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Author Topic: Could the Bitcoin be seen as a collectible item ?  (Read 1714 times)
batang_bitcoin
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March 01, 2017, 06:43:54 AM
 #21

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.

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March 01, 2017, 06:45:34 AM
 #22

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.

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

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
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March 01, 2017, 06:48:18 AM
 #23

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.
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.

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March 01, 2017, 07:04:36 AM
 #24

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.

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


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March 01, 2017, 07:23:47 AM
 #25

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  Cheesy

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.

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March 01, 2017, 07:40:37 AM
 #26

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  Cheesy

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 Wink

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.

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March 01, 2017, 07:45:55 AM
 #27

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

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March 01, 2017, 08:08:39 AM
 #28

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.

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March 01, 2017, 08:17:16 AM
 #29

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.


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March 01, 2017, 09:03:05 AM
 #30

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.
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March 01, 2017, 09:04:35 AM
 #31

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.

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March 01, 2017, 09:06:05 AM
 #32

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

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March 01, 2017, 09:08:50 AM
 #33

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.

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Xester
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March 01, 2017, 11:32:18 AM
 #34

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  Cheesy

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.

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March 01, 2017, 11:39:28 AM
 #35

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.  Wink

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March 01, 2017, 11:48:39 AM
 #36

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  Cheesy
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.

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March 01, 2017, 11:56:30 AM
 #37

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.

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March 01, 2017, 11:58:25 AM
 #38

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

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dmamigo
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March 01, 2017, 12:00:35 PM
 #39

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.

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March 01, 2017, 12:02:05 PM
 #40

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.

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