LocalBitcoins Trading Up, Bitcoin Going Mainstream?

LocalBitcoins ATMMany people use LocalBitcoins for many reasons, but lately its volume has increased a lot. This, of course, brings up the question of what it means for Bitcoin.

Is Bitcoin going mainstream, are people stocking up for a coming increase, or is LocalBitcoins one of the more convenient places to sell bitcoins these days? It’s hard to tell if any, or all of these are the case. Indeed, LocalBitcoins is one of the fastest ways to get it done. After three confirmations, if you find a buyer, you complete your transaction and you have your money.

Also read: Greece is not Buying Bitcoin

Unless you set up an actual, local trade for cash, which can take longer. Those can be more profitable, as can certain online payment forms. There have been cases of mysterious and bad things happening via LocalBitcoins, and occasionally you see LocalBitcoins accounts for sale on places like BitcoinTalk. That is why you have to be careful and vigilant

Read more ... source: CryptoCoinsNews