What would be your stance if Bitcoin price was individually negotiable as a P2P

[EluguHcman]

What if Bitcoin trading is individually negotiable based on the fact that it is a P2P transaction system, would there still be periods of time for regrets with the regrettable emotional saying "HAD I KNOW" due to your traded value after learning about Bitcoins suddenly value increments?

I thought about this because I have seen sceneros where conventional traders regrets why they didn't over charged their customers on certain stocks due to the stock price has increased or it has been a product of treasures (scarcity).

It is just funny and tussling to think about how Bitcoin holders would be arguing of their stocked Bitcoins that " I have an original and reliable Bitcoin that is more authentic than the others do, I would sell mine at $100K others wailing to sell at $89K, $50K $30K, $95K, $20K practically based on individual influences in the Bitcoin marketing industry just like the normal stock markets.

I was just wondering if Bitcoin would still portray potential values of trusts and reputable goals of interest.

[Upgrade00]

When making a sell order you can set the price as you want, this could be higher or lower than the current market value. Buyers can also set a buy order at the price they want. You as a buyer or seller can choose which trade you want to go for depending on the quantity available for sale and the price.

I thought about this because I have seen sceneros where conventional traders regrets why they didn't over charged their customers on certain stocks due to the stock price has increased or it has been a product of treasures (scarcity).

If you feel it would increase, then don't sell.

[Adbitco]

What i understand about bitcoin price and speculation is that investors/traders do have a higher hope about what they want to sell their bitcoin whereby some fellow could think of gaining 5 percent from their investment while others are focused to have 10 percent. Actually there are some investors which their long time projection would be 100 percent or more, making them to hold for about 10 years or more depends on how you feels satisfying about the price. Most times people sells off without getting their required period which usually results to regret that was why you found most people lamenting toward how they could have sold at some certain price, perhaps some traders do set sell order in most of the reputable exchange where when the price hit their target plans it all triggers.

[tsaroz]

The reason why bitcoin is not traded like other valuables like gold is they can't enforce a VAT, customs or tax on bitcoin, it's transfer and trade. This makes it a global currency with universal acceptance. With the rise in access of centralized exchanges, it has become easier for most people to buy, trade and exchange one currency to another and know the current price the whole world is transacting on average.
But bitcoin is still being traded and negotiated P2P in the places where centralized exchanges and crypto trading are restricted and banned, there are still difference in the global average and current selling price of bitcoin.

[Barikui1]

Yes,  I believe that there will always be regret just as today's market, people that sold their Bitcoin holdings too early or at a loss during the bear run, and there are also those set of people that wouldn't sell for anything less than 100k dollars, so it all boils down to how we look at it.
In binance exchange for example, we have buy orders and sell others.
You can decide to buy or sell at your own convenience price, so it's still available at today's market.

[icalical]

What if Bitcoin trading is individually negotiable based on the fact that it is a P2P transaction system, would there still be periods of time for regrets with the regrettable emotional saying "HAD I KNOW" due to your traded value after learning about Bitcoins suddenly value increments?

Well not just on P2P transaction, technically that's how the order book on the trading platform work. You can actually 'negotiate' with the market price, you can sell above or below the market, and then eventually if the people/market decide that your price is actually reasonable then price will go up and your order will be completed, meaning some other trader will buy your bitcoin that you sell on the market.

So in that sense, Bitcoin transaction in any type of exchange is actually negotiable.

[Husires]

One of the most important conditions for currency is that there should be no differentiation between the same denomination. If you have 1 dollar that was printed a week ago, another 10 years ago, and another that is full of dust, then these dollars must have exactly the same value as the value of the dollar that you pay to buy groceries and the dollar that is used to launder money.

If there is differentiation between the same category, the currency will collapse, so there are no clean, dirty, and virgin Bitcoins.

[Peanutswar]

If that happens the price of the bitcoin becomes one of the people collectable assets and does still have market volatility but in demand, if that item becomes people's favorite in the auction surely the price gets become millions and for sure people who collect this would like to have the physical bitcoin itself and not use digital asset because how can you flex a thing that you cant even touch but if still digital i guess not too much worth it to have it unless there's a perks of it like the other projects have their own coins and people have this enjoy something because they are holding.

