1 BTC sold for 9832 US Dollars (!) on ebay

[dego]

No shit! Somebody just bought 1 BTC for 10'000 Canadian dollars (9832US$) on ebay. Here's the auction:

http://j.gs/1678/btcebay

(along with some ads for my finding)

Shit, I shoulda sell my BTCs on Ebay too...

[HowGudAmI]

No shit! Somebody just bought 1 BTC for 10'000 Canadian dollars (9832US$) on ebay. Here's the auction:

http://j.gs/1678/btcebay

(along with some ads for my finding)

Shit, I shoulda sell my BTCs on Ebay too...

Bit mean to monetise the link...
here is the full one for anyone looking to save the time it takes to wait: http://www.ebay.com/itm/1-Full-Bitcoin-Sent-Your-Online-Wallet-/161042374155

It was probably bid up falsely in some way, either stolen accounts or two people having a joke.

[dego]

cmon, it was work to copy it in here... 

[junglist.massive]

this is how to make money!

[naphto]

I can sell you a btc for half that price if you want

[Micky25]

I wonder how things like these can happen. Same user with different accounts? Purpose? 

[junglist.massive]

well in a couple of years buyer will sell that 1BTC with profit

[malevolent]

I wonder if the seller is going to be able to withdraw the money from his paypal account 

[Blazr]

I'm willing to bet up to 10BTC that the paypal transaction will be reversed because the account is hacked or because the buyer will claim they received nothing.

[RoadToHell]

Is this the same bitcoin with an image of Buddha and Jesus that Abraham Lincoln was paid for chopping wood back in the day?  Personally, I wouldn't have paid more than $7k for it.

[moiraine]

happens on ebay all the time, transaction never actually happens though

[dego]

happens on ebay all the time, transaction never actually happens though

True, I think a redditor made the right point as he said:

People sell Bitcoins on ebay with the intention to screw the buyer.
People buy Bitcoins on ebay with the intention to screw the seller.

http://www.reddit.com/r/Bitcoin/comments/1d5c2c/i_bought_a_bitcoin_on_ebay_using_paypal_be/

[viboracecata]

I wonder how things like these can happen. Same user with different accounts? Purpose? 

+1

[Bogdan]

This won't be paid in the end.

[naphto]

No feedback yet, just wait
Maybe he will never pay it

[dRMergatroid]

I want to believe, Help me JEsus, help me believe!

[bitcoinpreneur]

No feedback yet, just wait
Maybe he will never pay it

   Exceptional Seller!!!   mafishco ( 656)     Jun-18-13 16:44
    1 Full Bitcoin Sent To Your Online Wallet (#161042374155)   C $10,000.00   View Item

Still smells a bit funny.

[Micky25]

maybe money laundering

[Diamondstarfall]

maybe money laundering

This seems most likely

[pinacolada]

Hmm.. The most logical explanation for this occurrence is likely to be the most common one: bids were placed by non paying eBay customers. The hypothesis that the very top bidders are trying scam the seller seller is unjustified. My reasoning is as follows. If scammers can file chargebacks by only spending a reasonable amount like $150, then the sale would match an actual real world model better. If sales match real world models better, then the scams would be more realistic, making it easier for the sellers to fall for the scam. The sales do not match real world models. Therefore, it is harder for sellers to fall for the scam. Customers intending to file Paypal disputes would not want sellers to be in such a state. Consequently, the top bidders are not trying scam the buyer. Appraising the situation using cost vs. benefit analysis demonstrates that it is improbable that any of the customers who placed the outlandish bids are pulling any scams. The assertion that the seller placed bids on his or her own auction could be true. There is no way to prove that it is not. But it is unlikely to be so.