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Author Topic: I have almost $10,000 worth of bitcoins to sell, at 10%+ discount to Mt Gox  (Read 2208 times)
MarcJ
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June 01, 2011, 09:53:04 AM
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I bought in a few months ago, and now wish to cash out. For offers to purchase $1000 worth or more I'll offer a 10% discount to that day's market price, and for my entire stock a 20% discount. I'm open to your suggestion of preferred payment method and mechanism, but won't work via PayPal for these kinds of amounts.
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Alex Beckenham
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June 01, 2011, 10:02:58 AM
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I advise caution for any newbies reading the above offer. Make very sure it's valid before sending any money.

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June 01, 2011, 10:05:10 AM
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pm sent

If you don't own the private keys, you don't own the coins.
MarcJ
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June 01, 2011, 12:15:43 PM
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Gusti: I have your pm, will drop you an email
Alex: Naturally!
FatherMcGruder
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June 01, 2011, 12:29:31 PM
 #5

I bought in a few months ago, and now wish to cash out. For offers to purchase $1000 worth or more I'll offer a 10% discount to that day's market price, and for my entire stock a 20% discount. I'm open to your suggestion of preferred payment method and mechanism, but won't work via PayPal for these kinds of amounts.

Why don't you just sell those bitcoins at your discounted rate on Mt. Gox?

Use my Trade Hill referral code: TH-R11519

Check out bitcoinity.org and Ripple.

Shameless display of my bitcoin address:
1Hio4bqPUZnhr2SWi4WgsnVU1ph3EkusvH
MarcJ
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June 01, 2011, 12:38:27 PM
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Hello McGruder,

Is that possible? I would love to do that! When I looked in their trade data history I was seeing amounts for $10, $100, and maybe in the hundreds, but nothing like my amount. I just presumed no one was trading in the amount that I have there. I really don't know a lot about bitcoin, I basically bought some as a punt awhile back and want to cash out now whilst I'm ahead.

Would love to hear your thoughts on the liquidity!
Cheers,
Marc
graingert
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June 01, 2011, 12:39:52 PM
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Hello McGruder,

Is that possible? I would love to do that! When I looked in their trade data history I was seeing amounts for $10, $100, and maybe in the hundreds, but nothing like my amount. I just presumed no one was trading in the amount that I have there. I really don't know a lot about bitcoin, I basically bought some as a punt awhile back and want to cash out now whilst I'm ahead.

Would love to hear your thoughts on the liquidity!
Cheers,
Marc

Make sure to use the dark pool so as not to spoil the market for everyone else, and you included

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June 01, 2011, 01:15:44 PM
 #8

Hello McGruder,

Is that possible? I would love to do that! When I looked in their trade data history I was seeing amounts for $10, $100, and maybe in the hundreds, but nothing like my amount. I just presumed no one was trading in the amount that I have there. I really don't know a lot about bitcoin, I basically bought some as a punt awhile back and want to cash out now whilst I'm ahead.

Would love to hear your thoughts on the liquidity!
Cheers,
Marc
I think there are enough bids on bitcoins at or above 7.20USD/BTC (20% of 9USD/BTC) to make it happen. I recommend making your ask order with the "Dark pool and Normal" setting. I suppose if someone wants to take you up on your offer outside of Mt. Gox, you could just can just cancel your Mt. Gox sell order.

Use my Trade Hill referral code: TH-R11519

Check out bitcoinity.org and Ripple.

Shameless display of my bitcoin address:
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Meni Rosenfeld
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June 01, 2011, 01:22:16 PM
 #9

A mere $10,000 will hardly make a dent on the market. Based on a glance at https://mtgox.com/trade/history - Depth of Market, at the time of this writing you can sell them at >$8.8 / BTC. I don't think a dark pool is needed.

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sonba
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June 01, 2011, 06:32:05 PM
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you don't happen to have a european bank account by chance? Smiley
casascius
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June 01, 2011, 06:39:04 PM
 #11

I too raise a flag of suspicion on this offer.

Perhaps what raised the red flag for me was the fact that the offer is denominated in dollars and not BTC, at a rate well below the threshold of what it would take to sell instantly.

But if someone can acquire these safely, it's obviously a fantastic deal.  If for real, OP should just sell on MtGox, will yield more that way just as quickly.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
jibjabz
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June 02, 2011, 06:40:21 AM
 #12

A mere $10,000 will hardly make a dent on the market. Based on a glance at https://mtgox.com/trade/history - Depth of Market, at the time of this writing you can sell them at >$8.8 / BTC. I don't think a dark pool is needed.

That's misleading. $10k will move it at least 50 cents I'm pretty sure. That's better for him than the 20 percent off he's offering, but it's definitely enough to make a dent (probably a mostly temporary one).

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Free trial until 6/14. Just add yourself to this group to start receiving e-mail alerts.
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June 02, 2011, 09:02:57 AM
 #13

Right now $10k would just barely crack $10. From $9.90.

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June 02, 2011, 11:26:30 AM
 #14

lol, you are talking about 1000 coins, that much moves every hour on mtgox.

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