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Author Topic: Selling Bitcoins more than double of the price? :O  (Read 2273 times)
MehdiBmm
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September 03, 2016, 04:44:27 PM
 #1

Okey guys, so I wanted to buy some bitcoins (0.01 to be precise XD) with my MasterCard and I ended up in a weird place!

Look at the price per Bitcoin :



So this Is a huge opportunity for income right? can I do this too? How IS IT EVEN POSSIBLE? :O
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September 03, 2016, 04:47:07 PM
 #2

In some places they sold at 30% or 40% more than the original price plus a comission....

i have some Btcs for sale at 60%


... kidding


Maybe they actually dont update the databases yet.

Good day
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September 03, 2016, 04:48:55 PM
 #3

In some places they sold at 30% or 40% more than the original price plus a comission....

i have some Btcs for sale at 60%


... kidding


Maybe they actually dont update the databases yet.

Good day

The guy Is online few minutes ago! I think they're doing It on purpose, when you hover the thing It tells you that the price Is compared to the fast service & quality of exchange. WHAT THE HELL :O
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September 03, 2016, 05:16:48 PM
 #4

You have searched in paxful try localbitcoins to search any offer for mastercard, but actually if you are from coinbase supported countries than you can directly buy with them at market rate. Check their supported countries and cards.



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September 03, 2016, 05:52:55 PM
 #5

I usually buy bitcoins to my friends as they will offer me lower than the market price since some of them badly needed the money.  So you may want to join a group and luckily you could find bitcoin for sale with low price than the original.  As what on the table that you post, yeah it is normal that people will sell their btc at higher price than its market value.  We know thst bitcoin is a really good investment and trust worthy that is why they sell it for more than its value.
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September 03, 2016, 06:28:20 PM
 #6

Yeah be abit weary when things seem to good to be true with bitcoin.  i have learnt the hard way myself and ended up losing 1.5 BTC,  just be weary
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September 03, 2016, 06:37:02 PM
 #7

Okey guys, so I wanted to buy some bitcoins (0.01 to be precise XD) with my MasterCard and I ended up in a weird place!

Look at the price per Bitcoin :



So this Is a huge opportunity for income right? can I do this too? How IS IT EVEN POSSIBLE? :O

Just because somebody is offering to sell bitcoins at that price, it doesn't mean anyone is willing to buy them at that price. Would you?

Buy bitcoins with cash from somebody near you: LocalBitcoins
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MehdiBmm
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September 03, 2016, 11:22:32 PM
 #8

Okey guys, so I wanted to buy some bitcoins (0.01 to be precise XD) with my MasterCard and I ended up in a weird place!

Look at the price per Bitcoin :



So this Is a huge opportunity for income right? can I do this too? How IS IT EVEN POSSIBLE? :O

Just because somebody is offering to sell bitcoins at that price, it doesn't mean anyone is willing to buy them at that price. Would you?

I wouldn't OF COURSE! but I think that I would be selling at that price too Tongue
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September 04, 2016, 12:50:19 AM
 #9

Okey guys, so I wanted to buy some bitcoins (0.01 to be precise XD) with my MasterCard and I ended up in a weird place!

Look at the price per Bitcoin :



So this Is a huge opportunity for income right? can I do this too? How IS IT EVEN POSSIBLE? :O

Can you do this (offer to sell bitcoins at obscene rates) too? - Yes.
Will you find buyers at this rate? - No
So this is not a huge opportunity.
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September 04, 2016, 05:23:03 AM
 #10

Okey guys, so I wanted to buy some bitcoins (0.01 to be precise XD) with my MasterCard and I ended up in a weird place!

Look at the price per Bitcoin :



So this Is a huge opportunity for income right? can I do this too? How IS IT EVEN POSSIBLE? :O

Can you do this (offer to sell bitcoins at obscene rates) too? - Yes.
Will you find buyers at this rate? - No
So this is not a huge opportunity.

Yes it is a huge opportunity if that site really pays. Before we deposit our bitcoins on that site we must check and review that site. it could be just a scheme to get more bitcoin and in the end run away while  you re being left behind without being paid. So its better to check things out before doing any transactions with that site. The buying rate on that site is very fishy so its my suggestion to double check and look on the scam sites list. Its better to be safe than to lose our bitcoins.

