Silk Road forums
Discussion => Newbie discussion => Topic started by: tengolucy on May 09, 2013, 05:32 am
-
So how does one hedge against the swing in BTC price when getting money to the SR? from what I understand it can take at least 6 hours? sounds like a potential for loss
-
I dont know, all I know is one day I had like half a bitcoin left in account from a transaction ($20 a the time)
It had been about 3 months since I logged on...
Then one day, I was like, I need to buy some more coffee from India,
So I logged on, and bam, I had like $70 in there. It was cool because that just enough to get my coffee!!!
I guess you just need to study bitcoins, because, its the currency of the future.
-
Maybe it can take 6 hours. Usually it's more like 2.
Pretend you're just making swing bets on bitcoin value. Buy low after a drop. Transfer as it raises in correction..... But yeah, not much you can really do. If you don't like the price it changed to, then just wait around a couple days.