I am quite elated today that my stop-limit order to buy got executed to purchase #XRP at its relatively low price. It will be a nice thing for me to wait until the XRP price to go up some notch more so I can gain much profit than cashing out BTC directly and then waiting for a pump that could cost me time and of course when you cashout BTC the fees are quite big.
Although I do not mind much of the fees, what is important for me sometimes is to just cashout anyway but I figured out that if I would buy XRP with my BTC and wait for XRP to pump in a much higher price value I could gain more plus the total fees for XRP transfer is just one whole XRP only.
So it is a win for me plus I am also having some fun with trading, it is just exciting when you get a successful trade and then hope that the dip will not dip some more. But I am confident that XRP would bounce back because it has a very strong price action and many people trade it so holding it as an investment for a while would pay us dividends when all factors are met about its future price.
About how to setup the conditional stop limit buy order at bittrex, just select "STOP LIMIT", then " Greater Than Or Equal To", then your Trigger price must be higher than you Bid price, then click the "BUY MAX" if you want to buy XRP with your total BTC or just put in how much BTC you want to use to buy XRP. Then the waiting game and hope for the best. Also if you want to sell using the stop limit option you just do the reverse.
Posted via Steemleo