Bitcoin Forum

Why would anyone sell on an exchange when you can get 8% more cash selling to this guy:
https://medium.com/bitcoin-is-the-future/get-8-more-cash-when-you-sell-your-bitcoin-bad3542457cd

In fact, this is an immense arbitrage opportunity.  At these prices you can make about $27 per Bitcoin that you buy on an exchange and sell to him.  The only requirement is you must do at least 10 BTC.  So that means there should never be any sells on exchanges that are greater than or equal to 10BTC or the seller is an idiot.

I don't have more than 8 BTC :(

But for 8% would be worth take a short term loan

Go for it.  Since he's using Bitcoinaverage to set his price, you're going to get the price *after* your buy too.  This guy eats any slippage.

Yeah, I'm gonna trust this guy. He has a short little description of a service, with spelling and formatting issues, a blurry picture as his background, and a complete lack of background info!

It's just some guy waiting for a big deposit and hes gonna pocket it.

I am skeptical that he is running some kind of scam. I would speculate that he is going to ask you to send your bitcoin to him first and then he would not pay you. There is no real reason why he would offer such a premium like this when you can easily get a discount buying on LBC if you are providing liquidity   

Yeah, with 0 feedback and no OTC rating, he must be legit! Let me send him all my BTC, because we know that nobody ever scams anyone in bitcoin world!

Spelling and grammar issues everywhere. He clearly doesn't speak English natively and is claiming to be located in England.

Maybe I should fly to London and check this thing out.   What you guys think the chances are that the exchange rate wont go up by 7.5%  in the week it'd take to sell 300BTC and get the cash back on the exchange?

This thing has SCAM written all over it.

- Mail the guy on secure-mail.biz which happens to NOT log IP adresses or keep track of the person using it.
- Big transaction (cos you won't do it twice ;))
- You get money AFTER sending them coins.
- P2P no middleman so no chance in hell you're getting your cash or btc back.
- Google doesn't give any information on the company

Just saying it's fishy....


But then again if you have 100k coins it's a nice way to turn it into cold hard cash ;)

might be legit, might be scam. anybody in London wanna check him out?

https://twitter.com/BTCMarketMaker

I am a Dr. Heinrich Vollmer, aka Nigerian Prince , I buy/hack bank account logins and transfer you $$$ + 8% , you gimme your BTC.

Guess which transaction is not reversible?  ::)

Why does the Doc not use Bitstamp like any other buyer?

Over 5k tweets within the last week on his twitter profile spamming about buying bitcoin above market price.
Totally not fishy....

Doctor of what now?

Total scam.. he may actually pay the first bunch of people, but will probably start goxing once he convinces some big players.

http://youtu.be/_nVk25ZvTkU

Not everyone uses exchanges.