Bitcoin Forum

Hi !

One of the main differences between BTC and traditional money is that the number of coins is limited. As far as I can remember there can only be 21M minus the ones lost forever.

So ,am I the only one to percieve the BTC not mainly for the transaction and payement purpose, but more like a collectible item that will innevitably take value with time ?

Sorry if it sounds silly But i'm still new in the cryto money world  :D

Yes, we know this and that was part of the grand design to be like that.... Remember Bitcoin is the Digital Gold of this generation... and it mimic

many of gold's characteristics. You can mine both and you can use it as a safe haven and you can collect it or trade with it... both are also

valuable and can be used for multiple things. {Bitcoin is not just a currency... it is just a token, but can be used for a lot more}  ;D

It can sure be considered as a collectible item. Several other digital currencies too have evolved during the same time period. So the potential one being secured in a wallet is a good thing. Along with this when one makes a collection of most digital currencies and ICO's that's been existing periodically would make people start collecting it as collectible.

Of course it can and it's even a point used by Bitcoin haters.
Here's an example of an article from 2013 https://www.forbes.com/sites/louiswoodhill/2013/04/11/bitcoins-are-digital-collectibles-not-real-money/#543ace653f8b
The author tries to belittle Bitcoin by describing it as a collectible and an item for speculation, that will never function as money. Time is proving him wrong.
I'd rather compare it to digital gold than a collectible.

But the 21 million bitcoins can be subdivided into 2,100,000,000,000,000 satoshis (enough for 300,000 per person), so it would be difficult justify bitcoins being collectible based on rarity.

If you are looking for collectible bitcoins, check out physical bitcoins here: https://bitcointalk.org/index.php?board=217.0

I think that the Bitcoin can be considered a collectible item for someone who collects coins and includes this item with the classification of "virtual currency," but I think they would do it for the fact that it is something special for that person and they would opt for a physical Bitcoin to make it meaningful.

I also think that bitcoin can be considered as a digital gold. like glld, you can collect  bitcoin and save it as long as you want, or trade it. it does not matter. people sell gold to get some money, so is the bitcoin function. however, smart ones will hold their bitcoins for higher price.

i am sure that bitcoin can be seen as collectible item and we can make bitcoin as our private digital coin and we can save it in our private wallet and never use it. i think if you do this, then bitcoin will be like collectible item and you can saving bitcoin as legacy for your descendants and it is really valuable and worth for you so you don't want to spend or sell for buying something. the only one you want to do is saving more bitcoin in your wallet.

I don't see Bitcoin as a traditional collectible item, it shares some characteristics because its something that everyone could want, but more like everyone would want to be rich.

If you like to make it as a collectible thing then it's just fine. Same goes if you want to use it as a real money. How would you like it to make it as a collectible one? As it was on a paper wallet or being funded at a physical coin?

And can you able to handle it as a forever collectible one if there's a case by any chances that a BTC1 will cost $10,000 or more? 8)

Wouldn't really think of it as a collectible item based on the pure fact that I feel when you collect something you have the ability to touch it, hold it, move it and so on. With bitcoin this is impossible, unless you buy one of those coins that have the private keys for the wallet inside of it. Still, this really doesn't put bitcoin as a collectible.


If you meld your definition and change what the person collects, which is a weird niche but I guess collecting virtual currency could work as you cant touch any of the virtual currencies but a person could still have one coin of each on wallets saved somewhere.


It's considered more of a currency and less of a collectible, this is just someone asking if it COULD be seen as a collectible.

Absolutely not. Being a collector and regularly trading with other collectors, none of us would ever consider collecting BTC.

A collectible is something you can enjoy looking at. Collectors also very much enjoy showing their collectibles to others. You can't do that with BTC.

That's how I look at it.
Bitcoin should be really looked at a collectible because this won't be a New World Order Currency. Bitcoin has a large amount people complaining about the transactions fees and they don't want to spend it within the current decade and if Bitcoin strives past this decade it might be worth more money and the transaction fee's may get higher. So, that means more people will learn to hold the collectible coin instead of spending it on meaningless things.

I will say it ever and ever again: Bitcoin won't work as a "collectible". That could only work if it was closed source and no competitors would be there (e.g. if the technology making it work was unknown and couldn't easily be reverse-engineered), and then it never would have gained trust.

Bitcoin as a "store of value" only works because people can imagine a future where Bitcoin is one of the major payment systems and used by hundreds of millions or even billions of people and then its value would be significantly higher than today. I highlighted the words "used" and "payment" because I mean explicitly an use in the sense as "payment tool" and "money substitute". Because if it's only used like a speculation item it has no advantage to other cryptocurrencies - the network effect is what's causing Bitcoin's lead.

