my head is about to explode... | Bitcointalksearch.org

cooldgamer

legendary

Activity: 1218

Merit: 1003

We are the champions of the night

Quote from: beetcoin on November 07, 2013, 08:13:16 PM

i've done an exchange/meetup already.. now i want to try the cash deposit route, i would need to provide the seller with:

full name
address

?

Cash deposits don't require any info, you literally just walk into a bank and deposit the cash into their bank account. Don't need an ID or anything, only thing you might need to provide is a scan of the receipt to prove that you made it yourself.

Sustainable

member

Activity: 70

Merit: 10

Quote from: beetcoin on November 07, 2013, 08:13:16 PM

i've done an exchange/meetup already.. now i want to try the cash deposit route, i would need to provide the seller with:

full name
address

?

Can't you just do a wire transfer with your bank details?

beetcoin

sr. member

Activity: 434

Merit: 250

i've done an exchange/meetup already.. now i want to try the cash deposit route, i would need to provide the seller with:

full name
address

?

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: Sustainable on November 07, 2013, 07:44:09 PM

Quote from: beetcoin on November 07, 2013, 07:41:00 PM

Quote from: Sustainable on November 07, 2013, 07:37:05 PM

Ask questions and we will answer. Newbs should be the focus in my opinion. They are what it takes to mainstream adoption a reality. <3

cool, thanks. i asked this in the other thread but i dont think it was answered.

- when i go to bitcoincharts.com and check the "last price" for localbitcoins, it shows a different number than localbitcoins is actually using for the spot. it was a $20 difference.. bitcoincharts was showing something like $311, while the actual price was $290ish.
- selling on this forum, what is considered a fair price? MTGOX spot? i guess that depends on the volume you are selling, and your forum presence too.

People can set whatever the price they want for localbitoins so that does have no real effect on values, it is just a guide. The answer to your second question is the fair price of a bitcoin is however much another wants to pay for it, bitcoin operates on basic trading terms. Supply and demand.

People will also offer different prices based on the ease and fees it takes to convert BTCs to fiat currency (physical cash), and how risky the transaction might be. The riskier the transaction and payment method, the more they will ask for.

bluemystic

newbie

Activity: 56

Merit: 0

take a deep breathe my friend and just breath in the air!

Sustainable

member

Activity: 70

Merit: 10

Quote from: beetcoin on November 07, 2013, 07:41:00 PM

Quote from: Sustainable on November 07, 2013, 07:37:05 PM

Ask questions and we will answer. Newbs should be the focus in my opinion. They are what it takes to mainstream adoption a reality. <3

cool, thanks. i asked this in the other thread but i dont think it was answered.

- when i go to bitcoincharts.com and check the "last price" for localbitcoins, it shows a different number than localbitcoins is actually using for the spot. it was a $20 difference.. bitcoincharts was showing something like $311, while the actual price was $290ish.
- selling on this forum, what is considered a fair price? MTGOX spot? i guess that depends on the volume you are selling, and your forum presence too.

People can set whatever the price they want for localbitoins so that does have no real effect on values, it is just a guide. The answer to your second question is the fair price of a bitcoin is however much another wants to pay for it, bitcoin operates on basic trading terms. Supply and demand.

beetcoin

sr. member

Activity: 434

Merit: 250

Quote from: Sustainable on November 07, 2013, 07:37:05 PM

Ask questions and we will answer. Newbs should be the focus in my opinion. They are what it takes to mainstream adoption a reality. <3

cool, thanks. i asked this in the other thread but i dont think it was answered.

- when i go to bitcoincharts.com and check the "last price" for localbitcoins, it shows a different number than localbitcoins is actually using for the spot. it was a $20 difference.. bitcoincharts was showing something like $311, while the actual price was $290ish.

- selling on this forum, what is considered a fair price? MTGOX spot? i guess that depends on the volume you are selling, and your forum presence too. it seems like localbitcoins doesn't get enough traffic.. i posted some ads with basically the lowest ask price, and no one has contacted me today. the only quick way to get a transaction is to contact the buyer, who is usually offering .9 to .95 of localbitcoin's spot. seems like those guys are looking to make money off volume trading, which is not what i'm looking for.

Sustainable

member

Activity: 70

Merit: 10

Ask questions and we will answer. Newbs should be the focus in my opinion. They are what it takes to mainstream adoption a reality. <3

beetcoin

sr. member

Activity: 434

Merit: 250

how many of you other newbies feel this way? Grin

there's just so much information available, and so much that i don't know.. and i have so many freaking questions. add to that the recent uptick trading value of BTC, and you might get a nervous break down Tongue

i'm currently trying to find the best way to trade coins safely.. it feels like dystopia with all the scammers. that's the thing, if you don't research carefully enough, there are tons of people out there who are looking to profit on your ignorance.

Topic: my head is about to explode... (Read 515 times)