Silk Road forums
Discussion => Silk Road discussion => Topic started by: mito on November 14, 2011, 06:03 pm
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Don't prices change according to BTC rate?
I thought that if Bitcoin went down or up, then the price in bitcoin would change to reflect the price in dollars, or not?
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sellers can choose whether they want a fix btc price or a price which reflects the actual $ value...
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Shouldn't all sellers fix the BTC to avoid losing money?
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If btc were stable that would make sense but with all of the crazy ups and downs, a product based on bitcoin could be priced at a fraction of the actual within in a day which would screw the vendor over. On the flip side if the value of bitcoins drops more like it has then a vendor might find that their product is extremely overpriced on the dollar and then they lose sales. Either way, vendor loses. One day I'm sure we all dream the bitcoin will stabilize and then all will be well haha.
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I still don't get it.
Why don't sellers simply fix all their prices to dollars, so no matter what happens to BTC rate (up or down), the price in dollars is always the same.
What am I missing here?
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I think most sellers do fix their prices to dollars. I'm not sure of any that don't actually.
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I'm just hoping Israel will hurry up and drop a Daisy Cutter on Iran soon. That should drive currency markets crazy and hopefully drive some interest to the BC. I got real Lucky. On Friday..and dont ask me how I knew, I shorted Bitcoins on Margin over at CampBx at 2.40. Kaa-Ching! Made a killing, about the equivalent of a full ounce of good weed. What most people dont understand is that BC's are fairly close in behavior to other currencies and if you have a little cashola to burn you can buy Options on BC's.
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I am pretty sure an additional fee is assessed for listings that are hedged (possibly 4% but I dont recall where I saw that)
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I'm just hoping Israel will hurry up and drop a Daisy Cutter on Iran soon.
Without wanting to hijack this thread, but if the above ever happens, then "consequences will never be the same"....... :-\
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Mito your right. I know I threw out a Bomb (no pun intended) on Israel dropping on Iran...strong discussion for another Forum I'm sure. Doing Nothing will give Iran Loonies "The Bomb" and then what do you think consequences will be? May sound Cold Shit, but 9/11 woke up the Precious Metals Market which slumbered since 1978. Look at prices of Gold/Silver since 9/11. An event that I mention will create havoc..Volitility is where you make your Profits.
Someone will always profit from this events. I see BitCoins as having a great profit potential because of these fluctuations. One risks their BC's every time they place an order on SR. Why not balance the risk in going Short or Long on Margin for BC's.
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^^^ I'm afraid Iran will shower missiles over Israel. Or attack US forces in Iraq, dragging the US into a new war.