Gargari to Monero@monero.townEnglish · 2 years agoWhy LocalMonero so expensive?message-squaremessage-square14fedilinkarrow-up120arrow-down11file-text
arrow-up119arrow-down1message-squareWhy LocalMonero so expensive?Gargari to Monero@monero.townEnglish · 2 years agomessage-square14fedilinkfile-text
minus-squareshortwavesurfer@monero.townlinkfedilinkEnglisharrow-up9arrow-down1·edit-22 years ago2 reasons More risk to the seller Centralized exchanges suppress prices on purpose to make people uninterested in monero because its price is quite stable. I consider the localmonero price the real market price and the exchange price is the KYC discount.
minus-squarejet@hackertalks.comlinkfedilinkEnglisharrow-up2·2 years agoI like to think of it as the KYC discount.
minus-squarenewIdentity@sh.itjust.workslinkfedilinkEnglisharrow-up1·2 years agoI think the price is quite stable BECAUSE the exchanges keep it on the same price.
minus-squareRefurbished Refurbisher@lemmy.sdf.orglinkfedilinkEnglisharrow-up4·2 years agoIt’s stable because it’s the only crypto that people actually use as currency.
2 reasons
I consider the localmonero price the real market price and the exchange price is the KYC discount.
I like to think of it as the KYC discount.
Okay, now have better picture
I think the price is quite stable BECAUSE the exchanges keep it on the same price.
It’s stable because it’s the only crypto that people actually use as currency.