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Started By
Message
re: Flat fee payment processing with BitPay
Posted on 10/7/13 at 4:41 pm to Broke
Posted on 10/7/13 at 4:41 pm to Broke
quote:
They are going to make a shitload of money pegging their own rate and then turning around and dumping it back into the market at market rate. And usually nobody is the wiser. Because, hey, no fees
Please explain like I'm 5 how they can do this successfully.
And are you just throwing out wild accusations with no basis or do you have some kind of evidence that would lead you to believe they are doing what you say they are doing?
2
Posted on 10/7/13 at 4:45 pm to WikiTiger
quote:
And are you just throwing out wild accusations with no basis or do you have some kind of evidence that would lead you to believe they are doing what you say they are doing?
I have no evidence that it's going to happen. But it is. The financial professionals will be in here to back me up shortly.
This post was edited on 10/7/13 at 4:47 pm
Posted on 10/7/13 at 5:32 pm to WikiTiger
quote:With the various btc prices available, this provider can buy btc at the lowest prices available on exchanges and sell at the exchanges with the highest prices.
Please explain like I'm 5 how they can do this successfully.
Or even worse, it will just set its own buy/sell prices with a big spread and can make a ton of profit doing that just because btc trading is so inefficient there is no universally accepted conversion rate.
Simple enough for you?
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