Sorry to hear that 😢 Well, at least the same mistake won't be made twice 😅
Indeed, the BTC<->FIAT market rate will typically come with a premium and a positive premium is above that rate, whereas a negative premium is below that rate (AKA a "discount")
In future, you could try explaining to your peer in the P2P chat stage that you took this order before realizing the premium was negative, and hopefully your peer would understand so that you both could collaboratively cancel the order. Collab cancel means your bond isn't forfeited.
npub1p2…k3m82
2023-06-18 00:14:27
in reply to nevent1q…puz5
Author Public Key
npub1p2psats79rypr8lpnl9t5qdekfp700x660qsgw284xvq4s09lqrqqk3m82Published at
2023-06-18 00:14:27Event JSON
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"content": "Sorry to hear that 😢 Well, at least the same mistake won't be made twice 😅\n\nIndeed, the BTC\u003c-\u003eFIAT market rate will typically come with a premium and a positive premium is above that rate, whereas a negative premium is below that rate (AKA a \"discount\")\n\nIn future, you could try explaining to your peer in the P2P chat stage that you took this order before realizing the premium was negative, and hopefully your peer would understand so that you both could collaboratively cancel the order. Collab cancel means your bond isn't forfeited.",
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