Quote from: bitmover on Today at 02:25:06 AM

Quote from: Agios on August 18, 2020, 05:30:19 AM

In this exchange, asset prices are not “regulated” by the exchange manager, but directly by the users. In principle, a peer-to-peer (P2P) exchange is a crypto asset exchange that is similar to an online shop, aka a marketplace.

Bullshit.

There is no such thing as a manager regulating prices in exchanges.

So you think you will buy bitcoin cheaper from someone else? And who is the idiot that will sell you bitcoin below the price? If you find someone who wants to sell bitcoin for 6k , you can be 100% sure you are going to get scammed.

Nobody will sell bitcoin for a price lower than the exchange price. This is because he can just sell at an exchange.

Yeah, I also felt like it wasn't the case with international exchanges that the prices were fixed... I mean, that's what makes Bitcoin different, isn't it? I'm pretty sure that BTC price on reputable exchanges is set exactly by buy and sell orders. You're mentioning a possibility of being scammed, and I agree it's very real. But I do think there are notable exceptions to buying Bitcoin at the market price. Namely, there've been reports from countries with very high level of governmental control where Bitcoin could only be bought or sold on a government-controlled exchange at set prices which differed 10-20% from the international market prices (still not that much and probably inaccessible to people who are not from that country). Unfortunately, I'm having troubles finding those reports, so maybe even that wasn't the case.