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Old 08-05-2019
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Default Why would I want to buy bitcoin?

I see many services selling some sort of bitcoin buying?

Can someone clarify why I would want this?
I kinda know why...
But thought it would be better to get an answer from you guys.
Thanks.
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Old 08-05-2019
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Default Re: Why would I want to buy bitcoin?

The people offering these services are making money trading bitcoin.

People buy it for any number of reasons.I'd suggest most people buy it to hodl it and sell at a later date for more money than they bought it.
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Old 08-05-2019
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Default Re: Why would I want to buy bitcoin?

It's one of the easiest ways to cash out from stealth PayPal accounts.
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Old 08-05-2019
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Default Re: Why would I want to buy bitcoin?

And Bitcoin rocks!
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Old 08-05-2019
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Default Re: Why would I want to buy bitcoin?

I see
I saw one ad charging 17%
Ouch.
That's a lot!?
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Old 08-05-2019
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Default Re: Why would I want to buy bitcoin?

Quote:
Originally Posted by starengine View Post
I see
I saw one ad charging 17%
Ouch.
That's a lot!?
That's right - there is a higher fee to deal with this - depending on seller
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Old 08-05-2019
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Default Re: Why would I want to buy bitcoin?

Quote:
Originally Posted by starengine View Post
I see
I saw one ad charging 17%
Ouch.
That's a lot!?

They charge high fees because it's very risky selling bitcoin in exchange for stealth Paypal balances (where the $ could have come from anywhere). High commission is due to very high risk, and because the sellers know the service will still sell despite the high fee since it's not available anywhere else on the internet.

Most using bitcoin to actually buy things are buying drugs on the dark net, period. Most buying bitcoin on this forum are doing so purely as a way to get money out of Paypals with no bank/card to withdraw to, then either spending on the dark net or converting to fiat currency from there.
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Old 08-05-2019
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Default Re: Why would I want to buy bitcoin?

Quote:
Originally Posted by starengine View Post
I see many services selling some sort of bitcoin buying?

Can someone clarify why I would want this?
I kinda know why...
But thought it would be better to get an answer from you guys.
Thanks.
Its just another currency. If you need to ask, you probably don't need it for your business.
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Old 08-05-2019
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Default Re: Why would I want to buy bitcoin?

Quote:
Originally Posted by starengine View Post
I see
I saw one ad charging 17%
Ouch.
That's a lot!?
Nope, the charge is just right and reasonable. I see some charging 20%
But guess what, they've got returning buyers
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Old 08-06-2019
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Default Re: Why would I want to buy bitcoin?

Some people like bitcoin because of it's flexibility for transactions that are as good, or better than cash. That is, a transaction that can't be reversed and is settled quickly.

The main reason scammers also prefer crypto. Most other forms of Payment are not as absolute or can be reversed. Hence, why it's considered high risk.
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Default Re: Why would I want to buy bitcoin?

I would think it's protecting sellers against iresponsible buyers crying and moaning for a refund?
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Old 08-06-2019
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Default Re: Why would I want to buy bitcoin?

Quote:
Originally Posted by tinsoldier View Post
No it doesn't , they're charging a flat rate and whatever they're trading at at any given point. If they varies their fee from minute to minute then that would be different.

On a fixed flat rate it's simply the cut they want, nothing more than that.
True point.
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Old 08-06-2019
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Default Re: Why would I want to buy bitcoin?

I'm lost.
People are willing to give away 20%?
WOW!

They must be doing criminal activities and be really large scale.
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Old 08-07-2019
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Default Re: Why would I want to buy bitcoin?

Quote:
Originally Posted by starengine View Post
I'm lost.
People are willing to give away 20%?
WOW!

They must be doing criminal activities and be really large scale.
I'am more than willing to do more than 20% as long as i can cash-out my paypal funds out of stealth accounts without banks
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Old 08-07-2019
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Default Re: Why would I want to buy bitcoin?

I've done it. I would recommend it for sure
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Old 08-07-2019
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Default Re: Why would I want to buy bitcoin?

Quote:
Originally Posted by nerickson View Post
I've done it. I would recommend it for sure
Whom did you buy it?
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