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Author Topic: Why do people pay 95-100 dollars per bitcoin in my localbitcoin.com area?  (Read 717 times)
AeroJohn (OP)
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March 27, 2013, 09:26:53 AM
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How do I even compete with that lol.

Edit; no they are not paying with paypal.
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tutkarz
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March 27, 2013, 09:54:03 AM
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because they are worth much more?

MarkBTC
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March 27, 2013, 09:56:22 AM
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Due to high volatility they're safeguarding themselves against fluctuations in Bitcoin prices.

If they arrange to meet with you 2 days from now, the BTC/USD rate could have moved by quite a few percentage points already.
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March 27, 2013, 02:10:45 PM
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How do I even compete with that lol.

Edit; no they are not paying with paypal.

Speculation. But I have to say it's not completely unwarranted.
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March 27, 2013, 02:18:22 PM
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How do I even compete with that lol.

Edit; no they are not paying with paypal.

Speculation. But I have to say it's not completely unwarranted.
I paid $5 over spot locally last week.  But I don't regret it today.

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March 27, 2013, 02:23:58 PM
 #6

Well buying local can avoid the the majority of fees.
Which might account for a slightly higher price sometimes.

Having tried a few exchanges, It does tempt me to do it.

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