[jrrsparkles]

You are free to set your own price for any crypto not just bitcoin, if it is over the market price then people have no reason to pay a higher price than the current price so your order will wait until the market hits that price.

Basic demand and supply concept will be applied for pricing any asset in the world which varies according to the geolocation too.

[sunsilk]

There is the market, and this market is free and we, the people are setting the price based on the demand from the factors that sets the price.

You're free to name your price for the Bitcoin that you own but as much as you can see, there's the market price and that's being followed by everybody.

You can set a high price and wait until someone is willing to buy at that price or negotiate it depending on the platform if it's allowed to message the seller/buyer.

[avikz]

I was just wondering if Bitcoin would still portray potential values of trusts and reputable goals of interest.

I am not sure what has anything to do with the trust and reputation of Bitcoin if the traders are allowed to negotiate the price. Price negotiation is a very normal process in trades. P2P platforms did not have such options just to streamline the process and make it transparent for everyone. This way they can ensure that traders get the fair value out of their trades.

But surely it has nothing to do with the trust and reputation of Bitcoin. It's a free market and given a chance people would love to negotiate a better price than market and that's quite normal.

[hatshepsut93]

Bitcoin is a currency and currencies are supposed to have an exchange rate. It can slightly differ between different exchanges, but only slightly. Although I remember seeing some exchange services that offered the price wildly below the market, like 30% lower, but I don't know who would even use them - probably some newbies who just stumbled upon them on google without doing proper research. But most people who are selling BTC will be looking for the most optimal price, so the price in general will always converge between different exchanges.

[oktana]

But this isn’t any different from how trades happen today. The only difference is that what you’re saying is P2P so it does go directly from the seller to the buyer. But don’t forget that just as they decide their price in P2P, people set their sell price on exchanges. If you set your price at $100k, someone will set theirs at $90k and some even lower. Buyers will still go for the cheapest possible. So it doesn’t really make a difference.

[Husires]

But most people who are selling BTC will be looking for the most optimal price, so the price in general will always converge between different exchanges.

Supply and demand is what creates value for the price. If I am the only one who sells Bitcoin in exchange for, for example, the Venezuelan Bolivar, then I will certainly be the one who sets the price if there is high demand. Also, the possibility of there being expected inflation for its currency will make investors prefer to invest in Bitcoin, even at a price higher than the market price. For fear of a decline in the value of the local currency, which happened in Turkey when exchange rates were changing daily, the average selling price of Bitcoin against the Turkish lira was much higher than the real exchange rate.

[TheUltraElite]

P2P orders are priced against ongoing market prices, you cannot "name your price and get away with it".

Most of the OTC deals going on are also at 10% markup. P2P dealers are not going to loss positions after selling, so you can assume the same type there too. That "Had I known" has very little effect here.

But there is also the fact that 1BTC = 1BTC, so why vary the cost when speaking in terms of USD? This is because of lack of liquidity of bitcoin compared high liquidity of fiat.

[tygeade]

P2P orders are priced against ongoing market prices, you cannot "name your price and get away with it".

Most of the OTC deals going on are also at 10% markup. P2P dealers are not going to loss positions after selling, so you can assume the same type there too. That "Had I known" has very little effect here.

But there is also the fact that 1BTC = 1BTC, so why vary the cost when speaking in terms of USD? This is because of lack of liquidity of bitcoin compared high liquidity of fiat.

That sort of depends on the amount and the buyer/seller as well. I mean you think someone buying 1 million dollars worth of bitcoin at OTC markets would have to pay a 10% markup? Of course not, but when yo udo it for 1000 dollars, that is a very big possibility, so it all depends on the amount. If I go to someone who already is a very wealthy person, and ask to buy a million dollars worth of bitcoin that they have, they may charge me only 10 grand, they do not need much anyway, and feel like that is enough.

