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Hack Forums Money Crypto Currency › Is selling/buying btc or other altcoins on localbitcoin still profitable?

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Is selling/buying btc or other altcoins on localbitcoin still profitable?
Bulma
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Jul 26, 2019 05:15 AM
Hello guys,

In the past (1-2 years) ago I saw that selling or buying btc in localbitcoins is nice method for making pretty good income, what about now?
Is it still profitable? People still paying 5%-10% more for selling or buying btc?

Share you experience and knowledge.

Thanks
infoleek
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Jul 26, 2019 05:43 AM
Hmm I have heard from this forum about people snapping up bitcoin before the seller had a chance to update prices or something? This can make you money if done right? I have never used LBC's myself so I can not comment on if it can legitimately make you money?

Day trading can make you good money if you guess the right coin and hope it goes up :P
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Bulma
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Jul 26, 2019 05:49 AM
(Jul 26, 2019 05:43 AM)infoleek Wrote:  Hmm I have heard from this forum about people snapping up bitcoin before the seller had a chance to update prices or something? This can make you money if done right? I have never used LBC's myself so I can not comment on if it can legitimately make you money?

Day trading can make you good money if you guess the right coin and hope it goes up :P

you mean, wait for BTC price to rise and buy from seller with the price which was before the btc pumped? :D never heard of it
infoleek
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Jul 26, 2019 05:52 AM
(Jul 26, 2019 05:49 AM)Bulma Wrote:  you mean, wait for BTC price to rise and buy from seller with the price which was before the btc pumped? :D never heard of it

Yes.. I think I read that in here someplace. It was new to me too. Some people forget to check and change the prices apparently?! More fool them :P
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triadapson
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Jul 26, 2019 01:14 PM
(Jul 26, 2019 05:52 AM)infoleek Wrote:  Yes.. I think I read that in here someplace. It was new to me too. Some people forget to check and change the prices apparently?! More fool them :P

Does Not work that way, the system automatically updates your price.....You would have already set a default % to be added to the original price of BTC.....And again the person you buying from isnt stupid to accept a deal when the price has changed
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Jul 26, 2019 01:26 PM
(Jul 26, 2019 01:14 PM)triadapson Wrote:  Does Not work that way, the system automatically updates your price.....You would have already set a default % to be added to the original price of BTC.....And again the person you buying from isnt stupid to accept a deal when the price has changed

Hmm let me try to find the post where I read this. maybe i got mixed up.. I thought it sounded strange that it could happen although anything is possible! Thank you for clarifying anyway.
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Jul 26, 2019 02:12 PM
Yes, If you have a 1-1 supplier you can easily sell on there for 5-20%
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