Silk Road forums

Market => Product requests => Topic started by: King_Snake on September 29, 2011, 10:51 pm

Title: Need 6 BTC but can only send paypal gift
Post by: King_Snake on September 29, 2011, 10:51 pm
So as the topic says...I need 6 BTC but im unable to use any method but sending as a gift on paypal. I'm a verified paypal account holder and i can show you my ebay feedback. I haven't been a member of this forum or silkroad for very long but ive lurked for a few months now and im finally ready to buy. Until i realized the difficulty of getting BTC. there are no vendors for Moneypak near me, i cant wire funds and dont know any other way to get BTC. i only need 6 so please help me out
-Snake
Title: Re: Need 6 BTC but can only send paypal gift
Post by: Serguei on September 29, 2011, 11:09 pm
If you are a verified paypal member you can you it to get btc with virwox I think, check it out on the "how to get bitcoin" guide https://en.bitcoin.it/wiki/VirWoX
Title: Re: Need 6 BTC but can only send paypal gift
Post by: King_Snake on September 30, 2011, 12:10 am
that looks rather complicated. Id have to set up an account buy a different currency then exchange it for bitcoins yes? How would i know how much secondlife dollars i need?
Title: Re: Need 6 BTC but can only send paypal gift
Post by: Serguei on September 30, 2011, 08:18 am
It's not complicated, it's just lenghty :) You don't have to play the game or have a game account though.

I'm sure you can do the math yourself!
Title: Re: Need 6 BTC but can only send paypal gift
Post by: quinone on September 30, 2011, 12:56 pm
$1 USD = 260 SLL/USD

1 BTC = 1300 SLL/BTC
6 BTC = (1300 x 6) = 7800 SLL /BTC

7800 SLL/BTC / 260 SLL/USD = $30 USD

You can also find out directly the cost per BTC by simply dividing the cost to buy BTC (1300 SLL/BTC) by the cost to buy SLL (260 SLL/USD) 1300 SLL/BTC / 260 SLL/USD = $5.00
Just make it so the units cancel out :P  ... the math is not hard. These are just example numbers from their current exchange rates

VirWox is a fluid market which means the price of SLL can fall to 150 (or rise to 450), if u get them at 150, hold onto them until the price stabilizes again (250) you can get BTC at a lower price, but its all about what will happen in the market.

Having spent hours trying to figure the best way to get BTC, VirWox is actually the SIMPLEST (for large BTC purchases, otherwise #bitcoin-otc) for many international ppl.
It has some annoying drawbacks though that will have your money tied up for a bit.  The first is that they will only let you deposit $56 USD into your account a day.  The second is that when you withdraw your BTC it will take 48 hours before send them.  The actual purchasing of SLL and then selling of SLL for BTC in exchange is instant (there is no wait time to convert it from SLL to BTC, just a wait time to WITHDRAW the BTC).

It's not the most ideal place to trade, but it made me happy to finally I see I owned 9 BTC after just 1 minute of work (though I wasn't aware or prepared for the 48 hour wait). 

I use #bitcoin-otc now though more then anything, if you just need 6 just ask if someone will sell you 3 BTC saying you want to get a rating established (they usually wont go over 2-4 for a PPUSD to a user with no rating on the bot).  It will take 2 transactions, but so long as you can find the ppl they will be quick.  I only have like 4 rating on there now and know 'personally' (as in i've traded with them) 2 ppl that will do $100+ worth of BTC through PPUSD (because i'm honest :), and others coming in offering seem satisfied with only 4 ratings so it doesn't take long if you want to make bigger BTC purchases in the future.
Title: Re: Need 6 BTC but can only send paypal gift
Post by: King_Snake on September 30, 2011, 01:59 pm
I just finished authing on #bitcoin-otc so i guess in a day ill try there. and how would i use virwox without a secondlife account? my comp is waay to full to download a game in never going to use :P