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bit_stacker (OP)
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September 16, 2014, 08:21:24 AM |
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For example, let's say the market rate is $US500/bitcoin, what kind of discount below market rate could be expected in a trade for 10, 20, 50 or 100 bitcoin?
Who deals in those kinds of quantities?
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Bitcoins101
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September 16, 2014, 08:46:44 AM |
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For example, let's say the market rate is $US500/bitcoin, what kind of discount below market rate could be expected in a trade for 10, 20, 50 or 100 bitcoin?
Depends who you're dealing with and who wants to buy or sell more. LocalBitcoins is a good place to get asking prices. You'll probably have an easier time getting closer to market if you're selling BTC, rather than buying; it really can go either way, though.
Who deals in those kinds of quantities?
I do, if you're local to me.
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bit_stacker (OP)
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September 17, 2014, 07:43:55 AM |
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Aha. Thanks for reply. I don't suppose you're also in SE Queensland?
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frankenmint
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September 17, 2014, 09:39:26 AM |
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if you're looking to buy more than 100 BTC all at once, you could possibly get them from Bitpay??? (Idk what their minimum buy limit is but I have read and heard from Tony Gallippi that they do privately sell larger amounts of bitcoin to private parties who are interested)
I'm pretty sure that you will not be able to buy them with a discount because I could simply sell them in smaller increments at market rate if I wanted to get my money from them and often someone holding a substantial portion of bitcoin is worried about the risk of losing out on profit if the price rallies to a new all time high.
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Bitcoins101
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September 17, 2014, 10:09:40 AM |
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Aha. Thanks for reply. I don't suppose you're also in SE Queensland?
Nope. Ask TradeFortress. He has 4.1K BTC he can sell to you and he's in Australia. |
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Brewins
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September 17, 2014, 12:17:24 PM |
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They won't be traded for discount, but for a premium.
Bulk orders have the power to move the market, and might be too noisy on ecchanges
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Bitcoins101
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September 17, 2014, 01:11:16 PM |
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They won't be traded for discount, but for a premium.
Bulk orders have the power to move the market, and might be too noisy on ecchanges
Meh, depends on the market and the buyer and seller. 100 bitcoins is like OKcoin's transaction volume every minute. That's not moving the market. |
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bit_stacker (OP)
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September 17, 2014, 07:44:58 PM |
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I had to search to get the TradeFortress reference. I hope that was a joke and not serious advice.  |
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RodeoX
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September 17, 2014, 07:48:40 PM |
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My opinion is that above $10K worth could be considered bulk. I would expect to give a discount if I sold 20BTC. I would also expect a better price buying that many. That's just me though. One thing about bitcoin, the price of your coins is whatever you say it is.
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coinbuyer
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September 17, 2014, 10:34:03 PM |
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Me 10 is small considering the price is now low for the moment. think 15 btc is bulk. my opinion though.
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My Negative feedback was that am being accused wrongly of owning 5 websites. I never own anyone@all.
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frankenmint
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September 18, 2014, 02:50:53 AM |
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Aha. Thanks for reply. I don't suppose you're also in SE Queensland?
Nope. Ask TradeFortress. He has 4.1K BTC he can sell to you and he's in Australia. BURN  My opinion is that above $10K worth could be considered bulk. I would expect to give a discount if I sold 20BTC. I would also expect a better price buying that many. That's just me though. One thing about bitcoin, the price of your coins is whatever you say it is.
Welcome to my friends list I'll need to be sure to find you on mycellium local trader to buy from you the next time I want to buy 20 BTC. Hypothetically how much would you offer as a discount? half a percent? a whole percent off? Moar?  |
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logictense
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September 20, 2014, 02:26:25 PM |
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mmm I wish i could, but i've never bought bitcoins with discounts. I used to buy locally (mostly below $7-8K worth) but never saw the one out of my region who could offer negotiable prices in bulks
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TrailingComet
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September 26, 2014, 04:20:37 PM |
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Anything over a 100 coins would qualify as bulk and should get you a discount to the major exchanges
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haploid23
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September 27, 2014, 11:52:35 AM |
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Anything over 21million is considered bulk. I expect a discount if I buy that many.
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btcguys
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September 28, 2014, 01:27:51 AM |
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So do we have a seller who wants to sell bulk orders (~6k USD) for a small discount?
