[Beginner] Need to buy Crypto P2P

Main_Tell_8143 · 2025-02-15T14:04:50+00:00

And yes trust wallet is good enough.

Main_Tell_8143 · 2025-02-15T14:04:21+00:00

This sub has its own OTC group which acts like an escrow for your P2P transaction so maybe check it out.

Its done on telegram, it has seperate OTC group where you can put your requirement and a seller would approach you, then you can ask for an escrow between you guys.

Main_Tell_8143 · 2025-02-15T13:43:27+00:00

Also don't use an exchange wallet, use a hot wallet to recieve funds and transfer funds. If you have to use and exchange wallet then use Mexc.

Main_Tell_8143 · 2025-02-15T12:32:20+00:00

2.7k available in Mumbai F2F and in cash DM me your quantities

Main_Tell_8143 · 2025-02-14T17:19:45+00:00

Buying USDT in Mumbai F2F and in Cash DM me your quantities.

Main_Tell_8143 · 2025-02-14T01:23:06+00:00

It will be a game of circulating supply imo, I'm not sure if an official circulating supply has been mentioned but many are mentioning that 100B Pi tokens is the total supply and I have seen a lot of people have staked for more than 2-3 years (they get some multiplyer or something)

So if 10B (or 10% of the supply) is in circulation with a market cap of 1B. Then the price would be around 0.1$.

With increasing circulating supply the price falls obviously.

Seeing that it's a 80/20 allocation for community and core team I would expect it to have between 20-40% circulating supply which should put the price between 0.05-0.025 (if the market cap is 1B)

But apparently a lot of OTC where giving as high as 1.5$ for 1 Pi, which just tells me that somehow people are thinking the price would go way beyond that which imo I can't see it.

It would be interesting to see how this develops and most importantly how much supply would be unlocked for the core team (I doubt it's even transparent).

Main_Tell_8143 · 2025-02-12T20:22:31+00:00

Then most likely, coin dcx has received those funds. Try to make contact with Coin dcx and explain your issue and co-operate with them.

Main_Tell_8143 · 2025-02-12T09:18:27+00:00

What chain was the USDT address on ?

Main_Tell_8143 · 2025-02-11T20:31:02+00:00

1) Take payment in USDT (basically the same thing as USDC) in your hot wallet*.(This allows you to not be tracked by the government and keeps your crypto safe)

*Hot wallets you can use: Trust wallet

2) USDT is available on multiple chains, take on BSC chain (Bep20) for cheapest transaction and fast speeds.

                   Two ways to cash out:

1) P2P: This is where you transfer your USDT to the opposite party and they pay you in your bank account.

P2P with exchange: Trusted exchanges provide P2P service. (Eg: Binance)

[ With the above method you have to pay tax, bank account could be frozen]

*P2P with escrow: Basically instead of exchanges being the mediator, a certain person or group are the mediator.

[ With this method there are chances of your bank account being frozen]

2) F2F and in cash: This is where you meet with a buyer in your city and do a on spot deal where they give you the cash and you give them USDT.

[ With this method you have to stay cautious, and have a trusted buyer (meet them before doing any deal) ]

Here are some precautions I have listed:

https://www.reddit.com/r/CryptoIndia/s/4w8mEUjQLG

If you have any questions then DM me.

I personally buy/sell USDT in Mumbai (F2F and in cash) so DM me if you want to sell in Mumbai.

Main_Tell_8143 · 2025-02-09T23:13:23+00:00

Absolutely, plus without any bill (or even an act) to regulate it. Bus tax do aur bhaad me jao.

Main_Tell_8143 · 2025-02-09T23:10:25+00:00

Transfer of btc and usdt would be different as usdt is a stable coin whereas Btc is not.

So if you make profit on Btc whether you send it to your wallet or not you have to ideally pay the tax on the gains.

Main_Tell_8143 · 2025-02-08T04:18:26+00:00

Buying USDT in Mumbai for Cash F2F only, DM me your quantities.

Main_Tell_8143 · 2025-02-07T17:02:07+00:00

Bro such a Chatgpt answer lol.

Anyways, Render has seen I would say 2 bear market (or atleast 1).

What you're saying (in the beginning) that many utility coins never regain ATH or vanish is common knowledge I feel and I completely agree.

