Silk Road forums

Discussion => Newbie discussion => Topic started by: anonom on March 02, 2013, 05:24 pm

Title: Hedging and canceled orders.
Post by: anonom on March 02, 2013, 05:24 pm
Hi everyone !

I was trying to do my second order on SR and choosed a domestic vendor in order to keep it as safe as possible.

Unfortunately, my order was canceled after something like 30 hours and I lost 0.19BTC probably due do hedging.

The vendor refused my order since it was domestical. Even though it wasn't mentioned anywhere on his page, this vendor ships worldwide EXCEPT domestically (seems a bit odd to me since it's usually the less risky option).

I feel like I got stole 0.19BTC for an order that was fully complying to the vendor's page. It's even more annoying since these BTCs were bought 3 weeks before now when the price was at around 20.5EUR/BTC.

What should I do ? Is it normal that you can loose quite a lot of money in canceled orders ? Anyone ever got a refund of that hedged part for canceled orders ?


Thanks for your help !
Title: Re: Hedging and canceled orders.
Post by: MaidMandy on March 02, 2013, 05:45 pm
The hedging fee for each hedged transaction is 4%. If a transaction is cancelled by a vendor that hedges their orders, SR still take the hedging fee of 4%. I think I am right in saying that unhedged orders that get cancelled don't lose any money.

It sucks to lose the few dollars, but that is part of the T&C's unfortunately. Give it a few days and the value may go up :)
Title: Re: Hedging and canceled orders.
Post by: Tony 76 on March 02, 2013, 05:46 pm
Most vendors don't scam.
Title: Re: Hedging and canceled orders.
Post by: DanDanTheIceCreamMan on March 02, 2013, 06:27 pm
Most vendors don't scam.

^HAHA^ wish I had 100 posts so I could give this guy a +1 for funny troll attempt!