There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist.
Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately 130k that same year. In reality, all I was doing getting professional advice.
the source of the coins DOES matter and can make the coins frozen at some point in future when depending on where you sell it and where it originated from (number of hops), maybe the seller used some mixing service and you get mixed coins that could be flagged, typically those that come from a hack.
Because of Bitcoin's immense divisibility, sats from 'tainted' transactions are spread all over the BTC network worldwide. Most Bitcoin ends up getting tainted. So it's a total wash.
The seller's reputation is built up by either burning BSQ, creating a BSQ bond, or transferring account age information from Bisq 1. Succesful trades don't contribute to reputation.
@@IanMajor I thought it was a bit weird too. But it makes sense when you follow the money. Bisq contributors are paid in bitcoin, but only indirectly via the BSQ "colored" coin; BSQ is sold for bitcoin. But of course for a contributor to sell BSQ there must be a buyer to take the other side of the trade. Up until now the main incentive for holding BSQ was to use it to pay for Bisq trading fees. When BSQ is used instead of bitcoin, the trading fee is lower. By requiring Bisq Easy sellers to effectively stake BSQ to gain the necessary reputation, a new market for BSQ was created. This additional demand for BSQ should make it easier for Bisq contributors to exchange their BSQ compensation for bitcoin, which in turn makes contributing to Bisq more attractive.
Since I’ve already bought all my Bitcoin through centralized KYC exchanges is it worth it for me to switch to buying from Bisq or other non KYC if I’m only buying small amounts? Usually like $100 worth each time.
I've seen no indication that it wouldn't, and especially given that you can carry it over from Bisq 1 I have to imagine there will be continuity between the beta and final release of Bisq 2!
Ian. Question : if I buy on Bisk, do I still encounter the risk of having a KYC BTC ? I suppose yes. But since I am not buying from an exchange , it becomes anonymous when into my cold wallet ? Please élaborate on that . Many among us do not understand. Me the first . Thank you !
So let’s say I Ian Major buy some bitcoin from an exchange. That exchange knows that I bought that bitcoin and when I withdraw it that exchange can connect my identity with that address. Let’s now say you buy that bitcoin from me on bisq (obviously you don’t know it’s me). So I send my bitcoin to your address. While that bitcoin was KYC’ed for ME, it’s not KYC’ed for YOU because at no point did you put your identity into bisq. Does that make sense?
@@IanMajor so thee trace is …lost ? Would it make sense to send a kyc or even a Bisq transaction to a Lightning wallet and send back 1 full UTXO to that ssme wallet abd from there to a cold wallet, since lightning is more anonymous ?
Appreciate the kind words! It's insane how much is happening, and even for someone like myself who is in this all day everyday it's hard to keep up. I typically cover those types of developments in either my monthly digest videos or sometimes I'll do deeper dives on them (I've done one on Sovryn in the past). I'm planning to put the next monthly digest out next week and will hopefully hit on some of these (although there's a lot to cover w/ mining as the halving approaches), so if these don't get a bunch of airtime this time around I'm sure I'll cover in the next monthly digest
I have looked into bisq, but find it unwieldy for my purpose. With BTC now in the upper 5 figures, buying sub $100 equivalents of BTC seems impractical for BTC trading (as opposed to stacking/hodling). Would appreciate a video on non-KYC BTC day/swing trading. Nonetheless, cheers and well done.
Appreciate the comment. I don't cover day/swing trading on my channel, but I'm sure there are good knowledge sources out there! If you want to do that with non-kyc bitcoin, I imagine you'd probably need to do something like wrapped BTC in some sort of DEX in another crypto ecosystem
@@ikust007yes that's exactly right. You have plausible deniability: someone auditing your Fiat account does not know that the money was involved in a BTC exchange at all, as long as you don't write any related comments in the comment field
Ian i have a quick question! :) So let's say that i buy bitcoin in Basq2, then if i send my cripto to my account in binance or Bybit or any other Centralized Exchange, and then make profits there, and after that i want to sell my cripto in Basq2 again... i don't have any type of KYC from the exchanges sending info to my goverment Country?? Thanks
Hey there - you should assume that any centralized exchange will keep records of how much you deposit, trade, and withdraw, and you should also assume that they will share that information with whatever government entity who asks for it. If you’re concerned about privacy, I would recommend having two completely separate categories of bitcoin - one that you buy and trade on centralized exchanges and one that you buy/sell on Bisq.
Wow, looks like there is potential here but I will pass on 5-15 percent premiums(unless I am the seller). I have looked at Hodl Hodl as well. I just find this process to be un appealing, so many payment methods and I really do not want to have to chat with a seller or buyer. This still a great backup if things get bad with KYC.
Yep important for people to be aware of the options that are out there. I'm hopeful that fees get more competitive over time as more users come onto the platform (which would also increase the likelihood of finding your preferred payment method). But definitely will take some time
You can create your own buy and sell offers. Just put up a buy offer for market price or even lower, and you'll get someone to sell to you. It's not immediate like on Binance or other big exchanges, but it will happen if you let it sit for a day or so.
