Topic: got scammed bigtime - ebay (Read 1256 times)
sorry to hear that....
I'm surprised that Ebay allowed you to sell BTC there in the first place. I was pretty sure it was against their policy to sell digital currency.
Sorry to hear...I must agree that EBay/PayPal are a BTC nightmare...sucks bigtime
That really sucks OP, but that's paypal - as a buyer on ebay you're well protected, it's the seller that is always being screwed sadly.
Thats ugly...for people to steal. but since the world we live in is full of crime and frauds they consider themself feeding there own stomachs because of it.
But Karma my friend. One day you lose 10000$ in 10 years you will be free from money.
But Karma my friend. One day you lose 10000$ in 10 years you will be free from money.
The worst part is the amount of hacked accounts that had been used, its around 50 of them. each buy have been between 0.5btc to 2.0 btc.
Like I said, I dont know if its one person, or many, or an organized scam.
I was speaking to a represent at ebay and they are still investigating. They say I should tank to paypal too but they put the lid on 'Case closed'.
So, whats next earning bitcoins? I think the mining era is over soon. (For small miners)
Like I said, I dont know if its one person, or many, or an organized scam.
I was speaking to a represent at ebay and they are still investigating. They say I should tank to paypal too but they put the lid on 'Case closed'.
So, whats next earning bitcoins? I think the mining era is over soon. (For small miners)
There are lessons to be learned here.
Don't put all your eggs in one basket when making a very large BTC transaction like this. Don't use Paypal (like ebay does) or any reversible kind of transaction like that. Remember, one of the most important features of BTC is that transactions are irreversible once they hit the blockchain and get confirmed. ONLY do transactions like this (irreversible Bitcoin for reversible Paypal/credit card) if you PERSONALLY know the other person and know they are good for it if something goes wrong.
If you must do large transactions like this, use trusted Bitcoin-experienced sites like Gox and CoinBase, and even then, don't do the transaction all in one go, but split it up into smaller transactions so even if you get scammed on one of them, you haven't just lost your entire roll.
If possible, use a trusted escrow.
Don't put all your eggs in one basket when making a very large BTC transaction like this. Don't use Paypal (like ebay does) or any reversible kind of transaction like that. Remember, one of the most important features of BTC is that transactions are irreversible once they hit the blockchain and get confirmed. ONLY do transactions like this (irreversible Bitcoin for reversible Paypal/credit card) if you PERSONALLY know the other person and know they are good for it if something goes wrong.
If you must do large transactions like this, use trusted Bitcoin-experienced sites like Gox and CoinBase, and even then, don't do the transaction all in one go, but split it up into smaller transactions so even if you get scammed on one of them, you haven't just lost your entire roll.
If possible, use a trusted escrow.
Really sorry to hear of your loss. Over the years I've generally had a good service from PayPal and ebay but then I suppose I've been lucky cos I've heard a lot about scams. But then you don't hear of all the successful ebay and PayPal trades.
It's tempting to sell BTC on PayPal because of the better return but that has to be balanced with the slightly extra risk. However, looking at all the alternatives (BTC-e etc) there's lots of stories of disappearing coins with them too.
Nevertheless it does make me sick to hear of people being scammed.
It's tempting to sell BTC on PayPal because of the better return but that has to be balanced with the slightly extra risk. However, looking at all the alternatives (BTC-e etc) there's lots of stories of disappearing coins with them too.
Nevertheless it does make me sick to hear of people being scammed.
I would say that the avantage of paypal is not the better return (which depend on agreement), but the faster transfert.
Really sorry to hear of your loss. Over the years I've generally had a good service from PayPal and ebay but then I suppose I've been lucky cos I've heard a lot about scams. But then you don't hear of all the successful ebay and PayPal trades.
It's tempting to sell BTC on PayPal because of the better return but that has to be balanced with the slightly extra risk. However, looking at all the alternatives (BTC-e etc) there's lots of stories of disappearing coins with them too.
Nevertheless it does make me sick to hear of people being scammed.
It's tempting to sell BTC on PayPal because of the better return but that has to be balanced with the slightly extra risk. However, looking at all the alternatives (BTC-e etc) there's lots of stories of disappearing coins with them too.
Nevertheless it does make me sick to hear of people being scammed.
Thanks for sharing..
Sorry for your loss! 
That is really harsh, loosing all that BTC, thanks for sharing it with the forum so others can learn from your mistake.
Because I didnt want the money to touch swedish grounds - Tax. (I later learned by the Financial Supervisory authority that bitcoin is not yet an official currency, therefore it is just goods, but I think I still would need to tax around 25%)
Sell on ebay -> paypal, paypal -> buy goods on ebay .
That was my idea.
It was stupid.
If you're still trying to get your future BTC sold for PayPal, use bitcoin-otc.com & trade them to those with high trust ratings in the Web of Trust. Sell on ebay -> paypal, paypal -> buy goods on ebay .
That was my idea.
It was stupid.
Trouble is the big companies dont like accepting a payment method whos value is constantly going up and down day in day out!
Obviously noone is buying anything with btc ...
Even website that say that they accept btc, are just instant-converting btc into EUR or USD.
Trouble is the big companies dont like accepting a payment method whos value is constantly going up and down day in day out!
Because I didnt want the money to touch swedish grounds - Tax. (I later learned by the Financial Supervisory authority that bitcoin is not yet an official currency, therefore it is just goods, but I think I still would need to tax around 25%)
Sell on ebay -> paypal, paypal -> buy goods on ebay .
That was my idea.
It was stupid.
Sell on ebay -> paypal, paypal -> buy goods on ebay .
That was my idea.
It was stupid.
The better idea would have been: Buy with BTC directly.
I think this whole project currently is at a turning point: If the number of services and stores that accept BTC as a currency for payment does not increase, but instead BTC keeps being treated as a good that you buy in and sell out of in order to make a profit in fiat currency it will eventually all collapse. Right now the only reason that there is a demand is many people just hearing of it and wanting to get in to be speculating themselves and have a shot at getting rich. This can't go on forever and will eventually collapse. So demand for BTC must be created by making it an actually useful currency.
This is hardly achieved by creating the next clone of a clone of a gambling site or click ads service nor by creating the next big altcoin in hopes of getting filthy rich. We must get places like amazon and online microtransaction based games to accept bitcoin, by asking them time and time again to do so.
Sorry for ur loss
Sorry buddy.
I'm sorry mate but you sold 63BTC for PayPal? Are you Fucking serious?! Sorry but you deserve it!
it was my idea also to sell them on ebay...
damn...
damn...
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