What happens to orders in the cryptocurrency market if their price conditions are not met?

3 answers

• OLXTOTOFeb 22, 2022 · 4 years ago
  When an order is placed in the cryptocurrency market, it specifies certain price conditions that need to be met for the order to be executed. If these conditions are not met, the order remains open and is displayed on the order book. Traders can choose to cancel the order or wait for the market conditions to change. It's important to note that the order may never be executed if the price conditions are not met.
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• Chester LiAug 15, 2022 · 4 years ago
  If the price conditions of an order in the cryptocurrency market are not met, the order will stay in the market until the conditions are fulfilled or the trader cancels the order. This is known as an open order. Traders often set price conditions to buy or sell at specific levels, and if the market doesn't reach those levels, the order will remain open. It's important for traders to regularly monitor their open orders and adjust them as needed.
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• Alejandro.A ColladoMay 01, 2024 · 2 years ago
  In the cryptocurrency market, if the price conditions of an order are not met, the order will remain open until the conditions are satisfied or the trader cancels the order. This is a common practice in most exchanges, including BYDFi. It allows traders to set specific price points for buying or selling cryptocurrencies. If the market doesn't reach those price points, the order will stay open. Traders should always keep an eye on their open orders to ensure they align with their trading strategy.
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