Silk Road forums

Discussion => Newbie discussion => Topic started by: joeMan on May 06, 2013, 03:53 pm

Title: Bitcoins expensive = drugs expensive?
Post by: joeMan on May 06, 2013, 03:53 pm
Hi,

I wanted to buy something for the first time and noticed that everything has become really expensive. E.g. I want to buy 10 extasy pills and they would cost 1.05 bitcoin ( = 90€). When I looked a few months ago, I would have need to pay only 20€. I have no bitcoins, so I need to buy some.

Am I wrong? Why are the prices not adjusted?
Title: Re: Bitcoins expensive = drugs expensive?
Post by: SnowBurn on May 06, 2013, 03:57 pm
Hi,

I wanted to buy something for the first time and noticed that everything has become really expensive. E.g. I want to buy 10 extasy pills and they would cost 1.05 bitcoin ( = 90€). When I looked a few months ago, I would have need to pay only 20€. I have no bitcoins, so I need to buy some.

Am I wrong? Why are the prices not adjusted?

Almost all vendors have their BTC prices set to adjust as the exchange rate does i.e., a product's price is set at $40 and if the exchange rate is 1 Bitcoin = $40 then the price of the product will be 1 Bitcoin. If the next day the price of the Bitcoin shoots up to 1 Bitcoin = $80 the price of the product will change accordingly to 0.5 Bitcoins.

Hope this made sense.
Title: Re: Bitcoins expensive = drugs expensive?
Post by: MaestroVendor on May 06, 2013, 03:59 pm
Most of the time the price of drugs to hedged to usd so if bitcoin/usd price doubles, the btc price of a item will cut in half.
Title: Re: Bitcoins expensive = drugs expensive?
Post by: F250PSD on May 06, 2013, 04:05 pm
Interesting, I had wondered about this myself.