Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
bitebits
on 25/08/2016, 06:11:58 UTC
[...]until we have no market for turning XMR in $ or €, the cashout probably will still be in BTC, which does not lift the price of XMR a little bit.
[...]

Can you explain why it makes a difference for the dollar price of a monero, whether it is being 'cashed out' to dollars or bitcoins?

I do not endorse it but there is a clear incentive, especially in the DNM sector, that merchants keep their profits in XMR. That actually does lift the price of a monero.