Bitcoin cash live coin watch9/3/2023 ![]() ![]() Orders are recorded in a database called the order book. Orders - this is where you tell the exchange that you want to buy/sell the item at a specific price. The exchange will use the information of past sales to set the market price. Immediate/Quick buy/sell - this is where you buy/sell (or at least try to) your item (stock, bitcoin, gold etc.) at the market price. There are generally two types of transactions that exchanges deal with: Instead they infer the price from the last successful transaction. How exchanges set the priceĮxchanges of all types (crypto, gold, oil, stock, forex etc.) don't actually set the price. The easiest place to track this is at exchanges. So the real price of a cryptocurrency is the the last price someone bought/sold that cryptocurrency. In economics-speak it is where the supply meets demand. Therefore, while McDonalds can put any price on their product, the real price is the one which people are willing to pay. However, if they do that then nobody would buy their burger. They are free to sell BigMacs for $5000 each. If the seller is willing to sell at the price the buyer is willing to buy then a sale happens - the sale also defines the price of the item.įor example, McDonalds have the right to sell the BigMac at any price. The real price of something is how much people are willing to pay for it. ![]() First you have to understand what the price of something is. ![]()
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