Topic: Localbitcoin Transaction Price Summary Across Major Currency (Read 228 times)

Yes I agree method of payment matters here. Probably a lot of US payment methods have higher risk of chargeback (for example paypal). Thus people selling btc in US are asking for higher prices to compensate chargeback risk. I will probably try to do some analysis on cash payment price: cash payment btc price in US vs in other countries. Not sure how many data points are available though.

That seems counter rational to me. Usually, you get better sell prices because of the increased risk of the method of payment -- more chargeback risk and less stringent AML/KYC procedures like Paypal, for example. At least in my case, at places I use to sell where I have to comply with AML/KYC, the tradeoff is slightly better prices and more convenience.

On the other hand the btc price in USA is relatively high compared to other countries. Guess this is due to more stringent AML monitoring in US. As a result people are willing to pay more to use BTC.

Yes agree some of it is due to exchange control and government set FX rate is not really what people want to pay. ARS is definitely this case.

On the other hand the btc price in USA is relatively high compared to other countries. Guess this is due to more stringent AML monitoring in US. As a result people are willing to pay more to use BTC.

How do I rank up? Just keep posting?

Up

13. Bumps, "updates" are limited to once per 24 hours per thread. Bumping multiple threads at the same time is allowed if it's not annoying. [2][e]

21. Old bumps should be deleted. [2]

A possible explanation for that is the difference between different currencies is the demand in that particular place. Let's say that in ARS, the increase of that price was probably because of the loss of confidence in their fiat currency [1]. Some people might have been looking for another way or another asset to save their money. Compared to other countries, most people are just going out of their way and not giving much volume towards Bitcoin transactions, hence the lower price. You could arbitrage that if you want to profit from that discrepancy.

You don't necessarily need to pay for the $25 membership. You could manually rank up to Jr member without paying for anything. The $25 membership just exists for those who don't want to spend time in ranking up but instead want to go the shortcut route.

Thanks didn't realize. This forum charges $25 for newbie to post image. Why?

You can also read the whole story https://bitcointalksearch.org/topic/newbies-can-now-pay-a-small-fee-to-enable-images-2385104

There are a lot of things to consider before allowing you to post an image. But if you have the money, your rank is not the hindrance to work it, lets say...you have to pay some and buy copper member at least.
And I hope this could be a great and helping analysis. And good luck with your crypto journey.

By popular demand, newbies can now pay to have some of their restrictions lifted. If you pay the fee, you become a Copper Member, and you can post images. That's the main point of this: allowing newbies to post images. Additionally (and these might change depending on how things go), Copper Members currently have these bonuses:

- Some of the same permissions as Member-rank members, such as reduced signature styling restrictions. (But none of the PM-related restrictions are currently lifted, such as the style limit or per-hour PM limit.)
- Your "you must wait ____ seconds between ___" counter is reduced by 75%. So if you're naturally of Newbie rank, you only have to wait 360-75% = 90 seconds.

If you paid an "evil IP" registration fee, then whatever you paid (in BTC terms) is subtracted from the upgrade fee. If you paid a registration fee a long time ago, you might even get a free Copper Membership due to the increase in BTC price. Just visit the link at the bottom of this post to check whether you have it already.

I am aware that for most people the benefits of this membership are pretty lame. This membership is only intended to fill a specific niche; if you don't need it, don't buy it. It is not intended to be the lower-cost Donator/VIP alternative which I've talked about before as a possibility.

I wrote the system so that I can easily add additional paid memberships in the future, but I might not ever do so. Not sure.

You can buy it here: https://bitcointalk.org/index.php?action=credit;promote

You need to be at least Jr member to post images. Or alternatively, purchase Copper member.

Ranks: https://bitcointalksearch.org/topic/forum-rankspositionsbadges-what-do-those-shiny-coins-under-my-name-mean-178608
Merits: https://bitcointalksearch.org/topic/merit-new-rank-requirements-2818350
Copper member: https://bitcointalk.org/index.php?action=credit;promote

A side question, how do I make the image on page show directly without click the link?