Silk Road forums

Discussion => Newbie discussion => Topic started by: TonyTheTiger on April 12, 2013, 02:06 am

Title: Should I buy coins?????
Post by: TonyTheTiger on April 12, 2013, 02:06 am
I want 2 purchase something for next week and I don't want to put coins on then by Monday I don't have enough money because BTC's dropping even lower.
Title: Re: Should I buy coins?????
Post by: blu_man_group on April 12, 2013, 02:29 am
I'd wait for the market to stabilize, then buy some coin. Always going to be risks with BTC though, thats what makes it so exciting ;D
Title: Re: Should I buy coins?????
Post by: Phineas Finn on April 12, 2013, 02:41 am
Bitcoins are my least favorite part of this.
Title: Re: Should I buy coins?????
Post by: Patticake on April 12, 2013, 02:58 am
I'd buy now but just because you'll spend less per coin. Once you have it it doesn't matter if it goes up or down, the price of stuff on SR is tied to the dollar, not to Bitcoin.

For instance, if you bought bitcoins when it was $100 for 1 bit coin and you planned on buying MDMA worth 1 bitcoin then you've spent $100.
If you buy bitcoins when they are $200 for a bitcoin, then the price of the same MDMA would be 0.5 bitcoins, which is still = $100. The only difference with the 2nd option is that you've had to buy $200 of bitcoins instead of $100. If you were planning on keeping some extra BTC anyway then no hassle.