Pricing Items and Services in Crypto

[Joshua Farrell]

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?

 

[Magnus2022]

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.

 

[Elendu]

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.

 

[Suba]

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.

 

[Stardom22]

I think the pricing of goods and services in crypto requires one to have studied on the market trends and how the prices of the crypto-currency goes by. It's very tricky I must say.

 

[gammarays]

When I sold a Bluetooth headphone to someone in crypto. I had to fix a price in Fiat then the person paid the crypto equivalent of the sum. The person can pay less or more depending on the price of the crypto token.

 

[Reedex]

Cryptocurrency has gained a lot of traction and people will use it to purchase many things.