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Stops, Limits, and More - Understanding Advanced Order Types
Manage episode 342839880 series 3381606
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What if I told you it was possible to guarantee that you would NEVER sell your Bitcoin for less than $100k regardless of the bear market? Or, what if I told you that even during the next bull run, I could guarantee that you wouldn't pay a penny over $500 for ETH? Although that may sound too good to be true, it's possible to lock in a specific price by using advanced order types such as limit and stop loss orders on cryptocurrency exchanges. As with all things that sound too good to be true, there are a few catches and considerations to keep in mind. In today's post, I'll explain the benefits and tradeoffs of using advanced order types on cryptocurrency exchanges. #crypto #btc #eth
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