Hello All,
This is with regards to the post
https://bitcointalksearch.org/topic/need-100-btc-for-6200-inr-each-243888 and dealing with dashinriddler in trading btc's.
The reason am making a new thread is because the above topic was locked from posting by the author (dashingriddler).
As you can read from the thread, it all started when he posted saying he is looking to buy 100 btc's.
By the time we decided that we can trade with each other, he had already procured 70 btc's and was waiting to fulfill only 30 btc's.
I showed interest in selling him the balance of 30 btc's for which he accepted the offer.
However, he requested my confirmation on that so that he need not keep searching for sellers. I confirmed him the same and in the process i told him i have 20 btc's readily available and the balance 10 will be available by Monday or latest by Tuesday. I also agreed to pay the escrow fee as he looked genuine and was sticking to his word of Rs 6200 INR even though the btc rates had come down slightly.
This all happened on Sat, 29th June 2013. After this, I started working over the weekend towards procuring the remaining btc's to fulfill his order.
Fast forward to Monday morning (USA time). My bank cleared the payment and i sent him a personal message at 4:37 PM (server time) saying the all the 30 required btc's are ready to start the transaction and later at 4:52 PM, he updates the thread saying that he procured it somewhere else since the BTC prices has fallen way below and locks the thread.
He didn't even have a courtesy to send me a PM stating that he got another offer with a lesser price. He didn't even have a little bit of courtesy to inform me that he already brought the BTC's after receiving my PM.
I agree that BTC trading is a free market, anonymous and again whoever offers a better rate wins. But whatever happened to something called mannerism and business etiquette. Din't we study that in school?
As a matter of fact, i was monitoring the BTC rates over the weekend which was now at around 93 BTC and since he sounded like a gentlemen initially by honoring the price of Rs 6,200.00 INR per btc even though the BTC rate was hovering around $97 when we froze the deal, i had procured 31 BTC's for him instead of 30 BTC's and had decided to send him all the 31 for the same agreed INR price as I didn't feel quite right because the delay was from my side.
@dashingriddler
1) If you had just PM'ed me before making the deal with someone else requesting to re-negotiate, then i would have been more than happy to do that. Am not here to get rich overnight. I have other businesses / startup companies that make me one.
2) I have been a heavy investor in ASICMINER Shares and after the recent review by fellow members of the community on coinmonk including some of them whom i trust the most in this community, i was actively watching the topic to invest heavily to the tune of hundreds of btc's in coinmonk to diversify my investments in bitcoin related securities. I thought why shouldn't i invest, after all it is a group from my own town. But i don't think it would ever happen now since you as a main promoter of coinmonk lack the basic quality required to carryout a successful business i.e the
"proper business etiquette".
I feel some of us should really learn from people like Narayana Murthy and other successful entrepreneurs. Or for that matter friedcat.
All the screenshots are posted below for the community.His post with the rate confirmation on June 29th, 2013http://imgur.com/lM9VcQnMy PM to him today saying that all the required 30 btc's are ready. Please note the server time 4:37 PMhttp://imgur.com/1fAfkPoHis final post saying he already procured the BTC's from someone else. The server timestamp shows it as 4:52 PM. It also shows my acknowledgement to his reply on June 29, 2013.http://imgur.com/gXh0k43If anyone wants to see the entire thread, then the screenshot image is available here.
http://imgur.com/VEB3WMR