Quote: (09-15-2017 07:28 AM)Roosh Wrote:
Now that the price is going down, I'll be looking to buy Bitcoin soon but I don't want to use Coinbase. I'm leaning towards the Local Bitcoins option. Any other easy option, preferably with cash?
Also, has anyone considered buying/selling from forum members? I know that requires a high amount of trust, but it's possible we can use some sort of escrow. I'm not sure of the legality of this method.
Sure there are various levels of experimentation with decentralized exchanges and escrow - and maybe even trial and error concerning whether one method or another is safe and achieves other objectives in terms of fees and privacy.
Besides local bitcoins there is paxful and there are various bitcoin meet ups as forms to create bitcoin direct trading relationships - and some forms of trading cause a greater paper trail than others, especially if they were to be done through the forum, and maybe why some guys are more comfortable with some of their interactions through slack.
Of course to me it seems a bit problematic to get involved in any forum sponsored escrow - however, surely anyone could informally serve as an escrow, too.. and sure as the person becomes more experienced could become a kind of "go to" escrow.
Gosh, whether it is in-person transactions or forum relationships or some other kinds of relationships that you have established, it seems that you may not know whether someone will fuck you over, until they have an opportunity. I had a few situations in local bitcoins, and don't get me wrong, it seems that the vast majority of folks through local bitcoins are legit - but sometimes when they have an opportunity to screw you over, then it becomes a question whether they are going to do the right thing - for example if the transaction does not go through... and who has the value? And do they do the right thing? Is there any accountability?
As you likely noticed, I continue to work out these matters for myself, too, even though I have been quite a while in bitcoin... so yeah, my preference is cash and in person... .. but if I know someone better, then of course I am going to be more flexible, especially if I know them IRL.. and I know where they live or some other details..... fees can be similar too, in terms of charging lower fees the longer you do business or the more that you know some of the personal details of the counterparty trader.