I'm new to BTC. I have read much and i'm currently done verifying my localbitcoins profile. I do have some questions before i start trading:
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I notice the traders sell bitcoins slightly higher than the market price. (In my currency the price is now 7800/btc, while they sell it for around 8000/btc) Why is this, because of the 1.5{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} transaction fee maybe? This will be much if i buy 20 bitcoins.
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When you buy for say 8000/btc, will that be the price be constant, even though the transaction and escrow will not release before a day after when the price have changed?
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In your experience, how long does it usually take for you to recieve your coins, and how long does it usually take to sell them?
submitted by /u/sorlandet
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