Is everyone on ebay completely crazy?

[quone17]

With the price going so high so fast I bet there is some hysteria around BTC.  You are doing the math, which is good and rational, but sometimes people aren't thinking with their head and they just want to make BTC and don't factor in electricity.  Or maybe they have "free" electricty, I don't know.  Or they might bet the price will continue to rise and that's how they're playing it instead of buying more BTC.

[nistagmus]

They are not crazy. They are trying to make money, profiting from bad knowledge of people.

It's up to you don't get caught in their net.

[miners78]

The thing about eBay is it is probably the fastest, cheapest and easiest way to get into bitcoin from absolutely nothing. And depending on when you buy the BTC it can be 10% more or 100% more.

[cunixion]

Ebay prices reflect the market demand, many people not familiar with bitcoin wrongly assume they'll make some good profit by getting into mining at any cost. I am sure there are other types of goods that sell 10x times its purchase value.

[tearfereon]

They are not crazy. They are trying to make money, profiting from bad knowledge of people.

Ordering miners and selling at ebay when received is best way to profit for long time

[bitcoin_UK]

I think there's a lot of scammers on ebay, that's why they will pay high mate. Other than that I think a lot of ebayers don't know where to go to buy these things so they pay silly money for the convenience of ebay.

You're right though, things do go for 3-4x their value and sometimes more but that's nothing you don't see here everyday as well. People with more money than sense, stay the sensible one.

[DrG]

If the scammer is doing a chargeback why would he care what money he is putting up for the outlay.  It just makes the poor seller just more eager to ship.

Too bad eBay won't let you know which transactions are actually successful.

[guybrushthreepwood]

I wish I bought some Infinitecoins off ebay for £3 for a million now. They're still worthless but people seem to be going nuts for them on ebay. I don't understand it.

[tampazeus]

With the price going so high so fast I bet there is some hysteria around BTC.  You are doing the math, which is good and rational, but sometimes people aren't thinking with their head and they just want to make BTC and don't factor in electricity.  Or maybe they have "free" electricty, I don't know.  Or they might bet the price will continue to rise and that's how they're playing it instead of buying more BTC.

Fortunatelly the electricity is only small percentage of the mined Bitcoin, so you dont need to factor electricity now, but next year will be different and some ASIC miners wont pay even electricity cost

[lx]

I would not recommend buying any mining hardware on ebay before knowing exactly what you are doing.
Otherwise Cloud mining could be an option

[oyeTorry]

When buying miners, many people dont calculate ROI, they just want to enter and try the BTC. Thats why so huge prices some people willing to pay