Yeah, there is a difference in the 'buy' and 'sell' on yobit and all other exchanges also,
the difference is because of the demand of buyers and sellers,
when a buyer do not want to buy bitcoin on the currenct buy rate then he manipulate the price of bitcoin at there and so a demand is created which is viewable in the sell area, so when ever someone sell on that price which you demanded to get the coins at that instant,
and when a seller do not want to sell his coins on the current sell rate of the exhange then he manipulate the price of bitcoin at that area and so a demand is created which is viewable at the buy area, so whenever a person buy bitcoin at that price your coins are sold.
Topic: newbie question - buy/sell diff - page 2. (Read 1451 times)
buying a coins or a stock has different value with selling cause its because of supply and demand
The buy and sell prices are completely independent because some people are offering a price to sell their bitcoins while other people are offering a price to buy. There can be a big or small gap between the two but there are also many sellers above the low sell price and many buyers below the top buy price. They will never overlap because when a sell price and buy price are the same, a transaction can occur.
The fee is the same in all cases - 2%. It doesn't make up the difference between some coins. Coin A buy is .000035, sell is .000033; Coin B buy is .0000035, sell is .000012
I can see that this may be because Coin B is almost dead - supply and demand. I'm just trying to learn.
I can see that this may be because Coin B is almost dead - supply and demand. I'm just trying to learn.
On Yobit, most fees are 0.2%, not 2%, but they do set them by currency. Some exchanges have the same fees across all currencies.
I agree a large spread could indicate a dead coin or at least dead on that exchange. Other exchanges the spread might be small with lots of volume.
And if the coin isn't currently dead, a large spread will certainly not help, since it means orders are not getting satisfied, which means volume will be low.
https://coinmarketcap.com is a good site to get an idea as to where a coin is being traded.
The fee is the same in all cases - 2%. It doesn't make up the difference between some coins. Coin A buy is .000035, sell is .000033; Coin B buy is .0000035, sell is .000012
I can see that this may be because Coin B is almost dead - supply and demand. I'm just trying to learn.
I can see that this may be because Coin B is almost dead - supply and demand. I'm just trying to learn.
stupid question, probably. On YoBit, sometimes there is a small difference between the 'buy' and the 'sell' price, and sometimes there is a huge diff between them.
I don't understand what drives the difference between the 'buy' and the 'sell' price. I can see the sell orders, and when one of them is used up, the price increases a little bit. Why don't the buy orders match? ie if the buy price goes up by 2 sats, why doesn't the sell price goes up 2 sats?
trading for dummies 101?
I don't understand what drives the difference between the 'buy' and the 'sell' price. I can see the sell orders, and when one of them is used up, the price increases a little bit. Why don't the buy orders match? ie if the buy price goes up by 2 sats, why doesn't the sell price goes up 2 sats?
trading for dummies 101?
A part of that difference is a fee that the exchange platform gets.
In every currency market there is a difference between "buy" and "sell" price.
Usually the "Sell" price is higher because of that fee.
I am pretty sure the fee is not factored into the price.
It gets deducted from the amount you are willing to trade, so if you commit .01 BTC to a trade and the fee is .2%, then you actually buy .00998 worth.
Now that is not to say when people set their buy or sell price they do not consider the fee and set a slightly different price.
I agree with the premise of the comment and that is "Pay attention to the fees"
stupid question, probably. On YoBit, sometimes there is a small difference between the 'buy' and the 'sell' price, and sometimes there is a huge diff between them.
I don't understand what drives the difference between the 'buy' and the 'sell' price. I can see the sell orders, and when one of them is used up, the price increases a little bit. Why don't the buy orders match? ie if the buy price goes up by 2 sats, why doesn't the sell price goes up 2 sats?
trading for dummies 101?
I don't understand what drives the difference between the 'buy' and the 'sell' price. I can see the sell orders, and when one of them is used up, the price increases a little bit. Why don't the buy orders match? ie if the buy price goes up by 2 sats, why doesn't the sell price goes up 2 sats?
trading for dummies 101?
A part of that difference is a fee that the exchange platform gets.
In every currency market there is a difference between "buy" and "sell" price.
Usually the "Sell" price is higher because of that fee.
i also have this question in my mind i was curious to know
This is not a simple question.
I tend to find, This is about demand and volume.
In the very liquid markets like BTC->LTC the buy(bid) and sell(ask) prices are very close and orders tend to get satisfied quickly.
When you have a fringe altcoin, lets say BTC->CUBE, that has little volume and the difference between bid and ask, Spread, tends to be higher.
I think demand has more to do with it because bid and ask are set by people so it is what they are willing to trade for.
If you really want something you will pay more and potentially meet someone asking price.
Not really a good/complete answer but it is a start.
I tend to find, This is about demand and volume.
In the very liquid markets like BTC->LTC the buy(bid) and sell(ask) prices are very close and orders tend to get satisfied quickly.
When you have a fringe altcoin, lets say BTC->CUBE, that has little volume and the difference between bid and ask, Spread, tends to be higher.
I think demand has more to do with it because bid and ask are set by people so it is what they are willing to trade for.
If you really want something you will pay more and potentially meet someone asking price.
Not really a good/complete answer but it is a start.
stupid question, probably. On YoBit, sometimes there is a small difference between the 'buy' and the 'sell' price, and sometimes there is a huge diff between them.
I don't understand what drives the difference between the 'buy' and the 'sell' price. I can see the sell orders, and when one of them is used up, the price increases a little bit. Why don't the buy orders match? ie if the buy price goes up by 2 sats, why doesn't the sell price goes up 2 sats?
trading for dummies 101?
I don't understand what drives the difference between the 'buy' and the 'sell' price. I can see the sell orders, and when one of them is used up, the price increases a little bit. Why don't the buy orders match? ie if the buy price goes up by 2 sats, why doesn't the sell price goes up 2 sats?
trading for dummies 101?
Jump to: