[XMR] Monero Speculation

[toty888]

Damn I thought polo price was about to rise up too but no... just bithumb's!!!

Now I'm stuck in phone verification... I might've lost the train guys

[rinus]

Should polo price not rise as well? How does it work... Usd is USD and xmr is xmr... If USD price rides on bithumb, it should rise on polo as well??

[Billy Bunter]

Live feed on Bithumb:

https://m.bithumb.com/u2/US212

(1 USD = approx 1120 KRW)

[wojak]

Different prices on every exchange.

XMR - price unknown

166 on bithumb :|
175 just few minutes later
200 soon I guess

[vince212]

damn it. if only i sent mine to bithumb and sell it there

[SolarStorm]

Should polo price not rise as well? How does it work... Usd is USD and xmr is xmr... If USD price rides on bithumb, it should rise on polo as well??

This is not like an automatic process, but prices are moving towards each other on different exchanges. It is called arbitrage, meaning  traders buy on one market and sell on another, to gain on the difference in price. If the usd price is higher on bithumb, then it could mean an enormous demand, OR it could mean that the koreans do not consider their KRW as much valuable as the 'official' dollar price of the KRW.

[Arux]

it sounds like buy pressure is fine. 

[vince212]

hmmmm thinking now if i should sell my dash for xmr.
do you guys think prices will follow bithumb?

[wojak]

hmmmm thinking now if i should sell my dash for xmr.
do you guys think prices will follow bithumb?

bithumb has same 24h volume like all other exchanges toghether, I think yes

[Jjetd4]

hmmmm thinking now if i should sell my dash for xmr.
do you guys think prices will follow bithumb?

Bithumb is the majority market in the world for all coins it lists except bitcoin, so yes i would expect the price to follow bithumb

[Dotto]

176USD in bithumb  

[johnalan]

I wonder why Polo/Trex are not following the Bithumb price?!

Maybe they will by next week for the King Trader event.

[Dotto]

They will. Now it´s difficult to find the graphs if you are not logged into bithumb. This is discounted prices until synch

[wojak]

I think there is a hint about upcoming price

[mobilflow]

anyone managed to register on bithumb with an foreign telefonnumber (maybe from europe)? and how?

[BTCIV]

They will. Now it´s difficult to find the graphs if you are not logged into bithumb. This is discounted prices until synch

Not really. https://www.bithumb.com/u2/US201 just click on Monero to refresh the price

[DashS]

176USD in bithumb  

Oh GOD... I think I have ~2 XMR in my wallet still I'll go and check. I think many miners will regret that they didn't hold XMR when it was much cheaper...

[Jjetd4]

anyone managed to register on bithumb with an foreign telefonnumber (maybe from europe)? and how?

Yes you can do it. I just made an account with an Italian phone number. Just choose your country and put in your phone number without the international code.

BTW the price on bithumb went up to $312 on the opening candle  

[wojak]

anyone managed to register on bithumb with an foreign telefonnumber (maybe from europe)? and how?

Yes you can do it. I just made an account with an Italian phone number. Just choose your country and put in your phone number without the international code.

BTW the price on bithumb went up to $312 on the opening candle  

$350*

[CryptoPH]

According to some guy on /r/xmrtrader 5:30pm open:

http://bithumb.cafe/archives/11090

In about 30 minutes...

nice in 30 minutes we will know if it is a dump or a pump haha

Probably, they bought(you may call it pump) a lot of XMR from different exchanges and distribute (you call it dump) them in South Korean people. Which is good as they help spread market adoption of Monero.