Silk Road forums

Discussion => Silk Road discussion => Topic started by: godness420 on April 16, 2013, 11:22 am

Title: Vendors and their lost with crashes
Post by: godness420 on April 16, 2013, 11:22 am
Hey all. I read 1000 times vendors complaining about the crashes, and the money lost. But... what? only the new vendoors can complain.

if a vendor had 5000 $ 4 months ago in his account, now, those 5000$, are worth like 10000$. but yes, 1 week ago they worth 20 000.


you sellers, your mistake was to sale when the price of BTC was more than 100$. you instead of receiving 5 btc per 1 order, you received 2 btc, per the same order. now, you're fucked because you have low bitcoin, that now, worth low $.

dont complain because of the crash. complain because you couldn't stop selling when the price was going up and up, and you we're receiving almost no btc per orders.

remember that only some months ago, btc was worth 12 or 15$. now, atm, its worth 64$ on bitstamp.

Just my opinion. I never read a opinion like this on the forum.

Thank you.

Title: Re: Vendors and their lost with crashes
Post by: Arcturian on April 16, 2013, 12:36 pm
I dont consider this whole crash a huge loss, i mean, i cashed in most of my btc at a good price, i think around £110 each. I still have a few, and for every order i receive at the moment i seem to be losing out because bitcoin is dropping so fast. But hey, it all comes with the job. What can i do about it ? Nothing. So i take it all in my stride
Title: Re: Vendors and their lost with crashes
Post by: IceIceIce on April 16, 2013, 01:03 pm
Not just that mate. What is happening right now to me is the incorrect value of SR's BTC compared to MtGox. Say I get paid $100 at the value of 1.2 BTC (in escrow) and I cash out the 1.2 BTC the next second with any local bitcoin exchange and they are only worth $70. The rate was like $70 (SR) compared to $58 (MtGox) just now. What I can do is just to wait for BTC to gain more strength or else I will be netted a loss if I cash out right away. Sorry for the grammar.
Title: Re: Vendors and their lost with crashes
Post by: godness420 on April 16, 2013, 01:14 pm
Not just that mate. What is happening right now to me is the incorrect value of SR's BTC compared to MtGox. Say I get paid $100 at the value of 1.2 BTC (in escrow) and I cash out the 1.2 BTC the next second with any local bitcoin exchange and they are only worth $70. The rate was like $70 (SR) compared to $58 (MtGox) just now. What I can do is just to wait for BTC to gain more strength or else I will be netted a loss if I cash out right away. Sorry for the grammar.

hey :)

i read on some thread that SR value of BTC is the average of the BTC price on the last 24hours. not the price that its currently , that's why in mtgox and other btc sites, when the crash happened, the price went down immediately, and on SR it toked more hours

i'm not english, but i think that you can understand what i say  :P
Title: Re: Vendors and their lost with crashes
Post by: IceIceIce on April 16, 2013, 01:22 pm
yea i know, just hope all is well.

ofcoz i can understand you mate  :-*
Title: Re: Vendors and their lost with crashes
Post by: jesse on April 16, 2013, 03:46 pm
Not just that mate. What is happening right now to me is the incorrect value of SR's BTC compared to MtGox. Say I get paid $100 at the value of 1.2 BTC (in escrow) and I cash out the 1.2 BTC the next second with any local bitcoin exchange and they are only worth $70. The rate was like $70 (SR) compared to $58 (MtGox) just now. What I can do is just to wait for BTC to gain more strength or else I will be netted a loss if I cash out right away. Sorry for the grammar.

I'm a vendor....just in case you think ????
If your prices are pegged and hedged is the first step of course...both for you and your customer.
I cannot understand all the wining.
YES...when you cash right now after the coins are in your account you probably loose.
But...if you have common sense to hold on to your coins for some time for sure you make a profit later on.
The panic make people loose money. Not much changed since April 5th, it was round $60.
What is it now? MtGox say last price 74
It will go up, all the signs are there.
The crisis, the crisis in Cyprus, angry Russians lost billions!!
The gold decreasing in value and the silver on a 2.5 year lowest value.
Gold is a bit up now.
The coins are the new gold, nobody can touch it (like in Cyprus/Greece) no government has control -yet- :-(
All the ''wise'' men are buying.
The twin guys who started facebook own 1 % of all coins.
The bitcoin is here to stay and the value will increase when you have time.
1 year !!!!!! ago it was 5 to 8 dollar !!!!
The last rise is proof that it can go sky high when the demand is there ...and it will be there....
Patients......that's the word.
Take care and don´t panic....no investor ever made money by panicking 
Smart enough to have the partial code in 3 different safes....
Title: Re: Vendors and their lost with crashes
Post by: IceIceIce on April 16, 2013, 04:13 pm
Not just that mate. What is happening right now to me is the incorrect value of SR's BTC compared to MtGox. Say I get paid $100 at the value of 1.2 BTC (in escrow) and I cash out the 1.2 BTC the next second with any local bitcoin exchange and they are only worth $70. The rate was like $70 (SR) compared to $58 (MtGox) just now. What I can do is just to wait for BTC to gain more strength or else I will be netted a loss if I cash out right away. Sorry for the grammar.

I'm a vendor....just in case you think ????
If your prices are pegged and hedged is the first step of course...both for you and your customer.
I cannot understand all the wining.
YES...when you cash right now after the coins are in your account you probably loose.
But...if you have common sense to hold on to your coins for some time for sure you make a profit later on.
The panic make people loose money. Not much changed since April 5th, it was round $60.
What is it now? MtGox say last price 74
It will go up, all the signs are there.
The crisis, the crisis in Cyprus, angry Russians lost billions!!
The gold decreasing in value and the silver on a 2.5 year lowest value.
Gold is a bit up now.
The coins are the new gold, nobody can touch it (like in Cyprus/Greece) no government has control -yet- :-(
All the ''wise'' men are buying.
The twin guys who started facebook own 1 % of all coins.
The bitcoin is here to stay and the value will increase when you have time.
1 year !!!!!! ago it was 5 to 8 dollar !!!!
The last rise is proof that it can go sky high when the demand is there ...and it will be there....
Patients......that's the word.
Take care and don´t panic....no investor ever made money by panicking 
Smart enough to have the partial code in 3 different safes....

I have to admit that Im too paranoid when I come to currency trading like FX and BTC. Yea, maybe you are right, I have to calm my ass down and be patient, pray for the best
Title: Re: Vendors and their lost with crashes
Post by: GOTMILKTEAM on April 16, 2013, 08:00 pm
eays way for vendors to go bankrupt, also dont forget the buyers who lost their money also