What is the meaning of ask and bid in the context of cryptocurrency trading?

3 answers

• NathanSlossDec 26, 2023 · 2 years ago
  In cryptocurrency trading, the term 'ask' refers to the lowest price at which a seller is willing to sell their cryptocurrency. It represents the selling price that a buyer needs to meet in order to execute a trade. On the other hand, the term 'bid' refers to the highest price at which a buyer is willing to buy a particular cryptocurrency. It represents the buying price that a seller needs to meet in order to execute a trade. The difference between the ask and bid prices is known as the bid-ask spread, which represents the liquidity and market conditions of a cryptocurrency.
  581

  291
• Avraj AccountingMar 20, 2022 · 4 years ago
  When it comes to cryptocurrency trading, 'ask' and 'bid' are two important terms to understand. The 'ask' price is the price at which sellers are willing to sell their cryptocurrency, while the 'bid' price is the price at which buyers are willing to buy the cryptocurrency. The ask price is always higher than the bid price, creating a bid-ask spread. This spread represents the profit margin for market makers and liquidity providers. Understanding the ask and bid prices is crucial for determining the current market value of a cryptocurrency and making informed trading decisions.
  583

  195
• GrigoriyLisichkinJun 25, 2024 · a year ago
  Ask and bid are terms commonly used in cryptocurrency trading. The 'ask' price is the price at which sellers are willing to sell their cryptocurrency, while the 'bid' price is the price at which buyers are willing to buy the cryptocurrency. The difference between the ask and bid prices is known as the bid-ask spread. This spread represents the transaction cost and liquidity of a cryptocurrency. It's important to note that the ask and bid prices can change rapidly in a volatile market, so traders need to closely monitor these prices to make informed trading decisions.
  573

  144