Silk Road forums
Discussion => Security => Topic started by: Adrianexi on July 17, 2012, 06:40 pm
-
Hello fellow consumers, I haven't been on silkroad lately due to a good street supply in my area. Thought I will give it a look and what surprised me the most was the bitcoin prices went sky high.
I left about 13 bitcoins on my account, bitcoin was worth just below £3, now £5.5? Almost doubled my money, would care more if I left a bit more bitcoins but I am still happy. One question though, who the heck controls the price of a bitcoin? It is ridiculously high at the moment.
-
bitcoins are traded just kind of like stocks. you can do that at every major bitcoin site.
-
I personally think its stupid at the moment , going up and down. There hasn't been a day where it ain't stayed a bit constant. Because i have a feeling most sellers are pegging there prices to the coin and this isn't good for the buyers. And even those pegging to the dollar it's not exactly a reliable currency either..
For your question, the price is caused by the demand..
-
it is impossible for the price to be "constant". it cant even be stable. it may hover around the same price area for a while, but it cant be stable. i looked at some charts, if you ask me the price is doomed to drop to almost nothing over the long run. looks like the move from 14$ to 5ish now is simply a correction of a further continuation downwards... bad for your btc..
-
i wonder what the single largest legitimate user of BTC is? i seriously think theres a correlation between the BTC price & the road;
even 4 months ago the BTC was significantly lower than it is now.
-
$9 AU for 1 bit coin! Who can afford to buy weed at this price?