Bitcoin dealers who buy ABOVE exchange price?

isvicre

hero member

Activity: 826

Merit: 1000

Quote from: bitcoinmasterlord on July 26, 2016, 07:28:51 AM

Quote from: hheellll on July 13, 2016, 11:24:34 PM

I am not looking to transact with any members of this forum.

I just would like to understand how people can be buying/selling with both buying and selling price above market.

Some people don't want to provide their personal details to buy bitcoins or in their country, they can't buy bitcoins directly. So they may buy from people with little extra charges but if you suspect them they don't ever deal with any reversible payment processor to exchange bitcoins. It is quite common buying bitcoins slightly higher than the market price.

What the last poster said or they are advertising at one price and once you get down to the details they change their rates.

bitcoinmasterlord

legendary

Activity: 1148

Merit: 1006

Quote from: hheellll on July 13, 2016, 11:24:34 PM

I am not looking to transact with any members of this forum.

I just would like to understand how people can be buying/selling with both buying and selling price above market.

Some people don't want to provide their personal details to buy bitcoins or in their country, they can't buy bitcoins directly. So they may buy from people with little extra charges but if you suspect them they don't ever deal with any reversible payment processor to exchange bitcoins. It is quite common buying bitcoins slightly higher than the market price.

hheellll

newbie

Activity: 17

Merit: 0

I am not looking to transact with any members of this forum.

I just would like to understand how people can be buying/selling with both buying and selling price above market.

zenitzz

hero member

Activity: 560

Merit: 500

Quote from: hheellll on July 13, 2016, 07:25:24 PM

I was looking to sell a couple of bitcoins.

On localbitcoins, I see several individuals who are apparently in the business of buying AND selling bitcoins.

And yet, they buy at ABOVE the market rate. For example, right now BTC trades at 652.62, but bitcoinofamerica wants to buy at 666.78.

Does that contradict no-arbitrage market laws? Is there anything suspicious about this user?

https:// localbitcoins. com/ ad /197590/sell-bitcoins-for-cash-chicago-il-usa

What methods are used to pay me interested to sell bitcoin with a more expensive price than the market price and how much you need.
but before we make a deal i need to see a proof if you are not try to scam us.

hheellll

newbie

Activity: 17

Merit: 0

I was looking to sell a couple of bitcoins.

On localbitcoins, I see several individuals who are apparently in the business of buying AND selling bitcoins.

And yet, they buy at ABOVE the market rate. For example, right now BTC trades at 652.62, but bitcoinofamerica wants to buy at 666.78.

Does that contradict no-arbitrage market laws? Is there anything suspicious about this user?

https:// localbitcoins. com/ ad /197590/sell-bitcoins-for-cash-chicago-il-usa

Topic: Bitcoin dealers who buy ABOVE exchange price? (Read 549 times)