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A bid is an executable order that stipulates the price an investor or trader is willing to pay for a specific quantity of a given asset, commodity, security or financial instrument. The bid is recorded in the order book until it is executed or filled by another market participant or market maker. In cryptocurrency, this is referred to as a buy or buying the market.



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Bitcoin is most known for being the first cryptocurrency and blockchain officially released in 2009. Bitcoin as defined by its creator Satoshi Nakamoto: “a purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution… We propose a solution to the double-spending problem using a peer-to-peer network.”