On Haveno RetoSwap, why are some cash by mail offers less than the current XMR price?
On Haveno RetoSwap, why are some cash by mail offers less than the current XMR price?
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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Letely, the price is going up but many of those offers may have been made a day ago or something.
Also, some people may be willing to take a little haircut to get the trade done fast. This is how price discovery works on an order book, spreads should get smaller as liquidity goes up
Letely, the price is going up but many of those offers may have been made a day ago or something.
This is the whole thrust of my question. Are these "old" offers from "a day ago" that will suddenly increase when I respond to the "old" offer or are the sellers committed to the advertised price, even if it's below market value?
Also, some people may be willing to take a little haircut to get the trade done fast.
Really? Sellers do that?
An offer that's on the book is on the book. If the person who made it wants to take it down they can. If it's still there you can take it.
Of course they do. Not all of them, but they do. Just like grocery stores to 10% off stuff they want gone. If someone needs to sell fast, the best incentive is a little discount.
If they put fixed offers at the time higher the market price would you take it? You fucking wouldnt is my guess. Fuck this thread.
Fuck this thread.
If you don't have anything useful to contribute here (which you never do), then get the fuck off my thread.
If they put fixed offers at the time higher the market price would you take it? You fucking wouldnt is my guess
My expectation is that they all should be slightly higher than the market price so that the seller can make a profit. That's how it was with all trades on localmonero. Have you even ever done a cash by mail trade?
Do you know how haveno works? Do you know the buy price of the seller? Have you read the replies already given to explain it? No, no, no.