UPDATE on the GOLD (pt.2) The custom dies should be ready next week. The minting process will start soon after. We're still on schedule for an early January release date.
Also, we will have five (5) coins available for purchase. The sale price will be based on the current BTC value at the time of purchase.
Thank you all for your strong and generous support of bitcoin and The Bitcoin Penny Company!
Regards,
Chris
We slash prices on almost all our products when BTC spikes For example, in 2017 when BTC started spiking through the roof, we slashed all our prices by a whopping 75%!
(See the post HERE.)I hear what you're saying, and I understand your grief about it. I often feel the same way. Many sellers are happy to keep the same BTC price even while BTC is sky-rocketing. That's not me, and that's not how our company does business.
FWIW, we honored the .1 BTC price on all our gold pre-orders, even for those customers (more than 50% of our total customers) who waited until BTC lost 1/3 of its value before paying. We lost thousands of dollars worth of pre-order funds due to many customers waiting 2+ weeks to pay. We cannot continue doing that in the future. I'm sure you are aware that ALL BTC prices are based on USD, no matter the product or company. Mints do not accept BTC as payment, so our company must calculate the cost of minting each coin, then convert that into BTC. That's why all collectibles on BitcoinTalk are based on USD. That have to be. And when BTC crashes, we have two choices — take a loss or raise the BTC price to compensate. And when BTC spikes, we have two similar choices — keep the BTC price (which feels a little greedy to me) or lower the BTC price to compensate and help the customer (which is what we do.
I'm with you on the idea that it would be great if all bitcoin collectibles were 100% based on BTC. Unfortunately, mints (and most other production houses, such as manhole cover foundries, for example) only accept USD. Until that changes, we will never have a true BTC collectibles market.
I hope that answered your questions.
Thanks, KY.
Regards,
Chris
Quote from bitcoin penny that is too good not to share. I believe it's reasons like those that they are the number 1 crypto collectable that isn't loadable in 99% of the time.