What is the significance of GTC in the world of cryptocurrency?

3 answers

• Rave PropertyJun 30, 2020 · 5 years ago
  GTC orders are a type of order that remains active until it is either filled or canceled by the trader. They are commonly used in cryptocurrency trading to set buy or sell orders at a specific price level. GTC orders are significant because they allow traders to automate their trading strategies and take advantage of price movements even when they are not actively monitoring the market. By setting a GTC order, traders can ensure that their orders are executed at their desired price, even if the market moves quickly. This can be particularly useful in volatile cryptocurrency markets where prices can fluctuate rapidly.
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• Trabelsi AdemDec 01, 2023 · 2 years ago
  GTC orders are like having a personal assistant who constantly watches the market for you. You can set a GTC order to buy or sell a cryptocurrency at a specific price, and it will remain active until it is executed or canceled. This means that even if you're not actively trading, your GTC orders will still be working for you. It's a convenient way to take advantage of price movements and ensure that you don't miss out on opportunities. GTC orders are especially useful in the world of cryptocurrency where prices can change rapidly.
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• Sebastian HillJan 07, 2023 · 2 years ago
  GTC orders play a crucial role in the world of cryptocurrency trading. They allow traders to set their desired buy or sell price and keep the order active until it is filled or manually canceled. This means that traders can take advantage of favorable price movements without constantly monitoring the market. GTC orders are particularly significant for traders who have specific price targets or want to implement a specific trading strategy. They provide flexibility and convenience, allowing traders to execute their trades at their desired price, even if they are not actively trading at that moment. Many cryptocurrency exchanges, including BYDFi, support GTC orders to cater to the needs of traders.
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