Author

Topic: Why Sell on Exchanges? Guy is offering 8% over market! (Read 1885 times)

legendary
Activity: 4284
Merit: 5215
You're never too old to think young.
Why does the Doc not use Bitstamp like any other buyer?
Not everyone uses exchanges.
legendary
Activity: 1937
Merit: 1001
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
Total scam.. he may actually pay the first bunch of people, but will probably start goxing once he convinces some big players.
hero member
Activity: 924
Merit: 1000
Quote from: Dr. Heinrich Vollmer
Are you into Bitcoin ? Sure you are. Have you bought some coins recently, or do you get paid in Bitcoin for done work? Or may be you invested smart money into Bitcoin at a time back in 2009, when the rest of the world didn’t even know of it’s existence?

Doctor of what now?
sr. member
Activity: 269
Merit: 250
Over 5k tweets within the last week on his twitter profile spamming about buying bitcoin above market price.
Totally not fishy....
legendary
Activity: 1428
Merit: 1000
I am a Dr. Heinrich Vollmer, aka Nigerian Prince , I buy/hack bank account logins and transfer you $$$ + 8% , you gimme your BTC.

Guess which transaction is not reversible?  Roll Eyes

Why does the Doc not use Bitstamp like any other buyer?
sr. member
Activity: 381
Merit: 251
might be legit, might be scam. anybody in London wanna check him out?

https://twitter.com/BTCMarketMaker
legendary
Activity: 1652
Merit: 1265
This thing has SCAM written all over it.

- Mail the guy on secure-mail.biz which happens to NOT log IP adresses or keep track of the person using it.
- Big transaction (cos you won't do it twice Wink)
- You get money AFTER sending them coins.
- P2P no middleman so no chance in hell you're getting your cash or btc back.
- Google doesn't give any information on the company

Just saying it's fishy....


But then again if you have 100k coins it's a nice way to turn it into cold hard cash Wink
legendary
Activity: 1512
Merit: 1000
Maybe I should fly to London and check this thing out.   What you guys think the chances are that the exchange rate wont go up by 7.5%  in the week it'd take to sell 300BTC and get the cash back on the exchange?
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
Spelling and grammar issues everywhere. He clearly doesn't speak English natively and is claiming to be located in England.
legendary
Activity: 1176
Merit: 1010
Borsche
Yeah, with 0 feedback and no OTC rating, he must be legit! Let me send him all my BTC, because we know that nobody ever scams anyone in bitcoin world!
member
Activity: 78
Merit: 10
Why would anyone sell on an exchange when you can get 8% more cash selling to this guy:
https://medium.com/bitcoin-is-the-future/get-8-more-cash-when-you-sell-your-bitcoin-bad3542457cd

In fact, this is an immense arbitrage opportunity.  At these prices you can make about $27 per Bitcoin that you buy on an exchange and sell to him.  The only requirement is you must do at least 10 BTC.  So that means there should never be any sells on exchanges that are greater than or equal to 10BTC or the seller is an idiot.


I don't have more than 8 BTC Sad

But for 8% would be worth take a short term loan
I am skeptical that he is running some kind of scam. I would speculate that he is going to ask you to send your bitcoin to him first and then he would not pay you. There is no real reason why he would offer such a premium like this when you can easily get a discount buying on LBC if you are providing liquidity   
legendary
Activity: 896
Merit: 1000
Yeah, I'm gonna trust this guy. He has a short little description of a service, with spelling and formatting issues, a blurry picture as his background, and a complete lack of background info!

It's just some guy waiting for a big deposit and hes gonna pocket it.
sr. member
Activity: 364
Merit: 250
Why would anyone sell on an exchange when you can get 8% more cash selling to this guy:
https://medium.com/bitcoin-is-the-future/get-8-more-cash-when-you-sell-your-bitcoin-bad3542457cd

In fact, this is an immense arbitrage opportunity.  At these prices you can make about $27 per Bitcoin that you buy on an exchange and sell to him.  The only requirement is you must do at least 10 BTC.  So that means there should never be any sells on exchanges that are greater than or equal to 10BTC or the seller is an idiot.


I don't have more than 8 BTC Sad

But for 8% would be worth take a short term loan

Go for it.  Since he's using Bitcoinaverage to set his price, you're going to get the price *after* your buy too.  This guy eats any slippage.
legendary
Activity: 2814
Merit: 1128
Why would anyone sell on an exchange when you can get 8% more cash selling to this guy:
https://medium.com/bitcoin-is-the-future/get-8-more-cash-when-you-sell-your-bitcoin-bad3542457cd

In fact, this is an immense arbitrage opportunity.  At these prices you can make about $27 per Bitcoin that you buy on an exchange and sell to him.  The only requirement is you must do at least 10 BTC.  So that means there should never be any sells on exchanges that are greater than or equal to 10BTC or the seller is an idiot.


I don't have more than 8 BTC Sad

But for 8% would be worth take a short term loan
sr. member
Activity: 364
Merit: 250
Why would anyone sell on an exchange when you can get 8% more cash selling to this guy:
https://medium.com/bitcoin-is-the-future/get-8-more-cash-when-you-sell-your-bitcoin-bad3542457cd

In fact, this is an immense arbitrage opportunity.  At these prices you can make about $27 per Bitcoin that you buy on an exchange and sell to him.  The only requirement is you must do at least 10 BTC.  So that means there should never be any sells on exchanges that are greater than or equal to 10BTC or the seller is an idiot.
Jump to: