Topic: Bisq deals advisory (Read 642 times)

Come and get that Bisq GBP liquidity you always wanted:

https://bisq.network/markets/?currency=btc_gbp

Most briefly, it's too complex compared to a web-centralized exchange, because it's so unique.

Those who cannot handle Bisq idiosyncrasies we don't try to convince anymore; they will only understand the stick lessons by their local governments, once those gangsters inevitably come to loot all those in centralized exchange databases for unpaid "taxes" and "suspicious" txs.
Some of us, also had to learn that lesson the hard way, at such early places as MtGox and Conbase (aka Coinbase).
The difference was that there were no decentralized, non-custodial online exchanges, such as Bisq, back then for the early adopters of Bitcoin!

Government is so profitable a business, because the majority only follow the lesson of the stick; even the carrot is usually "too complex" and not enough for them...

@Crypto Carabao Group

People in this place are often talking nonsense. I can cite the example this week of a person saying that Bisq is too complex to use. 
It already illustrates the fact that the person has never tried it and is just repeating baseless points.

How is Bisq too complicated to use? People just need to enter a few details like their bank details and click a few buttons to buy or sell. There is all the necessary documentation on the site. Besides, it is much easier to use than most trade engines when you think about it.

When it comes to using Facebook, they know everything perfectly with the eyes closed. If Bisq is complicated then people should stop using the internet.

We tried recently to inform the local Africa thread here regarding Bisq advantages and African arbitrage opportunities, but were deleted as unapproved advertising.
It's run by a local centralized exchanger, who is obviously not interested in anyone in Nigeria using anything other than his own "currency exchange service".

We've been involved in promoting it anywhere we could in several countries for a couple of years, and many Bisq insiders have done much more active marketing and advertising. So, it's certainly not for lack of trying.
We think those who don't know about it after 4 years of existence are simply distracted by an avalanche of misleading, self-serving scams, including at this forum, which present themselves as "decentralised".
 Additionally, they simply don't see Bisq's advantages as useful to them. Marketing, advertising, and even DAO BSQ incentives can't change that willful ignorance.

We think the biggest promoters of Bisq are actually government regulators, particularly FATF, and their Orwellian policies; the more they do, the more popular Bisq will be.
Those of us who lived Bitcoin's first big pump in 2011, remember that it was right after American senator, Schumer, did an infomercial about the evil of Silk Road and Bitcoin's involvement in it.

How I wish I was in Nigeria 🤗 Do we have any active Nigerian Traders in this community?

They are all actually web browser based and direct to use just like LocalCryptos or Local bitcoins. They are also mobile device friendly unlike Bisq. It's definitely one of the reasons Bisq is so far unpopular despite being the true decentralized P2P platform.

Secondly, I also feel Bisq hasn't been well marketed or advertised. Very few traders know about it and it's advantages.

I actually have no clue where they went, I suspect LocalCryptos (which in my mind is the platform that is most close to LBC in terms of look and feel), but I actually don't really have evidence of this. I haven't tried any of the ones in your list up there so wouldn't know.

And yeah, Bisq users do put themselves through a lot of pain... it's really inconvenient for people on the move and not on the same device all the time (like me). And yeah, the support could be stronger, but like you said, it's still a lot of challenges (and BSQ I'm not sure, I don't really see it reviving).

Some moved to bisq. We think most moved to other web-based platforms, such as hodlhodl, paxful, remitano, because for them it's essential to be able trade from mobile devices. Also, Bisq still doesn't support SegWit, the API is not finished, and other shortcomings, which are significant even for current Bisq users.

There are initiatives to make all that possible in Bisq network, but not enough support from devs or funders. Bisq devs get compensated with Bisq DAO native token - BSQ - as you know. Its value in BTC and fiat has been going down since the Bisq DAO began.
https://bisq.network/markets/?currency=bsq_btc

So, need more support from informed bitcoiners, which hasn't arrived yet, even with the BSQ incentive.

Thanks! I actually did NOT know that, even though have used bisq, but doesn't look like a solution for me yet.

Yeah I love the work people behind Bisq do, spoke to one of the founders before and these are all the unsung heroes.

