Quote from: Merribourne on November 04, 2014, 01:09:44 PM

Hi, thanks I'll wait for that answer before I make any further decisions. Is he going to answer it here in the forum?

I'm very interested in this. I do have reservations though because both bitcoin and litecoin are hovering around YTD lows. Litecoin has dropped from $23 down to $3.50 since the beginning of 2014.

Someone said that the assumption in this was that bitcoin would be at $500 but it's down below $330. Is it still profitable for you at these levels?

On banxmint you've got a 1 bitcoin coin at $651.59 which doesn't inspire confidence that you're going to sell many. If you do sell a lot then you've got a great profit margin there!

I will either get the answer from Mark and post it here myself or he will jump in quickly to answer it.

As for Banxmint, there are a lot of costs associated with these coins as we have to get them minted, prepped and shipped. If I were to post the profit margins on those coins then I think you would be surprised how quickly the costs mount up for these!

As for the price of bitcoin and litecoin my own opinion is that it is a VERY good time to buy as it is so low at the moment. The majority of market experts are predicting a $1000 bitcoin early next year with a price spike at $1500 just before it settles... I am inclined to believe them as more and more vendors start accepting crypto and more legitimate businesses are started.

We are still in the early days of this technology so there will inevitably be a lot of fluctuations as the market finds its stable base...

Hope that helps.

Simon