Silk Road forums

Discussion => Security => Topic started by: catacombgangsta on February 03, 2012, 08:33 pm

Title: bitcoin exchange rate
Post by: catacombgangsta on February 03, 2012, 08:33 pm
Where do u find info on how many bit coins u get for your dollar? I'm totally new and very confused can u use a debit card 2 get bitcoins  help please
Title: Re: bitcoin exchange rate
Post by: someone703 on February 04, 2012, 12:03 am
www.mtgox.com

There are other sites too that're supposed be more accurate (updates the going price more often), but for a general idea of current prices the above site is good.

The values are across the top of the page.  Average price is across a 24-hour span I believe.
Title: Re: bitcoin exchange rate
Post by: ianfleming on February 04, 2012, 12:07 am
http://preev.com/

Shows exchange rate, is quick and simple and can do conversions
Title: Re: bitcoin exchange rate
Post by: Silpheed on February 04, 2012, 07:35 am
You can see the value of bitcoin at:

http://bitcoinprices.org/
http://www.bitcoinwatch.com/
https://mtgox.com/code/data/ticker.php

On Silk Road if an item is priced in USD then the site uses the "avg" in that last URL to determine the price in bitcoins, which is the 24-hour weighted average price of bitcoin on MtGox. "last" is the last successful transaction (considered the current market price), and "sell" is the lowest price someone is willing to sell bitcoin for

If you buy bitcoin for lower than the "avg" then you'll be saving money on items.

If 1 bitcoin is worth $5.86, then $1 is worth .17 bitcoin (1 / 5.86).

As for obtaining bitcoin, you might want to look into bitinstant.com.