Not trading but people that have accounts on LBC and sell/buy with a markup.
When I was thinking about setting up a btcjam account I read a guy saying bitcoin sells for more in his country and he was going to take advantage of some difference in his loan. Have also seen others state they make decent coin selling coin on LBC or other like minded sites.
To me it seems like a narrow market but keep running into people stating this is how they make money. Wanted to see if its like saying you where a early bitcoin adaptor and you saw a unicorn. Pretty much wanted to know how true the statements where.
Asked how much because I thought it would bring some one that does this into the thread to talk.
When I was thinking about setting up a btcjam account I read a guy saying bitcoin sells for more in his country and he was going to take advantage of some difference in his loan. Have also seen others state they make decent coin selling coin on LBC or other like minded sites.
To me it seems like a narrow market but keep running into people stating this is how they make money. Wanted to see if its like saying you where a early bitcoin adaptor and you saw a unicorn. Pretty much wanted to know how true the statements where.
Asked how much because I thought it would bring some one that does this into the thread to talk.
First of all, if you already have enough traders in LocalBitcoins in your country, you wont probably be able to make it. Rather, try out rising LocalBitcoins alternatives like 100bit.co.in, where the market is not yet properly built up. Price is now fluctuating between 220-240. So, Buy @ 220 and Sell @ 240. Please note, it is risky businuess as no one knows when price will go north/south. So, beter is follow traders on LocalBitcoins and do the same on 100bit.co.in.