Bisq volumes, yeah, always an issue, they tried to do market day in 2018 IIRC, I thought once LBC started KYCing some people would move here but it hasn't seemed to happen so far. P2P in the wings!

Thank you for the suggestion; Bisq has a mobile notification app:
https://docs.bisq.network/bisq-mobile.html#notifications
It's not perfect, as Bisq itself isn't yet, but it's a work in progress that works, if you have your own Bisq node.

Here, we are trying to inform those that don't even know Bisq exists as an arbitrage option or why they should go  through the trouble of using it.

I occassionally look for deals like this, have you ever thought about signing up a specific channel on Telegram or something with subscriber alerts specific to different currencies? Like 1 channel only for Rand, 1 for whatever. I'd definitely sign up for a signal for my local currency.

And I agree with you, we should make p2p great again;) It STILL is, to be fair!

Finally got the chance to read the details; it did turn out to be just FUD for whatever reason.
From the same article:

So, the precautionary thing to do is to instruct the buyer of BTC (the money order sender) to send along with it a signed note with the same name as that on the money order, which states that he understands that this money is for a Bitcoin purchase of transaction # whatever it is(Bisq will tell you), and there is No Refunds.
AND, cash the money order, BEFORE you release the BTC from Bisq's escrow.

You can tell the buyer to send the signed note through the messenger within Bisq, as soon as your offer is taken, or by contact information provided in the trade by the buyer.
If he refuses to include the note, you'll know something is suspicious. Open a dispute, and get the Bisq mediators and arbitrators involved.

If you are the buyer, this is not even a risk, because you are an honest person, who wouldn't reneg on the trade.

It's funny, but true and related story:
since this big arbitrage spread started, one of our traders was doing a real-time tutorial test trade for a new associate in US to walk him through a real trade.

She put the new test offer on the book, but before her student was able to take it, some other unrelated guy grabbed it, even though it was higher than spot rate!
I wish we had a recording of it to prove, but she didn't expect lurkers either!

So, if you put up a good deal, it doesn't take long, because ALL traders like good deals.

Nevertheless, it's true that Bisq is not  for the impatient , scalp trading, or HF trading;
it's meant for maximum privacy and censorhip-resistance.

I wanted to carry out a quick exchange, so I could not afford to wait for days or weeks before I could be able to exchange off the BTC for fiat.

Understandable. How do you think any such platform can become popular, if most in your country have the attitude that they will not use a platform until it becomes popular?

Why didn't you put up "a good deal" offer in your country, to see if anyone would take it?

The problem with P2P platforms is liquidity. If there are not so many offers in the platform. Very many traders will tend to ignore it, won't be able to see great deals in there which may pop up later and will instead go for platforms that have so many offers in them even if they have strict KYC procedures (Read Localbitcoins). It's something that has continuous effects until some day, the platform becomes popular.

Personally, the last time I visited Bisq was several months ago, obviously I couldn't get a good deal at that time and there were very few traders with offers from my Country, I opted for another platform which I currently use.

When was the last time that happened to you on Bisq?
If never, then try to do that, and tell us here what happened, if successful.
Or at least, try to find a case when that happened on Bisq, and tell us the details.

Otherwise, you're just spreading FUD to get your posting numbers up.

If it is possible to request a refund, why you need to use bisq? 

Decentralization has no meaning that the user can successfully complete the transaction and request that the amount be recovered after several days.
Decentralized exchanges are good when you want to send cryptocurrencies as the process cannot be reversed and a refund is requested.

For days or even weeks now, someone is offering thousands of USD way over spot on Bisq!
Where are the USA OGs and other US traders, who are always talking about the need for decentralization in Bitcoin trading?!
Why don't more of them support or use the most decentralized and non-custodial BTC2Fiat exchange in the cryptosphere?

Get % over spot in many markets, and make markets without competition in most fiat currencies:
https://bisq.network/markets/

Telegram bot:
https://t.me/bisqbot

Matrix network:
#bisq:matrix.org
#bisq.network:matrix.org

WTF are the USD arbitrage artists?!
Wish we had opportunities like that in our territory and currency.  

If you're not familiar how to use:
https://bisq.network/getting-started/

Why use Bisq among so many other platforms?
https://bitcointalksearch.org/topic/m.53726647

Make p2p Bitcoin trading great again!