Silk Road forums

Discussion => Newbie discussion => Topic started by: louislarrame on February 04, 2013, 08:21 pm

Title: Bitcoin HELP
Post by: louislarrame on February 04, 2013, 08:21 pm
I've been trying to read through the forums and understand but I really don't get it..
lets say I want to buy something and the vednor has it listed for $4.23 (in bitcoin) and the price of bitcoin is at $24.34USD
That means im paying $102.95 for techinally right?
so even though maybe when the vendor listed this the price of bitcoin was lower...I still have to pay that ridiculous price?
or does the price change i dont understand..it seems like bitcoin is always going up
Title: Re: Bitcoin HELP
Post by: android465764E on February 04, 2013, 08:29 pm
The seller's price in bitcoins is fixed.

It's up to you to buy bitcoins when the rate is most favourable.

The Bitcoin rates change constantly. Hour by hour at the very least.

If a product costs ฿2 today, it will still cost ฿2 tomorrow, but the amount of coins you can get for your money is what changes.