We've just added the major exchange rates to the page. Working on some other improvements as well  Check out the latest: http://TradeYourBitcoin.com |
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Fixed! I'm sending you some coin for the "heads up" - thanks! |
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Thanks, we'll check this out. |
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< snip >
When banksters and statists step up their attacks on bitcoin by locking users out of the banking system (which they've already started), the demand for local cash transactions will rise. It is not a matter of "if" but only a matter of "when".
That is why it is so important for people to develop their local trading networks now. Don't become dependent on the banking system for your bitcoin trades. When you trade cash for bitcoin - you are trading cash for cash - one is digital and one is physical.
Good point, I suspect this will occur as well if the current trends continue. Perhaps staging an .onion based site within the Tor network would be prudent. Yes, if BB outlaws bitcoin exchanges then exchangers would have to go underground and "in person" exchanges with people you don't know would be vulnerable to "sting" operations. You would have to trade only with people you trust and the same risks would exist as would with any other banned item. All the more reason to develop your trusted trading partners now. Of course no one should break a law because we all know that every law is completely moral and justified - just ask Hitler, Stalin, Lenin, Pol Pot, Mao, etc., etc. |
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Congrats on the new site Why I think that localbitcoins.com is better is because your site lacks price signaling - it is the very basic need for functional market. Other than that, it might well be that people are not that interested in trading bitcoins with cash, after all. But we will probably see about that in the future. Thanks! The price signals are there - they are just not public. Price is negotiated directly between the parties. Just like the prices for outlawed drugs. They are not posted publicly but price is still communicated throughout the market with every transaction. With that said, general market prices for reference are also available at BitcoinWatch.com and other sites. We'll soon post the current exchange rates from the major exchanges on the site for convenience though. When banksters and statists step up their attacks on bitcoin by locking users out of the banking system (which they've already started), the demand for local cash transactions will rise. It is not a matter of "if" but only a matter of "when". That is why it is so important for people to develop their local trading networks now. Don't become dependent on the banking system for your bitcoin trades. When you trade cash for bitcoin - you are trading cash for cash - one is digital and one is physical. Money in a bank is simply a promissory note from the bank stating they will pay it back to you when you demand it (hence the term "demand deposits"). We all know how good banks and central planners are at keeping their promises! I prefer to have cash in hand over money in the bank. I think many Greeks, Argentines, Zimbabweans and everybody else who's lived through a national bankruptcy or hyperinflation would agree with me. |
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Was checking on the legal part for Square -- and although they don't specifically target bitcoin, the following statements from here may invalidate usage for it: https://squareup.com/legal/ua"By creating a Square Account, you also confirm that you will not accept payments in connection with the following businesses or business activities: < snip > (15) financial institutions offering manual or automated cash disbursements, (16) financial institutions offering merchandise and services, (17) sales of money-orders or foreign currency by non-financial institutions, etc..." Too bad, eh? Payment processors are real kill-joys. Yes, that's why bitcoin was invented!  |
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Nice site.
If you sign up for square, you could have them pay by credit card on your smartphone - though I don't know what their chargeback policies are. Perhaps cash is best.
Like to see the userbase grow of course, but its a good start.
Update:
Hmm, just checked - they say it is %2.75 for swiped cards. So on a transaction of $100, that amounts to an extra $2.75. Not bad... apparently there are no chargeback fees, either. Business opportunity?
Great idea although the philosophy behind the site is to help people avoid the banking system altogether. Nevertheless, people are welcome to trade via credit cards, PayPal, etc. Cash is still "King" though! |
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Localbitcoins.com is a great site. I recommend that buyers and sellers use all of the sites to improve their liquidity and opportunities for trading. TradeYourBitcoin.com is intended to be more streamlined and simple. Only sellers need create a listing. Buy and sell prices are negotiated directly between parties. Also, TradeYourBitcoin.com allows for 65 different language translations so it has a nice, global reach. |
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Is the English language option missing? English is the default language. The closest seller to me is only 1,600 miles. Cool! Yes, therein lies the opportunity for local sellers to list themselves - it's a brand new site so folks should list themselves if they want to have local buyers pay them in cash for their bitcoin. I love your site, BTW. Thanks! |
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In keeping with the spirit of decentralization we are proud to introduce another tool to help you find local trading partners to facilitate your bitcoin exchanges and improve liquidity. The benefits are many: - Build your local bitcoin trading network
- Trade for cash
- Stay away from centralized exchanges
- Avoid the banking system entirely
- Maintain your privacy - No ID required!
