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I Bought a Bitcoin on Craigslist for $17,300 - YouTube
Channel: TechSmartt
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so we just came up with this idea we're
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here at chase right now taking care of
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some business and I haven't seen anyone
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go out and buy a physical Bitcoin I know
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there's these Bitcoin ATMs that exists
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but since bitcoins like what seventeen
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thousand dollars at the time we're
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filming this video on a Monday I want to
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actually go pick one up I've never
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actually like owned a full Bitcoin and
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sent to $17,000 what I'm imagining in my
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head is a Craigslist kind of deal I show
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up with 17 grand I get a Bitcoin I know
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it's not physical it's like a digital
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currency and I'm off on my way there's a
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lot of like other things I haven't
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thought about in terms of how we're
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gonna get the money how we're gonna get
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the coin how we're not gonna get killed
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and ultimately how we're not gonna lose
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money on the Bitcoin like it's going up
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and down who is at 13 grand yesterday
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today it's at 17 tomorrow it could be a
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hundred let's go get some money so right
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now I'm on this app called coin base
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this is where you can buy and sell
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bitcoins online so you don't have to do
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what we're about to do the current price
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of the bitcoin is going for seventeen
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thousand dollars and this is just on the
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coin based app I'm gonna put up my coin
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base referral if you guys I think buy
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$100 with a Bitcoin I get like a little
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referral of $10 I'll let you know in the
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description below you guys want to check
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it out
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I'll put my Bitcoin address up here too
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if any of you guys know the Winklevoss
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twins I actually created Facebook now
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I'm just playing
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what we're about to do is head over to
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the chase booths right over there and
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pull out $20,000 in cash the way this
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goes down is I'm imagining someone's
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gonna want $17,000 for the Bitcoin
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that's what the price is going for now
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and then probably want a little more
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than market value I guess that's how
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buying and selling works I'm hoping
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they'll just take it at street value and
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we can just get this for 17 grand it's
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not looking likely once we go over then
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get that cash the hunt begins to find
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the coin junior 20s
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hundreds okay we're gonna
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I swear had the chase window right now
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low-key pretty scared I've been a minute
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since we pulled out this much cash last
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time it was to buy 30 iPhones at you
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guys this time whirly buying one Bitcoin
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I wish I did this with Bitcoin was a
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thousand dollars so it's Tuesday we
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still got the cash from Chase we haven't
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been robbed yet the current price of one
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Bitcoin is seventeen thousand seven
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hundred and ninety seven dollars so I
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think it's gone up since last night you
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can see the chart it's just kind of
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going all up and down across the board I
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mean this thing could be at 20 grand by
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the time we actually buy one so what
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we're gonna do now is call some people
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on Craigslist that are selling some
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bitcoins hopefully this isn't as sketchy
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as it sounds it really sounds bad
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there's to be a site called local
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bitcoins where you could meet up with
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people and kind of facilitate
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transactions that way it's since then
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doesn't seem to be a thing in California
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so we are using Craigslist
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we got a few numbers let's give them a
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call so we're calling the first number
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see if they pick up hi I saw your
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listing on Craigslist regarding selling
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a Bitcoin how many do you have all right
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well thank you so much for your time I
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appreciate a man all right let's try out
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another number I guess the hunt
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continues hey I saw your listing on
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Craigslist about selling some Bitcoin
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you mean you're gonna sell me no I want
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to buy Bitcoin from you you're selling
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to me alright well thanks thanks so much
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alright this is so hard this is so hard
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hi I saw your listing on Craigslist
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about selling Bitcoin and I'm just
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serious alright would you be willing to
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meet up at a police station for security
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purposes we can get them in on it too
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like what's your name what's your name
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by chance nice to meet clean doctor well
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that's the issue so coinbase doesn't
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have enough supply for Bitcoin right now
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and we have cash that's kind of our
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catch-22 right now and with coinbase you
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have some limits and we're not able to
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purchase an entire Bitcoin with our
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account status so that's that's why I'm
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coming to the Bitcoin doctor market
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price will say is 18 grand right now
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plus 10% 1800s so and just doing some
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quick math you eighteen thousand eight
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hundred dollars or whatever the market
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rate is a Bitcoin I'll give you a call
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back at around fifteen minutes all right
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thank you all right bye
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we got a hit the bitcoin doctor seems
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like he's coming through I'm kind of
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excited I don't feel as sketched out as
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I was going into all these calls he
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seems like he's willing to meet up at a
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police station ten percent I mean should
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we have tried to negotiate that there's
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a little too late whoa whoa wait 15 min
