Trading btc on localbitcoins.com

[smallbear12]

Hi all, I am looking for advice please....is it worth buying btc at a lower rate on sites like localbitcoins.com and selling them on at a higher rate? Is it worth doing and is there actually money to be made from doing this please? Any advice greatly appreciated, thanks

[twister]

Buying low and selling high will always be profitable but you'd have to wait and hold the BTC until it's price go up and the amount of money you can make depends on the volume.

[Amph]

maybe it is worth it, but it require much time, more time than you need for something else that maybe is more remunerative, like signature

you should look at the maximum earning per hour, and i don't think that arbitrage is the best way tod o this

[dezoel]

always profitable if you ask me, better you buy it and hold it till the price rise up.
and much better you do it on exchanger,

[bitcoinmar]

For this trading you need two things one enough money and second patience that you can wait for rise of price if you have both then you must succeeded in this

[erpbridge]

Hi all, I am looking for advice please....is it worth buying btc at a lower rate on sites like localbitcoins.com and selling them on at a higher rate? Is it worth doing and is there actually money to be made from doing this please? Any advice greatly appreciated, thanks

The answer to this depends on various things. If buying for a lower amount than bitstamp, and selling on lbtc itself, then yes it is definitely profitable. It will also be profitable if an exchange price is higher than the price you purchased it at. The only problem is in times when the volatility is too high and you happen to purchase a large amount of bitcoins. During then, due to the swings in the price, you might have to also face swings in the total profit and could go in loss as well. But if you can trade large volumes, then its definitely profitable.

[snappa4ever]

It's very risky due to the time factor in processing trades on localbitcoins. Prices on the site are quite high compared to normal exchange.

[Nrcewker]

It's not worth it, you at least should find a real exchange not a p2p platform, this will help you https://bitcointalk.org/index.php?topic=695082.0

[Amph]

It's not worth it, you at least should find a real exchange not a p2p platform, this will help you https://bitcointalk.org/index.php?topic=695082.0

funny because we are aiming at everything p2p, and not centralized, the future should be decentralized exchange like localbitcoin

the price is quite high some times, only because they know you will pay for 5% more, to have a service that guarantee you more speed and efficiency, and cover the exchange between bitcoin and fiat, all over the world

[ShetKid]

It's not worth it, you at least should find a real exchange not a p2p platform, this will help you https://bitcointalk.org/index.php?topic=695082.0

You are wrong on this. Exchanges cannot be accessed by everyone in all the countries and it is difficult to use it. People also lack confidence while using them. With localbitcoins , people can trade with people in their own country, and despite the higher price they are able to buy the bitcoins from someone trusted and that too immediately with an escrow in the middle.

[oxiyusuf]

if you ask me, it's very beneficial, but you should be able to withstand bitcoin until the price goes up, or reach the price you want. and in my opinion does not need to be in the exchanger you mentioned you have to buy bitcoin, I think every exchangers have the same opportunity.

[rivoke]

Hi all, I am looking for advice please....is it worth buying btc at a lower rate on sites like localbitcoins.com and selling them on at a higher rate? Is it worth doing and is there actually money to be made from doing this please? Any advice greatly appreciated, thanks

Just like everyone do on forex, trading on bitcoin also another same case. If you are good on analyze the market prize, buy when the price on lowest point. And here's the different between trading on forex and bitcoin,IMO :  mostly bitcoin market's graph provide unstable chart, so it's more difficult to guessing when the price reach highest point. At least in called the risk, without the risk, everyone can be a winner.

[noel57]

The positive difference between cost price and selling price is called profit which is good but from my experience the price of bitcoin at localbitcoins.com is often higher than any trading platform, also beware of scam when dealing with localbitcoins.com members.

[alpesh102]

i suggest.... first u save your real information on localbitcoin...
  second be a group and never give wrong information.
  third be friendship your client.
  fourth relase and payment time very fast....
  so become a powerful trader......its like me....