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.
Topic: What would be your stance if Bitcoin price was individually negotiable as a P2P - page 2. (Read 196 times)
January 12, 2024, 01:13:39 PM
January 12, 2024, 12:53:16 PM
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.
Basic demand and supply concept will be applied for pricing any asset in the world which varies according to the geolocation too.
January 12, 2024, 09:04:29 AM
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.
January 12, 2024, 09:00:29 AM
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.
If there is differentiation between the same category, the currency will collapse, so there are no clean, dirty, and virgin Bitcoins.
January 12, 2024, 08:02:04 AM
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.
January 12, 2024, 06:00:02 AM
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.
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.
January 12, 2024, 05:12:19 AM
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.
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.
January 12, 2024, 04:51:08 AM
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.
January 12, 2024, 03:52:53 AM
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. 
January 12, 2024, 03:25:44 AM
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.
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.
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