Silk Road forums
Support => Customer support => Topic started by: pioidroid on April 13, 2013, 04:30 am
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Why is the bitcoin rate on SR so low? I thought they use an average of the mtgox and other bitcoin services. When I purchased my bitcoins the rate was at roughly $89 on SR but at like $109 on mtgox and all the other sites. I just got screwed out of well over $150 because of this and was not able to order what I wanted. What the heck is going on? I am never one to complain, but this is insane....
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I would also like to know why this average is so low. Is it because of all the chaos with bitcoins over the past week?
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SR does use the weighted average and it is currently $87.95959.
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How often the Weighted Avg from Mtgox get updated on SR?
And get the Weighted Avg automatically updated or manual?
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It gets updated all the time, every time I refresh my page the value of my coins has been changing.
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so if it's being updated often how can the Sr btc value be so low. I've been seeing a lot of threads saying there putting money in the account but getting less when it gets to Sr Wallet and not buy just a few dollars either. Someone claimed to have lost almost a hundred dollars.
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Weighted MTGOX avg. (becuase of recent volatility) is usually alot lower than, say, what you're paying for on a market order (vs. limit order) on a service like Bitfloor.