was this helpful?
288
90
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.
Was this helpful?
310
57
Load 5 more related questions
