Soulexporter on Nostr: 1. If you buy Bitcoin on exchange -> direct influence on the demand on exchange >> ...
1. If you buy Bitcoin on exchange -> direct influence on the demand on exchange >> biggest NgU influence
2. buy on P2P exchange -> this is influenced by 1. (as putting in base price) if there is not enough sats on P2P exchange, premium goes up ->> convincing some people to go for the arbitrage opportunity (buying on KYC exchange, sell on P2P)
3. The price doesn't really matter, since it is only measured at the (KYC) exchanges 🤔 if you send to whatever online shop without knowing who is behind it, it might as well be sent to an exchange. As the market 'matures' there are companies (or handlers for those companies) that accept BTC payments but revert it instantly to fiat.
Those sats get then thrown together in a bigger company where KYC complience becomes more important.
IF we all trade with our F2F peers, this is truly the only way to see BTC as 'elecronic cash' 🤔
F2F I mean as: you at least met once F2F. Let's mint it here: Know Your Peer economy 🤣
Or maybe F2F means Fren2Fren instead of Face2Face ☺️
2. buy on P2P exchange -> this is influenced by 1. (as putting in base price) if there is not enough sats on P2P exchange, premium goes up ->> convincing some people to go for the arbitrage opportunity (buying on KYC exchange, sell on P2P)
3. The price doesn't really matter, since it is only measured at the (KYC) exchanges 🤔 if you send to whatever online shop without knowing who is behind it, it might as well be sent to an exchange. As the market 'matures' there are companies (or handlers for those companies) that accept BTC payments but revert it instantly to fiat.
Those sats get then thrown together in a bigger company where KYC complience becomes more important.
IF we all trade with our F2F peers, this is truly the only way to see BTC as 'elecronic cash' 🤔
F2F I mean as: you at least met once F2F. Let's mint it here: Know Your Peer economy 🤣
Or maybe F2F means Fren2Fren instead of Face2Face ☺️