Author

Topic: beginner question about bid/ask (Read 133 times)

sr. member
Activity: 910
Merit: 257
January 10, 2018, 08:27:48 PM
#4
if I buy I obviously want to buy for the lowest BTC price
if I want to sell I would want to sell for highest BTC price
Each trading platform has different styles in terms of this bid-ask thing. If it happens you have doubt in one exchange, just bear in your mind what you said as quoted, then you're good to go.
newbie
Activity: 84
Merit: 0
January 10, 2018, 08:22:25 PM
#3
Order books can be confusing sometimes but yes you got it 100% correct. And I would argue those are two of the simpler books in crypto there are a few websites out there that puzzle me until BTC is in my account lol.

I chose simple exchanges the easiest so far is binance. Especially on mobile.
full member
Activity: 252
Merit: 104
Decentralized Ecosystem for User-Generated Content
January 10, 2018, 05:00:54 PM
#2
Order books can be confusing sometimes but yes you got it 100% correct. And I would argue those are two of the simpler books in crypto there are a few websites out there that puzzle me until BTC is in my account lol.
newbie
Activity: 84
Merit: 0
January 10, 2018, 04:34:50 PM
#1
Hello
 On cryptopedia https://imgur.com/se0Tc9e if I buy I obvisouly want to buy for the lowest BTC price which is the column on the left and they ordered from lowest to highest and if I want to sell I would want to sell for highest BTC price which is in the right column.

On Bittrex https://imgur.com/AoDqiQX the colums are reversed. So if I want to buy I choose the lowest price in the right colum and for sell the left column.

This is correct, right ?

It's not 100% clear.
If written ask(BTC) it shouldmean someone is asking BTC and will thus sell you xyz.
For bid(BTC) someone is giving you BTC and receives xyz.
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