What does the term 'limit' mean when buying cryptocurrencies?

9 answers

• Jonathan Douglas MaherNov 25, 2020 · 5 years ago
  When buying cryptocurrencies, the term 'limit' refers to a type of order that allows you to set a specific price at which you want to buy the cryptocurrency. This means that your order will only be executed if the price of the cryptocurrency reaches or falls below the limit price you set. It gives you more control over the price at which you buy, but there is a possibility that your order may not be filled if the price does not reach your specified limit.
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• Maldonado PatrickJul 03, 2023 · 2 years ago
  In simple terms, a 'limit' order is like setting a price target for buying cryptocurrencies. Let's say you want to buy Bitcoin at a specific price of $10,000. You can place a limit order with this price, and if the market price reaches or goes below $10,000, your order will be executed. If the price never reaches your specified limit, your order will remain open until it is filled or canceled.
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• satyanarayana panthamJun 04, 2023 · 2 years ago
  When it comes to buying cryptocurrencies, a 'limit' order is a way to set a specific price at which you want to buy. It allows you to be more strategic in your buying decisions by specifying the maximum price you are willing to pay. For example, if you want to buy Ethereum at $500, you can place a limit order at that price. If the market price reaches or goes below $500, your order will be executed. However, if the price never reaches your limit, your order will not be filled.
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• AJAY D AI-DSJan 21, 2023 · 3 years ago
  When buying cryptocurrencies, a 'limit' order is a way to set a specific price at which you want to buy. It is a more advanced trading option that gives you control over the price you pay. For example, if you want to buy Bitcoin at $10,000, you can place a limit order at that price. If the market price reaches or goes below $10,000, your order will be executed. However, if the price never reaches your specified limit, your order will not be filled.
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• Rugashan JeevaFeb 27, 2024 · a year ago
  When it comes to buying cryptocurrencies, a 'limit' order is a way to set a specific price at which you want to buy. It allows you to be more precise in your buying strategy. For example, if you want to buy Bitcoin at $10,000, you can place a limit order at that price. If the market price reaches or goes below $10,000, your order will be executed. However, if the price never reaches your specified limit, your order will not be filled.
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• SabinaMBJul 19, 2021 · 4 years ago
  When buying cryptocurrencies, a 'limit' order is a type of order that allows you to set a specific price at which you want to buy. It is a more advanced trading option that gives you more control over your buying strategy. For example, if you want to buy Bitcoin at $10,000, you can place a limit order at that price. If the market price reaches or goes below $10,000, your order will be executed. However, if the price never reaches your specified limit, your order will not be filled.
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• Sidharth SOct 19, 2023 · 2 years ago
  When it comes to buying cryptocurrencies, a 'limit' order is a way to set a specific price at which you want to buy. It allows you to be more strategic in your buying decisions by specifying the maximum price you are willing to pay. For example, if you want to buy Bitcoin at $10,000, you can place a limit order at that price. If the market price reaches or goes below $10,000, your order will be executed. However, if the price never reaches your specified limit, your order will not be filled.
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• SabinaMBJan 20, 2024 · 2 years ago
  When buying cryptocurrencies, a 'limit' order is a type of order that allows you to set a specific price at which you want to buy. It is a more advanced trading option that gives you more control over your buying strategy. For example, if you want to buy Bitcoin at $10,000, you can place a limit order at that price. If the market price reaches or goes below $10,000, your order will be executed. However, if the price never reaches your specified limit, your order will not be filled.
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• Rugashan JeevaMar 16, 2022 · 3 years ago
  When it comes to buying cryptocurrencies, a 'limit' order is a way to set a specific price at which you want to buy. It allows you to be more precise in your buying strategy. For example, if you want to buy Bitcoin at $10,000, you can place a limit order at that price. If the market price reaches or goes below $10,000, your order will be executed. However, if the price never reaches your specified limit, your order will not be filled.
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