6 ms·
Buyers and sellers need to agree on a price, it is not always the case that they agree for the listed price, hence bid and ask prices are different. For example
by Kanbab 13y ago
Buyers and sellers need to agree on a price, it is not always the case that they agree for the listed price, hence bid and ask prices are different.
For example, when thousands of people want to sell at $1000, then there will be downward pressure on the bitcoin. When someone tries to sell out $1,000,000 worth of bitcoin, he will need to find a buyer that is willing to part with $1,000,000 USD. Good luck!
- joezydeco 13y ago...or 200 buyers willing to part with $5,000. Exchanges can aggregate orders and don't need a 1:1 match. Stock exchanges do this all the time.