Silk Road forums

Discussion => Newbie discussion => Topic started by: graffix on March 19, 2013, 02:57 pm

Title: Cancelled order, lost bitcoins now???
Post by: graffix on March 19, 2013, 02:57 pm
So I put in an order, it got cancelled by the seller, does SR end up keeping some of the bitcoins? Now I'm like .10 bitcoins short...
Title: Re: Cancelled order, lost bitcoins now???
Post by: SadUare on March 19, 2013, 03:04 pm
Is it their SR fee?
Title: Re: Cancelled order, lost bitcoins now???
Post by: edar on March 19, 2013, 03:07 pm
 :(
Title: Re: Cancelled order, lost bitcoins now???
Post by: graffix on March 19, 2013, 03:10 pm
I have no idea..just checked my account history now for exact numbers.

I sent 2.51 over, but only got 2.35 back :(
Title: Re: Cancelled order, lost bitcoins now???
Post by: SadUare on March 19, 2013, 03:11 pm
did you contact them?
Title: Re: Cancelled order, lost bitcoins now???
Post by: graffix on March 19, 2013, 03:22 pm
Just did now, guess I should of checked out the support first, I'll see whats going on hopefully...
Title: Re: Cancelled order, lost bitcoins now???
Post by: scout on March 19, 2013, 03:25 pm
I'm guessing it's because they are using escrow hedging ... which has a fee.  In the future, if you're worried about it, you can use a vendor that doesn't use escrow hedging (it will tell you when you add an item to your cart).
Title: Re: Cancelled order, lost bitcoins now???
Post by: acider on March 19, 2013, 03:29 pm
Yes it's the hedging fees which are about 4% if I am not mistaken.
Title: Re: Cancelled order, lost bitcoins now???
Post by: graffix on March 19, 2013, 03:39 pm
Yeah you guys are right, damnit, it was over something so dumb too...ughhh

Still even at 4-5% I should of received a few more back...its more like 6.5% fee they took out :( oh well guess ya live and learn,still kinda sucks
Title: Re: Cancelled order, lost bitcoins now???
Post by: scout on March 19, 2013, 04:13 pm
If they're using escrow hedging, then you get the same amount back in USD as you initially paid ... which could be less BTC if the BTC price has risen.
Title: Re: Cancelled order, lost bitcoins now???
Post by: J4y on March 19, 2013, 05:35 pm
Isn't escrow hedging recommended?
Title: Re: Cancelled order, lost bitcoins now???
Post by: Royal Highness on March 19, 2013, 05:40 pm
sure it is recommended, but with the price of BTC going up and up and up and it is almost a rarity to see anyone hedged.   would you?    having said that, when btc where 10 bucks almost everyone was hedged.   some folks have quadrupled their earnings on here simply by NOT cashing out.  think about that for a minute.
Title: Re: Cancelled order, lost bitcoins now???
Post by: J4y on March 19, 2013, 06:00 pm
Ya but what happens when the market crashes and a bticoin is worth $3 again, like it did like a year ago from $30. Did you think about that?
Title: Re: Cancelled order, lost bitcoins now???
Post by: pharmacypowder on March 19, 2013, 06:18 pm
Lots of questions people asked in the newbie section are already answered in the buyers guide which Silkroad asks you to read before you do anything, thats why they have this newbie forum 50 post thing....to many already answered questions were being asked on the main forum.
Title: Re: Cancelled order, lost bitcoins now???
Post by: Trekz on March 19, 2013, 07:49 pm
I guess newbie section is working as intented then.
Title: Re: Cancelled order, lost bitcoins now???
Post by: TorUser1549 on March 19, 2013, 11:34 pm
Lets hope I see that crash coming I don't want to lose my precocious BTC