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41  Economy / Trading Discussion / Re: Does anyone still do meet up trades in the UK. on: May 08, 2013, 06:41:34 AM
Awesome, I did one a few days ago but they only had 8.
42  Other / Off-topic / Re: scary dream on: May 08, 2013, 06:21:41 AM
Yea, if you wake up and then think of a topic and then go back to sleep you generally dream about it.
43  Other / Beginners & Help / Re: hi guys. i know there are some good people out there. so to you. help on: May 08, 2013, 06:19:36 AM
If you keep receiving MoneyPak PayPal will eventually close your account as it states MoneyPak are not suppose to be used that way for commercial use. Only for personal use, like topping up your own account and buying stuff online.
44  Economy / Trading Discussion / Face to face trade, my story. on: May 08, 2013, 06:15:51 AM
Hello, just a little background before I type it up. I only really got back into Bitcoin a couple of days ago and  before I found this forum I used Local Bitcoin to found a local seller so this is how it went.


Around 7PM the night before I checked to see if there was any sellers, with luck there was a seller selling at £75. I was a little skeptical at first but I have done a previous face to face trade around a year ago while I was at university. So I took the plunge and contacted them, I managed to get their phone number and I gave him a call the night before. Everything seemed good and he was a nice person on the phone and we went ahead and arranged a place to meet. After a little bit of a discussion about the right place to meet we settled on a McDonalds on Oxford street in central London, all different thoughts were going though my head from getting robbed to them not turning up and wasting my time but he seemed serious so I agreed and we worked out a deal on 8 Bitcoins at £75 each.

I decided to hit the sack at around 10PM due to having to get up early as we arranged to meet at 10:30PM the following day and I had to go to the bank first to get the cash. So tomorrow comes around and I get ready and grab my Laptop, bank card and my wallet and off I went. Still a little nervous I caught the next train into town which only takes 15 minutes to get there. On the train I started to get butterflies in my stomach because I am a pretty shy person to people I haven't met before but still I was on my way now and didn't want to let them down. Once in London I head to the bank, walk in and ask to withdraw £650, 600 for the coins and the extra 50 just in case. They turn round and go, "Sir, since it's quite a big transaction we're going to need to see some ID." Alarm bells started going off in my head and I didn't have ID. I was really starting to panic at this point and didn't know what to do so I grabbed my card back and headed to the local coffee shop nearby to think what I could do. By this point I still had about a hour till we planned to meet. Then, I had a amazing idea. I could connect to the WIFI in the coffee shop I was in and transfer my funds online to my other bank account with a different bank and try my luck at that bank. So I quickly transferred my funds, put away my laptop and headed straight for the bank without even drinking a sip of my coffee as I was so apprehensive about if this was going to work. I went into the bank and it was empty, not a single customer. I head up to the counter and give them my bank card and say I would like to withdraw £650 please. She checks my account, I was a bit worried at this point because I haven't used this account in a year as I didn't keep anything in it and had switched to my new one which had just let me down. She comes back to the counter and explains my account was empty and nothing was in it, another blow but I explained I literally just put money into the account so she goes and speaks to someone and then tells me to go sit down and wait 5 minutes and come back to the counter.

At this point I was starting to panic, I had traveled all the way up to town and didn't have the cash to give to the seller and he had started texting me to say he was heading to the McDonalds now if I was ready. I replied and said I was "In the bank now, just getting the cash" and hoped for the best. The women calls me back over and asked for my card again and explained it can take a little while for a transfer so she checks again and tells me it's all fine and she can now give me my funds. I felt relieved and she handed me my money. I was just about to text the guy back to say I couldn't get the money and I was going to meet him anyway and give him £20 I had in my wallet to cover his travels due to wasting his time but I now had the funds and headed to the McDonalds.

It was about 10:10AM at this point and I was still a little early so I walked into the location and looked around for someone with a laptop and guess what it was full of people with laptops so no hope there. I send him a text and he texts me back he is in line to get some food so I look at the line and he is at the back so I join him in the line. I walk over to him and introduce myself and shake his hand and we make some small talk while in the line and we each grab some McDonalds breakfast each and head over to the seats. We both load up our laptops and I grab the money out of my pocket while he loads up his Bitcoin wallet and then I proceed to do get my receiving address up. I then give him my address and he types it in and then he sends the 8 Bitcoin and I hand him over the cash. He does a quick check to see if it is all there and the deal is done. I now have 8 Bitcoin successfully bought.

After this it was kind of awkward at first, you try eat a McMuffin and a Hash Brown with a guy you met 5 minutes ago haha. After a while we really started to get chatting about all sorts of things. He mostly told me stuff due to not being in the Bitcoin loop for nearly a year, after we finished we headed for the door and said goodbye and he gave me his number in case we wanted to do it again sometime and there I was, walking away with 8 Bitcoin and the taste of success.

If you actually read this, hope it helps you experience what it is like to do a Face 2 Face trade with a stranger and what you can expect. I had a bit of fun writing this out and if I do anymore trades I will write another one.

