Silk Road forums

Discussion => Silk Road discussion => Topic started by: BitcoinsUK on July 06, 2013, 07:40 am

Title: I gotta say I freaking LOVE this new currency option!
Post by: BitcoinsUK on July 06, 2013, 07:40 am
Not only does it save having to use a currency converter, but it made it a whole lot easier to see the real price difference in my products - my profit margins are razor thin, apart from on Tunbear's MXE, because the other stuff I have to buy in small amounts as I'm just starting, but I get it cheap enough so I can generally be the cheapest around, but when I changed to to £ I realized I was undercutting by HUGE amounts!

So while my prices have been increased slightly to the user buying an item or 2, because across the board I've increased profits, it means I'm closer to being able to afford to buy in bulk, which means not only will savings be passed on to you guys, but will have less instances of out of stock products.

All I want now is an option for hedged and unhedged to be an option in postage - hedging UK customers is pointless because they get their product the next day, so I pay a fee for an option that, even when BTC dips, I'm better off without it, but with international customers, the BTC crash has cost me quite a bit. It'll all work out in the end and it's still better for me to keep to unhedged as I get more national than international orders, but would be an awesome feature if you could tie your hedging to your postage.