I used to sell on Localbitcoins, but I got fed up with flaky buyers who would initiate an order then string me along for a few days without settling on a time to meet up for the sale. The exchange rate is too volatile right now to lock in a price before working out details of where and when to meet to make the exchange, and I'm not going to go to the trouble of selling in person if it means that I am selling below market value. I'd do more of those sales if they would change their algorithm to lock in the formula when the buyer decides to purchase and only finalizes the exchange rate when I actually send the SMS code to release the coins.
Yes, that's what was happening to me, except in reverse. I was hoping that in this "trusted network of peers", the seller would be more assertive about communicating that to me and qualifying the purchase based on actual market price at time of sell, even if that meant we would have to cancel the initial deal and re-do it at that time. But, that would require them to hit the reply button and engage with me to negotiate terms and determine my seriousness as a buyer, if that is an issue for them.
But, instead I got crickets for a day or two and then an email that they were sold out, like with 4 people in a row.
