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Title: Collectibles have been holding out pretty well against bitcion downtrend Post by: Gatorelf on April 01, 2018, 01:45:38 PM The overall crypto market has been in a downtrend for three months. I noticed the collectibles held pretty strong for most of it but starting to show some weakness now. The influx of new exchange account holders ( the main stream) is over, Its obviously slowed and lost investors recently.
There will always be a market for collectibles however but just like others ( BB cards, comics, figurines etc) they will rise and fall with demand. Loaded BTC collectibles are tied to a unique asset price as well which also has a great deal of effect on total value up or down. BTC needs a reason to start trending up again or we may see $5k again. I think this just wont happen until another large economic power like Japan fully adopts its use. Anyone have opinions on where 2018 ends with BTC and collectibles considering the last few months? Title: Re: Collectibles have been holding out pretty well against bitcion downtrend Post by: wheelz1200 on April 01, 2018, 01:50:12 PM Even if bitcoin ended at $5k at the end of the year that is a great long term trend. Remember 2014 - 2016 and where we are at now. I think as more people get into bitcoin itself which they have, than i think the collectable market can only grow.
Title: Re: Collectibles have been holding out pretty well against bitcion downtrend Post by: Gatorelf on April 01, 2018, 02:05:01 PM Even if bitcoin ended at $5k at the end of the year that is a great long term trend. Remember 2014 - 2016 and where we are at now. I think as more people get into bitcoin itself which they have, than i think the collectable market can only grow. I agree I mention that all the time to people now, $5k is a major psych support area but thats still huge compared to the last couple years as an investment. Just need the new people to stay in long term now. Title: Re: Collectibles have been holding out pretty well against bitcion downtrend Post by: wheelz1200 on April 01, 2018, 02:11:59 PM Even if bitcoin ended at $5k at the end of the year that is a great long term trend. Remember 2014 - 2016 and where we are at now. I think as more people get into bitcoin itself which they have, than i think the collectable market can only grow. I agree I mention that all the time to people now, $5k is a major psych support area but thats still huge compared to the last couple years as an investment. Just need the new people to stay in long term now. In the beginning of 2017 if you told me we'd be at $2,500 i would have signed up for it 10 out of 10 times. The doom and gloom is caused by the volitility but if you've been through enough market ups and downs its easier to see the long term trends, not so much for people who jumped in. But you can equate it to the people who jumped in on the rise to $1,000 in 2013 *raises hands* and walked it all the way down to under $175. In a time when outlook was bleek the strong got rewarded. We are in a MUCH more stable place than 2015 so i am fine with this downtrend. Lets me buy more. ;D Title: Re: Collectibles have been holding out pretty well against bitcion downtrend Post by: Gatorelf on April 01, 2018, 02:48:12 PM Even if bitcoin ended at $5k at the end of the year that is a great long term trend. Remember 2014 - 2016 and where we are at now. I think as more people get into bitcoin itself which they have, than i think the collectable market can only grow. I agree I mention that all the time to people now, $5k is a major psych support area but thats still huge compared to the last couple years as an investment. Just need the new people to stay in long term now. In the beginning of 2017 if you told me we'd be at $2,500 i would have signed up for it 10 out of 10 times. The doom and gloom is caused by the volitility but if you've been through enough market ups and downs its easier to see the long term trends, not so much for people who jumped in. But you can equate it to the people who jumped in on the rise to $1,000 in 2013 *raises hands* and walked it all the way down to under $175. In a time when outlook was bleek the strong got rewarded. We are in a MUCH more stable place than 2015 so i am fine with this downtrend. Lets me buy more. ;D haha yep I have another buy area in mind and then maybe scale in more after that. This is way different than the stock market however which I have more than 25 years in Title: Re: Collectibles have been holding out pretty well against bitcion downtrend Post by: killyou73 on April 01, 2018, 02:51:06 PM Even if bitcoin ended at $5k at the end of the year that is a great long term trend. Remember 2014 - 2016 and where we are at now. I think as more people get into bitcoin itself which they have, than i think the collectable market can only grow. I hope we go to under 5k. I'll start buying some loaded lealanas and cas coins! Title: Re: Collectibles have been holding out pretty well against bitcion downtrend Post by: krogothmanhattan on April 01, 2018, 10:20:41 PM I am very optimistic Bitcoin will start its upward trend again.
Needless to say I have not sold any of my Bitcoin but am HODLING all the way no matter which way it goes. Thats how much faith I have in Bitcoin. The collectables will only increase in value as time goes by and they become harder and harder to come by. More people will start collecting and will not be selling as freely as before as our items will become the rarities of the Bitcoin world. Case in point are BitBills...when was the last time you have seen any for sale? For the people who do have them it would be foolish to let go for any price. I know I wont no matter what the price offered is. These and other items like Casascius coins will be Museum pieces one day. The same will happen with other early collectable loaded items. Fiat selling price will just rise as demand increases and supply decreases |