What is the meaning of 'place ask' in the context of cryptocurrency trading?

3 answers

• Hoover BynumNov 16, 2024 · 9 months ago
  When it comes to cryptocurrency trading, 'place ask' refers to the action of placing a sell order at a specific price. It means that you are willing to sell your cryptocurrency at a certain price and are waiting for a buyer to match your ask price. This is an important concept in trading as it allows traders to set their desired selling price and wait for the market to reach that level before executing the trade.
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• madixMay 02, 2022 · 3 years ago
  In cryptocurrency trading, 'place ask' simply means placing a sell order. It's the price at which you are willing to sell your cryptocurrency. By placing an ask order, you are indicating to the market that you want to sell your coins at a specific price. Once a buyer is willing to pay that price, the trade will be executed. It's a way for traders to set their selling price and wait for the market to meet their expectations.
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• nikhilAug 24, 2022 · 3 years ago
  When it comes to cryptocurrency trading, 'place ask' is the term used to describe the action of placing a sell order on a specific cryptocurrency exchange. It's the price at which you are willing to sell your coins and the quantity you want to sell. By placing an ask order, you are indicating to the market that you are willing to sell your coins at that price. Once a buyer is willing to pay that price, the trade will be executed. It's an essential concept for traders to understand in order to effectively participate in the cryptocurrency market.
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