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What Does The Bid \u0026 Ask Mean? (Investing In The Stock Market)Bid and ask prices are the pillars that hold up the free market, representing the twin desires of buyers and sellers. Bids signify the maximum. How Is Bitcoin Bid and Ask Price Decided? Typically, bid and ask prices are decided by the market. Multiple factors determine the price of the. A 'bid' price represents the maximum price that a buyer is willing to pay for an asset. The 'ask' price represents the minimum price that a seller is willing to.