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Author Topic: [2014-09-01] What Makes Bitcoin Exchanges Tick?  (Read 547 times)
erono
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September 01, 2014, 04:28:58 AM
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http://www.coindesk.com/makes-bitcoin-exchanges-tick/

The next trade in the example above will execute either at the bid of $96.281 in case of a seller stepping in, or at $98 if a buyer is willing to pay the ask; more on this later.

It’s important to note that transactions between sellers and buyers only occur if there are open bid and ask orders at the same price level.

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