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Bitcoin Forum > Economy > Trading Discussion > Scam Accusations > How can a place sell bitcoin for so cheap?
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Author Topic: How can a place sell bitcoin for so cheap?  (Read 5198 times)
opentoe (OP)
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October 10, 2012, 01:36:10 AM
Last edit: October 28, 2012, 01:31:41 AM by John (johnthedong)
 #1
I received an advertisement today about a site that is selling bitcoin for real cheap. 100 bitcoin for only $450. How is this possible? Are these places legit at all? I don't get it.
The site is [censored] and the prices are so damn tempting but usually if it's too good, it is too good to be true.

mod edit: The site's a scam.
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BitcoinINV
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October 10, 2012, 01:40:14 AM
 #2
It is pirate offloading his booty LOL jk
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Topazan
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October 10, 2012, 01:41:37 AM
 #3
And they're buying bitcoin for $7.7 each.  You could make unlimited money buying and selling to them.  Wink

Yeah, I would stay far away if I was you.  Also if I was me, which I am, which is why I won't be buying from them.
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October 10, 2012, 01:47:27 AM
 #4
Quote from: opentoe on October 10, 2012, 01:36:10 AM
I received an advertisement today about a site that is selling bitcoin for real cheap. 100 bitcoin for only $450. How is this possible? Are these places legit at all? I don't get it.
The site is www.btkoin.com and the prices are so damn tempting but usually if it's too good, it is too good to be true.


If you google them there is a claim that they are the same scammers as mtgax.com (typo squatting) as well as other scams.  If they were real I could buy 100 coins from them and make an instant $500 profit. 
Seller since 2011 hundreds of orders shipped
finway
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October 10, 2012, 01:48:31 AM
 #5
outdated.
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October 10, 2012, 01:49:28 AM
 #6
The answer is volume.

Also it's a scam.
legolouman
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October 10, 2012, 01:54:19 AM
 #7
One word, malware.

The site listed (and that I have purposely not quoted) probably has a wallet stealer.


Avast Antivirus blocked me from viewing the site due to malware.
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October 10, 2012, 02:54:37 AM
 #8
Quote from: opentoe on October 10, 2012, 01:36:10 AM
Are these places legit at all? I don't get it.

Here's a thread on it.

Sorry, y'all: Game Over. I'm about to buy all the bitcoin.
 - http://bitcointalk.org/index.php?topic=98251.0
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bbit
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October 10, 2012, 03:03:12 AM
 #9
Quote from: Stephen Gornick on October 10, 2012, 02:54:37 AM
Quote from: opentoe on October 10, 2012, 01:36:10 AM
Are these places legit at all? I don't get it.

Here's a thread on it.

Sorry, y'all: Game Over. I'm about to buy all the bitcoin.
 - http://bitcointalk.org/index.php?topic=98251.0

Mt.gax lol'd

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allthingsluxury
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October 10, 2012, 03:25:39 AM
 #10
Anything too good to be true, typically is Sad
Gladamas
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October 17, 2012, 10:53:36 PM
 #11
This has been confirmed to be a scam. See the thread above. They have changed their name several times but their idea is still the same, to steal people's money.
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October 21, 2012, 06:36:54 AM
 #12
Quote from: allthingsluxury on October 10, 2012, 03:25:39 AM
Anything too good to be true, typically is Sad


+1
AndrewBUD
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October 27, 2012, 04:38:32 PM
 #13
mtgix was all over the silkroad forum...

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