Selling Bitcoins more than double of the price? :O

[Leonard2016]

you can sell your bitcoin at any price that you like there is nothing stopping you.

in fact you can sell 1 bitcoin for $2000000 but that would only be offering the sale and as long as nobody buys it from you it stays an open order (or in other words it is called an ask price) but nobody will ever buy it at that price.

[Ayers]

you can sell your bitcoin at any price that you like there is nothing stopping you.

in fact you can sell 1 bitcoin for $2000000 but that would only be offering the sale and as long as nobody buys it from you it stays an open order (or in other words it is called an ask price) but nobody will ever buy it at that price.

this is what everyone should do to encourage a higher price i think, because if all the bitcoin holder start to do this, buyers are forced at the end to buy at higher price, maybe not like in your example lol, but let's say $1000

[krishna1]

in my country noting is too cheap and when matters comes to bitcoin then they are very costly and i have never bought a sigle bitcoin till now but have earned myself with and without investing a sum of money

[n691309]

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

This is not the only "rare" phenomena but this is normal and very very possible, and it's not only in bitcoin but we can see also on exchanges and when you see the graph of buy and sell order you can see that people sell more than x2 and it's completely normal.

[Doamader]

Well they arent selling they are trying to sell, usually at exchanges there are several walls between the current value and above, i dont trust such website that is asking 2x the bitcoin price i would buy them at exchange if not with the credit card i would go to localbitcoins.

[kanazawa]

When you buy with this kinda convenience it's implicit that you gonna have to pay more, because when a seller offers installments it costs a lot (~16% in some countries) or more, taking out the chargeback, etc. But look, if you're paying more than 30%, even I could sell coins to you. Take a look in localbitcoins (by paypal) or some ebAy paper wallet.

[Wendigo]

Dude you can even sell your Bitcoins for $5000 a pop if there is anyone crazy enough to buy them. That's why it's called a free market because everyone is free to offer whatever goods they want for whatever prices they see fit. It's a whole other story if anyone would actually get tempted by these prices but I think it's nearly impossible. There are some crazy prices on Ebay too but do people bid on them? I doubt so.

[wikenpp]

Dude you can even sell your Bitcoins for $5000 a pop if there is anyone crazy enough to buy them. That's why it's called a free market because everyone is free to offer whatever goods they want for whatever prices they see fit. It's a whole other story if anyone would actually get tempted by these prices but I think it's nearly impossible. There are some crazy prices on Ebay too but do people bid on them? I doubt so.

5k is a little bit too optimistic.  But selling your bitcoin for at least the double of the price is certainly a possibility. The only thing needed to achieve this goal is to hold your coins for a later moment. The price was at 1200, i am positive we can achieve this mark again within max. 3 years.

[Fraxinus]

Mate you can sell for whatever you want,It's the open market out there,experiment,people manage to sell the most ridiculous things,give it a shot mate,you never know until you really try

[Qunenin]

eBay was also famous for people selling worthless coins.  The best I saw was someone selling some altcoin that was literally named Bitcoins or similar.

[virasog]

Links in the ad pointed to BTC itself, but the coins were not even listed on most exchanges. 

[Ayers]

eBay was also famous for people selling worthless coins.  The best I saw was someone selling some altcoin that was literally named Bitcoins or similar.

it's not possible anymroe, there because they ban your account and remove the transaction, they are against bitcoin or any other crypto, better luck is to sell in some unknown forum for a greater price than the market or on localbitcoin, i saw someone selling for 2x the value

[Fatanut]

Just like in trading, some people puts an offer which is much much higher than the present price. Those people are actually just going to wait for a long time. They just leave the offer like that "just in case" the price of Bitcoin really gets doubled. However, there would be some actual people who would be dumb enough to buy at that price or maybe mistakenly buy that. Sorry to burst your bubble but you're going to wait for years before somebody actually buys at that price.

[pooya87]

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

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.

it is not necessarily scam or fishy.
when there is such a spread you can always check the volume or history or whatever feature these sites offer to see that those orders and no other order in the past were filled.

it is simply because these places are dead and nobody goes there to trade so you can place the only order at a very high price and there is no competition to out bid you.

[Aamir1]

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

You can find such offers in any exchange or website where people are bedding to sell their coins, maybe they are not willing to sell but just joking or maybe they think there will be some foolish people who will buy it with that rate, but it is nothing new, you should simply ignore that and find some other place for buying, use Localbitcoins.com which is the best i guess.

[Pursuer]

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

You can find such offers in any exchange or website where people are bedding to sell their coins, maybe they are not willing to sell but just joking or maybe they think there will be some foolish people who will buy it with that rate, but it is nothing new, you should simply ignore that and find some other place for buying, use Localbitcoins.com which is the best i guess.

there is a big difference between the orders you have in mind and the orders that OP saw on that particular site.

what you have in mind is the orders that are on popular exchanges and they mostly are to keep the funds on orderbooks and create some resistance sometimes in one direction or the other and you usually don't see big orders with big difference than market price.
for example on $590 there may be big volumes but on $450 there may be only a couple of orders from people who opened those positions and went away for awhile not watching the market.

what op sees is a not famous site that nobody ever visits so the only order is what he sees for example you can go there and open a sell order of $800 but who is there to buy it from you
and even if they buy they will buy 0.00001BTC max!

[X-ray]

in my country noting is too cheap and when matters comes to bitcoin then they are very costly and i have never bought a sigle bitcoin till now but have earned myself with and without investing a sum of money

actually you can buy bitcoin with any amount of money then you'll receive equivalent to it,buying bitcoin doesn't mean buying a whole of bitcoin or lets say 1 bitcoin or more,it's the reason that make bitcoin is flexible and if you're buying bitcoin with money and having bitcoin with equivalent value to the price when you buying it,can't say its expensive because actually your buying money with money

[pocarime32]

you can sell your bitcoin at any price that you like there is nothing stopping you.

in fact you can sell 1 bitcoin for $2000000 but that would only be offering the sale and as long as nobody buys it from you it stays an open order (or in other words it is called an ask price) but nobody will ever buy it at that price.

I'm very agree with you. Selling your bitcoin at any price is your rights. The problem is, if you sell your bitcoin more than double of the price anyone will not buy it. Because it's overpriced.

[ChronoLite]

In the past , you can sold your bitcoin double on the short-term . But for now , you must wait at least a year I think for double your rates.
Bitcoin's price is stable right now , maybe it takes longer time to getting profit from trading bitcoin.

[danherbias07]

Thats awfully high. Go to another website. You will be wasting a lot of money with that. It is robbery on the process. Why does some website do this.