Silk Road - Your Local Drug Dealer Is Now a Computer
1,278 replies, posted
[QUOTE=Hamm0;40259962]Your posts about btc have been pretty helpful, do you watch mtgox or have you other methods of tracking btc exchange rate?[/QUOTE]
I watch MtGox because it is currently so central and pretty much decides the price, and also Bitstamp where I mostly invest nowadays.
Different exchange sites tend to deviate slightly from the MtGox price though due to different reasons like the buying/selling order ratio, how much fiat vs bitcoin is stored there, local fees etc
And I'm glad these random bits of observed info and speculation on my part is useful for someone :)
[editline]13th April 2013[/editline]
Also 94 at bitstamp, recovering [B]very [/B]quickly. There will no doubt be more fluctuations soon as scared people will sell when the price goes a bit higher, but there won't be another crash. At least I would not expect it.
[editline]13th April 2013[/editline]
Damn today was really crazy, and so exciting!
I even threw together an auto f5 script that would update every 3 seconds so I could track the bid war in real time while eating and drinking my coffee.
Nerd drama to the max lol
[editline]13th April 2013[/editline]
Sheisse, 111 at Bitstamp already! The war is over alright, and the survivors decided to build spaceships and colonize the stars, in a few hours.
Only with bitcoin.
[QUOTE=Mindtwistah;40259917]Recovering and on the way up again! Already $91/coin at bitstamp, 83 average at MtGox.
Good thing I managed to buy at $55 :)
MtGox has really fucked up big this time and shown the entire BTC market how incompetent they truly are and how ill-prepared their infrastructure was for the surge in bitcoin popularity. This is good because MtGox being central in a decentralized economy was the biggest reason for the crash in the first place.
One exchange should not hold the majority of the market, hopefully more people will start using alternatives like Bitstamp, BTC-E, Bitfloor or Bitcoin-24 now, to have a more even distribution of bitcoin trading and prevent one exchange's incompetence from causing a crash again.[/QUOTE]
If I ever actually decide to buy Bitcoins, I'll use [URL="https://www.cavirtex.com"]VirtEx[/URL]. Two advantages: (1) they're not Mt. Gox, (2) they're Canadian, I'm Canadian, and they have really easy deposit methods for Canadians.
[url]http://www.listentobitcoin.com/[/url]
Bitcoin music
[editline]13th April 2013[/editline]
Brian, if you're awake and still have fiat at the exchange, there's a lot of money to be made with these fluctuations if you're attentive and spam the f5 button.
[editline]13th April 2013[/editline]
Getting sleepy, gonna get some well-earned rest. Today was a good day.
Only the gods know what tomorrow will bring so time to sell until then.
Bitcoin is having mood-swings. Seems to go up and down between $90 and $120 in regular, 12-hour or so intervals.
Very predictable, very large opportunity for a small profit.
I don't expect this to last longer than the weekend though. On Monday the banks start working and the bulls will be pumping in fiat to the exchanges to cash in on cheap coins. I expect prices to go up as fuck in a few days, maybe a bit too fast for sustainability, maybe not.
Bitcoins sure are exciting in that no one knows what the fuck is going to happen next :D
What is an easy site to buy bitcoins from with paypal, or dwolla, and what is an easy site to sell them on??
Mt Gox requires SO much fucking verification.
I hear you can trade cash money on silk road for bitcoins
Just recently found this website [url]http://btcquick.com/[/url]
No idea if its legit (Havent used it yet and not sure if I will) or not but you can use a debit/credit card...Bit overpriced by about 20 or so bucks but thats what you pay for convinience i guess.
[QUOTE=Spoongooner_Son;40287541]I hear you can trade cash money on silk road for bitcoins[/QUOTE]
Yes there are people that will mail you cash for bitcoins on silkroad.
There are also people that do this on other, more legitimate, bitcoin marketplaces.
[QUOTE=brianosaur;40289872]Yes there are people that will mail you cash for bitcoins on silkroad.
There are also people that do this on other, more legitimate, bitcoin marketplaces.[/QUOTE]
I've heard they (the legitimate sites) charge absurdly high fees though.
[QUOTE=brianosaur;40289872]Yes there are people that will mail you cash for bitcoins on silkroad.
There are also people that do this on other, more legitimate, bitcoin marketplaces.[/QUOTE]
Where would be a good place to find these?? I have a guy who is buying bitcoins at around 10-15$ less than gox average from some one of these, and cant figure out where hes getting it from
Honestly I dont know because I've never done it, I just seen that the fees are rediculously high (as mindtwistah said), so that always turns me away. You might want to ask your dude.
[QUOTE=brianosaur;40290785]Honestly I dont know because I've never done it, I just seen that the fees are rediculously high (as mindtwistah said), so that always turns me away. You might want to ask your dude.[/QUOTE]
He wont give up source lol.
currently sends in cash via mail receives BC at cheaper price.
