Silk Road forums

Market => Rumor mill => Topic started by: Snooze on April 10, 2013, 06:41 pm

Title: Man, I got Ass Raped!!!
Post by: Snooze on April 10, 2013, 06:41 pm
And anyone else who bought coins this morning must of.

I bought $700 worth a coins from a vendor friend. i got 2.75. then the bottom went out! it just fell to $158 with a loss of $270! they just bounced up to $178 a coin so that a loss of $220. man, thats not pocket change! thats a big loss for a few hours. i was never a wall street guy but a blue collar stoner. all i wanted was to have enough coin in my account to get a listing i know will be available in 2 days.

these coins fluctuate way too much! and i know some are on the winning side of it, but boy i took it in the ass!   :(
Title: Re: Man, I got Ass Raped!!!
Post by: whirlwind on April 10, 2013, 06:46 pm
theres a good chance for a rally in the next 12 hours. MtGOx and other exchanges are such a clusterfuck now that they cant get coins to those who want them. Not enough server power.
Title: Re: Man, I got Ass Raped!!!
Post by: curiositymatrix on April 10, 2013, 06:47 pm
Wait a day, they're already climbing back up.
Title: Re: Man, I got Ass Raped!!!
Post by: Snooze on April 10, 2013, 06:54 pm
Thanks guys! i hope so! haha

Born on a bad sign...i've been down since i began to crawl...

If it wasn't for bad luck..I would have no luck at all....
Title: Re: Man, I got Ass Raped!!!
Post by: thecrackhead on April 10, 2013, 06:58 pm
On the plus side tho, you did learn that patience is important isnt it?
Title: Re: Man, I got Ass Raped!!!
Post by: Snooze on April 10, 2013, 07:10 pm
i been trying to get these coins for days! i dont like bitinstant, bluesky is always sold out..its a pain in the ass now getting coins. its getting harder not easier.
im down now $300. bad timing. they were going up the whole time i was trying to get them. as soon as i got them...they crashed hard!

i need a rally now!!!!!!!!!!!
Title: Re: Man, I got Ass Raped!!!
Post by: Stoner Kebab on April 10, 2013, 07:19 pm
What is a rally in this context ?
Title: Re: Man, I got Ass Raped!!!
Post by: thecrackhead on April 10, 2013, 07:27 pm
What is a rally in this context ?

This made my day.
Title: Re: Man, I got Ass Raped!!!
Post by: Stoner Kebab on April 10, 2013, 07:30 pm
What is a rally in this context ?

This made my day.

Cool, thanks for your helpful answer (and your -ve). xoxo :-*
Title: Re: Man, I got Ass Raped!!!
Post by: Snooze on April 10, 2013, 07:32 pm
What is a rally in this context ?

A period of sustained increases in the prices of bitcoins! like back up to $266!!! hahaha
Title: Re: Man, I got Ass Raped!!!
Post by: Stoner Kebab on April 10, 2013, 07:39 pm
What is a rally in this context ?

A period of sustained increases in the prices of bitcoins! like back up to $266!!! hahaha

Simple as that, thanks.  :)
Title: Re: Man, I got Ass Raped!!!
Post by: DevianBanks on April 10, 2013, 07:41 pm
So for the vendors prices that haven't updated, do I get that listing for cheap? I see 10gm of Bad Ass MDMA right now for .78 BTC. That's like $12 a gram. If I buy it will I get it that cheap, or will he cancel and then update his price?
Title: Re: Man, I got Ass Raped!!!
Post by: 57 on April 10, 2013, 07:47 pm
So for the vendors prices that haven't updated, do I get that listing for cheap? I see 10gm of Bad Ass MDMA right now for .78 BTC. That's like $12 a gram. If I buy it will I get it that cheap, or will he cancel and then update his price?

Yeah, I'm kindof wondering the same thing... Can I place orders right now since the $$ in my account hasn't declined in an hour or so?  Or will this screw the vendor? 
Title: Re: Man, I got Ass Raped!!!
Post by: slirp on April 10, 2013, 08:02 pm
So for the vendors prices that haven't updated, do I get that listing for cheap? I see 10gm of Bad Ass MDMA right now for .78 BTC. That's like $12 a gram. If I buy it will I get it that cheap, or will he cancel and then update his price?

