<p>I figured this out. A "Limit" order is what I wanted to do.</p>

<p>A limit buy order will trigger if the price hits the target or lower. A caveat for anyone unfamiliar like I was: the order won't necessarily be fulfilled at the price your specify, rather it will become a market order which will execute at the next best available price.</p>

CC BY-SA 3.0
2017-03-08T21:40:24.717Z
2017-03-08T21:40:24.717Z
sixoftwelve
<p>I am sure this is a simple question but I am having trouble with figuring out the type of order to place on Bitstamp.</p>

<p>Say the price is currently $1100 but I want to buy only if the price drops to $1000, what type of order would I place? I thought this was a "Stop" order, but the Bitstamp UI asks me to specify the amount to buy in USD if the price <strong>rises</strong> to my given value. I am worried that if I enter $1000 and place this order, my order will instantly kick in because the price is already above $1000.</p>

<p><a href="https://i.sstatic.net/gxqGr.jpg" rel="nofollow noreferrer"><img src="https://i.sstatic.net/gxqGr.jpg" alt="enter image description here"></a></p>

<exchanges><bitstamp><exchange-order>
Bitstamp: What type of order to place to buy BTC when the price drops to a certain value?
sixoftwelve
# Bitstamp: What type of order to place to buy BTC when the price drops to a certain value?

(Asked by: username_0 on 2017-03-08)

I am sure this is a simple question but I am having trouble with figuring out the type of order to place on Bitstamp.

Say the price is currently $1100 but I want to buy only if the price drops to $1000, what type of order would I place? I thought this was a "Stop" order, but the Bitstamp UI asks me to specify the amount to buy in USD if the price **rises** to my given value. I am worried that if I enter $1000 and place this order, my order will instantly kick in because the price is already above $1000.

[![enter image description here](https://i.sstatic.net/gxqGr.jpg)](https://i.sstatic.net/gxqGr.jpg)

**Tags:** exchanges, bitstamp, exchange-order


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## 1 answers

### Answer by username_0 on 2017-03-08. Score: 2

I figured this out. A "Limit" order is what I wanted to do.

A limit buy order will trigger if the price hits the target or lower. A caveat for anyone unfamiliar like I was: the order won't necessarily be fulfilled at the price your specify, rather it will become a market order which will execute at the next best available price.


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