sent 210 via skrill for for 50 litecoins he been giving me the run around for 2 days and is now actively trying to get more swaps

http://forumserver.twoplustwo.com/members/249595/

ACEvivKING

looks like he flat out stole it

2+2 - ACEvivKING
Party - icdfmaria
ACR - JerryJones, 88PLAYMAKER88
Lock - iR0B0T
Carbon - CAPTAINxHINDSIGHT
FTP - ACE_viv_KING
PS - ACEvivKING

Skype - abandonalhope_1
MB/Skrill used in this scam was - mrtrautmann@hotmail.com - Sascha Trautmann

posted warnings - 1, 2+3



update - hacked - http://forumserver.twoplustwo.com/sh...postcount=5231
.

New to the ptp transfers and just reading through the relevant threads... Question-
Why are there sometimes disparate amounts in the trade? It usually seems to be when someone is asking for $ to a bank account (chase, boa, etc). Im seeing a number of instances where the person getting the $ in the poker account is getting more than what they r sending to the other party's bank account. Not sure why. Looking for illumination. Thanks

If you trade poker money for real money, you are effectively getting an instant cashout from the site and people pay a premium for it.

If you see a trade for 'Site A to Site B' and the amounts aren't even, it could mean the cheaper site has slower cashouts and, therefore, is worth less; or, someone could be paying a premium to give people an incentive so they can get the trade taken care of quickly.

real money - that you can hold, have, spend right now

is worth more than

online poker money - which you may be able to hold, have, spend in the future, but only after a cashout process that takes time, and sometimes fees, and sometimes your bank gives you some hassle

so one real dollar should always get you at least one online dollar, these days. often it will get a lot more, depending on the value of the currency (poker site) you are looking to get. pokerstars trades at .95 or higher meaning 95 real dollars could get you 100 pokerstars dollars. black chip and intertops trade somewhere around .90. lock trades below .20 because they don't really pay cashouts. in general, the higher the rate, the more confidence we have that the poker site is legit and paying legit cashouts

sometimes rates can also depend on what payment method you are using, and how safe/fast/useful it is. for example, someone depositing cash into your bank account at a bank branch is very fast and convenient for you, and also safe (not reversible/scammable). that money might be valued differently than if you traded poker site money for, say, an amazon gift card, which is not as useful as actual cash, and also is a bit more unsafe (could be fraudulent/scammable)

hope this helps
good luck

Thanks very much for the responses. While I now understand the basic rationale of real $ vs poker site $, I still dont entirely get the disparity. Both parties are looking to make a trade. If the person looking to get money on the poker site could do it via bank account or visa or whatever- why go through the ptp process and its inherent issues of having to trust the other person etc. (also arent you forgoing deposit bonuses and such for doing it this way?). So it would seem the person transferring money to another players poker account is doing a 'service' by getting that person money they couldnt otherwise get on the site, right? Why is this 'service' worth less than the 'service' of depositing $ to a persons bank account? Both offer value- a person getting money in their poker account, who ostensibly wouldnt be able to get $ on there otherwise and the other person getting what amounts to an easier, fee-less cashout. Tit for tat, no? I must be missing something...

Hey, this is the real ACEvivKING. I got an angry text from someone saying I ripped them off in a 2+2 swap. I haven't done a trade in a few months. My account has obviously been hacked. I want to help the guy get his money back, if possible. But I also want to clear my name. I have done about 30-50 trades on 2+2 since I started playing poker a few years ago. A lot of them I sent first. I haven't had any problems in the past. My ACEvivKING account has been compromised. Please do not trade with the ACEvivKING account until we get this sorted out. Im willing to do whatever Mike Haven asks to help prove this wasn't me. Ill post screen shots of my bank account, whatever he asks. That wasn't me! I would never rip someone off!

UPdate is nothing jamthe3 has since dissapeared, after the scam. My family has a law firm and there isnt much i can do. Besides some scare with the limited info i have on him

funding a us site with a visa or B.A is prob more difficult than you're aware of. Its rare for a site to even except deposits via a us B.A, has been for years.

If your cc manages to work there will be fees plus the possibility of issues with the cc co.

around .20 from what I have seen..

(*I meant accept in last post. sorry, too late to edit.)

I know its hard to deposit using a cc and just a general pain in the ass to get $ on a poker site. This is my point- transferring $ to someone to let them play poker is a service to that person, just as much as that person transferring money to your bank account. Thats why Im still wondering why there is a premium for the latter over the former. To me it seems like these are essentially equivalent services which should merit a dollar for dollar swap.

As hard as it is to deposit, It is MUCH harder to withdraw in comparison... that is one reason why real money is worth more than online poker money especially on us facing sites. These sites are at additional risk because theoretically the DOJ could attack them on any given day.

In Utopia, your theory is probably correct. In reality, market conditions apply.

If some people want to "buy" cash with a greater sum of money in poker chips, others will sell it at a perceived profit. That perceived profit becomes a generally accepted norm because of supply and demand. The perceived profit is different for different sites' chips, depending on how easily the chips can be changed back into cash.

As it is virtually impossible to change, say, Lock Poker chips into cash at face value at this time, the sellers of cash for Lock Poker chips may think a future potential profit of up to 80% is worth the risk of possibly losing the lot, or, they may enjoy playing in a $100 game for only $20.

It is possible that some people will pay cash at evens for a few highly regarded sites' chips, but if the seller of chips wants a quick deal for cash, they usually have to offer at least a small profit to the buyers to tempt them to buy from them.

Did you receive yet?

If the answer isn't extremely obvious to you without having to ask, you should probably do a lot more reading before considering putting a dime of your money on a poker site. A little research would help you understand that it's much, much harder to withdraw money from a US site than to deposit.

But even if that wasn't the case, doesn't it make sense that money in your hand should always be worth more than money on a poker site? If you're playing on a site where cashing out is relatively easy, I suppose you could make an argument that each party is doing the other a service and money could be traded at par, but that's pretty much the best case scenario. However, I don't know why people in situations like that would even be trading money in the first place - depositing on a site like that wouldn't be difficult enough to warrant the risk of trading money with strangers.

And please don't get too excited to buy lock at 17 cents on the dollar. IMO it will not be worth that much in the next couple of months and a cashout by check takes at least 8 months.

What is the best place to go on 2+2 to sell a small amount($500) of stars for BoA or Chase? I am willing to send first and pay appropriate vig to a reputable seller. If this post is a rules violation please remove.

See OP of this thread.

Whats wrong with selling some after the market want up 20%?

Buying btc at btce rate and selling at gox rate, asking the 2p2 poker community to make you an instant $200 profit per btc traded isn't wrong? smh There are other ways to do what your asking for without screwing over the poker community.

Market's gone up ridiculous like since I bought a bitcoin back in the first week of October. Crazy seeing it go from valued at $125 to over $1,000 in two months...lol.

Buying and selling the same funds is the kind of thing that might get the transfer threads shut down for legal issues.


First, it's going to be 3 day and then permanent bans for those doing obvious business here with buy/sells.

Be warned.

Quote:

Originally Posted by Mike Haven

***BIZ rule*** The thread is to be looked upon only as a convenience to players having funding difficulties. Profiteering or transfer-business posts which state, say, that people have "unlimited" or large amounts to transfer for a set vig will probably be deleted.

That rule may be somewhat outdated in today's climate but it still indicates management edicts that the 2+2 transfer threads not be used for trading business.

I have PMed Phoenix14

Was this that 125 for 900 Lock trade from Dec 1st? I'll strike it from my vig recording if it turns out this was a scam. Sorry to hear about it.