Silk Road forums

Discussion => Silk Road discussion => Topic started by: slash on April 03, 2013, 10:04 am

Title: BITCOIN VALUE +more expensive drugs??
Post by: slash on April 03, 2013, 10:04 am

10 gr of charas used to cost me 100 euros
now it cost me 124 euro



why are prices higher since the bitcoin spike?

thank you

Title: Re: BITCOIN VALUE +more expensive drugs??
Post by: MrAnonymous on April 03, 2013, 10:09 am

Vendors have either raised the price, or don't hedge the cost cost to the dollar value of a BTC.

Title: Re: BITCOIN VALUE +more expensive drugs??
Post by: Jediknight on April 03, 2013, 10:37 am

Some vendors might adjust prices 'manually' in hopes nobody notices.  Haha.  But everything is suppose to be cheaper as coin. Value rises. 

Title: Re: BITCOIN VALUE +more expensive drugs??
Post by: WatLanBoon on April 03, 2013, 12:12 pm

All my prices started in whole numbers, Im now down to 0.1 and 0.3 listings.

If the price continues to rise my small bags & pre-rolled joints will be 0.0x in no time..!!

Title: Re: BITCOIN VALUE +more expensive drugs??
Post by: gentso99 on April 03, 2013, 12:30 pm

its because the SR uses the weighted average price and not the current buy price on the mt. gox exchange.I.E. the current buy is at 140 and the weighted average is 123, so you are losing 17$ for ever bitcoin you trade here, currently. I made a thread saying that the price needs to be updated more. I don't mind losing a couple of bucks but this is getting out of hand.