where can i buy large chunks of bitcoins ?

[etech]

Im looking to buy for aprox 40k USD.
Where can i buy ?

[CAHEK]

Its kinda too late now

Some people were buying up to 300,000 BTC back in old days which probably costed 40k-100k

https://bitcointalk.org/index.php?topic=1639.0

[Chris]

www.coinbase.com

[420]

coinbase limits you to 10 btc per day

you'd have to get verified with bitstamp, campbx or btc-e to buy $40k worth at once

there is also localbitcoins to buy smaller amounts quickly

[edgeprod]

I can sell you blocks of 100 at the market price. Message me.

[Lichen]

can you still buy drugs with BTC on silkroad?

[Coup]

now is clearly the time to buy! up uP UP!

[420]

Originally Posted by Lichen

can you still buy drugs with BTC on silkroad?

Apparently China just found out about this.

[halfpint]

Not sure if you can buy 40k worth but have a look on Ebay A lot of people selling them on there

[nexcom28]

Originally Posted by halfpint

Not sure if you can buy 40k worth but have a look on Ebay A lot of people selling them on there

Ebay for Bitcoins is a joke. Why would anyone by from there when it's much quicker and safer to buy from other sources.

[DWB]

$660... fucking hell.

I have some, and take them as payment for our sites, but I never, ever thought it would get this high. Go China.

[halfpint]

Originally Posted by nexcom28

Ebay for Bitcoins is a joke. Why would anyone by from there when it's much quicker and safer to buy from other sources.

I have purchased litecoins from Ebay at a good price and had no problems

[halfpint]

Originally Posted by DWB

$660... fucking hell.

I have some, and take them as payment for our sites, but I never, ever thought it would get this high. Go China.

They are up to $780 DWB

[DWB]

Originally Posted by halfpint

They are up to $780 DWB

Where are you seeing that? I'm only seeing $662 right now.

[edgeprod]

Originally Posted by halfpint

Not sure if you can buy 40k worth but have a look on Ebay A lot of people selling them on there

Sure you can. I will sell my personal bitcoins in blocks of up to 100 BTC at market price, as long as it's over $600 at the time. Contact me to set it up.

[420]

$780 is mtgox price

but if you're selling, converting yuan to your currency is probably most profitable

btcchina.com = 5658 yuan = 928 USD

[halfpint]

Price is also updated on here http://cryptocoinshops.com/

[Penny24Seven]

Originally Posted by edgeprod

Sure you can. I will sell my personal bitcoins in blocks of up to 100 BTC at market price, as long as it's over $600 at the time. Contact me to set it up.

How are you doing this? Are they just paying you first? I have 600 to sell and the guy I have been working with has a lot more and I own 1/3 of those.

[Paul]

Originally Posted by DWB

Where are you seeing that? I'm only seeing $662 right now.

http://bitcoinity.org/markets & http://bitcoin.clarkmoody.com

$822 and rocketing

[Chris]

Originally Posted by Paul

http://bitcoinity.org/markets & http://bitcoin.clarkmoody.com

$822 and rocketing

those are mtgox prices

go with localbitcoin/coinbase prices

[edgeprod]

Originally Posted by Brian837

How are you doing this? Are they just paying you first? I have 600 to sell and the guy I have been working with has a lot more and I own 1/3 of those.

Escrow, through my attorney. You're asking for trouble if you do it any other way.

[420]

Originally Posted by 420

$780 is mtgox price

but if you're selling, converting yuan to your currency is probably most profitable

btcchina.com = 5658 yuan = 928 USD

90 minutes later it's $900/gox and ¥6950/btcc

[Mutt]

Originally Posted by edgeprod

Sure you can. I will sell my personal bitcoins in blocks of up to 100 BTC at market price, as long as it's over $600 at the time. Contact me to set it up.

why are u selling when they are skyrocketing - just hit 900?

[Paul]

Originally Posted by Mutt

why are u selling when they are skyrocketing - just hit 900?

That's the time to sell, when the price is going parabolic. Buy low, sell high!

[MrMaxwell]

Absolutely agreed
I'd be selling the good holy fuck out of mine
I'd sell into a spike like this no matter what
Anyone buying right now is outright insane

[Penny24Seven]

Originally Posted by edgeprod

Escrow, through my attorney. You're asking for trouble if you do it any other way.

yeah I was just making sure. How can I not sell them. This is fucking nuts. I do not care if they reach 2000. Now I just have to see who is serious.

