Silk Road forums
Support => Customer support => Topic started by: Heizenberg on March 12, 2013, 06:08 pm
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Hey, can anyone help me out I am just a bit confused, I recently bought $1100 worth of bitcoins yesterday and it arrived smoothly but I have my currency in SR set to convert/show into Dollars instead of BTC, I had about $56 dollars prior to the $1100 so technically shouldn't I have had $1156? anyways, I notice my dollars keep dropping and is now at $950 over night.. What I am wondering is, I know BTC Fluctuates and all, but shouldn't $1000 always be $1000?
the purchase I planned on making yesterday is screwed up because my money went down so drastically that it appears I have to put in an extra couple hundred to make up for it, my account history shows I only had 1 deposit into my account which was my BTC.
Anyone able to chime some light into this? My BTC is staying the same though just over 21BTC. I am so confused..
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There was a massive crash yesterday due to a blockchain fork - at one point the price had gone from $48.50 to less than $37 in a couple of hours.
So yeah, it's not SR's fault, basically just a market crash ;)
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Bitcoins dropped last afternoon/overnight. What was once worth about $47 is now worth $43
21 coins x $47 = $987
21 coins x $43 = $903
So as you can see when the price of BTC drops so too does your buying power. You effectively lost money just like you might in the stock market.
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Crap, that just ruined my day, man there goes my profits lmao. Thanks a lot guys for letting me know, the company I buy BTC from had their site last night closed after I made my purchase for BTC saying they can't sell until the fork issue is fixed, now they are selling/buying BTC as usual so I assume it has fixed, does this mean BTC value will slowly rise again?
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Very likely.. I'd hold them for a couple days
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Awesome, thank you everyone I appreciate the timely responses, I will +1 you all for being helpful. Have a good day guys.
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Sit on them, they should bounce back by the middle of next week.
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Sadly I have to make a purchase on Friday no matter what >.< hopefully it increases by then haha