Trying to share wisdom

[Eisenhower34]

Hey guys,

I've taken a break for a few years here since going hard trading Bitcoin peer-to-peer. I'm just now coming back and going to get back to spreading the good word and I'm looking to start networking again.

If anyone is interested in sharing tricks, tips, or any kind of advice when it comes to the Bitcoin lifestyle, feel free to reach out via DM. I've transacted well over millions of dollars to direct individuals using all forms of payments over the years. I've lived, learned, and even lost. Let's share stories and laugh, time to catch up!

[mk4]

If anyone is interested in sharing tricks, tips, or any kind of advice when it comes to the Bitcoin lifestyle, feel free to reach out via DM.

Not sure if you're doing this already, but if you want a Bitcoin lifestyle, you might want to give attention to your privacy by doing things such as mixing and/or CoinJoining your coins through services like WasabiWallet and ChipMixer. https://en.bitcoin.it/wiki/Privacy

I suggest moving this topic to the Bitcoin Discussion section though, as it's probably more fitting there.

[o_e_l_e_o]

From your other post, looks like you are largely interested in privacy and real decentralized exchanges?

If that's the case, then I would thoroughly recommend Bisq as a place to get started trading with other users again. You download and run the software (open source, obviously) on your own machine, and it connects to other users in a peer-to-peer manner over Tor. Bitcoin trades are made via a timelocked 2-of-2 multi-sig escrow between buyer and seller. There are still centralized "arbitrators" who can step in for conflict resolution in rare cases, but I've never had to use them before. Their wiki is a good place to learn more: https://bisq.wiki/Main_Page

Zero KYC and zero centralized wallets. It's the closest thing to completely peer-to-peer trading that isn't a direct trade with a friend.

[btc_angela]

[snip]

How about another good option which is https://hodlhodl.com/?

Welcome back @Eisenhower34 trading is not as it used to be, LBC or Paxful for once has implemented KYC already, so just bear that in mind. But there are ways to still hide your privacy like using mixers, wasabi and conjoin. Best of luck.

[minairia3]

If anyone is interested in sharing tricks, tips, or any kind of advice when it comes to the Bitcoin lifestyle, feel free to reach out via DM. I've transacted well over millions of dollars to direct individuals using all forms of payments over the years. I've lived, learned, and even lost. Let's share stories and laugh, time to catch up!

The funnt story is when youre gone a lot of new tech and project emerged aside from bitcoin, and guess what it is now the time of defi and yield farming shit. A lot of scam new projects are lurking on the market. Its look like you need to catch up on this, but better stay on legit one like bitcoin.

Welcome back again.

[YOSHIE]

I've taken a break for a few years here since going hard trading Bitcoin peer-to-peer. I'm just now coming back and going to get back to spreading the good word and I'm looking to start networking again.

It should be you who give us a little experience, tricks, tips that you have learned over the years, We are very happy if you share the story from the beginning so that you can successfully trade Bitcoin in a peer-to-peer way, as you tell today.

Not the other way around, we are here as you can see, only providing information about crypto/Bitcoin in this forum, but it's different from you.
You have real experience in trading, we should hear your story, not our story you want to hear. I think that's better.

[Yogee]

......
How about another good option which is https://hodlhodl.com/?

It is a platform where users can buy peer to peer but this is not truly decentralized. The servers running hodlhodl.com and LBC are controlled by some few individuals which makes it centralized. Bisq, on the other hand, doesn't run on centralized server as explained by o_e_l_e_o.

When we say P2P, it doesn't automatically mean that it's decentralized. Many of us are still confused with this.


Eisenhower34, I'd like to hear your thoughts on the current market and bitcoin adoption. Compare to your past experiences if possible.

[joniboini]

When we say P2P, it doesn't automatically mean that it's decentralized. Many of us are still confused with this.

I think it's a matter of preference. Some traders probably refers decentralized when they don't have to store KYC and stuff like that when they use the platform. It's not entirely wrong imo, as long as both parties understand what they're trying to do.

[o_e_l_e_o]

How about another good option which is https://hodlhodl.com/?

I do like hodlhodl, I use it occasionally, and I like the amount of work they have put in to setting up their smart contract escrows. However, as pointed out above, it still runs on a centralized website and so is not as truly decentralized as Bisq is.

