Silk Road forums
Market => Rumor mill => Topic started by: Shinto on February 18, 2012, 07:45 am
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I did the research. I piled through the forums, hidden sites, and did the math.
I set up the comp to maximum security and animosity.
Then when I am finally ready to buy bitcoins and do, the product I'm about to order while waiting for my bitcoins to arrive becomes unhedged. Which causes the item to jump up by from 8BTC to 11BTC!
Just over the amount of bitcoins I ordered... :-\
Do you think it is fair for a seller to increase the prices all of the sudden without notice when a price has been agreed upon already?
Note: When I first added the item to my cart it was 5-6BTC and hedged then rose to 8BTC over about 1-2 weeks. This was fine considering it was hedged so it cost about the same amount in USD. However, now the price is much higher than ever before and unhedged.
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Bitcoin prices fluctuate a lot
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Bitcoin prices fluctuate a lot
Obviously and this is why there is a hedge option...