[MrMaxwell]

Originally Posted by Mutt

why are u selling when they are skyrocketing - just hit 900?

Watch it unfold
http://bitcoin.clarkmoody.com/
It just lost 100 bucks in minutes

[Paul]

Originally Posted by Brian837

yeah I was just making sure. How can I not sell them. This is fucking nuts. I do not care if they reach 2000. Now I just have to see who is serious.

Is there a reason why you don't sell them on the exchanges?

[Penny24Seven]

Originally Posted by MrMaxwell

Watch it unfold
http://bitcoin.clarkmoody.com/
It just lost 100 bucks in minutes

it does this shit all the time. Peak at 900 it will prob level close to 500 again. Wild day though. I got rid of some at 750 but just as favors. By the time I set up escrow it will be plus or minus 200 LOL

[Penny24Seven]

Originally Posted by Paul

Is there a reason why you don't sell them on the exchanges?

The two guys I partner with have done all that for me. The 600 or so that I have are just sitting there. I have sold small amounts to people but nothing big really.
As a group we agreed to sell at 750 but that was just talked about so I have to see in the morning what went on today.

[MrMaxwell]

Originally Posted by Brian837

it does this shit all the time. Peak at 900 it will prob level close to 500 again. Wild day though. I got rid of some at 750 but just as favors. By the time I set up escrow it will be plus or minus 200 LOL

Almost ALL of the volume this week was between $65 and $280
How it is suddenly supposed to maintain the $500 level is beyond me but I am no bitcoin expert either

[Paul]

Originally Posted by Brian837

The two guys I partner with have done all that for me. The 600 or so that I have are just sitting there. I have sold small amounts to people but nothing big really.
As a group we agreed to sell at 750 but that was just talked about so I have to see in the morning what went on today.

Fair enough, I was just curious in case there was a reason why you didn't use them.

I don't trust any of the exchanges but it's the easiest way for me to buy and sell so I reluctantly use them

[keysync]

Can you buy into an exchange like btc-e and then sell them at mtgox. Transfer the $ rinse repeat?

MtGox is always a good margin higher than btc-e

[edgeprod]

Originally Posted by Mutt

why are u selling when they are skyrocketing - just hit 900?

See below.

Originally Posted by 420

90 minutes later it's $900/gox and ¥6950/btcc

Originally Posted by MrMaxwell

It just lost 100 bucks in minutes

Originally Posted by Brian837

it does this shit all the time. Peak at 900 it will prob level close to 500 again. Wild day though.

[Paul]

Originally Posted by keysync

Can you buy into an exchange like btc-e and then sell them at mtgox. Transfer the $ rinse repeat?

MtGox is always a good margin higher than btc-e

Yes you can, getting money into BTC-e used to be difficult but they've added more options now but the real issue is with MtGox.

It takes over a month for them to transfer your money, MtGox claim it's due to limits imposed by their bank(s). Others believe they don't have enough money in their accounts to make the transfers so they need to wait until people make deposits and use that money for withdrawals and they'll string people along for as long as they can.

[rowan]

Originally Posted by keysync

Can you buy into an exchange like btc-e and then sell them at mtgox. Transfer the $ rinse repeat?

MtGox is always a good margin higher than btc-e

If it was that easy everyone would be doing it.

Last I read there was a severe (1-2 months) backlog of USD withdrawal requests on mtgox. That's why the mtgox price is higher... you can speculate, but you can't cash out.

[lagcam]

Originally Posted by Mutt

why are u selling when they are skyrocketing - just hit 900?

I don't know how people can look at this sudden recent growth and not think something is up. If you are holding bitcoins and profiting on the coat-tails of somebody else's manipulation of the market, the smart move would be to take some profit now while you can because there are so many things that can come and bite you on the ass over this, and a market that can be manipulated up so high so quickly on something so flimsy as china discovering bitcoin leading to a massive increase in demand, can just as easily come crashing down when the Chinese government puts their 2 cents in.

Remember also that the higher the price, the harder to cash out anonymously.

[keysync]

Originally Posted by rowan

If it was that easy everyone would be doing it.

Last I read there was a severe (1-2 months) backlog of USD withdrawal requests on mtgox. That's why the mtgox price is higher... you can speculate, but you can't cash out.

What do you think is the easiest way to get USD into btc-e?

[rowan]

It used to be possible to arbitrage by using USD vouchers to sell BTC at one exchange and (almost) simultaneously buy at another. You did need some bikkies in the bank though, one trade I saw required around $6k but netted only around $120 in profit.

Payment options have changed and/or dried up since then.

[Mutt]

With this volatility bitcoins will never be accepted as payment by the legit business world - if i owned a consumer electronics store and accepted bitcoins today, guy comes in and buys a TV for $900, pays me 1BTC - an hour later the 1BTC is worth $600 and I've lost money on the sale. No business owner wants to be gambling on every sale - that's for speculators.

[newb102k]

yes real and legit business will not accept this type of payment
if they are not 100% sure if will stabilize or crash in a matter of minutes

[bhutocracy]

Originally Posted by Mutt

why are u selling when they are skyrocketing - just hit 900?

lol, lemme add about half a dozen investing cliche's here.

When the local mainstream news is talking about the massive spikes, that's pretty much the time to sell into the retail mom and pop folk that come in. The chart is almost vertical - you buy the rumor sell the news. Sure dollar cost average while you sell down so you don't sell way too early in a spike but the whole point is to buy low sell high, by the time things have already exploded by buying in you're more likely going to be the one left holding the bag. The skyrocket is more the rise from 100 to 900, it's highly, highly highly unlikely to go from 900 to 8000 in the next month so you take real profits and run. Like playing poker, if you look around the room and can't tell who the fish is, it's you.

Trying to pick bottom leaves dirty fingers, but trying to pick top is almost as bad. I'm just annoyed they killed BTC CFDs. Heh with some leverage and guaranteed stops this last appreciation would have been epic.
I'd be looking for consolidation at the ~$300+ level for a while before the next leg up but I'm FAR from an expert on BTC, this is just general trader paint by numbers stuff. I dunno, I learned a while ago not to get greedy on anything too volatile.. You just slowly derisk your position by selling down in tranches you're happy with. The 200% profit tranches look stupid when it keeps going up and you're selling 1000% profit tranches but they look a hell of a lot smarter than -50% tranches..

It could go a lot higher of course, just I guess some people at hitting their "happy to sell, won't cry too much about the possibility of it doubling from here because at least I've taken the certainty of 300%, 400%, 500% etc" profits.

[seeandsee]

yeah this price fluctration is so serious, and when all crash down who will cry?

down 15$ in last 5 minutes

[DWB]

Originally Posted by 420

$780 is mtgox price

but if you're selling, converting yuan to your currency is probably most profitable

btcchina.com = 5658 yuan = 928 usd

whhaaaattttt!!!

[JFK]

Originally Posted by nexcom28

Ebay for Bitcoins is a joke. Why would anyone by from there when it's much quicker and safer to buy from other sources.

yup

[Deputy Chief Command]

Originally Posted by Paul

Yes you can, getting money into BTC-e used to be difficult but they've added more options now but the real issue is with MtGox.

It takes over a month for them to transfer your money, MtGox claim it's due to limits imposed by their bank(s). Others believe they don't have enough money in their accounts to make the transfers so they need to wait until people make deposits and use that money for withdrawals and they'll string people along for as long as they can.

but but, doesn't that sound like a ponzi scheme? which according to all the bitcoin enthousiasts it most likely is not??

all these numbers sound great, but if there is no way to cash out? then what?

[keysync]

Track down one of those new bitcoin ATM machines.

[Paul]

Originally Posted by Deputy Chief Command

but but, doesn't that sound like a ponzi scheme? which according to all the bitcoin enthousiasts it most likely is not??

all these numbers sound great, but if there is no way to cash out? then what?

It's been suspected for some time MtGox is running a fractional reserve operation, their excuses about delayed payment are BS.

Putting your money into the exchanges is the riskiest part of Bitcoin trading, BTC-e & Bitstamp are pretty prompt with payment but then again they are based in Russia & Slovenia.

Then it comes down to trust, do you trust a company that has a fake company address, fake WHOIS domain info etc

The whole thing is shady as fuck but it's no different than any new industry, takes years for legitimacy to take hold.

In the meantime it's a case of weighing up the risk Vs reward

[XXXHangover]

Buy now??? Better burn your money......bitcoin will crash......