And even if there is a kind of "agreement" between users that "Bitcoin is the digital gold" then that would give major incentives for speculative attacks because then liquidity will stay low, volatility high and it's easy to get the users to panic. Gold is different because it has a kind of intrinsic value (=industrial use) and is also kind of backed by major organizations like states.

fiat is also limited supply! a country doesn't just print money day and night without any limit that will kill its economy and currency value!

and lots of other things have limit too. Gold has a limit also. there are limited supply and each day smaller amount is being mined.

with that said you can see bitcoin as whatever you like, people collect all kinds of things with the hope their price goes up. and you know what bitcoin will go up. because it is still early stages and not that many still know about it.

People collect coins, stamps based on their value too, even if in most cases the value is closely linked to the rarity. We will lose quite a lot of Satoshi's going into the future, with people depositing coins into wrong Bitcoin addresses. We might have tons of Satoshi's now, so this might not be a factor now, but what about 20 years from now.  ???

Every Satoshi is precious... my precious.  ;D

it can but it shouldn't although nothing is stopping anyone from doing it.
bitcoin should be used and views as it is intended to, as a currency. and only because of it being a digital decentralized currency it can grow and become more valuable not just because it has limited supply and is rare!
and one of the reasons that bitcoin has been rising and has its price go to the moon is exactly this. because people see this decentralization and the fact that there is no banks bullshit anymore.

Yes bitcoin is collectible I have had the opportunity to stumble on a thread on this section where a auction is opened for live bitcoin coin which if bought can then be redeemed electronically to what can now be transferred. Until recently I saw that, I always thought the coin symbol in all pictures relating to bitcoin is just a myth as what we have is nothing close to physical coin but now, my thinking has completely changed towards that.

yes, we can see Bitcoin as an income. We can use it, work and business, its income as income us every day, we can work and receive Bitcoin, it may be the main source of our income, and all all we can see it as a source of stable income, myself, I have a stable source of income from work per week advertising their signatures. I liked it, and I confirmed it was good work to income Bitcoin

There is a big difference between a collectible and a currency.

A collectible is usually something that cannot be traded for immediate cash, it does not provide any service to you, and you only buy that collectible if you are interested in it, which probably not a lot of people are.

But bitcoin, it is a payment protocol in itself, so calling it a collectible isn't appropriate.

If you were to treat it as a collectible, are you just letting your coins sit in your wallet? Then what you're collecting aren't bitcoins. You are just collecting numbers on the screen, which to me sounds not too fascinating ;)

Of course you can, this is the best valuable collectible throughout the web. And it's what almost everyone has been doing, we keep on collecting bitcoin as an asset. But if you want to treat it as a collectible item then that's fine. Since you will treat it as collectible it looks like you are just going to hold it without spending it.

but this only make sense when the value fo a single satoshi will be very high, not at it is now, if it is almost worthless it can not be taken in consideration

bitcoin should be evalued by the is biggest unit not the smallest, which is 1 btc

studying the characteristics of bitcoin it seen to be like digital gold and others mining instrument but  from its operations we cannot classified it as collectable items as doing that will undermined it value as crypto currencies or money. You can buy and stored bitcoin and also mining as gold but treat it as gold will affect it values.

Yup, your view is indeed quite remarkable and it will give you an advantage for them. But they also have time limits cannot we know by all, however, we must remain optimistic and excited to be able to produce a great strength, so that what we want could be materialized before of all the things in the Altcoin or bitcoin lost and adversely.Profits in the bitcoin is not temporary, but can also give you an advantage forever with the proviso that we can create a business in the bitcoin. Because only with business bitcoin we have will provide a great advantage

Haha It's unique people. Because many people use it in transaction but you, you just want this coin as collectible item. I think you can but we can't assure that this coin's price will increase in future.

Considering bitcoin as a collectible or as a currency varies according to people's mindset. But here is something that I would like to share, say you got the ATM and swipe in your debit card, you see some "numbers" which can be withdrawed as hard cash.

Majority of the equity shares of companies all over the world are electronically listed, they might be seen as "just some numbers" on the screen but they have value which can be redeemed for hard cash.

So it doesn't matter whether bitcoin should be considered as collectible or currency. For me, its all good either ways.

It is a collectible item,there are physical coins which hold a lot of value,and I speak in terms of price,too.Actually I think it's a great idea that we have physical coins because it's really nice when you can see the actual item rather than just a digital one on the Internet

Yes when bitcoin is recommended for future, it automatically becomes as a collectible thing. A collectible not necessarily in physical format, yes it can be in digital format too. Why are showing interest for some collectible, if we hold them we can have some prestigious status or in future we can sell it for huge prices.

I do see all the characteristics of collectibles fit for bitcoins. Who knows, owning one full bitcoin may become an impossible task in 2025 (like it would cost some millions). Saving bitcoins now itself as collectible would get us some good status too.

Bitcoin can be considered a collectible, because of its potential to have higher value in the future. Much like paintings, antiques, and other rare items, bitcoin can command a high value given the finite numbers that can be mined. But I hope it still serves its purpose of being a currency rather than just another high priced commodity.

When you say collectible item those are not typically things that are monetary valued.
Bitcoin can be a collectible item in a way that it could increase its value for future sale. But for other people it can be an investment or source of income.

