Topic: Selling Bitcoins more than double of the price? :O (Read 2564 times)
You can really sell your bitcoins in my opinion since you are the one who set your selling price at that site but I doubt that no one will buy the coin he/she is selling in the picture, unless the one who will buy it is someone who have zero knowledge at crypto-currency and even bitcoin at all. It will be hard to sell it at that price right now since everyone can just buy it at a normal price on some dealers.
I see no point selling bitcoins at an exorbitant price and waiting endlessly for some unlucky guy to catch the bait (if there is actually a bait). Why not sell 5% above market price, make a small profit and move on?
Exactly. You can set the price as high as you want but who would buy at that price? Nobody. I like fishing so I know exactly what the bait means. That's not a bait. If no one will ever eat it, that's not a bait.
In india when demonetization hit the country very hard the price of bitcoins was reaching 67000 rs whereas globally the price of bitcoins was 52000 . And now its the same , buying and selling price is the same.
Why would you buy that? That's ridiculously high, there's a lot of websites out there that sells Bitcoin at a normal price. It would even be better if you just buy from another user, meetup with him or simply contact him. That's not a huge opportunity at all because no one would buy at that price. You could even sell your coins for a higher price than that but you'll be just wasting your time and effort.
I asked how the coins were delivered and the seller said that a voucher for the coins on the exchange was sent. That way the buyer didn't get hung up on the fact that the coins could not be delivered to a BTC address. One million of these useless coins went off at $900.
Nevertheless, I advise that you look for another seller of Bitcoin. I think you can buy Bitcoins at a fair price in almost every Bitcoin wallet out there except for crazy ones like the one you found.
Why would you buy that? That's ridiculously high, there's a lot of websites out there that sells Bitcoin at a normal price. It would even be better if you just buy from another user, meetup with him or simply contact him. That's not a huge opportunity at all because no one would buy at that price. You could even sell your coins for a higher price than that but you'll be just wasting your time and effort.
I asked how the coins were delivered and the seller said that a voucher for the coins on the exchange was sent. That way the buyer didn't get hung up on the fact that the coins could not be delivered to a BTC address. One million of these useless coins went off at $900.
did you buy bitcoin from that seller? if you are not yet buying bitcoin from that seller, then i am suggested you to find other seller that have normal rate for buying bitcoin, and i think that too high for the rate.
Okey guys, so I wanted to buy some bitcoins (0.01 to be precise XD) with my MasterCard and I ended up in a weird place!
Look at the price per Bitcoin :
So this Is a huge opportunity for income right? can I do this too? How IS IT EVEN POSSIBLE? :O
Look at the price per Bitcoin :
So this Is a huge opportunity for income right? can I do this too? How IS IT EVEN POSSIBLE? :O
It is possible to list bitcoins for sale with more than double the price,but
i don`t think that you can get buyers.
The higher the risk ,the higher the profit margin calculated in the market price.
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Why would you buy that? That's ridiculously high, there's a lot of websites out there that sells Bitcoin at a normal price. It would even be better if you just buy from another user, meetup with him or simply contact him. That's not a huge opportunity at all because no one would buy at that price. You could even sell your coins for a higher price than that but you'll be just wasting your time and effort.
I asked how the coins were delivered and the seller said that a voucher for the coins on the exchange was sent. That way the buyer didn't get hung up on the fact that the coins could not be delivered to a BTC address. One million of these useless coins went off at $900.
did you buy bitcoin from that seller? if you are not yet buying bitcoin from that seller, then i am suggested you to find other seller that have normal rate for buying bitcoin, and i think that too high for the rate.
Why would you buy that? That's ridiculously high, there's a lot of websites out there that sells Bitcoin at a normal price. It would even be better if you just buy from another user, meetup with him or simply contact him. That's not a huge opportunity at all because no one would buy at that price. You could even sell your coins for a higher price than that but you'll be just wasting your time and effort.
I asked how the coins were delivered and the seller said that a voucher for the coins on the exchange was sent. That way the buyer didn't get hung up on the fact that the coins could not be delivered to a BTC address. One million of these useless coins went off at $900.
Why would you buy that? That's ridiculously high, there's a lot of websites out there that sells Bitcoin at a normal price. It would even be better if you just buy from another user, meetup with him or simply contact him. That's not a huge opportunity at all because no one would buy at that price. You could even sell your coins for a higher price than that but you'll be just wasting your time and effort.
Thats awfully high. Go to another website. You will be wasting a lot of money with that. It is robbery on the process. Why does some website do this.
In the past , you can sold your bitcoin double on the short-term . But for now , you must wait at least a year I think for double your rates.
Bitcoin's price is stable right now , maybe it takes longer time to getting profit from trading bitcoin.
