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Author Topic: reasons to buy from individual?  (Read 4104 times)
bestluck
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July 21, 2016, 05:51:49 PM
 #41

I think they will not hace any knowledge about that which exchange is better for their payment processor, like they will be newbie to this world of bitcoin. Or they will not want to show some of their coins to their exchange ( as the exchanges have all the data about the user) so they prefer to use individual for that reason.
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July 22, 2016, 10:16:18 AM
 #42


What are the possible reasons why someone will prefer to buy btc or any other crypto to someone from the forum particularly than on the exchange sites?
Because buying bitcoin from a person is the better possibility you will get a amount of btc in negotiable price.
Ive never try this thing though. Is it too risky to negotiate with a person than to exchange site? You better exchange with a good trust reputation here.
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July 22, 2016, 10:43:57 AM
 #43

Just there are people to whom it's more suitable. Like there is someone who playing gambling only for own fun and he doesn't care about bitcoin or another crypto, trading, investment at all. So he made some amount of BTC with gambling and it's easier to find a buyer for it to have dollars right now and without any % for exchange. I know such people and I buy bitcoins from them, because I know that bitcoin will rise soon, but they don't  Wink
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July 26, 2016, 09:49:51 AM
 #44


What are the possible reasons why someone will prefer to buy btc or any other crypto to someone from the forum particularly than on the exchange sites?

well i think only reason to buy from them is because it is faster, but that's it as it might be even a little bit risky, because exchange sites are trustful

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July 26, 2016, 04:41:51 PM
 #45

Major reason for which I prefer buying from individuals is just to avoid the banking process. Meeting a trader personally helps gain trust as well make trading effective.
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July 26, 2016, 11:24:39 PM
 #46


What are the possible reasons why someone will prefer to buy btc or any other crypto to someone from the forum particularly than on the exchange sites?

Simple.

You get to avoid those bitcoin exchange fees. If you are living in the US, you do not have to submit yourself to the KYC policy of the exchanges and you stand a chance of buying at a cheaper price than at the exchanges.

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Jimbola3
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July 28, 2016, 12:00:43 PM
 #47

Major reason for which I prefer buying from individuals is just to avoid the banking process. Meeting a trader personally helps gain trust as well make trading effective.
yeah that's what i think too and buying from the sites and different trading services can cost you high with more extra charge but with the individual i can bargain too which is better  Grin !
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July 28, 2016, 03:14:12 PM
 #48

There are many reasons :
1 - some devs release the users' coins before they add their coins to an exchange , but some members don't have patience , so they open a trading thread .
2 - sometimes , a member want to sell or buy a big volume with a discount , so he also opens a thread .
3 - the most popular reason is to scam others , unfortunatelly , sometimes the scammers get what they want .
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July 28, 2016, 05:46:59 PM
 #49

I think the only reason for to buy from individuals is that, they do not know about trusted exchanges, or they do not have any experience in any trusted exchange so they are unable to put their money into there in order to buy from there.
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August 06, 2016, 10:42:17 AM
 #50

i am not recommended to buy from individual on the forum, any forums unless you know that person individually. we have to trust someone before we have make a deal with him/her, so better buy from person which we already know. and i think if we don't know anything, we can buy from market exchange.

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August 06, 2016, 10:48:58 AM
 #51


What are the possible reasons why someone will prefer to buy btc or any other crypto to someone from the forum particularly than on the exchange sites?
The obvious reason could be low price and anonymity.With most exchanges you are required to verify your identity,which many doesn't prefer.So they go for individual buyers or sellers where it is one's own choice to disclose one's true identity or not.
The other reason could be that some times someone is in urgent need of money or for other reason wants to sell his coin at lower than market rates
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August 07, 2016, 04:59:04 AM
 #52

Maybe he/she wants to buy in bulk and that certain individual gives a discount for bulk offers. Some people even sell their coins lower than the market price regardless of how money you are buying. Some people don't want to or unable to upload any documents on the Internet. Some people just want to stay anonymous and all website that lets you exchange your cash into BTC requires you to upload an ID. Some people don't even have a valid ID to get qualified even if they want to.

