What if I put up something for sale and I say if you buy this item, I'll give you 1 Bitcoin as a free gift for your purchase?
then they can return the item, get their money back and keep your bitcoin.
Topic: Why do bitcoins sell for so much on ebay? (Read 1698 times)
then they can return the item, get their money back and keep your bitcoin.
Lots of people just want a low barrier entry into getting into bitcoin. It's not really a currency or an investment asset to some people, just a cool thing to have. Ebay is a platform most people are comfortable with and people are ok with paying a premium just to get into the game. It's the difference between the forex trader and the tourist paying +15% at an airport currency exchange kiosk.
What if I put up something for sale and I say if you buy this item, I'll give you 1 Bitcoin as a free gift for your purchase?
some of the bids were placed when bitcoin was $22. So they were high then, low now.
Selling bitcoins or anything virtual is a bad move on ebay.
Selling bitcoins or anything virtual is a bad move on ebay.
I think there's a lot more stupid people buying on ebay. Just look at the computer sales area. Old P4 computers are selling for $350+.
I think it's a few things:
eBay does not allow sale of a virtual item. So #1 it is against eBay policy. Also, sellers risk chargebacks through PayPal. As a result of these things, there are few listings. Even fewer run the gauntlet without being flagged. Small supply = high prices.
Also, people who have just discovered BTC are waiting on Dwolla, etc and want in before a potential price spike. High demand = high prices.
FYI: I have sold Bitcoins on eBay. Not worth the risk of chargebacks or having my account shut down.
eBay does not allow sale of a virtual item. So #1 it is against eBay policy. Also, sellers risk chargebacks through PayPal. As a result of these things, there are few listings. Even fewer run the gauntlet without being flagged. Small supply = high prices.
Also, people who have just discovered BTC are waiting on Dwolla, etc and want in before a potential price spike. High demand = high prices.
FYI: I have sold Bitcoins on eBay. Not worth the risk of chargebacks or having my account shut down.
Harro... has every post of yours been about that bitcoinboom thing(Which, according to some threads, is a scam), and bitcoin7?
I see this market falling, but then I look at the completed listings on Ebay. Some are going for 40 bucks a pop.
Is ebay the real value or are the markets the real value? HMMMMM
Is ebay the real value or are the markets the real value? HMMMMM
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