Silk Road forums

Discussion => Silk Road discussion => Topic started by: kobebryant0824 on February 09, 2013, 07:25 am

Title: Do SR vendor compensate their prices to the BTC rise?
Post by: kobebryant0824 on February 09, 2013, 07:25 am
As everyone have noticed the BTC rates are insane, the current low is at $22.00 for 1 BTC

What I have noticed is that the prices on SR has not seem to change much even with the rise, it still figures to be at the same US DOLLAR RATE..
ex. Vendor had 5x 30mg oxycodone with free shipping at around $135  (when BTC rates were about $14)
ex. Vendor had 5x 30mg oxycodone with free shipping at around $135 (when BTC rates are now $22)

Do these adjust automatically and rates usually doesn't matter much on the SR?

is this true? Sorry if I didn't exactly word this right or make sense, but I hope you could understand enough to answer this
Title: Re: Do SR vendor compensate their prices to the BTC rise?
Post by: CrazyBart on February 09, 2013, 07:34 am
I'll leave this here

http://dkn255hz262ypmii.onion/wiki/index.php?title=Buyer%27s_Guide

Pay special attention to the part about hedging
Title: Re: Do SR vendor compensate their prices to the BTC rise?
Post by: kobebryant0824 on February 09, 2013, 07:38 am
So are you saying, No matter how much the BTC market rises, the prices will usually be the same dollar for dollar?
Title: Re: Do SR vendor compensate their prices to the BTC rise?
Post by: CrazyBart on February 09, 2013, 07:44 am
Yes, most vendors peg their prices to the US dollar.

It doesnt matter how much bitcoins cost.
Title: Re: Do SR vendor compensate their prices to the BTC rise?
Post by: example76 on February 11, 2013, 01:49 pm
Yeah vendors usually have their price set in dollars and then the btc price fluctuates but the items price never really changed
Title: Re: Do SR vendor compensate their prices to the BTC rise?
Post by: XXXotica on February 11, 2013, 03:10 pm
Example and Crazybart are correct. The product price should remain the same price no matter what the BTC price jumps to if the vendor pegs their listings. There are a couple ho dont but its rare.
Title: Re: Do SR vendor compensate their prices to the BTC rise?
Post by: TheGoodSon on February 12, 2013, 04:19 am
Please review economics. There was just a thread a month ago on their very topic.
Title: Re: Do SR vendor compensate their prices to the BTC rise?
Post by: CrazyBart on February 12, 2013, 04:32 am
Please review economics. There was just a thread a month ago on their very topic.

There is a thread covering this at least twice a week.

 I thought putting the link to the buyers guy would help this guy out...apparently not