Bitcoin's price is stable right now , maybe it takes longer time to getting profit from trading bitcoin.
you can sell your bitcoin at any price that you like there is nothing stopping you.
in fact you can sell 1 bitcoin for $2000000 but that would only be offering the sale and as long as nobody buys it from you it stays an open order (or in other words it is called an ask price) but nobody will ever buy it at that price.
in fact you can sell 1 bitcoin for $2000000 but that would only be offering the sale and as long as nobody buys it from you it stays an open order (or in other words it is called an ask price) but nobody will ever buy it at that price.
I'm very agree with you. Selling your bitcoin at any price is your rights. The problem is, if you sell your bitcoin more than double of the price anyone will not buy it. Because it's overpriced.
in my country noting is too cheap and when matters comes to bitcoin then they are very costly and i have never bought a sigle bitcoin till now but have earned myself with and without investing a sum of money
actually you can buy bitcoin with any amount of money then you'll receive equivalent to it,buying bitcoin doesn't mean buying a whole of bitcoin or lets say 1 bitcoin or more,it's the reason that make bitcoin is flexible and if you're buying bitcoin with money and having bitcoin with equivalent value to the price when you buying it,can't say its expensive because actually your buying money with money 
Okey guys, so I wanted to buy some bitcoins (0.01 to be precise XD) with my MasterCard and I ended up in a weird place!
Look at the price per Bitcoin :
So this Is a huge opportunity for income right? can I do this too? How IS IT EVEN POSSIBLE? :O
Look at the price per Bitcoin :
So this Is a huge opportunity for income right? can I do this too? How IS IT EVEN POSSIBLE? :O
You can find such offers in any exchange or website where people are bedding to sell their coins, maybe they are not willing to sell but just joking or maybe they think there will be some foolish people who will buy it with that rate, but it is nothing new, you should simply ignore that and find some other place for buying, use Localbitcoins.com which is the best i guess.
there is a big difference between the orders you have in mind and the orders that OP saw on that particular site.
what you have in mind is the orders that are on popular exchanges and they mostly are to keep the funds on orderbooks and create some resistance sometimes in one direction or the other and you usually don't see big orders with big difference than market price.
for example on $590 there may be big volumes but on $450 there may be only a couple of orders from people who opened those positions and went away for awhile not watching the market.
what op sees is a not famous site that nobody ever visits so the only order is what he sees for example you can go there and open a sell order of $800 but who is there to buy it from you
and even if they buy they will buy 0.00001BTC max!
Okey guys, so I wanted to buy some bitcoins (0.01 to be precise XD) with my MasterCard and I ended up in a weird place!
Look at the price per Bitcoin :
So this Is a huge opportunity for income right? can I do this too? How IS IT EVEN POSSIBLE? :O
Look at the price per Bitcoin :
So this Is a huge opportunity for income right? can I do this too? How IS IT EVEN POSSIBLE? :O
You can find such offers in any exchange or website where people are bedding to sell their coins, maybe they are not willing to sell but just joking or maybe they think there will be some foolish people who will buy it with that rate, but it is nothing new, you should simply ignore that and find some other place for buying, use Localbitcoins.com which is the best i guess.
as long as there are other places to buy bitcoin with the market price from an exchange or if you want other not so popular ways like from localbitcoins with cash, paypal,... it would be only ~10%-20% above price ($720 on localbitcoins right now) nobody will choose a super high price unless they are unaware of other places and too lazy to use google
Yes, I agree. I think most bitcoin users now are well aware and are finding a good site to buy bitcoin at a good price. A little bit high or low price compared to the market price is okay but super high or low prices are a bit fishy. Well, most common scam is those too good to be true offers of really cheap price.@OP you're right, the site seems to offer bitcoin at that price on purpose. Maybe just in case some people will buy from them, but don't sell at that price too (as you're thinking) because it's too high and I think it won't really work.
it is not necessarily scam or fishy.
when there is such a spread you can always check the volume or history or whatever feature these sites offer to see that those orders and no other order in the past were filled.
it is simply because these places are dead and nobody goes there to trade so you can place the only order at a very high price and there is no competition to out bid you.
Just like in trading, some people puts an offer which is much much higher than the present price. Those people are actually just going to wait for a long time. They just leave the offer like that "just in case" the price of Bitcoin really gets doubled. However, there would be some actual people who would be dumb enough to buy at that price or maybe mistakenly buy that. Sorry to burst your bubble but you're going to wait for years before somebody actually buys at that price.
eBay was also famous for people selling worthless coins. The best I saw was someone selling some altcoin that was literally named Bitcoins or similar.
it's not possible anymroe, there because they ban your account and remove the transaction, they are against bitcoin or any other crypto, better luck is to sell in some unknown forum for a greater price than the market or on localbitcoin, i saw someone selling for 2x the value
Links in the ad pointed to BTC itself, but the coins were not even listed on most exchanges.
eBay was also famous for people selling worthless coins. The best I saw was someone selling some altcoin that was literally named Bitcoins or similar.
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