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August 07, 2016, 06:13:52 AM
 #53

No need to provide ID and alot better rates.
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August 08, 2016, 12:10:47 PM
 #54


What are the possible reasons why someone will prefer to buy btc or any other crypto to someone from the forum particularly than on the exchange sites?
Because others they buy so many reasons specifically for traders than to trading  site . First reason I particularly if they know the coins have  great potential to increased. Buying coins to traders because they hard to get there bidding price in trading. Second reason there are traders as require money so they selling all their holding coins at cheap rates . That only I know why they buy the individual traders .
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August 08, 2016, 12:21:20 PM
 #55

i am not recommended to buy from individual on the forum, any forums unless you know that person individually. we have to trust someone before we have make a deal with him/her, so better buy from person which we already know. and i think if we don't know anything, we can buy from market exchange.

This way you won't make and succeed any business in life.

Think about it: do the millionaires and.. basically any businessman deal with acquaintances and close friends? No, the most work is done with complete strangers. We have to deal with it. My friends and family, for example, don't have BTC. They got just a small amount (<$10) max. So where should I buy from..? Exchange websites can be scams too. Bitfinex was, so.. I guess we shouldn't trust anything ever then.
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August 09, 2016, 09:24:46 AM
 #56

According to me There is only One Reason Of Buying Bitcoins From an Individual That Is You have To Submit Your Documents For Buying High Amounts Of Btc on Mostly Sites and No One Wants To Disclose Their Identity.......
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August 09, 2016, 09:40:10 AM
 #57

Anonymity from government is the first thing that comes to mind.   A chance to meet a fellow bitcoiner might be a second.  And meeting in a public place makes it harder to scam.  Face to face transactions do sound pretty cool.   I've never done one yet, because it's pretty easy to just use an exchange and much faster.  Even a bitcoin ATM would be easier.

If the original Backside walkaround can prove to me they are the old owner of this account, I can update the email address to the email address of their choosing.
Backside walkaround has lost access to their account as they used someone else's email address to sign up, and the owner of the email address got tired of random email notifications from this site after a few months and reset the password.
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August 14, 2016, 05:37:22 AM
 #58

Here are the reasons I can think of:
1. No ID and/or bank account available. Bitcoin exchanging websites usually asks for ID and bank account in order for you to buy/sell bitcoins.
2. Wants to buy/sell a large volume. People often open a thread for this. Often times, they get a discount when buying from an individual instead of buying from an exchanging site.
3. The buyer only have fiat or the seller only wants fiat. They can do meetups if this is the case. There's no exchanging site that gives you fiat directly in exchange to your coins and there is also no exchanging site that accepts paper money directly in exchange to coins.
4. They just don't. Some people just don't use exchanging websites like YoBit for some personal reasons.

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enhu
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August 14, 2016, 05:51:12 AM
 #59

i am not recommended to buy from individual on the forum, any forums unless you know that person individually. we have to trust someone before we have make a deal with him/her, so better buy from person which we already know. and i think if we don't know anything, we can buy from market exchange.

This way you won't make and succeed any business in life.

Think about it: do the millionaires and.. basically any businessman deal with acquaintances and close friends? No, the most work is done with complete strangers. We have to deal with it. My friends and family, for example, don't have BTC. They got just a small amount (<$10) max. So where should I buy from..? Exchange websites can be scams too. Bitfinex was, so.. I guess we shouldn't trust anything ever then.

While I hate to give advice about buying btc from users in the forum is better than on exchanges, i might just advice instead to simple submit IDs for safer transaction, its going to be less scammy. You'd be suspected as scammer as well if you want to pay thru paypal in exchange of bitcoin if you buy from an individual.

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densuj
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August 14, 2016, 06:04:36 AM
 #60


What are the possible reasons why someone will prefer to buy btc or any other crypto to someone from the forum particularly than on the exchange sites?
In my opinion they wanna keep be anonymous, because if we buy bitcoin or another cryptos coins on markets we must make verification and it is give our indentity.
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