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Title: Sell coins book profit, No fees on selling coins :) Post by: buysellbitcoin on November 11, 2013, 04:36:32 AM Dear users,
Dear users, Sell your coins (https://buysellbitco.in/sell), pay No fees, yes No FEES, (https://buysellbitco.in/fees) and book maximum profit, for next 2 days. Get paid in your bank account within 2 hours :) Bitcoin has crossed all time high in all exchanges and If you have invested in Bitcoin it is awesome time to book profit. To sweeten your profits, we added cherry on the cake :) Quote We have removed our fees on selling Bitcoin by 100% and now Fees are 0%, it means now when you sell coins to us you will give No fees. Please note that we are paying all orders via ICICI NEFT payment at the moment so you will receive funds in 2 hours. Our current prices are : buy : 25652* sell :Rs24709 You can always check our historical prices at Rate History (https://buysellbitco.in/market) This promotion will end on 15th Nov, so hurry now and book your well deserved profit. Please feel free to contact us on our Help Desk (https://support.buysellbitco.in) or call us if you need any help with above. Cheers, BuySellBitco.in (http://buysellbitco.in/) https://buysellbitco.in/Themes/BuySellBitco/Content/images/logo.png Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: Benson Samuel on November 11, 2013, 05:45:00 AM Nice!!
Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: inrbtcad on November 11, 2013, 06:43:04 AM Dear users, Now book profit and pay lowest fees possible :) We have reduced our fees for selling coins by 50% :o Now we charge you only 1.5% fees. Oh and we make it more sweet... Your loyalty discount will still apply on this fees, so you can get as low as 0.75% fees on your sell orders. So book profits now with lowest fees :) Cheers, BuySellBitco.in (http://buysellbitco.in/) https://buysellbitco.in/Themes/BuySellBitco/Content/images/logo.png Cheers....Is this a permanent change ? If it is, then it sure is a mark of a maturing industry. Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: buysellbitcoin on November 11, 2013, 06:47:22 AM Dear users, Now book profit and pay lowest fees possible :) We have reduced our fees for selling coins by 50% :o Now we charge you only 1.5% fees. Oh and we make it more sweet... Your loyalty discount will still apply on this fees, so you can get as low as 0.75% fees on your sell orders. So book profits now with lowest fees :) Cheers, BuySellBitco.in (http://buysellbitco.in/) https://buysellbitco.in/Themes/BuySellBitco/Content/images/logo.png Cheers....Is this a permanent change ? If it is, then it sure is a mark of a maturing industry. It is not permanent change, we will see the response and will analyze it again on Thursday. If we get expected response we will surely make it permanent :) Regards Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: devansh1991 on November 11, 2013, 09:35:39 AM I don't understand why buysellbitco has a 'fee' at all. Since price is being quoted by bitco itself whats the point in adding a 'fee' on top of the price you are selling at?
Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: Benson Samuel on November 11, 2013, 09:39:21 AM I don't understand why buysellbitco has a 'fee' at all. Since price is being quoted by bitco itself whats the point in adding a 'fee' on top of the price you are selling at? I would assume that separating them allows for better transparency and competitiveness on the API/ Price displays. Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: devansh1991 on November 11, 2013, 09:44:30 AM I did not get the point. Who decides the base price for charging the commission? Say I buy a coin for Rs.1000 and want to sell it at Rs.1200. Either i directly quote Rs.1200 as the price or say the price is 1150 and the 'fee' is Rs.50 .
Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: Benson Samuel on November 11, 2013, 09:46:04 AM I did not get the point. Who decides the base price for charging the commission? Say I buy a coin for Rs.1000 and want to sell it at Rs.1200. Either i directly quote Rs.1200 as the price or say the price is 1150 and the 'fee' is Rs.50 . Thats a business model choice, I would say. You can also say that you are selling it for 900 and add a 300 rs fee. Whatever sells is all. I guess that buysellbitcoin would have the correct answer. Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: devansh1991 on November 11, 2013, 09:53:32 AM The point I am trying to make is that you cannot charge a fee for your own goods but can only book a profit. No offence to bitco but i feel it misguiding the customers into believing that the price they are paying is 3%(or1.5%) more than the market value when they are actually paying much more than that.
Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: Benson Samuel on November 11, 2013, 09:55:38 AM The point I am trying to make is that you cannot charge a fee for your own goods but can only book a profit. No offence to bitco but i feel it misguiding the customers into believing that the price they are paying is 3%(or1.5%) more than the market value when they are actually paying much more than that. Whats the market value of Bitcoin in India? You can also say that he is playing on honest averages and that his buy rate is exactly what the claimed market rate is. Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: devansh1991 on November 11, 2013, 09:58:11 AM I don't want to start a silly argument, I had a doubt and I asked. If it hurts anybody, i'll delete my comments.
Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: Benson Samuel on November 11, 2013, 09:59:43 AM I don't want to start a silly argument, I had a doubt and I asked. If it hurts anybody, i'll delete my comments. Lol, not at all an argument. Just trying to explain out what I think that he is trying to do. And it is cool to raise these questions. Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: devansh1991 on November 11, 2013, 10:01:57 AM I am relieved :D. I suppose it is best left to the customers to decide !
Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: buysellbitcoin on November 11, 2013, 10:09:54 AM I don't understand why buysellbitco has a 'fee' at all. Since price is being quoted by bitco itself whats the point in adding a 'fee' on top of the price you are selling at? Hi, Reasons to have separate component on fees are several : 1. It gives you better competitiveness in price display. 2. It's more transparent to user's what we charge them. 3. It helps in accounting :) 4. It helps to have creative promotions run smoothly, like you can easily allow discounts on fees etc. I think the question you had because of the gap in buy and sell prices before adding fees. This thing almost every one gets wrong. If you think the exchange spot price is correct way to determine BTc prices than its a very wrong choice. We have very complex algorithm to decide on our prices. Normally people see only last trade price on exchange and thinks that it is bitcoin price they can get, but the perception is very wrong as last trade can be of only 0.01 BTC ( Normally those trades setup bull and bear traps and they artificially keep prices manipulated, and with such a small economy like bitcoin it is too easy ) and what you want to sell is say 10 BTC. You can not directly use Exchange last or buy rate, you must use Exchange buy side orderbook to accumulate the quantity you want to sell and see how much it gets you, which is always going to be lower than the last trade price. You will also have to add exchange fees, fees and charges required to move money in and out of exchanges, currency conversion charges in bank. We also add in various other factors which allows us to manage our risk profile when Bitcoin trading is volatile. We can assure you that if you will take final counting with selling or buying coin rates, our rates would be one of the best available in the market. And closing comments :) The current sell fees we are offering is lowest.. LOWEST you can get. I hope I was able to clear few of your concerns. Edit : And yes we give locked in rates for 4 hours. Thats a huge huge risk when you actually do business and considering volumes. Regards Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: devansh1991 on November 11, 2013, 10:52:34 AM I think the question you had because of the gap in buy and sell prices before adding fees. This thing almost every one gets wrong. If you think the exchange spot price is correct way to determine BTc prices than its a very wrong choice. You will also have to add exchange fees, fees and charges required to move money in and out of exchanges, currency conversion charges in bank. We also add in various other factors which allows us to manage our risk profile when Bitcoin trading is volatile. We can assure you that if you will take final counting with selling or buying coin rates, our rates would be one of the best available in the market. And closing comments :) The current sell fees we are offering is lowest.. LOWEST you can get. Have you ever come across a shop keeper who charges a commission on the goods he sells/buys ?? I don't see how exchange fee etc etc come into play coz u deal only with indian citizens. Factors allowing you to manage ur risk profile- this factor cannot form a basis of ur base price and should be included in your 'fee' anyways like i said let the customers decide :P Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: buysellbitcoin on November 11, 2013, 10:57:30 AM I think the question you had because of the gap in buy and sell prices before adding fees. This thing almost every one gets wrong. If you think the exchange spot price is correct way to determine BTc prices than its a very wrong choice. You will also have to add exchange fees, fees and charges required to move money in and out of exchanges, currency conversion charges in bank. We also add in various other factors which allows us to manage our risk profile when Bitcoin trading is volatile. We can assure you that if you will take final counting with selling or buying coin rates, our rates would be one of the best available in the market. And closing comments :) The current sell fees we are offering is lowest.. LOWEST you can get. Have you ever come across a shop keeper who charges a commission on the goods he sells/buys ?? I don't see how exchange fee etc etc come into play coz u deal only with indian citizens. Factors allowing you to manage ur risk profile- this factor cannot form a basis of ur base price and should be included in your 'fee' anyways like i said let the customers decide :P No worries :) I do understand what you are trying to say. Initially with buysellbitco.in we had fees included in our rates, but we evolved :) Any ways, lets agree to disagree :) Regards Title: Re: Sell coins book profit, Fees reduced by 50%, goes as low as 0.75% Post by: buysellbitcoin on November 12, 2013, 05:54:35 AM Bump for today, only 2 days left :)
Book profits now and pay lowest fees in Industry :) Regards Title: Re: Sell coins book profit, No fees on selling coins :) Post by: buysellbitcoin on November 14, 2013, 08:04:15 AM Now no fees on selling coins :o
Regards Title: Re: Sell coins book profit, No fees on selling coins :) Post by: inrbtcad on November 14, 2013, 09:18:16 AM Now no fees on selling coins :o Regards Wow. Now that is a irresistable offer. Cheers again. Title: Re: Sell coins book profit, No fees on selling coins :) Post by: nefron on November 14, 2013, 06:31:11 PM I did not get the point. Who decides the base price for charging the commission? Say I buy a coin for Rs.1000 and want to sell it at Rs.1200. Either i directly quote Rs.1200 as the price or say the price is 1150 and the 'fee' is Rs.50 . "It gives you better competitiveness in price display."is the prominent factor if u ask me. ppl will visit thinking the rates are cheaper, ofcourse can later decide on it. Title: Re: Sell coins book profit, No fees on selling coins :) Post by: subvolatil on November 14, 2013, 08:07:18 PM I did not get the point. Who decides the base price for charging the commission? Say I buy a coin for Rs.1000 and want to sell it at Rs.1200. Either i directly quote Rs.1200 as the price or say the price is 1150 and the 'fee' is Rs.50 . "It gives you better competitiveness in price display."is the prominent factor if u ask me. ppl will visit thinking the rates are cheaper, ofcourse can later decide on it. devansh1991 what you said is an ideal form of trading which can only be possible if there is a trading market, in India. right now the price determination is done by exchanges that are in other countries and it does not paint a proper picture of what the market force in India is like. I have always said that we can create a market force determination in India without a conventional trading market setup (Exhange), i.e to use this forum's Market section as a barometer, enforce a rule that makes the sellers and buyers to display the amt they are willing to buy and sell for . the mid point will be a current market price. Title: Re: Sell coins book profit, No fees on selling coins :) Post by: nefron on November 15, 2013, 11:22:42 AM I agree that no one has an estimate of active market size in india.
people who are trading(buying and selling to customers in india) btc, can u give us a rough estimate of avg.amount of btc u trade in a day or or week? americandesi and escrowms are actively selling right now i guess. Bangalore Hyderabad Mumbai Chennai Pune Delhi are only showing interest or say have awareness in btc in that order. Untill a big name/brand associates itself to btc the reach and growth will be poor as far as India is concerned. |
