Silk Road forums

Support => Customer support => Topic started by: tito92 on September 02, 2013, 09:58 am

Title: Bitcoin Value
Post by: tito92 on September 02, 2013, 09:58 am

Hello!!!

Why there is a difference of more of 5 euro between SR's currency and Mt.Gox's currency?
On 10 bitcoins I lose more than 60 euro.  :(
Thank to all.

Best regards, 
Tito92

Title: Re: Bitcoin Value
Post by: Jack N Hoff on September 02, 2013, 10:16 am

MtGox has an artifically inflated price because no one can withdraw funds from MtGox so users are forced to buy bitcoins with their funds on their account in order to get their funds off of MtGox.  Look at the value on btc-e.com campbx.com or bitstamp.net 

Bitcoins are worth more on SR than they should be.  It's a compromise.

Title: Re: Bitcoin Value
Post by: tito92 on September 02, 2013, 10:53 am

Thank you!!!!  ;D ;D ;D
now start to use bitstamp.net

Title: Re: Bitcoin Value
Post by: lokiju on September 05, 2013, 01:15 am

MtGox needs more competition. Don't they say that they handle 80% of BTC?
And I thought that I had made all this money :(

Title: Re: Bitcoin Value
Post by: Jack N Hoff on September 05, 2013, 01:37 am

Quote from: lokiju on September 05, 2013, 01:15 am

MtGox needs more competition. Don't they say that they handle 80% of BTC?
And I thought that I had made all this money :(

That was a long time ago.  They don't handle half of the exchanging anymore.  They have no liquidity.

Title: Re: Bitcoin Value
Post by: cirrus on September 05, 2013, 02:10 am

Thread resolved.  Thanks for the responses Jack.