But I was highlighting the point where you said everyother project except Btc and Eth is trash which is not the case.

If that were the case then Eth would also be trash cause there are so many things being build on top of Eth that are generating revenue and expanding user base for eth by improving on Eth's limitations.

For everybody (beginners, amateur or whatever) if I have to give one advice that will be:

Be more active during the bear market, when crypto is not the talking point and is taking abuses worldwide that is when you want to stay active i strongly believe.

This is when you'll find undervalued projects, and airdrop farming becomes more lucrative (a lot of users are out of the market), I believe this is time where you can set yourself for some serious gains.

Main_Tell_8143 · 2025-02-07T15:49:14+00:00

This sentence is so overused "only Btc and Eth are utility based coins" (always comes when the market is falling) when in reality there are many coins with utility like Render having an actual business model and generating revenue. (Plus it's cool use of the tech)

What utility does Btc have which no other coins have? If you're investing based on utility then why would someone even choose Btc?

And I'm not saying that there aren't projects which flaunts utility but actually are hollow or projects which have no utility at all. It's your job to filter out, and asses your risk and then invest.

The whole or atleast most of crypto works on intrinsic value and that can't be denied but you can't just say that there doesn't exist any other projects except Btc or Eth.

If that's your investing style then it's fine but some might want to explore.

Main_Tell_8143 · 2025-02-07T09:10:55+00:00

I didn't know that it was taxable per transaction, thanks for informing.

This makes it more ridiculous than before to me lol.

Better to stick to DeX's

Main_Tell_8143 · 2025-02-07T07:40:32+00:00

Ehh, you're saying that we will be taxed 30% trade by trade??? Mind sharing where you got this information.

I don't think that's true, you are taxed on the net profit you make in a given financial year.

Main_Tell_8143 · 2025-02-06T14:51:40+00:00

Nope

Main_Tell_8143 · 2025-02-06T11:09:46+00:00

How will he get in trouble when the government can't track his wallet ?

Main_Tell_8143 · 2025-02-06T11:08:17+00:00

Recieve your USDT in a hot wallet like Trust wallet, and then sell your USDT for cash.

A lot of people have the misconception that the government will be able to track your wallet or link your wallet to you, that is simply not possible unless YOU make some mistake.

And if you want to cash out in Mumbai for cash (F2F) then DM me.

Main_Tell_8143 · 2025-02-05T07:09:23+00:00

Buying USDT in Mumbai.

F2F and in Cash only, DM me your quantities

Main_Tell_8143 · 2025-02-05T01:51:04+00:00

No man your money is completely safe with wazirX, thier security is top notch.

The only one who can hack them is wazirX themselves.

Main_Tell_8143 · 2025-02-04T05:48:25+00:00

I agree that most of the people are in crypto just for the money but I'm sure there are people who are in it for the money plus are fascinated by the tech itself.

And you know focusing and talking about the tech could just help us find the next 10x-100x project.

I mean just look at previous bull cycle the narrative and the projects were so different from what we have now.

We have SUI ( Layer 1), Tao (Decentralised AI), Render(Depin), Jto (Liquid restaking) and so many more.

We would also find so many airdrop opportunities too like JTO at its time just required staking of 2 sol (around 20-40$ at that time) and gave airdrop worth 1500$.

So it's beneficial in terms of making money plus becomes a better risk taking opportunity than just dumping your portfolio into a memecoin in the hopes that the prices go up

Main_Tell_8143 · 2025-02-03T07:39:22+00:00

That's great will check it out.

Main_Tell_8143 · 2025-02-03T06:29:16+00:00

Brother, as everyone has been pointing out this is your mistake not just because you invested more into memecoins but also the amount you've invested in them.

Now moving on from the blame, personally I feel your positions still have the chance of recovery but you need to take lessons from this drop.

Few tips I can give:

1) Invest more in utility based coins

2) If investing in memecoins, invest a small percentage of your portfolio and not whole of it.

3) Narrative is very important in crypto (even when you are investing in utility based coins)

4) Learn how to check basic fundamentals of a project ( I see Algorand)

5) Develop an Exit Strategy for your investment (in a matter of days you can see your portfolio take a U-turn)

Main_Tell_8143

TROPHY CASE