<p>Some possible reasons</p>

<ol>
<li><p>He's an idiot/uninformed</p></li>
<li><p>He's willing to sell low because he wants to promote adoption</p></li>
<li><p>He's got a very low Net Asset Value (very early adopter)</p></li>
<li><p>He wants to unload a lot of coins quickly</p></li>
<li><p>He is trying to avoid records/taxes on this transfer</p></li>
<li><p>He's not willing to wait for the traditional fiat system (time preference)</p></li>
<li><p>He only has a high fee method of withdrawing fiat, so it is not actually a loss for him</p></li>
<li><p>He's got stolen/tainted coins</p></li>
<li><p>He's going to steal your cash</p></li>
</ol>

<p>There is no official system in place to assign taint, but if they are from a highly publicized theft and not mixed before they are sold to you there may eventually be people in suits knocking on your door wanting to sieze them or asking awkward questions.</p>

<p>In 7 of these 9 reasons there is no real problem for the buyer, but if you want to avoid stolen coins or getting mugged you should ask some questions, get a copy of his ID, and do the deal in a public place with witnesses.</p>

CC BY-SA 3.0
2013-12-01T00:08:18.523Z
What are "tainted coins"?  I thought that concept was only a proposal.  Is there really such a list?
RentFree
CC BY-SA 3.0
2013-12-01T01:47:30.740Z
Also, considering the fees that he may need to pay to get the cash from an exchange it may actually not be bellow market price for him. Or he's willing to pay a premium to have cash "now".
dchapes
CC BY-SA 3.0
2013-11-30T21:30:16.653Z
2013-12-01T14:58:37.033Z
2013-12-01T14:58:37.033Z
Scrybe
<p>A local fellow in my area is will to sell BitCoins for below market price in exchange for cash.  I can't help be wonder if it's a scam.  Is there a reason why someone might be willing to do this?</p>

CC BY-SA 3.0
2013-11-30T23:33:43.757Z
Loosely related: http://bitcoin.stackexchange.com/q/13117/5406
Murch
<sell-bitcoins>
Why would someone be willing to sell BitCoins at substantially below market price?
TBS
# Why would someone be willing to sell BitCoins at substantially below market price?

(Asked by: username_0 on 2013-11-30)

A local fellow in my area is will to sell BitCoins for below market price in exchange for cash. I can't help be wonder if it's a scam. Is there a reason why someone might be willing to do this?

**Tags:** sell-bitcoins

> **Comments:**
> **username_1**: Loosely related: http://bitcoin.stackexchange.com/q/13117/5406  

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## 1 answers

### Answer by username_2 on 2013-11-30. Score: 2

Some possible reasons

1. He's an idiot/uninformed
2. He's willing to sell low because he wants to promote adoption
3. He's got a very low Net Asset Value (very early adopter)
4. He wants to unload a lot of coins quickly
5. He is trying to avoid records/taxes on this transfer
6. He's not willing to wait for the traditional fiat system (time preference)
7. He only has a high fee method of withdrawing fiat, so it is not actually a loss for him
8. He's got stolen/tainted coins
9. He's going to steal your cash

There is no official system in place to assign taint, but if they are from a highly publicized theft and not mixed before they are sold to you there may eventually be people in suits knocking on your door wanting to sieze them or asking awkward questions.

In 7 of these 9 reasons there is no real problem for the buyer, but if you want to avoid stolen coins or getting mugged you should ask some questions, get a copy of his ID, and do the deal in a public place with witnesses.

> **Comments:**
> **username_3**: What are "tainted coins"?  I thought that concept was only a proposal.  Is there really such a list?  
> **username_4**: Also, considering the fees that he may need to pay to get the cash from an exchange it may actually not be bellow market price for him. Or he's willing to pay a premium to have cash "now".  

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