Silk Road forums
Discussion => Off topic => Topic started by: Kandi on March 15, 2012, 11:50 pm
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There are a bunch of auctions on eBay like this:
http://bit.ly/yu5TnJ
Title says: Auction is for 1 Bitcoin (BTC) digital currency.
So far the bidding is at 3.25usd with 4+ days left and says payment must be verified through PayPal first.
HUH???
Last I heard, PayPal wanted nothing to do with bitcoins and doesn't allow transactions like this right?
There seem to be A LOT like this so it must be going through but has anyone here bought a bitcoin off eBay?
I have money on PayPal I've been dying to trade for bitcoins but I know unless someone really trusts me, it most likely won't happen & that sux. I actually had 1 person willing to help me out but hasn't responded after agreeing to do it so that's that I guess....
If I do actually get someone to trade with me, I thought I'd have to hide what was being traded by making it a donation or saying it was a loan payback or something but these auctions aren't hiding anything about the sale.
If the auction was for more than one btc I'd be right on it but most of them are for only 1 to maybe 3 coins and some are selling the
physical coins instead of digital. I wonder why these sellers are doing this. Do u get better protection if its an eBay sale? If the one I linked to keeps getting bids and going up that could be good but after eBay/PayPal fees, time it takes to list and then transfer to wallet....would it even be worth selling 1 coin at a time or is there some other benefit to these sellers that I'm missing?
What do u guys think?
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I just had a look at the completed listings and theres quite a few, and the prices are through the roof. seems like an awful lot selling for £5 each
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I've seen those, they normally go for around $10 per BTC.
A lot of those 1BTC auctions are being sold as starter kits with info on what to do with them, how to get more, etc. I don't think people can sustain a BTC selling business on eBay through PayPal, they're normally people who will do it for a certain period of time and then stop or have only a small part of their business dedicated to selling BTC.
I think the selling of BTC's itself is prohibited so they'll attempt to sell it as a collector's item or whatnot. It's like people scalping tickets by putting up an auction for a blank envelope (with tickets inside).
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I really couldn't think of a decent reason....even at $10 it still doesn't seem worth it.
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Yeah I have a feeling people who sell those 1btc are also giving info on how to buy more though NOT through eBay.