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September 04, 2016, 05:32:11 AM
 #11

as long as there are other places to buy bitcoin with the market price from an exchange or if you want other not so popular ways like from localbitcoins with cash, paypal,... it would be only ~10%-20% above price ($720 on localbitcoins right now) nobody will choose a super high price unless they are unaware of other places and too lazy to use google Cheesy

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September 04, 2016, 06:05:57 AM
 #12

as long as there are other places to buy bitcoin with the market price from an exchange or if you want other not so popular ways like from localbitcoins with cash, paypal,... it would be only ~10%-20% above price ($720 on localbitcoins right now) nobody will choose a super high price unless they are unaware of other places and too lazy to use google Cheesy
Yes, I agree. I think most bitcoin users now are well aware and are finding a good site to buy bitcoin at a good price. A little bit high or low price compared to the market price is okay but super high or low prices are a bit fishy. Well, most common scam is those too good to be true offers of really cheap price.

@OP you're right, the site seems to offer bitcoin at that price on purpose. Maybe just in case some people will buy from them, but don't sell at that price too (as you're thinking) because it's too high and I think it won't really work.

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September 04, 2016, 07:27:24 AM
 #13

as long as there are other places to buy bitcoin with the market price from an exchange or if you want other not so popular ways like from localbitcoins with cash, paypal,... it would be only ~10%-20% above price ($720 on localbitcoins right now) nobody will choose a super high price unless they are unaware of other places and too lazy to use google Cheesy


If he knows the direct trader who ever near by him then he try to buy with him right and I would agree that localbitcoins is right place to purchase or sell the bitcoins very easily.
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September 04, 2016, 04:51:31 PM
 #14

usualy sellers of bitcoin ad beetwen 5/6% more than exchanges price

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September 04, 2016, 04:51:46 PM
 #15

In some places they sold at 30% or 40% more than the original price plus a comission....

i have some Btcs for sale at 60%


... kidding


Maybe they actually dont update the databases yet.

Good day
they forget to update the database for a few years? Cheesy seems legit i guess Cheesy thats bullshit i would never buy bitcoins on such websites

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September 04, 2016, 05:41:17 PM
 #16

that offer is possible and you can do too. but if you want to get profit, then you should sell bitcoin in 10%-15% from the market exchange ot before you selling your bitcoins, maybe you can make research to other seller and you know how much average selling price in that localbitcoin so you can make your own price between on the offer and you can get profit for that.


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September 04, 2016, 06:09:13 PM
 #17

This is a Paxful website, right? Wasn't there some kind of problems with this site and the way they run their business?

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Tanic
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September 04, 2016, 06:14:40 PM
 #18

I already saw that thing when the official price for bitcoin is like 570$ and on the exchanger site they buy and sell it like for 590$. I was curios about it and asked on the forum, but nobody answered me.
ivanst776
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September 04, 2016, 07:08:26 PM
 #19

Okey guys, so I wanted to buy some bitcoins (0.01 to be precise XD) with my MasterCard and I ended up in a weird place!

Look at the price per Bitcoin :
IMG
So this Is a huge opportunity for income right? can I do this too? How IS IT EVEN POSSIBLE? :O

Who would buy at that price, $1200+ is almost the double price of the today's bitcoin's price.

I wouldn't worry more about this because people have the freedom to sell their bitcoin as much as they want but who will buy at this exchange rate?


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Yakamoto
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September 04, 2016, 08:06:58 PM
 #20

Okey guys, so I wanted to buy some bitcoins (0.01 to be precise XD) with my MasterCard and I ended up in a weird place!

Look at the price per Bitcoin :



So this Is a huge opportunity for income right? can I do this too? How IS IT EVEN POSSIBLE? :O
So the guy is selling it for double the value, ok, but the question becomes is anyone even going to bother buying it at that value? I highly doubt that unless something changes visibly the market you're going to have is basically next to nothing, and there will be next to no money actually made by you.

Also do you have a hard time with markets? I can sell a Bitcoin for a million dollars right now and it doesn't mean anyone will buy it. There is no limit to what you can advertise you're selling it at, all that matters is who is willing to buy it. And based on that image, no-one is buying it.














 

 

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