Bitcoin Forum

Economy => Trading Discussion => Topic started by: grondilu on October 08, 2010, 11:22:45 PM



Title: trading bitcoins on eBay ?
Post by: grondilu on October 08, 2010, 11:22:45 PM
Yeah I know it might sound silly but why not ?

It would be a no-brainer way to acquire bitcoins.  Plus, it would give audience, and thus help promote the bitcoin system.


Title: Re: trading bitcoins on eBay ?
Post by: MoonShadow on October 09, 2010, 12:04:10 AM
Or craigslist.  But the problem is that in both cases the seller of bitcoins must initiate the auction, and must assume most of the risk since there is no present evidence that there would be enough bidders on Ebay for the offered lot of bitcoins would fetch anything near the market price.  I've tried to put up an add on Craigslist to buy bitcoins, and never got any bites.


Title: Re: trading bitcoins on eBay ?
Post by: SmokeTooMuch on October 10, 2010, 12:33:29 AM
you can sell them at a fixed price or make a start price that seems acceptable for you and you potential customers, but anyways ..
i guess ebay forbids to trade currencies.


Title: Re: trading bitcoins on eBay ?
Post by: Babylon on October 10, 2010, 10:45:55 AM
you can sell them at a fixed price or make a start price that seems acceptable for you and you potential customers, but anyways ..
i guess ebay forbids to trade currencies.

bitcoin is not a currency.  Currencies are backed by governments.


Title: Re: trading bitcoins on eBay ?
Post by: Anonymous on October 10, 2010, 11:04:35 AM
Ebay owns paypal and doesnt accept any other payment method or is unlikely too do so.


Title: Re: trading bitcoins on eBay ?
Post by: Babylon on October 10, 2010, 11:08:24 AM
Ebay owns paypal and doesnt accept any other payment method or is unlikely too do so.

I don't think the goal here was to use bitcoins to buy things on e-bay.  It was to sell bitcoins on e-bay.

And they actually do accept other payment methods,  depending on the seller's preferences.  I doubt bitcoin is going to become one of those though.


Title: Re: trading bitcoins on eBay ?
Post by: MoonShadow on October 11, 2010, 04:12:48 AM
you can sell them at a fixed price or make a start price that seems acceptable for you and you potential customers, but anyways ..
i guess ebay forbids to trade currencies.

bitcoin is not a currency.  Currencies are backed by governments.

fiat currencies are backed by governments.  The backing of any institution, or none at all, doesn't change the nature of a currency; only potentially it's public faith.


Title: Re: trading bitcoins on eBay ?
Post by: Babylon on October 11, 2010, 04:45:22 AM
you can sell them at a fixed price or make a start price that seems acceptable for you and you potential customers, but anyways ..
i guess ebay forbids to trade currencies.

bitcoin is not a currency.  Currencies are backed by governments.

fiat currencies are backed by governments.  The backing of any institution, or none at all, doesn't change the nature of a currency; only potentially it's public faith.

Is that how e-bay defines it?  I know you can trade gold and silver on e-bay,  I'm pretty sure you can sell Reichsmarks and confederate dollars on E-bay.


Title: Re: trading bitcoins on eBay ?
Post by: Anonymous on October 11, 2010, 06:16:55 AM
Has anyone taken into account the fees on ebay?

Just checked and it costs 0.30c to list and they take 5% of the final price.





Title: Re: trading bitcoins on eBay ?
Post by: FreeMoney on October 11, 2010, 06:24:39 AM
Has anyone taken into account the fees on ebay?

Just checked and it costs 0.30c to list and they take 5% of the final price.


Maybe sell a small amount and follow up with an email saying you'll sell more anytime and even at a better price since there is no fee?


Title: Re: trading bitcoins on eBay ?
Post by: grondilu on October 11, 2010, 06:26:15 AM
Has anyone taken into account the fees on ebay?

Just checked and it costs 0.30c to list and they take 5% of the final price.


Yeah indeed.  eBay's fees are outragious.




Title: Re: trading bitcoins on eBay ?
Post by: S3052 on October 11, 2010, 06:28:07 AM
good idea!

In terms of categories, you could put it under "coins". It is less suspicious and there are also a lot of real silver and gold coin traders around who are an ideal target group as well.


Title: Re: trading bitcoins on eBay ?
Post by: FreeMoney on October 11, 2010, 06:44:54 AM
good idea!

In terms of categories, you could put it under "coins". It is less suspicious and there are also a lot of real silver and gold coin traders around who are an ideal target group as well.

Mmm, I think it might be more likely to be considered a scam there. Everyone else gets a hard piece of metal and all I got was some data added to the end on a database....


Title: Re: trading bitcoins on eBay ?
Post by: Anonymous on October 11, 2010, 08:02:00 AM
good idea!

In terms of categories, you could put it under "coins". It is less suspicious and there are also a lot of real silver and gold coin traders around who are an ideal target group as well.

Mmm, I think it might be more likely to be considered a scam there. Everyone else gets a hard piece of metal and all I got was some data added to the end on a database....

I tried selling a bitcoin bundle on a local australian ebay type  site and they pulled the listing because I wasnt allowed to link to an external site apparently.





Title: Re: trading bitcoins on eBay ?
Post by: MoonShadow on October 11, 2010, 06:25:37 PM
you can sell them at a fixed price or make a start price that seems acceptable for you and you potential customers, but anyways ..
i guess ebay forbids to trade currencies.

bitcoin is not a currency.  Currencies are backed by governments.

fiat currencies are backed by governments.  The backing of any institution, or none at all, doesn't change the nature of a currency; only potentially it's public faith.

Is that how e-bay defines it?  I know you can trade gold and silver on e-bay,  I'm pretty sure you can sell Reichsmarks and confederate dollars on E-bay.

I don't know how ebay defines it.


Title: Re: trading bitcoins on eBay ?
Post by: S3052 on October 11, 2010, 06:28:33 PM
lets try again. if anyone offer BTC on ebay, I will buy some.

1000 BTC for 0.089 USD each


Title: Re: trading bitcoins on eBay ?
Post by: mpkomara on October 11, 2010, 07:40:50 PM
0.089 ebay USD/BTC vs 0.089 mtgox USD/BTC.

To any arbitrageur lurking in the forums.  If you have a USD balance within Mtgox, i think you should

1) sell 1000 ebay bitcoins and collect 89 ebay dollars today
2) invest 89 dollars today in an interest bearing account for 180 days
3) use 89 of your non-withdrawable-for-180-days mtgox dollars to buy 1000 bitcoins

The interest rates in this arbitrage may be low, but the idea is the same: mtgox dollars are not withdrawable, so mtgox bitcoins should be trading at a premium to regular bitcoins.  If mtgox dollars suddenly are withdrawable via paypal or a new solution, then mtgox bitcoins should trade at the same price as regular bitcoins.  Or more accurately, if expectations shift to reflect that mtgox dollars will be immediately withdrawable, then mtgox bitcoins should trade at the same price as regular bitcoins.










Title: Re: trading bitcoins on eBay ?
Post by: S3052 on October 11, 2010, 07:43:47 PM
Interesting..

It could also be that prices of Mtgox BTC's and herewidth all BTC's will surge heavily once adding funds to Mtgox will be possible again, as so  many folks want to buy BTC's.