Stop orders what is the differance in limit price and stop price

[beamin]

I want to hedge my bets and if the price falls too low automatically execute a sell. Why is there a stop price (the price when a BTC is ready to be sold )and a limit price? When the price falls and I want to sell why would I want two different prices?

Say I bought the BTC at 10000 it went up to 12000 but im not able to constantly watch the price I would want a stop order to sell at 10000 so I dont lose any money right? Why have two different prices?

[GreatArkansas]

You will set a two prices here, if the price you set in stop price will reach the current price, it will open another order with price you set in stop limit.

Example: You set stop limit with price at 12,000 and limit at 11,900.
This mean, if the price will reach at 12,000 it will open an order with the price of 11,900.

It's two prices because it is Stop limit, not stop market.
In stop limit, you will set two prices, the stop price and the stop limit.
Using the stop market, you will only set 1 price here, where if the price you set will reach the current price, it will create an order based on the current price, it may not exactly not the same price you set.

[beamin]

You will set a two prices here, if the price you set in stop price will reach the current price, it will open another order with price you set in stop limit.

Example: You set stop limit with price at 12,000 and limit at 11,900.
This mean, if the price will reach at 12,000 it will open an order with the price of 11,900.

It's two prices because it is Stop limit, not stop market.
In stop limit, you will set two prices, the stop price and the stop limit.
Using the stop market, you will only set 1 price here, where if the price you set will reach the current price, it will create an order based on the current price, it may not exactly not the same price you set.

So its a way of hedging your bets if the market starts to crash you can "Detect it" with your stop limit price, then you can dump all your BTC at a lower price. Why wouldnt you just sell at 12,000 and not 11,900?

[PrimeNumber7]

You will set a two prices here, if the price you set in stop price will reach the current price, it will open another order with price you set in stop limit.

Example: You set stop limit with price at 12,000 and limit at 11,900.
This mean, if the price will reach at 12,000 it will open an order with the price of 11,900.

It's two prices because it is Stop limit, not stop market.
In stop limit, you will set two prices, the stop price and the stop limit.
Using the stop market, you will only set 1 price here, where if the price you set will reach the current price, it will create an order based on the current price, it may not exactly not the same price you set.

So its a way of hedging your bets if the market starts to crash you can "Detect it" with your stop limit price, then you can dump all your BTC at a lower price. Why wouldnt you just sell at 12,000 and not 11,900?

Say for example that the order book is as follows (for buy orders):
Price Amount
12,001 1
12,000 2
11,950 4
11,900 2

In the above example, if someone were to place a market sell order for 5 BTC, the highest bid price would be 11,950 and any limit sell orders above that price will not immediately execute. Someone with a limit sell order of 11,950 or below will have their order execute at 11,950 provided their order is for no more than the bid amount at that price.

[beamin]

You will set a two prices here, if the price you set in stop price will reach the current price, it will open another order with price you set in stop limit.

Example: You set stop limit with price at 12,000 and limit at 11,900.
This mean, if the price will reach at 12,000 it will open an order with the price of 11,900.

It's two prices because it is Stop limit, not stop market.
In stop limit, you will set two prices, the stop price and the stop limit.
Using the stop market, you will only set 1 price here, where if the price you set will reach the current price, it will create an order based on the current price, it may not exactly not the same price you set.

So its a way of hedging your bets if the market starts to crash you can "Detect it" with your stop limit price, then you can dump all your BTC at a lower price. Why wouldnt you just sell at 12,000 and not 11,900?

Say for example that the order book is as follows (for buy orders):
Price Amount
12,001 1
12,000 2
11,950 4
11,900 2

In the above example, if someone were to place a market sell order for 5 BTC, the highest bid price would be 11,950 and any limit sell orders above that price will not immediately execute. Someone with a limit sell order of 11,950 or below will have their order execute at 11,950 provided their order is for no more than the bid amount at that price.

So If I want to hedge my bets what amounts should I put hypothetically into each price for a small amount of cpins where I dont have to worry about there being any takers? Seems like you would use this and set a lower limit price if you were selling 1000BTC and had to worry that there wouldnt be any buyers for that amount at the current moment

Stop price?
Limit price?

I dont see why you wouldnt just put the same price in both when you are only selling off a fraction of a btc or just one BTC.