Post
Topic
Board Speculation (Altcoins)
Re: A little help?
by
Francis Freeman
on 21/10/2017, 09:04:14 UTC
I  was buying a coin on bittrex, looking at  the  order book  

ASK:  PRICE  0.00158400  

BID :  PRICE   0.00157780  

I  wanted  to buy it  so  I put  an order  at current market price (last  offer) but  it  has   not  been  fullfilled  yet ,  does this   mean that  people don't  want to sell (now),  so there is  more buying pressure?

 must  the  ask price  reach   0.00157780 to   get  my order fullfilled ?

Sorry noob....

Yes, it means nobody wanna buy at the price you put your sell order. Just be patient and wait until someone will put a higher price. Otherwise if you wanna sell your coins quickly just accept bid price. So "Bid Price" is the highest amount traders wanna pay to buy coins, while "Ask Price" is the lowest amount traders wanna pay in order to sell your coins. Obviously bid price is usually lower than ask price because people wanna pay less to buy coins. While "Last trade price" (or similar expressions on other exchanges) means the last trade price.