The bid-ask spread is the crypto version of "Buy low, sell high!" It's the difference between the highest bid price and the lowest ask price for a particular token or coin.
A wide bid-ask spread can be a real pain in the booty, especially if you're trying to trade low-volume tokens. It's like trying to cross a river by hopping from rock to rock, only the rocks are greased up with butter.
Good luck with that.
Example
"The bid-ask spread on this new DeFi token is so wide, you could drive a Lambo through it."
"I've been staring at the order book for hours, waiting for the bid-ask spread to tighten up. I'm starting to go cross-eyed."
The bid-ask spread is the difference between the highest bid price and the lowest ask price for an asset. It's like the gap between what buyers are willing to pay and what sellers are willing to accept.
Example
"A wide bid-ask spread indicates that there's a lot of disagreement on the value of the asset, or that there's low liquidity."
"Market makers try to profit from the bid-ask spread by buying at the bid price and selling at the ask price."
