Premiums seem tied to USD values and as Canary said when prices up Cas are down. Some coins have never had much of a premium regardless of prices (2013 brass, 25BTC, and 5BTC). Seems like only the silvers have kept the monster premiums.
Topic: Cass coins during bear market (Read 271 times)
Thanks Blazed and Canary. Occurs to me that if BTC goes up a lot then the premium over the BTC value in a Cass coin is a loss. And if hyperbitcoinization happens then it's an epic loss. I heard the other day that even seed-stage investments in Coinbase didn't perform as well as just buying BTC. Makes it hard to use my fiat for anything else... I have to mentally separate my fiat into "for BTC" and "not for BTC" categories, and ironically buying a Cass coin would be in the "not for BTC" category.
There isn't room for them to slide much further. With all the forked coins they're holding, it appears some of them may be selling for at or even below their value! With talk of BCH possibly forking soon, and people beginning to realize the value of legacy bitcoins, I suspect premiums have only up to go once the weak hands have finished folding (more true for the lower value brass coins than the others).
Premiums seem tied to USD values and as Canary said when prices up Cas are down. Some coins have never had much of a premium regardless of prices (2013 brass, 25BTC, and 5BTC). Seems like only the silvers have kept the monster premiums.
if fiat price goes up, cas coins in btc terms go down
if fiat price goes down, in btc terms Cas coins go up
if fiat price goes down, in btc terms Cas coins go up
Hi everyone,
New Cass collector here. I've been guessing that Cass prices will slide down as the bear market continues. But it occurs to me that Cass coins may be mostly held by strong-hands HODLers who don't need the funds and thus can wait out the bear market. For those who have been here since 2013, what is your memory of how the Cass market has responded to BTC bear markets?
Also, anyone know if have Cass coins ever been sold through major auction houses?
Thanks for your thoughts.
(Sorry if my responses are delayed but I'm traveling and the Forum is limiting my replies to delays, I'm guessing because it thinks I'm a scammer...)
New Cass collector here. I've been guessing that Cass prices will slide down as the bear market continues. But it occurs to me that Cass coins may be mostly held by strong-hands HODLers who don't need the funds and thus can wait out the bear market. For those who have been here since 2013, what is your memory of how the Cass market has responded to BTC bear markets?
Also, anyone know if have Cass coins ever been sold through major auction houses?
Thanks for your thoughts.
(Sorry if my responses are delayed but I'm traveling and the Forum is limiting my replies to delays, I'm guessing because it thinks I'm a scammer...)
Jump to: