Silk Road forums

Discussion => Newbie discussion => Topic started by: gunitbot6 on April 09, 2013, 05:11 pm

Title: Price of bitcoins up
Post by: gunitbot6 on April 09, 2013, 05:11 pm
shouldn't the prices of merchandise go down, it cost me $20.00 to buy .10 bit coins.   I wont buy anymore  coins until l the price goes down a little or the prices of  the merchandise goes down.
Title: Re: Price of bitcoins up
Post by: knexx on April 09, 2013, 05:22 pm
The price of merchandise is the same, the value of the BTC relative to the USD is what is going up.

On SR you can choose to have the prices of stuff be shown as USD rather than BTC. As the price of BTC rises, it will take fewer BTC to buy the same stuff.
Title: Re: Price of bitcoins up
Post by: cbrid on April 09, 2013, 05:57 pm
You should be able to complete a transaction within 3 hours from purchasing the BTC to paying the vendor. Most vendors hedge their prices against USD rather than BTC