What does 'firm on price means' mean in the context of cryptocurrency?
Ravinder kashyapApr 30, 2022 · 3 years ago3 answers
In the context of cryptocurrency, what does the phrase 'firm on price' mean?
3 answers
- Apr 30, 2022 · 3 years agoWhen someone says they are 'firm on price' in the context of cryptocurrency, it means that they are not willing to negotiate or lower the price of the cryptocurrency they are selling. They have set a fixed price and are not open to any price adjustments or negotiations.
- Apr 30, 2022 · 3 years agoIn the world of cryptocurrency, being 'firm on price' means that the seller is not willing to budge on the price they have set for their digital assets. It indicates that they are not open to any price negotiations or offers below their stated price.
- Apr 30, 2022 · 3 years agoBeing 'firm on price' in the context of cryptocurrency means that the seller is not willing to negotiate or lower the price of the digital asset they are selling. This can be seen as a sign of confidence in the value of the cryptocurrency, as the seller believes that the price they have set is fair and non-negotiable. However, it's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. So, being 'firm on price' may not always be the most advantageous strategy for sellers.
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