Silk Road forums
Discussion => Newbie discussion => Topic started by: Mises Fan on April 09, 2013, 02:03 am
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Does anyone have any experience with what happens when the bitcoin value increases? I'm seeing the value go up significantly, but it doesn't seem the product pricing is being adjusted. I think if it doesn't, this will push buyers back to the local market. SR will need to stay priced near street values to stay viable. I am new to this, so any feedback is much appreciated.
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I've heard it does adjust.
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You can set your SR account to display prices in US dollars. You'll see that they stay the same and that BTC are adjusted accordingly.
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That's sad that you have to see the prices in USD. BTC is so volatile that its pointless tracking prices in it. Hopefully one day we'll be denominating things in BTC and it will have meaning
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they adjust!
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No, but your BTC still have more buying power because of the value increase. An Oz of weed will still cost $n but you now have $n+how much BTC have increased since you bought them.