Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
thelibertycap
on 25/08/2016, 12:21:48 UTC
The people of Monero should provide the volume in Bitsquare. The last time I have seen it there was nothing happening in the exchange. Hiring market makers to accommodate people from the darkmarket selling and buying XMR might be a good idea. It will also help start the market activity in Bitsquare with XMR as the "star" currency making it become in the center of attraction again. I hope the Monero whales will have a long term game plan like that.

The problem with Bitsquare or in fact the problem with bitcoin is that bitcoin is not fungible thus selling your perfectly fungible moneros for possibly tainted bitcoins from a theft could result in value lost or complete inability to sell the coins n a normal way in a couple of years - I think the market should discount the reduced value of such coins and sellers there should learn to accept higher prices for monero.
The other way around when exchanging has no added risk because whoever buys your monero has exactly the same monero as they could buy from Poloniex or some other place.

I agree that having a p2p market is important and hope that people will support the market when they see an opportunity to sell monero with a justifiable premium there for non-fungible coins.