A lot of scam new projects are lurking on the market.

There are always scam coins and tokens on the market. It used to be ICOs. Then it was IEOs. Now it's yield tokens or whatever. No doubt next year it will be something else for people to lose their money on. And throughout it all, bitcoin remains.

It's not entirely wrong imo, as long as both parties understand what they're trying to do.

There is a problem with a lot of exchanges using the word "decentralized" as a marketing tool and gimmick, when in reality they are not decentralized at all. Sites like LocalBitcoins and IDEX which claim to be decentralized, and yet users have to deposit coins to their custodial wallets and complete KYC. Complete nonsense.

[Yogee]

When we say P2P, it doesn't automatically mean that it's decentralized. Many of us are still confused with this.

I think it's a matter of preference. Some traders probably refers decentralized when they don't have to store KYC and stuff like that when they use the platform. It's not entirely wrong imo, as long as both parties understand what they're trying to do.

It's still wrong and people who think it's the same are still misinformed or uninformed. P2P platforms allows trade between two parties without the exchange interference but that doesn't qualify them as decentralized when their servers are centralized.

These traders who refers an exchange not storing personal information for KYC as DEX probably thinks Yobit as decentralized too hehe.

.......
There is a problem with a lot of exchanges using the word "decentralized" as a marketing tool and gimmick, when in reality they are not decentralized at all. Sites like LocalBitcoins and IDEX which claim to be decentralized, and yet users have to deposit coins to their custodial wallets and complete KYC. Complete nonsense.

This!

[o_e_l_e_o]

P2P platforms allows trade between two parties without the exchange interference but that doesn't qualify them as decentralized when their servers are centralized.

Exactly. LocalBitcoins is peer to peer but it isn't decentralized at all. HodlHodl is peer to peer and semi-decentralized, but still has a centralized website which all functions take place on. Bisq is peer to peer and the most decentralized exchange we have at the moment, as each user runs the software on their own computer, but still has a few centralized components (the arbitrators for conflict resolution).

Not requiring KYC, while necessary to be classed as a decentralized exchange, is not sufficient on its own to make an exchange decentralized by any means.

[Eisenhower34]

If anyone is interested in sharing tricks, tips, or any kind of advice when it comes to the Bitcoin lifestyle, feel free to reach out via DM.

Not sure if you're doing this already, but if you want a Bitcoin lifestyle, you might want to give attention to your privacy by doing things such as mixing and/or CoinJoining your coins through services like WasabiWallet and ChipMixer. https://en.bitcoin.it/wiki/Privacy

I suggest moving this topic to the Bitcoin Discussion section though, as it's probably more fitting there.

Of course =) Real privacy lays in who you cash out with though, always remember. Nerds always get beat by the rubber hose, remember that.

Forgot all about the Bitcoin Discussion section... whoops.


LBC is swarmed by the feds and they cooperate all the time. They use MLAT's (Mutual Legal Assistance Treaties). Even though LBC is slow as fuck, they still respond to the processes. They only care about maintaining their enormous daily profit 10k+> profit. I have accounts that are half a decade old I refuse to use anymore simply because it requires me to enter KYC if I wish to use them.

Those bums should at least give every user a canary and have it disappear when they are ratting them out to the federales. BUMS. I remember when LBC was created they had a backbone.

[Eisenhower34]

How about another good option which is https://hodlhodl.com/?

I do like hodlhodl, I use it occasionally, and I like the amount of work they have put in to setting up their smart contract escrows. However, as pointed out above, it still runs on a centralized website and so is not as truly decentralized as Bisq is.

A lot of scam new projects are lurking on the market.

There are always scam coins and tokens on the market. It used to be ICOs. Then it was IEOs. Now it's yield tokens or whatever. No doubt next year it will be something else for people to lose their money on. And throughout it all, bitcoin remains.

It's not entirely wrong imo, as long as both parties understand what they're trying to do.

There is a problem with a lot of exchanges using the word "decentralized" as a marketing tool and gimmick, when in reality they are not decentralized at all. Sites like LocalBitcoins and IDEX which claim to be decentralized, and yet users have to deposit coins to their custodial wallets and complete KYC. Complete nonsense.

