Silk Road forums
Discussion => Silk Road discussion => Topic started by: Rowsdower on April 11, 2013, 01:24 pm
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I have some bitcoins I'd like to place an order with, but thanks to bitcoin losing so much value over the last few days at the moment I am cutting it close and am only about .03 bitcoins away from not being able to order what I want anymore. How low do you guys think the value of BTC will go? I worry that if I send the coins to my SR wallet now the value will have dropped low enough by the time the transaction is confirmed that I may no longer be able to purchase what I want. It seems to still be dropping. Should I buy whatever I can now with the bitcoin or wait til the weekend or next week to order anything?
Edit : Holy crap! Just while writing this post it fell by almost another 20 bucks. Definitely have the feeling now that if I send over coins I won't be able to order what I want by the time they get to the SR wallet.
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I think it'll probably go down to 150 or so then slowly climb back up to $200. I don't see it rising as fast as it was before since so many people are scared now.
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I think it'll probably go down to 150 or so then slowly climb back up to $200. I don't see it rising as fast as it was before since so many people are scared now.
don't be so stupid. we are in a downtrend a bubble has burst and you expect it to reach 200 but slowly? We are going nowhere near 200 for a very long time
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It's depressing how every time I press refresh on MtGox now, the value keeps dropping like a rock. At this rate I wouldn't be surprised if next week all I can get is a gram of soapbar for 100 bitcoins.
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It's depressing how every time I press refresh on MtGox now, the value keeps dropping like a rock. At this rate I wouldn't be surprised if next week all I can get is a gram of soapbar for 100 bitcoins.
thank you sir for purchasing 100 buttcoins and providing liquidity the market. without your help many of us would not have been able to profit from the colossal price rises in the past 6 weeks.
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I didn't buy them recently at all so overall I'm not hurting as bad as maybe if I'd got them this week or last week, but of course it's a shame seeing them lose value so drastically after the recent (seemingly temporary) increase in value. I just went ahead and sent some coins to my SR wallet for the order, now hopefully the confirmations will roll in fast and I can place it,and also hopefully the vendor will accept it and not just cancel the order and pull listings given the bitcoin situation at the moment.
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I didn't buy them recently at all so overall I'm not hurting as bad as maybe if I'd got them this week or last week, but of course it's a shame seeing them lose value so drastically after the recent (seemingly temporary) increase in value. Do you guys think I can still get that order in if I send coins to my SR wallet now? Or will the price likely have increased by .3 BTC by that time?
stop thinking and just transfer the fucking thing unless you want to wait it out the exchanges and sell it for even less than what it is worth now
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I didn't buy them recently at all so overall I'm not hurting as bad as maybe if I'd got them this week or last week, but of course it's a shame seeing them lose value so drastically after the recent (seemingly temporary) increase in value. Do you guys think I can still get that order in if I send coins to my SR wallet now? Or will the price likely have increased by .3 BTC by that time?
stop thinking and just transfer the fucking thing unless you want to wait it out the exchanges and sell it for even less than what it is worth now
Haha I agree with this. I just smoked a fat spliff and did just that, now hopefully I can get that order placed. On the plus side, the value isn't dropping as fast anymore as when I first created this thread so it's looking likely I will at least be able to place the order.
Update : Well fuck me the listings have been pulled. I'm going to order a different listing now, hopefully the same thing won't happen there and the vendor will be willing to take on a risk.
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I think it'll probably go down to 150 or so then slowly climb back up to $200. I don't see it rising as fast as it was before since so many people are scared now.
don't be so stupid. we are in a downtrend a bubble has burst and you expect it to reach 200 but slowly? We are going nowhere near 200 for a very long time
The current value is still 3x what it was last month. If anything, a bunch of big investors decided it was their turn to cash out. There's been so much publicity for BTCs the past week, I doubt people will lose interest.
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I just hope it doesn't drop anymore within the next 48 hours. I just purchased more coins all I wanted to do is place my order. I still have enough but if it drops anymore then I'll have to go get more coins and essentially cause me to have to wait even longer before I can place my purchase >:(.
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I just hope it doesn't drop anymore within the next 48 hours. I just purchased more coins all I wanted to do is place my order. I still have enough but if it drops anymore then I'll have to go get more coins and essentially cause me to have to wait even longer before I can place my purchase >:(.
That is similar to my situation, although the listing I was originally planning on buying already got pulled.
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Yeah man I've been watching close, I still couldn't believe my eyes I was just as shocked to see it go down to $120 as I was when I seen it up by $200 lol but it looks like it's been staying at $120 for a while now. I hope that bitcoin stabilizes soon, it's fun to watch funds grow but it sucks when it drops. All of this bitcoin craziness is getting in the way of the main goal which is to be able to buy what I need comfortably and consistently.
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Yeah man I've been watching close, I still couldn't believe my eyes I was just as shocked to see it go down to $120 as I was when I seen it up by $200 lol but it looks like it's been staying at $120 for a while now. I hope that bitcoin stabilizes soon, it's fun to watch funds grow but it sucks when it drops. All of this bitcoin craziness is getting in the way of the main goal which is to be able to buy what I need comfortably and consistently.
+1 I hear you brother, I'd rather not treat bitcoins like an investment either, I just wanna pay reasonable prices for my shit and get good drugs from here. If I wanted to deal with all this I'd invest more in the stock market or something. The bad news is that if the bitcoin value charts on BTC-E are right (clearnet link below) you and me are pretty much fucked right now as far as our current coins go... because the value has now dropped below $60!
https://btc-e.com/
I think I will take a risk and try to buy a bunch more bitcoins at this low current rate, hoping the value will eventually come back, so that way I can maybe offset some of the loss from this incident and possibly make some money out of this. I wonder if any of the guys I use for bitcoins will be taking on orders now though or just hoarding the coins for themselves? I shall see, I just sent them all email inquiries.
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I would stay away from any trades at this point, unless you're a thrill-seeker Too much manipulation. Wait till the volatility subsides and the price levels. I'm thinking BTC will get very good support at the $35-$45 range. Load up then and wait for the next big wave.
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Mt Gox has halted trading until it cools down, and now Bitstamp's website has crashed under the pressure, I want to buy coins and can't get any :(