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Title: Buying/Trading qestions Post by: KryptoKat on October 28, 2013, 08:56:12 PM Hello I've been creeping around localbitcoin for a while as means for a possible investment. Decided I would just make an account and get down to business..
So I have the means to buy instant btc and then obviously I could sell them via localbitcoins, I've seen them go for up to +50$ markup..This intrigued me. Are the rates so high because people are making 1,000+ a week in trades or bc they get scammed so much? Is there any way that is scam proof? MoneyPak and bank transfers are the specific areas I am interested in. I have bought BTC using MoneyPak before and I got my coins, they got their money. However I had to send a pic of my ID, a note in the background, and also the ## on the MoneyPak. Do these steps secure the seller? Should I be requiring that much info if I accept MoneyPak? Basically I wanna get ~10 btc a day and sell it at a marked up price. Just wanna know the quickest and safest ways to maximize my profits. Title: Re: Buying/Trading qestions Post by: ekiro on October 28, 2013, 10:25:17 PM Hello I've been creeping around localbitcoin for a while as means for a possible investment. Decided I would just make an account and get down to business.. No such thing as 'scamming' with bit coins. Anyone can get scammed into anything for and with anything.So I have the means to buy instant btc and then obviously I could sell them via localbitcoins, I've seen them go for up to +50$ markup..This intrigued me. Are the rates so high because people are making 1,000+ a week in trades or bc they get scammed so much? Is there any way that is scam proof? MoneyPak and bank transfers are the specific areas I am interested in. I have bought BTC using MoneyPak before and I got my coins, they got their money. However I had to send a pic of my ID, a note in the background, and also the ## on the MoneyPak. Do these steps secure the seller? Should I be requiring that much info if I accept MoneyPak? Basically I wanna get ~10 btc a day and sell it at a marked up price. Just wanna know the quickest and safest ways to maximize my profits. Yes people make 1K+ per week trading on the high-n-lows. You just need multiple accounts with high-volume transaction limits. Buy your coins via bitstamp or coinbase. |