How does GTC (Good 'Til Canceled) work in the world of digital currencies?

8 answers

• Game Like ProJan 16, 2025 · 8 months ago
  GTC orders are a popular order type in the world of digital currencies. When you place a GTC order, it remains active until it is either filled or canceled by the trader. This means that your order will stay in the order book until it is executed or manually canceled. GTC orders are useful for traders who want to set a specific price at which they are willing to buy or sell a digital currency and are not concerned about the order expiring. However, it's important to note that GTC orders can remain open for an extended period of time, which may not be ideal for traders who are looking for quick trades.
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• Lộc PhạmAug 05, 2021 · 4 years ago
  GTC orders are like the 'set it and forget it' of the digital currency world. Once you place a GTC order, it will stay in the system until it is executed or canceled. This means that you don't have to constantly monitor the market and manually place orders every time you want to buy or sell a digital currency. GTC orders are especially useful for long-term investors who want to set specific price levels for their trades and are not concerned about the order expiring. However, it's important to keep in mind that GTC orders may not be suitable for traders who are looking for quick trades or want to take advantage of short-term price movements.
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• AncientArrow292Aug 20, 2020 · 5 years ago
  BYDFi, a leading digital currency exchange, offers GTC orders as one of its order types. When you place a GTC order on BYDFi, it will remain active until it is filled or canceled. This means that you can set a specific price at which you want to buy or sell a digital currency and let the order stay in the system until it is executed. GTC orders are a convenient way to automate your trading strategy and take advantage of price movements without constantly monitoring the market. However, it's important to carefully consider your trading goals and risk tolerance before using GTC orders, as they can remain open for an extended period of time.
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• danda27Nov 09, 2023 · 2 years ago
  GTC orders are a staple in the world of digital currencies. They allow traders to set specific price levels at which they want to buy or sell a digital currency and let the order stay active until it is executed or canceled. This gives traders more control over their trades and allows them to take advantage of favorable price movements. However, it's important to note that GTC orders can remain open for a long time, which may not be suitable for all traders. Additionally, it's important to regularly review and update your GTC orders to ensure they are still in line with your trading strategy.
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• Mahmoud Rabe3Jan 25, 2023 · 3 years ago
  GTC orders, also known as Good 'Til Canceled orders, are a popular order type in the world of digital currencies. When you place a GTC order, it will remain active until it is filled or canceled. This means that you don't have to constantly monitor the market and manually place orders every time you want to buy or sell a digital currency. GTC orders are especially useful for traders who want to set specific price levels for their trades and are not concerned about the order expiring. However, it's important to keep in mind that GTC orders may not be suitable for traders who are looking for quick trades or want to take advantage of short-term price movements.
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• Bikash XettriDec 28, 2021 · 4 years ago
  GTC orders are a convenient way to automate your trading strategy in the world of digital currencies. When you place a GTC order, it will stay active until it is executed or canceled. This means that you can set a specific price at which you want to buy or sell a digital currency and let the order stay in the system until it is filled. GTC orders are especially useful for traders who want to take advantage of price movements without constantly monitoring the market. However, it's important to regularly review and update your GTC orders to ensure they are still in line with your trading goals.
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• NeematrashidMay 02, 2024 · a year ago
  GTC orders are a popular choice among digital currency traders. When you place a GTC order, it will remain active until it is filled or canceled. This means that you can set a specific price at which you want to buy or sell a digital currency and let the order stay in the system until it is executed. GTC orders are especially useful for traders who want to automate their trading strategy and take advantage of price movements without constantly monitoring the market. However, it's important to be patient with GTC orders, as they can remain open for an extended period of time before being executed.
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• Payne MarshallOct 13, 2020 · 5 years ago
  GTC orders are a widely used order type in the world of digital currencies. When you place a GTC order, it will stay active until it is filled or canceled. This means that you can set a specific price at which you want to buy or sell a digital currency and let the order stay in the system until it is executed. GTC orders are especially useful for traders who want to set specific price levels for their trades and are not concerned about the order expiring. However, it's important to regularly review and update your GTC orders to ensure they are still in line with your trading strategy and goals.
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