Silk Road forums

Discussion => Security => Topic started by: Thekla1 on August 31, 2013, 06:05 pm

Title: Bitcoin inflation
Post by: Thekla1 on August 31, 2013, 06:05 pm
Price seems to be climbing steadily. Anybody got any ideas why?
Title: Re: Bitcoin inflation
Post by: Sensei on August 31, 2013, 07:33 pm
Probably will be the least constructive idea but my guess would be the article about SR that is being published in Septembers issue of Forbes attracting more customers? Pretty sure all the people that has a subscription has gotten their copy in the mail already or maybe something else. I've been noticing the rising price of the btc as well though.
Title: Re: Bitcoin inflation
Post by: YouNeverFE on September 01, 2013, 03:02 am
Buy your large orders now :)

SELL as much as you can as well :)
Title: Re: Bitcoin inflation
Post by: phunky on September 01, 2013, 08:52 am
You would need to poll every single person buying bitcoins to answer your question.  I know that's not helpful but it's the truth.  The reason is simple economics: more demand and less selling of btc at the current price.  This looks like investment to me.   Generally it could be because of more people becoming aware of it, it could be because of people willing to take a big risk and hope to get rich, it could be people trying to buy into a currency they have more faith in than their own.  It's not because of SR though.
Title: Re: Bitcoin inflation
Post by: p3nd8s on September 01, 2013, 08:55 am
Buy and hold, the sky's the limit.
Title: Re: Bitcoin inflation
Post by: Wa1ter White on September 01, 2013, 09:05 am
Buy your large orders now :)

SELL as much as you can as well :)


Why sell as much now as you can?  What if the price comes down again?

What happens to the BTC in my escrew if they are exposed and the BTC value is rising?   Does this mean i am gaining or losing value from the BTC i hold?


Title: Re: Bitcoin inflation
Post by: phunky on September 01, 2013, 11:09 am
escrow remains the same, what you paid in btc when you ordered doesn't change, but the value of those btc might change so  the vendor might end up getting more $ for btc in the end if btc rises, or less $ if it falls.