Silk Road forums

Discussion => Newbie discussion => Topic started by: tengolucy on May 09, 2013, 05:32 am

Title: bit coin price fluxuations
Post by: tengolucy on May 09, 2013, 05:32 am
So how does one hedge against the swing in BTC price when getting money to the SR? from what I understand it can take at least 6 hours? sounds like a potential for loss
Title: Re: bit coin price fluxuations
Post by: XIXksxlw9d3lw15atUox on May 09, 2013, 05:40 am
I dont know, all I know is one day I had like half a bitcoin left in account from a transaction ($20 a the time)

It had been about 3 months since I logged on...

Then one day, I was like, I need to buy some more coffee from India,

So I logged on, and bam, I had like $70 in there.  It was cool because that just enough to get my coffee!!!

I guess you just need to study bitcoins, because, its the currency of the future.
Title: Re: bit coin price fluxuations
Post by: Edgekrusher on May 09, 2013, 07:02 am
Maybe it can take 6 hours.  Usually it's more like 2.

Pretend you're just making swing bets on bitcoin value.  Buy low after a drop.  Transfer as it raises in correction.....  But yeah, not much you can really do.  If you don't like the price it changed to, then just wait around a couple days.