Silk Road forums

Discussion => Security => Topic started by: garythekid on August 15, 2012, 04:26 am

Title: Bitcoins keep going up...
Post by: garythekid on August 15, 2012, 04:26 am
Do the prices on SR tend to reflect the current hike are should I just wait for bitcoins to go down again? I mean at 12.20 a bitcoin shopping on SR is not cheap.
Title: Re: Bitcoins keep going up...
Post by: Shroomeister on August 15, 2012, 04:38 am
They are actually at $12.30 now.

SR updates a bunch of times during the day, but not in real time.

Here is real-time market

CLEARNET:

http://mtgoxlive.com/orders
Title: Re: Bitcoins keep going up...
Post by: turqiun on August 15, 2012, 04:44 am
I know hu! shit keeps rising. When I first joined a month ago it was $7.59. When I used bitinstant.com and deposited money into my SR wallet this morning, it was 12.29.  Bitcoins are on some gas prices shit now lol.
Title: Re: Bitcoins keep going up...
Post by: trollsquad on August 15, 2012, 04:44 am
Everytime i see the bitcoins price it makes me cry a little inside..  :-* I dont see them staying high for long.
Title: Re: Bitcoins keep going up...
Post by: turqiun on August 15, 2012, 05:05 am
I read some former exchange rates and the highest recorded was approximately $30.00. If it ever gets that high I'm going to be without my drugs for a while.
Title: Re: Bitcoins keep going up...
Post by: Limetless on August 15, 2012, 05:06 am
It's a beautiful think. ;)
Title: Re: Bitcoins keep going up...
Post by: trollsquad on August 15, 2012, 05:26 am
Do the prices on SR tend to reflect the current hike are should I just wait for bitcoins to go down again? I mean at 12.20 a bitcoin shopping on SR is not cheap.
I read some former exchange rates and the highest recorded was approximately $30.00. If it ever gets that high I'm going to be without my drugs for a while.
Why?

Most vendors hedge their prices to usd so the price change isn't really that bad at all. Infact i'd say price increase is a good thing because it means any coins you held on to gained value.     
It's a beautiful think. ;)
I bet you dick! you probably have a few thousand coins saved up for that date.   Btw i'm 20 coins short of a order wanna hook it with a loan limi i'll pay you back some time i swear. I figured i should ask here instead of making a new beggers post :P jk jk






Title: Re: Bitcoins keep going up...
Post by: Limetless on August 15, 2012, 05:27 am
Haha yeah it is good for profit tbh, I normally do nice little hoards and then cash them out to reap a proper bonus. ;)
Title: Re: Bitcoins keep going up...
Post by: DaMan on August 15, 2012, 05:29 am
Just like last year, July to August must be the Bitcoin bubble season. Expect it to go down at the edge of September.
Well, at least this time the bubble stays half-way of last year's one.
Title: Re: Bitcoins keep going up...
Post by: garythekid on August 15, 2012, 05:32 am
Just want to make sure I get this right .. So if the price of bitcoins go up SR will automatically change all the prices?? Or does it have to be the seller himself who changes the price?
Title: Re: Bitcoins keep going up...
Post by: spasmolytic on August 15, 2012, 05:35 am
Just want to make sure I get this right .. So if the price of bitcoins go up SR will automatically change all the prices?? Or does it have to be the seller himself who changes the price?
Yes, the seller decides whether to hedge or not.
Title: Re: Bitcoins keep going up...
Post by: turqiun on August 15, 2012, 05:40 am
Do the prices on SR tend to reflect the current hike are should I just wait for bitcoins to go down again? I mean at 12.20 a bitcoin shopping on SR is not cheap.
I read some former exchange rates and the highest recorded was approximately $30.00. If it ever gets that high I'm going to be without my drugs for a while.
Why?

Most vendors hedge their prices to usd so the price change isn't really that bad at all. Infact i'd say price increase is a good thing because it means any coins you held on to gained value.     
It's a beautiful think. ;)
I bet you dick! you probably have a few thousand coins saved up for that date.   Btw i'm 20 coins short of a order wanna hook it with a loan limi i'll pay you back some time i swear. I figured i should ask here instead of making a new beggers post :P jk jk

Yea ok I see what you mean. There are still many things I need to know about coins and hedging.