Quote from: k9quaint on June 11, 2013, 04:37:58 PM

Quote from: hexed on June 11, 2013, 04:32:24 PM

Quote from: k9quaint on June 11, 2013, 03:52:32 PM

Quote from: Bonam on June 11, 2013, 03:35:06 PM

Quote from: mezzomix on June 11, 2013, 03:10:06 PM

Quote from: maqifrnswa on June 11, 2013, 10:21:06 AM

Those that kept their BFL preorders, or even made new orders, look likely to come out ahead over avalon batch 3.

No! I paid nealry 200 BTC for a Single SC in June 2012. There is almost no chance to get this money back so in the end BFL was a bad investment.

Nope, their pricing was a certain amount of dollars, and there is in fact still a pretty good chance to get that amount of dollars back. It was your own choice to sell BTC for USD when BTC was low.

But he paid in BTC. So he lost BTC, regardless of what it was converted to later.
Buying BFL is really an investment in the future of Bitcoin, and the obvious comparison investment is buying Bitcoin itself.
When BTC crashed to $3, it briefly made economic sense to buy BTC instead of mine them.
That is the risk in holding a future contract, the prices could change and make it hard on you.

This is a ridiculous argument too. I paid in BTC for one order, but I also paid in paypal for another with fiat. That money could have just as easily been converted to bitcoin. Butterfly labs has always had the DOLLAR AMOUNT of their products. They have never just had a BTC price. The reason for that is their devices are purchased in dollar amount.

And there is a risk at ANY point.. this is bitcoin. Hindsight is ALWAYS 20/20. As many people have said including myself, what if bitcoins went down to 3$ a bitcoin after he purchased this miner for 200BTC? He would have went to the BFL webpage to see that they were offering the same product for 400 BITCOINS!! But in the grand scheme of things it would have still said $1299 USD.

..and when BTC crashed to 3$.. was it REALLY economic for ALL people to buy instead of mine? What was the difficulty then? What was the electricity costs of the person mining? What if it crashed even further to $1.50?

Way to many factors to be so black and white. Using hindsight is never a good thing to anyone Captain Obvious

Why do you keep bringing dollars into the equation? The customer had 200 BTC, he gave 200BTC to BFL to get a mining device, now he will get less than 200BTC from the mining device. This is just math. Very simple math.

Since you love exchange rates, lets look at the following examples:
If BTC drops to $1, he will be worse off.
if BTC drops to $50, he will be worse off.
If BTC stays the same, he will be worse off.
If BTC rises to $500, he will be worse off.

In fact, there is no future exchange rate in which the customer will do better having ordered from BFL than if he had not ordered from BFL and kept his BTC.

Thus, the nature of speculation...