How does a 30-day order differ from a good till cancelled order in the context of cryptocurrency trading?

4 answers

• Nov 29, 2021 · 3 years ago
  A 30-day order is an order type in cryptocurrency trading that remains active for 30 days from the time it is placed. It will automatically expire after the specified period if not executed. On the other hand, a good till cancelled order, also known as GTC order, remains active until it is either executed or manually cancelled by the trader. The main difference between the two is the time frame in which they are active. A 30-day order provides a specific time limit for execution, while a GTC order can potentially remain active indefinitely. Traders use these order types based on their trading strategies and market expectations. For example, a trader who wants to take advantage of short-term price movements may prefer a 30-day order, while a long-term investor may choose a GTC order to hold a position until their desired price is reached. It's important to note that the availability of these order types may vary across different cryptocurrency exchanges.
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• Nov 29, 2021 · 3 years ago
  Alright, let's break it down! A 30-day order is like a ticking time bomb, but in a good way. It gives you a specific timeframe of 30 days for your order to be executed. If it's not executed within that period, it will automatically expire. On the other hand, a good till cancelled order is like a stubborn mule that refuses to budge until it gets what it wants. It remains active until it's either executed or manually cancelled by you. So, the main difference is the time frame. With a 30-day order, you have a deadline, while with a good till cancelled order, you can keep your order open for as long as it takes. It all depends on your trading strategy and how long you're willing to wait for the right price.
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• Nov 29, 2021 · 3 years ago
  In the context of cryptocurrency trading, a 30-day order and a good till cancelled order serve different purposes. A 30-day order is a time-limited order that automatically expires after 30 days if not executed. This type of order is commonly used by traders who want to take advantage of short-term price movements or have a specific time frame in mind for their trades. On the other hand, a good till cancelled order remains active until it is executed or manually cancelled by the trader. This order type is often used by long-term investors who are not concerned with short-term price fluctuations and want to hold their positions until their desired price is reached. It's important to consider your trading strategy and goals when choosing between these order types.
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• Nov 29, 2021 · 3 years ago
  When it comes to cryptocurrency trading, a 30-day order and a good till cancelled order offer different flexibility and timeframes. A 30-day order is active for a specific period of 30 days from the time it is placed. If the order is not executed within that timeframe, it will automatically expire. On the other hand, a good till cancelled order remains active until it is executed or manually cancelled by the trader. This order type allows traders to keep their orders open for as long as it takes to achieve their desired price. The choice between these order types depends on the trader's trading strategy, time horizon, and market expectations. It's important to note that different cryptocurrency exchanges may have varying availability of these order types, so it's always a good idea to check the specific exchange's order options before placing your trades.
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