I’ve checked out hyperlinks and requested this however, I’m confused…and PLEASE DON’T TREAT ME LIKE I AM STUPID (I’ve had that occur on just a few websites by ‘Trolls’). Little bit of a “Techie Challenged Fool” so a bit of confused by the ‘language’ some use to clarify the greenback worth verses bid worth since I’m not so good on making sense of apps and pc stuff and by no means have been. For instance if I’ve xyz quantity of BTC and it says it’s price so many {dollars} however, there’s a ‘Bid Worth’ that could be a nice deal larger comparable to say the greenback quantity exhibits underneath 100 {dollars} however, the bid is within the hundreds what’s the TRUE quantity I might obtain if I had been to promote the BTC? The platform I exploit hasn’t given me a transparent reply on this and I’m hoping to get one earlier than I decide on what I wish to do with these cash. I wish to make investments nevertheless, my monetary establishment is cracking down on funding and usingBTC so I’m hoping to money out, get my income earlier than they begin locking accounts of individuals on these type of plaforms. Assist

In keeping with https://www.investopedia.com/phrases/b/bid-and-ask.asp

The bid value represents the utmost value {that a} purchaser is prepared to pay for a share of inventory or different safety. The ask value represents the minimal value {that a} vendor is prepared to take for that very same safety. A commerce or transaction happens when a purchaser out there is prepared to pay the most effective supply accessible—or is prepared to promote on the highest bid.

So that you would possibly supply your BTC on the market for $1000 and it might solely promote if somebody bid $1000 or extra. If no-one bids that a lot you’d by no means promote your BTC.

For those who discover no-one is bidding greater than $950 you’d solely be capable to promote by providing to promote at $950.

Observe the phrase bid and supply on this context aren’t particular to Bitcoin. That is actually a query in regards to the terminology utilized by all marketplaces for monetary merchandise. This implies you would possibly get extra knowledgeable solutions by looking out in cash.stackexchange.com or by asking there if there are not any present solutions.

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