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What should I do if my Bitcoin order cannot be sold

Date:2024-07-13 18:03:29 Channel:Crypto Read:

As one of the most popular digital currencies, Bitcoin's price fluctuations often make investors feel tricky. Especially when your Bitcoin order cannot be sold, what should you do? Next, we will explore solutions to this problem to help you better face market fluctuations.

First, don't panic when your Bitcoin order cannot be sold. This may be due to an imbalance in market supply and demand, drastic price fluctuations, or insufficient liquidity on the exchange. In this case, you can consider the following eight tricks to resolve the dilemma.

1. Flexibly adjust the order price. When the market price fluctuates greatly, you can adjust the order price appropriately to maintain a certain price difference with the market and increase the possibility of transaction. Remember, flexibility is the key to successful trading.

2. Trade in batches. If you have a large amount of Bitcoin to sell, you can consider trading in batches to gradually reduce the impact on the market and avoid drastic price fluctuations that lead to unsuccessful transactions.

3. Choose a suitable exchange. Different exchanges have different liquidity. Some exchanges may be more suitable for large transactions, while others are more suitable for small transactions. Choosing a suitable exchange can improve transaction efficiency.

4. Pay attention to market sentiment. Market sentiment has an important impact on price fluctuations. Keeping abreast of market sentiment and adjusting your trading strategy according to the situation can help you better grasp the pulse of the market.

5. Use stop-loss orders. Setting a stop-loss order can automatically sell when the price drops to a certain level to avoid further losses. But be careful to consider the market volatility when setting a stop-loss order to avoid frequent triggering.

6. Seek professional advice. If you are unsure about the market trend, you can seek advice from professionals who may give some useful opinions and suggestions to help you better cope with market fluctuations.

7. Pay attention to global events. Global political and economic events may affect the fluctuations in Bitcoin prices. Paying attention to these events in a timely manner can help you better predict market trends and make correct decisions.

8. Wait patiently. Sometimes market fluctuations take time to calm down. Don't rush to sell. Wait patiently for the right time, and you may have unexpected gains.

In general, when your Bitcoin pending order cannot be sold, don't panic. Analyze the market situation calmly and adopt flexible strategies to resolve the dilemma. Remember, investment is risky, and acting cautiously can better seize opportunities. I hope the above eight tips can help you better deal with market fluctuations and achieve your investment goals.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


Before understanding the problem of what to do if the Bitcoin pending order cannot be sold, the editor of the Coin Circle wants to briefly explain this Bitcoin pending order to everyone. In fact, in layman's terms, Bitcoin pending orders are a method of analyzing and predicting the market and automatically trading when investors cannot always watch the market. For example, when everyone is sleeping at night, predicting at what price they can make a profit by buying and selling, the system will automatically complete the trading instructions set by investors when the trend reaches the prediction. At this time, many investors want to ask, what should I do if the Bitcoin pending order cannot be sold? Let the editor of the Coin Circle talk about it.

 What should I do if the Bitcoin pending order cannot be sold?

Generally, after placing an order, as long as the price is not set too high, it can be sold quickly. If it cannot be sold, everyone can try to adjust the price. However, when placing an order, the editor of the Coin Circle still reminds investors:

1. All decisions on pending orders for buying and selling should not be executed immediately, and give yourself time to confirm again.

Think clearly about the purpose and starting point of making a decision first, and make a decision after thinking it through. Although you may not be able to make the best objective judgment in this way, at least you can make your own best decision.

2. Don't make decisions when you are emotional.

All human emotions are disasters for decision-making. Positive emotions will make people too optimistic, underestimate the impact of negative results, and make extremely risky decisions - see the currency market after 94 in 2017; while negative emotions will make people pessimistic, too conservative, and miss many opportunities. You can't completely avoid emotionality, but at least you can remind yourself when emotions are pouring out.

3. Don't make decisions under the instigation of people around you.

Everyone has different thinking patterns and different positions. Except for you, no one can completely think about problems and make decisions from your perspective. For example, when a friend has just made a trading decision and then tells you excitedly that he recommends you to make the same decision as him. If you do it, is it really the best decision for you? Not necessarily. Human thinking is far more fragile than you think, and many times you believe it when you hear it too much.

 How long can a Bitcoin pending order be placed?

Generally speaking, a Bitcoin pending order is permanently valid unless the investor cancels it.

Take an example of a pending order. The latest transaction price of Bitcoin is 7759.97 yuan. We placed a current order, the purchase price of the order is 7745 yuan, and the order quantity is 0.5 Bitcoin. Then we can see in the buy and sell orders that a total of 1.5294 Bitcoins are commissioned at the price of 7745 yuan, including the 0.5 Bitcoin we commissioned.

When the order is completed, you can see in "Bitcoin Transaction-
Transaction Record" that the actual fee paid is - 0.50.15% = 0.00075 Bitcoin. Because the website can only display 4 decimal places, the fee you see is 0.0007 Bitcoin, which actually pays 0.00075 Bitcoin.

The above content is the specific explanation of the editor of the currency circle on what to do if the Bitcoin pending order cannot be sold. When ordinary investors are placing orders, they need to master stop-loss orders and planned orders. For many investors who like short-term operations, moving stop-profit orders are very important. Of course, there are many other order placement methods. You can simply learn about them and have a basic understanding. You don’t need to master them all. As long as we can distinguish these order placement methods when special circumstances occur in the market, it will be fine. After all, only by understanding the main force’s operating intentions can we reduce more risks for our investment transactions.

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