Looks like a stale price to me. When you call him he will give you a up to date price.
Nobody is stupid, if it is too good to be true, then it is.
Topic: How much Bitcoin does this guy have! - page 2. (Read 1373 times)
Read the ad again, they are offering to sell those coins for cash/face-to-face trade and escrow is not enabled by default for cash/local trades and therefore they're not required to have those coins at Localbitcoins wallet as the trade will take place off the site.
Only 0.1 BTC is required in your wallet to be able to post local trade advertisements.
Only 0.1 BTC is required in your wallet to be able to post local trade advertisements.
There have been a handful of occasions reported here where people have been scammed face to face when trading cash for BitCoins in large quantities.
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what were the stories?
the only one that i am aware of is a guy being robbed at gunpoint in NewYork. and that was because he was stupid! they tell him to come to their car parked in a secluded place out of sight to get paid and he goes there and they rob him.
Read the ad again, they are offering to sell those coins for cash/face-to-face trade and escrow is not enabled by default for cash/local trades and therefore they're not required to have those coins at Localbitcoins wallet as the trade will take place off the site.
Only 0.1 BTC is required in your wallet to be able to post local trade advertisements.
Only 0.1 BTC is required in your wallet to be able to post local trade advertisements.
There have been a handful of occasions reported here where people have been scammed face to face when trading cash for BitCoins in large quantities.
There is a smccullah90 https://bitcointalksearch.org/user/smccullah90-203801 zero activity registered here on the 27th of December 2013 and last active on the 12th of August 2015 http://archive.is/x0OJd which fits in with the smccullah on LocalBitCoin having registered seven months and four weeks ago on that service. http://archive.is/R760K
Read the ad again, they are offering to sell those coins for cash/face-to-face trade and escrow is not enabled by default for cash/local trades and therefore they're not required to have those coins at Localbitcoins wallet as the trade will take place off the site.
Only 0.1 BTC is required in your wallet to be able to post local trade advertisements.
Only 0.1 BTC is required in your wallet to be able to post local trade advertisements.
I believe he hasnt such ammount otherwise is risking too much since he make deal one by one soo it would be risking his life because a small deal,makes no sense at all.
At that price you could also sell an unlimited number of coins. He is likely just buying them as he sells. A common practice on localbitcoins.
The trade limit at Localbitcoin cannot be set to any price unless you have enough bitcoin to covers it at your localbitcoin wallet. If not, The maximum trade will adjust to the value of the Localbitcoin wallet balance. e.g. if you selling bitcoin at $420 and you have 10 bitcoin at your Localbitcoin wallet, and you set the maximum trade limit to 10,000, Localbitcoin website will adjust your maximum trade limit to $4200 because you don't have enough bitcoin to cover your maximum limit.
I'm not sure that is true. I think whatever trade limits you set will be visable in your ad, whether you have the funds or not.
But if I am incorrect, then that localbitcoin users is stupid for keeping that many bitcoins within their system.
He is asking for trouble.
At that price you could also sell an unlimited number of coins. He is likely just buying them as he sells. A common practice on localbitcoins.
The trade limit at Localbitcoin cannot be set to any price unless you have enough bitcoin to covers it at your localbitcoin wallet. If not, The maximum trade will adjust to the value of the Localbitcoin wallet balance. e.g. if you selling bitcoin at $420 and you have 10 bitcoin at your Localbitcoin wallet, and you set the maximum trade limit to 10,000, Localbitcoin website will adjust your maximum trade limit to $4200 because you don't have enough bitcoin to cover your maximum limit.
At that price you could also sell an unlimited number of coins. He is likely just buying them as he sells. A common practice on localbitcoins.
I was browsing LocalBitcoin, and I noticed this Ad:
https://localbitcoins.com/ad/215856/buy-bitcoins-with-cash-tulsa-ok-usa
How much Bitcoin does this guy have?! I've never seen something similar
Please note that in LocalBitcoin, You cannot set the trade limits to any price you want, you have to have enough bitcoin to cover it!
We have currently close to 16M bitcoin in the world, is he owning more that 6% of the world bitcoins? that's a hell of a show off!
https://localbitcoins.com/ad/215856/buy-bitcoins-with-cash-tulsa-ok-usa
How much Bitcoin does this guy have?! I've never seen something similar
Please note that in LocalBitcoin, You cannot set the trade limits to any price you want, you have to have enough bitcoin to cover it!
We have currently close to 16M bitcoin in the world, is he owning more that 6% of the world bitcoins? that's a hell of a show off!
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