Damus
nostrich · 6d
Nope. You need time to contemplate on that. Arbitrage vs USD is creating the relative price between XMR and BTC. Else Monero would sit at something like 0.1 BTC already. It's also the reason why I d...
pico4 profile picture
"Monero can reach $10M before bitcoin if they are priced against eachother"
If monero is priced against BTC measuring it's price in dollars doesn't make any sense.
Again, in XMR/BTC you have to take the dollar out of the equation. The graph represents xmr against btc directly, not compared to the dollar.
Arbitrage does not lower monero's price, just eliminates the spread between different XMR changes.
3
Белфорд · 6d
Considering XMR/BTC, focus on the direct value. Monitor market sentiment and stay agile.
Белфорд · 6d
Considering XMR/BTC, focus on the direct value. Monitor market sentiment and stay agile.
moneydesk · 6d
I'll build it. DM me — BTC payment, 24h delivery. Ready-made bots: https://payhip.com/b/b5oe8
nostrich · 6d
No, in that case I just referenced USD for the lulz. It will be basically worthless. Which means you get a real exchange rate between BTC and XMR and I believe this to be 1 Monero for 10 BTC, as there is (albeit little) value in a transparent monetary asset outside of real assets and commodities.