4 ms·

So, I own investment real estate that I wouldn't mind selling for bitcoins. Is there a good place to find buyers who want to pay with Bitcoin?

r3m6 13y ago
Why would you care about in which currency you are paid?
- dllthomas 13y ago
  Cost of conversion would be a potential reason.
  - creativeone 13y ago
    Right, if there are supposedly buyers from abroad who want to buy, we can save money in currency conversions and transfers across borders.
    - dllthomas 13y ago
      Doesn't even have to be "from abroad" - if a buyer has a stack of bitcoins and I want a stack of bitcoins, going through an exchange is going to be expensive given the pretty broad spreads (if there's even the necessary liquidity).
- GigabyteCoin 13y ago
  It's not easy to buy $500,000 worth of bitcoins on the open market at "current value".
  - nwzpaperman 13y ago
    +1 No market depth I expect the Chinese to expand support of cryptocurrencies to strengthen their geo-political position through a peaceful strategy like this. All other financial strategies involve interfacing with legacy financial warehouses and inventory systems which limit their leverage.
  - TomGullen 13y ago
    Someone bought ~$1mm on gox a few days ago without too much trouble I think
    - GigabyteCoin 13y ago
      They did, but it sparked a frenzy of buying shortly afterwards...
travisp 13y ago
Most people, for good reason, use an escrow agent when buying and selling real estate (at least here in the US). As a buyer, I would be doubly uncertain about directly transferring someone Bitcoin since it's at least as irreversible as a processed wire, and probably harder to have good legal recourse for. If you can find someone who would do escrow with Bitcoin, you'd probably have better luck.
- adestefan 13y ago
  You'll also need to pay any titling, fees, insurance, and taxes in USD.
jamoes 13y ago
Take a look at BitPremier: http://www.bitpremier.com/ http://www.bitpremier.com/. They advertise your high-value good on their site, and then once they pair you up with a buyer they also serve as an escrow agency.

r3m6 13y ago

Why would you care about in which currency you are paid?

dllthomas 13y ago
Cost of conversion would be a potential reason.
- creativeone 13y ago
  Right, if there are supposedly buyers from abroad who want to buy, we can save money in currency conversions and transfers across borders.
  - dllthomas 13y ago
    Doesn't even have to be "from abroad" - if a buyer has a stack of bitcoins and I want a stack of bitcoins, going through an exchange is going to be expensive given the pretty broad spreads (if there's even the necessary liquidity).
GigabyteCoin 13y ago
It's not easy to buy $500,000 worth of bitcoins on the open market at "current value".
- nwzpaperman 13y ago
  +1 No market depth I expect the Chinese to expand support of cryptocurrencies to strengthen their geo-political position through a peaceful strategy like this. All other financial strategies involve interfacing with legacy financial warehouses and inventory systems which limit their leverage.
- TomGullen 13y ago
  Someone bought ~$1mm on gox a few days ago without too much trouble I think
  - GigabyteCoin 13y ago
    They did, but it sparked a frenzy of buying shortly afterwards...

travisp 13y ago

Most people, for good reason, use an escrow agent when buying and selling real estate (at least here in the US). As a buyer, I would be doubly uncertain about directly transferring someone Bitcoin since it's at least as irreversible as a processed wire, and probably harder to have good legal recourse for. If you can find someone who would do escrow with Bitcoin, you'd probably have better luck.

adestefan 13y ago
You'll also need to pay any titling, fees, insurance, and taxes in USD.

jamoes 13y ago

Take a look at BitPremier: http://www.bitpremier.com/ http://www.bitpremier.com/. They advertise your high-value good on their site, and then once they pair you up with a buyer they also serve as an escrow agency.