February 2022
1 min read

February 2022

February 2022 trading recap
February 2022
Photo by Art Rachen / Unsplash

This month I was surprised to receive an unsolicited email from a Bisq trading partner. They obtained my email from my Zelle account details. They sent this email to everyone bcc'd, but imagine if it was accidentally cc'd instead? A bit of a privacy concern. The lesson here is to use an email address that is not linked to your identity.

A highlight this month was the fact that there are people selling at 0% premium. I picked up a few offers like this. I didn't really test my end of month thesis because I pretty much tapped out all the money I wanted to buy bitcoin with by the middle of the month.

I'm not sure what March 2022 will bring in terms of price, but at the moment, it's looking like there's an upward trend. I may stick to the $1,500USD plan for March 2022 and the remainder of the year.

Amount acquired this month: ~0.13BTC.

The standout for this month was that the maximum premium I paid was 1.5%. The vast majority of the trades was for 0% premium, so I acquired no-kyc bitcoin at spot price, which is great.

Again, this month I went well over my $1,500USD budget for acquiring non-kyc bitcoin. I mostly used Bisq, did not use HodlHodl at all. I think Bisq is probably the better platform for me. I also took up a trusted counterparty who exclusively earns in bitcoin on an offer they made to me privately.

Lessons learned:

1. Be careful with the email address you use on your fiat account. Use a cloaking service or create a non-identifying one and use that.

2. Non-KYC coins can be acquired with 0%-2% premium - you just have to be patient. It also requires active attention and regularly checking Bisq for good trades.

3. If you don't want to keep checking, put an offer up and someone will eventually bite. Note, Bisq needs to be up and running on your computer.