Bitcoin Forum

I'm able to buy btc for bitstamp minus 2 percent locally in Toronto. How can I make a decent income by selling btc?

Sell it Bitstamp +5% at Localbitcoins using non-reversible payment methods (western union, moneygram, cash deposits in your bank, etc...)

Just buy for less than the price on the market and sell for higher, you'll make profit from the difference.

You will have to find some sites (neteller, skrill, ukash, etc) that people find hard to cashout and buy with those... etc

This, except sell for bitstamp +20%, you make a lot more money that way.

Don't undercut the competition too hard, it hurts everyone.

You will have to learn everything else on your own but this is the way to do it.

Nothing is non-reversible when it comes to fiat. It's only a matter of how difficult.

Checkout what others are selling at eBay and compete...I think you got better rate than most out there.

Buy all the bitcoin in existence so you set the price and nobody can tank the markets constantly.

You'll be able to have the highest markups for resale via Localbitcoins. Otherwise, you could turn around and sell it through here or other online venues.

You would have to be pushing a lot of BTC to make an income though.

Short it

sell it to your local friends at current price +10%

-2% s not enough to you to make money after selling at market price. You need to be able to sell it at least +5% to have it worth of your time. Maybe localbitcoins.

sell over the counter or in person for 5-8% markup.

If you do $10,000 in volume you pocket ~$1,000

 You don't know how to make a profit selling BTC with 210 activity here ?

I think you're pretending to scam others

Just simply. buy low and sell high. or buy high but not payment or sell low but not delivery,....

How to sell Bitcoins if i don't have them? If i wanna sell and then to buy when Bitcoin cost will fall down??

You can always try some yellow pages option but I do not recommend this. It s often not safe.

What is yellow pages option?

"How to make a profit selling BTC ? " . anyone want to ask it , but no one brave enough to answer

please if you are putting any post please specify and give us a better details on how your products works thanks

what a good strategy!

Buy low - Sell high the common strategy for traders

I have question on this.  Say you buy bitcoin at say $250.  Let say you bought 20 of them so $5000 and you paid 1 percent fee to get it so $5050.  So you look at bitcoin price and let say after 2 days it goes up to $270.  Now you see you are up $20 per bitcoin and have 20 bitcoins so you are up $400 - $50 fee.  But if you want to sell thse $5400 in bitcoin, it will cost you 1 percent thus $54 correct?  Thus you would get $5346 in total.  Then of course you paid $50 earlier when you bought it.  So $5346-$50= $5296.


So basically in this situation, you make $296 in 2 days correct?


So isn't it good strategy to keep checking btc price and once it goes very high, immediately sell it?  Then wait for price to drop, then buy it.  Then wait for price to up then sell it again vice versa?  Of course it can keep going down but im curious if lot of ppl do this and if so, is there a way where you dont have to pay a 1 percent fee each time buying and selling since that eats up a lot of your profit assuming you keep buy/sell a lot such as every few days?  What about those ppl that buy/sell a lot everyday etc that has lots of bitcoin etc?

What is the question here? You just entirely asked a question and then answered it yourself...

this work only if the there are everytime big bubbles and then big crash, but this isn't the case, you see we are stuck there at 230-250...

many good traders rich in bitcoin can do good with shorting, so the fee for them isn't a problem

for example with the current price, who shorted at 250 and bought back at 230 would have gained 20, 1 % of fee is only 0.2....

Don't listen to anyone, that's how you loose.

 I'm waiting for a government to do just that. It will happen. The first tycoon figure that out will control the price
;)

The localbitcoins method is a great way to earn bitcoin on a regular basis guarenteed. Like me, after waiting 30 days after my first purchase with a verified credit card at coinbase, I have a 1,000 instant buy weekly limit which is plenty, because if you buy $50 worth, it doesnt take 7 days to go back to 1000, it grows back up...I think it's about $2 per hour...

I use a netspend card, and sell bitcoins for the netspend reload packs, or netspend flashpay, i dont ask for receipts or pictures, because I always turn the money RIGHT back into bitcoin..Ive never had a chargeback using this method. Over 1,000 trades.

Good luck!

Buying all the bitcoins in existence would definitely be pointless, because seeing that all the bitcoins are owned by only one entity, people wouldn't look for it and state a value of their liking for them to buy one, even if it's only a dollar. In short, bitcoin would lose its value if it's bought by a single entity. That would be a dumb move to make if you might ask me.

