What does 'ask' mean when discussing digital currency trading?

3 answers

• rokn nagdAug 24, 2022 · 3 years ago
  In digital currency trading, the term 'ask' refers to the lowest price at which a seller is willing to sell a particular cryptocurrency. It represents the seller's asking price and is typically higher than the current market price. When a buyer places a market order to buy a cryptocurrency, they will be matched with a seller who has set their ask price at or below the buyer's bid price. This is how trades are executed in the digital currency market.
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• Rocha MikkelsenMay 29, 2023 · 2 years ago
  When it comes to digital currency trading, 'ask' simply means the price at which someone is willing to sell a cryptocurrency. It's like the seller's invitation to buyers, stating the minimum price they are willing to accept for their coins. Buyers can choose to accept the ask price or negotiate for a lower price. The ask price is an important factor to consider when making buying decisions in the digital currency market.
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• Prince VermaJun 09, 2024 · a year ago
  In the world of digital currency trading, the term 'ask' refers to the price at which sellers are willing to sell their cryptocurrencies. It represents the supply side of the market and is typically displayed on the sell side of trading platforms. Buyers can choose to accept the ask price or place a bid at a lower price. The difference between the highest bid and the lowest ask is known as the spread, which is an indicator of market liquidity. Understanding the ask price is crucial for traders to make informed decisions in the digital currency market.
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