- Faster exchanges
What makes TradeYourBitcoin.com different?- Simplicity of use
- Only sellers need create a listing (consisting only of an email address)
- Buyers just enter their zip code to find local sellers
- Nothing complicated to configure or calculate
- Language translation into 65 different languages
- Negotiate directly with the seller via email and trade in person for cash
Check it out – it's FREE. Start building your local trading network today!http://TradeYourBitcoin.com |
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Why would I want to rely upon other people's needs for BTC or dollars to determine my own ratio of BTC to dollars?
I think a better question is "why would I want to rely on centralized exchanges thousands of miles away that require the use of the banking system, ID, blood type and first born in order to make a trade?". Because I may need more Bitcoins or more dollars as any given point. Yes, that is when you need the major exchanges but the whole point of this thread is to develop trusted trading partners with whom you can trade with away from the centralized exchanges so that you never have to go there. |
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An additional comment: My trusted trading partners and I become friends and we don't charge each other commissions to make change.
There's nothing wrong with people making change as a business for a fee. My goal is to go beyond that as described above. Both can coexist - it's not one or the other.
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Exactly my point. It's not worth it to the average person as a business model to make 3, 4 or even 10 dollars on the average exchange when it costs that much in gas (and time) to meet the other person in the first place. The idea is to build up your own network of trusted trading partners so it becomes as simple as picking up the phone and making the deal. I already have trusted trading partners with whom I can close the deal for thousands of dollars over the phone and settle up via mail, bank deposit, or in person the next time we meet.
I think it is impossible to have that kind of situation, unless the other guy is a market maker and is making profit with the deal, eg. selling above market price or buying below market price. Or then he/she wants privacy from banks and other electronic forms of payments, since he/she would get better deal and less hassle exchanging the coins online. If you really are able to call your contact whenever you want/need, and able to conduct business at market rate with him/her, it doesn't sound very sensible from the other guys viewpoint. I agree, it's not for everyone but it is not impossible. For my trading partners and I it is profitable (by way of convenience - not commissions) to provide liquidity to each other and make a market for each other. The ultimate goal, of course, is to arrive at the point where most people carry a bitcoin balance and the stranger next to you (or the local shopkeeper) can make change. |
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Why would I want to rely upon other people's needs for BTC or dollars to determine my own ratio of BTC to dollars?
I think a better question is "why would I want to rely on centralized exchanges thousands of miles away that require the use of the banking system, ID, blood type and first born in order to make a trade?". |
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For example: business is sustainable, and makes 10 dollars a week + inflation = sustainable but bad business
Exactly my point. It's not worth it to the average person as a business model to make 3, 4 or even 10 dollars on the average exchange when it costs that much in gas (and time) to meet the other person in the first place. The idea is to build up your own network of trusted trading partners so it becomes as simple as picking up the phone and making the deal. I already have trusted trading partners with whom I can close the deal for thousands of dollars over the phone and settle up via mail, bank deposit, or in person the next time we meet. |
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Saving money is the same as making money. When you build a local network of exchange partners willing to trade the fees go down. I predict the exchange fees will practically evaporate, or become negligible, over time.
I don't see exchanging as a sustainable business model for the average person. As it says in the article, I believe making exchanges will eventually be as easy as changing a twenty dollar bill.
BTW, great job kangasbros!
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Excellent! This will help make bitcoin much stronger by helping to decentralize the exchange process and making it easier for people to trade "off-exchange". Glad you put this together!
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