Bitcoin Forum

i've been using localbitcoins and it's a pain.. sellers want a 1.05 multiplier, and buyers went .95..

what are some good alternative ways to unload coins? maybe trade via this site, or buy gift cards.. or what? i'm not sure if i want to take the exchange route.

also: i'm kind of confused by the "spot prices" of exchanges. i'm looking at localbitcoins on bitcoincharts.com, and it's showing the latest price as $311.. but when i log on to localbitcoins.com, the spot is actually something like $289.. can someone explain?

Trading off this site is not bad. Just try not to buy with any reversiable payment methods, such as paypal.  You will be highly frowned upon.
There is frequent trades happening by bank transfers and in person on bitcointalk, see here (once you get out of newbie jail)
https://bitcointalk.org/index.php?board=53.0

thanks, i was thinking about using this site.. could you answer my question about spot though?

it's common that coins are traded based on spot price right? but which exchange do people use? or is it an aggregated spot?
why is the "latest price" on bitcoincharts not the same as the spot on localbitcoins.com?

I think peer to peer exchanges are best. Avoid offical exchangers as they generally buy considerably less than spot and sell with premium. I have noticed that the price of bitcoins vary from site to site. This perhaps explains why.

Stop converting them to fiat.

Just spend them in the Bitcoin economy at places like www.bitcoinstore.com

I really like btcquick.com

I have 4100 to unload myself.  Privacy is important.   ;)

If you want to send them over to me, I have no problem getting things private! :D

I'm almost at 1.... :(

to O.P.

In my understanding spot price doesn't have to be the same. Usually there is a spread between what buyers want to pay and what sellers want to sell for. Spot price is theoretical number which could be used in calculating price of something else that depends on the price of bitcoin.

Just blow them at the casino.  That's my advice   :P

^ trading the coins is basically gambling with my coins. it's better than playing satoshi dice, since i get to learn the process.

yeah i might have to look into actually just spending my coins. after all, using the coins what it's meant for.. only problem is i'm not sure there are currently enough services that would accept bitcoin. besides, i can't spend bitcoins on everything.

iam using btcquick.com too  8)

gyft? best place to buy amazon stuff

why would you unload coins at the present time?
btc are bound to rise. I see no reason to convert into fiat unless you got financial difficulties in the dollarworld.

Any word yet on when MtGox becomes USA compliant so we can sell from there?

I doubt this will ever happen, but you dont miss much, they obviously not liquid after seized US bank accounts and it is a question if MtGox survives

OK, it looks like MtGox has registered with FinCEN but is involved with a breach of contract lawsuit with CoinLab. That might be complicating and delaying things.

you seem quite comfortable with the recent explosion of bitcoins.. but any time it triples within 1-2 weeks, there are bound to be plenty people who are concerned with a bubble.

Are you still concerned with that bubble thingy?

 :D

I've been having a lot of difficulties purchasing coins, I cant imagine how it is to unload them..

Have you tried localbitcoins?
It is the easiest one to use IMO.