Silk Road forums

Market => Rumor mill => Topic started by: orwell1234 on October 07, 2012, 08:49 am

Title: Vendors>>??!!!
Post by: orwell1234 on October 07, 2012, 08:49 am
I'm wondering why  vendors don't adjust their prices when the bitcoin value goes up? When I first got on SR the value was roughly 10 us dollars to 1 BC....No its shot up to almost 13.00 USD to 1 BTC but still the prices are the same? Am I missing something here? Not being cheap lol just a question?
Title: Re: Vendors>>??!!!
Post by: TheMonk on October 07, 2012, 09:12 am
Hi,

every seller have the choice to use hedged or non hedged listings, if non hedged the price will stay constant in B, if hedged the price will stay constant in $, meaning the variation of the B will make the price in B rise or drop but the value in dollars will stay the same, it is up to the seller to choose in his settings what he think is the best to run his business.

God Bless You
Title: Re: Vendors>>??!!!
Post by: Shroomeister on October 07, 2012, 09:17 am
Hi,

every seller have the choice to use hedged or non hedged listings, if non hedged the price will stay constant in B, if hedged the price will stay constant in $, meaning the variation of the B will make the price in B rise or drop but the value in dollars will stay the same, it is up to the seller to choose in his settings what he think is the best to run his business.

God Bless You

Yeah. what he said.

This is all 100% true and accurate.
Title: Re: Vendors>>??!!!
Post by: PlutoPete on October 07, 2012, 10:22 am
I'm wondering why  vendors don't adjust their prices when the bitcoin value goes up? When I first got on SR the value was roughly 10 us dollars to 1 BC....No its shot up to almost 13.00 USD to 1 BTC but still the prices are the same? Am I missing something here? Not being cheap lol just a question?
Almost all vendors peg their prices to the dollar, so the bitcoin price won't always stay the same, I started listing these grinders in April for 1 bitcoin (1.1 with SR fees), now they cost 0.45 :)
http://silkroadvb5piz3r.onion/index.php/silkroad/item/bdd9b38fa5
Title: Re: Vendors>>??!!!
Post by: orwell1234 on October 11, 2012, 09:30 pm
THANKS GUWWWYYYSSSSSSS!!!!!