Hi all,
I really like Localbitcoins, it works really well when buying/selling through SEPA bank transfers, and there are no long delays to receive bank transfers as can happen with the big exchanges. However trade volume is still tiny compared to MtGox or Bitstamp, so that buying/selling even medium amounts of
BTC can be tiresome.
For example, this was the Localbitcoins orderbook today for SEPA bank transfers:
https://localbitcoins.com/buy-bitcoins-online/sepa-eu-bank-transfer/https://localbitcoins.com/sell-bitcoins-online/sepa-eu-bank-transfer/Too small, right? Specially compared to this:
http://bitcoincharts.com/markets/mtgoxEUR.htmlSo we are trying to get more people to post ads here to help this market reach critical mass. Once there are a few hundred buy/sell ads the market will be much more useful and will then just continue to grow organically.
How can you help? Simple just do the following:
1. If you don't have a localbitcoins account, get one.
2. Make a few small trades to get a decent reputation (5-10)
3. Post a buy ad at
40€/
BTC and a sell ad at
120€/
BTC.
*Don't post your buy/sell ads using the mtgox equation, but just do them at a fixed price (advanced options --> Price equation = 40/120)