Axorb/ mukundh3 [Resolved]

[Benson Samuel]

Buying 10 btc from axorb. Will keep you all updated

I think mukundh3 was buying 10 BTC only for first trade.

As per previous post. But if you notice, the seller address does not have 20 BTC.

Balance was: 10.12081085 BTC

Apologies. My mistake. The account is well funded. I withdraw from this inquiry.

[Pinwheel]

Benson, thanks for explaining it to me. I been a dick, sorry.
seller address is
http://blockchain.info/address/1AkB4Ro91L1LETgZmX7xgSw75AUqQnUFLN

it only received 10btc recently

[Benson Samuel]

Benson, thanks for explaining it to me. I been a dick, sorry.
seller address is
http://blockchain.info/address/1AkB4Ro91L1LETgZmX7xgSw75AUqQnUFLN

it only received 10btc recently

 , happens.

[Pinwheel]

let me explain something about competition, as I wrote previously, I do not sale much here. And not much anywhere too. I prefer invest bitcoins and do not sale it. When I need to sale I sale on Mtgox.

What do you think my total transactions were here   (((  2.5 btc ))). Not count one transaction with buysellbitcoins, whom I know much before coming to this forum.

ONCE again I do not look for any business here!!

I'm here just because I care how becoins will be seen and accepted in India. I hope we can change situation for better, on initial stage there is always such up and downs. Give it some time and it all will all sorted out.

As of now we do not have common idea of what is scam offer and what is not. I would consider as a scam any sale offer where seller do not have required btc he offered for sale at the moment he made that offer. 

[Amitabh S]

Here you can use reputed escrows on forum who escrow-ed millions of dollars deals, or ask Benson for escrow. How it work? Ask seller to send bitcoins to Benson. Once Benson will acknowledge that bitcoins in correct amount been received, you can make bank transfer to seller account. Once seller will receive money, he will give instructions to Benson to send bitcoins to you. As you can see escrow good for both for protection of seller and buyer. If seller asking you to send money first, HE IS TRYING TO SCAM you. Stay away from such deals.

How does escrow handle these two situations:

• Buyer never makes bank transfer.
• Seller receives transfer but claims he never received it.

[Benson Samuel]

How does escrow handle these two situations:
Buyer never makes bank transfer.

Crypto is only held for 48 hours or as per the contract.

Seller receives transfer but claims he never received it.

That is why escrow has a cost. There will be a damn detailed investigation if there is a claim made.

[mukundh3]

Here you can use reputed escrows on forum who escrow-ed millions of dollars deals, or ask Benson for escrow. How it work? Ask seller to send bitcoins to Benson. Once Benson will acknowledge that bitcoins in correct amount been received, you can make bank transfer to seller account. Once seller will receive money, he will give instructions to Benson to send bitcoins to you. As you can see escrow good for both for protection of seller and buyer. If seller asking you to send money first, HE IS TRYING TO SCAM you. Stay away from such deals.

How does escrow handle these two situations:

• Buyer never makes bank transfer.
• Seller receives transfer but claims he never received it.

My and axorb exchanged quite a few pm's (which i did keep a backup of), but yes in future i can see why it helps to keep all details except bank and personal ones public. The transaction was of 10 btc (should have mentioned sorry). Also, from my end, i sent axorb the picture of the cash deposit receipt. Even if amount has not been recieved in seller account, receipt can be used to show that buyer did in fact make deposit.

Now lets get the thread back on track, still buying 10 btc

[Benson Samuel]

Here you can use reputed escrows on forum who escrow-ed millions of dollars deals, or ask Benson for escrow. How it work? Ask seller to send bitcoins to Benson. Once Benson will acknowledge that bitcoins in correct amount been received, you can make bank transfer to seller account. Once seller will receive money, he will give instructions to Benson to send bitcoins to you. As you can see escrow good for both for protection of seller and buyer. If seller asking you to send money first, HE IS TRYING TO SCAM you. Stay away from such deals.

