Silk Road forums

Discussion => Newbie discussion => Topic started by: brainfreeze on March 19, 2013, 04:13 pm

Title: is the sharp increse of bit coin costing me orders
Post by: brainfreeze on March 19, 2013, 04:13 pm
ive noticed since the bitcoin has gone up fast today ive not had any orders. Normally i start getting orders ready for the weekend. Any other vendors thinking the same?
My link if you want to look at my page
http://silkroadvb5piz3r.onion/silkroad/user/0319a1315a
Title: Re: is the sharp increse of bit coin costing me orders
Post by: flakesmith on March 19, 2013, 04:31 pm
well yeah.

assuming the price gradually increases, some will be better off waiting for the price to stabilise at a higher price (looking to be 56-59 now) so they can either a) save money or b) get free drugs.
Title: Re: is the sharp increse of bit coin costing me orders
Post by: brainfreeze on March 19, 2013, 04:40 pm
is the jump in price due to the banking melt down in Cprus ?
Title: Re: is the sharp increse of bit coin costing me orders
Post by: macdknife on March 19, 2013, 04:52 pm
Purely from a buyers point of view, it's not making any impact on my purchasing. I made two orders today. If you are basing you prices on the € or $ currency and updating regularly in accordance with bitcoin prices then I don't think you should have an issue.
Title: Re: is the sharp increse of bit coin costing me orders
Post by: 57 on March 19, 2013, 04:56 pm
^^Agreed.  Base your prices on $$ and update them regularly, so it doesn't matter how much BTC I'm spending as long as the BTC/$$$/dope ratio matches
Title: Re: is the sharp increse of bit coin costing me orders
Post by: J4y on March 19, 2013, 05:02 pm
DEFINITELY agreed!
Title: Re: is the sharp increse of bit coin costing me orders
Post by: breakair on March 19, 2013, 05:42 pm
I would imagine the steep rise in price is costing you orders, it stands to reason, when the value of any currency goes up, people hold back on making purchases, especially discretionary purchases. I spent the last of my BC over the last couple of days, at the value I paid, I'm sick as a dog now, I could have had an extra 10-15% >:(
Never mind, hopefully, I'll be high soon and it won't matter :P
Title: Re: is the sharp increse of bit coin costing me orders
Post by: Royal Highness on March 19, 2013, 05:46 pm
back when i vended i made the mistake of placing ad based on BTC.   just thought i'd support the currency or some stupid shit.  well, it was pretty stable give or take a couple bucks then.  suddenlty i realized my orders were not coming in.  well, a 50% rise in BTC value that day had suddenlty made my orders 50% higher.  so a gram that was 100 USD was now 150USD.   

i think you can see the problem with this approach.
Title: Re: is the sharp increse of bit coin costing me orders
Post by: brainfreeze on March 19, 2013, 09:04 pm
 :) :) :) :) :) :) thanks for the reply's people. Just cpl of things my prices change as the price of  BTC's goes up so no need to worry on that  :). I am worried tho that if it continues to rise that it will burst and lets put it this fuck a lot of people up who are holding coins 
Title: Re: is the sharp increse of bit coin costing me orders
Post by: cyanspore on March 19, 2013, 09:30 pm
i had this experience over at BMR with my shrooms. customer told me BTC kept resetting when he put enough in there to a new level. Apparently BMR updates BTC prices every five minutes

but after a few tries he got the right amount. I think that might be a problem when BTC goes up or down really fast like it is right now, cause 30 seconds later it's a new price sometimes

but my prices are pegged to the dollar so now it's under .17BTC so it's like the cheapest thing there
Title: Re: is the sharp increse of bit coin costing me orders
Post by: onetwothree on March 19, 2013, 10:03 pm
Short answer: probably.

I know I've been holding off because of it.
Title: Re: is the sharp increse of bit coin costing me orders
Post by: TorUser1549 on March 19, 2013, 10:45 pm
To tell you the truth this raise in the BTC price made me stop ordering and keep my coins until I can purchase what I want or at least until price starts dropping .
Title: Re: is the sharp increse of bit coin costing me orders
Post by: Oliveoil on March 19, 2013, 10:49 pm
I can't hold onto bitcoins I buy too many goodies on here.
Title: Re: is the sharp increse of bit coin costing me orders
Post by: brainfreeze on March 19, 2013, 11:03 pm
ha ha im the same cant stop buying more goodies, im like a kid in a sweet shop
Title: Re: is the sharp increse of bit coin costing me orders
Post by: MDUK on March 19, 2013, 11:16 pm
is the jump in price due to the banking melt down in Cprus ?
Possibly - if you think about it, the news broke over the weekend and it took until yesterday or today for people's bank transfers to the bitcoin exchanges to clear.
There's been some serious exchange volume today...
Title: Re: is the sharp increse of bit coin costing me orders
Post by: onetwothree on March 19, 2013, 11:29 pm
is the jump in price due to the banking melt down in Cprus ?

Could be, but I think the FinCEN guidance was the main reason.
Title: Re: is the sharp increse of bit coin costing me orders
Post by: ascenditcoelos on March 19, 2013, 11:34 pm
Whilst it may be costing you orders in the short term, it will probably be gaining you orders in the long term :)
Title: Re: is the sharp increse of bit coin costing me orders
Post by: TorUser1549 on March 20, 2013, 12:20 am
Whilst it may be costing you orders in the short term, it will probably be gaining you orders in the long term :)

Nice way of looking the positive side of this.
Title: Re: is the sharp increse of bit coin costing me orders
Post by: weed4me6969 on March 20, 2013, 12:36 am
i cant believe the fluctuation with these bitcoins.....went up almost $15 CRAZY
Title: Re: is the sharp increse of bit coin costing me orders
Post by: iiivision on March 20, 2013, 01:39 am
price is at 61 dollars now i knew i should of got some yesterday when it was at 52 i am still looking to buy what is the common opinion on price fluctuation over the next week will it continue to increase or drop back down to the 40's and 50's???
Title: Re: is the sharp increse of bit coin costing me orders
Post by: brainfreeze on March 20, 2013, 11:05 am
As many of you will already know bit coins have gone right up, i bet some people are making huge amounts of money, i bought my first coin for £13 pounds now just over a month and a half they are selling for £40 on the exchange holy shit thats an investment. just a bloody shame i cant stop getting shitfaced and spending all my coins on goodies ;D ;D ;D ;D ;D ;D