[tadfisher]

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.

[dysruption]

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

[tadfisher]

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

[bingeboy]

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

[tadfisher]

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

[jfoster]

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.

[jellicle]

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.

[nwh]

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