What does the term 'ask' refer to in the world of cryptocurrencies?

11 answers

• Pridgen BatesOct 04, 2025 · 2 months ago
  The term 'ask' in the world of cryptocurrencies refers to the lowest price at which a seller is willing to sell their digital assets. It represents the sell orders placed by sellers on a cryptocurrency exchange. When a buyer wants to purchase a digital asset, they can place a 'bid' at a price lower than or equal to the 'ask' price. If the bid matches or exceeds the ask price, a trade is executed. The ask price is an important factor to consider when trading as it determines the cost of buying a digital asset.
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• abdiwasacOct 15, 2022 · 3 years ago
  In the world of cryptocurrencies, the term 'ask' is used to describe the price at which sellers are willing to sell their digital assets. It represents the supply side of the market, indicating the lowest price at which sellers are willing to part with their assets. Buyers can place 'bid' orders at a price lower than or equal to the ask price to buy the assets. The difference between the bid and ask prices is known as the 'spread' and represents the transaction cost of trading.
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• Andy CarterJun 15, 2023 · 2 years ago
  When it comes to cryptocurrencies, the term 'ask' refers to the price at which sellers are willing to sell their digital assets. It's like a virtual shop where sellers display their prices, and buyers can choose to buy at those prices or negotiate for a better deal. The 'ask' price is an important factor in determining the cost of buying digital assets, as it represents the lowest price sellers are willing to accept. It's always a good idea to compare the 'ask' prices on different exchanges to find the best deal.
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• leonardongFeb 06, 2024 · 2 years ago
  The term 'ask' in the world of cryptocurrencies is the price at which sellers are willing to sell their digital assets. It's like a virtual marketplace where sellers list their prices, and buyers can choose to buy at those prices or negotiate for a lower price. The 'ask' price is an important consideration for buyers as it determines the cost of purchasing digital assets. Different exchanges may have different 'ask' prices due to factors such as liquidity and demand. It's advisable to compare 'ask' prices across multiple exchanges before making a purchase.
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• divadAug 07, 2024 · a year ago
  In the world of cryptocurrencies, the term 'ask' refers to the price at which sellers are willing to sell their digital assets. It's like the price tag on an item in a store. When you want to buy a digital asset, you can look at the 'ask' price and decide if it's worth it for you. If the 'ask' price is too high, you can try to negotiate or look for a better deal elsewhere. The 'ask' price is an important factor to consider when trading cryptocurrencies, as it affects the cost of buying and selling.
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• carpe diemMar 11, 2021 · 5 years ago
  The term 'ask' in the world of cryptocurrencies refers to the price at which sellers are willing to sell their digital assets. It's like the asking price for a house or a car. When you want to buy a digital asset, you can look at the 'ask' price and decide if you're willing to pay that amount. If the 'ask' price is too high, you can try to find a seller who is willing to sell at a lower price. The 'ask' price is an important concept in cryptocurrency trading, as it helps determine the value of digital assets.
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• Ali TaherJan 06, 2024 · 2 years ago
  In the world of cryptocurrencies, the term 'ask' refers to the price at which sellers are willing to sell their digital assets. It's like the price tag on an item in a store. When you want to buy a digital asset, you can look at the 'ask' price and decide if it's within your budget. If the 'ask' price is too high, you can wait for it to drop or look for a better deal. The 'ask' price is an important factor in cryptocurrency trading, as it affects the cost of buying and selling.
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• SeanYork35Sep 14, 2020 · 5 years ago
  The term 'ask' in the world of cryptocurrencies refers to the price at which sellers are willing to sell their digital assets. It's like the price listed on a menu in a restaurant. When you want to buy a digital asset, you can look at the 'ask' price and decide if it's worth the price. If the 'ask' price is too high, you can try to negotiate or look for a different seller. The 'ask' price is an important factor to consider when trading cryptocurrencies, as it determines the cost of buying and selling.
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• hollymJul 11, 2024 · a year ago
  In the world of cryptocurrencies, the term 'ask' refers to the price at which sellers are willing to sell their digital assets. It's like the price tag on a product in a store. When you want to buy a digital asset, you can look at the 'ask' price and decide if it fits your budget. If the 'ask' price is too high, you can try to find a seller who is willing to sell at a lower price. The 'ask' price is an important concept in cryptocurrency trading, as it affects the cost of buying and selling.
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• peter HaandelDec 05, 2023 · 2 years ago
  In the world of cryptocurrencies, the term 'ask' refers to the price at which sellers are willing to sell their digital assets. It's like the price tag on an item in a shop. When you want to buy a digital asset, you can look at the 'ask' price and decide if it's worth the cost. If the 'ask' price is too high, you can try to negotiate or look for a better deal. The 'ask' price is an important factor in cryptocurrency trading, as it determines the cost of buying and selling.
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• schneizeeLFeb 17, 2025 · 9 months ago
  The term 'ask' in the world of cryptocurrencies refers to the price at which sellers are willing to sell their digital assets. It's like the price listed on a ticket for a concert. When you want to buy a digital asset, you can look at the 'ask' price and decide if it's within your budget. If the 'ask' price is too high, you can try to find a seller who is willing to sell at a lower price. The 'ask' price is an important factor to consider when trading cryptocurrencies, as it determines the cost of buying and selling.
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