Re: Selling About 100k USD worth of Bitcoins Daily @ market rate + Singapore seller
If Bitcointradesg wants to sell. he will tell the escrow about this. and then the escrow if HE seems that BITCOINTRADESG is a trusthworthy trader, then will communicate with me and we will start the bussines.
This is incorrect; this is not the way that an escrow works. The escrow is there to eliminate the need for trust between the buyer and seller. There is no trust needed on the escrow's part to either the buyer or the seller, but rather the other way around: the buyer and seller need to trust the escrow before any business is conducted.
It's quite simple. Once an escrow is opened, if either of the parties do not submit the product/payment, the escrow will return whatever they have received and cancel the exchange. The escrow does not require any trust in the seller, as they are there to represent the trust on both party's behalf.
Either way, this deal is obviously convoluted; I would personally avoid dealing with each other with this exchange.
OP, you never answered my question about which rate you're selling at. In the title, you indicate that you're selling at market rate, yet within the thread you state +6%. Which is it??
I mention that I'm selling at +6% above the market rate. Specifically, the price is based on the market rate, I'm not selling at a fixed price but rather fixed % above the market.
I do agree with you that the deal is quite messed up now though... I just want a phone call with this guy to get to know him better and iron things out and settle the final details. Afterwhich we can put all the details here is fine by me, instead of a back and forth replying and whatever. So...
Anyway back to the main topic, I'm still selling
