Silk Road forums

Discussion => Newbie discussion => Topic started by: georgeJones on March 05, 2013, 02:13 am

Title: Isn't it time the Vendors adjusted their Bitcoin prices?
Post by: georgeJones on March 05, 2013, 02:13 am
Isn't it time the Vendors adjusted their Bitcoin prices? I have been a member of SR since january 2013 and the price of one BTC has trebled in less than 3 months. My first BTC purchase was approximately 1BTC=$A11.50. Today the rate is $39.608 AUD.  I believe that this sudden explosion in price may be due to the accompanying explosion in demand for the service that SR provides. So a product that I bought in January for lets say 10BTC cost me $115 : today that same product costs me $396.  Is there a solution to this kind of inflation? Or will you end up killing the goose that laid the golden egg?
PS As a newbie I can only post here on this board, I would really appreciate it if someone posted this on the main SR forum page so vendors can read it.
Title: Re: Isn't it time the Vendors adjusted their Bitcoin prices?
Post by: fredflintstone on March 05, 2013, 02:19 am
Almost all sellers tie their pricing to the USD, not BTC.

So the prices dont change when BTC goes up/down
Title: Re: Isn't it time the Vendors adjusted their Bitcoin prices?
Post by: Knomo on March 05, 2013, 02:19 am
So a product that I bought in January for lets say 10BTC cost me $115 : today that same product costs me $396. 

As far as I know the product would be about 3BTC now..