got scammed bigtime - ebay

[naphto]

Really sorry to hear of your loss. Over the years I've generally had a good service from PayPal and ebay but then I suppose I've been lucky cos I've heard a lot about scams. But then you don't hear of all the successful ebay and PayPal trades.

It's tempting to sell BTC on PayPal because of the better return but that has to be balanced with the slightly extra risk. However, looking at all the alternatives (BTC-e etc) there's lots of stories of disappearing coins with them too.

Nevertheless it does make me sick to hear of people being scammed.

I would say that the avantage of paypal is not the better return (which depend on agreement), but the faster transfert.

[darkmule]

There are lessons to be learned here. 

Don't put all your eggs in one basket when making a very large BTC transaction like this.  Don't use Paypal (like ebay does) or any reversible kind of transaction like that.  Remember, one of the most important features of BTC is that transactions are irreversible once they hit the blockchain and get confirmed.  ONLY do transactions like this (irreversible Bitcoin for reversible Paypal/credit card) if you PERSONALLY know the other person and know they are good for it if something goes wrong.

If you must do large transactions like this, use trusted Bitcoin-experienced sites like Gox and CoinBase, and even then, don't do the transaction all in one go, but split it up into smaller transactions so even if you get scammed on one of them, you haven't just lost your entire roll.

If possible, use a trusted escrow.

[Damme]

The worst part is the amount of hacked accounts that had been used, its around 50 of them. each buy have been between 0.5btc to 2.0 btc.
Like I said, I dont know if its one person, or many, or an organized scam.

I was speaking to a represent at ebay and they are still investigating. They say I should tank to paypal too but they put the lid on 'Case closed'.

So, whats next earning bitcoins? I think the mining era is over soon. (For small miners)

[HELLNAUT]

Thats ugly...for people to steal. but since the world we live in is full of crime and frauds they consider themself feeding there own stomachs because of it.
But Karma my friend. One day you lose 10000$ in 10 years you will be free from money.

[reprazent]

That really sucks OP, but that's paypal - as a buyer on ebay you're well protected, it's the seller that is always being screwed sadly.

[smokeyrd]

Sorry to hear...I must agree that EBay/PayPal are a BTC nightmare...sucks bigtime

[Ransor]

I'm surprised that Ebay allowed you to sell BTC there in the first place. I was pretty sure it was against their policy to sell digital currency.

[pcmc5]

sorry to hear that....