What does 'hit the bid' mean in the context of cryptocurrency trading?

3 answers

• Expo Display StudioDec 07, 2023 · 2 years ago
  In cryptocurrency trading, 'hit the bid' refers to the act of selling a cryptocurrency at the current highest bid price. It means that the trader is willing to sell their cryptocurrency immediately at the best available price offered by buyers. This term is commonly used in trading platforms and exchanges to indicate the intention to sell at the current market price.
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• KrutzelpuntzJun 22, 2021 · 4 years ago
  When someone says 'hit the bid' in the context of cryptocurrency trading, it means they want to sell their cryptocurrency right away at the highest bid price. It's like saying 'I'm ready to sell, who's buying?' This term is often used by traders to express their willingness to sell at the current market price without waiting for a better offer.
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• Jackeyy3Jul 18, 2023 · 2 years ago
  In the context of cryptocurrency trading, 'hit the bid' means to sell your cryptocurrency at the highest bid price available in the market. It's like accepting the best offer from buyers and executing the trade immediately. By hitting the bid, traders can quickly liquidate their positions and take profits or cut losses. It's a common term used by traders to indicate their intention to sell at the current market price.
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