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Author Topic: What would be your stance if Bitcoin price was individually negotiable as a P2P  (Read 196 times)
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January 14, 2024, 07:24:05 PM
 #21

In this scenario, the bitcoin price would differ based on the local group. Where the mining cost is lower the price of bitcoin would be lower there and in places where the mining cost is too high people would prefer to buy bitcoin from those regions where the mining cost is low. There would be a high spread in bitcoin price. Bitcoin would not be this well know and popular if people from all over the world can not buy or sell bitcoin in sceondary market.

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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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January 14, 2024, 10:19:35 PM
 #22

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?
As humans, it's normal to have that "Had I known" moments. That's life for you. Nonetheless, those who've express such should also factor in what could also be the reverse of their action if it went south. Only a few recognize that. That's when they say, "thank God, I sold earlier" If anyone will dwell on "had I known", then they shouldn't have any business being in business.

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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've the inkling that exchange rate will rally up or Bitcoin price will increase within a few hours after you've sold, it's better to hold on and not sell immediately. Every trader or investor is happier if they can get more out of something. However, you can only successfully do that when you aren't pressed for cash.

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January 15, 2024, 06:10:28 AM
 #23

There is a difference between saying that someone wants to sell 1 bitcoin for $44,000 and insisting on that, and another person wants to sell for $50,000, and the value of 1 bitcoin withdrawn from Coinbase being different from 1 bitcoin obtained from a coinjoin wallet.
P2P can give Bitcoin more than one value, and the values may be completely different from the current average price, but 1 Bitcoin is always equal to 1 Bitcoin. If someone tries to convince you otherwise, do not buy from him, as he is scammer.

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January 15, 2024, 09:07:52 AM
 #24

As humans, it's normal to have that "Had I known" moments. That's life for you. Nonetheless, those who've express such should also factor in what could also be the reverse of their action if it went south. Only a few recognize that. That's when they say, "thank God, I sold earlier" If anyone will dwell on "had I known", then they shouldn't have any business being in business.
You are right @Mpamaegbu. After a time of regrets there could be a time to be proud about
 Basically that could also be and when the time of "Had I Know" went South.
A lost opportunity of todays could be an opportunity for a better tomorrow.

If you've the inkling that exchange rate will rally up or Bitcoin price will increase within a few hours after you've sold, it's better to hold on and not sell immediately. Every trader or investor is happier if they can get more out of something. However, you can only successfully do that when you aren't pressed for cash.
I think the short term Investors would feel madness out of such because it might not be an intention to hodl longer than after an opportunity has passed-by without considering patient as a breaking through keys for better days are ahead.

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January 15, 2024, 09:46:08 AM
 #25

Instead of regretting buying Bitcoin P2P, it's better to buy Bitcoin on an official exchange. At least, we get a normal market price even though there is a possibility that the price will decrease after we buy. But we can avoid scammers who want to take advantage of this.

But people are free to buy and sell their Bitcoin wherever they like. Whether buying and selling using P2P or continuing to use the exchange as they have been using. So people will choose where to buy and sell Bitcoin based on convenience.

Those who buy and sell Bitcoin using P2P also follow the market price as a basis. Even if they raise the price above the market price, that's okay because some people will buy and sell their Bitcoins to them.

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January 15, 2024, 11:52:49 AM
 #26

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?
Yes we will always feel that regret no doubt about that. But as long as we are satisfied with our decision it is easy to accept the fact that it has happened and we need to moveon. That is why we improvise just because of that feeling.



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January 15, 2024, 11:54:11 PM
 #27

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?
Yes we will always feel that regret no doubt about that. But as long as we are satisfied with our decision it is easy to accept the fact that it has happened and we need to moveon. That is why we improvise just because of that feeling.

Do take note that even if it is already publicly traded in the market, we still feel regret for selling our satoshis.
So for me, there's no difference if you are using an exclusive p2p trading.
Because for aure, before you execute the order, you will also check the current price rate of this currency. It may deviate from the general price  but you have considerations of time and price rate at the time of trade.
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January 16, 2024, 12:17:01 AM
 #28

but 1 Bitcoin is always equal to 1 Bitcoin. If someone tries to convince you otherwise, do not buy from him, as he is scammer.

but.. if i moved my hoard.. no one bats an eyelid
if someone moved their 2009 mined coins.. it provokes a reaction
people do look at each coin differently

heck fiat is like this
if you get money at christmas from a relative the authorities do not care
if you get money from a drug dealer. the authorities do care

$10k from an employer is treated differently than $10k from relative, vs $10k from pension, vs $10k from selling a product vs $10k crossing a border

in bitcoin a fresh mined btc is differently than a blacklisted btc that was on silkroad and then went through a mixer. authorities do watch for these

if 1btc=1btc then mixers would be redundant and not used.. so why so much advertisements that mixers are needed

funnily enough i find those promoting mixers as scammers. wanting to lose their dirty coins onto innocent people they scam by saying all coins are the same to scam innocent people into giving away clean coins to someone handing them dirty coins
end result is innocent people told btc=btc get fooled into swapping, thinking there is no harm. but end up holding dirty coin and end up getting questioned and investigated if they use their now collected dirty coin with a service that watches for dirty taint

in short if someone says 2 statements together. they are deceptive
a. btc=btc (meaning mixers are not required as all coins are equal)
b. promote a mixer service and say even/especially innocent people should use it


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January 16, 2024, 07:31:41 AM
 #29

Even if it's negotiable, the price that someone will allow themselves to sell their bitcoin or buy a bitcoin will always be closer to the market price so there's really nothing that changes even if that's the case. And wouldn't the P2P also the cause for the market prices to move right? So even if it's going to make it negotiable, there's no way that people are going to sell it much lower.



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January 16, 2024, 07:43:05 AM
 #30

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.
The free market lets you to sell your goods for whatever price you want to set, whether other people want to buy your stuff for that amount is a completely different matter, this process in which sellers and buyers find an equilibrium among themselves is called price discovery, and it is why the price of everything is always changing, including bitcoin.

Besides just as there are people that wished they had sold their bitcoin for a higher price, there are many other people that bought at a bad moment and wish they had not done so, so there is not point on regretting selling for a price that was too low since there is nothing you can do anyway.
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