this post was submitted on 15 Dec 2024
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On Haveno RetoSwap, why are some cash by mail offers less than the current XMR price? (monero.town)
submitted 1 month ago by [email protected] to c/[email protected]
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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?

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[–] [email protected] 5 points 1 month ago (1 children)

Because the person making the offer doesn't want to lose money. If you are doing cash in mail and they offer to pay $210 for every $215 in XMR that's about 2% profit which is fairly reasonable.

[–] [email protected] 1 points 1 month ago (1 children)

I think you misunderstood my question. I posed it as a buyer responding to a sell offer. Why would a seller offer XMR for $5 less than market value and want to lose money?

[–] [email protected] 3 points 1 month ago

Oh i had it backwards yeah.

If it's under valued than the reason is probably expediency