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Author Topic: 10 BTC Casascius peeled and redeemed yesterday  (Read 665 times)
iBitcoinHongKong8
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September 13, 2020, 05:55:16 PM
Merited by krogothmanhattan (1)
 #21

Like Yim said above, most bitcoiners have no idea about our little corner of the World Wide Web here. Anytime a physical item is posted to r/bitcoin or r/btc (but to be fair Ver and his folks aren’t the brightest to begin with), the majority of replies are “there’s no such thing as physical bitcoins, they’re just copper coins worth a buck”  “I wish I could own a Casascius, you can’t find them anywhere” or they just ask where it could be sold. Even if they are told about this board, you gotta sign up, learn about escrow and the trust system, then trust it’s legit info, etc etc.  Makes a lot of sense why many peel a coin of this value.

Let them peel! I love it when I check the https://casasciustracker.com site and tons of coins were peeled. Sometimes the site will not update for a few days then bam 4 or 5 days later it updates or gets rebooted or whatever and booyahhh you'll see a long list that had a few peelings per day over those 4 or 5 days. Or sometimes it's just working all the time and on any given day there will be many peelings. And of course there's many days with no peelings. Anyhow the more they peel the rarer they get. Win win for the holders of them. But yes with premiums depressed depending on what you have to sell peeling beats selling. So either the premiums rise again or they don't. The market will do it's job. In the mean time I'd love to see a peel fest  Grin
Then wake up the following day and see an even bigger peel fest THEN wake up the following day and ahhhh you all get it. Cheers my physicals brothers and sisters.

Sincerely,
Sir Peel a Lot
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MoparMiningLLC
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September 13, 2020, 08:44:19 PM
 #22


...


I get the notifications on twitter @CasasciusBot - links to the same site you referenced but gives me notifications so I dont have to go look at the site lol

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September 13, 2020, 09:42:36 PM
Merited by daburone (1)
 #23


...


I get the notifications on twitter @CasasciusBot - links to the same site you referenced but gives me notifications so I dont have to go look at the site lol

Yeah I've seen the Twitter bot but I just love the click on the site and slowly peel no pun intended to see whats been peeled! The more the better.

Signed Sealed and Peeled,
Your PAL(Peel A Lot)
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September 13, 2020, 11:01:20 PM
 #24

10 BTC coins seem to linger on sale forever and always have the highest premium. I'd be interested to know how many have actually sold.

I recall Anduck had his up for sale for quite some time.  I think it was for around 16 BTC though?  I can only think of half a dozen or so secondhand sales since they were released.  Not many people with $150,000 to spend on a single coin for their collection.  Someone on reddit should take out a loan to buy one and hold it until Christmas of 2021.  I'm guessing it could be a magical ride.


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September 16, 2020, 02:10:04 PM
Merited by OgNasty (1)
 #25

There are a dozen reasons why a 10btc Casascius was peeled; inherited, stolen, anonymity (not selling directly), fear of transporting high value, etc...  The conundrum we all deal with here is the higher the value of BTC, the less premium we demand on our coins. Arguably the best time to sell a Casascius is when BTC $ value is low, thus receiving say 18-19BTC for a 10BTC back when we were in the $200-300 range. Now you'd be lucky to get 13BTC. I buy Casascius as a way to force myself to hodl and ultimately to hand them down to my kids, eventually all of mine will be peeled.
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September 16, 2020, 03:02:10 PM
 #26

In the last 18 months, 4-5 of the Cas 10s have changed hands and did so for between 13-14BTC.
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September 17, 2020, 08:05:32 AM
 #27

All cas coins will have to be peeled or the btc will be lost because the paper inside is only good for 60-80 years (I thought)
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September 17, 2020, 09:51:54 AM
 #28

All cas coins will have to be peeled or the btc will be lost because the paper inside is only good for 60-80 years (I thought)

I don't really see why that should be. I have 20yr old pieces of paper that were printed with draft settings that have been sitting around in the open air that are just as readable as the day they were printed. Can't see a reason why another 20-40 years will change much.
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September 17, 2020, 01:14:52 PM
 #29

rare means expansive
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September 17, 2020, 09:08:08 PM
 #30

There are a dozen reasons why a 10btc Casascius was peeled; inherited, stolen, anonymity (not selling directly), fear of transporting high value, etc...  The conundrum we all deal with here is the higher the value of BTC, the less premium we demand on our coins. Arguably the best time to sell a Casascius is when BTC $ value is low, thus receiving say 18-19BTC for a 10BTC back when we were in the $200-300 range. Now you'd be lucky to get 13BTC. I buy Casascius as a way to force myself to hodl and ultimately to hand them down to my kids, eventually all of mine will be peeled.

I'm not sure I agree about the best time to sell being when the BTC value is low.  That's an odd game of "what if" and I think people would be wise to consider their entire portfolio and not place so much into the idea that when you sell something for BTC that BTC is somehow separate from your holdings and not a part of your managed portfolio.  Everything should be considered traded at the USD value at the time of trade so you can gauge value over time.  You don't consider your groceries cheaper when Bitcoin goes up because they would cost less BTC do you?  Do you feel like your home is worth less when the value of Bitcoin goes up?  Do you consider the housing market a scam because if you spent BTC on a house in 2011 then you 'lost' a ton of BTC?  Personally, I don't think the stock market or housing market is a scam or not depending on what the Bitcoin exchange rate does, but so many in this community (incorrectly) think this way.

Regardless of the price of BTC at the time, I think users are better off selling one now for $100,000+ worth of BTC, then selling one in 2013 for $200 in BTC.  If you don't think that is true, ask somebody who sold a 10 BTC Casascius coin back then if they would prefer to own the coin now.  I know I don't regret spending BTC back then to get mine.  One of the greatest investments of my lifetime, even if I did 'lose' BTC in the process.

I do agree with your final statement though.  I wouldn't sell my pair of 10 BTC coins for less than $300,000 today and the more I see the market premiums disappear on these coins, the more likely I am to peel mine when the day comes as well. 


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