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rivoke
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October 02, 2014, 10:35:35 AM |
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it depends tho but generally over 50 is bulk
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toleng
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October 03, 2014, 04:31:42 AM |
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For example, let's say the market rate is $US500/bitcoin, what kind of discount below market rate could be expected in a trade for 10, 20, 50 or 100 bitcoin?
Who deals in those kinds of quantities?
There is no amount that you can buy from one seller at once to be able to command a discount below the market rate. You may be able to a trader to reduce their premium for larger orders but would not erase it completely (as they could simply sell on an exchange). If you wanted to buy bitcoin at a discount then you should post an offer to buy at a discount verses the market price and people who specifically want to sell right away. |
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Itsumo
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October 03, 2014, 05:19:10 AM |
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Okay.. Where can I buy that big amount sir? I mean I know where to buy, but can I be assured that its a safe place to buy it? Where do you buy yours? |
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JrInvade
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October 03, 2014, 06:21:16 AM |
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I think over 50 is bulk
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btceuropen
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October 16, 2014, 08:00:19 AM |
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Okay.. Where can I buy that big amount sir? I mean I know where to buy, but can I be assured that its a safe place to buy it? Where do you buy yours? I certainly can not sell it to you so much Bitcoin once, in fact, when you buy bitcoins in exchange, it's not completed an order from one only. for example, if I buy 50 bitcoin on LakeBTC, probably 5 btc from A, 20 btc from B, and others from C D E F G... as long as their ask match with my bid. This is essence of Exchange; to buy bitcoins in a place that called Changer. |
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Jamacn
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October 16, 2014, 09:58:31 AM |
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Okay.. Where can I buy that big amount sir? I mean I know where to buy, but can I be assured that its a safe place to buy it? Where do you buy yours? I certainly can not sell it to you so much Bitcoin once, in fact, when you buy bitcoins in exchange, it's not completed an order from one only. for example, if I buy 50 bitcoin on LakeBTC, probably 5 btc from A, 20 btc from B, and others from C D E F G... as long as their ask match with my bid. This is essence of Exchange; to buy bitcoins in a place that called Changer. Agree with you, Exchanges should not be involved in the trade, so Coinbase, BitInstant etc they are not Exchange, that's why their fee is more expensive. |
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secondwave
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October 20, 2014, 12:02:01 PM |
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id agree tht 50 btc is definitely considered bulk lol thats around $19000 at current rates
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Cortex7
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October 20, 2014, 12:23:38 PM |
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Okay.. Where can I buy that big amount sir? I mean I know where to buy, but can I be assured that its a safe place to buy it? Where do you buy yours? I certainly can not sell it to you so much Bitcoin once, in fact, when you buy bitcoins in exchange, it's not completed an order from one only. for example, if I buy 50 bitcoin on LakeBTC, probably 5 btc from A, 20 btc from B, and others from C D E F G... as long as their ask match with my bid. This is essence of Exchange; to buy bitcoins in a place that called Changer. Agree with you, Exchanges should not be involved in the trade, so Coinbase, BitInstant etc they are not Exchange, that's why their fee is more expensive. Any trade mechanism IS an exchange mechanism, be it local bitcoins or an online exchange. The mechanism is simple... buyers meet sellers in a free market. Just log into the various exchanges and check out their fee schedule, you will see some have fixed fees, some have tiered fees where the more fiat equivalent you trade the lower the trade fee is. Some have no trade fees. Buying using local bitcoins is relatively expensive, you have to pay for the sellers time, transport and then perhaps a little more, which is fair enough, the free market has found the price in this scenario. If you want to make a little income then buy any amount of bitcoin on a zero fee exchange and sell them on local bitcoins. "Bulk" purchase will get you no discount in this case because it's zero fee to purchase anyway. In fact if you want to log into exchange and buy 50 btc with one click then you will pay a higher purchase rate than buying 1 btc because your order will have to go a little further down the order book to be completely filled. |
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BootstrapCoinDev
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October 26, 2014, 06:06:43 PM |
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I wonder how weird should a person possibly be to sell bitcoins in bulks below market price, the only reason I can think of for why someone would do this is to avoid taxes, but the discount he's selling for is usually more than the a few percents in taxes you would pay if he just takes them to a place like coinbase.
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