Quote from: Soros Shorts on October 01, 2014, 11:26:27 AM

Quote from: DukeofZill on October 01, 2014, 06:42:15 AM

Quote from: franky1 on October 01, 2014, 06:22:43 AM

far more daily volume are done privately than on bitstampt/btc-e, etc combined. and while the crappy exchanges are falling whilst they play with satoshi dust amounts of $5, the localbitcoins/otc trades are healthily $450-$550

I wish I could sell a bitcoin locally for $550

Have you tried? I know a guy who is currently selling in that price range on LBC. He is reliable, well trusted and comes to your location. I used to be his supplier of freshly of mined coins, but I am no longer selling (I have electricity and hosting costs covered for the next 12 months so I don't need the fiat). He has offered to buy from me above BitStamp and BitFINEX prices.

Well when dealing locally you get a higher rate, above bitstamp prices typically. But no where near a $100-$150 premium.