Silk Road forums
Discussion => Newbie discussion => Topic started by: SprayMan on April 12, 2013, 02:37 am
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Now that BTC's are selling in the 70's and SR using the weighted average of $142.31 You can essentially buy anything for half price.
In other words customers can spend BTC's as if they are worth $142+ when in reality the vendors are receiving BTC's that are really only worth $70!
I had to take down my Coke until the par and weighted prices are closer together. because I can't sell it for HALF PRICE!
It's like somebody paying you with nickles and you have to count them as dimes!
First we loose our asses on BTC's and now we are giving away our products.
Is this BS or What?
SprayMan
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Sellers made a fortune if they kept some BTC over the last while. For instance people were paying when the coins were worth $140 and by the time they finalised the coins were worth $260!
But don't worry, most likely BTC will go up again. The key is to decide if you're going to take a chance and wait it out or just cash them in as you get them. Personally I'd wait, they are a limited item and my bet is that they will go back to where they were, if not higher. There will be more crashes in the future, of that I AM sure so just ride with it.
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Explains why I got over 130 orders in the past 24 hours!