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What happens if my limit order on Gemini is not filled?

avatarRicardo JurcisinDec 16, 2021 · 3 years ago6 answers

I placed a limit order on Gemini to buy a specific cryptocurrency, but it has not been filled yet. What will happen if my limit order is not filled?

What happens if my limit order on Gemini is not filled?

6 answers

  • avatarDec 16, 2021 · 3 years ago
    If your limit order on Gemini is not filled, it means that the market price has not reached your specified price yet. Your order will remain open until it is either filled or canceled. You can choose to wait for the market price to reach your desired level and hope that your order gets filled, or you can cancel the order and place a new one with a different price.
  • avatarDec 16, 2021 · 3 years ago
    Don't worry if your limit order on Gemini is not filled immediately. It's a common occurrence in the cryptocurrency market. The market price may fluctuate and take some time to reach your specified price. Just be patient and keep an eye on the market. You can always adjust or cancel your order if needed.
  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, if your limit order is not filled on Gemini, we recommend reviewing your order and the current market conditions. It's possible that the market price has not reached your specified price yet. You can choose to keep your order open and wait for the market to move in your favor, or you can cancel the order and place a new one with a different price. Remember, it's important to stay informed and make informed decisions when trading cryptocurrencies.
  • avatarDec 16, 2021 · 3 years ago
    If your limit order on Gemini is not filled, it could be due to various reasons. The market may not have enough liquidity at your specified price, or there may be other orders ahead of yours in the queue. It's also possible that the market price has moved away from your specified price. In any case, you have the option to adjust or cancel your order as needed.
  • avatarDec 16, 2021 · 3 years ago
    When your limit order on Gemini is not filled, it simply means that there are no sellers willing to sell at your specified price at the moment. This can happen when the market is moving quickly or when there is low trading activity. You can choose to wait for the market conditions to change or adjust your order to a more competitive price.
  • avatarDec 16, 2021 · 3 years ago
    If your limit order on Gemini is not filled, it's important to evaluate the current market conditions and your trading strategy. You can consider adjusting your order price to match the current market price or canceling the order and placing a new one. Remember to always stay informed and make decisions based on your own analysis and risk tolerance.