I am in Pakistan. Our options are limited to LocalBItcoins, credit cards and a local BC exchange. All these are non-viable for an investor due to huge margins. So I am currently trying to find a way to get my fiat onto one of the exchanges or buy through Bisq. During the process I’ve learned quite a bit about the problems people will one day face when governments get nervous about crypto.
Now I haven’t checked the order book today, but if I see the same margin as on LBS, creditcard btc sellers, or the local exchange in Pakistan, why would I use Bisq, or even run the app since it would slow down my PC. (I am a non-techie, forgive my mistakes about computers. But I am representative of the majority of the world.)
I have spoken to a couple of other BISQ users–I actually did that before joining–and they are full of praise. The problem they complain of is high margin and low liquidity. (They only buy when margins are really low or zero.) All of them want to support a decentralized exchange, but the exchange also has to offer something that may be supported. They are not willing to buy at a higher margin than what they can currently buy for. These Bisq users are from USA.
There’s also a thread on this forum about potential China users after the exchange ban. Thats a huge opportunity, but like me they too will eventually get tired and sit on the sidelines while BISQ either improves, or another decentralized exchange comes along.
My proposal is simply limit the margin to less than LBC and credit cards etc. As far as I’m concerned sellers and buyers on Bisq should be happy with a max 5% margin. Anymore than that will take buyers to other easier options.