Bitcoin Forum

http://www.ebay.com/itm/1-Bitcoin-BTC-Bitcoins-Quick-Delivery-Bit-Coin-1-BTC-/321102143496?pt=LH_DefaultDomain_0&hash=item4ac32de008

It's true

Most of the Bitcoin auctions, BTC are going for $230+ on ebay.

As new adopters enter, it's only a matter of time for MtGox to catch up.

They are selling at a higher price for the ease of service I guess, paypal etc. Ebay doesn't predict the MT Gox price ; )

Yeah... I just mentioned something about that in your mt.gox thread. No way I was going for it. And they're taking quite a risk themselves as most were accepting paypal...

Ebay doesn't predict MtGox price in the same way difficulty doesn't predict price.

It doesn't directly affect it, but there is a strong correlation.

Difficulty moves hand in hand with price more than 90% of the time if you remove outliers.

Over 80% with the outliers included.

I'm sure it's not far off.

I really doubt those ebay auctions end up being successful deals. I think virtual goods are not allowed to be sold over there, and if the seller doesn't have proof of shipment and delivery then he loses any "item not received" case he's filed. That's a chargeback, he loses the bitcoins and the money he was paid. This is why bids get higher than expected, scammers just want to win those auctions to get those bitcoins in their filthy pockets.

Back in 2011 it was this way too... very high on ebay

There's a 10% fee for selling on Ebay and considering the risk of Paypal, $230 is pretty fair.