Even that is a big markup. 10%+
I know people are gonna want the best Raye possible but buying 50 quid for 55quid plus ain't exactly a great deal!
Topic: Bitcoin mark up (Read 1101 times)
a bit cheaper on LocalBitcoins.com - MtGox.com shows 'last price' £50.9 as i write, and they're available for £55 - 59 on LocalBitcoins.com...(bank transfer)...
There is a huge markup, that is true.
If Bitcoin is money and not just something to speculate on why would you want to transfer £'s to bitcoin at a 33% premium when the goods you are buying are linked to the price of £'s or $'s so your 33% down from the offset 
The site which the screenshot came from is not representative of the UK market as a whole. The prices you see there are only a very small number of individual sell offers. In at least some cases, the folks behind the offers on that particular site became involved with Bitcoin only relatively recently and thus had significantly higher entry points than the current 'real' exchange rate. The available offer prices were much closer to spot when BTC was at 75-80 pounds.
UK buyers looking for far better rates can bypass individual person-to-person sell offers entirely and use speedybitcoin.co.uk or one of the other services which charge a small flat percentage over Mt Gox.
the reason it is a big difference right now, is due to the sudden drop of MTGOX..
we in the UK are trying not to act like Gox sheep by constantly following the price by the penny.
bitcoin in our eyes is worth more then£60 a coin. but because of all the Gox farmers wanting the sheep to follow the leader, a compromise occurs.
atleast most didnt ignore the dollar price after the Gox fall of $266.. or we would still have bitcoins at over £170 right now.
do not blame UK bitcoin sellers. blame gox for being the centralised price point
we in the UK are trying not to act like Gox sheep by constantly following the price by the penny.
bitcoin in our eyes is worth more then£60 a coin. but because of all the Gox farmers wanting the sheep to follow the leader, a compromise occurs.
atleast most didnt ignore the dollar price after the Gox fall of $266.. or we would still have bitcoins at over £170 right now.
do not blame UK bitcoin sellers. blame gox for being the centralised price point
That's your answer Bitcoin can not succeed currently. Too much volatility in price
Here in the UK I think one of the reason bitcoin will struggle is due to the mark up when trying to get hold of them.
If Bitcoin is money and not just something to speculate on why would you want to transfer £'s to bitcoin at a 33% premium when the goods you are buying are linked to the price of £'s or $'s so your 33% down from the offset
If Bitcoin is money and not just something to speculate on why would you want to transfer £'s to bitcoin at a 33% premium when the goods you are buying are linked to the price of £'s or $'s so your 33% down from the offset
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