Bitcoin Designed Wrist Watch - Selling For $400,000😱😱

[YOSHIE]

So guys, what do you think?, if you have the money, will you splash $400,000 to acquire this timepiece, or are you letting it pass?, let's discuss.

I've seen and read about Bitcoin Wristwatch Valued at $17million and I've also read about This $348,000 Jacob & Co. Watch Is A Crypto Millionaire’s Wet Dream, I see there is a resemblance to Jacob's watch, only the price is different.

I think a watch should be auctioned if it costs hundreds of thousands of $, this is a fantastic watch price, maybe for an antique collector who can afford it, Honestly, I would probably think 10 times as much to buy that watch, after all, it took decades to get that much money.

[budi691]

for now watch collectors buy watches at high prices for investment, not just for body decoration, but if I have a lot of money I prefer to invest in Bitcoin than watches,
but we can't fight people's hobbies, they are billionaires invest in expensive watches maybe nothing at a price of $ 400,000

[DooMAD]

I guess it's an interesting novelty which might appeal to someone.  It's a bit... ugly for my tastes, though (not that I could afford it anyway).  I don't mean to sound harsh.  I just prefer a sleek, minimalist aesthetic.  Definitely isn't my style.

[cheezcarls]

Dang only the Bitcoin whales can afford it. But I would like to see that in a Bitcoin or crypto museum.

Call me crazy, but if this watch could actually store BTC like Ledger, then it's something worth checking out than just being a luxury collectible LOL!!! Just my imagination.

But I would rather choose Bitcoin than this Bitcoin-themed luxury watch.

[darkangel11]

I'm sure these will fetch higher prices in 10 years when none are available for sale anymore. It's beautiful, that's for sure. If I had a lot of money from bitcoin like being one of the very early adopters I'd probably get one to show my appreciation to cryptocurrency that made me rich.

I wouldn't buy it because if I had that much money now I'd rather buy bitcoin at a 70% discount. I have some coins saved up and it would probably be enough to buy that watch if I sold it all, but that would be such a waste of coins at this price.

[Detritus]

The interior design looks perfect to me but this watch is cost for 20 Bitcoin which I can't afford now. Buying this watch should count as an investment not just like some random wrist watches. If peradventure am in the position to buy that watch, it's definitely going to be stored in my savings box until I can sell it for $800,000.

[buwaytress]

A few years ago, there were quite a number of luxury timepieces selling for pretty high prices -- all Bitcoin or crypto related. Always wondered if they eventually sold everything (as limited as they may be) and how much they'd fetch today. I know classic collectors pay, but it's not like they're waiting in line to bid. Crypto pieces? Not sure.

So yeah, good money for the makers. But those buying with hopes of value appreciating, don't hold your breath.

Oh, also surprised they didn't throw in NFTs yet to accompany those watches.

[Wiwo]

What I was looking out for in the article is to find out how many karat golds the watch is made up of, because most smart people that wear  this type of expensive jewelry are with the investment mindset that is their can resale the watch x 10 of the amount they bought it in the next few years just like Bitcoin,

I think the article included that the hands of this black Astronomia Bitcoin watch is made of 18K rose gold which makes it a good investment. The features and design of the watch are very similar to that of Bitcoin, making it a treasurable collection. But, I am not too passionate about expensive accessories or designer outfits. But my friends always remind me that it is because I can't afford them now. But wearing a $400,000 wristwatch means that you must have all the security to guide you from robbers. This is because if people know that you are wearing a watch that the price can turn someone into a millionaire in my locality, they would want to get it by all means.

https://bitcoinist.com/bitcoin-designed-watch-sells-for-400000/

Zlatann my friend, thanks for pointing that out for I missed that part in the article when I wrote the comments I just read through the link you shared again and saw where the article stated that the band of the watch is 18k Gold which gives it the value because aside from that 18k Gold I don't think other parts of the watch mention on the article is worth that whopping amount of $400,000

[DeathAngel]

I’ll pass on this, it looks quite cool but if i am to spend $400,000 on anything it won’t be something worn on my wrist. To buy something like this you must be worth $20,000,000 or more to justify it. I mean you can buy a home for $400,000 or even just a bunch of bitcoin which will be worth at least 3 or 4 x current price in a few years.

[samuraijin]

I'm worried about investing my money in investing in watches, what's more, the prices are so fantastic, I prefer not to buy the watches, and switch to buying other assets instead of watches, besides buying bitcoin is more profitable than watches that only depicting the Bitcoin logo, I think it's just a joke, if someone is an enthusiast or a hobby of collecting watches then it's normal for him to buy such an expensive watch...

[SFR10]

So guys, what do you think?, if you have the money, will you splash $400,000 to acquire this timepiece, or are you letting it pass?

As someone who likes to keep a low profile, my answer is always going to be a big fat NO.

I don't see why some whales wouldn't buy it. It's a much better piece than any of those weird-looking jpegs....I mean NFTs hehe.

I agree with the latter part, but I believe crypto whales normally prefer something that can "easily" be liquidated "without a delay".

however bitcoin as a term used to design a luxurious watch for the first time will help get people in the watch niche to design more of bitcoin watches, though it depends on the sell out of the watch.

• Bitcoin watches are nothing new, there have been many such watches over the years, as we can see in the next thread -> Bitcoin Watches
  

  And a few more on "this thread".
  

If they're creating the watch with Bitcoin private key inside like physical Bitcoin, I think it would be a great idea.

I have mixed feelings about it ^{[e.g. it'd be a unique timepiece, but at the same time, it'd also be a nightmare for whoever wants to extract the private key without destroying the watch in some way (I don't think manufacturers will place the private key and the tamper-evident seal on the back of the watch)]}!

[tertembak35]

The features and design of the watch are very similar to that of Bitcoin, making it a treasurable collection. But, I am not too passionate about expensive accessories or designer outfits. But my friends always remind me that it is because I can't afford them now. But wearing a $400,000 wristwatch means that you must have all the security to guide you from robbers. This is because if people know that you are wearing a watch that the price can turn someone into a millionaire in my locality, they would want to get it by all means.