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] 3 points 1 month ago (3 children)

Because cash has a different market exchange rate than other currency methods. Supply demand etc etc

[–] [email protected] 2 points 1 month ago (2 children)

I don't understand what you mean. Right now the value of 1 XMR is $213 USD. There are sell offers ranging from $208 to $236. The cash market exchange rate should be the same for all offers, right? Why would someone want to sell XMR for below market rate?

[–] [email protected] 3 points 1 month ago (1 children)

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.