What is the meaning of a 'sell call' in the context of cryptocurrency?

3 answers

• Apr 25, 2022 · 3 years ago
  A 'sell call' in cryptocurrency refers to a trading strategy where an investor sells a specific cryptocurrency at a predetermined price. It is similar to a 'stop-loss order' in traditional trading. When the price of the cryptocurrency reaches the predetermined level, the sell call is triggered and the investor's position is automatically sold. This strategy helps investors limit their losses and protect their profits in a volatile market.
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• Apr 25, 2022 · 3 years ago
  In simple terms, a 'sell call' in cryptocurrency is like setting a safety net for your investment. It allows you to automatically sell your cryptocurrency when it reaches a certain price, so you don't have to constantly monitor the market. It's a useful tool for risk management and can help you avoid emotional decision-making.
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• Apr 25, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a 'sell call' feature that allows users to set their desired selling price for a specific cryptocurrency. Once the price reaches the set level, the sell call is executed and the user's position is sold. This feature is designed to help users take advantage of price movements and protect their investments.
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