However, if I need to sell my coins urgently, and someone who doesn't need it, ends up taking my money would ask for a lot of markup. Whereas, if I have enough, and someone is selling urgently, like I am on the other side, I could get the markup to be much lower, even profit from it. It all depends on the situation.

[FanEagle]

But most people who are selling BTC will be looking for the most optimal price, so the price in general will always converge between different exchanges.

Supply and demand is what creates value for the price. If I am the only one who sells Bitcoin in exchange for, for example, the Venezuelan Bolivar, then I will certainly be the one who sets the price if there is high demand. Also, the possibility of there being expected inflation for its currency will make investors prefer to invest in Bitcoin, even at a price higher than the market price. For fear of a decline in the value of the local currency, which happened in Turkey when exchange rates were changing daily, the average selling price of Bitcoin against the Turkish lira was much higher than the real exchange rate.

It doesn't matter what is the exchange of our item, but it was always the seller who sets their price. The buyer is only the one who negotiates but it was still up to us if we will agree with it or not. BTC supply is limited and it was valuable. You may not be the only one who will sell it but there are only a few people who does, so its price will also be more valuable than a regular currency, most especially if it was deteriorating already like the Venezuelan Bolivar.

There are still assets apart from BTC that Venezuelan people can invest. But, the only thing about them is that they are not dual purpose as BTC where it can also act as a currency for immediate spending/use.

[dothebeats]

It is still happening right now. Binance's P2P feature lets sellers put their price on each of the coins that they own. Some are willing to go 5% lower than the daily trading average, while others are posting 1-3% above it. Of course, people would surely choose coins that are priced lower than average, but that's extremely rare even if it's a rush sale.

If I had a considerable amount of bitcoins, I'd probably be one of those people who will try to keep my prices on the higher side of things. I may not end up receiving cash for it, but at least I know that its price will continue to appreciate over time even if there will be no buyers for my coins.

[Huppercase]

What if Bitcoin trading is individually negotiable based on the fact that it is a P2P transaction system, would there still be periods of time for regrets with the regrettable emotional saying "HAD I KNOW" due to your traded value after learning about Bitcoins suddenly value increments?

Bitcoin isn't a sort of assets where you can see some fracture that can make the price to be negotiable. It's not like gold where you could see some having some impurities. You will see some have rating of 99% purr gold and some having some metals combine with it and such aren't price well. If you have a kg of that, you can't sell at the rate with the one that is pure but bitcoin doesn't exhibit that characters, 1 bitcoin is equal 1 bitcoin.

I thought about this because I have seen sceneros where conventional traders regrets why they didn't over charged their customers on certain stocks due to the stock price has increased or it has been a product of treasures (scarcity).

It is just funny and tussling to think about how Bitcoin holders would be arguing of their stocked Bitcoins that " I have an original and reliable Bitcoin that is more authentic than the others do, I would sell mine at $100K others wailing to sell at $89K, $50K $30K, $95K, $20K practically based on individual influences in the Bitcoin marketing industry just like the normal stock markets.

I don't know that stock you are talking about but even in trading, there is order book where traders set there trade and everyone set limit in accordance to what they wish to buy. Logically, I think we have that in trading because if you scroll round the order book or buy and sell, you will see that some traders has orders in around $5000 per bitcoin, it's funny as you said but try and look into it and you will be surprised that this orders exist in order book.

I was just wondering if Bitcoin would still portray potential values of trusts and reputable goals of interest.

Value is in the mind and subjective but I think Bitcoin is rare and that is why it doesn't get priced like the way other assets can be price on. It's rare and something like it has never been done. IMO if not for the government hates toward this assets, the growth would have pass this level.

[franky1]

if bitcoin was individually negotiable as a P2P

you would see that in the pacific islands (japan/hawaii) electric cost of mining is multiples more than eastern EU/slavic/west asia

right now a group of miners can mine btc at $25k/btc
right now a group of miners can mine btc at $140k/btc

so you would see different peer groups in local area's negotiating at different local rates. and then doing deals internationally to take advantage as middlemen between localities

(numbers not accurate, just rough guide based on electric prices of regions+hardware)