Silk Road forums

Discussion => Newbie discussion => Topic started by: gravyfingers on September 29, 2013, 07:08 pm

Title: Inflation of Bitcoins increasing the average price of drugs
Post by: gravyfingers on September 29, 2013, 07:08 pm
Hello fellow newbies, and the SR community

It seems to me the recent increase in the bitcoin market price has obviously increased the average price on SR.
Although it's the vendor who controls the their products prices, iv noticed that not many have changed there prices to accommodate the influx of bitcoin prices.
I know i shouldn't be complaining because i don't think id be anywhere without the site.

Any personal opinions? Has anyone also noticed this?

Gravy
Title: Re: Inflation of Bitcoins increasing the average price of drugs
Post by: outlander14 on September 29, 2013, 07:42 pm
I wouldn't say BTC prices are inflated at the moment, they have been much higher and of course much lower. As for them affecting the price on here I would have to disagree. Prices overall remains pretty constant, except when availability in certain markets become more scarce or common. Unless BTC goes way up, or way down I've never feared buying them as say a $1000 worth of btc is still a $1000 no matter what. The real risk I would argue is for the vendors as the good one's honor placed orders even if BTC drops to .50 cents. So really the only think your probably noticing is a fluctuating market value based on supply versus the value of BTC. Vendors weigh in on this one with me.
Title: Re: Inflation of Bitcoins increasing the average price of drugs
Post by: boge on September 29, 2013, 08:03 pm
I've noticed this as well over the past couple of weeks BTC has risen slightly.  I wonder as well if it went the other way if prices would change more quickly.  Now if you had coins from the early days lol , it would be a huge score.
Title: Re: Inflation of Bitcoins increasing the average price of drugs
Post by: The Fifth Element on September 29, 2013, 09:10 pm
I'd imagine it would work the opposite way and prices drop after BTC value increases since vendors make a little extra "interest" on the bitcoins they have lying around.