Silk Road forums
Discussion => Newbie discussion => Topic started by: error91 on July 31, 2013, 06:21 pm
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Ok so i'm very new to the whole thing with using bitcions & SR etc. (I only got my first purchase through today) and I know that the price of BTC fluctuates constantly.
When i bought my first lot of BTC they were valued at something like, 62.50 but then 4 days later (today) they peaked at £72.50! If the value of BTC were to shoot up even more, do the vendors on SR and other sites change their prices accordingly?
i.e if a gram of coke is valued at 0.8 BTC which for example was £80, if the BTC rate shot up and 0.8 BTC was now £100, will the vendor change his price so that your still paying £80 for the product?
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i think if they have it in dollar amount it would stay the same but if it goes by the btc it would havee to go up. if u list something for 1 btc which equals 100 dollars and tomorrow 1btc equals 120 then the product that cost 1 btc would cost 120. either way it screwed me over, just in the time it took my btcs to tranfer to SR they dropped 6 dollars so it screwed my transaction all up now im short!
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i think if they have it in dollar amount it would stay the same but if it goes by the btc it would havee to go up. if u list something for 1 btc which equals 100 dollars and tomorrow 1btc equals 120 then the product that cost 1 btc would cost 120. either way it screwed me over, just in the time it took my btcs to tranfer to SR they dropped 6 dollars so it screwed my transaction all up now im short!
Thanks for the clarification!
Yeah thats shit mate! it doesnt take a long time for the value of BTC to go up and down!
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i think if they have it in dollar amount it would stay the same but if it goes by the btc it would havee to go up. if u list something for 1 btc which equals 100 dollars and tomorrow 1btc equals 120 then the product that cost 1 btc would cost 120. either way it screwed me over, just in the time it took my btcs to tranfer to SR they dropped 6 dollars so it screwed my transaction all up now im short!
Thanks for the clarification!
Yeah thats shit mate! it doesnt take a long time for the value of BTC to go up and down!
think you could help a fellownoob out?!?!?