Gargari@lemmy.ml to MoneroEnglish · 1 year agoWhy LocalMonero so expensive?message-squaremessage-square15fedilinkarrow-up122arrow-down11file-text
arrow-up121arrow-down1message-squareWhy LocalMonero so expensive?Gargari@lemmy.ml to MoneroEnglish · 1 year agomessage-square15fedilinkfile-text
minus-squareshortwavesurferlinkfedilinkEnglisharrow-up11arrow-down1·edit-21 year 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-up4·1 year agoI like to think of it as the KYC discount.
minus-squarenewIdentity@sh.itjust.workslinkfedilinkEnglisharrow-up1·1 year agoI think the price is quite stable BECAUSE the exchanges keep it on the same price.
minus-squareRefurbished Refurbisher@lemmy.sdf.orglinkfedilinkEnglisharrow-up4·1 year 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.