Bitcoin Forum

i would like to buy $1000 in BTC from an honest trader.  can someone help me?  

I have 5000 BTC that I will sell but only on bitcoin2cash.com marketplace.

One thing you might consider is sending MtGox a wire transfer and trading on that exchange. I've had good luck doing so with largish amounts in the past.

I'd go with Mt. Gox too.  Be aware that they have a $1,000 per day withdrawal limit.  So it'll take you 1.5 weeks to withdraw your Bitcoins after you've purchased them.  It'd be no fun to be caught by surprise :)

I believed that the withdrawal limits only applied on cash.
I do not see the point on limiting BTC too.

High chance this person is a scammer, first posts of person are about making a large buy, preferably using paypal. Who wants to buy 10kUSD of bitcoin with little or no interaction with us previously.

I don't think so. He didn't mentioned paypal. And - why should anyone have long talks on this forum before big buy? There are busy people who don't want to spend hours on forum at all. This forum != all bitcoin users. People here around are calling investors. And when they arrive, people call them scammers? ;)

+1

Just looking at his past posts. I could be wrong, I'm just very wary about large amounts, having been burned too many times.

I can swing this trade. Email sent.

I suspect it is to stop a run or limit exposure to possible exploits.

Are you confirming there's a limit on btc too?
Doesn't make sense to me but that's ok.

If someone shows up and wants to wire 10k usd for btc that's fine.
If someone wants to pay me 10k in paypal that I don't know then that's something else.
I've had bad luck with paypal and I wouldn't risk 10k on it.

Yes. That is correct.


Oh, I know. I'd insist on a bank wire for this trade. I'm not stupid. :)

If thiers anyone i'd trust, It's The Madhatter, Ofcourse he does have that weird split personality thing going on right now.... so that might not the be "the original madhatter"

But going by the typing structure, It's him

Where has this been documented/mentioned.  I've only heard of a limit on USD.

Can't find it either, I'm curious.

I can confirm that the limits are in place on BTC withdrawals, even if they're not documented.  I hit them about twice a week while operating CoinPal.

I assume the limits apply to Bitcoins because Mt. Gox (or their lawyers) consider Bitcoin as a stored value product.  My understanding is that U.S. law doesn't regulate stored value products when the volume is below $1,000 per day.

That makes sense, thanks for the explanation.

Aye. It's me. :) My clone doesn't actually have access to the forum.


I've also hit those limits. The stored value explanation that mndrix offered is spot on, in my opinion.

After talking to this guy via email I'm starting to get that faint aroma of "scam". I could be wrong.

If anyone else wants to take this deal, feel free. I'm not interested anymore. :)

Is this a "I'm only doing it with paypal" or a "you transfer first" aroma?
Bummer, I was just reading a story how a guy thought he was going to get scammed and the dude ended up paying him so it inspired me.

He changed the deal in the email. He wanted to trade 5x the amount. "If it's too good to be true, it probably is."

He told me that he's not a "geek" so he wouldn't even know how to scam me. When I hear promises like that before a trade even begins I just walk away. I have a lot of experience in dealing with payment fraud. I've heard those promises before. :P

There is a chance he's not a scammer and I am just being overly cautious. In any event; I am not interested.

If he has $50K to spend, it might be best to do this deal in person.  You could write up contracts, get a copy of his passport drivers license etc.  You could use an escrow service also.  You would probably want to verify his place of work, home address etc.     

Escrow.com's fee for transactions over $25,000 is 0.89%.
Clearcoin's fee for large transactions is 1%.

With the BTC buyer using escrow.com and the BTC seller using clearcoin, I bet something could be arranged.

Or he could do several smaller trades.
I agree with the too good to be true normally but curiosity would have kept me around until the fake cashier's check arrived.