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Kanbab
|
12 years 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|12 years ago