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eaten a - playing hardball and gonna
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make me wait til the last ring aren't
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you
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or straight-up ghost I might give it one
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more ring hi so we made some calls and
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here's what I'm willing to propose I'm
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willing to buy one Bitcoin at market
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value so let's just say $18,000 and I'm
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will
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pay a 5% fee we can fix that at $900 and
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we can come drive to you for convenience
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sake if you want to just text us an
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address of a police station but like
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that's that's currently the best we can
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do yeah okay what would you counter at
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in terms of a percent so I I did some
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digging there's a few other sellers on
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Craigslist I was looking at a few
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Bitcoin ATMs locally around here we do
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want to buy one coin so I'm just trying
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to see what the best way the best way we
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can make this work is very very strong
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holders and no I totally understand I
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will go ahead and let you know tomorrow
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if we're still interested if not it was
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great speaking with you Bitcoin doctor
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that literally sounded like a robot if
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this is what artificial intelligence is
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gonna be in a year I'm scared
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do you guys take Bitcoin one day one day
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while we try to find some Bitcoin ATMs I
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want to announce a quick Bitcoin
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giveaway so this use been amazing thank
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you guys so much for all the support so
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I'm gonna be giving away two thousand
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five hundred dollars worth of Bitcoin to
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10 lucky people
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so each winner is gonna get around $250
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to the Bitcoin all you have to do to
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enter this giveaway is hit the link in
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the description below it's right at the
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top basically you just need to make sure
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you subscribe drop a like on this video
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and make sure you're following on
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Twitter and Instagram it's popping over
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there and then just hit the link in the
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description below for the full rules if
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you guys don't have a Bitcoin account
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super easy to create one get your wallet
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address all set up this giveaway will be
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lasting for 96 hours and I'll announce
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the winners on Instagram Twitter and let
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you guys know in the YouTube comments -
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let's hope some Bitcoin ATMs don't scare
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us so while we're waiting for the doctor
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to lower his prices I went online and I
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found that there's a local Bitcoin ATM
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I'm sure you guys have heard about this
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they kind of have high fees but that
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this random liquor store so let's come
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on let's go on some coins and a good
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name do the name and so they even have
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like coin on here I got my wallet right
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here so here's my address if you guys
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want to send me any Bitcoin that'd be
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bomb
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seriously hook it up someone someone's
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gotta have like one Bitcoin they want a
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sauce your boy so we're gonna scan this
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on the machine you see the wallet
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address is recognized so insert a cash
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so far is zero which equals zero mega
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BTC one mini BTC right right man I'm be
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teasing ya 1m BTC is going for twenty
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four dollars and ten cents so one
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Bitcoin from this machine if we picked
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it up would be twenty four thousand one
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hundred dollars the current price of
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Bitcoin on coin base right now is going
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for seventeen thousand eight hundred and
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fifty four dollars they're making a lot
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of bread that's the wallet I'm using
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it's good pun there they're making a lot
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of bread just off this machine let's
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just try it out I want to see what it's
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about
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I'm gonna put I'm gonna put a little
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cash in here I'm gonna give it 40 bucks
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just want to see how this goes down you
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guys want to try out your own Bitcoin
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ATM this is kind of what the process
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looks like the 20 bucks in and it
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calculates how much em BTC that's a
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pretty hefty fee that is a pretty hefty
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fee alright so we're just gonna hit five
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bitcoins and just like that well that
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was really easy and we just bought $40
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for the coins so basically when you buy
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Bitcoin from a machine they're pretty
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much charging double I put $40 in and
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the value I got was $20 I've literally
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just lost $20 because I put it in an ATM
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what's interesting is though they have a
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few alt coins so they got BCH and they
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have light coin they're charging 472
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dollars for the light coin but the
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current price of light coin is going for
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350 bucks not a bad way to go basically
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what went down in there is the guy
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that's running the store pretty much
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just watch me waste
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twenty dollars into a machine it just
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ate it right up Bitcoin ATMs are cool
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we're gonna go check out a few others
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see if we get some better fees or else
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we're gonna be calling up the doctor
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Letta move I thought that we just showed
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up to another liquor store this one also
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has a Bitcoin ATM but it's looking a
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little more promising and we can
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probably maybe avoid the doctor I don't
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want to pay that 10% so it looks like
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this ATM wants to charge us eighteen
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thousand two hundred and sixty-three
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bucks at least that's what they're
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marking it up the current price of
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Bitcoin is seventeen thousand five
