Silk Road forums
Discussion => Silk Road discussion => Topic started by: ValiantExplorer on November 29, 2012, 07:28 pm
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... or do sellers have to do it?
Lately the BC got from 10 USD apiece to 12...
Thanks in advance! :)
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Yes.
Vendors put prices in USD, so the prices on the listings change automatically when btc value falls/rises.
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Oh! That's awesome. Thank you for this good news :).
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When the price of bitcoin goes up it's not inflation, it's gaining value compared to USD. It gains purchasing power. If it were inflating the price would go down vs usd.
eg. Bitcoin price was $10 each
Product costs $100 / 10BTC
Bitcoin Price goes to $12 each
Product costs $100 / 8.33BTC
The prices (in BTC) are going down not up. So buy bitcoins when they are low and you will be able to buy more when the price inevitably rises.
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Right, sorry for that mistake. I updated the topic title to better reflect my question.