Looks like I was wrong in my prediction, the price is sliding down. I'm worried about another crash if it starts going too low. In any case I'll hold on to my fiat and scoop up cheap coins when this is all over.
When exactly that will be and what the bottom price will look like is anyone's guess, I've heard estimates ranging from a few weeks to six months until we hit the floor.
In the 2011 crash it took 3 months of slow downwards sliding for the price to reach bottom $5. I really don't think it will go to single digits though, there's much more money investested in and awareness around bitcoin than there was in '11. Most bears seem to agree on $30-50 as a floor price, but then again you can't really know with bitcoin. Hell maybe it'll start moving up again in a few days.
There's still profit to be made by day trading and playing the fluctuations, but I'm not too sure about trading in a bear market, seems very risky to me.
Yeah I'm down right now by like 10 bucks, hopefully it will be back up in the 90s later tonight when volume is lower
I would not expect it. It was stabilized at 100 because no one knew where the market would lead next, bulls and bears were in balance. Now the scale has been tipped.
Where do you go to keep up to date on the bitcoin stuff? I really want to make an order on SR but this shit has me scared.
It's hard to accurately keep up to date, most of what I do is speculating lol
But there are several speculation sites with lots of info and analysts that give different predictions, I tend to go to this subforum: [url]https://bitcointalk.org/index.php?board=57.0[/url]
Blame it on Mt.Gox!
[video=youtube;K2ku1A5Ox8U]http://www.youtube.com/watch?v=K2ku1A5Ox8U[/video]
Brilliant
Thinking of buying some acid from Silk Road which would be shipped from Canada. Is anyone here from Australia, and if so have you had any issues getting shipments through customs?
Acid doesn't have a characteristic smell (?) and would be mailed in an envelope. It would be pretty much impossible for customs to get it but you're more likely to get selectively scammed for being Australian.
Has the URL changed recently? Bought 4 bitcoins when they were like 10$ a piece and still have some left that I would quite like access to.
silkroad vb5 piz3r .onion
thats how i remember it
[QUOTE=brianosaur;40459440]silkroad vb5 piz3r .onion
thats how i remember it[/QUOTE]
Hmm, that's the one I'm using but it won't let me connect. Can get to the silkroad forums fine, and google too.
Their forums were down earlier today because they were being DDoS'd (a few days ago the SR site was being DDoS'd). It came back up about a few hours ago.
Their SR site has been working for me earlier today and yesterday. It's not working for me either as of right now. Just keep trying and look on the forums (in the Silkroad Discussion) DPR will put up a notice if its down or will be down.
[QUOTE=lunarwalrus;40432701]Acid doesn't have a characteristic smell (?) and would be mailed in an envelope. It would be pretty much impossible for customs to get it but you're more likely to get selectively scammed for being Australian.[/QUOTE]
I'm aware it wouldn't get picked up on odour or anything, but are there any other techniques to identify its presence?
The guy I'm looking at buying from seems to have really good ratings. There are some local sellers on silkroad, but none of it's as pure as this guy's stuff apparently.
[QUOTE=sltungle;40465222]I'm aware it wouldn't get picked up on odour or anything, but are there any other techniques to identify its presence?
The guy I'm looking at buying from seems to have really good ratings. There are some local sellers on silkroad, but none of it's as pure as this guy's stuff apparently.[/QUOTE]
The only way for it to get caught is if you're unlucky and the envelope gets x-rayed. It's very rare but has happened.
[QUOTE=Mindtwistah;40465549]The only way for it to get caught is if you're unlucky and the envelope gets x-rayed. It's very rare but has happened.[/QUOTE]
LSD is an organic material, and it's probably gonna be present in such minute thicknesses that it'd be entirely transparent to x-rays. I'd imagine it'd just be easier for them to run letters past a strong UV source to destroy any organic molecules within a letter, but I've never heard of such a system.
I meant they can see there's a blotter if they x-ray it, and I'm pretty sure customs inspectors are well-familiar with blotter designs.
silk road down right now?
Yes this is what DPR said
[quote="DPR"]UPDATE (04/29/2013 0715 UTC): Just want to let you all know I'm still here and we're still doing battle behind the scenes to get the forums and main site running again. It is incredibly discouraging to have everything we've worked so hard for taken down by some anonymous and malevolent person, but your kind words of encouragement do wonders for our moral. We are on the cutting edge of anonymity technology here. The attacks being used against us MUST be overcome if Silk Road and any anonymous public sites are to have a future. Thank you again for your patience with all of this, and pray that we make it through stronger than we started.
We are being attacked once more. This time the forums are under attack as well. Access is intermittent, so hopefully some of you can read this. We are doing everything possible to overcome this latest attack. Please be patient while we find a solution.[/quote]
[url=http://dkn255hz262ypmii.onion/index.php?topic=153045.0]posted here[/url] (use tor or put a .to at the end of the url)
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