Topic: Why Bitcoins are so expensive on Ebay? - page 4. (Read 5864 times)
Ahh. I never knew paypal was so stacked against sellers. Crap.
I hope I'm putting this in the right area, sorry if not.
I see tons of people selling bitcoins (partials) at 2x-3x normal going rates. Why is that?
Or better yet, why would anyone buy those??
Thanks.
I see tons of people selling bitcoins (partials) at 2x-3x normal going rates. Why is that?
Or better yet, why would anyone buy those??
Thanks.
Mainly because PayPal is reversible.
This causes 2 effects:
1) Sellers have to take a risk effects. For example if 25% of buyers scam the sellers then they have to increase the price more than 25%.
So if they sell $1,000 worth of bitcoin for $1,300 and they lose $250 on scams then they still profit.
2) Because of this very few people risk and sell for PayPal. This reduces supply and the price is increased out of speculation.
People who want to buy have fewer options and have to pay more for it.
they are waiting for newbie, fish that don't know about market data, also many use paypal there or others insecure methods
better to trade here, but use escrow
better to trade here, but use escrow
I hope I'm putting this in the right area, sorry if not.
I see tons of people selling bitcoins (partials) at 2x-3x normal going rates. Why is that?
Or better yet, why would anyone buy those??
Thanks.
I see tons of people selling bitcoins (partials) at 2x-3x normal going rates. Why is that?
Or better yet, why would anyone buy those??
Thanks.
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