1KHNmKRGrc8VvogxC8vEiL71zpho5CHnU2 (24077) ·
Our financial regulatory agencies are corrupt and are protecting special interests from competition.
Our on-ramps are blocking our freedom to buy ape and shua.
How to help: support an OTC for buying Bsv for $usd p2p
Please comment, and branch!
Replies
13c6cFSWuBpwLzTK6dopvYQb4fFgAqfHBt ·
From what I’ve seen it’s impossible to buy BSV in the US for less than 5% over the quoted price that you see everywhere. Very reminiscent of silver, and probably for the same reasons
16RWrumxKd8NGCSpaQATUVUSoUBe5s3vVV ·
Has anybody tried voyager yet?
They support BSV.
They are using a broker model that might combat this issue, somewhat.
https://www.investvoyager.com/app/the-broker-model
13c6cFSWuBpwLzTK6dopvYQb4fFgAqfHBt ·
I looked at it, but they don't let you take custody of your coins
13c6cFSWuBpwLzTK6dopvYQb4fFgAqfHBt ·
So yeah, important caveat: the quoted price you see everywhere is the "paper BSV" price, where they give you a discount for not actually taking "physical delivery" of your coins. Again I think this parallel with the metals market is not accidental
13c6cFSWuBpwLzTK6dopvYQb4fFgAqfHBt ·
AFAICT when you buy BSV on Robinhood or whatever, no actual BSV is being tied up, so it doesn't actually move the market. The lower price for paper BSV encourages people to buy it over the real thing, which makes it easier to keep the price suppressed
13c6cFSWuBpwLzTK6dopvYQb4fFgAqfHBt ·
Robinhood, Voyager, etc. allow you to "bet" on BSV passively from the sidelines without actually influencing its price. They on the other hand are betting against BSV and are using the paper/physical price discrepancy to ensure their preferred outcome
13c6cFSWuBpwLzTK6dopvYQb4fFgAqfHBt ·
On FloatSV they quote you one price when you're browsing, another price when you actually go to buy. This second price is the true current price of BSV for all intents and purposes
1KHNmKRGrc8VvogxC8vEiL71zpho5CHnU2 (24077) ·
Dood I'd happily pay over spot...
1KHNmKRGrc8VvogxC8vEiL71zpho5CHnU2 (24077) ·
I can buy paper bsv all day long guys. I need the real thing [biden voice] c'mon man!
I'm starting to find it troubling there's no p2p market. Yall good with your corporate on-ramps? Where's all the airdrop bsv? Hoarded?
13c6cFSWuBpwLzTK6dopvYQb4fFgAqfHBt ·
Yeah that's probably the bigger issue, that many can't buy it at all :/
1KHNmKRGrc8VvogxC8vEiL71zpho5CHnU2 (24077) ·
As an aside- I like voyager for usdc interest yield.
13c6cFSWuBpwLzTK6dopvYQb4fFgAqfHBt ·
Idk much about this but presumably it's some kind of local regulatory law that is preventing BSV exchanges from working for you? And the same law would probably apply to an individual trying to sell you BSV directly?
1KHNmKRGrc8VvogxC8vEiL71zpho5CHnU2 (24077) ·
I think the exchanges willingly delist bsv because it's counterfeit bitcoin and they don't want investors to be scammed into it.
Individuals are not licensed to sell but who cares. send payment via venmo, cashapp, whatever.
13c6cFSWuBpwLzTK6dopvYQb4fFgAqfHBt ·
That's the nominal reason, but I don't think even they believe that nonsense.
Yeah that probably works for a small # of ad-hoc transactions