this post was submitted on 10 Feb 2024
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Monero

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Binance is doing leverage ? Or speculators leveraged the bounce on Binance (still not really delisted until the 20 Feb). These people (if they can be reached) should more be advised to trade in spot, on places where they can actually withdraw funds to use them.

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[–] ANIMATEK 4 points 9 months ago (2 children)

I did not. Shame, it is one of the best coins out there.

[–] [email protected] 7 points 9 months ago

It's not respecting their cryptocurrency standards because it's nor a rugpull or a meme coin :(

[–] [email protected] 6 points 9 months ago (1 children)

Its okay. Use LocalMonero, bisq, etc

[–] [email protected] 0 points 9 months ago (1 children)

Bisq only if you want to affect the price, sadly localmonero prices are not tracked by Coinmarketcap or coingecko and I think it should but idk how

[–] [email protected] 2 points 9 months ago

Well, I know local Monero has a data API, so the price could be tracked. Often, on local Monero, you'll find a minimum of a 10% markup on the XMR/USD pair. That comes down quite a bit if you get something like USDC or USDT though. My guess is primarily that is due to a lack of sellers pushing down rates and to the fact that payment methods straight from fiat can be reversed.