The main strategy is Buy low sell high. That is the main strategy that you can use , but there are some strategies that make you have a big profit in selling btc like If you sell a btc and your target price is 200$=1 btc (example) then make your selling price to 220$ so that if they make a bid or they want a discount you can make it 210$ OR 200$ . Now you have your target price and then if they not make a bid or discount you have a 20$ profit.

Buy all the bitcoins so you set the price and nobody cant talk shit about it

try to see when people is putting it on sale, track the price,time and buy if its on good price for you and sell it latter for bigger money

you are freakin lol , there is 14,097,425 BTC total amount of outstanding bitcoins worth 3,083,388,796 USD , you have to sell yourself.

Even if the millioner cant do that. And if you buy all thr bitcoin and you set the price of it? The bitcoin users will not agree with that. And also the government they not want to outweigh both of you and the bitcoin users.

I know the OP will never care to see this, but for discussions sake: Selling in markets where Bitcoin is uncommon is the best way to profit off BTC. In a few foreign markets where Bitcoin is highly valued due to multiple reasons, BTC can be sold at ridiculous markups because the demand for Bitcoin is too high and the supply just can't keep up. If you're entering this type of market you need to isolate yourself from other sellers which can be a problem. Notorious example is Ebay. We've all seen the ridiculous prices offered on Ebay that can range from a 20 to 30 percent increased price rate, and even at that they sell because the demand is huge. Like I said, it's all about the market. Find yourself a place where BTC is hard is highly valued and get straight sales at amazing rates for the seller.

sell them on localbitcoin(after you bought them on any other exchange or where you want), because due to the advantages that localbitcoin brings, you could set a higher price(something like 5-10), thus earning on your selling

I think it is not easy to find the ppl from the localbitcoin, who are willing to pay premium like 5-10. They can directly buy at market price from exchange.

Bitcoin cap and volume is huge. No one can easily control the price. You are placing the sell order at 220$. The other could possible place the sell order at 200$. And the buyers could pace buy order at 190$. So do you get my points?

It is common sense. But the fact is that most of the traders are losing money. I think the most important part is yourself. You should set your  buying price, selling price and how much you want to earn. Of course the plan should be applicable and persistent. No many ppl can achieve that.

yeah but it would be slower and not anon, also localbitcoin is more confortable to use in many zone, this is the reason why people are willing to pay more for that service

take a look at all the sellers, basically everyone is charging +5% at least, and i don't think that all those are not able to sell at the end....

If they not approved to your offer then dont sell to them find another costumer that will deal with you. This strategies need a patient but it can make you a big profit. If they dont want your price find another buyer . Thats it.

Best way to easy earn is arbitrage.

mmh no, i don't think so, arbitrage gains are meaningless, unless you move something like 1k btc or more, but this is too risky for a newbie

I think arbitrage is so hard for newbie, they dont know how to do it. I think faucet is the best way for newbie but the greatest way to earn is to join signature campaign.

I disagree, it is such a simple concept; buy on low exchanges, sell on high exchanges. The only thing that you may encounter problems with are the fees.
Faucets are not used to earn money, faucets are supposed to allow you to get a grip with bitcoin, to allow you to learn how to use it. The only people making
money from faucets are it's operators.

I know that its a simple concept but we are talking about newbies. They are beginner they dont have any idea what will they going to do.

Agreed. Localbitcoins is the way to go. Best payment method to accept would probably be a bank transfer. No chargeback and funds appear fast.

You will find it difficult because you likely don't have a good enough rep to sell at the higher rate on local bitcoin, also I have seen the OP is probably not old enough to have a bank account to trade. 15 year old scammer so I hear from a good source. Using just bank accounts now is dangerous unless you want to be questioned what the money is for/from that regularly goes in your account. I sell in cash in person and you get more out of the trade just not as many willing to buy in my local area yet.

You can make a profit selling BTC simply by cross checking BTC prices that different exchanges and customers are ready to pay... and then you can just go with one you find the most profitable...
You can also wait when the value of BTC exceeds the cost of your investment and then just go for it...
selling at +20% might also be a good way.

it's getting harder and harder to switch between exchanges you need a quick method. All the exchanges i used are synchronizing because more and more people do this.