Replying to Avatar Duncan Cary Palmer

#asknostr

How realistic can the published price of bitcoin in $USD be if no private, P2P (Peer To Peer) transactions are taken into account?🤔🧐

Isn't it true that all we're seeing in the price action arena is a reflection of "public, KYC'd, on exchange" transactions?😜😳
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halalmoney 1y ago

I think arbitrage is relevant here.

If sophisticated operators know they can get more fiat by selling Bitcoin to people who wish to buy on a p2p basis, they can buy Bitcoin from exchanges and then sell on to a p2p buyer.

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Duncan Cary Palmer 1y ago

Thank you kindly for responding.🙏🏻🫂💖😆