What is the meaning of the term 'strike' in the context of cryptocurrency?

7 answers

• Roberson JacobsenSep 22, 2022 · 3 years ago
  In the context of cryptocurrency, the term 'strike' typically refers to the act of executing a trade or transaction at a specific price. It is commonly used in options trading, where a strike price is the predetermined price at which an option contract can be exercised. When someone mentions 'strike' in relation to cryptocurrency, they are usually talking about the price at which a trade is executed or the price at which an option can be exercised.
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• Bech HopkinsAug 14, 2022 · 3 years ago
  Ah, 'strike' in the world of cryptocurrency! It's like hitting the bullseye in darts. When you 'strike' a trade, it means you're executing it at a specific price. It's like saying 'I want to buy Bitcoin at $10,000' and then actually buying it at that price. So, 'strike' is all about getting the deal you want at the price you want.
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• McNulty TangeAug 27, 2020 · 5 years ago
  When it comes to cryptocurrency, 'strike' refers to the price at which a trade is executed. It's like the moment when you decide to pull the trigger and make the trade happen. For example, if you 'strike' a trade to buy Bitcoin at $10,000, it means you're buying it at that specific price. It's an important term to understand if you want to navigate the world of cryptocurrency trading.
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• JocefynerootFeb 18, 2023 · 2 years ago
  In the context of cryptocurrency, 'strike' refers to the price at which a trade is executed. It's a term commonly used in options trading, where the strike price is the predetermined price at which an option can be exercised. For example, if you have a call option with a strike price of $10,000 and the current market price of Bitcoin is $12,000, you can 'strike' the option and buy Bitcoin at $10,000. It's a way to take advantage of price movements in the cryptocurrency market.
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• Lucas MenkeJan 11, 2024 · a year ago
  When it comes to cryptocurrency, 'strike' is an important concept in options trading. It refers to the price at which an option can be exercised. Let's say you have a call option with a strike price of $10,000 and the current market price of Bitcoin is $12,000. If you decide to 'strike' the option, you can buy Bitcoin at $10,000, even though the market price is higher. It's a way to profit from price differences in the cryptocurrency market.
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• Sandberg BergMay 07, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, explains that 'strike' is a term commonly used in options trading. It refers to the price at which an option can be exercised. For example, if you have a put option with a strike price of $10,000 and the current market price of Bitcoin is $8,000, you can 'strike' the option and sell Bitcoin at $10,000. It's a way to protect yourself from potential losses in the cryptocurrency market.
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• Achmad Syahril FadillahFeb 24, 2021 · 4 years ago
  When it comes to cryptocurrency, 'strike' is a term used in options trading. It represents the price at which an option can be exercised. For instance, if you have a call option with a strike price of $10,000 and the current market price of Bitcoin is $12,000, you can 'strike' the option and buy Bitcoin at $10,000. It's a way to take advantage of favorable price movements in the cryptocurrency market.
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