Silk Road forums

Discussion => Silk Road discussion => Topic started by: quaymo on October 05, 2012, 02:53 am

Title: Bitcoin Conversion Rates
Post by: quaymo on October 05, 2012, 02:53 am
 I'm new to SR and spent about a week learning pgp, bitcoin, mt.gox, etc, etc.. It seemed that bitinstant was the best way to handle SR funding. The conversion rate is about 12 usd to 1 btc. I've since seen ads on SR from vendors ( btkoin today). for 119.00 usd to 22 btc, which comes out to 5.40 usd to 1 btc., or less than half the bitinstant/mt.gox rate rate. Is there really that large of a conversion difference between vendors?
Title: Re: Bitcoin Conversion Rates
Post by: microRNA on October 05, 2012, 04:17 am
thats a scam...

current rates can be monitored on bitcoincharts.com/charts

or by going to mt. gox which will post the average - which is actually about 12.9 usd/btc instead of 12

(dont sign on to mt gox through tor though, which will cause your account to be locked)
Title: Re: Bitcoin Conversion Rates
Post by: sup3rm4n on October 05, 2012, 08:15 am
Try sending him a dollar but i wouldnt expect much back in return :s

You seem to have a good grasp on what to do, just check out the big name exchanges and run a few searches before you actually pay any sort of money to anyone. try bitcointalk.org for info