For example, right now XMR is $215 USD/XMR, but there’s an offer listed at $210/XMR and another one at $213/XMR. This seems to happen relatively frequently. Anyone know why this is?

  • 🇦🇺𝕄𝕦𝕟𝕥𝕖𝕕𝕔𝕣𝕠𝕔𝕕𝕚𝕝𝕖@lemm.eeEnglish
    3·
    11 days ago

    Because $1USD in digital doesnt equal $1USD in cash. Monero represents the real world exchangeable value of $1USD in its variouse forms.

    If u think u can buy monero under price with cash then sell it for non cash then convert non cash to cash then repeat then ur welcome to try. I suspect u will find that once uve gone to all the extra effort to do the cash non cash conversion plus account for the time it takes u then u will find ur making exactly $0. This is what a free market does and monero is a true free market hence why its only now u notice that $1USD cash isnt worth $1USD non cash.