Is GTC a commonly used term in the cryptocurrency market?

3 answers

• Dec 26, 2021 · 3 years ago
  GTC, which stands for Good 'Til Canceled, is a commonly used term in the cryptocurrency market. It refers to an order type that remains active until it is either executed or canceled by the trader. This order type allows traders to set their desired price levels and keep the order open for an extended period of time, even across multiple trading sessions. GTC orders are particularly useful for traders who want to take advantage of potential price movements without constantly monitoring the market. They are supported by many cryptocurrency exchanges and are widely used by both retail and institutional traders.
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• Dec 26, 2021 · 3 years ago
  Yes, GTC is a widely recognized term in the cryptocurrency market. It is an order type that allows traders to set their desired price levels and keep the order open until it is executed or canceled. GTC orders are supported by most cryptocurrency exchanges and are commonly used by traders to automate their trading strategies. Whether you are a beginner or an experienced trader, understanding and utilizing GTC orders can be beneficial in managing your cryptocurrency investments.
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• Dec 26, 2021 · 3 years ago
  GTC, also known as Good 'Til Canceled, is a term commonly used in the cryptocurrency market. It refers to an order type that remains active until it is filled or manually canceled by the trader. GTC orders are supported by various cryptocurrency exchanges, including BYDFi, and are widely used by traders to place buy or sell orders at specific price levels. By utilizing GTC orders, traders can take advantage of potential price movements and execute their trading strategies without constantly monitoring the market. It is important to note that the popularity and usage of GTC may vary among different exchanges and trading communities, but overall, it is a well-known term in the cryptocurrency market.
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