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Author Topic: Selling on bitcoinmarket.com  (Read 2938 times)
pindis
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May 21, 2011, 02:13:48 AM
 #1

Hi guys.

I recently started mining and thought I'd make myself a little cash so i signed up on bitcoinmarket.com and fixed whatever needed to be done, and put up an order. within minutes it was sold to a guy which had a wierd paypal email imo (Not sure if i'm allowed to show)

BUT BUT. I'm not saying anything yet. I was really creating this topic cause I wanted to ask for how long I should wait for the payment to enter my paypal?

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pindis
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May 21, 2011, 02:27:48 PM
 #2

noone able to tell me for how long I should expect? Smiley

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ribuck
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May 21, 2011, 02:31:36 PM
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The buyer will need to send the payment manually. He or she may be away for the weekend and not even checking emails. So it's not possible to say how long it will take.
tunganh91
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May 21, 2011, 04:38:43 PM
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Can anyone tell me why BMBTC/PPUSD=7.0000   while BMBTC/LRUSD just 3.9000, is there any diffirent between 2 kind of USD?Huh
bittrader
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May 21, 2011, 05:21:15 PM
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PPUSD = PayPal USD
LRUSD = Liberty Reserve USD

They have different exchange rates because there are different amounts of risk from accepting payments on PayPal vs Liberty Reserve.
Xiong Zhuang
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May 28, 2011, 03:54:19 PM
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PPUSD = PayPal USD
LRUSD = Liberty Reserve USD

They have different exchange rates because there are different amounts of risk from accepting payments on PayPal vs Liberty Reserve.

That is because the btc/lr rate you saw is out of date.
jjVon
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May 30, 2011, 03:46:22 AM
 #7

I did notice that there is still a significant difference in the 2 prices...  I figured I am willing to pay a little more for not having to use a new service with which I'm not familiar.  I have only made 1 small purchase, and it went really well. 

After all is said and done, there is usually more said than done.
sblom
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June 02, 2011, 08:43:43 PM
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I did a few sales today on Bitcoin Market, and this is what I've learned.
  • One buyer stuck me with a PayPal credit card fee. I wasn't sure whether to have him resend the payment covering the fee or not. Seemed like I didn't want to get dragged into a paypal yelling match over less than a dollar. Seems like there's no good way to contact buyer with policies ahead of time?
  • I'm very nervous with each transaction that PayPal is going to freeze me. One buyer was so kind as to mention BitCoin in the memo field for the transaction, and I know PayPal is consciously excluding BitCoin trading under their AUP.

Anyone else have thoughts on how to resolve these sorts of concerns on BitcoinMarket? Seems like a fairly easy way for someone to buy his first Bitcoin, but comes with a few more hassles for the seller than does MtGox.
jjVon
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June 03, 2011, 12:49:20 AM
 #9

I've done a handfull of trades now, trying to get a feel for this whole BTC thing.  Everytime is a different experience.  One transaction was totally complete 20 min after I posted to buy, and another took 24 hours.  Never can tell. 

After all is said and done, there is usually more said than done.
rgod14
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June 03, 2011, 09:48:48 PM
 #10

Hey, don't mean to hijack. When you sent your bitcoins to bitcoinmarket.com how long did it take for them to show up? I'm going on 24 hrs now without them being there Sad

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pindis
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June 03, 2011, 09:55:34 PM
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hmm didn't take that long for me! =9

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rgod14
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June 03, 2011, 09:57:23 PM
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Did you send it with transaction fees? My bitcoin says 0/unconfirmed in the status for that transaction. I'm not sure if that's a good thing or bad Sad

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jjVon
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June 04, 2011, 11:36:11 AM
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That market is going nuts.  yesterday, I saw a guy selling BTC on e-bay for $20.  Thought he wouldn't sell any right away.  Sold all 30 to 4 diff bidders in 12 hours.  Now this morning I see bitcoinmarket.com at $23.99!!  I'm usually a buy and hold kinda guy, but this rapid growth is freaking me out.  I only own 75BTC, but feel like the rich guy.

After all is said and done, there is usually more said than done.
bitcoinconnection
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June 04, 2011, 08:50:37 PM
 #14

Demand Destruction will stop the rise of Btc price. And when this occurs the price should fall over 50%.
I am working on software that should help alert traders when to get out of the market.
More information at http://www.bitcoinconnection.com
jjVon
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June 04, 2011, 11:27:58 PM
 #15

It's been working for me so far.  I'm still waiting on my funds to hit MtGox from Wednesday's request.  bitcoinmarket is excellent for getting going in a project that has a few delays in the main stream.

After all is said and done, there is usually more said than done.
Findeton
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June 05, 2011, 12:17:54 AM
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Demand Destruction will stop the rise of Btc price. And when this occurs the price should fall over 50%.
I am working on software that should help alert traders when to get out of the market.
More information at http://www.bitcoinconnection.com

With this kind of coverage, demand destrution is not a problem YET.

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jjVon
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June 05, 2011, 11:51:51 AM
 #17

Woke up this morning planning on getting some cash for the BTC market that was crazy yesterday.  And now the paypal option is gone from bitcoinmarket.  (heavy sigh)  I guess there was too much crazy going on lately. 

After all is said and done, there is usually more said than done.
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June 06, 2011, 07:42:44 PM
 #18

how do you get an invite to bitcoinmarket.com ?
do you trust their escrow?

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jjVon
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June 07, 2011, 02:28:26 AM
 #19

I joined a little more than a week ago, and on their front page they had a link for non-referred enrollment.  I see they have suspended that because of  all the fraudulent behavior.  So, I guess I'm of no help...

But, if you have some BTC already and want to grow some more, I found a fun little program here:
http://fxnet.bitlex.org/?ref=1139

After all is said and done, there is usually more said than done.
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