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April 18, 2013, 02:43:51 PM |
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Cheap prices are normally good news but...
Very funny and ironic, I started selling on Bitbargain today and the markups are less than 10%. One seller is selling for £64 as we speak the mtgox rate is £62.48. I dont know if things are like this for today only, but as the amount of sellers on both websites increases, the competition is getting fiercer by the day. I am telling you its a bloodbath out there, i simply can't compete anymore. FYI i am selling at 6% mtgox rate, which i thought was very low.
Considering the fees involved with other methods, today buying within the UK is king.
Check it out for yourself if you like.
One chap on localbitcoins was selling for £61.99 when the market rate was £62.48
These dirt cheap prices in UK might be a sign that demand for bitcoin is dwindling.
Thought i would jump the bandwagon and share the spoils having seen the insane markups of the past couple of weeks, seems like i am too late.
Can anyone explain what is going on?
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