Comment on Instant Bitcoin Purchases at CoinbaseparentComments−wilfra13yBuy BTC from tocomment Inc with credit card. If in 5 1/2 months the price of Bitcoin is lower, issue a chargeback and take no loss. If the price is higher, do not issue a chargeback and take the profit.Sounds like a bad deal for tocomment Inc.−wmf13yThis could be "fixed" by holding USD for 6 months and then converting it to BTC, but it's still fairly pointless.−tocomment13yVery good point! I still think there's got to be a solution to selling bitcoins without so much overhead.
Comments
Buy BTC from tocomment Inc with credit card. If in 5 1/2 months the price of Bitcoin is lower, issue a chargeback and take no loss. If the price is higher, do not issue a chargeback and take the profit.
Sounds like a bad deal for tocomment Inc.
This could be "fixed" by holding USD for 6 months and then converting it to BTC, but it's still fairly pointless.
Very good point! I still think there's got to be a solution to selling bitcoins without so much overhead.