Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Trading on March 07, 2013, 11:22:28 AM



Title: I'm buying alternative coins
Post by: Trading on March 07, 2013, 11:22:28 AM
I'm buying alternative coins already traded on an exchange. I'll pay with bitcoins. But will accept only offers under the market price; so, I'm just a way to cash them out fast and easily.


Title: Re: I'm buying alternative coins
Post by: maunderingcabal on March 07, 2013, 11:48:40 AM
Isn't that the point of an exchange... people can already cash out, if they do it under the ask price they lose out for no reason and you try to profit from scamming people?


Title: Re: I'm buying alternative coins
Post by: Trading on March 07, 2013, 12:30:16 PM
I'll accept: Litecoin, Namecoin, PPcoin, Terracoin, Devcoin, IxCoin, NovaCoin and Freicoin.


Title: Re: I'm buying alternative coins
Post by: DarkHyudrA on March 07, 2013, 12:32:48 PM
Isn't that the point of an exchange... people can already cash out, if they do it under the ask price they lose out for no reason and you try to profit from scamming people?

Not exactly a scam, but trying to profit from dumb people.


Title: Re: I'm buying alternative coins
Post by: nethead on March 07, 2013, 12:34:36 PM
lol you are totally retarded op


Title: Re: I'm buying alternative coins
Post by: Warry on March 07, 2013, 12:40:03 PM
Bit of a weird story.. I can offer Litecoin or XRP though, but I won't go first..


Title: Re: I'm buying alternative coins
Post by: Trading on March 07, 2013, 12:43:17 PM
I sent you a message, Warry.


Title: Re: I'm buying alternative coins
Post by: Trading on March 08, 2013, 01:43:32 PM
I'm online, receive your bitcoins in one or two minutes.


Title: Re: I'm buying alternative coins
Post by: xorxor on March 08, 2013, 04:34:58 PM
WTF OP ? 

Ill make it simplier , if you consider seling coins to OP below market, go to exhange and do it with market price. then simply send me coins you wanted lost to OP, or i make a better offer, send 50% , you will get a lowet risk and cheeper deal.


Title: Re: I'm buying alternative coins
Post by: Trading on March 08, 2013, 08:46:39 PM
I'm going to try to explain this in very basic terms: alt coins have a big spread between bid and ask. I won't buy at the ask price, if that is the last market price and the seller wants to sell me at the ask price. So, instead posting an order at the ask price and perhaps wait for days before selling, a seller can try sell to me bellow the ask price/market price (if the ask price was the price of the last trade).


Title: Re: I'm buying alternative coins
Post by: Bettor on March 08, 2013, 10:27:52 PM
How much are you offering for freicoin right now?


Title: Re: I'm buying alternative coins
Post by: Trading on March 08, 2013, 11:40:08 PM
Sent you a message.


Title: Re: I'm buying alternative coins
Post by: xorxor on March 09, 2013, 08:42:21 AM
I'm going to try to explain this in very basic terms: alt coins have a big spread between bid and ask. I won't buy at the ask price, if that is the last market price and the seller wants to sell me at the ask price. So, instead posting an order at the ask price and perhaps wait for days before selling, a seller can try sell to me bellow the ask price/market price (if the ask price was the price of the last trade).



You don,t have to explain anything, simply use correct terms. anything between ask and bid is a market price, so you do not want to buy "below market",  You corrected it to "below ask" and now its ok
cheers


Title: Re: I'm buying alternative coins
Post by: Trading on March 10, 2013, 05:27:46 PM
I'm online and buying: receive your bitcoins in one or two minutes.