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<p>[QUOTE="Clawcoins, post: 2557038, member: 77814"]In a few other places that I'm in that sell/buy I see flippers buying coins then trying to sell and putting minimum start bids. Then no one bidding as the minimum is too high.</p><p><br /></p><p>At first the resells were doing good as many sales actually were lower than their buy price (from what I've noticed). I picked up a few things. Then they learned and put reserves or high start prices instead of starting at $1 with no reserve. Now they are learning the market doesn't over pay for stuff that they've over paid for just to have the inventory to flip.</p><p><br /></p><p>So, as mentioned above, having the knowledge and resources is key in not losing money.</p><p><br /></p><p>Add to that, you need the experience and knowledge not to mistate or overstate the quality of a coin if you define it. I've seen some ppl try to sell "BU" coins that obviously have been harshly cleaned.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 2557038, member: 77814"]In a few other places that I'm in that sell/buy I see flippers buying coins then trying to sell and putting minimum start bids. Then no one bidding as the minimum is too high. At first the resells were doing good as many sales actually were lower than their buy price (from what I've noticed). I picked up a few things. Then they learned and put reserves or high start prices instead of starting at $1 with no reserve. Now they are learning the market doesn't over pay for stuff that they've over paid for just to have the inventory to flip. So, as mentioned above, having the knowledge and resources is key in not losing money. Add to that, you need the experience and knowledge not to mistate or overstate the quality of a coin if you define it. I've seen some ppl try to sell "BU" coins that obviously have been harshly cleaned.[/QUOTE]
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