Silk Road forums

Discussion => Silk Road discussion => Topic started by: Skippy_Jif on July 01, 2012, 03:51 am

Title: BTC
Post by: Skippy_Jif on July 01, 2012, 03:51 am
Obviously SR funds you account in btc. Do vendors actually capitalize further when they exchange their coins for cash?
Title: Re: BTC
Post by: sdesu on July 01, 2012, 03:59 am
Likely they're breaking even or coming off with a small profit depending on the BTC market value at the time. I highly doubt any vendor is making thousands of dollars in profit without scamming, of course.

sdesu
Title: Re: BTC
Post by: Skippy_Jif on July 01, 2012, 04:03 am
Just talking about a few dollars here and there. Though, as btc gets more popular I'm sure there will be great profit. The currency has gained almost one dollar in a month.
Title: Re: BTC
Post by: Delta11 on July 01, 2012, 07:28 am
Just talking about a few dollars here and there. Though, as btc gets more popular I'm sure there will be great profit. The currency has gained almost one dollar in a month.
Unfortunately we lose money  :'( and the higher up you are the more money you lose, to stay anonymous that is. The problem with bitcoin is that it's so sporadic that us vendors can't hold on to it and wait for it to go up because we have to have a constant supply coming in. I see where you coming from but I think the people making profits from this line of work is people that know how to work forex  ;)
Title: Re: BTC
Post by: Skippy_Jif on July 01, 2012, 07:34 am
Good to know. Well, prices going up! Just kidding.

Btw, how're you feeling Delta?
Title: Re: BTC
Post by: Delta11 on July 01, 2012, 07:55 am
Good to know. Well, prices going up! Just kidding.

Btw, how're you feeling Delta?
Way better thanks for asking, took exactly 7 days to recover  :-X I wish there were drugs you could buy on SR that cured the flu haha
Title: Re: BTC
Post by: Skippy_Jif on July 01, 2012, 05:44 pm
Good to know. Well, prices going up! Just kidding.

Btw, how're you feeling Delta?
Way better thanks for asking, took exactly 7 days to recover  :-X I wish there were drugs you could buy on SR that cured the flu haha
There are drugs that make you forget you have the flu
Title: Re: BTC
Post by: mumi22 on July 01, 2012, 06:28 pm
someone who do loans ?