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Title: Questions about localbitcoin. Post by: nick050183 on May 29, 2018, 02:19:29 AM I have recently started working with bitcoins. Have been doing a lot of research.
I have a small business and my biggest client always pays with bitcoins. I have been selling them on localbitcoins for paypal. Usually above market price. The question I have is how can people afford to do that? Now I understand some of these people are chargeback scammers and money launderers. But I would like to believe they are a very small %. (am i wrong?) So the people who are trading legit how do they make $ doing that? Whats stopping me from just buying endless btc at market value somewhere and selling it to them all day long? What is the catch here? Another question I have is what are some steps I can take to protect myself from fraud when dealing with localbitcoins and paypal. Is it even possible? Thank you ahead of time. |