Most vendors have their prices pegged to the dollar so that they'll always be the same dollar cost.  Many vendors also hedge so if those orders are cancelled or finalized you or the vendor will get the value at the time of purchase minus a 4% fee.  If it isn't hedged and the vendor cancels then you get back the same number of BTC that you originally purchased with.  It doesn't matter if BTC is worth $0.01 or $5000.

If MDMA is $12/g then my hunch if you'd get your order cancelled.
Title: Re: Man, I got Ass Raped!!!
Post by: eskimoplea7 on April 10, 2013, 08:08 pm
go into settings and change your default currency to USD

you will see that the price never changes
Title: Re: Man, I got Ass Raped!!!
Post by: slirp on April 10, 2013, 08:18 pm
So for the vendors prices that haven't updated, do I get that listing for cheap? I see 10gm of Bad Ass MDMA right now for .78 BTC. That's like $12 a gram. If I buy it will I get it that cheap, or will he cancel and then update his price?

Yeah, I'm kindof wondering the same thing... Can I place orders right now since the $$ in my account hasn't declined in an hour or so?  Or will this screw the vendor?

after you add product to your cart you will see the current SR value of BTC listed which is the weighted average which right now is way about the current trading price.  the weighted average is what the vendor gets.
Title: Re: Man, I got Ass Raped!!!
Post by: napalm on April 10, 2013, 08:24 pm
My timing sucks buying btc I just keep buying drugs to ease my pain.
Title: Re: Man, I got Ass Raped!!!
Post by: uniwiz on April 10, 2013, 08:44 pm
Sold my initial investment at $253

Bought back in at $148

This is like horse races, except you might have a chance.
As a currency is awful right now.
Title: Re: Man, I got Ass Raped!!!
Post by: Snooze on April 10, 2013, 09:06 pm
i was sweating hard a hour ago. it went down to $120! its now back at $190, but again thats too much fluctuation. bitcoins were $10 in october. took a few months to get to $20 a coin. now its fluctuating from $266 to $120 in a few hours? that can't be good for anyone but the guy buying at $120
Title: Re: Man, I got Ass Raped!!!
Post by: b0lixtrader on April 10, 2013, 09:11 pm
I miss when BTCs were around a dollar.  Should've kept a couple hundred from then. Would've been banking right now.
Title: Re: Man, I got Ass Raped!!!
Post by: redalloverthelandguyhere on April 10, 2013, 09:15 pm
A listing that was a touch too much for me went down so I could snap it up.

For what I paid for the coins I am not complaining.

I don't bother watching the fluctuations, I just keep an eye on the price of hash and work it from there.

Its possible what I bought could be doubled if I kept the bitcoins but this vendor is running out of superb hash and I've got a good deal.

Other coin I am keeping hold of as I think BTC will go up to 250 UK pounds before too long. The difficulty of mining must be going way und I expect coin prices to go up.

Unless we see massive efforts to mine more coins the price can only go up. We have seen this process continue ever since the first coins got mined.

So, for me, bitcoins are pretty good.
Title: Re: Man, I got Ass Raped!!!
Post by: 41910192618123 on April 10, 2013, 09:17 pm
oh feels good to get fucked in the ass#####
Title: Re: Man, I got Ass Raped!!!
Post by: slirp on April 10, 2013, 09:42 pm
I miss when BTCs were around a dollar.  Should've kept a couple hundred from then. Would've been banking right now.

Holding onto that coin instead of buying drugs would have been pretty cool.

But at least we're enjoying the drugs.
Title: Re: Man, I got Ass Raped!!!
Post by: b0lixtrader on April 10, 2013, 10:48 pm
I miss when BTCs were around a dollar.  Should've kept a couple hundred from then. Would've been banking right now.

Holding onto that coin instead of buying drugs would have been pretty cool.

But at least we're enjoying the drugs.

Ha, that's the only thing that's keeping me from kicking my self for not saving at least 20-30BTC from a few months ago. Completely dry right now.