Learned by 33 usersPublished on 2024.04.04 Last updated on 2024.10.15
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Introduction to Bid (Buying Price) in Cryptocurrency Trading
In cryptocurrency trading, a Bid (Buying Price) refers to the highest price that an investor or trader is willing to pay for a particular cryptocurrency. It is the price at which a trader can open a long position (i.e., buy). Correspondingly, there is the Ask (Selling Price), which is the price at which a trader can open a short position (i.e., sell).
In summary, the Bid is a key concept in cryptocurrency trading, helping traders understand market demand and make informed trading decisions.
According to the provided information, BID (Bidcoin) does not clearly indicate its founder. The relevant information mainly comes from cryptocurrency data websites and platforms, but these sources have not provided specific details about the founder of BID.
If you are referring to Bitcoin, then according to the information, Bitcoin was founded by Satoshi Nakamoto, with the white paper published on October 31, 2008, and the network officially launched on January 3, 2009.
According to the provided information, the following venture capital firms or institutions have invested in cryptocurrency-related projects:
Coinbase Ventures: The investment division of Coinbase that mainly invests in cryptocurrency-related startups, including:
TaxBit: A cryptocurrency tax automation software provider (Series A $100 million)
Amber Group: A cryptocurrency trading services startup based in Hong Kong (Series B $100 million)
FTX: A cryptocurrency exchange (Series B $900 million)
CoinSwitch Kuber: An Indian cryptocurrency exchange (Series C $260 million)
ConsenSys: Ethereum blockchain ecosystem development ($200 million)
SoftBank Group: Participated in several cryptocurrency-related investment cases in 2021, including:
FTX: A cryptocurrency exchange (Series B $900 million)
Revolut: A UK digital banking app (Series E $800 million)
Chime: A US digital bank (Series G $750 million)
Klarna: A Swedish e-commerce payment solution ($639 million)
DriveWealth: A fractional investment trading platform (Series D $450 million)
Salesforce: Participated in Wiz's Series B $120 million and Series C $250 million investments; Wiz is an Israeli cloud security startup.
Other Investors:
Wanxiang Blockchain Lab: Early investor in Ethereum, providing $500,000 in cash support.
eToro: Although not an investment firm, it is a social trading brokerage offering cryptocurrency trading services and has received $100 million in investment.
Operating of Bid (Buying Price) in Cryptocurrency Trading
In cryptocurrency trading, especially when using Contract for Difference (CFD), the Bid (Buying Price) refers to the price at which a trader or investor can open a long position. It is the price at which a trader can buy cryptocurrency, typically slightly higher than the current market price.
Key Points:
Trading Process:
Important Note:
By understanding the operation of the buying price (Bid) and selling price (Ask), traders can better grasp the basic principles of cryptocurrency CFD trading.