I did some research on the topic, and, it's probably location.
LocalBitcoins is NOT an online exchange necessarily, it's a road map that leads to bitcoin-to-cash brokers.
In Chicago, you can get away with $100 a coin, but some of these places more dislocated (and american) would make perfectly reasonable places if you're a doctor who defaulted your college loan or something and won't be using an exchange any time soon.
At that you're seeing the sales of all the cash exchanges. In april a few coins went for $400.
LocalBitcoins is NOT an online exchange necessarily, it's a road map that leads to bitcoin-to-cash brokers.
In Chicago, you can get away with $100 a coin, but some of these places more dislocated (and american) would make perfectly reasonable places if you're a doctor who defaulted your college loan or something and won't be using an exchange any time soon.
At that you're seeing the sales of all the cash exchanges. In april a few coins went for $400.
Hey, I sell bitcoins for 500$! Wanna buy some?
That doesn't mean people will actually buy it.
The chart lists past sales, not past offers.That doesn't mean people will actually buy it.
On localbitcoins when buying with cash:
1) You pay premium to meet up in person.
2) Some people are a newcomers wanting to buy their "first" bitcoins.
That makes it an ideal place for an occasional ridiculously high offers.
Absolutely. 1) You pay premium to meet up in person.
2) Some people are a newcomers wanting to buy their "first" bitcoins.
That makes it an ideal place for an occasional ridiculously high offers.