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Topic: Selling 15,000 BTC at $0.20/BTC - page 5. (Read 18151 times)

legendary
Activity: 1288
Merit: 1076
October 06, 2010, 08:58:32 PM
#70
I'm still waiting for my bitcoins from bitcoin2cash.  Hopefully this week...

No bitcoins from bitcoin2cash yet...getting a lil nervous...

Chill out.  Even if you get screwed, it won't be the end of the world, right ?

I think the guy from bitcoin2cash has much more interest in being honnest than in being a thief right from the beginning of his business.

Personnaly I'm quite confident that I will get my BTC this week.

legendary
Activity: 1304
Merit: 1014
October 06, 2010, 08:50:01 PM
#69
I'm still waiting for my bitcoins from bitcoin2cash.  Hopefully this week...

No bitcoins from bitcoin2cash yet...getting a lil nervous...
legendary
Activity: 1288
Merit: 1076
October 05, 2010, 09:14:26 PM
#68
I thought it was common knowledge that you don't have to write a name on a letter at all, just the address. That's how I do the return address as well. The name isn't required. I've updated the website to make it clearer.

I confess I didn't know that the name wasn't required.
sr. member
Activity: 504
Merit: 252
Elder Crypto God
October 05, 2010, 08:50:05 PM
#67
I thought it was common knowledge that you don't have to write a name on a letter at all, just the address. That's how I do the return address as well. The name isn't required. I've updated the website to make it clearer.
legendary
Activity: 1708
Merit: 1007
October 05, 2010, 08:32:50 PM
#66
I'm still waiting for my bitcoins from bitcoin2cash.  Hopefully this week...

+1

I'd like to say something about bitcoin2cash.  The postal address has explicit name "bitcash2coin" in it.  I'm not sure it's a good idea.  Ok, right now, nobody knows bitcoins.  But eventually this address should be changed in something more discrete, imo.


There shouldn't be any combination with the word "cash" in it anywhere.
legendary
Activity: 1288
Merit: 1076
October 05, 2010, 08:21:04 PM
#65
I'm still waiting for my bitcoins from bitcoin2cash.  Hopefully this week...

+1

I'd like to say something about bitcoin2cash.  The postal address has explicit name "bitcash2coin" in it.  I'm not sure it's a good idea.  Ok, right now, nobody knows bitcoins.  But eventually this address should be changed in something more discrete, imo.
legendary
Activity: 1304
Merit: 1014
October 05, 2010, 06:56:03 PM
#64
I'm still waiting for my bitcoins from bitcoin2cash.  Hopefully this week...
legendary
Activity: 1288
Merit: 1076
October 05, 2010, 05:56:56 PM
#63

He is bid for 15,000 @ .0605. You can sell him his 15,000 at .0605 then buy them at 0.04 each, making $0.0205 15,000 times over, or $307.50. Catch is you got to get the 15,000 at 0.04.

Ok I get it now.  Thks.
legendary
Activity: 1136
Merit: 1001
October 05, 2010, 05:53:35 PM
#62
i am .0605 bid on mtgox for 15,000 if anyone wants the arbitrage

Well, I'm not very good at those stuff, but isn't bitcoin2cash's bid a better deal ?

I mean, if I want to buy btc with 1$, with you I get 1./0.0605=16.53 BTC, when bitcoin2cash offers 25 BTC for the same dollar.  What do I get wrong ?


He is bid for 15,000 @ .0605. You can sell him his 15,000 at .0605 then buy them at 0.04 each, making $0.0205 15,000 times over, or $307.50. Catch is you got to get the 15,000 at 0.04.
legendary
Activity: 1540
Merit: 1001
October 05, 2010, 05:27:24 PM
#61
i am .0605 bid on mtgox for 15,000 if anyone wants the arbitrage

Well, I'm not very good at those stuff, but isn't bitcoin2cash's bid a better deal ?

I mean, if I want to buy btc with 1$, with you I get 1./0.0605=16.53 BTC, when bitcoin2cash offers 25 BTC for the same dollar.  What do I get wrong ?


