Silk Road forums

Discussion => Newbie discussion => Topic started by: PuffDaddy12 on February 08, 2013, 07:54 pm

Title: Bitcoins on the rise
Post by: PuffDaddy12 on February 08, 2013, 07:54 pm
Good Damn, you think BTC will reach 5O bones.
Title: Re: Bitcoins on the rise
Post by: Lonelystranger on February 08, 2013, 08:03 pm
I sure hope it doesn't
Title: Re: Bitcoins on the rise
Post by: LionwareTradingCo on February 08, 2013, 08:22 pm
?
Title: Re: Bitcoins on the rise
Post by: reektdmg on February 08, 2013, 08:36 pm
watch it jack up than crash like crazy,,,
Title: Re: Bitcoins on the rise
Post by: mr.meowingtons on February 08, 2013, 09:03 pm
I have been watching them shoot up for two months now. Its like gas prices, I keep waiting for it to go down and it keeps going up. Does anyone know why?
Title: Re: Bitcoins on the rise
Post by: cantellya on February 08, 2013, 09:15 pm
buy low, sell high. It's not a bad thing.
Title: Re: Bitcoins on the rise
Post by: Jamkins on February 08, 2013, 09:18 pm
As long as sellers match their prices, the Bitcoin price itself doesn't really matter for the buying process. It just makes it way to easy to lose money in the exchange process (for both sides), which is why I'd be incredibly happy with a stable Bitcoin exchange rate.
Title: Re: Bitcoins on the rise
Post by: LionwareTradingCo on February 08, 2013, 09:27 pm
better late than never
Title: Re: Bitcoins on the rise
Post by: Best Dutch Drugs on February 08, 2013, 09:55 pm
I hope it drops, and then I'll buy even more... and then it should rise to 25$+  ;D
Title: Re: Bitcoins on the rise
Post by: Overtau on February 08, 2013, 10:01 pm
Im getting a better return on my idle bitcoins than I am on my actual investments IRL sadly.
Title: Re: Bitcoins on the rise
Post by: flakesmith on February 08, 2013, 10:11 pm
A month ago 1 BTC was around £8-8.50. It's pretty much doubled in a month, and is steadily on the rise.

I knew I should have hoarded some. Though I suppose everyone says that.
Title: Re: Bitcoins on the rise
Post by: mr.meowingtons on February 27, 2013, 07:29 pm
As long as sellers match their prices, the Bitcoin price itself doesn't really matter for the buying process. It just makes it way to easy to lose money in the exchange process (for both sides), which is why I'd be incredibly happy with a stable Bitcoin exchange rate.


In reality it matters a great deal. Think about how much money you spend just to convert your money into bitcoins, it's a percentage of the dollar amount. If you convert 1bc for $50 and they charge you, let's just say 5% to make it simple (this isnt a realistic estimate) then you pay  $2.50 to convert 1bc whereas 1bc that costs $100 would end up costing you $5 to convert. When were talking about drugs, were talking about converting a few hundred dollars and what it comes down to is were getting charged out the ass for conversion. It's all probably a conspiracy for bitcoin handlers to make more money. I mean think about it, why would prices still be climbing so steadily while the price is increasing? it should be the opposite or slowing down or staying the same. Seems shady if you ask me.
Title: Re: Bitcoins on the rise
Post by: Opioid on February 27, 2013, 07:37 pm
Bitcoins are the best investment there is!  Better than the stock market, better than silver and gold and better than real estate.  Bit coins have risen in value over 1300 percent and will continue to increase in value over the long run unless the Feds shut the Bitcoin monetary system down.
Title: Re: Bitcoins on the rise
Post by: Opioid on February 27, 2013, 07:43 pm
I love  Bitcoins because they are not controlled by the corrupt central banking monopoly system and are not taxable and also transactions are anonymous.
Title: Re: Bitcoins on the rise
Post by: yellowdog74 on February 27, 2013, 07:49 pm
When I go in a few weeks back they were 14. 

Crazy
Title: Re: Bitcoins on the rise
Post by: maxieBB on February 27, 2013, 07:58 pm
As long as sellers match their prices, the Bitcoin price itself doesn't really matter for the buying process. It just makes it way to easy to lose money in the exchange process (for both sides), which is why I'd be incredibly happy with a stable Bitcoin exchange rate.

Doesn't seem like vendors are bringing their prices down as BTC rises
Title: Re: Bitcoins on the rise
Post by: graffix on February 27, 2013, 08:03 pm
yeah it sucks, I was hoping everything was going to transfer for me on monday, but nope..took a day extra and the price I had to pay for something jumped up 20 bucks or so..really sucked.
Title: Re: Bitcoins on the rise
Post by: SorenBowie on February 27, 2013, 10:16 pm
I think a lot of sellers list their products in USD so the price stays the same but the ammount of BTC changes.

could be mistaken on that but I don't think I am