How does escrow handle these two situations:

• Buyer never makes bank transfer.
• Seller receives transfer but claims he never received it.

My and axorb exchanged quite a few pm's (which i did keep a backup of), but yes in future i can see why it helps to keep all details except bank and personal ones public. The transaction was of 10 btc (should have mentioned sorry). Also, from my end, i sent axorb the picture of the cash deposit receipt. Even if amount has not been recieved in seller account, receipt can be used to show that buyer did in fact make deposit.

Now lets get the thread back on track, still buying 10 btc

If you would like, I can move the nasty parts of the topic to a new thread, but it is your call as this is your thread.

[mukundh3]

Here you can use reputed escrows on forum who escrow-ed millions of dollars deals, or ask Benson for escrow. How it work? Ask seller to send bitcoins to Benson. Once Benson will acknowledge that bitcoins in correct amount been received, you can make bank transfer to seller account. Once seller will receive money, he will give instructions to Benson to send bitcoins to you. As you can see escrow good for both for protection of seller and buyer. If seller asking you to send money first, HE IS TRYING TO SCAM you. Stay away from such deals.

How does escrow handle these two situations:

• Buyer never makes bank transfer.
• Seller receives transfer but claims he never received it.

My and axorb exchanged quite a few pm's (which i did keep a backup of), but yes in future i can see why it helps to keep all details except bank and personal ones public. The transaction was of 10 btc (should have mentioned sorry). Also, from my end, i sent axorb the picture of the cash deposit receipt. Even if amount has not been recieved in seller account, receipt can be used to show that buyer did in fact make deposit.

Now lets get the thread back on track, still buying 10 btc

If you would like, I can move the nasty parts of the topic to a new thread, but it is your call as this is your thread.

That would be quite nice actually. Cheers

[legendster]

@mukundh3 be careful with smart kids here, who do not have nothing not a bitcoins not a money. They usually ask client to pay in advance, then they will rush to someone, who has bitcoins and try to buy in a hurry bitcons on lower rate and then send bitcons to you. Always be sure to ask a prove of that vendor has bitcoins, ask him to show you address and ask him to sign a message with your name to prove that it is in fact his address.

@Benson this BS trading practice have to be stopped here, any one who trying to sell btc without having it, have to be given SCAM TAG.
if you go soft of them, that can means only one thing - You are involved in it yourself!

Who is selling BTC without having it? If proven, that would involve a scam tag or an inquiry at the very least.
And I agree with the fact that anyone trading BTC without Escrow, Reputed sellers or Face to Face, will eventually get scammed like a rockstar.

why not mukundh3 will come out and post names of those who offered bitcoins to him.

for example legendster made a offer,

I'll give you similar rates of what you are asking.

show us 20 btc dear

---

JUST because you own some fast ASICs doesnt give you the right to insult me this way.
Everyone knows I dont SELL my coins, I buy coins with the buyer's money.
And I say this openly before all transactions.

[Wilson]

I agree with the majority. Only those who have mining farms can sell any number of bitcoins and will have the monopoly over it. For those who are stepping into the bitcoin world can do nothing but trade bitcoins and make very less profits in between. As they may not be able to afford the miners or they will end up in a queue for an year if its butterfly. Unless they balance the supply and demand, guess things should be fine. Buying from a seller who does not have any without an escrow might be problem. Other than that, its not a scam as far as I have understood from Benson's quote.

[Benson Samuel]

I agree with the majority. Only those who have mining farms can sell any number of bitcoins and will have the monopoly over it. For those who are stepping into the bitcoin world can do nothing but trade bitcoins and make very less profits in between. As they may not be able to afford the miners or they will end up in a queue for an year if its butterfly. Unless they balance the supply and demand, guess things should be fine. Buying from a seller who does not have any without an escrow might be problem. Other than that, its not a scam as far as I have understood from Benson's quote.

Nope, was not a scam as nobody got hurt. But it did seem like quite a high risk transaction.