31 sats \ 0 replies \ @P2P_bitcoin 27 Nov 2022 \ on: Sunday Survey: How do you buy your Bitcoin? bitcoin
Every person that voted that they buy bitcoin "peer-to-peer" means that they bought from someone else who is selling bitcoin "peer-to-peer". Right now, during this bear market, there are not a whole lot of sellers, so buyers are generally finding they must pay a hefty premium above the spot-market price.
So if you would like to see more bitcoin P2P trading occur (which helps the bitcoin ecosystem), and have access to bitcoin sold at, or near, spot price (e.g., from Strike), consider helping to provide liquidity in the P2P marketplaces by selling bitcoin (at a price above spot) and then replenishing for the amount you sold by buying back at the spot price on your centralized exchange or wherever you obtain your bitcoin.
A little profit earned from doing that can be put right back into adding to your stack. But what it also does is help bring liquidity to the P2P marketplaces, which is very much needed, as well as to cause more bitcoin to become HODL'd than if those P2P trades didn't happen. The P2P buyers aren't swing traders. They buy and then they stack. When they can, they buy some more and they stack some more.
So you providing additional liquidity helps to cause more bitcoin to be removed from the exchanges, which helps put upward pressure on the bitcoin exchange rate.
tl;dr: Want to see "number go up"? Provide sell-side liquidity on P2P marketplaces so that the HODLers that buy using them can buy more.