Silk Road forums

Support => Technical support => Topic started by: Escobar on March 21, 2012, 03:16 pm

Title: Clearing Up Bitcoin Prices
Post by: Escobar on March 21, 2012, 03:16 pm
Ok, I'm kinda new to this whole bitcoin thing so bear with me. I bought $50 worth of bitcoins transferred to my SR account which came out to 9.75BC. It currently says I have $46.72 in my account.

I went to mgcox and it says the current bitcoin value is: $4.87..... So (4.87 * 9.75 = $47.48) which is enough funds to buy what I wanted... So why does my account say I only have $46.72? Does it not update with the current value of a bitcoin?

In that case I am going to need 0.31BC which I don't have  :-[
Title: Re: Clearing Up Bitcoin Prices
Post by: cache on March 21, 2012, 03:21 pm
There is no fixed exchange rate, it fluctuates wildly hour by hour and there are more exchanges than just MTGOX. I imagine SR averages prices across the whole market to get the $ conversion used here.
You have learned the lesson to always exchange slightly more than you need for your purchase, just in case.
Title: Re: Clearing Up Bitcoin Prices
Post by: Escobar on March 21, 2012, 03:31 pm
Well that's disappointing, I've waited days to get this transfer hoping that I will be able to purchase my product this week.

Anyone willing me to lend me 0.31BC? I will pay you back with some interest added also in a few days. :(

if anyone is generous enough here is my bc address: 1DFMifuuLgrGgTxkBxyCHdDc6TepC2uPcr
I would really appreciate it.
Title: Re: Clearing Up Bitcoin Prices
Post by: cache on March 21, 2012, 03:35 pm
I can, as long as I get paid back.