Silk Road forums

Discussion => Security => Topic started by: the hiker on May 27, 2013, 12:06 pm

Title: bitcoin fluctuations
Post by: the hiker on May 27, 2013, 12:06 pm
Hi all , just noticed that bitcoins are now up to roughly £92 . how does this effect silk rd ? Do we as customers have to wait on vendors adjusting their prices individually or is there some kind of mechanism that does it automaticaly . A few weeks ago they were £77 , thats quite a difference for buyers . Do the vendors have "oil company syndrome" where prices never come down but only go up ?
Title: Re: bitcoin fluctuations
Post by: Naloxone on May 27, 2013, 12:12 pm
Some vendors tie their prices to the market value in USD which means that the site changes the price automatically and others do it manually so it just depends who you're buying from.

90% of vendors do adjust based on BTC value though. Otherwise people wouldn't buy from them, they'd buy from the cheaper alternative.
Title: Re: bitcoin fluctuations
Post by: NatureMed on May 27, 2013, 07:50 pm
Well then it seems mmj vendors haven't noticed how much a btc is worth today... the prices are simply outrageous !