I have recently started working with bitcoins. Have been doing a lot of research.
I have a small business and my biggest client always pays with bitcoins.
I have been selling them on localbitcoins for paypal. Usually above market price.
The question I have is how can people afford to do that? Now I understand some of these people are chargeback scammers and money launderers. But I would like to believe they are a very small %. (am i wrong?)
So the people who are trading legit how do they make $ doing that? Whats stopping me from just buying endless btc at market value somewhere and selling it to them all day long? What is the catch here?
Another question I have is what are some steps I can take to protect myself from fraud when dealing with localbitcoins and paypal. Is it even possible?
Thank you ahead of time.
Topic: Questions about localbitcoin. (Read 104 times)
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