Silk Road forums

Discussion => Silk Road discussion => Topic started by: crystal on June 10, 2013, 08:21 am

Title: USD/BTC exchange rate on SR?
Post by: crystal on June 10, 2013, 08:21 am
Hi

As I notice that the BTC price is fluctuating on the SR website, I'd like to know how does that work? Is it based on Mtgox average USD? On something else?

The information must probably be out there, but I can't find it..

Thanks!

:-)

Title: Re: USD/BTC exchange rate on SR?
Post by: ChemCat on June 10, 2013, 08:51 am
Quote from: crystal
Hi

As I notice that the BTC price is fluctuating on the SR website, I'd like to know how does that work? Is it based on Mtgox average USD? On something else?

The information must probably be out there, but I can't find it..

Thanks!

:-)

Hi Crystal  :) yes, i believe that the BTC prices are based upon the weighted average that ya see on MtGox
When you see Prices on a Vendors
Page...Usually they are "Pegged" to the USD


I hope this has helped you a bit  :)

If you have any more Questions...just PM me and i'll do my best to help you  :)


Peace & Hugs,


ChemCat


o0
Title: Re: USD/BTC exchange rate on SR?
Post by: crystal on June 10, 2013, 09:05 pm
This is exactly the information I was looking for :)

Thank you very much, ChemCat!
Title: Re: USD/BTC exchange rate on SR?
Post by: ChemCat on June 10, 2013, 10:00 pm
You're very welcomed  :)
Title: Re: USD/BTC exchange rate on SR?
Post by: GizzeLda on June 10, 2013, 10:02 pm
Do the prices automatically change as the bitcoin value changes on Gox.  I mean if the value of coin goes down does that reflect in a timely manner on the Road?    Thanks
Title: Re: USD/BTC exchange rate on SR?
Post by: danconia on June 11, 2013, 05:45 am
Do the prices automatically change as the bitcoin value changes on Gox.  I mean if the value of coin goes down does that reflect in a timely manner on the Road?    Thanks

Many people have pointed out that it seems the exchange rate on here has a bit of a lag (on the order of hours, if I remember correctly) behind Mt Gox's rate.  Someone can correct me if I'm wrong.
Title: Re: USD/BTC exchange rate on SR?
Post by: thegoodgirl82 on June 11, 2013, 06:11 pm
I would be nice to have a 'live' current UK pound, US dollar, Euro price for BTC as seen on some other sites.

 :)
Title: Re: USD/BTC exchange rate on SR?
Post by: crystal on June 11, 2013, 09:30 pm
Do the prices automatically change as the bitcoin value changes on Gox.  I mean if the value of coin goes down does that reflect in a timely manner on the Road?    Thanks

Many people have pointed out that it seems the exchange rate on here has a bit of a lag (on the order of hours, if I remember correctly) behind Mt Gox's rate.  Someone can correct me if I'm wrong.

Great to know, thanks. :)