Great question and interestingly I can't seem to find one. Found the following but it doesn't appear that there was a resolution to this: github.com/bisq-network/ops/issues/5
It’s good for people who want to acquire Bitcoin without providing all their personal information to regulated, centralized entities. Definitely not good for buying in size until and unless it grows significantly as a platform. I imagine it will remain relatively niche though. If you don’t care about giving all your info away, then this of course will not be relevant.
There is no Non KYC or KYC bitcoin. There is only bitcoin. But you might be able to buy bitcoin with or without going through KYC. Bitcoin is fungible. The language we use is important.
The language we use IS important. Bitcoin is NOT fungible. Which UTXOs would you rather have control over? Ones resulting from a recent mine? Or ones that have been flagged by the US DEA?
@@StuffBudDuz You are confused. You are confusing traceability with non fungibility. Yes, the blockchain shows the whole history and all transactions can be traced. But 1btc = 1btc. That's fungibility.
Fungible at the protocol level, absolutely. Fungible when human interpretation comes into play, provably not as evidenced by the different responses you've gotten to this comment. I agree language is important but don't think "non KYC bitcoin" in a video title is doing a disservice to the community here.
What is the best strategy to succeed in the market now for someone with more or less than £5000?
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist.
You need someone who gets the market and can execute trades perfectly
Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately 130k that same year. In reality, all I was doing getting professional advice.
You need someone like stephany Reuben
how do I connect with Steph? I would appreciate if you show me how to go about it.
the source of the coins DOES matter and can make the coins frozen at some point in future when depending on where you sell it and where it originated from (number of hops), maybe the seller used some mixing service and you get mixed coins that could be flagged, typically those that come from a hack.
Because of Bitcoin's immense divisibility, sats from 'tainted' transactions are spread all over the BTC network worldwide. Most Bitcoin ends up getting tainted. So it's a total wash.
The seller's reputation is built up by either burning BSQ, creating a BSQ bond, or transferring account age information from Bisq 1. Succesful trades don't contribute to reputation.
Thanks for the clarification. Hopefully that changes as successful trades not counting towards reputation is pretty nonsensical.
@@IanMajor I thought it was a bit weird too. But it makes sense when you follow the money.
Bisq contributors are paid in bitcoin, but only indirectly via the BSQ "colored" coin; BSQ is sold for bitcoin. But of course for a contributor to sell BSQ there must be a buyer to take the other side of the trade. Up until now the main incentive for holding BSQ was to use it to pay for Bisq trading fees. When BSQ is used instead of bitcoin, the trading fee is lower.
By requiring Bisq Easy sellers to effectively stake BSQ to gain the necessary reputation, a new market for BSQ was created. This additional demand for BSQ should make it easier for Bisq contributors to exchange their BSQ compensation for bitcoin, which in turn makes contributing to Bisq more attractive.
Great video, gonna share with all my friends so they can have a better option to buy non kyc. 💯
🤝
Since I’ve already bought all my Bitcoin through centralized KYC exchanges is it worth it for me to switch to buying from Bisq or other non KYC if I’m only buying small amounts? Usually like $100 worth each time.
thanks for your efforts🌹
Thank you for your risk taking :)
🍻
Thanks for the tutorial! Does the reputation score from the beta carry over to the final release?
I've seen no indication that it wouldn't, and especially given that you can carry it over from Bisq 1 I have to imagine there will be continuity between the beta and final release of Bisq 2!
Epic channel brother!
Thanks man! 🙏
Ian. Question : if I buy on Bisk, do I still encounter the risk of having a KYC BTC ? I suppose yes. But since I am not buying from an exchange , it becomes anonymous when into my cold wallet ? Please élaborate on that . Many among us do not understand. Me the first . Thank you !
So let’s say I Ian Major buy some bitcoin from an exchange. That exchange knows that I bought that bitcoin and when I withdraw it that exchange can connect my identity with that address. Let’s now say you buy that bitcoin from me on bisq (obviously you don’t know it’s me). So I send my bitcoin to your address. While that bitcoin was KYC’ed for ME, it’s not KYC’ed for YOU because at no point did you put your identity into bisq.
Does that make sense?
@@IanMajor so thee trace is …lost ? Would it make sense to send a kyc or even a Bisq transaction to a Lightning wallet and send back 1 full UTXO to that ssme wallet abd from there to a cold wallet, since lightning is more anonymous ?
I like you're content. I wonder how you feel about all the intersting stuff that going on with Runes, Sovryn, and BoB.
Appreciate the kind words! It's insane how much is happening, and even for someone like myself who is in this all day everyday it's hard to keep up. I typically cover those types of developments in either my monthly digest videos or sometimes I'll do deeper dives on them (I've done one on Sovryn in the past).
