Title: Localbitcoins Post by: Campsis on June 28, 2014, 06:34:28 PM Hi guys,
I was just wondering if anyone out there is actually making a living off by trading at localbitcoins? If so, how much do you make a week/month :) Title: Re: Localbitcoins Post by: Benjig on June 28, 2014, 09:00:23 PM Making a good profit of selling and buying bitcoins is difficult because the price swings, even if you put a large spread it wont be easy, anyway i think somebody could be making it.
Title: Re: Localbitcoins Post by: CAPTcoin on June 28, 2014, 09:12:09 PM It's very risky. But I've seen a lot of traders with a huge difference between buys and sells, and a lot of trades.
So with enough volume, it can be profitable. Title: Re: Localbitcoins Post by: oXo on June 28, 2014, 11:03:37 PM Does anyone know how well their escrow system works?
I've always been afraid of not being able to see disagreements in public and how they play out, which is the reason I still sell bitcoin undervalued... Has anyone ever been through a dispute with them? I think its safer to use a person for escrow instead of these random escrow sites. At least this way you can contact them directly to figure out the problem. Title: Re: Localbitcoins Post by: DannyElfman on June 29, 2014, 02:05:02 AM Making a good profit of selling and buying bitcoins is difficult because the price swings, even if you put a large spread it wont be easy, anyway i think somebody could be making it. You could potentially do it with leverage at an exchange. You would just need to be sure to watch your email to see when people accept your trades so you can execute a trade on your exchange account.Title: Re: Localbitcoins Post by: GreenCoin22 on June 30, 2014, 02:44:12 AM localbitcoin face similar transaction, but the site seems to be quite a high fee, the transaction did not go off.
Title: Re: Localbitcoins Post by: InwardContour on June 30, 2014, 05:06:53 AM Hi guys, I would doubt that you can actually make a living off localbitcoins. You could likely make "something" if you were to treat it somewhat like a 2nd job. I was just wondering if anyone out there is actually making a living off by trading at localbitcoins? If so, how much do you make a week/month :) Title: Re: Localbitcoins Post by: Habeler876 on June 30, 2014, 06:54:11 PM Personally, no, but I have traded with a couple people there who clearly provide liquidity and have 100+ feedback. They generally buy 3-7% below market and sell 3-7% above market. Seems like a good system for profit, but you could miss out on some big moves this way, not trading the swings on exchanges.
Title: Re: Localbitcoins Post by: DannyElfman on July 01, 2014, 04:31:22 AM Personally, no, but I have traded with a couple people there who clearly provide liquidity and have 100+ feedback. They generally buy 3-7% below market and sell 3-7% above market. Seems like a good system for profit, but you could miss out on some big moves this way, not trading the swings on exchanges. Even if they made 7% on 100 trades with an average trade of $1,000 then they would only make $7,000 in profitTitle: Re: Localbitcoins Post by: bitbaby on July 01, 2014, 08:34:44 AM Does anyone know how well their escrow system works? I've always been afraid of not being able to see disagreements in public and how they play out, which is the reason I still sell bitcoin undervalued... Has anyone ever been through a dispute with them? I think its safer to use a person for escrow instead of these random escrow sites. At least this way you can contact them directly to figure out the problem. I am on same boat as you, I can't get myself to trust them for some reason, I have read here and there about people who have had not so good experience trading there which is why so far I haven't done a single trade there. Title: Re: Localbitcoins Post by: InwardContour on July 03, 2014, 05:32:31 AM Does anyone know how well their escrow system works? I've always been afraid of not being able to see disagreements in public and how they play out, which is the reason I still sell bitcoin undervalued... Has anyone ever been through a dispute with them? I think its safer to use a person for escrow instead of these random escrow sites. At least this way you can contact them directly to figure out the problem. I am on same boat as you, I can't get myself to trust them for some reason, I have read here and there about people who have had not so good experience trading there which is why so far I haven't done a single trade there. Title: Re: Localbitcoins Post by: SunBin on July 03, 2014, 07:00:37 PM Personally, no, but I have traded with a couple people there who clearly provide liquidity and have 100+ feedback. They generally buy 3-7% below market and sell 3-7% above market. Seems like a good system for profit, but you could miss out on some big moves this way, not trading the swings on exchanges. Even if they made 7% on 100 trades with an average trade of $1,000 then they would only make $7,000 in profit$7,000 per day/week/month profit is a lot of money for many people here. Title: Re: Localbitcoins Post by: Benjig on July 03, 2014, 08:55:49 PM Personally, no, but I have traded with a couple people there who clearly provide liquidity and have 100+ feedback. They generally buy 3-7% below market and sell 3-7% above market. Seems like a good system for profit, but you could miss out on some big moves this way, not trading the swings on exchanges. Even if they made 7% on 100 trades with an average trade of $1,000 then they would only make $7,000 in profit$7,000 per day/week/month profit is a lot of money for many people here. But with the current price fluctuations i barely think someone would make that, i can buy today 10 btcs at -7%, but if the price drops 10% in two days, where will be the profit? Title: Re: Localbitcoins Post by: InwardContour on July 04, 2014, 01:50:32 AM Personally, no, but I have traded with a couple people there who clearly provide liquidity and have 100+ feedback. They generally buy 3-7% below market and sell 3-7% above market. Seems like a good system for profit, but you could miss out on some big moves this way, not trading the swings on exchanges. Even if they made 7% on 100 trades with an average trade of $1,000 then they would only make $7,000 in profit$7,000 per day/week/month profit is a lot of money for many people here. Title: Re: Localbitcoins Post by: bronco on July 04, 2014, 11:51:27 AM i will try to put end to this topic
https://localbitcoins.com/buy-bitcoins-online/usd/moneypak/ |