Trust. Or lack thereof. And that comes with a price apparently Smiley
legendary
Activity: 1288
Merit: 1076
October 05, 2010, 05:24:47 PM
#60
i am .0605 bid on mtgox for 15,000 if anyone wants the arbitrage

Well, I'm not very good at those stuff, but isn't bitcoin2cash's bid a better deal ?

I mean, if I want to buy btc with 1$, with you I get 1./0.0605=16.53 BTC, when bitcoin2cash offers 25 BTC for the same dollar.  What do I get wrong ?
full member
Activity: 183
Merit: 100
October 05, 2010, 05:00:48 PM
#59
i am .0605 bid on mtgox for 15,000 if anyone wants the arbitrage
sr. member
Activity: 504
Merit: 252
Elder Crypto God
October 05, 2010, 04:57:27 PM
#58
I just sold $80 worth. There's 48,000 left with about 12,000 reserved.
legendary
Activity: 1708
Merit: 1007
September 30, 2010, 06:57:04 PM
#57
Quote

First of all, I wouldn't allow you to send me that much cash in one transaction. I would insist that we trade in smaller denominations. Why aren't you willing to make smaller trades at first and go up from there once we have established a relationship?

This is yet another sign of bad practice. Requesting people to do only smaller transactions creates even less value as the transaction costs (time, mailing, etc.) are way to high.

Stop bothering us with your improper business model.

That's not a sign of a bad business model.  That is a sign of intent to build a trust relationship.  If he had asked someone to send more at a time, then I'd be suspicious.  Start with, say, $20.  At that level, the cost of the stamp is still favorable to paypal.  If you wish to save as much on the stamp as possible, consider doubling your cash with each transaction.  This way if this thing turns sour, there is no point at which either party could have done significant harm.  If you double until you get to an uncomfortable level, stop doubling; and this protects you from dishonest mailmen from doing significant harm.
legendary
Activity: 1136
Merit: 1001
September 30, 2010, 06:26:48 PM
#56
I sent some money via snailmail.  Will report to this thread if I do or do not get bitcoins in the next week or two.

I'm not worried about receiving coins at said rate for $1-$5. I'd like to buy a majority of offered coins w/o stuffing $100 bills into an envelope, and taking all the risk. Still, please keep us updated.
legendary
Activity: 1304
Merit: 1014
September 30, 2010, 05:44:48 PM
#55
I sent some money via snailmail.  Will report to this thread if I do or do not get bitcoins in the next week or two.
administrator
Activity: 5222
Merit: 13027
September 29, 2010, 08:29:23 PM
#54
Also, make a note that I posted that same address on these forums on July 13th so unless those transfers were before then, it's safe to say that I'm actually the owner of that address. So, can you verify the time frame that the transfers were sent?

Two transfers: block 80339 (12 days ago) and 82659 (1 day ago).
hero member
Activity: 574
Merit: 507
September 29, 2010, 08:26:59 PM
#53
You can also send them to the global developer's bitcoin verification address: 1PaUpJr6PEHjGxgL7YtwjsiGcAYqsZ8vD.

Coins won't actually transfer, only verification of the amounts.  Tongue

Actually, the correct address is 1PaufQctEbWBdBr8dYBdBDKcJ6YgAnQdsb
legendary
Activity: 1136
Merit: 1001
September 29, 2010, 08:21:56 PM
#52
You can also send them to the global developer's bitcoin verification address: 1PaUpJr6PEHjGxgL7YtwjsiGcAYqsZ8vD.

Coins won't actually transfer, only verification of the amounts.  Tongue
sr. member
Activity: 504
Merit: 252
Elder Crypto God
September 29, 2010, 06:14:47 PM
#51
70,000 BTC has been sent to the address that bitcoin2cash posted. I don't have tools to see spends from an address, so I can't say what the current balance is.

Also, make a note that I posted that same address on these forums on July 13th so unless those transfers were before then, it's safe to say that I'm actually the owner of that address. So, can you verify the time frame that the transfers were sent?
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