Silk Road forums

Discussion => Newbie discussion => Topic started by: Thor0123 on March 16, 2013, 09:14 pm

Title: bitcoin prices per USD
Post by: Thor0123 on March 16, 2013, 09:14 pm
I use MTgox for getting bitcoins and the price of these seem to be rising exponentially (about $47 each) while the prices of each SR object is still the same? Is there anyone else who notices this or is there a cheaper/better place to buy bitcoins? Please help
Title: Re: bitcoin prices per USD
Post by: NW Nugz on March 16, 2013, 10:06 pm
Anyone offering Btc cheaper than Mt Gox may be a scammer. If they offer significantly cheaper, they are almost certain to be scammers. Mt Gox is one place you can go to know the current trading price of Btc. Blockchain.info has nice charts including BTC dollar value here:
https://blockchain.info/charts/market-price?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Blockchain may get their numbers from Mt Gox, I don't remember. Rumor has it, Mt Gox provides your personal information to any government that wants to know. Some people prefer to get btc more anonymously and searching the forum will find discussions about that.

The market price of bitcoins has been rising fast on average recently. They can crash fast also, so if you get some you want to spend them before they lose value unless you want to hold on to them as an investment (risky, but great recently).  Most products sold on SR have their price linked to USdollar values and so as BTC go up, it takes fewer btc to buy an item.

Since btc have been going up, many people want them and that makes them go up faster. That can change suddenly at any time. Fun ride on the way up tho :-)
Title: Re: bitcoin prices per USD
Post by: NW Nugz on March 16, 2013, 10:13 pm
Couple more tips:

If searching in the forum, go up to the top level "Silk Road forums" or you are only searching in the sub-forum you are in. (they should fix that default setting)

If you see all prices in SR as btc (another default i'm not fond of) and want them to show up as USDollars instead,
go to you SR account > settings  and click the box that changes it and  then "update settings"
Title: Re: bitcoin prices per USD
Post by: Mescstars on March 16, 2013, 11:03 pm
No, the SR prices in btc are not the same, many have dropped their btc price in tow with the higher cost for btc in usd. just look around on the Road, true some Vendors have higher btc rates, but most if not all have lowered their rates. ;)
Title: Re: bitcoin prices per USD
Post by: greenhaus on March 17, 2013, 01:34 am
items on silkroad are usually locked to the usd amount not the btc amount thats why they change with the price of btc
Title: Re: bitcoin prices per USD
Post by: NW Nugz on March 17, 2013, 12:45 pm
Vendors have a choice of linking prices to Btc or USDollars. Most all choose to link their prices to the USD value as that currency is much more stable.
Title: Re: bitcoin prices per USD
Post by: 3AdYSv7bW8Nu5XfZ0I8W on March 17, 2013, 12:54 pm
i use btcquick since they offer Google wallet payment.

They do charge a tad more for the convenience.
Title: Re: bitcoin prices per USD
Post by: sweetsp1der on March 17, 2013, 01:58 pm
Everything is more for inconvenience!
Title: Re: bitcoin prices per USD
Post by: sweetsp1der on March 17, 2013, 02:00 pm
That convenience thing is a myth!
Title: Re: bitcoin prices per USD
Post by: NW Nugz on March 17, 2013, 08:29 pm
If you care about privacy, I'd avoid Google-anything. (Just a personal opinion)
Title: Re: bitcoin prices per USD
Post by: 3AdYSv7bW8Nu5XfZ0I8W on March 17, 2013, 09:20 pm
It passes a few wallets on it's way to SR, so I'm not very worried.

Plus I'm not big enough to make anything care so much they'd trace funds.
Title: Re: bitcoin prices per USD
Post by: NW Nugz on March 18, 2013, 11:30 am
It passes a few wallets on it's way to SR, so I'm not very worried.

Plus I'm not big enough to make anything care so much they'd trace funds.

I believe btc transactions are very easily traced from account to account outside SR unless tumbled or such along the way. I agree end users making small purchases seem unlikely to be targeted.