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Author Topic: Could the Bitcoin be seen as a collectible item ?  (Read 1714 times)
FlightyPouch
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March 01, 2017, 12:16:15 PM
 #41

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.

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March 01, 2017, 12:19:27 PM
 #42

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.

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March 01, 2017, 12:24:57 PM
 #43

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.

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March 01, 2017, 01:51:22 PM
 #44

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

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.

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March 01, 2017, 02:07:37 PM
 #45

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.

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March 01, 2017, 02:20:34 PM
 #46

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.
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March 01, 2017, 03:38:45 PM
 #47

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.

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.


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March 01, 2017, 03:45:09 PM
 #48

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.

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March 01, 2017, 04:30:41 PM
 #49

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

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!!

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March 01, 2017, 10:50:03 PM
 #50

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

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

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