Silk Road forums
Support => Customer support => Topic started by: anonymousasshit on August 06, 2013, 07:04 pm
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Ok, I placed an order with a fairly new vendor. I mentioned that if he would have had a custom listing for twice the amount for a little less than double the price, he could cancel my order and post a custom listing and I would buy it. I was shorted .08 BTC in the process, and the price of BTC actually went up a little during the few hours. Here are the details:
refund transaction #7027af1f80 ฿1.71 ฿3.52 August 6, 2013, 5:15 pm UTC
purchase transaction #7027af1f80 ฿-1.79 ฿1.81 August 6, 2013, 10:16 am UTC
Can anyone help me out on this?
Also, in his custom listing, he didn't send a link, which is fine. He put it in his regular listings, which is fine, but it just says "custom listing for customer" and has a price. I asked him to put what the order actually was for since he is new and I wouldn't want to get fucked if he didn't send my correct order.
What do you think?
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My guess is the listing was not hedged. http://dkn255hz262ypmii.onion/wiki/index.php?title=Buyer%27s_Guide#Escrow_hedge
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Well, I see your point, but I should have had the same amount or more money in that case. The price of BTC went up about a buck, so why would I lose nearly 10 bucks in the process?
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Well that's exactly it, if the price of BTC went up from when you placed the order, you get less BTC back in the refund.
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so how does a 1 dollar increase on a 1.71 btc order equal about 9 to 10 bucks?
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Sorry about that I didn't notice this was in the customer support forum when I started replying. But just guessing that's probably what the spread comes out to in SR's BTC valuation at the time you placed the order vs. when you received the refund. I.e. if BTC were around $103 at the time the order was placed and at around $107 at the time of refund for example. I don't know what the valuations were when you ordered vs got refunded.
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Went from about 106.50 to 107.50, roughly. Not more than a buck fifty at all.
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And by the way, as I mentioned, how important is it that the custom listing actually say what it is for, rather than a price and in the description it just says "Custom listing for customer"?
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Ok, I placed an order with a fairly new vendor. I mentioned that if he would have had a custom listing for twice the amount for a little less than double the price, he could cancel my order and post a custom listing and I would buy it. I was shorted .08 BTC in the process, and the price of BTC actually went up a little during the few hours. Here are the details:
refund transaction #7027af1f80 ฿1.71 ฿3.52 August 6, 2013, 5:15 pm UTC
purchase transaction #7027af1f80 ฿-1.79 ฿1.81 August 6, 2013, 10:16 am UTC
Can anyone help me out on this?
Also, in his custom listing, he didn't send a link, which is fine. He put it in his regular listings, which is fine, but it just says "custom listing for customer" and has a price. I asked him to put what the order actually was for since he is new and I wouldn't want to get fucked if he didn't send my correct order.
What do you think?
All orders cancelled or otherwise incur the hedging fee.
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Thanks. I got it.
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Thread locked as resolved.