Thanks.
45  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin Help. on: May 08, 2013, 03:36:03 AM

Thanks for the link to the forum, didn't think to check. I will post up a thread and hopefully get a answer, will post here if I resolve it to help anyone else if they are having the same problem.
46  Economy / Speculation / Re: [poll] 200$ bitcoins? on: May 08, 2013, 03:33:58 AM
Hope not, I still haven't rebought.
47  Alternate cryptocurrencies / Altcoin Discussion / Litecoin Help. on: May 08, 2013, 03:09:46 AM
Hello, I have decided I will test out this new Litecoin but I am having trouble with the client. It says unable to load BLKINDEX.DAT, it's quite annoying and putting me off Litecoin and just sticking to Bitcoin.
48  Other / Beginners & Help / Re: Anyone else interested in Ripple?? on: May 08, 2013, 02:22:05 AM
Not really, I have been away from the whole Bitcoin scene for a while and all these new concepts are coming from all over the place. I only really am interested in Bitcoin.
49  Bitcoin / Bitcoin Technical Support / Re: Regaining BTC sent with 0 conf on: May 08, 2013, 02:18:51 AM
It's not really worth messing up your wallet over it. If you're wondering why it isn't getting confirmed is that it can be slow so wait it out for a bit.
50  Economy / Trading Discussion / Does anyone still do meet up trades in the UK. on: May 08, 2013, 02:16:23 AM
Last time I bought Bitcoins around a year ago I did a face to face trade with a guy I met on a MMORPG forum. Looking to buy some more but was wondering do people still do that sort of thing.
51  Other / Beginners & Help / Re: How I made My Bitcoins on: May 08, 2013, 01:34:54 AM
Also, trading like this can make you loose serious money if you don't sell at the right time or buy at the wrong time.
52  Other / Beginners & Help / Re: how to buy BTC in person on: May 08, 2013, 01:29:13 AM
speedyshare(dot)com/cFJ7s/blockchain-checker

Don't like the look of that, I wouldn't go on that site.
53  Other / Beginners & Help / Re: how to buy BTC in person on: May 08, 2013, 01:16:44 AM
You'll have to decide for yourself how many confirmations to wait for.

When the seller is willing to use the localbitcoins.com transaction service, there is no need to wait for any confirmations at all, but that service costs the seller 1% of the transaction amount. If the seller is in a hurry and doesn't want to wait for the number of confirmations you need to feel secure, suggest that they cover the cost and use the transaction service.  That allows them to buy the ability to leave quickly after the transaction.

For amounts less than $20, I'm almost always willing to accept with 0 confirmations.
For amounts less than $200, I'm almost always willing to accept with 1 confirmation.
For amounts less than $2000, I'm almost always willing to accept with 3 confirmations.
I don't think I'd personally be concerned about waiting for 6 confirmations in a face-to-face exchange unless the amount was over $10,000.

That's my personal choice though.  A zero confirmation transaction is pretty risky, but it would take some significant technical knowledge, to pull off a scam after 1 confirmation, especially if you verify that confirmation from multiple sources (your wallet, blockchain.info, and blockexplorer.com).

The only concern I've had so far in a face-to-face transaction was when someone tried to look over my shoulder as I typed in my wallet password.  I don't think they were trying to memorize the password (which would've been extremely difficult for them anyhow), I think they were just naturally curious about what I was doing on my computer, but as soon as they left, I changed the password anyhow, just in case.

I've had a similiar situation with some random person  looking over my shoulder just as I was entering my password. I asked him kindly to look away, and later changed my password just to make sure  Grin

When I bought some Bitcoins in a face to face trade months ago, the guy asked if we could go to the bank and get my notes checked out. He had already sent the Bitcoins to my address and I handed him the money and we finished out drinks in the cafe and then he was like do you mind if you come to the bank with me to see if they are real. In the end I suggested him give me the money back and I will get out a fresh set of notes from the ATM machine and he was happy with that.
54  Other / Beginners & Help / Re: Physical Bitcoins on: May 08, 2013, 01:08:39 AM
Same, I wouldn't have no use for them. But they are pretty cool, wouldn't mind one.
55  Other / Beginners & Help / Re: Physical Bitcoins on: May 08, 2013, 01:03:34 AM
They have a hologram sticket on them, under the sticker is a private key for the Bitcoin. They can come in many different numbers, yes they are real.
56  Other / Beginners & Help / Re: What is 6 confirmations? on: May 08, 2013, 12:33:46 AM
Thanks! Questions get answered here fast.  Ok but does that mean if I pay with bitcoins in a restaurant that I'd have to stick around another 40-60 minutes after paying the bill so the owner can get their balance confirmed?


I mean, after 1 confirmation you're normally good to go, it's just how much really. 1 Bitcoin isn't much. Maybe if I was doing a 100 Bitcoin transaction I would wait for 6.
57  Other / Beginners & Help / Re: What is 6 confirmations? on: May 08, 2013, 12:26:53 AM
Also depends on the size of the transaction, but generally it's around 40 minutes of 6.
58  Other / Beginners & Help / Re: how to buy BTC in person on: May 08, 2013, 12:23:26 AM
Thanks guys! that was useful information! I actually live near NYC so nearest casino is about 1 hour away. I guess starbucks could work as that local site seemed to have local people in NYC/NJ that it may work in.

Good info as far as the confirmations as was not sure how many i should stick around for.


Thanks for all the info!

If possible try stay for 3, most sites who take Bitcoin wait for 3 but if you have a lot of time then you could stick around for 6.
59  Other / Beginners & Help / Re: how to buy BTC in person on: May 07, 2013, 11:58:15 PM
Months ago I did a trade with someone, we met up in a cafe and he sent me the Bitcoin and I handed him the money and we waited together untill 6 confirmations on the block chain. Once we had 6 confirmations the coins can not be double spent so your safe. Also make sure it's in a public space and make sure they show they have the coins and you show you have the cash.

Sorry if off topic, but does 6 confirmations mean 60 minutes? Or is there another way to tell?

Depends, sometimes it's slow sometimes it's fast can take 20 minutes. Make sure you have enough time to wait around, you're normally safe after the 1st confirmation but it's better to be safe than sorry.
60  Other / Beginners & Help / Re: how to buy BTC in person on: May 07, 2013, 11:51:39 PM
Local Bitcoins? Sounds sketchy.

Not really, a scammer isn't going to scam someone in real life. Unless they are scum or a scam artist.
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