I would not see bitcoin as a collectible item.
A collectible item is something that you want to have, there is no direct plan in selling it later.
And to me collectibles are limited to a small number. 21 million is not a small number, especially when you can devide it into 100 million satoshis each.
The term currency fits more I think.
Per definition a currency is a medium of exchange, and that is what you do with bitcoins sooner or later. You exchange it against something else.

Yes ofcourse.As an virtual collectible thing and even an physical collectible its good to collect.Storing and using bitcoins is already considered as collecting bitcoin as a souveneir or for financial thing.Also you may collect physical bitcoins and other physical coins for sale for collection of your own

That will be the first thing that will come in to your mind when the truth about the 21 million limit will be revealed to you. Kind of what is happening now. Trying to hold more and more to keep the prices going up due to demands.
It will be a question to whom will have the patience to not be tempted with this bloating price that is going on. If you can keep up holding it then it will be better.

In some manner we can say bitcoins as a collectible item since you really want to get hold of bitcoin. But in general term we cannot call it a collectible item since bitcoin is not made to be bought and just store in your cabinet or drawer. Bitcoin has a value as a currency that is why its purpose is to be used in buying thing or selling things online. But if you want a collectible item there are bitcoin commemorative coins that are available in a limited supply.

Supply is limited so there will be no inflation like normal fiat. Demand is increasing day by day for bitcoin while supply is decreasing with time. In early days 50 bitcoin was generated in every 10 minutes but right now only 12.5BTC is generated on the same time. After near 2140, no any new bitcoin can be mined.

Bitcoin is already being considered as GOLD 2.0, gold that can't be touched with hand.  ;)

No collectible items will be different in BTC  you can use btc any time you like it. Even you don't use it now time will come if needed you will use it. BTC is something like growing money many investors save thier BTC now for profit purposes they believe they can earn more holding it for long time.

No i dont think that it will be used as collectible .
Bitcoins is always used for daily day use and some people exchange them with fiat as their bitcoin is not widely used.noone other than less the price of bitcoins would increase a lot and not a item for collection.

for me bitcoin cannot be consider as collectible item because i consider the items should be physical and bitcoin has no physical but it depend on the person them self in assessing the meaning of collectible items but i have my words that bitcoin isn't collectible items

You can use it as a virtual collectible, like many people likes to collect gold as collectible but its physical.
But I would prefer to use it rather as a money making and transacting opportunity as its quite easy to use if compared with other Payment Processor.

In theory yes, but in practice this would be very difficult since Bitcoin has only digital form. And what kind of collectible value could have other then real value as a payment currency? I think Bitcoin will not become collectible item, this is just to complicated and somehow it makes no sense.

There are a lot of people nowadays who really want to earn bitcoin and also earn real money by exchanging it. In short they are treating bitcoin as a stock then make money when the right time comes.

Yes, you can treat it as a collectible item. As a matter of fact, some bitcoin owners literally make it collectible by creating coins which they engraved the private keys on it. You can find some examples of it on Marketplace->Auction. You can buy one if you want. Now, this is collectible because it has a physical form.

Just like most members said here yes you can treat it as a collectible item since you could able to kept a physical form of bitcoin which is really great even though most of us treat it as a digital currency but having a physical form really a great thing.

At the moment it's a collectible item because everyone hopes for the prices to escalate in a the near future and Bitcoin is still mineable with more miners joining by the day to collect their fair share of it. So until the part coin is mined and the prices stabilized it will collectible item.

History of bitcoin shows us that it will slowly became exactly what Op is talking about, a collectible item.
Bitcoin worth is regulated by Supply and Demand 101, once useless and regarded as nothing but worthless virtual currency is now the best store of value investment.
If something is limited it will be collectible item, most of us don't realize that yet.

Bitcoin can be seen as a collectible item because as we are trading or buying it, its already considered as collected and so many people who is familiar with bitcoin is desiring to gather or collect it and use it for further transaction.

Maybe people should just start collecting physical bitcoins. The Casascius physical bitcoins are a collectors' item now.
Plus people have been known to pay a premium for unspent bitcoins from the block reward. A kind of "pure" collectible.

A digital collection. Wow that is new.
But I have to agree with it. It is like a collectibles for me.
We hold it and treat them as a precious stone like gold.
We try to stock some more thinking about the future that it can give us.
Aint that what a collectible is. Something like a hobby of collecting things the difference is just it dont have a physical attribute.

Yes, you are absolutely right in your observation. But it is not right to rate Bitcoin as collectible. Collectible is something possessing no utility but value due to scarcity. While Bitcoin is limited but can't be considered as very scarce. It is better to refer Bitcoin as investment item!!

Indirectly when you have bitcoin and save it has become an investment asset with a value that is profitable in the future.
So a collection of bitcoin provides many benefits to users of bitcoin.
Actually, both bitcoin and traditional money (fiat) have limited amount. Fiat can not be printed as much without warranty (gold), fiat circulated in a country /or world with limited quantity based on provisions government