What are the durable orders in the cryptocurrency industry?

5 answers

• Dec 26, 2021 · 3 years ago
  Durable orders in the cryptocurrency industry refer to buy or sell orders that are placed with a longer time horizon in mind. These orders are not meant for immediate execution but are instead placed for a specific duration or until a certain condition is met. They are often used by traders and investors to implement specific trading strategies or to take advantage of market trends over a longer period of time. Durable orders can be useful for those who want to avoid the volatility of short-term trading and prefer a more stable approach to investing in cryptocurrencies.
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• Dec 26, 2021 · 3 years ago
  Durable orders in the cryptocurrency industry are like setting up a long-term plan for your trades. Instead of constantly monitoring the market and making quick decisions, you can set up durable orders to automatically execute trades when certain conditions are met. For example, you can set a durable order to buy a specific cryptocurrency when its price drops below a certain threshold. This allows you to take advantage of market movements without having to constantly watch the market. It's a convenient way to implement your trading strategy while minimizing the time and effort required.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers durable orders as a feature for traders. With durable orders, traders can set specific conditions for their trades and let the system automatically execute them when those conditions are met. This feature provides traders with more flexibility and convenience in managing their trades. Whether you're a beginner or an experienced trader, durable orders can be a valuable tool in your trading arsenal. They allow you to take advantage of market opportunities without constantly monitoring the market or being tied to your computer.
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• Dec 26, 2021 · 3 years ago
  Durable orders in the cryptocurrency industry are similar to limit orders, but with a longer time horizon. They allow traders to set a specific price at which they want to buy or sell a cryptocurrency, but instead of being executed immediately, the order remains active until the specified condition is met. This can be useful for traders who want to take advantage of price fluctuations over a longer period of time. By setting durable orders, traders can automate their trading strategy and reduce the need for constant monitoring of the market.
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• Dec 26, 2021 · 3 years ago
  Durable orders in the cryptocurrency industry are a way for traders to set up trades that will be executed automatically when certain conditions are met. These orders can be set to last for a specific duration or until a specific price level is reached. Durable orders can be useful for traders who want to take advantage of market trends or implement specific trading strategies without having to constantly monitor the market. They provide a more hands-off approach to trading and can be a valuable tool for both beginner and experienced traders.
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