Silk Road forums

Discussion => Newbie discussion => Topic started by: blackya on June 29, 2013, 09:14 pm

Title: what is wrong with BTC?
Post by: blackya on June 29, 2013, 09:14 pm
I have been since middle of May on SR.
It is there where I have discovered a new currency for myself - a bitcoin  :)
I have been reading different stories about it: it has not always been with such a rate in relation to US Dollar as it is now: e.g. people claiming to pay in earlier times 15 BTC for a gramm of MDMA.
Anyway I have been wondering what is happing in the last time to bitcoin? why it loses its value?
Is there sense to buy now some BTC or is it better to wait?


Title: Re: what is wrong with BTC?
Post by: MrSniffles on June 29, 2013, 09:24 pm
I was wondering the same thing as I only discovered this cool new currency about the same time you did. Don't know if there's any correlation but silver dropped significantly around the same time bitcoins dropped
Title: Re: what is wrong with BTC?
Post by: mcguire39 on June 29, 2013, 09:26 pm
It's supply and demand, just like any currency.
Title: Re: what is wrong with BTC?
Post by: ReD EyE on June 29, 2013, 09:33 pm
btc started of cheap made it self steady at about 5/6 dollars for a while then started a slow but steady rise to about 100 dollars, for a while then went nuts a few months ago somewhere at the region of 230 dollars per btc then a rapid decline to about 120 dollars then since then on a slow decline over last month 6 weeks.

But thats from memory and since its inception so its a vage reply so to speak, some one might come in with the whole history soon or ya can go research it your self..

Title: Re: what is wrong with BTC?
Post by: blackya on June 29, 2013, 09:45 pm
yeah, maybe it makes sense to get BTC  and to change them immediately into SR magic and forbidden goods  ;D ;D ;D !!
in that way no regrets!!!!
Title: Re: what is wrong with BTC?
Post by: beardman000 on June 29, 2013, 10:53 pm
yeah, maybe it makes sense to get BTC  and to change them immediately into SR magic and forbidden goods  ;D ;D ;D !!
in that way no regrets!!!!


but then that moment when your favorite item just gets restocked and you dont have enough in the wallet!

it seems to steady around 100 +- 10 for the past few weeks though
Title: Re: what is wrong with BTC?
Post by: blackya on June 29, 2013, 11:07 pm
yeah, that s true about plus/minus 10 ....