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Author Topic: trading bitcoins on eBay ?  (Read 2952 times)
grondilu
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October 08, 2010, 11:22:45 PM
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Yeah I know it might sound silly but why not ?

It would be a no-brainer way to acquire bitcoins.  Plus, it would give audience, and thus help promote the bitcoin system.
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MoonShadow
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October 09, 2010, 12:04:10 AM
 #2

Or craigslist.  But the problem is that in both cases the seller of bitcoins must initiate the auction, and must assume most of the risk since there is no present evidence that there would be enough bidders on Ebay for the offered lot of bitcoins would fetch anything near the market price.  I've tried to put up an add on Craigslist to buy bitcoins, and never got any bites.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
SmokeTooMuch
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October 10, 2010, 12:33:29 AM
 #3

you can sell them at a fixed price or make a start price that seems acceptable for you and you potential customers, but anyways ..
i guess ebay forbids to trade currencies.

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Babylon
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October 10, 2010, 10:45:55 AM
 #4

you can sell them at a fixed price or make a start price that seems acceptable for you and you potential customers, but anyways ..
i guess ebay forbids to trade currencies.

bitcoin is not a currency.  Currencies are backed by governments.

Tarot Card Readings for Bitcoins, available via e-mail, phone, skype or IM of your choice.  Inquire for price, quite reasonable.
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October 10, 2010, 11:04:35 AM
 #5

Ebay owns paypal and doesnt accept any other payment method or is unlikely too do so.
Babylon
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October 10, 2010, 11:08:24 AM
 #6

Ebay owns paypal and doesnt accept any other payment method or is unlikely too do so.

I don't think the goal here was to use bitcoins to buy things on e-bay.  It was to sell bitcoins on e-bay.

And they actually do accept other payment methods,  depending on the seller's preferences.  I doubt bitcoin is going to become one of those though.

Tarot Card Readings for Bitcoins, available via e-mail, phone, skype or IM of your choice.  Inquire for price, quite reasonable.
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October 11, 2010, 04:12:48 AM
 #7

you can sell them at a fixed price or make a start price that seems acceptable for you and you potential customers, but anyways ..
i guess ebay forbids to trade currencies.

bitcoin is not a currency.  Currencies are backed by governments.

fiat currencies are backed by governments.  The backing of any institution, or none at all, doesn't change the nature of a currency; only potentially it's public faith.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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October 11, 2010, 04:45:22 AM
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you can sell them at a fixed price or make a start price that seems acceptable for you and you potential customers, but anyways ..
i guess ebay forbids to trade currencies.

bitcoin is not a currency.  Currencies are backed by governments.

fiat currencies are backed by governments.  The backing of any institution, or none at all, doesn't change the nature of a currency; only potentially it's public faith.

Is that how e-bay defines it?  I know you can trade gold and silver on e-bay,  I'm pretty sure you can sell Reichsmarks and confederate dollars on E-bay.

Tarot Card Readings for Bitcoins, available via e-mail, phone, skype or IM of your choice.  Inquire for price, quite reasonable.
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October 11, 2010, 06:16:55 AM
 #9

Has anyone taken into account the fees on ebay?

Just checked and it costs 0.30c to list and they take 5% of the final price.



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October 11, 2010, 06:24:39 AM
 #10

Has anyone taken into account the fees on ebay?

Just checked and it costs 0.30c to list and they take 5% of the final price.


Maybe sell a small amount and follow up with an email saying you'll sell more anytime and even at a better price since there is no fee?

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grondilu
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October 11, 2010, 06:26:15 AM
 #11

Has anyone taken into account the fees on ebay?

Just checked and it costs 0.30c to list and they take 5% of the final price.


Yeah indeed.  eBay's fees are outragious.


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October 11, 2010, 06:28:07 AM
 #12

good idea!

In terms of categories, you could put it under "coins". It is less suspicious and there are also a lot of real silver and gold coin traders around who are an ideal target group as well.

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FreeMoney
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October 11, 2010, 06:44:54 AM
 #13

good idea!

In terms of categories, you could put it under "coins". It is less suspicious and there are also a lot of real silver and gold coin traders around who are an ideal target group as well.

Mmm, I think it might be more likely to be considered a scam there. Everyone else gets a hard piece of metal and all I got was some data added to the end on a database....

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
Anonymous
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October 11, 2010, 08:02:00 AM
 #14

good idea!

In terms of categories, you could put it under "coins". It is less suspicious and there are also a lot of real silver and gold coin traders around who are an ideal target group as well.

Mmm, I think it might be more likely to be considered a scam there. Everyone else gets a hard piece of metal and all I got was some data added to the end on a database....

I tried selling a bitcoin bundle on a local australian ebay type  site and they pulled the listing because I wasnt allowed to link to an external site apparently.



MoonShadow
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October 11, 2010, 06:25:37 PM
 #15

you can sell them at a fixed price or make a start price that seems acceptable for you and you potential customers, but anyways ..
i guess ebay forbids to trade currencies.

bitcoin is not a currency.  Currencies are backed by governments.

fiat currencies are backed by governments.  The backing of any institution, or none at all, doesn't change the nature of a currency; only potentially it's public faith.

Is that how e-bay defines it?  I know you can trade gold and silver on e-bay,  I'm pretty sure you can sell Reichsmarks and confederate dollars on E-bay.

I don't know how ebay defines it.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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October 11, 2010, 06:28:33 PM
 #16

lets try again. if anyone offer BTC on ebay, I will buy some.

1000 BTC for 0.089 USD each

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mpkomara
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October 11, 2010, 07:40:50 PM
 #17

0.089 ebay USD/BTC vs 0.089 mtgox USD/BTC.

To any arbitrageur lurking in the forums.  If you have a USD balance within Mtgox, i think you should

1) sell 1000 ebay bitcoins and collect 89 ebay dollars today
2) invest 89 dollars today in an interest bearing account for 180 days
3) use 89 of your non-withdrawable-for-180-days mtgox dollars to buy 1000 bitcoins

The interest rates in this arbitrage may be low, but the idea is the same: mtgox dollars are not withdrawable, so mtgox bitcoins should be trading at a premium to regular bitcoins.  If mtgox dollars suddenly are withdrawable via paypal or a new solution, then mtgox bitcoins should trade at the same price as regular bitcoins.  Or more accurately, if expectations shift to reflect that mtgox dollars will be immediately withdrawable, then mtgox bitcoins should trade at the same price as regular bitcoins.








S3052
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October 11, 2010, 07:43:47 PM
 #18

Interesting..

It could also be that prices of Mtgox BTC's and herewidth all BTC's will surge heavily once adding funds to Mtgox will be possible again, as so  many folks want to buy BTC's.

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Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

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