Bitcoin Forum

Economy => Currency exchange => Topic started by: Treggar on December 21, 2013, 07:02:11 PM



Title: [WTB] 0.5 BTC
Post by: Treggar on December 21, 2013, 07:02:11 PM
Looking to buy 0.5 BTC @ $320. 

Will pay with PayPal.


Title: Re: [WTB] 0.5 BTC
Post by: BurtW on December 21, 2013, 07:04:37 PM
Good one!  You're so funny. 


Title: Re: [WTB] 0.5 BTC
Post by: Treggar on December 21, 2013, 07:08:45 PM
Why is that funny?  It's the coinbase rate, I just don't have a Visa - only mastercards so I can't do instant trades.  Sucks to wait 5 days for a purchase.


Title: Re: [WTB] 0.5 BTC
Post by: monbux on December 22, 2013, 01:38:45 AM
Why is that funny?  It's the coinbase rate, I just don't have a Visa - only mastercards so I can't do instant trades.  Sucks to wait 5 days for a purchase.

Maybe because you just signed up and the chances of you easily scamming then running away are pretty high.
Don't act stupid.  If you're not trying to act stupid, then stop being stupid.


Title: Re: [WTB] 0.5 BTC
Post by: BurtW on December 22, 2013, 04:12:16 AM
Maybe you don't know this but if you buy something with PayPalsucks or any credit card or any debit card or even by ACH bank transfer then it is very easy to have the transaction reversed.  In other words these forms of payment are all reversible.

In almost every way Bitcoin is the opposite of all other forms of fiat money.  One of the main differences is that Bitcoin transactions cannot be reversed.

Because of this huge difference there is an easy, often repeated, scam:

1) Scummy Scammer buys Bitcoins from Honest Bob.  He pays with some form of reversible money (PayPalsucks, credit card, etc.)
2) Honest Bob send the Bitcoins to Summy Scammer.  Note this transaction cannot be reversed.
3) Now Summy Scammer goes to PayPalsucks or his credit card company and has them reverse the charge.  PayPalsucks and credit card companies always side with the buyer.
4) PayPalsucks or credit card take the money back from Honest Bob.

Honest Bob is screwed.

This is why it is almost impossible to buy Bitcoins with either PayPalsucks or credit cards.

I only sell Bitcoins for one thing:  cold hard cash in hand.  It is the only form of government fiat funny money that is not reversible.

So, if you want to buy BTC then:

1) Go to https://localbitcoins.com
2) Find a seller near you
3) Arrange to meet them in a coffee shop, bank or police station or where ever you feel comfortable
4) Give them the cash
5) They give you the BTC
6) Everyone happy


Title: Re: [WTB] 0.5 BTC
Post by: chrism1 on December 22, 2013, 05:24:07 AM
Any kind of exchange with bitcoin over the internet sucks if theres scammers. I do agree the majority of newbies here are scammers. Trust should be built over time and not large sums right away. A few $50 before big turst should be gained. Theres even a feedback system built here. I've been trying to buy .40 btc all day before xmas localcoins isnt any help and btcquick went down. All my moneys I have is a few thousand in my verified paypal account. I try and post here but not much luck. I dont care if I send you my ID. I thought that a good way to secure transactions is to make invoice, payment of physical object. That way if a scumbag does a chargeback for item not received you can send something and delivery confirmation will verify the shipment. The case closed&delivered