Post
Topic
Board Bitcoin Discussion
Re: Why $17??
by
TonyHoyle
on 30/06/2011, 22:10:59 UTC
[Price of a fish ~= Cost to get that fish on your diner table.

I guess you never did economics :p

The price of anything is not related to the cost of production, only the price decided by the market.  If you're selling widgets, or fish, or whatever, you sell for whatever people will pay. If they won't pay for your cost of production then that's tough, really... you either take the loss or go and do something else (or run an advertising/rebranding campaign to bring the perceived value up).