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Raystonn (OP)
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October 08, 2014, 01:29:56 AM |
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Why would anyone sell on an exchange when you can get 8% more cash selling to this guy: https://medium.com/bitcoin-is-the-future/get-8-more-cash-when-you-sell-your-bitcoin-bad3542457cdIn fact, this is an immense arbitrage opportunity. At these prices you can make about $27 per Bitcoin that you buy on an exchange and sell to him. The only requirement is you must do at least 10 BTC. So that means there should never be any sells on exchanges that are greater than or equal to 10BTC or the seller is an idiot. |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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jaberwock
Legendary
 Online
Activity: 2548
Merit: 1073
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October 08, 2014, 01:36:41 AM |
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Why would anyone sell on an exchange when you can get 8% more cash selling to this guy: https://medium.com/bitcoin-is-the-future/get-8-more-cash-when-you-sell-your-bitcoin-bad3542457cdIn fact, this is an immense arbitrage opportunity. At these prices you can make about $27 per Bitcoin that you buy on an exchange and sell to him. The only requirement is you must do at least 10 BTC. So that means there should never be any sells on exchanges that are greater than or equal to 10BTC or the seller is an idiot. I don't have more than 8 BTC  But for 8% would be worth take a short term loan |
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Raystonn (OP)
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October 08, 2014, 01:43:18 AM |
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Why would anyone sell on an exchange when you can get 8% more cash selling to this guy: https://medium.com/bitcoin-is-the-future/get-8-more-cash-when-you-sell-your-bitcoin-bad3542457cdIn fact, this is an immense arbitrage opportunity. At these prices you can make about $27 per Bitcoin that you buy on an exchange and sell to him. The only requirement is you must do at least 10 BTC. So that means there should never be any sells on exchanges that are greater than or equal to 10BTC or the seller is an idiot. I don't have more than 8 BTC But for 8% would be worth take a short term loan Go for it. Since he's using Bitcoinaverage to set his price, you're going to get the price *after* your buy too. This guy eats any slippage. |
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derpinheimer
Legendary
 Offline
Activity: 896
Merit: 1000
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October 08, 2014, 01:57:17 AM |
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Yeah, I'm gonna trust this guy. He has a short little description of a service, with spelling and formatting issues, a blurry picture as his background, and a complete lack of background info!
It's just some guy waiting for a big deposit and hes gonna pocket it.
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money420weed
Member
Offline
Activity: 78
Merit: 10
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October 08, 2014, 06:07:25 AM |
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Why would anyone sell on an exchange when you can get 8% more cash selling to this guy: https://medium.com/bitcoin-is-the-future/get-8-more-cash-when-you-sell-your-bitcoin-bad3542457cdIn fact, this is an immense arbitrage opportunity. At these prices you can make about $27 per Bitcoin that you buy on an exchange and sell to him. The only requirement is you must do at least 10 BTC. So that means there should never be any sells on exchanges that are greater than or equal to 10BTC or the seller is an idiot. I don't have more than 8 BTC But for 8% would be worth take a short term loan I am skeptical that he is running some kind of scam. I would speculate that he is going to ask you to send your bitcoin to him first and then he would not pay you. There is no real reason why he would offer such a premium like this when you can easily get a discount buying on LBC if you are providing liquidity |
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piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
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October 08, 2014, 06:12:46 AM |
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Yeah, with 0 feedback and no OTC rating, he must be legit! Let me send him all my BTC, because we know that nobody ever scams anyone in bitcoin world!
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i am satoshi
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lyth0s
Legendary
Offline
Activity: 1260
Merit: 1000
World Class Cryptonaire
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October 08, 2014, 06:41:47 AM |
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Spelling and grammar issues everywhere. He clearly doesn't speak English natively and is claiming to be located in England.
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dropt
Legendary
Offline
Activity: 1512
Merit: 1000
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October 08, 2014, 06:59:27 AM |
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Maybe I should fly to London and check this thing out. What you guys think the chances are that the exchange rate wont go up by 7.5% in the week it'd take to sell 300BTC and get the cash back on the exchange?
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Wilhelm
Legendary
Offline
Activity: 1652
Merit: 1265
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October 08, 2014, 07:18:00 AM |
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This thing has SCAM written all over it. - Mail the guy on secure-mail.biz which happens to NOT log IP adresses or keep track of the person using it. - Big transaction (cos you won't do it twice  ) - You get money AFTER sending them coins. - P2P no middleman so no chance in hell you're getting your cash or btc back. - Google doesn't give any information on the company Just saying it's fishy.... But then again if you have 100k coins it's a nice way to turn it into cold hard cash |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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October 08, 2014, 07:42:16 AM |
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I am a Dr. Heinrich Vollmer, aka Nigerian Prince , I buy/hack bank account logins and transfer you $$$ + 8% , you gimme your BTC. Guess which transaction is not reversible?  Why does the Doc not use Bitstamp like any other buyer? |
How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
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raid_n
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October 08, 2014, 07:52:18 AM |
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Over 5k tweets within the last week on his twitter profile spamming about buying bitcoin above market price.
Totally not fishy....
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bassclef
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October 08, 2014, 08:05:24 AM |
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Are you into Bitcoin ? Sure you are. Have you bought some coins recently, or do you get paid in Bitcoin for done work? Or may be you invested smart money into Bitcoin at a time back in 2009, when the rest of the world didn’t even know of it’s existence? Doctor of what now? |
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Dalmar
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October 08, 2014, 08:06:18 AM |
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Total scam.. he may actually pay the first bunch of people, but will probably start goxing once he convinces some big players.
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kwukduck
Legendary
Offline
Activity: 1937
Merit: 1001
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October 08, 2014, 09:29:00 AM |
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4468
You're never too old to think young.
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October 08, 2014, 09:46:31 AM |
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Why does the Doc not use Bitstamp like any other buyer?
Not everyone uses exchanges. |
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