you are all correct but there is another very improtant point which people forget
most people buying usbs in bulk are to sell on ebay
if btc/usd goes up to wherre it is now it is not worth the hassle anymore
friedcat price of lets say .07 btc when btc was 120 made sense for ebay.
REMEMBER FRIEDCAT PAYS FOR PRODUCTION IN FIAT (USD OR CNY)
he is now making 30% more per piece so he can afford a 30% reduction in price
remember the resellers have not paid him yet for the full stock they only pay once people pay them. so friedcat can afford to lower prices like 30%
i know people are going to say but look at things in btc and price hasn't changed. well good for them but they don't sell on ebay and as i wrote above friedcat is making 30% more
maybe we can see a reduction to 0.055
happy mining everybody
If friedcat chooses to exchange his BTC to FIAT then that's up to him, and he can keep his losses/gains when he does. As far as the ebay thing, most people have done that over and over, I did over 400 units myself all on ebay (mainly from silentsonicboom btw,. thanks for fast shipping/great packing), and took looses when the price changed here and either I hadn't sold out yet, or was waiting on pre-order. It's a gamble. However for the currency to really survive, it needs to be disassociated with other currencies, in fact it shouldn't be 1
BTC = $166, it should be $166 = 1
BTC, making
BTC the driving factor, the foundation, the (insert word here cause I forget it) causing things like this:
The Chinese government has recently been more vocal in its ongoing campaign to see the dollar removed from global reserve status.
IF everyone in the wold chooses
BTC for global reserve status, add another 0 to it's value (in comparison to USD), making people who have stockpiles of
BTC ridiculously rich.
Now is that cool? Heck no, I'm an American and it makes us weak in comparison to the world, devaluating our economy and making us poorer in the whole world scheme of things. What am I going to do about it? Next time I go vote I choose anyone that doesn't have an (i) next to their name, and make them fear for their jobs like I do for mine when our economy is bad.
So a usb miner is .071
BTC, was .071
BTC and will price-drop when the manufacturer drops their price lower than .071
BTC, regardless of how your local economy is being affected by political idiots. Want the price lower than that? PM SilentSonicBoom and order over 100 to get a lower price. I can personally assure you he ships fast and packages against a zombie apocalypse.
Tong
