Silk Road forums
Discussion => Silk Road discussion => Topic started by: zapod on July 05, 2011, 07:35 pm
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I'm sure this has been covered before, but is there anything to be done about the delay between price in BTC on our listings and the real rate of exchange? I priced one tab at 10.1, but now it's at 8.6: while that dollar may not seem like much, considering I just sold out of a sheet, that's 100$ that I'm not going to be getting :-/
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i thought that when you look at the bottom of the sr page it shows a bitcoin average but when you actually do a order it uses the exact mtgox current price. i know i read that somewhere.
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Nothing other than you building in some kind of margin that allows for some movement. It's kind of rough - the recent steady depreciation has hurt since I had about 6 orders out before it started.
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lvlbrained: I don't think it does, as my prices in USD (AND BTC!) were about 1USD lower than when I had made them :-/
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yeah, the calculation for pricing is weird. When the huge drop happened in June (not the hack crash, just the 30-to-ten crash), my prices wouldn't even come close to keeping up with the declining BC price, even on a rolling 24-hour period. When prices were recovering the next day they still wouldn't catch up, and there was a good 25% of arbitrage in there.
The calculation for your listing is a little strange too. If you edit a price it edits at the BC value when you actually listed it, so you might refresh to your listing and see the price is still higher or lower (sometimes by a lot) than you intended.