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I am surprised that in his research, the author didn't come across any warnings not to sell Bitcoin on Ebay. This is pretty common knowledge these days.

I was also under the impression that PayPal does not allow selling Bitcoin or Bitcoin hardware. This transaction should have been stopped automatically, and it's a shame Ebay doesn't have automatic tools to stop blatant abuse of their own policies.




Honestly, all I saw was the quick buck. Total ignorance on my part. You're right, I should have researched it better.


If it looks too good to be true, it probably is :)


At $300 yes, but what about $130? BTC isn't the easiest thing to dive into as a NOOB.


If you are new to Bitcoin, you should probably review the ToS of any service that allows you to purchase legal currencies with it.


Ebay does have some filters that stop blatant abuse of their policies: https://ebay.custhelp.com/app/answers/detail/a_id/69

It does appear that they haven't yet implemented a filter to prevent/warn sellers from selling Bitcoin, though.


Ebay could easily put their own auctions up for bitcoins at 200% of current market value, then simply cancel the accounts of anyone who bid on it. They'd hit 100% fraudsters.


Yeah I'm about to test that latter rule. Dispute against me seeing bitcoin hardware that was "never received".




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