For those who sold stuff in the past for Crypto, how did you price the item(s) in question? Did you price it based on average price for the item or service, or did you set a specific coin or coin value?
Pricing Items and Services in Crypto
- Thread starter Joshua Farrell
- Start date
It is very simple . When am selling T-shirts, I use to price it in dollars and convert to bitcoin. When bitcoin is depreciating, I use to adjust the price thrice daily.
pricing items and services in cryptocurrency requires careful consideration of the volatility of the cryptocurrency market, the cost of processing payments, and the perceived value of the cryptocurrency. By taking these factors into account, businesses can make informed decisions about pricing items and services in cryptocurrency and ensure that they remain competitive and profitable in the evolving digital economy.
In general, prices are determined by fiat money such as USD, whether it's determining the selling price of goods, giving rewards on faucet, ptp or forum sites, in my opinion the price of crypto is too volatile so it can't be used as a unit of account.
