The Litepresence Report on Cryptocurrency

[amonasro]

better for the maker.
My assumption is people on ebay are not comfortable trading on exchanges. (see Mt. Gox)
so they use PayPal to insure their purchase without having to start an account with some unknown exchange.

There are many takers, and so few makers on Ebay, thus its a sellers market.
I'm just trying to let the RPF makers know where the best place to sell is located.
Take it, leave it, or bitch about it.

Prices are higher on Ebay because the risk is higher. Paypal is notorious for chargebacks, and they happen often with cryto sellers. I would never sell there.

 

[PaulConventionWV]

Buy your BTC at coinbase, transfer your BTC to BTC-e, trade BTC for LTC, implement bot. Profit.

No, but I don't have a bank account connected to BTC-e. They're a foreign exchange.

 

[evilfunnystuff]

No, but I don't have a bank account connected to BTC-e. They're a foreign exchange.

The only reason you would need to link a bank account is to transfer fiat in or out, to cash out just trade your fiat balance for BTC, then transfer the btc to your "home exchange" and cash out.

 

[PaulConventionWV]

The only reason you would need to link a bank account is to transfer fiat in or out, to cash out just trade your fiat balance for BTC, then transfer the btc to your "home exchange" and cash out.

Can you have a positive fiat balance at btc-e without having a fiat bank account hooked up?

 

[presence]

better for the maker.
My assumption is people on ebay are not comfortable trading on exchanges. (see Mt. Gox)
so they use PayPal to insure their purchase without having to start an account with some unknown exchange.

There are many takers, and so few makers on Ebay, thus its a sellers market.
I'm just trying to let the RPF makers know where the best place to sell is located.
Take it, leave it, or bitch about it.

Ok I get you... I though you were implying we should buy coins on ebay.

Yes I agree... selling coins on ebay is an excellent business proposition; however one should consider the consequences of chargebacks.

 

[presence]

Can you have a positive fiat balance at btc-e without having a fiat bank account hooked up?

Yes, once you send BTC to BTCe you can exchange for BTCe USD, RUR, or EUR; or any of the alt coins including LTC they offer. To get back out of BTCe you would need to send BTC back to Coinbase.

Simran will also cash you out $1000/day to via "BTCe code" to paypal.

 

[XTreat]

This is good to know. I was unaware.

 

[PaulConventionWV]

Yes, once you send BTC to BTCe you can exchange for BTCe USD, RUR, or EUR; or any of the alt coins including LTC they offer. To get back out of BTCe you would need to send BTC back to Coinbase.

Simran will also cash you out $1000/day to via "BTCe code" to paypal.

Thanks, pres. Did you say buying the bot costs 1 BTC?

 

[torchbearer]

Ok I get you... I though you were implying we should buy coins on ebay.

Yes I agree... selling coins on ebay is an excellent business proposition; however one should consider the consequences of chargebacks.

Wouldn't a buyer reputation include negs for charge backs?

 

[presence]

 

[muh_roads]

Wouldn't a buyer reputation include negs for charge backs?

Yeah but if someone could rip off someone for thousands, why would they care?

bitcointalk.org advises you not use reversible payment systems on the top sticky on their currency exchange board. Too many have been screwed.

https://bitcointalk.org/index.php?topic=14632.0

I would wait until eBay fleshes out their patent into something actually working. They are indeed thinking about how to be on top of this.

 

[Dianne]

Can you have a positive fiat balance at btc-e without having a fiat bank account hooked up?

Yes .. I've been sitting on fiat at btc-e with no bank account linked . When it's time to cash out, I will convert the cash to btc and transfer to coinbase where I do have a bank account linked.

 

[lotsOfCake]

Yes .. I've been sitting on fiat at btc-e with no bank account linked . When it's time to cash out, I will convert the cash to btc and transfer to coinbase where I do have a bank account linked.

I'm in eu. I sometimes (but not right now) have fiat on btc-e.
Easiest way for me to get fiat from crypto into my bank account is through a verified/linked bitstamp account. There are also several other small exchanges around. I do not give my bank information to btc-e. Also I try to keep as little as possible of my crypto on exchanges in the long run. At the moment I basically only trust linux wallets with backups of wallet.dat, not because it's necessarily the only thing that is safe, but it is the only thing I can understand the safety level of. Also I always transfer a token amount first and verify that it arrives, before transferring large amounts (in case of typos and wallet version problems and forking and all these things).

 

[PaulConventionWV]

Yes .. I've been sitting on fiat at btc-e with no bank account linked . When it's time to cash out, I will convert the cash to btc and transfer to coinbase where I do have a bank account linked.

I guess that just never really occurred to me. I've been using btc-e to play LTCBTC, but I never thought about putting fiat in there. You learn something every day.

 

[torchbearer]

Yeah but if someone could rip off someone for thousands, why would they care?

bitcointalk.org advises you not use reversible payment systems on the top sticky on their currency exchange board. Too many have been screwed.

https://bitcointalk.org/index.php?topic=14632.0

I would wait until eBay fleshes out their patent into something actually working. They are indeed thinking about how to be on top of this.

Well, it would be a huge exchange with a lot of everyday people who don't normally get into these smaller exchanges.

 

[muh_roads]

Well, it would be a huge exchange with a lot of everyday people who don't normally get into these smaller exchanges.

I agree with you, but I would wait until new rules and tech has been applied to protect the seller.

You'll get a nice premium price at localbitcoins.com and it is safer, IMO.

 

[Dianne]

In some thread there was mention of a Ron Paul Forums member who has an internet silver coin store. I can't seem to find the company name again.

Does anyone know the name, phone number or website?

 

[XTreat]

In some thread there was mention of a Ron Paul Forums member who has an internet silver coin store. I can't seem to find the company name again.

Does anyone know the name, phone number or website?

Amagi Metals.com


Megan Renee is their PR director and she is a RPF member.

 

[Dianne]

Amagi Metals.com


Megan Renee is their PR director and she is a RPF member.

Great, thank you !

 

[Dianne]

Ok, so I called Amagi Metals.com but wasn't sure who to ask for. Are they all RPF members, or is there someone special I should order through? I definitely want the RPF member to get the sale.