Topic: How to get some bitcoin for $61 when spot is $68 (Read 1197 times)
My plan has succeeded, Vircurex price is now spiking...
I'm checking and 61 is the buy price. If you want to buy, you'll need to match a sell price, which is at 68 right now. 
You can always place a lowball offer and see what happens. Somebody bought for $61 very recently. Fiat is at a premium on VCX, and when people want it, they will sell Bitcoins for it at low prices.
I'm checking and 61 is the buy price. If you want to buy, you'll need to match a sell price, which is at 68 right now.
But I did similar exchanging BTC for PPC/TRC on other sites which had them at low value, and converting back to BTC at vircurex during the altcoins rush.
But I did similar exchanging BTC for PPC/TRC on other sites which had them at low value, and converting back to BTC at vircurex during the altcoins rush.
This idea will probably stop working when word gets out, but it seems to be working for some people.
If you watch the BTC/USD market on Vircurex, there is usually a pretty big spread, the price swings pretty wildly, and if you can get some fiat over there and place a lowball buy order, there's a good chance it will be at least partially filled:
https://vircurex.com/orders?alt=usd&base=btc
At time of this writing, last vcxUSD is $61, while last mtgoxUSD is $68.90582
Fiat is scarce on Vircurex and is at a premium.
The only deposit method for fiat on Vircurex is VouchX. You can obtain VouchX from AurumXchange or from bitinstant.com. The easiest way is probably from your USD bank account -> Dwolla -> bitinstant -> VouchX USD -> Vircurex, but I'm sure there are more economic ways. I did exactly this a couple of weeks ago and got a great deal. I'm fiat-scarce at the moment, though, so I thought I'd share for anyone else who wants to try this out. I am assuming that the situation is probably really similar for vcxEUR.
If you watch the BTC/USD market on Vircurex, there is usually a pretty big spread, the price swings pretty wildly, and if you can get some fiat over there and place a lowball buy order, there's a good chance it will be at least partially filled:
https://vircurex.com/orders?alt=usd&base=btc
At time of this writing, last vcxUSD is $61, while last mtgoxUSD is $68.90582
Fiat is scarce on Vircurex and is at a premium.
The only deposit method for fiat on Vircurex is VouchX. You can obtain VouchX from AurumXchange or from bitinstant.com. The easiest way is probably from your USD bank account -> Dwolla -> bitinstant -> VouchX USD -> Vircurex, but I'm sure there are more economic ways. I did exactly this a couple of weeks ago and got a great deal.
I'm fiat-scarce at the moment, though, so I thought I'd share for anyone else who wants to try this out. I am assuming that the situation is probably really similar for vcxEUR. Jump to: