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up vote 4 down vote favorite

Why are bitcoins being sold at 1/3 market value at bcchanger.com?

Are the lowball sellers trying to scam people or throw away money?

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1  
I'm puzzled. They accept PayPal money, so if they try to scam you, you could reverse the transaction AFAIK... – Lohoris Feb 21 at 11:10
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yep! Thanks for fixing the question, too. :-) – Thunder Rabbit Feb 21 at 11:40
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Looks like at least some people are getting scammed at this site, see: forums.bcchanger.com/topic/26/… – gosmond Feb 21 at 20:43
Every time i try to buy bitcoin's on that site nothing happens i don't get any bitcoin's and i never hear from the seller, lucky i haven't been scammed yet. – danny May 5 at 5:40

2 Answers

up vote 8 down vote

If you look at low price orders posting date, you will notice most of them are relatively older OR with zero feedback. The ones that with some positive feedbacks are genearlly in line with the price of the order posting date.

So it is more of a combination of old orders and scams.

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Still, how can you try to scam someone if you are to be payed by paypal? They can reverse the transaction, can't they? – Lohoris Feb 22 at 22:24
up vote 0 down vote

bcchanger doesn't sell coins at their own, they are just acting as a mediator where seller and buyers meet each other. Needles to say, spam rate is very high.

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Doesn't really answer the question, though... – Lohoris May 6 at 19:07

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