What is the meaning of 'ask' in the context of digital currencies?

3 answers

• RISHIKA RANYALApr 18, 2024 · 2 years ago
  In the context of digital currencies, the term 'ask' refers to the lowest price at which a seller is willing to sell a particular cryptocurrency. It represents the price that buyers need to pay in order to purchase the cryptocurrency from the seller. The ask price is typically displayed on cryptocurrency exchanges and can vary depending on market conditions and the specific cryptocurrency being traded.
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• Trần VũOct 23, 2022 · 3 years ago
  When it comes to digital currencies, 'ask' is the price that sellers are willing to accept for a particular cryptocurrency. It's like the seller's 'asking price' for the cryptocurrency. Buyers can choose to accept the ask price and purchase the cryptocurrency, or they can try to negotiate a lower price with the seller. The ask price is an important factor to consider when trading digital currencies, as it can impact the overall cost of buying or selling a cryptocurrency.
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• Shan-e-UlfatJul 13, 2020 · 5 years ago
  In the context of digital currencies, the term 'ask' refers to the price at which sellers are willing to sell their cryptocurrencies. It's like the price tag on an item in a store. Buyers can see the ask price and decide whether they want to buy the cryptocurrency at that price or try to find a better deal. The ask price can fluctuate based on market demand and supply, as well as other factors such as trading volume and liquidity. It's important for buyers to consider the ask price when making trading decisions in the digital currency market.
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