I'm planning to put the next monthly digest out next week and will hopefully hit on some of these (although there's a lot to cover w/ mining as the halving approaches), so if these don't get a bunch of airtime this time around I'm sure I'll cover in the next monthly digest
I have looked into bisq, but find it unwieldy for my purpose.
With BTC now in the upper 5 figures, buying sub $100 equivalents of BTC seems impractical for BTC trading (as opposed to stacking/hodling). Would appreciate a video on non-KYC BTC day/swing trading.
Nonetheless, cheers and well done.
Appreciate the comment. I don't cover day/swing trading on my channel, but I'm sure there are good knowledge sources out there! If you want to do that with non-kyc bitcoin, I imagine you'd probably need to do something like wrapped BTC in some sort of DEX in another crypto ecosystem
Absolutely don’t see the point of using them if I have to KYC the money?
How would any of those payment methods know what you bought?
@@IanMajor probably I don’t understand … ok. Wait . I send the money directly to the gentleman , and not to Bisq …? Is it that ?
@@ikust007yes that's exactly right. You have plausible deniability: someone auditing your Fiat account does not know that the money was involved in a BTC exchange at all, as long as you don't write any related comments in the comment field
@@EdGeFaLL pretty good answer ! Thank you !
@@IanMajor thank you for all !
Ian i have a quick question! :) So let's say that i buy bitcoin in Basq2, then if i send my cripto to my account in binance or Bybit or any other Centralized Exchange, and then make profits there, and after that i want to sell my cripto in Basq2 again... i don't have any type of KYC from the exchanges sending info to my goverment Country?? Thanks
Hey there - you should assume that any centralized exchange will keep records of how much you deposit, trade, and withdraw, and you should also assume that they will share that information with whatever government entity who asks for it. If you’re concerned about privacy, I would recommend having two completely separate categories of bitcoin - one that you buy and trade on centralized exchanges and one that you buy/sell on Bisq.
Hello Ian , Do you know how I can recover my deposit that is blocked in bisk, do you have any tutorial on this, thanks in advance. good day .
Hi - what do you mean by "blocked" exactly?
Thanks!
Appreciate the kind support!
Robosats or bisq2?
Tough - I would probably vote bisq2 but it has admittedly been a little while since I’ve used Robosats and the experience even then was excellent
Does it work in the USA?
Yep
@@IanMajor what is the maximum amount I can deposit?
Link for the trading cards?
Here you go! btc-tc.com
Wow, looks like there is potential here but I will pass on 5-15 percent premiums(unless I am the seller). I have looked at Hodl Hodl as well. I just find this process to be un appealing, so many payment methods and I really do not want to have to chat with a seller or buyer. This still a great backup if things get bad with KYC.
I found 1% fees a few times. Patience and perseverance.
Yep important for people to be aware of the options that are out there. I'm hopeful that fees get more competitive over time as more users come onto the platform (which would also increase the likelihood of finding your preferred payment method). But definitely will take some time
You can create your own buy and sell offers. Just put up a buy offer for market price or even lower, and you'll get someone to sell to you. It's not immediate like on Binance or other big exchanges, but it will happen if you let it sit for a day or so.
IM, does bisq has an onion page?
Great question and interestingly I can't seem to find one. Found the following but it doesn't appear that there was a resolution to this: github.com/bisq-network/ops/issues/5
Premium seems too high, no?
It’s not too bad from what I’ve seen in Bisq 1 - over time though you’d expect to see it improve with more liquidity (ie more competition)
😂 they should have called it Bisquick 😅
This looks pretty bad. Sketchy and too small. What good is a couple hundred bucks in BTC?
It’s good for people who want to acquire Bitcoin without providing all their personal information to regulated, centralized entities. Definitely not good for buying in size until and unless it grows significantly as a platform. I imagine it will remain relatively niche though. If you don’t care about giving all your info away, then this of course will not be relevant.
Good move towards wealth ❤❤ plsi need friends to join me in
Use Linux brother.
I know, I know 😭
Just curious, what would Linux be better with?
There is no Non KYC or KYC bitcoin. There is only bitcoin. But you might be able to buy bitcoin with or without going through KYC. Bitcoin is fungible. The language we use is important.
The language we use IS important. Bitcoin is NOT fungible. Which UTXOs would you rather have control over? Ones resulting from a recent mine? Or ones that have been flagged by the US DEA?
utxos might be fungible addresses aren't? That's the OFAC bitcoin list for; and many other blacklists.
@@StuffBudDuz You are confused. You are confusing traceability with non fungibility. Yes, the blockchain shows the whole history and all transactions can be traced. But 1btc = 1btc. That's fungibility.
Fungible at the protocol level, absolutely. Fungible when human interpretation comes into play, provably not as evidenced by the different responses you've gotten to this comment. I agree language is important but don't think "non KYC bitcoin" in a video title is doing a disservice to the community here.
@@IanMajor Hey, following your logic, since I made a comment about it then it must be doing a disservice to the community? 🤷
not easy to use,,,
An improvement on Bisq 1. Maybe not yet for everyone