Can the limit price be higher or lower than the market price for a digital currency?

3 answers

• Rafay KhanJan 09, 2022 · 4 years ago
  Yes, it is possible for the limit price of a digital currency to be set higher or lower than the current market price. When you place a limit order, you are specifying the maximum price you are willing to buy or sell the digital currency for. If the market price is higher or lower than your limit price, the trade will not be executed immediately. Instead, the order will be added to the order book and will be executed when the market price reaches your limit price. This allows you to potentially buy or sell the digital currency at a more favorable price than the current market price.
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• fouad aziziApr 18, 2024 · 2 years ago
  Absolutely! The limit price for a digital currency can be set higher or lower than the market price. Let's say you want to buy a digital currency, but you think the current market price is too high. You can set a lower limit price and wait for the market to reach that price before your order is executed. On the other hand, if you want to sell a digital currency and think the market price will go even higher, you can set a higher limit price and wait for the market to reach that level. It's all about setting your own price and being patient for the right opportunity.
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• mdudek579Oct 13, 2024 · a year ago
  Definitely! The limit price can be higher or lower than the market price for a digital currency. At BYDFi, we believe in giving our users the freedom to set their own prices. When you place a limit order, you have full control over the price at which you want to buy or sell a digital currency. This allows you to take advantage of market fluctuations and potentially get a better deal. So, whether you want to buy low or sell high, BYDFi has got you covered!
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