Thanks for breaking it down. Where are our projects with the same ethos as Dark Wallet or developers like Amir Taaki? I want radical.

[o_e_l_e_o]

They only care about maintaining their enormous daily profit 10k+> profit.

I've often said this about all centralized exchanges. Coinbase are quite happy to rat their users out to the IRS provided they are allowed to keep operating and make their obscene half-a-billion-a-year profits. The willingness of people to hand over their private information to complete strangers never ceases to amaze me.

Where are our projects with the same ethos as Dark Wallet or developers like Amir Taaki?

Wasabi and Samourai wallets are the two leading privacy orientated wallets at the moment, which both make use of coinjoin like Dark Wallet did. I think much of the more "radical" side of the community have moved to Monero, though.

[RealMalatesta]

Trading peer-to-peer for me has always been a pain in the ass lol.
The people I do peer-to-peer trading with usually do rates that are seriously annoying and I will always be at loss after trading.

It took me long until I started to become an OG in the trading game this time around it’s really interesting and I am the one calling the rates now and making huge profits from every trades I make. This time around I sell for a rate that is very high and when I am buying I buy for a very low rate and it is really cool. When you’re still new in this you will find it hard.

[adaseb]

I used to also trade peer-to-peer locally in my city years ago when I first discovered bitcoin and mining and honestly it was very stressful to say the least. I didn't do it to make a profit because I was usually just selling my mining profits, so I sold at the exchange rate with no market up. But the amount of sketchy people you meet was just not worth it.

When Bitcoin ATMs started to hit my city, I was relieved and used those instead. Then there was more and more legit exchanges which you can just do a bank transfer or wire and I've been using those ever since. I always claimed my income and taxes so the high rate of Bitcoin ATMs wasn't really worth it for me. Rather just do a transfer using an legit exchange and not worry about my safety.

[Eisenhower34]

Trading peer-to-peer for me has always been a pain in the ass lol.
The people I do peer-to-peer trading with usually do rates that are seriously annoying and I will always be at loss after trading.

It took me long until I started to become an OG in the trading game this time around it’s really interesting and I am the one calling the rates now and making huge profits from every trades I make. This time around I sell for a rate that is very high and when I am buying I buy for a very low rate and it is really cool. When you’re still new in this you will find it hard.

That's the American dream, set your own price. Way to go man.

[Paycoinzzz]

Hey guys,

I've taken a break for a few years here since going hard trading Bitcoin peer-to-peer. I'm just now coming back and going to get back to spreading the good word and I'm looking to start networking again.

If anyone is interested in sharing tricks, tips, or any kind of advice when it comes to the Bitcoin lifestyle, feel free to reach out via DM. I've transacted well over millions of dollars to direct individuals using all forms of payments over the years. I've lived, learned, and even lost. Let's share stories and laugh, time to catch up!

Even though I was only trading a year ago, I would love to discuss how the market works and how bitcoin does. Do you accept more students? Now I want to learn everything about finance, I'm very interested in it. If you accept it please send me your telegram link, we will chat about your trading experience.

[Ucy]

When we say P2P, it doesn't automatically mean that it's decentralized. Many of us are still confused with this.

I think it's a matter of preference. Some traders probably refers decentralized when they don't have to store KYC and stuff like that when they use the platform. It's not entirely wrong imo, as long as both parties understand what they're trying to do.

It's still wrong and people who think it's the same are still misinformed or uninformed. P2P platforms allows trade between two parties without the exchange interference but that doesn't qualify them as decentralized when their servers are centralized.

These traders who refers an exchange not storing personal information for KYC as DEX probably thinks Yobit as decentralized too hehe.

And Decentralized exchange can also work as peer-to-peer platform. I believe that is the best way to go about peer-to-peer trading Bitcoin/cryptocurrency. That will allow for selfcustody, running of nodes, privacy,  decentralized regulation, censorship resistant etc

[akram143]

Peer to peer mode trading changed a lot in the meanwhile period, now almost there is no complete privacy when registering into the exchanges.Localcryptos claim they doesn't need any documents for trading in their platform but still traders may prefer docs to verify the identity.