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hundred and sixty six bucks a start and
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see what's good I'd love to avoid the
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doctor at this point I want to avoid the
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doctor okay so there actually is a limit
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on this we can only spend ten grand
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once the ID is verified I don't like
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overspend ten grand
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let's just see what 40 bucks look at us
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buy bitcoins do you have a Bitcoin
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wallet of course I do take a picture of
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me looks good same Bitcoin wallet please
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send me some money would be great I'm
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gonna need it after all these fees so 50
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bucks we get point zero zero two seven
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three six one nine Bitcoin bitcoins
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already been receiving my wallet print
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receipt
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still feel like we got scammed we got
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$20 $20 after putting 50 in the machine
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we need to call up the doctor I'm sorry
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to feel pretty awful about these Bitcoin
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ATMs I mean I know they got to make some
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money but I put in $50 more than the
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last machine and I got less money than
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with the last machine gave me bets legit
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let's hope this guy's not a doctor what
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if he's like Nernst Bitcoin hey how are
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you calling about the Bitcoin so we're
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just looking to get one Bitcoin right
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now we have cash with us so I mean what
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are you looking for on top of it I guess
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that's just a better question so we can
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cut to the chase so the reason why we
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can't buy their coin based is we have a
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fifteen thousand dollar limit and we
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want to get one whole Bitcoin it's just
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for a project we're working on that's
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kind of why we're we're doing the
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Craigslist yeah that'd be perfect we
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have cash but to make both of us feel a
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little more secure since I mean it's
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kind of like a higher
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transaction could we meet at a police
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station inside I know I know it sounds a
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little different but you know I just
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want to make sure we both feel
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comfortable because this is a lot of
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cash here and this is a Bitcoin just to
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be totally honest here like I don't know
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how secure a bank lobbies is and I mean
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a banks are pretty much closed after
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6:00 normally I would say Starbucks but
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we're dealing with we're dealing with
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like a high-profile currency so all
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right yeah is there any way you could do
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it tonight or would you want to do it in
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the morning all right we'll let you know
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that all right all right thanks man
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all right so pretty much he wants to do
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it at like a Starbucks no one's really
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down to do ahead of police station but
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I'm not gonna lie like this will not be
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happening at a Starbucks we're at the
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Wells Fargo Bank about to buy one
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Bitcoin hopefully not get stabbed or
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robbed
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I'd rather get robbed and stabbed I
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think but at this price like maybe a
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stabbings all right all right so I think
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this is the guy
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Bitcoin hey how you doing thought I was
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gonna get stabbed we're already coming
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out on top you got a form here that is
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basically a bill of sale I got this bill
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of sale will transfer legally my Bitcoin
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to you but obviously since this is like
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what $16,500 your story I mean what
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surprised
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16500 17 okay so so you guys made out
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better fine this morning the last night
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I guess a thousand dollars and this is
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the juicy part oh and you have the cash
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yeah oh yeah of course I'll just run it
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through that's all bank basically we'll
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go here
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BTC wallet send one Bitcoin send and
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then you can just press that and you can
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scan it for yourself there we go
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buying one Bitcoin and if you'd like to
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put notes or something like that
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Thanks sound okay there you go we go you
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just got a Bitcoin let's walk let's walk
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he was so chill we didn't even get
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charged a five percent but you know
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living literally I mean we got a Bitcoin
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for cash value that's customer service
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you can't be baby so it's exactly nine
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hours later the Bitcoin finally cleared
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in the wallet so as you guys can see we
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didn't get a full Bitcoin and that's
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because the miners they take a fee
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that's just how Bitcoin and blockchain
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works so in our wallet right now this is
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just because of some of the other
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transactions we did with ATMs we
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technically have a full Bitcoin or a
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thousand millimeter see that makes sense
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you guys you guys know exactly what's
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going on here so this is what you have
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to do if you want to go ahead and buy a
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Bitcoin locally you go ahead and use
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coinbase but what's kind of interesting
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is with this being a decentralized
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currency there are so many hurdles to
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jump over just to like get a full
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Bitcoin if you want to get a smaller
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amount it's a little easier but to get
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one full Bitcoin this is what you have
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to go through so I hope you guys enjoyed
[870]
this video make sure you guys hit the
[872]
link in the description below and you
[873]
subscribe so you don't miss this
[875]
giveaway it's gonna be awesome thank you
[876]
guys so much for everything this year
[878]
that's gonna do it make sure you guys
[879]
can subscribe with notifications turned
[881]
on if you're new
[882]
and comment down below if you guys are
[883]
just joining the notice squad fall so
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the ends of story that's where all the
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behind the scenes happen for this entire
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Bitcoin adventure and I'll see you guys
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later
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