@Gargari@lemmy.ml to Monero@monero.townEnglish • 11 months agoWhy LocalMonero so expensive?message-square14fedilinkarrow-up122arrow-down11file-text
arrow-up121arrow-down1message-squareWhy LocalMonero so expensive?@Gargari@lemmy.ml to Monero@monero.townEnglish • 11 months agomessage-square14fedilinkfile-text
minus-square@shortwavesurfer@monero.townlinkfedilinkEnglish10•edit-211 months 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-squarenewIdentitylinkfedilinkEnglish1•11 months agoI think the price is quite stable BECAUSE the exchanges keep it on the same price.
minus-squareRefurbished RefurbisherlinkfedilinkEnglish4•11 months 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.