Is it just me, or is localbitcoins sellers raping buyers with markups on sales right now?

I went to purchase some from my usual guy, who usually has a markup of $30 USD, who is currently hovering around $90 over btc value along with every other seller.

Its at about $1107 and the lowest I am seeing for the option I use is at least $1185+ from any trusted sellers.

I'm wondering if their system is just lagging behind on current btc value, or if this is actually a new gigantic markup on btc sales over there?


Comments


[11 Points] samwhiskey:

Local btc has Always been super high.


[3 Points] layschips13:

One reason why I never used LBTC yet everyone worships them


[3 Points] xanax_xombie:

Fucking shit, its usually not THAT bad of a mark up (I thought), is there anywhere to get btc without a 10% markup?

Its not even really the mark up that is the ultimate slap in the balls, I pulled out what should regularly be enough cash that now isn't, god damn it that pisses me off.


[3 Points] HeyItsMassacre:

I just use a Bitcoin ATMs, is basically lbtc but only at 5% rate. (About 1100/btc) rn


[2 Points] imnotfrosty:

How dare those bastards demand compensation for taking risks?!


[1 Points] Magicpurpleponyrider:

Always been that way.


[1 Points] kameerem:

he is hedging his earnings, btc changes 50$ up and down every 1hour


[1 Points] DNMWilliam88:

Depends on the method of payment. Some of them are absolutely ridiculous and several hundred dollars above market rate.


[1 Points] papervoid:

cash deposits at banks go for between 3-5%. Seems fair to me for anonymous purchases.


[1 Points] capitalist4life:

I'm surprised the markup is a flat dollar value per coin. Seems like a percentage would be more appropriate.


[1 Points] PokemonGoesResearch:

What about LibertyX?


[0 Points] None:

That's the price of anonymity!


[0 Points] deep_touch:

That's a 7% fee, not really terrible