beetcoin (OP)
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November 07, 2013, 11:24:30 PM Last edit: November 07, 2013, 11:39:50 PM by beetcoin |
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i've been using localbitcoins and it's a pain.. sellers want a 1.05 multiplier, and buyers went .95..
what are some good alternative ways to unload coins? maybe trade via this site, or buy gift cards.. or what? i'm not sure if i want to take the exchange route.
also: i'm kind of confused by the "spot prices" of exchanges. i'm looking at localbitcoins on bitcoincharts.com, and it's showing the latest price as $311.. but when i log on to localbitcoins.com, the spot is actually something like $289.. can someone explain?
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monbux
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November 07, 2013, 11:57:55 PM |
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Trading off this site is not bad. Just try not to buy with any reversiable payment methods, such as paypal. You will be highly frowned upon. There is frequent trades happening by bank transfers and in person on bitcointalk, see here (once you get out of newbie jail) https://bitcointalk.org/index.php?board=53.0
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beetcoin (OP)
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November 08, 2013, 12:01:49 AM |
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Trading off this site is not bad. Just try not to buy with any reversiable payment methods, such as paypal. You will be highly frowned upon. There is frequent trades happening by bank transfers and in person on [Suspicious link removed]ee here (once you get out of newbie jail) https://bitcointalk.org/index.php?board=53.0thanks, i was thinking about using this site.. could you answer my question about spot though? it's common that coins are traded based on spot price right? but which exchange do people use? or is it an aggregated spot? why is the "latest price" on bitcoincharts not the same as the spot on localbitcoins.com?
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Steveia
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November 08, 2013, 12:37:33 AM |
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i've been using localbitcoins and it's a pain.. sellers want a 1.05 multiplier, and buyers went .95..
what are some good alternative ways to unload coins? maybe trade via this site, or buy gift cards.. or what? i'm not sure if i want to take the exchange route.
also: i'm kind of confused by the "spot prices" of exchanges. i'm looking at localbitcoins on bitcoincharts.com, and it's showing the latest price as $311.. but when i log on to localbitcoins.com, the spot is actually something like $289.. can someone explain?
I think peer to peer exchanges are best. Avoid offical exchangers as they generally buy considerably less than spot and sell with premium. I have noticed that the price of bitcoins vary from site to site. This perhaps explains why.
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Gator-hex
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November 08, 2013, 01:43:50 AM |
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Stop converting them to fiat. Just spend them in the Bitcoin economy at places like www.bitcoinstore.com
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xkeyscore89
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November 08, 2013, 02:35:02 AM |
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I really like btcquick.com
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Vod
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Licking my boob since 1970
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November 08, 2013, 02:52:50 AM |
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I have 4100 to unload myself. Privacy is important. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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exstasie
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November 08, 2013, 03:00:52 AM |
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I have 4100 to unload myself. Privacy is important. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) If you want to send them over to me, I have no problem getting things private! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I'm almost at 1.... ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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shutik
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November 08, 2013, 03:21:53 AM |
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to O.P.
In my understanding spot price doesn't have to be the same. Usually there is a spread between what buyers want to pay and what sellers want to sell for. Spot price is theoretical number which could be used in calculating price of something else that depends on the price of bitcoin.
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tripppn
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November 08, 2013, 03:25:42 AM |
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Just blow them at the casino. That's my advice ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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“You can't be a real country unless you have a beer and an airline - it helps if you have some kind of football team, or some nuclear weapons, but in the very least you need a beer.” ― Frank Zappa
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beetcoin (OP)
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November 08, 2013, 04:04:19 AM |
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^ trading the coins is basically gambling with my coins. it's better than playing satoshi dice, since i get to learn the process.
yeah i might have to look into actually just spending my coins. after all, using the coins what it's meant for.. only problem is i'm not sure there are currently enough services that would accept bitcoin. besides, i can't spend bitcoins on everything.
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greenpips
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November 08, 2013, 04:29:49 AM |
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I really like btcquick.com
iam using btcquick.com too ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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LighningChun
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November 08, 2013, 06:50:46 AM |
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gyft? best place to buy amazon stuff
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Tulak
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November 08, 2013, 06:54:11 AM |
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why would you unload coins at the present time? btc are bound to rise. I see no reason to convert into fiat unless you got financial difficulties in the dollarworld.
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mel2000
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November 08, 2013, 07:40:10 AM |
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Any word yet on when MtGox becomes USA compliant so we can sell from there?
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ferda2mx
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November 08, 2013, 08:46:53 AM |
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Any word yet on when MtGox becomes USA compliant so we can sell from there?
I doubt this will ever happen, but you dont miss much, they obviously not liquid after seized US bank accounts and it is a question if MtGox survives
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mel2000
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November 08, 2013, 10:33:56 AM |
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OK, it looks like MtGox has registered with FinCEN but is involved with a breach of contract lawsuit with CoinLab. That might be complicating and delaying things.
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beetcoin (OP)
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November 08, 2013, 08:39:21 PM |
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why would you unload coins at the present time? btc are bound to rise. I see no reason to convert into fiat unless you got financial difficulties in the dollarworld.
you seem quite comfortable with the recent explosion of bitcoins.. but any time it triples within 1-2 weeks, there are bound to be plenty people who are concerned with a bubble.
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niothor
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December 02, 2013, 09:57:59 AM |
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why would you unload coins at the present time? btc are bound to rise. I see no reason to convert into fiat unless you got financial difficulties in the dollarworld.
you seem quite comfortable with the recent explosion of bitcoins.. but any time it triples within 1-2 weeks, there are bound to be plenty people who are concerned with a bubble. Are you still concerned with that bubble thingy?
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AndrewNoble
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December 02, 2013, 11:52:13 AM |
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I have 4100 to unload myself. Privacy is important. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) If you want to send them over to me, I have no problem getting things private! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I'm almost at 1.... ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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