Post
Topic
Board Beginners & Help
Re: Buying Amazon Gift cards with BTC? Beware!
by
stompix
on 18/07/2019, 12:08:43 UTC
Quote
A former Microsoft employee is being accused by federal prosecutors of stealing gift cards and large sums of digital currency from the company and then reselling the items online to fund real-life purchases, including a $1.6 million lakefront home and $160,000 Tesla vehicle. <…>

See https://www.foxnews.com/tech/microsoft-employee-accused-of-scheme

Impressive but again, if he sold them at a discount, he sold them so because he knew they were illegally obtained and he had to dump them.

Even when there is demand, there were sellers available who were selling for cheap (as mostly they were carded ones) but due to it, the market got slump even for the real sellers and sellers like me just sold them cheaper due to being unknown about how we could use it, while others sold it not too cheap but yeah, somewhat cheap.

Yeah, as always there is a simple answer I never thought of it.
Demand and offer, if the market is flooded with large discounted items you have no chance of selling them if you don't apply the same discount, even if you deal with legit items and the others with fake ones.
Reminds me how my parents had to drop 5% of the meat price just because the shops were also selling some cheap meat injected with saltwater at some ridiculous prices.

One thing I'm curious about.
Does Amazon have any limits on how many gift cards or their value that you can use for purchases in a year on in some time frame?