Silk Road forums
Discussion => Silk Road discussion => Topic started by: mmccoolliivvee on December 14, 2012, 03:07 pm
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OK, I don't understand why prices stay the same on SR when the BC are fluctuating all over the place/? Greed, fear, taking advantage of us? What? Some vendow please explain, like hey it's only $7.99, well not now, it's more like $10 now. Money for nothing baby.
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When vendors make a listing they can decide to set a certain price for their product at a certain amount of BTC no matter the fluctuation in price or set it so that the BTC price of there product fluctuates with the dollar amount that BTC are worth.. example: Vendor1 sells one G of coke for 10BTC and sets his price to stay at a constant btc rate no matter the fluctuation.. Vendor2 sells coke at 10BTC per G set to the current rate of exchange at 13.00 per BTC meaning he is selling his coke for 130.00 and will always sell his coke for 130 a G so if BTC all the sudden cost 1.00 per btc then you will have to pay vendor1 only 10btc still while the vendor2's price will change with the btc and will now cost 130btc to purchase his product..
Overall, it depends on what the vendor chooses to do.. If you dont like the price they have then dont buy it..
The sellers guide will explain all of this