Credits

[vr4dude316]

just getting started with this. i have purchased credits from the "Marketplace" my wallet setting to sell credits is 15%. how are others able to sell at 12,13,14%???

[mistaPhi]

just getting started with this. i have purchased credits from the "Marketplace" my wallet setting to sell credits is 15%. how are others able to sell at 12,13,14%???

Hey vr,

Many users of the platform have been using it for a while, buying Bitcoin at price points between 60-80K. As the price of Bitcoin appreciates, credits can be offered at a higher discounts and the seller can still walk away with profits.

For example... Let's say a user purchased $100 in credits for $90 in August when the BTC price was let's say $50K. Now let's say that as of today, half of their credits have converted and the price was still $50K. The user would have $50 in BTC and $50 in credits. But if the price of Bitcoin doubled to $100K, the user would have $100 in BTC and $100 in Credits. Considering that the $100 in BTC is already above his $90 purchase in credits, the user is sitting on $100 in Credits (free money). As such, they are able to sell at higher discounts and still make profits.

Everyone that chooses to sell their credits in a marketplace has their own personal reason for doing so. Some may sell at higher discounts and incur a loss due to a desperate need to get their hands on some $$$. I hope that that'll never be the case, but the marketplace is designed to accommodate many different strategies and needs. It's up to each individual to determine their own path and strategy.

There are also users that got in early and acquired a lot of credits from previous deposits. Such credits were issued at no cost so sellers may opt to sell them at higher discounts to acquire more Bitcoin today.

Hope that all makes sense but keep the questions coming if anything isn't clear.

[mistaPhi]

just getting started with this. i have purchased credits from the "Marketplace" my wallet setting to sell credits is 15%. how are others able to sell at 12,13,14%???

After pondering your question a bit more and remembering that you're fairly new to the platform, I think I have a better understanding of your question. So you tried selling credits and the minimum is 15%. That is correct and that's valid for all wallets. But when listing credits for sale, a 10% fee is incorporated in the price. So if you sell Credits at a 15% discount, they will be listed in the marketplace at a 5% discount.

So the offers you see for 12, 13, 14% is what buyers can buy them for. But the sellers actually submitted discounts of 22, 23, and 24%.

Check out this video:


Or this article - https://www.digitalcryptosolutions.com/ ... arketplace

[vr4dude316]

ah yes. that was my question. makes sense.