What does 'price is firm means' mean in the context of cryptocurrency trading?

3 answers

• Ebby D enokoFeb 02, 2025 · 6 months ago
  When it comes to cryptocurrency trading, 'price is firm' means that the seller is not willing to negotiate or lower the price of the asset. This term is often used when a seller wants to sell their cryptocurrency at a fixed price without any room for negotiation. It indicates that the seller is firm on their asking price and is not open to offers or haggling. For traders, this means that if they want to buy the asset, they will have to pay the specified price without any possibility of negotiation. It's important for traders to understand this term to avoid any misunderstandings or wasted time in negotiations.
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• Abhinandan ChoudharyJul 22, 2022 · 3 years ago
  In cryptocurrency trading, 'price is firm' is a term used to indicate that the seller is not willing to change the price of the asset. It means that the seller has set a fixed price for their cryptocurrency and is not open to negotiation. This term is commonly used in situations where the seller wants to sell their cryptocurrency quickly and at a specific price. Traders need to be aware of this term because it means that they cannot try to negotiate a lower price. If they want to buy the asset, they will have to pay the firm price set by the seller.
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• HarikrishnaMay 06, 2023 · 2 years ago
  When it comes to cryptocurrency trading, 'price is firm' means that the seller has set a non-negotiable price for their asset. This term is used to indicate that the seller is not open to offers or price adjustments. It is important for traders to understand this term because it implies that the seller is not willing to entertain any negotiations or lower the price. Traders who come across this term should be prepared to pay the specified price if they want to purchase the cryptocurrency. It's a straightforward and clear indication that the seller is not open to any price changes.
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