Subnostr

Lol how much can you liquidate in P2P? Not much, even on the buy side its pretty thin man, doesn;t solve jack, thats why OTC desks exist

MAstr 2y ago

I think for the average man it is enough you can do to have a living out of it. And even for savings plattforms like #Bisq are giving enough throughput. But it is not as fast obviously.

I mean the order limit is i think 0.2 or 0.1 BTC

So you need to process a lot of orders. And you need to find somebody to accept it or take an order from someone with a 5% fee on it. That is going to be close as the taxation.

Life in p2p is getting harder as well.

Can feel the limitation of BTC already there.

That is why i'm saying that the course might be pushed down/ manipulated.

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Discussion

TheBitcoinManual 2y ago

Yeah the average person could likley live of P2P but the market is fragmented AF, like if I want a specific currency or payment method there might not be liquidity for that, who in their right mind is going to waste time selling here and there, maybe getting vouchers, the friction and fees alone make it a complete waste of time for the average person

I have no issue with P2P I do use it, i just don't agree that its so easy to use, plus you have to deal with your fair share of scammers too, and your frequent traders you trust might not always want to trade when you need capital

Its a time, duration and size mismatch at the best of times.

StackSats.IO 2y ago

Agree with you, P2P is difficult outside of OTC. That needs to improve but it’s downstream of other avenues like small biz being exchanges.

Canada has Bull Bitcoin where you can unKYCed buy $1000 of BTC at the post office and post offices have famously had to pivot into all sorts of sidelines after email disrupted them.

In Aus we have “newsagents” as the catchall in every town that sells newspapers but also typically lotto, tobacco and accessories, cold drinks, sodastream refills, gifts, incense, they are the delivery point for various logistics companies, do passport photos etc.

In SE Asia I could see gold dealers who do currency exchange, metals, antiques, pawn, phone top-ups etc. taking on Bitcoin exchange.

What would this look like in Africa? Or Europe?

Feel like that’s needed before robust P2P exchange can emerge.

MAstr 2y ago

I was not saying it is easy.

But i think that at least everybody in europe should think before identifyinf an acount.

I think there will be a lot of taxation for Bitcoin.

So i would give everybody rhe advise to stay under the radar.

I did not trade any btc on exchanges for the reson that there might be a bailout tax in germany/europe in future.

This will affect also all btc accounts.

StackSats.IO 2y ago

Lol mate fuck taxes on Bitcoin. We’re here to separate money and state, not to appease parasites

MAstr 2y ago

Thats exactly what i talk about LOL

Exchanges in europe are regulated now and can be taxed.