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Author Topic: Bitcoins trading $230+ on ebay  (Read 402 times)
Oshero
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April 08, 2013, 04:47:51 AM
 #1

http://www.ebay.com/itm/1-Bitcoin-BTC-Bitcoins-Quick-Delivery-Bit-Coin-1-BTC-/321102143496?pt=LH_DefaultDomain_0&hash=item4ac32de008

It's true

Most of the Bitcoin auctions, BTC are going for $230+ on ebay.

As new adopters enter, it's only a matter of time for MtGox to catch up.

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nathangonmad
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April 08, 2013, 04:49:31 AM
 #2

They are selling at a higher price for the ease of service I guess, paypal etc. Ebay doesn't predict the MT Gox price ; )
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April 08, 2013, 04:51:48 AM
 #3

Yeah... I just mentioned something about that in your mt.gox thread. No way I was going for it. And they're taking quite a risk themselves as most were accepting paypal...


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Oshero
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April 08, 2013, 04:53:49 AM
 #4

Ebay doesn't predict MtGox price in the same way difficulty doesn't predict price.

It doesn't directly affect it, but there is a strong correlation.

Difficulty moves hand in hand with price more than 90% of the time if you remove outliers.

Over 80% with the outliers included.

I'm sure it's not far off.

Have I done you justice and made you money? Show your love, I'll take a penny. Tongue [Bitcoin Address] 14xnsossT3ve5vpDFe9BXsiSMbw3GVgvup
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[Litecoin Address] LNFVkd8C1CyKCLfPN58VXsqMF4HWMh52Cp Want to play an easy game for Litecoin? http://kamikaze.litecoinland.com/ref/4101


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RooKIED
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April 08, 2013, 05:51:02 AM
 #5

I really doubt those ebay auctions end up being successful deals. I think virtual goods are not allowed to be sold over there, and if the seller doesn't have proof of shipment and delivery then he loses any "item not received" case he's filed. That's a chargeback, he loses the bitcoins and the money he was paid. This is why bids get higher than expected, scammers just want to win those auctions to get those bitcoins in their filthy pockets.
MrPickles
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April 08, 2013, 05:54:43 AM
 #6

http://www.ebay.com/itm/1-Bitcoin-BTC-Bitcoins-Quick-Delivery-Bit-Coin-1-BTC-/321102143496?pt=LH_DefaultDomain_0&hash=item4ac32de008

It's true

Most of the Bitcoin auctions, BTC are going for $230+ on ebay.

As new adopters enter, it's only a matter of time for MtGox to catch up.


Back in 2011 it was this way too... very high on ebay
UtahNewbie
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April 08, 2013, 06:10:00 AM
 #7

There's a 10% fee for selling on Ebay and considering the risk of Paypal, $230 is pretty fair.
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